Why is the price of bitcoin so high

[sevtan74]

Bitcoin is the first cyptocurrency and is still the leading one hence it has a very high.
It already existed in the market years prior to the rise of the other altcoins and all cyptocurrencies somewhat owe it to bitcoin.

[ostsee77]

It seems to me that the price of bitcoin is so high due to the technology of the blockchain. This technology can become very useful to society. And now people understand the value of crypto currency and want to buy it.

[Kieran Thomas]

The value of bitcoin in the future is brighter that has great investment and trade becauae in return we gained high amount of profit.The prediction is also positive about bitcoin and every year bitcoin has more investors that will going to invest from different countries and the bitcoin value will always stay in high price.

[Fintan Lee]

Bitcoin is unique because no one can replace the high security of it you can't clone it and many coins try to replace Bitcoin but they can't replace it, and this is the first currency that can't trace who is the owner of the wallet who transact.

[Samkol26]

Come on, bitcoin is the first generation of blockchain and it's has been here for a very long time..  That's success for you

[Vyachel]

I think bitcoin is of high value because it came first . I don't see any other reason. After all, bitcoin is used only for speculation.

[jessequick]

The potential price of bitcoin is in seven figure as it is predicted by many analysts in crypto space. The price different you see in Bitcoin vis a vis Altcoin is because Bitcoin is the first, most secure and most popular of all cryptocurrency...

[shtodelat]

Bitcoin is perfect with respect to all existing altcoins, about the price, depending on what you compare its value.

[kusach01]

Because bitcoin is the first. It is the most expensive of all crypto currency. there are many altcoyins that technologically excel bitcoin. But bitcoin is like digital money.

[trindirt]

The less gold resources remain on the planet, the higher the price of gold rises. Similarly, the number of Bitcoins in circulation affects the value of the cryptocurrency.

[edenboy]

According to me it is depend on market demand.
If everyone believe in bitcoin and wants to buy bitcoin then definitely the price will automatically rise.

[BestSSS]

Now the price of bitcoin is far from high - it's time to buy and wait for a profit. Constant swings and fluctuations in prices give everyone a good time to earn.

[Dancing_Lion]

because it is the king of cryptocurrencies and everyone wants to buy it and, accordingly, the price is much higher than the usual expected price

[memFISTO]

probably this is due to the fact that bitcoin is constantly growing and everyone wants to make money on it and thanks to mass purchases the price is growing

[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"

[lythanhbinh]

Based on my research and to what i red Bitcoin raise higher when there's a lot investment in Bitcoin. It's like the greater the demand, the higher thr value

[crossabdd]

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

no problem with your question, but you can see and read bitcoin history from the beginning. because the first time a transaction occurs for a real object, bitcoin is very cheap. 2 pizza pans = 10.000Btc ($ 25), this gives you an explanation that bitcoin is not always expensive. because bitcoin has a history and a long journey. what about altcoin. they are the branches of bitcoin growth. until paired with bitcoin. and the price is below the bitcoin.

[mazezizi]

The core value of Bitcoin is the “first success” of generating an irreversible and irreversible database on the P2P network. Based on this database, features such as domain name registration and securities trading have been developed. When it is needed by people, it will have high value!

[Masyudhi]

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

as far as I know the price of bitcoin can be high, maybe because bitcoin has a good future, many people believe in bitcoin development and keep their assets in bitcoin so that the benefits can be more. even bitcoin has a clear concept and large volume. bitcoin itself is a coin that first appeared in the digital world and has a remarkable history. so do not be surprised if the bitcoin price is higher than other altcoin. maybe that's my opinion.

[DDamiRR]

Cryptocurrencies are traded on exchanges. And exchanges are markets, there are sellers and there are buyers. When the market sells a lot of goods, the price falls. Converselly, when demand is greater, the price increases. That's the answer.