Why is the price of bitcoin so high

[Wildskull]

The passions around discussing the price of bitcoin are now boiling like never before! Now everywhere in the press and television jokes on the topic "how I was a fool that did not buy THEN!" I'm wondering when bitcoin breaks the level of 10k? Smiley Any opinions or theories on this subject? I think that now it is the same speculative tool as other currencies. Given his hesitation, this is a cruel roulette of the Russian type.

[REYVAN]

nothing makes sure the bitcoin is now priced too high or not with a total supplay just 21 million if everyone buys I think his price will be even higher so there is no definite size.

[deepakg2m]

There are many factors that affect the price of BITCOIN. And few of them are:~
1.  Its popularity in comparison to other cryptocurrencies.
2.  Its growing demand.
3.  Its versatility.

[paul heman]

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

I will tell you about some reasons, the fact that the bitcoin was become the first crypto in the cryptocurrency's history. that means a lot of the demand gets centralized into the bitcoin.
The second caused by the fixed supply of the bitcoin. There are more adoptions to the bitcoin itself to pump the bitcoin's price.

with the increased development of Bitcoin will greatly influence the price of Bitcoin in the future. so it would be very profitable to have Bitcoin and support its development to be more improved. so with the high price, today is the result of the support of many people.

[KaramazovBro]

the current price of bitcoin is low

The current price of bitcoin in 1-2 months will seem high to you, because the market continues to fall. The reasons for the fall are that strong growth is sooner or later compensated. And the price goes back to the previous level.

[warning_btc]

- Its most popular coin.
- Most of altcoins you can buy only for btc, this mean fiat money income trough bitcoin.
- Big investors invest to btc and it have 30-40% of crypto market

[Gahi]

So the high price of bitcoin as many believe and supports it. And many investors here because the profit is so great that many want to join and learn in bitcoin for their lives.

[AriesantZ]

according to which I know bitcoin is the first cryptocurrency. so this is the most widely adopted by the community.
and the volume in the market is higher than altcoin afterwards.

[strawhatters]

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, these are the factors that affect the market price of Bitcoin:

1. It is the first cryptocurrency, created by the father of cryptocurrency, Satoshi (if satoshi is a single person)
2. Popularity
3. It's the nearest currency to dollar
4. Law of demand and supply
5. Investors
6. Reputation

[Kennedy3950]

bitcoin prices are very expensive because of the fewer amounts, but bitcoin is the most popular coin in crypto currency. bitcoin is much liked by investors in the world because the price continues to rise every year.

[o12mxasd12]

The reason of price rise in bitcoin, is because bitcoin is nominated worldwide and is acceptable at most places, whereas people are mostly not aware of altcoins
When a person newly gets involved to cryptocurrency, he must know the bitcoin first in order to understand crypto world.

[honey0199]

i think the reason why the bitcoin price is high because a lot of people are buying bitcoin and this is the reason why the price is so high the more the demand the higher the price will get and also their is a lot of people want to buy bitcoin but the bitcoin is few so thats why the price go higher

[PepperaOnIt]

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

yes because bitcoin is the main and the original coin in all of the coins in crypto currency that is why bitcoin price is so high and the other factor is bitcoin demand right now is so high so the bitcoin price is increasing.

[IlfarIldarovich]

I would not call this price high. in the forecasts it will be even lower than it is now. but the first place in the ranking of crypto-currencies is still for bitcoin, because it is the most stable and expensive in the market. people believe in him

[daly896]

Currently it is not that high, I would even say that it is too low, but for some people current levels aren't that attractive, so they wait till bitcoin reach like 3000-4000$

[Mars13]

Because of the demand in the market. People are willing to pay because they hope to bitcoin price will always increase. People had earned lots of profits from bitcoins and many people want to repeat their experience.

[Sam$oN]

Because bitcoin is at the heart of the technology age, it is the start of 4.0 technology in the future. So companies are pushing for bitcoin investment, which has made bitcoin prices rise dramatically over the past 10 years.

In addition, bitcoin is one of the first coins, which began to receive investments long ago. That in principle can explain any its cost.

[jedimuj]

Bitcoin's market is very high. It gives confidence. It's also the most pop and best quality coin in the crypto world. Altcoin can be converted into Bitcoine by investing.

[RAMZA]

Bitcoin has a unique technology, so the price for it is completely justified. Soon it will cost even more.

[siinssooo]

Nowadays most people start using cryptocurrency with bitcoin, because some of them are not even aware if there are other crypto coins, so they all go into bitcoin, so Bitcoin is called the king of world cryptocurrency which is popular in the world.