Why is the price of bitcoin so high

[jsscswan]

Bitcoin is the first digital coin that is decentralized, well structured and has an anonymous nature. That is why bitcoin prices can be more expensive than altcoin. But I think the price is very worthy of bitcoin because bitcoin becomes the first kind of light in the darkness of the cryptocurency world.

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[Balab01]

well now everything has changed a little, on the dump almost all altcoins along with the old good bitcoin. But soon the coins will start to level up.

[CoachCarter]

The reason behind why the price of bitcoin is too much is because of huge demand and support they have from their services in the public market.

[Streets 2.0]

There seems to be a revival: I'm sure that soon we'll see 10k for bitcoin and 20k for bitcoin, and by the end of the year 35-40k! People who bought at the level of 6-7k and now sit quietly - will get maximum profits and a minimum of damage to their nerves! %) I think until the end of February we'll hang out in the corridor 8-15k for bitcoin. Crypto currency has shaken - as soon as the community recovers from this it is not clear. In general, taking into account all the reforms and increasing the participation of states in the process as a whole, we can say that a new stage has come.

[minivan]

I also think that bitcoin will grow very much in value. A significant amount of unpleasant news is left behind and investors are back. Now, on this wave, growth should begin

[Xtra_Coin]

Bitcoin is the first coin created based on blockchain technology. The first crypto currency, which was backed by money (although at that time it was a trifle). All that appeared after the coin were just followers of Bitcoin.

[bembi]

Soon bitcoin will be released on large American exchanges, and then absolutely other money will flow into the crypto currency. I think in the coming years Wall Street will change

[bitzizzix]

Basically right now almost nobody is buying bitcoin for its usage like it was meant to be, everyone is buying it now for a  quick profit.

I think because of the rapid development and changes that make bitcoin value high, because of the high bitcoin value they choose and the more people who choose the value will be higher. and bitcoin is a quick way to make big profits and make people want to buy or invest. so they will race to get bitcoin

[Moblie_Legend]

I also think that bitcoin will grow very much in value. A significant amount of unpleasant news is left behind and investors are back. Now, on this wave, growth should begin

it is absolutely true that the bitcoin will grow by itself. because the number of enthusiasts and those who invest in the bitcoin that causes the higher bitcoin prices and also valuable

[RokokGudangGaram]

if I think why bitcoin the high price is because of the many who use and who invest as well, that's why the more that invest the bitcoin price will also have a big value too

[colvis]

Bitcoin is the father of all cryptocurrency, so also know that the prize will always be higher than that of altcoins.

[Stellina]

Now the price of bitcoin is very low. I think we'll see 50,000 by the end of the year. He was the first and he is on everyone's lips. Therefore, it is more trusted by most people.

[haster100]

Becaues many investors are coming in,the more investors the more money will BTC's aquired the more price it will go up.

[abnoy]

i think because bitcoin got many investor in crypto currency and it become popular than other coin i think that the reason why bitcoin price is high

[khalifa25]

  for me  the price of bitcoin is 50k to high But most importantly they share my interest and gladly make their predictions "from the ceiling." In any case, it's fun especially when everyone to their predictions adds more to the analyst and the answer to the question why he thinks so

[wel24]

Because bitcoin is globally recognized throughout the world and that way many investors adopt it and  invest their money instead of putting it in the bank.And the demand of bitcoin makes the price soo high and of course the low supply the big possibilities to make its value grow up.

[arpaul]

BTC was the first coin that made the breakthrough and raised itself in the crypto industry. Its blockchain has a limit and with each block mined a difficulty for the miners gets to a new level. Because of that Bitcoin price rises. 

[mrPix]

In my vision the reasons are following:

1) bitcoin is the first popular crypto,
2) involvement in something separate from the government (ideology and kind of faith),
3) taking part in the economy evolution,
4) earlier  used among dark stores primarily, what, as I suppose, gave promotion to current popularity.

[lyndon30]

The high rise of bitcoins is attributed to a simple economic theory of demand and supply, So many investor getting into this thing, Now more and more are interested in bitcoin.

[berlunberg]

Of course, the first reason is the acceptance by Japan in spring 2017. However, this is not the only reason. BTC really develops and solves it's problems (lightning and speed of transactions as example) and this is why inestors believe in this coin.