Why is the price of bitcoin so high

[Paopao]

in my opinion Bitcoin has the highest demand and the highest investor so the price becomes high. Bitcoin is a low inventory that causes the price to be so expensive.

[Mr.Spreadthehamster]

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

There are several reasons, why it is so.
First of all, it is the original coin and first in crypto.
Secondly, it is like a gold, limited.
And finally, bacause of all these factors it is high demanded, what increases its price.

[Bitze]

There are several reasons, why it is so.
First of all, it is the original coin and first in crypto.
Secondly, it is like a gold, limited.
And finally, bacause of all these factors it is high demanded, what increases its price.

i fully agree. bitcoin is for me the foundation stone of the whole crypto world and will keep the price forever... or just keep rising 

[belalangsembah]

Bitcoin is the first and Digital crypto currency in the world. It is the father of all of crypto currency. Its very expensive coins then others and still increasing the prices. It has huge demand in market and huge investor.

Bitcoin is the best made digital coin. And most people around the world use bitcoin and they invest in it, most of the investors they trust in bitcoin so they make and invest

[Auto9372]

Bitcoin is the first cryptocurrency, and it has done a lot in the past. This is the most reliable coin, and its popularity is gradually increasing.The price of bitcoin is high because more people are investing in bitcoin over the altcoins because the ctryto price is based on the coin demand, so the demand for bitcoin continues to grow, so the price of bitcoin also continues to grow.

[Go jack1]

in my opinion this may be because many developing and even developed countries are willing to accept and legalize BTC so that the positive trend emerges .. and the impact of increasing the price of BTC. or it could be crypto industry is experiencing the best time so that impact on the rise of BTC prices

[xGeraValerax]

The monotype is a physical bitcoin-wallet, which works as a carrier. It can be used for more secure storage of bitcoins or for offline calculations.
The physical bitcoin contains the public address of the coin and the hidden private key. This key and QR code is stamped on a card embedded in the coin and protected by a special hologram that changes its pattern when damaged.

[emoji00]

Bitcoin as it is today is traded everywhere and is a reserve coin in the cryptomarket. The value of the network effect is huge and thus the price is and marketcap are relatively high.

[Nasty23]

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 become high its price because most of the people know it and most of them adopted it that can cause the price increase. It is also the first digital coin that attracts every investors to invest due to its uses and the big possibility of earning a huge profit. Bitcoin also give chance to experience a fast and secure transaction wherever we are that can encourage many people to use this as mode of payment around the world.

[babala]

In past past years, the price of bitcoin was very very low, that time bitcoin is not yet recognized and familiar with everybody. As time pass by, the price become so high due to many people got interested on it and willing to buy it.  By rule of economics, the limited supply which is bitcoin with corresponding many demand or the people willing to buy will result to increase in prices.

[rh72]

I know from news that the price of bitcoin is so high because 2 factors, first there is no value-added tax and second many investors are interesting in bitcoin.

[rozenkreitzer]

I think that this is a temporary phenomenon. It seems to me that in the next two years the price of bitcoin will gradually decrease. Perhaps soon we will see the price for bitcoin about 5000.

[Milana Gerson]

I think that this is a temporary phenomenon. It seems to me that in the next two years the price of bitcoin will gradually decrease. Perhaps soon we will see the price for bitcoin about 5000.

I have the same opinion. Very high price for bitcoin now. Bears can squeeze Bitcoin up to $ 5000.

[Walter789]

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

Yes is it right the bitcoin is the superior compared to other cryptocurrency. Since bitcoin in the first cryptocurrency that invented and it is the king of all altcoin. Bitcoin holds the highest market cap ratings so that it probably the highest price.  And people so many choose bitcoin because they think it is have a great potential to increase  the price in the next generation.

[gawuk]

I think throughout 2017 a lot of new investors enter the field of crypto. Some newly crippled investors will probably start from bitcoin before putting the money on altcoin. Maybe that's what makes the bitcoin request so high.

[ZBer_Cut]

Bitcoin is the best money there is and there will be a lots of interest in bitcoin in coming years. Once people can see bitcoin for what it is, there is no telling of it's growth.

[Bressam]

There are thousands of coins and nobody knows them all. Some people know some coins. But everybody knows Bitcoin. This is the reason why Bitcoin has the biggest value - it has the biggest user base.

[Bilipus]

Bitcoin is very different from gold or official currency, since it is not related to the interest rate. It is more like a payment network, where there is no commission for transactions. If no one uses the technology for payment, its value will be zero.

[Mercedes]

Bitcoin is the first crypto coin also is the king, so bitcoin is the most expensive then others. Then bitcoin lovers or users will be very much, which makes bitcoin prices become expensive.

[victorscrown]

As far  as investors are concerned most of them are interested on bitcoin because they know that the profit that bitcoin can give is higher than any other. It's price  becomes so high because the demand for bitcoin is high and one thing more is that bitcoin is the king of cryptos.