Bitcoin Forum
September 27, 2021, 07:56:14 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 [101] 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 »
  Print  
Author Topic: Why is the price of bitcoin so high  (Read 15390 times)
kasbon
Newbie
*
Offline Offline

Activity: 107
Merit: 0


View Profile WWW
July 05, 2018, 04:12:10 AM
 #2001

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 Smiley

The demand is greater than before !
That's why I keep invest on bitcoin every month and yes.. it was a good decision for me as for now I can sold them for profit.
It's more profitable than a gold, IMO !
with the ever-increasing development of Bitcoin very capable of making Bitcoin so expensive. with a price so expensive will bring Bitcoin has a lot of interest. with more and, more enthusiasts will be more supporters who help improve the existing development.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1632729374
Hero Member
*
Offline Offline

Posts: 1632729374

View Profile Personal Message (Offline)

Ignore
1632729374
Reply with quote  #2

1632729374
Report to moderator
1632729374
Hero Member
*
Offline Offline

Posts: 1632729374

View Profile Personal Message (Offline)

Ignore
1632729374
Reply with quote  #2

1632729374
Report to moderator
Meepers
Member
**
Offline Offline

Activity: 210
Merit: 10


View Profile
July 05, 2018, 04:16:39 AM
 #2002

Now it's just a beginning of bitcoin. I promise you that price will be rise for a several years for sure and it will be something about 50k of usd . However, the price for January contracts is above 17,000, and for February futures 18 - 19,000 for bitcoins. This led not only to stabilization of the rate, but also to further growth. Therefore, it is more trusted by most people.  Grin
alteredbitcoin
Newbie
*
Offline Offline

Activity: 71
Merit: 0


View Profile
July 05, 2018, 04:19:09 AM
 #2003

because people think it as valuable limited supply thing, like internet gold, also some people buy it for profit
dangwapo311
Newbie
*
Offline Offline

Activity: 196
Merit: 0


View Profile
July 05, 2018, 04:20:42 AM
 #2004

I think bitcoins popularity plays a big part and is one of the main reasons why its price is so high. The more popular bitcoin get, the bigger the demands will be and the higher the demand the higher the price goes up. Plus bitcoin is known to be the first and has asserted its dominance from other coins.
celakkenyang
Jr. Member
*
Offline Offline

Activity: 210
Merit: 2


View Profile WWW
July 05, 2018, 04:24:04 AM
 #2005

All coins listed on coinmarketcap or other sites are original coins. all coins have different technology different. why bitcoin prices expensive? because of the low number of coins and large enthusiasts. it makes the bitcoin price expensive.
travelgear17
Full Member
***
Offline Offline

Activity: 406
Merit: 100


View Profile
July 05, 2018, 04:29:09 AM
 #2006

The rate of bitcoin is excessive due to the fact there may be a massive call for for it. take into account crypto marketplace is set call for and deliver, this is purchase and sell, so while lots humans seeking to sell and buyers are small then the charge will cross down but whilst enough human beings need to buy and few are inclined to promote then the rate goes up.
rhythm005
Newbie
*
Offline Offline

Activity: 94
Merit: 0


View Profile
July 05, 2018, 04:46:18 AM
 #2007

Bitcoin is the original one, so is it superior. I beleive that altcoins are followers of bitcoin and should be put after bitcoin.
When a person newly gets involved to cryptocurrency, he must know the bitcoin first in order to understand crypto world.
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


I agree. Before those altcoins. Bitcoin was the first and original coin that was introduced to people. Since it was the first,  people invested on it and it began to be known little by little until the price was high. Many people are using bitcoin for trading and sometimes in project. Many people are joining or investing in bitcoin so it will be spread and it will go to high price.
mike0829
Member
**
Offline Offline

Activity: 165
Merit: 10


View Profile
July 06, 2018, 06:32:50 PM
 #2008

Simply put it, Bitcoin is the first cryptocurrency in the world. Every altcoin was originated from Bitcoin. So, yes one of the reasons for its price is being the first cryptocurrency. Second reason is that most of people use Bitcoin more than any other coin right now.
Gabb
Full Member
***
Offline Offline

Activity: 392
Merit: 105



View Profile
July 06, 2018, 10:44:38 PM
 #2009

Actually I do not think that the high price of bitcoin is due to a superiority so great compared to other cryptos. But most people who are not involved in this ecosystem are unaware that there are more advantageous and advanced currencies than bitcoin, and that is why they assume that bitcoin is something very sophisticated with great potential that is worth acquiring.

The price of bitcoin is based more on its fame than its functionality.
dlhezter
Full Member
***
Offline Offline

Activity: 434
Merit: 100


View Profile
July 06, 2018, 11:15:41 PM
 #2010

The rate of bitcoin is excessive due to the fact there may be a massive call for for it. take into account crypto marketplace is set call for and deliver, this is purchase and sell, so while lots humans seeking to sell and buyers are small then the charge will cross down but whilst enough human beings need to buy and few are inclined to promote then the rate goes up.

It is because of the market failing, some of the whales are manipulating the prices, he speculators and the media is also affecting the price of the bitcoin, I think that are the reasons of this bitcoin rise in price.
flysohigh.noshy
Jr. Member
*
Offline Offline

Activity: 98
Merit: 1


View Profile
July 07, 2018, 06:26:46 AM
 #2011

The bitcoin price is believed to be the highest in the cryptocurrency market. No matter how the market fluctuates, the price of bitcoin remains strong and the highest. This shows that many people trust and support bitcoin, invest in bitcoin and bitcoin is always the highest.
vuongappa
Newbie
*
Offline Offline

Activity: 93
Merit: 0


View Profile
July 07, 2018, 11:07:56 AM
 #2012

because Bitcoin Price depends on trust, is formed exclusively by inventory and demand and is not tied up with currencies or other assets, and for now the supply is limited and demand is increasing hence the bitcoin price is very high
quang99
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


Your professional profile on the blockchain


View Profile
July 07, 2018, 11:14:01 AM
 #2013

Actually I do not think that the high price of bitcoin is due to a superiority so great compared to other cryptos. But most people who are not involved in this ecosystem are unaware that there are more advantageous and advanced currencies than bitcoin, and that is why they assume that bitcoin is something very sophisticated with great potential that is worth acquiring.

The price of bitcoin is based more on its fame than its functionality.
So it is, new people who come to the crypto currency are mostly only aware of bitcoin, and they will learn about the other coins in the process trading.
Bitcoin is the first and most famous.

mashina65
Newbie
*
Offline Offline

Activity: 149
Merit: 0


View Profile
July 07, 2018, 11:38:47 AM
 #2014

Factors of market movements are usually news and HYIP. Unlike conventional paper money, which can be printed in unlimited quantities, the volume of Bitcoin output is limited. The serial number of the last virtual coin, which will be mined by 2140, will be 21 million.
emsjvh
Full Member
***
Offline Offline

Activity: 324
Merit: 100



View Profile
July 07, 2018, 11:40:15 AM
 #2015

I think because bitcoin is a flagman of crypto and most known coin in the world, because a lot of people know about it and thats why price is big.
LikaForw
Member
**
Offline Offline

Activity: 182
Merit: 10


View Profile
July 07, 2018, 11:48:32 AM
 #2016

I think it's very logical. The price of Bitcoin is high, because the concept of supply and demand. It is one of the basic laws of the economy. If in brief, the more "it" is claimed, the higher its price will be.
hohuan101
Member
**
Offline Offline

Activity: 333
Merit: 10


View Profile
July 07, 2018, 11:53:54 AM
 #2017

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 Smiley

The answer is simple, because BTC is a pioneer in the crypto market. You can see that the pioneers either succeeded brilliantly or failed completely. Because pioneers are more adventurous than their followers, that is why their success is greater.
dangbinhminh
Newbie
*
Offline Offline

Activity: 70
Merit: 0


View Profile
July 07, 2018, 06:12:41 PM
 #2018

The market itself determines the value of any asset, of any commodity. As always there are buyers and sellers in the market and they determine the cost. And we should to remember that sometimes the market is not rational.
torukmakto
Member
**
Offline Offline

Activity: 219
Merit: 10


View Profile
July 07, 2018, 07:42:42 PM
 #2019

first  reason of Bitcoin price is so high is because it is superior. In year 2009, Bitcoin came to an existence. A lot of developers, hardwares, and softwares supported Bitcoin first. The next reason is, all systems need a dominance bitcoin provides tihs.
easynote
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500


CryptoTalk.Org - Get Paid for every Post!


View Profile
July 07, 2018, 08:34:45 PM
 #2020

All coins listed on coinmarketcap or other sites are original coins. all coins have different technology different. why bitcoin prices expensive? because of the low number of coins and large enthusiasts. it makes the bitcoin price expensive.
Sometimes coins that are listed on cmc is not going make it after a while. You should invest in the top coins with the most daily trades.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
Pages: « 1 ... 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 [101] 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!