Why is the price of bitcoin so high

[Renu kapoor]

Bitcoin is known as cryptocurrency as common people understand and this is the coin that is required for exchange of most of the coins, in other words you can say this coin is original and the main coin of the market, its supply is not very big but demand is very high and so its price is high.

[abztabz]

i think because bitcoin its very popular in crypto currency and most people invest it and thats why bitcoin price is so high

[kirana08]

In accordance with the economic principle, when a cryptocurrency rises in price, it means the quantity of demand for cryptocurrency is greater than the supply. Throughout the year 2017 Bitcoin prices have risen more than 700% which means there is a huge demand surge on Bitcoin. Here are some of the reasons underlying the rapid growth of Bitcoin demand

[kaeluxdeuz]

Well Bitcoin not only is the no1 coin in the market because of it's market value and price but it's also no1 in supply and demand. This is why it's so expensive.

[boss82_big]

Since BTC is the king of the market and takes a large percentage of all coins, it is because of this that it has this value, and it is due to the fact that it is limited in quantity

[Kupid002]

Since BTC is the king of the market and takes a large percentage of all coins, it is because of this that it has this value, and it is due to the fact that it is limited in quantity

and this is the only coin that may have been lead a lot of times and most trusted then this is what may people may adapt for to have their profit and make more so they may put their trust for were this is more able to have a lot of money for.

[StacyKo]

In accordance with the economic principle, when a cryptocurrency rises in price, it means the quantity of demand for cryptocurrency is greater than the supply. Throughout the year 2017 Bitcoin prices have risen more than 700% which means there is a huge demand surge on Bitcoin. Here are some of the reasons underlying the rapid growth of Bitcoin demand

What do you think about the BTC's price in the future?

[Xioma]

Also worth mentioning that bitcoin is pretty much the most popular coin out there.

When people (people who don't know cryptos at all), think cryptocurrency - they think bitcoin.

[Streets 2.0]

Yesterday I met friends, one of my friends bought on the wave of silly moods about the endless growth of bitcoins at the level of 17-18k, now he curses all those who advised him. I by the way did not do this! : The whole point is that there are so many people like him - for them at any time the phrase "oh what a high price!" can become relevant and meaningful. The joke is that everything here is subjective as in life. It's time to rename the topic "Why so little?")

[Kamelia]

Because bitcoin is the first. It will be the most expensive of all crypto currency. although there are many altcoyins that technologically excel bitcoin. But bitcoin is like digital gold.

[Streets 2.0]

Once again I decided to reflect on the relevance of the proposal to rename the topic. I came to the conclusion: there is no need. Because we are seeing a multifactor reaction of the market to everything that happens. So many different news, the main of which - bitcoin went below the level of 10k is already a signal and adds pessimism to the overall picture. In general, it is a good opportunity to wait for the bottom, where you can buy well and forget until the end of the year! The price is beautiful!

[trudovik]

I think that today the price of bitcoin is not as high as it used to be. Personally, I bought bitcoins now, because I think that in the near future the price and bitcoin will be very expensive, But this is only my belief.

[Streets 2.0]

I think we can see this year both the historical maximum and the historical minimum of the bitcoin price. These levels have absolutely nothing in common with the objective price - here everything becomes so subjective and unpredictable that it is simply breathtaking! Markets are shaking with pessimism, investors are in a panic, speculators are ready to work! The year begins as always interesting!

[bitcoinFPT]

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 bitcoin so high because of some reason:
- Bitcoin is the first crypto currency so it receive a lot of investment
- Nowaday  some country use bitcoin for daily transactions, accept bitcoin as a payment
- the bitcoin's price is raising stable

[O.capan]

Really that's all that's driving BTC price up right now

[Streets 2.0]

Well, have you prepared your money? The bitcoin course goes down, the 10k level is passed and now we are somewhere between 8k and 9k. It seems to me that soon it will be possible to start buying so that the nerves remain unscathed. And if someone wants to be hot - just put a stop-order for a purchase at 5k and go to sleep Why is the price of bitcoin so low? ^_^

[summonerrk]

in fact, if you take all the money from the world and figure it out bitcoin and other crypto currencies, then we get what the price of bitcoin really is now absolutely tiny to achieve it can prices of several hundred thousand dollars

[Jaemouns]

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 price was so high because it is the first cryptocurrency that leads all crypto coins for the past many years until now.That's why it's value price gap was a very big difference of all altcoins right now.It creates a big impact to coin market specially for all people who makes an earnings of bitcoin.

[RockHenki]

I think today bitcoin prices are not as high as before. This time it's good for me to invest bitcoin because Bitcoin is the first crypto currency so it's getting a lot of investment. Currently some Bitcoin countries use for daily transactions, and accept Bitcoin as an item pay. I think in the near future the bitcoin price will be very expensive.

[bobinder]

Bitcoin is mother currency of all cryptocurrenies so when ever you want to buy any other currency you have to buy Bitcoin First so thats why bitcoin rate i always high.