Why is the price of bitcoin so high

[Chirs]

Bitcoin prices are getting higher nowadays, as market purchases of bitcoin outweigh sales. Especially with the entry of many large investors who dare to buy a high price, would also impact the increase in bitcoin prices and coupled with the limited number of bitcoin.

[rizqillah]

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

In my opinion the reason why the price of bitcoin is so high because bitcoin is more popular than others.

[RAMZA]

I do not think that the price is high, it can be even greater. How to determine how much bitcoin should cost? If it is bought for such a price, then it is normal.

[Guli]

It is so high now, one of the reasons can be caused by demand. Bitcoin on all social networks. Almost all speak about the huge profit in bitcoin, and suddenly almost all people want to have BTC on the purse. Another - BTC widely used in trade in altcoins.

[Zaidaskin]

If I think why bitcoin prices are increasing from year to year in because one of the reasons is, because bitcoin is more and more demand that is accompanied by the development of this bitcoin itself is growing rapidly, and bitcoin users always increase in every country in the world.

[Chelovek789]

The very first coin with which it all began. The number of coins is limited and it increases its value.

[MadeinCoin]

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.

I think Btc first appears can not be prioritized the reason the price can be high. If from my view, the magnitude of market demand, and the amount of investor interest in BTC, can be used as the reason the price is higher. Moreover, BTC only limited about 21 million BTC.

[dewanaga]

The very first coin with which it all began. The number of coins is limited and it increases its value.

indeed yesterday bitcoin exceeded the price limit,
and this time bitcoin down almost 50% throughout the year,
maybe the price will go back, if there are many offers

[Revolvere]

Many things that affect the increase in bitcoin prices one of them because of the increasing number of enthusiasts or users of bitcoin and also the number of people who invest in bitcoin, this making the bitcoin prices higher. When viewed, this bitcoin can be in like gems , many people are interested then it will be more valuable and the higher the price.

[eriwis]

What I am getting from some sources, that bitcoin prices continue to soar because the level of confidence bitcoin as an investment alternative is very high, so the demand for bitcoin is very high. The more demand for bitcoin results in bitcoin becoming scarce and the price will rise automatically.

[4garret]

As we know that the value of Bitcoin is very volatile. Fluctuating Bitcoin prices are influenced by market demand where when more purchases occur then the price of Bitcoin will soar, vice versa. The cause of Bitcoin price is higher because every year Bitcoin users are increasing.

[lena1]

Probably because it was the first coin from crypto currency - the pioneer, that's why there is such a price!

[bellakrstna]

Maybe it is because bitcoin is the first Cryptocurrency in the world and altcoin just the other crypto that appears after bitcoin.
So for now, bitcoin is so popular and many investor used bitcoin. That’s why bitcoin price is so high rather than altcoin

[Danglen1010]

The reason why the bitcoin is so high is because of the high demand it haves.
The massive support of the public gives the company more investments that they can used in their operate resulting to a high market value.

[Brunoaoi007]

I can not explain why the bitcoin price these days is for a high price value even if it has a lot of trials for bitcoin now there is a problem about bitcoin replacing the new cryptocurrency bch.
But bitcoin continues to increase the price value in marketcap, I think this is proof bitcoin is the highest strongest coin and has more demand in the market that's why bitcoin keeps on increasing. And also bitcoin is becoming increasingly scarce now, so more demand than suply, it also leads to higher bitcoin prices.

[yhnshjka]

Because of the extensive media publicity of bitcoin, many people have been aware of it. When prices started to rise, bitcoin attracted a lot of speculators. So it's driving demand for bitcoin

[chengyinoing]

The high price of bitcoin is driven by the demand of the market. More and more people accept and use it. That's why the price is getting higher and higher.

If people aren't so crazy about bitcoin one day, its price will get lower and lower.

[Kennedy3950]

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.

[Konyox]

Bitcoin's price is affected by activies in the crypto world, specifically the law of demand and supply. If bitcoin's price increases, that means that its demand during that time is high, and if it is low, there is probably a new fork etc.

[imToken]

Friends, I don't think Bitcoin is very expensive. I think his price may be higher in the future. This is a very normal phenomenon. Bitcoin now represents the entire cryptocurrency.