Why is the price of bitcoin so high

[Everict]

Bitcoin is most known coin in terms of cryptocurrency, i think people who are unfamiliar with the term of crypto are associating them with Bitcoin. So in my opinion most known crypto will be most popular and people will want to get it. Also they know they can get easy profit with it, as the price isn't really stable and if they know what they're doing, they can buy cheap and sell expensive.

[Apaxy]

Bitcoin is most known coin in terms of cryptocurrency, i think people who are unfamiliar with the term of crypto are associating them with Bitcoin. So in my opinion most known crypto will be most popular and people will want to get it. Also they know they can get easy profit with it, as the price isn't really stable and if they know what they're doing, they can buy cheap and sell expensive.

did just that today the price has not reached the maximum, which everyone is waiting for it Bitcoin. Apparently due to some large whales the price goes down again, and this is the first reason for the panic in the market.

[bright07]

Bitcoin is the founder of crypto currency. People like it and buy it. It can be exchanged in any currency where ever and whenever we want. Its demand is increasing day by day and it's rate is getting high.

[JeromeL]

Bitcoin will always have a price higher than all other coins due to the fact that it is the very first crypto currency with its unique technology. Everybody knows him and he has the greatest confidence from people.

[shelimy]

Bitcoin is priced high now as traditional investors are turning to investing in crypto and especially bitcoin. This causes the bitcoin price to increase continuously. In addition, the amount of bitcoin is very small, so it increases the bitcoin's value.

[numbertech]

In the future, BTC is going to be higher still. But the reality is BTC is not high or expensive at all. BTC is the best money there is and there will be a lots of interest in BTC in coming years. Once people can see BTC for what it is, there is no telling of it's growth. 

[mercer007]

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.

[tresbien21]

It is because Bitcoin is the first cryptocurrency that has been launched.  The total supply of the coin is quite small and also its becoming very popular all over the world.

[Viecoin]

Imagine when the whole world is using BTC and celebrities are not happy with only holding 1 Bitcoin. Proof of work is awesome for Bitcoin and to a certain degree the price must be influenced by the price of the equipment and electricity.

[yahata149]

I think the price of Bitcoin is growing because of the influx of more and more new investors. Look at how many new crypto-exchanges are opening, how many new ICO projects. Cryptocurrency audience is rapidly increasing. Everyone wants to make money on nothing.

[Mrbee]

There different criteria for evaluating the coin on the market. You can`t really pick out one and say that is the reason, well you can, but it won`t be precise. That is why I`d say it is a combination of such factors: the originality, widely-spread in use, popularity.

[badykvik]

The price of bitcoin is so high because it is be best coin, it is the mother of all other coin. Altcoin are generated from itcoin. The price of bitcoin will be high because it is the most accepted coin and has a large community, there are many companies that accept bitcoin as a means of exchange or it can also be used for trading. Most altcoin even use bitcoin for their exchange.

[msycitizen]

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.

[denysrodman]

No matter where the market goes short term, we are pretty sure the long term the price will be always growing and here is why:

1. Limited supply - By 2032 99% of bitcoin will have been mined
2. Huge amount of bitcoin is lost. Nearly 4 million bitcoins have been lost forever, study says
3. Limited amount of sellers. To sell something you must own it in the first place
4. Unlimited amount of new buyers. The speed of the buyers depend on the HYPE and FOMO.
5. Huge amout of bitcoin is stored and not traded. Satoshi is sitting on 980,000 individual Bitcoins - it belongs to Bitcoin’s mysterious founder, Satoshi Nakamoto.

[Vaiper]

All investors are interested in its growth and support its development. Bitcoin is the first in crypto. because many market demands are too high so Bitcoin prices continue to soar. No one can outrun it in popularity or in price.

[Crazygreek]

Bitcoin was the first cryptocurrency and people trust on it, that's why price is so high. Unfortunatly price stucked on $9K nowadays, but it will recover with time.

[zenman0]

Why do you think that the price for bitcoin today is so high? I think on the contrary that bitcoin should cost far more than what it costs now, so this is a very unclear question.

[$Darkloard$]

Now, several large institutional players fill the network with new money and it looks like market manipulation. Now that bitcoin futures are available, pre-purchased futures, you can generate a huge number of transactions for the purchase and sale of bitcoin to provide such deviations in prices that will be beneficial to your futures contracts ...

[annmhie0904]

Because bitcoin is the most demand coin here.
Also, all cryptos depends their exchanges to bitcoin.
Bitcoin is the pioneer of crytp world. So I believe bitcoin will be most expensive at all.

[NORD YGGDRASIL]

The price of bitcoin is so high because it's all the incredible size of bubble. I think that in the history of mankind there was nothing that could be compared in scale with bitcoin.