Why is the price of bitcoin so high

[Surge_Dev]

When bitcoin appeared, no one was even sure of the viability of crypto currency. Few believed that this idea would be recognized, understood by millions of people and won their trust, not to mention the billions of dollars of capitalization. Although I had bitcoins, at first I doubted. These doubts have already been put in the price.

[landysh007]

When the price of bitcoin hit 12k people were already shocked and a lot of people became interested then it hit 18k and now suddenly almost everyone wants to be in to bitcoin since the demand has gone so high the price will go higher too.
and today he is cheap again and the people ones buy little. very funny people

People are very mistaken. This is the best time for investors who want to make a lot of money in the future. At this stage, you can invest in almost any coin, all of which will rise in price after the market recovery begins. But investing in bitcoin will be the most reliable, because all other coins depend on the bitcoin price and repeat the ups and downs of the most popular coin.

[Cryptopal2]

yeah you are correct , BTC is the main guy in the crypto world . I think the reason for high price of BTC is that the total supply is fixed approximately and there is a lot of coin holders who have a little amount of bitcoin

[costgranda]

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

It with an ulterior motive. All cryptocurrency the expert otsiirutsya with BTC. Continually we hear a word - BTC. BTC is a standard in respect of cryptocurrencies. BTC in my opinion will always be a coin number one. It would be very desirable that he has begun the growth to former heights.

[VeteranH]

Bitcoin was the first cryptocurrency to appear on the market so a lot of time has passed since its release, it is also considered a model to create more currencies, which also increases it's value.

[Psychee]

I do not even know why I can advise you on a new and good crypto project like Socratus

[GoodHounter]

I believe that by the end of 2017 there was an unhealthy excitement for bitcoin and everyone began to buy it. that's why his price is so high. and now bitcoin is not needed at such a high price, and we see this result - the market is falling.

[kalincoolcute]

Its matter of investment we can say Law of demand,more demand prices go up.Most of Business tycoon and showbiz personalities are aware about Bitcoin and invest in it with high amount that's reason Bitcoin demand is high and supply is short so prices fluctuates.

[Edu martin]

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

[Rossalex]

Because it is the king and everyone has to buy bitcoin to be able to purchase altcoins. Bitcoin is like the earth, and the altcoins are like the seeds.

[tommisetiyawan]

Maybe my answer is very short, Bitcoin is the parent of all crypto currencies, if bitcoin down, then other altcoin prices will come down. And if the bitcoin is up, another auto altcoin will go up, bitcoin is the benchmark for the price of all altcoins. The factor of rising bitcoin prices, the number of enthusiasts or buyers or investors wanting to buy bitcoin, if the demand or leadership is large bitcoin will rise,

[asjdhjnz86]

Because Bitcoin is globally recognized globally, many investors use Bitcoin to invest their money instead of putting money into the bank. The demand for Bitcoin makes the price too high. Of course, there is also a high possibility of low-cost supply to realize its value growth.

[Alenas2018]

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 think that bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires.In many jurisdictions, Bitcoin has yet to become subject to regulations, leaving an investor with no recourse or protection from fraud or market manipulation,” said Unger.Is this a bubble? Many are disappointed in the moves, believing the rise is happening because of market manipulation. But we must remember that the real value of a cryptocurrency is not driven by price but instead is driven by utility.

[GeniusAko]

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 reason why the price of the bitcoin quickly rise is because of the supply and the demand in the cryptocurrency market. There are now many people who interested to buy bitcoins because of its importance and functions in our society.

[Nell Theres]

I think personally if Bitcoin is the first cryptocurrency, most people only hear about Bitcoin and about Altcoin, as a rule, nothing is known. The mass media also paid special attention to Crypto's currency loan, Bitcoin. This explains the popularity and popularity of bitcoin. The price of bitcoin in fiat money will always grow.

[seviandyosi]

Bitcoin is the first coins and with the first people will be more interested and think that it will have a high value. And proven until now many people are wealthy because investing in Bitcoin. With Bitcoin, they believed that the future would be great.

[iSasuke]

It's original. It is trusted. It is accepted by many countries. Many people seek to invest in it.

[goodluck0319]

There is a ratio of price and number of coins, initially there was a high price due to the fact that this is the first cryptocurrency, but in the ratio of the number of coins to the price is not much higher than other top coins. For interest, you can divide the capitalization of ethereum by 17 000 000, so much bitcoin is about to be mined now and you will see the price of$ 3000, which is approximately comparable to the price of bitcoin

[lkcoindaddy]

In that case id assume that when time goes by and cryptocoins become more and more mainstream and used by the public (assuming they wont get banned) BTC should be surpassed by other coins which solve issues btc doesnt. Also fees and transfer times seem a bit too much

[likketil]

Bitcoin is trading sightly upwards in one week as much as 3.1% for that, this currency may get into a limited neutral long term pattern as of now.