Why is the price of bitcoin so high

[amanarora_1]

Relly it's stupid one....hehe jokes apart! Bitcoin is a that coin with which a cryto world create and everyone taking interest in this world. It is the original one, so its superior. The main reason of Bitcoin price is high is- bitcoin is nominated worldwide and is acceptable at most places. Bitcoin is king of crypto world. Everyone is depend on bitcoin price because whenever Bitcoin price raises, other coins price also raises and when Bitcoin price goes down, other coins price also gone down!

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[zerocashdev]

Because this is the first coin in which people really believed and began to invest money and now the btc is strengthened in the market and will not go anywhere!

[xamil]

Well, bitcoin price is higher than the other altcoin because the demand and supply of it is more than other altcoin, and besides, bitcoin is the first altcoin and many people investing on it, even the price is higher they choose to buy bitcoin than other crypto currency.

[KseniaLard]

Like shares, I think that one of the main reasons is that there is a limited number of coins. This, combined with increased speculation and the introduction of BTC, leads to a sharp rise in prices.

[nezzard]

There are so many reasons that we do not even know about. But since the popularity of crypto currency is growing, our bitcoin will also strengthen its positions)

[soname12]

if I think why bitcoin the high price is because of the many who use and who invest as well, that's why the more that invest the bitcoin price will also have a big value too

Not necessarily. There are now a lot of people investing in bitcoins, and as you can see, the price of bitcoin is decreasing in the recently. The simple reason that bitcoins increase is that whales pump money

[auy]

Because it has become the most important trend in recent years, everyone is talking about bitcoin. Many people think that 1 bitcoin can cost a million dollars and buy it. Personally, it seems to me that it will not cost more than $ 100,000.

[Halbert]

Because this coin was the first which seized the market, and people began to be interested in the topic of crypto currency and invest, and it was possible to invest mostly only in bitcoin, so this price you can see now.

[Rutdam]

Because this coin was the first which seized the market, and people began to be interested in the topic of crypto currency and invest, and it was possible to invest mostly only in bitcoin, so this price you can see now.

It has also the biggest user community.

[strelok25]

The price for bitcoin is high because bitcoin has a very high demand from investors in the cryptocurrency market, bitcoin has a limited amount of coins and all market participants want to buy bitcoin, also the complexity of bitcoin mining is high and large computing resources are required that affect price of bitcoin.

[Citataw]

I believe because bitcoin is widely distributed around the world and many people invest their capital only in bitcoin.

[tresbien21]

Bitcoin is the father of crypto currency. Without bitcoin, crypto wouldn't exist.Therefore the price of bitcoin is high due to more people investing on bitcoin over altcoins 

[DanWalker]

As for me, today the price of bitcoin is still very low. I'm sure that it should be much higher, because Bitcoin is already recognized by the whole world. This means that the crypto currency becomes part of the world and must be very expensive and in demand.

[Chulahk]

Bitcoin is the father of crypto currency. Without bitcoin, crypto wouldn't exist.Therefore the price of bitcoin is high due to more people investing on bitcoin over altcoins 

Indeed. Bitcoin is the first ever virtual currency and the topmost leading coin ever since then. Maybe there are days that its value drops, but still it do its job and to get back more prices back. BTC is well-managed, well-established and well-organized coin so there is no doubt that it can faces any crisis. Consistently, still the Bitcoin is the number one leading coin in the cryptocurrency world and for sure for incoming months and years to come. Trust, help and support this coin and expect something good will happen and come.

[Omooba098]

The price of bitcoin is so high because bitcoin is the most powerful decentralize crypto currency. This is the king of all crypto currency why people prefer to buy bitcoin . People accepts bitcoin in many country wherein some people are not aware in altcoin.The price of bitcoin is so high because this is the first crypto currency. It's price are so high because of it's demand that caused of fixed supply.

[Angelina Jolie]

Because it is very popular now. Everybody wants to become millionaire for a few years. But I think that bitcoin will not grow much anymore.

[Spice_Joy]

It's because he appeared first. Perhaps those who created it, or those who go in by drawing in its growth - specifically in this way affect its price.

[starplaks]

There was a time when bitcoin was good in price, but now that it lost its price due to massive sales!

[Redhead5]

I believe because bitcoin is widely distributed around the world and many people invest their capital only in bitcoin.

I think due to its high demand and low volume scattered throughout the whole world is the one reason that makes bitcoin price so high compared to other cryptocurrencies. And for being a leader in cryptoworld in terms of its popularity and benefits that some of the big whales greatly believing it.

[phpartisanmaster]

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

The price of bitcoins today is very due to the demand in the market and as a trader, i can use the volatility of the market in order to earn more profit in the future, that is the reason why every traders are earning a huge amount of profit.