Why is the price of bitcoin so high

[Vasya]

supply become shot then the price of bitcoin automatically increased while if supply increased and demand is decreased then price of bitcoin is going decreases. Price of bitcoin is increasing because bitcoin is getting more and more customers with time due to which demand of bitcoin is increasing more and more and that is why price of bitcoin is high.

[Milla Kross]

Well it's obvious. Bitcoin is the first crypto currency that has managed to survive on the market to this day. In a limited number. And with high demand from investors. As I understand it.

[DangerETH]

Actually, no one know the value of Bitcoin exactly. So, I think that because the demand of the investors is too high which leads to the increasing of Bitcoin quickly.

[Leto84]

perhaps the First bitcoin coin in the world of crypto and altcoin is bitcoin follower. bitcoin is assigned worldwide and is acceptable in most places, whereas most people are not aware of the altcoin and have no value but are still in bitcoin.

[angelomoraaaa]

Most likely on the grounds that bitcoin is the primary coin in the computerized cash and furthermore on the grounds that bitcoin is developing so prevalent and known to numerous individuals around the globe, such a large number of individuals are utilizing it. What's more, perhaps that is the reason the bitcoin cost is high. Many individuals neglect to give bitcoin its due kudos for being the main digital money out there, which implies it essentially made ready for the greater part of alternate cryptographic forms of money in the market at this moment. Bitcoin being the principal coin and that combined with the way that it became progressively prevalent after some time and the request increment is the thing that made the value so high.

[Kweiker]

Currently, almost no one is buying bitcoin for its use as it should have, everyone is buying it now for quick profits.

[Asujmule]

The estimation of bitcoins is relying upon the free market activity in the market. At this moment, There are many individuals who are contributing and the promotion is on in light of the fact that it is christmas so the supply is diminishing and more of requests is coming that is the reason bitcoins esteem continues expanding every day.

[gemnuryu]

One of the components is bitcoin is the principal cryptographic money and it speak to the entire universe of digital currency. Altcoin is made in view of the blemishes of bitcoin yet at the same time bitcoin is the more prevalent money.

[Natali1973]

Bitcoin is one of the first cryptocurrencies. he is the basis of them and he will always be the first

[Deewhy50]

Even though Bitcoin price is down for now,  its still the highest price in cryptocurrency due to that its the first of the cryptocurrencies and the king of them its the source of blockchain and will always be the best.

[willybacem]

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

We know that Bitcoin with growing time of getting known around the world. Major investors and they get to invest in the Bitcoin. So this coin is experiencing considerable growth. And until recently could reach its peak and Bitcoin is still a great opportunity to add value.

[Mia-]

bitcoin prices are influenced by some factors such as social media if bitcoin gets positive news and bitcoin transaction records are very fast and many more causes. If someone newly engages with cryptocurrency, he must know the bitcoin first to understand the world of crypto.

[Ladyechy]

Because more and more bitcoin enthusiasts. Investors are increasingly investing in bitcoins. So that's one reason why bitcoin prices are so high.

[jins937]

I would not say that the price of bitcoin is high. on the contrary, I think she fell.

[jozymens7]

This is because btc is widely accepted in every part of the world and it is also the first coin to come into the world of crypto and therefore people really know its capabilities

[maflec0713]

Hi. One of the reason why the price of Bitcoin is high compared to other cryptocurrencies, it is because its the first decentralized digital currency. Since then, many of the investors use bitcoin as online payment and it makes bitcoin popular. Because of its popularity, many cryptocurrencies went out in the market and do the same but bitcoin takes the lead. Since then, no other cryptocurrency can beat the value of bitcoin and it makes its value as reference.

[abderrazak belkhir]

Bitcoin price is so high Simply because it has won investor confidence and many persone buy bitcoin+ bitcoin is very easy to use so there is many oeople buy bitcoin for this reason

[Bonenx14]

the trust of people who know crypto to bitcoin is very high compared with other altcoin. this is probably one of the reasons for bitcoin prices. and to date even developments in some countries are mostly done primarily for licensing

[riskarcher]

Bitcoin is like euro money that has a high value in the world currency, because the many markets that use Bitcoin do not be surprised if the coin becomes the most expensive coin and the world's finest crypto coin is limited

[pivxmen]

Bitcoin has a strong holder and large volume in daily transactions. you can see the volume of bitcoin in each crypto market. many more investors believe in bitcoin.