Why is the price of bitcoin so high

[Robin,Hood]

dear friend, bitcoin is the first currency in cryptography and therefore a follower of other coins, so the rest of the cryptographic coins cannot cost more than bitcoin.

several coins cost  more than bitcoin 42 is one such coin https://coinmarketcap.com/currencies/42-coin/
or https://coinmarketcap.com/currencies/project-x/
this might be the most expensive right now https://coinmarketcap.com/currencies/bit20/

Why is the price of bitcoin so high

You have seen nothing yet

[gostop]

Bitcoin was initially used because it was accepted by many merchants and its usage caused its price to rise, but now it can reach such prices simply because of hype! We as investors should be aware of this!

[serejandmyself]

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 people nowadays realize its value and potential, though its high I think it is very much undervalued. Taking into account its limited supply I strongly believe that we all will witness $1kk per BTC before 2030. Only a small part of population know something about it, imagine what will happen when this phenomenon will be adopted more widely.

[Afobaje38]

Because every week new avenues for trading and speculation come online, providing a wider audience with even more ways to trade the asset, helping to boost its success, and also bitcoin is extremely secure, using dual-sided cryptography for each transaction, and there is also only a finite amount ever in existence which is anticipated to bring more investors towards the currency.

[bundjoie02]

i also don't know how to explain why bitcoin price is so high and its value, even if it goes with many trials for bitcoin. Like now that there are issues about bitcoin that replace the new cryptocurrency in the bch.

[Mystogan915]

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 price is so high now because He is the king of cryptocurrency and as you said bitcoin is the coin, the original one, Bitcoin is the most popular and famous coin in crypto world. I hope bitcoin will be more valuable in the future.

[beautifulliar240]

 bitcoin continue to increase the price value in the marketcap, i think this is the proof bitcoin is in the highest strongest coins and have more demands in the market thats why bitcoin keep increasing.

[asdizn172777]

I think it's no secret that there are people who are "greedy" all my life ... They are always small ... Such a character met me at the weekend in the bar. We decided to talk about bitcoin and its price

[minipun]

I think it's because BTC is the oldest coin in crypto . all BTC supply have divided among a lot of people with the time and most of them have small amount of BTC (except whales). so that high demand has given a huge price to BTC

[Kadot amoh]

bitcoin prices are now declining, but bitcoin prices are still stable, bitcoin prices will definitely be stable again, all we have to do is be patient

[stunedi]

I believe that bitcoin has a lot of investors and a lot of popularity, so bitcoin has such a high price.

[profit-shooter]

Hi, its all about demand and offer. As soon as demand will be greater than offer Bitcoin price will be growing. It is not tied in yet to the real sector of the economy and is used at present mainly as a speculative instrument. But we can obtain and earn some money due to this fact!

[aalborg]

To argue about real causes can endlessly. Time will put everything in its place. I think that Bitcoin, during its existence, has already reliably proven itself. Convenience, anonymity and speed of transactions are the main reasons why Bitcoin is expensive. And also Bitcoin is a virtual analog of gold.

[asadovski]

I think, because bitcoin is the main cryptocurrency in the top of list. Nothing else.

[ps]

Well, as per me there are two factors basis which price of Bitcoin is getting determined

- First the Supply of Bitcoin is limited to 21 million and yet all bitcoins have not been issued in the market which surges it's price. Apply the logic of price of a Diamond here. We know that supply of diamond is controlled by the mining and mainframe diamond trading companies which makes it precious. Further, now when the prices have surged so much. Demand is increasing everyday. Thus, demand and supply mechanism is working effectively.

- Second and also an important aspect to this is cost incurred in mining of a Bitcoin. How will this cost be recovered. A massive loss to economies can occur if such cost is not recovered in the system.

[cryptoicicle]

because bitcoin is a real thing, you can give bitcoin or some portion of it and receive anything physical in return, from paying your check in a restaurant to buying real estate etc.

[halehale]

Many factors have played, new investors as well as the promotion of Altcoins. This leads to the fact that the bitcoin price is constantly increasing. BTC is a popular coin, it is already shown on TV

[Totoky]

The price is high because it is the most popular one.  And this will result for people to just sell this coin and earn a free money by doing it easily. After earning from that coin it will lead people to buy mostly with bitcoin but some will choose another coin of there choice. This makes the price of bitcoin so high because of the demand that it gets from the people who are using it.

[dress]

mistake

[Yunbalo]

Because of the rumors, the fact that BTC benefits us is not big, but because of the anonymity and demand today pushed up the price of BTC is very high, but only in a short time now. BTC is deepening. perhaps continue to decline.