Why is the price of bitcoin so high

[Maian]

Bitcoin is representative of the whole crypto industry. So if you ask someone about bitcoin don't even understand the cryptocurrency they call bitcoin. Therefore, all invest in it. And the fact that basically all pairs are traded via BTC so even if you want to buy altcoins you first need to buy BTC.

Yes we all know that bitcoin is the first than altcoin but the reason why the bitcoin rise the price because the investor and the user.

[Jarx]

I think that is happening because the price of Bitcoin is based on the price of the mining equipment and the risks that miners are exposed to. Just imagine if you are spending dozens of money on the farm and always meets a risk that somebody who have the same (or even a smaller) farm might mine Bitcoin instead of you. That's why the price goes rapidly up.

[emma46]

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 bitcoin's price is so high simply because it is one of the most used cryptocurrency all over the world. Perhaps bitcoin reached that status because of age, since it has been working fine for years now, so people prefer it the most because they feel a sense of security that bitcoin will not just disappear.

[trouble401]

At a very basic level, supply and demand along with network effects.  Little supply, exacerbated by the fact that no one wants to sell it.  It also has the most users so the network has the most value of all the coins.

[Streets 2.0]

Correction - growth - correction. Approximately so it is possible to characterize a situation which we observe in the markets кpиптoвaлют. The forecast in such conditions is a dubious business, however, why not? I again argued with my friends for the whole year so that at the end I could take stock and pay the prizes! My rate on the price level in 40-45k on December 25-31, 2018! If there are willing you can write me a personal message - I'll bet you too! It's fascinating!

[Latviand]

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

the price of the bitcoin is so high and i think that it can be in the performance on the industry and in the economics.bitcoin and altcoins are far away if you compare the bitcoin is at 15,000 $ while the altcoin is under 1,000$ i think it is because the bitcoin is known by many countries and are more user that used it and more and more new comer that want to invest it. and i think advertising in the social media has a great effect on the bitcoin wht is it expensive

[Streets 2.0]

I decided to conduct a poll on my favorite topic: "Why is the price of bitcoin so high?" The survey will be held by schoolchildren, students, working youth and people of mature age. I plan to involve more than 1,000 people in the research. The results will be published in the topic and I hope they will be interesting to you! And now here's what: I read recently an article about the risks associated with crypto-currencies. I laughed for a long time - one thing when you invest millions of dollars with a lot of risk and, of course, you are nervous. Another is when you are plankton and just starting your investment business. In that case, especially if there is no money at all and the desire is more for everyone to go to bounty. : P

[Shpongled]

First mover advantage - but the gap will close if some fundamentals won't change (eg. as long as there is no LN)

[mjnick01]

The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first BTC futures products. CBOE Global Markets and CME Group are launching new futures contracts on December 10 and December 17, allowing investors to go long or short on bitcoin. This ability makes bitcoin far more palatable to big investors who are currently flooding the market to make profits if and when the bitcoin price falls.

This move also legitimizes bitcoin in Wall Street’s eyes, an important point considering cryptocurrencies are still suspect.

Further growth comes from the “bitcoin as a store of value” crowd. This group of enthusiasts bought and held bitcoin and will not sell it at any current price. More and more bitcoin fans are entering into this group and they are driving up demand increases. In a world where people expect bitcoin to be worth $1 million soon this sort of activity – whether rational or irrational – is quite popular

[arielman]

Being the first digital currency it is the most reliable. People have become confident that this currency will have a future, they have started to invest and thus have increased the price of bitcoin.

Maybe because is the original one, the first digital currency is superior to the others, but still, I think it is a matter of time for smaller currencies, at this time, with a stable project back, to grow a lot.

[real eyes realize]

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 has an incredible price, because it is the first coin. The demand for it is really high and with the rising buyings, the price is rising. The popularity of bitcoin is increasing day by day and it causes price to rise.

[Iyhen]

Bitcoin's value is incredibly increasing. It is also the first cryptocurrency or digital currency ever built as far as i know. It's value is already high and still increasing because of it is reliable that many businessmen were already investing here.

[Patadong]

Because bitcoin is in the highest stronger coins and have more demands in the market, that's why bitcoin price is so high.
and also bitcoin Is the first crypto coin so bitcoin price  becomes more expensive.

[Danica22]

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

It's not that complicated, all around the world, people are buying itcoin because they think it's a great opportunity for an efficient investment.

They keep demanding it, hence the price of bitcoin is booming as a result.

Yeah I agreed to you... the people wants to but bitcoin its getting more popular and the holders is getting increasing day by day...

The supply is limited this is the problem in the future.

[toplancer_team]

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

Now news about bitcoin spread around the world.. so demand is high.. so its value will continuously increasing..

[SenSeiSoKo]

Because so many people are buying bitcoin at the moment... some for buying altcoins some just for hodling bitcoin... there are many good coins and tokens but nobody knows

[ferrybitcoin.1996]

Bitcoin is pioneer of Cryptocurrency, combine Cryptograph in Currency make people can have their money safer and their circulation is ;imited. That is main why their price so high until today

[moni44]

i think bitcoin is a original in cryptocurrency. and the other like altcoin is just following a bitcoin to be a success cryptocurrency. and the price of bitcoin is depend of people who invest into bitcoin. in 2017 bitcoin growing up so fast and make people interesting about bitcoin and make the price so high more then the other cryptocurrency.

[gdmbd_x]

Lets just say that Bitcoin is the king of all coins,  it is superior so thats why it has higher value than any other coins. 

[Streets 2.0]

The price of bitcoin is looking for a bottom. I am sure that it will be an amazing surprise for many investors who decided to buy at levels 15-17k in the hope of further growth. I think that the market is looking for support and soon it will be found - the coin is undervalued and will necessarily show new highs this year it is only to be patient and wait. In addition, all markets kriptovalyut in recent weeks have shown negative dynamics. There are a lot of factors.