Why is the price of bitcoin so high

[ozgurk]

what do you think, is this price high? You are the new one in market. Trust me, price will be higher and higher every year. Bitcoin will be much stronger in a long time.

[rinkeshkashyap01]

Bitcoin is the first choice of everyone.People have trust on Bitcoin because it is a legend with 8-9 years experience of up & downs. And you can not imagine crypto world without Bitcoin.
There are many places in world, where you can buy goods by Bitcoin.
It has very limited supply of 21 million coins and from them only around 17 million available in market.  And if you want to buy some other coin, you buy bitcoin first.
So due to low supply and high demand the price of Bitcoin is very high.

[nawaki]

Most people buy and hold Bitcoin.
its's value increases depending on costumer demand,
that means many requests are centralized into bitcoins.
so day by day the value of Bitcoin is increasing.
Bitcoin is the first digital currency ever created. satosi launches the concept of blockchain and all Altcoins appear after bitcoin so are superior to other coins.

[paulsen]

The king of the digital currency is Bitcoin and of course the king in the crypto world,
So it is a gold coin. many people start investing or trading on Bitcoin.
But the value of coins on the market depends on consumer interest,
Also in the supply and demand of each coin.
you just need to look for coin information before investing and think what is most profitable before investing.

[ooeygooeygold]

Yes i think bitcoin is the original and the first coin in the crypto world and the amount around the world is limited so makes the bitcoin is rare altcoin is only the little or other coins in crypto that descend upon bitcoin

[Camorra Dev]

Bitcoin price is so high, because cryptocurrencies are becoming mainstream. And I promise crypto will be a market future. Today, Bitcoin is the most known cryptocurrency on the market.

[Valermos]

Bitcoin is a kind of new gold, new measure to invest, save and hold. Most of investors buy it and make its rate high.

[lider1971]

In my opinion with the passage of time the supply will become more limited, and which will even cause increasing of bitcoin price more and more         

[Sanjida]

Bitcoin price is always very high because it is the first king crypto of the world.now someday it's price is low but quickly it's price is so high in the market.bitcoin will be much stronger in a long time.this shows that many people trust and support bitcoin, invest in bitcoin and bitcoin is always the highest.

[Muktar]

because bitcoins are made with a decent decentralized system and limited number of bitcoins that make very high bitcoin prices

[twitami1]

Because he is the first and long remained one . He had no competition, and when she emerged he was already unattainable. But now the price is higher than the chev two times fell from the highest point. It is possible that there will be a new cryptocurrency soon.

[markgayamo]

Why is the price of Bitcoin is so high, just because Bitcoin is the first digital currency and right still number one, even though there is a lot of Crypto coins and Altcoins that wanted to be number one like Bitcoin. The more Bitcoin you buy and hold that surely a big profit for you when the price goes up in the market.

[Jangangyn]

The price can not be high or low, it's all relative. The price is set by market participants and it changes all the time.

[InfiniteGrim]

From the time of november, when the thread was created I agree, price is going higher now. The concept of supply and demand affected pricing         

[Grishanya1234]

I believe that bitcoin was the very first cryptocurrency and therefore the price is so high, but no one knows what will happen tomorrow and whether it will fall below all currencies, because the market at the moment is not very stable.

[Crazygreek]

People want bitcoins because of hype around it. As far as i know price should start increasing very soon because of increasing of demand on bitcoins. Just wait for it!

[mahesh87]

Bitcoin is the first cryptocurrency.More people trust bitcoin & people are willing to buy bitcoin, so bitcoin has good demand, that is way bitcoin price is very high.In future bitcoin price will go high.

[george_hured]

Do you think this price is really expensive? I think that now is a very cheap price, in order that you have the opportunity to buy at least a bit of bitcoin, because after a while you will no longer have such a good opportunity, I think that in 6 months the price of bitcoin will be about $ 20,000 so to speak now that the $ 8000 price is expensive, I think it's pointless.

[Melnikof]

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 in future it's demand will increase more and more, because the bitcoin popularity is continously increasing for this days

[gendang_cinta]

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

hello, actually not because bitcoin is the original coin but because most people are still using bitcoin, because we know that what determines the price is the volume of the coin transaction itself and now its highest volume is still on bitcoin hence the most expensive price