Why is the price of bitcoin so high

[9tails]

Because the Bitcoin demand in the market still high, Many people wants to Invest in Bitcoind and many people Hold it.And Bitcoin is the superior of all CryptoCurrency.

[bitctrimor1]

Bitcoin is the original one, so is it superior. I beleive that altcoins are followers of bitcoin and should be put after bitcoin.
When a person newly gets involved to cryptocurrency, he must know the bitcoin first in order to understand crypto world.
The reason of price rise in bitcoin, is because bitcoin is nominated worldwide and is acceptable at most places, whereas people are mostly not aware of altcoins

Good and simple points. Bitcoin is the pioneer in the cryptocurrency market, therefore, it has the vantage point and is the king of the hill amongst every coin and token in the market. Having that kind of advantage makes it more versatile to be worked up in the market, and many people know and trust bitcoin more than other coins, which prompts them to trade with it more so than others. It also has more reliability because it has endured so many changes in the market that none of the newer coins have under their belts.

[Requim]

Hello,

Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.

Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.

Cheers

I think that it has something to do with the demand of people. The more the people demand bitcoin, the higher it's price gets. This is the basic fundamental law in economics, and this is the only logical explanation I can think of as of now.

[arpaul]

Bitcoin BTC will keep increasing because of this whole pump and dump in altcoins. Many people hold bitcoin BTC and sell their altcoins. Altcoins dump and people keeps buying bitcoin BTC and bitcoin BTC keeps increasing, demand is high now.

[NeoTech42]

Because of the supply and demand. Also, lots of people think Bitcoin is gold 2.0.
Bitcoin got really mainstream these last two months, that's why the price is now high although it was 20K few weeks ago.

[seanavery11]

Bitcoin is the first coin in the crypto world. Because of its superiority, it dominates the other altcoins. For that reason, people invest to it due to popular demand. Hence, price of bitcoin is so high

[HybCZ]

Do you think this price is high? Can it be higher?

[EMV]

Hello,

Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.

Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.

Cheers

Bitcoin Cash became the third largest in terms of market capitalization. Despite the achieved maximum of about 1400 dollars, traders do not believe in a rapid rise in prices for this crypto currency. Why is the price of Bitcoin Cash so high? Is it just a bubble that is waiting for an explosion, or will Bitcoin Cash catch up with his parent?

Initially, after the division was announced, Bitcoin Cash traded at a steady 250 dollars. As soon as the fork started, and the network split, the exchanges began adding trading pairs to Bitcoin Cash. As in the case of any crypto currency, the more exchanges are added, the higher the price. BCH was no different in this, when Kraken and Bittrex added the asset, the price rose and doubled to 433 dollars. The fire was already burning when the bitfinex finally switched on the BCH, eventually pouring a gallon of fuel into the pit. The explosion led to the fact that the price of Bitcoin Cash exceeded $ 700, and on Bitrex exceeded $ 1,400, doubling assets again.

Although it is possible to trade Bitcoin Cash, which was listed on the exchanges as a result of the division, it is still impossible to send or withdraw BCH on the exchange to sell it in another place. For example, despite the fact that Bittrex leads the market with the highest volume of trades, the Bitcoin Cash wallet shows how "under maintenance", and it is impossible to invest any coins.

[ghost424]

Maybe because it is one of the starting cryptocurrency and if you started early at something then you might become a basis for others in other things. In cryptocurrency, Bitcoin became a basis of other tokens or coins and maybe this is why the price of bitcoin is so high.

[gudjhonson]

because in accordance with the principles of economy, more and more interest then it costs more expensive. then the less the number of goods available then it costs more expensive, too. It is the basic guidelines why bitcoin price higher.

[RieL]

i think the reason why the bitcoin price is high because a lot of people are buying bitcoin and this is the reason why the price is so high the more the demand the higher the price will get and also their is a lot of people want to buy bitcoin but the bitcoin is few so thats why the price go higher

[ChrisD1976]

Everybody in the world has heard of bitcoin.  So it the  popularity of the coin. And the prize wil be higher.

[HybCZ]

Everybody in the world has heard of bitcoin.  So it the  popularity of the coin. And the prize wil be higher.

Of course, we all hope in this. And the more new entrants the better for us long-term holding

[Jashhh]

Do you think this price is high? Can it be higher?

Even now price is still low. I bought my first bitcoin when price dropped from $20.000 to $17.000 in december.

[Morphling]

it wont wait for a long time, maybe just several months, you will think 15K is so cheap, and you can never buy a bitcoin that is lower than 30k

[profit-shooter]

The price of bitcoins is determined by its demand and quantity. The higher demand - the higher is the price.

[Jarx]

The price of bitcoins is determined by its demand and quantity. The higher demand - the higher is the price.

You're right. But not in that very situation.
This price has been built by the cost of mining. Some people are spending tons of money on that kind of farms to mine some Bitcoins. That's why that coin is expencive. Just imagine that you have to pay thousands of dollars or euro just to get one or two Ethereum (and you can't be sure if you get that ETH or the Jack from the parallel street who also have his farm). That way the price for ETH will jump on the moon and fly to the Mars.

[HybCZ]

Do you think this price is high? Can it be higher?

Even now price is still low. I bought my first bitcoin when price dropped from $20.000 to $17.000 in december.

I bought when the BTC was around 3000 but when reach 4900 I sell a half of it because I thought the price would go down: D and then it grew incredibly and I bought for higher and higher price.

[axiline]

Friend, when bitcoin cost $ 900 I thought its price is very high. Do you understand? I think the price of bitcoin will be about $ 100,000 by 2020.

[Streets 2.0]

Happy New Year everyone! The question "Why is it so expensive?" Or why such a high price is set by those who do not have the money! "" My brother told me recently. "I do not agree with him, but the price here can not be fair by definition. I watched the dynamics of recent days and thought that psychology a strong factor in any trade, and since we have already taken 15k, we will soon reach this psychological level. "In January, everyone should purchase - that's what I think.