Why is the price of bitcoin so high

[kphonetic]

Due to Bitcoin's high demand, therefore Bitcoin's price is also high.
This is absolute, even for offline assets though. And again because Bitcoin is not dikendlikan anyone.

[steinkopf]

I think that the price of bitcoin will be much higher soon. People learn about the crypto currency and start trusting it more and more. This makes bitcoin very expensive.

[hyunee]

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 is the first cryptocurrency in the whole world. It is the first online currency. It is very superior among other coins which exist now in the cryptocurrency world. Whenever people are encountering crypto the first thing that comes to their mind was bitcoin. And it is truly that coins are superior from altcoins.

[numbertech]

The demand of the BTC was high due to its uses now BTC has a wide range of variety that they use BTC as a payment in the real world and also there is a lot of people that invest and hold BTC so in this way the demand was going high and the price was going also.

[thionh235]

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.

[fetokun]

It is due to so much demand of the coin. If demand of a coin surpasses the amount of supply of the coin then the price of that coin will shoot up and that is exactly what happened with bitcoin. The more the prices grew, the more people wanted to get in on it and the more the demand for bitcoin increased that the price just kept going up before the crash in january. It's the same law that governs any asset or commodity

[bangsatloee]

I surmise that is occurring in light of the fact that the cost of Bitcoin depends on the cost of the mining gear and the dangers that diggers are presented to. Simply suppose you are burning through many cash on the homestead and dependably meets a hazard that someone who have the same (or even a littler) ranch may mine Bitcoin rather than you. That is the reason the cost goes quickly up.

[wengden]

YEah! Bitcoin is the Original! Altcoin is just a follower of Bitcoin. All atlcoin originated from bitcoin.
ANd as you can see, Bitcoin has it's own value than the other altcoin.

[ichsan ardi]

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

because it is the first and the beginning. so basicly all coin just fellow BTC. and for price, why BTC is so high because too much trust in that coin, and investor want to invest in a big way for that coin.

[dangcaohung]

The value of bitcoin lies in the majority of people believing its future. But with the benefits that it brings, I really do not find it worthwhile, so I think the current price is high

[atupolev]

I surmise that is occurring in light of the fact that the cost of Bitcoin depends on the cost of the mining gear and the dangers that diggers are presented to. Simply suppose you are burning through many cash on the homestead and dependably meets a hazard that someone who have the same (or even a littler) ranch may mine Bitcoin rather than you. That is the reason the cost goes quickly up.

If the mining reward continues to decrease, which it does, then in order for it to stay profitable, the price of Bitcoin HAS to continue to rise. What happens if it doesn't. I understand many people will continue to mine for the sake of the technology, but most won't, I'm guessing. This would slow down the network, and cause Bitcoin to be less appealing to use, driving down the price, and starting a downward spiral.

[Pappy_1_]

The price of bitcoin is dictated by the demand. The more people buy bitcoin - the more its price. In addition, every day more and more people who start using cryptocurrencies. Bitcoin is the first cryptocurrency known all over the world. To buy altcoins, people must first buy bitcoin or ethereum.

[oludare1]

Media Influence - the media hype at times can lead to increase in price
Stability of the Bitcoin Network
The Bitcoin Demand and Supply
Wider Mainstream Acceptance
Large Businesses Dumping to Fiat Currency
Technological Changes and Innovations
Market Manipulation

[aspalela]

Increase in bitcoin price is indeed a very good idea, because if the price of Btc keeps decreasing at zero, it is possible that Cryto will be extinct later, if Btc keeps increasing, of course we will get bigger profit, especially for us who have bitcoin, many people who previously did not know about BTC want to invest now, which in turn creates high demand, which increases the price because the number of BTC is limited.

[KseniaLard]

Demand and supply actually all comes down to this. People are willing to pay more than 8,000 dollars, so how much it costs.

[lllaqpt]

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 is the basis of the entire market and despite the problems that are now easily solved in several altcoins, it is quite popular and has very good support. Therefore, even though it is expensive enough to invest in it, but it will bring in profit, if successful, much more of any altcoins and the risk seems to be justified.

[air_droper]

now the price of bitcoin is not so high. but this only now. I think we will see a price above 20000 in the future. bitcoin will definitely stabilizes and begin your climb to new heights. we just have to be patient. buy bitcoin now and wait.

[sebinator]

I do think it is due to high demand in the market that causes bitcoin's price to grow even more. Bitcoins potential to grow is seen already that is why it hooked to many new comers that wanted to engage into bitcoin.

[Goodday]

the bitcoin price is very expensive due to its many bitcoin enthusiasts and very fluctuating and has a high enough fluctuation to generate high profit.

[SimasB]

the bitcoin price is very expensive due to its many bitcoin enthusiasts and very fluctuating and has a high enough fluctuation to generate high profit.

It all depends on demand.