Why is the price of bitcoin so high

[CADguy]

To be honest, I think that this is only because bitcoin is the first cryptocurrency and it has unique characteristics that no other crypto-currencies have

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[azbukamorza]

The first digital coin . A lot of people are after her. And I think for good reason.

[Mujdem]

I do not think it's expensive. There are a total of 21 million Btc in the world. Very little of the money in the world economy is in Bitcoin. Therefore, I think Btc price will increase a lot.

[ArtemSergeevich]

Bitcoin the most popular cryptocurrency. It all started the other altcoins were created in the image of bitcoin with a few differences. The basic idea of cryptocurrency is reflected in bitcoin, he created several new areas around the world, millions of people owe him their jobs. Even though he is in terms of processability inferior to many cryptocurrencies, he was the first and the most important at the moment.

[ternyabin]

To be honest, I think that this is only because bitcoin is the first cryptocurrency and it has unique characteristics that no other crypto-currencies have

Except that bitcoin was the first, this coin has the greatest popularity among people. Even people far from the crypto world know the name of only this coin. In addition, bitcoin is a limited resource, and limited resources are always valued more.

[yoerumo]

I can't clarify why bitcoin value today is to high the value esteem regardless of whether have numerous preliminaries for bitcoin now there are the issue about bitcoin supplant the new digital currency the bch. in any case, bitcoin keep on increasing the cost an incentive in the marketcap, I think this is the verification bitcoin is in the most astounding most grounded coins and have more requests in the market that is the reason bitcoin continue expanding.

[Julasic]

The high price of Bitcoin is the effect of its high demand.
 

[jamesdean35]

This is actually technically the reason for the supply and demand situation. BitCoin is the base for many coins and is therefore strong. The number of investors is very high. the bitcoin price is high due to these reasons.

[kicauklaten]

likened to as goods than when he had a lot of requests so the price would soar. This happened in the bitcoin because it has a great demand and the number of the start a little bit then it will make the higher your bitcoin value. of course, this will be a valuable asset for the long term so reasonable only if many are looking forward to investment bitcoin later on.

[valeru.aver]

Bitcoin is the very first cryptocurrency, it is the most popular of them and people originally invested in it. Yes, it has disadvantages, but many associate the whole cryptocurrency market with it.

[makladun]

Bitcoin was the first top coin, it has the highest community confidence and can be considered as the crypto currencies index, so it is one of the safest investments on this market, and at the same time it has the highest capitalization.

[raullemos26]

Bitcoin was the first coin that made the breakthrough and raised itself in the crypto industry. Its blockchain has a limit and with each block mined a difficulty for the miners gets to a new level.

[Rammygold]

The price of bitcoin is very high because of its value.
But now the market is down and the price is down also.
Which makes it cheap and affordable for those that are interested in investing in it
But unable to invest because of the price

[zero4five]

The cost of bitcoin and other crypto currency is essentially nothing, except for the huge demand and their prospects as a new technology. If there are willing to buy, then the rate will continue to grow. And now the number of investors is very large and, most likely, will only grow. Bitcoin has become incredibly popular in the media and the masses of people over the past year. Now many new investors are looking for an opportunity to purchase it.

[kezjo]

Bitcoin was the first coin that made the breakthrough and raised itself in the crypto industry. Its blockchain has a limit and with each block mined a difficulty for the miners gets to a new level.

This is exactly my answer. The first one always capture the most value.

[lksufrr]

I agree with others, because BTC is really the pioneer on the cryptomarket. Its price will has been increasing more and more I think and BTC will be the first in future too.

[Rosilito]

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

Well, I don't on the other reason besides that it was the first crypto created. And yes, it is indeed superior to the others that is why the gap of their prices are too far between each other. Another one is I don't really think it so, but may be people much prefer to use bitcoin rather than altcoins or other crypto existing. May be they come in handy this thing beside to the others. Lastly is that, bitcoin is original and the origin of why those other crypto was created.

[godspree]

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 simple words there is limited amount of Bitcoin available in market but its demand is too high. The higher the demand the higher will be the Bitcoin price and vice versa.Very few people are selling it, thus supply is constrained.

[ershovspa]

The price is high because the demand is high and because BTC has the biggest market cap. It's also the first of it's kind so naturally that boost it's value.

[kenborbs]

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

If you will based on the market, Bitcoin has the largest market cap and trading volume which means a lot of people trades bitcoin and the demand is really high that results with high price. This is pretty normal since Bitcoin is the most trusted and pioneer of all coins in the market.