Why is the price of bitcoin so high

[Whichusell]

Bitcoin is expensive because it is a virtual analogue of gold. If the usual currencies can be printed as many as you want, the issue of digital cash – no. Its volume is limited, it is 21 million. And in the next century, "bitcoin mines" will be exhausted. And that means that the coin will only go up and up.

[dimitriaustralia]

450 members and growing! DAG
900 Million coins being offered in Pre-sale
www.bitcoinb.io
Minimum participants 100.
Maximum investment per person $500.
For a $500 investment you will receive 5 000 000 coins. (airdrop participants will receive 5000)
5 000 000 coins will be valid initially in the Pre-sale, Will finally be 3 000 000 once closer to target. @ 50% target 4 000 000 coins.
Must have belief in the project and wish to hold long term. Founding members cannot participate in Pre-sale.
At this point ICO will have a cap of $500 per person for 500 000 coins or less.

What the funds will go towards.
-Organisation to reach ICO (Price of presale at least 10x cheaper than ICO price)
-Creating genesis node of server
-Configuring coin from nano fork
-Android application/ wallet
-Block explorer
-Improvement to current rewards bounty software
-Marketing
-Testnet
-Airdrop ready and airdrop rewards ready
-Portal site
-Growing community and creating community branches
-Content
-Progression

More information:
https://bitcointalk.org/index.php?topic=3124440.0

[FishsHumnsToo]

Bitcoin is first and foremost a means of accumulation. I can also quote Durov that the appearance of bitcoin — " a chance to exit the global financial system from the us dollar hegemony"

[bummm]

i think its because of popularity and demand of it and it has a high value per btc and its getting more attention in many investors to get in there.

Hype plays the main role here. People are excited to hear about Bitcoin millionaires; they are greedy enough and buy more and more BTC to become as rich as these lucky people. At this demand, Bitcoin is growing.

[BlockFolksHQ]

Bitcoin price is so high because it is the first coin who success to introduce to the public and its popularity make more people wan to invest in. Thus the price of bitcoin is getting higher and higher.

[george_hured]

If the price of bitcoin today seems to be big, then after a few months it will seem prohibitive to you, because today bitcoin costs very little, compared to how much it will cost next year. Many people say that it will cost more than $ 100,000. I think that the price will be a little less, but still more than $ 20,000

[bucsren]

Aside from being pioneer on the cryptocurrency, bitcoin is more accesible. It also has more merchants, software and  hardware that supports it. It means has a higher demand compare to other coins. I think Thats make the bitcoin more expensive than other altcoins. However, there are still a big chance of the other alcoins to grow and take over the bitcoin in the future .

[Aum Ram]

Aside from being pioneer on the cryptocurrency, bitcoin is more accesible. It also has more merchants, software and  hardware that supports it. It means has a higher demand compare to other coins. I think Thats make the bitcoin more expensive than other altcoins. However, there are still a big chance of the other alcoins to grow and take over the bitcoin in the future .

Bitcoin is much more common for people who know something about the crypto currency than any other coins, because it is more expensive than all the others. In its development In recent years, invested tens of times more effort than in any other coin.

[yannick225]

What should be the price of bitcoin so that it can be called high? On what parameters to build on to understand its "fair" price and hence the deviation in some direction. But if there are simply abstract figures in it and there is no economic logic behind them that can be traced in the course of time and build their forecasts on it - then all this is pure profanity and it makes no sense to climb into it.
The price of Bitcoin is high and trust me it will continue to increase

[Denigmatic]

Price bitcoin at the moment is the highest. As you know, it was the first. This is the original, and since it became so big because of its popularity, people began to create new coins and hoped that these coins would grow like bitcoyne.

[bitcointodayand]

bitcoin is the first and most popular cryptocurrency in the world. he's the most reliable, the hardest to get. I think that he will stay with for another few years. and there it is not known how the market will behave.

[Testme]

Because bitcoin is the first cryptocurrency that has been created.

I've read about the history of bitcoin hehe  Bitcoin started at the amount of approximately 1USD. The first transaction was that they used bitcoin in buying pizza which is they buy it by 10,000 BTC I think (Which is pretty cool. Because if you buy that btc in our present, you can now buy a house, a car, and a lot )

And because of that there are some people try to buy this btc and some investors are using it in investing (and because of that, the bitcoin amount started to increase.)

So today, the btc amount is now about 9k USD. And still hoping that it will increase to the next months

[RagnarosF]

I think that on a large scale it is because  for the fact that this is the first cryptocurrency, everyone knows about it literally, therefore Bitcoin is a popular

[SGToken]

The price of bitcoin at this point is the highest. As you know it was the first one. It is the original and as it got  so big because of its popularity people started new coins and hoped that these coins would grow like bitcoin too. Bitcoin gained a huge popularity and more and more people started investing in it. Also the quantity of bitcoins is not unlimited which makes it even more valuable.

[chocopapaya]

The price of bitcoin is only perceived to be high.
Actually, it isn't that expensive because you can divide it into 8 decimals = .00000001 (that's called a satoshi.
And right now, one satoshi is less than .01 cents lol.

For majority of btc transactions, you will never use a full bitcoin.
So instead of thinking about the price of one btc, think of it in terms of decimal places and you will realize it is quite affordable.

Thinking this way is important because it can help you realize just how much more potential btc has.
When people are crying that btc is in a bubble and that the price is too high, they are severely undervaluing the coin.

A couple of year ago, there were some people here on bitcointalk who predicted that btc would eventually reach 5k.
Everyone called them crazy.  They said, "now way! The market will pop and such a rise in price would cause a disaster!"
Well, now we are sitting at btc being 9k with an all time high of 19k, 5k for btc sounds crazy cheap now.

So looking at the percent increase and trends in the market, you can expect btc to be worth at least 40k by the end of the year.

when btc hits 100,000 then you can finally start to call it expensive.

[elysion]

Bitcoin is the first crypto produced all over the world. It has a transaction past among the investors. In addition to that, it has proven its credibility for years. Although, it is higher than others, it runs its course own market. For a moment, it has increased over $18.000.

[clarkey2013]

Are you seriously? now the price of bitcoin is very low relative to December 2017, it's time to buy!

[Glorypaasa]

Bitcoin is the first crypto currency so as expected the value of it is more higher than the other crypto, Then bitcoin always a higher demand in the market that is why the price always keep rising and when it come to popularity bitcoin is much more attractive than the other crypto.

[Ludmilla_rose1995]

bitcoin prices are expensive because demand is more than the offer. as we know supply bitcoin only 21 million pieces only, and currently in the market has been circulating 17 million pieces more.
every year the supply of bitcoin diminishes and keeps the price to the moon

[TIDOVEE]

If i may interprete, You probably mean the demand of bitcoin is higher compared to other altcoin.
This is because, Bitcoin started well,firmly rooted in good hands of great investors who has counted the cost of starting it and making it strive as long as anyone could think.
It wasn't structured to be a short time common ponzi scheme seen all around.
So with the way it was planted. It is still the first best which others altcoin follows