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Author Topic: Why is the price of bitcoin so high  (Read 15511 times)
miraxgr
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August 12, 2018, 03:37:03 PM
 #2341

I think because BTC is the original and the founder of the entire cryptocurrency space. Therefore, because of this, and develops its popularity and the total price. After all, its cost depends on demand, the more people buy BTC, the higher it becomes, the more people sell it, the less it becomes. Everything is logical and clear.
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August 12, 2018, 08:24:35 PM
 #2342

Since my last visit to this forum topic, the price has decreased by another $ 200. In such conditions, it seems to me reasonable to freeze the subject? Or does someone think that everything is still high? Then apparently they were prepared to buy everything at low prices during the next collapse. We will see.  Roll Eyes

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Pan Troglodytes
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August 13, 2018, 10:52:54 AM
 #2343

perhaps the first Bitcoin coin in the world of crypto and altcoin is a bitcoin follower. bitcoin is nominated all over the world and is acceptable in most places Kiss
In most places my a.s. It is *not* accepted in most places. It is most widely recognized and maybe even its name encompasses and represents  all other cryptocurrency in minds of regular people, true, but nowadays bitcoin is accepted as a currency in less places that is used to be and the numbers are declining.
CryptoCompas
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August 14, 2018, 01:19:03 PM
 #2344

This is the first cryptocurrency that the whole world has learned about. And it began to invest. Now there are many altcoins and Bitcoin exchange rate began to fall.

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MasterObsheniya02
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August 14, 2018, 01:46:29 PM
 #2345

The price of bitcoin has now undergone a correction and has gone to the price level of the beginning of this summer. Apparently the mass of forecasts did not come true and we still will not see the bullish trend in the markets this summer. On the other hand, after the end of summer holidays and vacations - the time will come to earn. The market will unfold. the main thing is to enter it in time.   Wink Wink
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August 14, 2018, 01:51:58 PM
 #2346

Bitcoin is the very first crypto currency, which is heard by everyone. Now the dominance of bitcoin is more than 53%, in the falling market, everything is fixed in it, that would not suffer great losses.
MrBAU
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August 14, 2018, 01:54:26 PM
 #2347

The price of bitcoin has now undergone a correction and has gone to the price level of the beginning of this summer. Apparently the mass of forecasts did not come true and we still will not see the bullish trend in the markets this summer. On the other hand, after the end of summer holidays and vacations - the time will come to earn. The market will unfold. the main thing is to enter it in time.   Wink Wink

The price for bitcoin is not so high at the moment because of the market drop, bitcoin is now more available for purchase. But there is still the possibility of a price drop one more.







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August 14, 2018, 01:56:23 PM
 #2348

Brand recognition and network effect are extremely important. Look at Apple, Kleenex, Windows, etc.
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August 14, 2018, 02:03:48 PM
 #2349

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
because BTC is the main aspect of the all cryptocurrency
each investor must to know that
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August 15, 2018, 11:05:27 AM
 #2350

Bitcoin is the first, liquid and expensive cryptocurrency. It is on all exchanges, and all investors are guided by it.
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August 15, 2018, 12:20:18 PM
 #2351

It is not high!

Maybe my answer is very short, Bitcoin is the parent of all cryptocurrencies, 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
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August 15, 2018, 02:22:53 PM
 #2352

Btc is the first crypto that's why its price is so high.
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August 15, 2018, 02:23:49 PM
 #2353

Btc hold the rules and regulation of cryptomarkets that make its price so high.
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August 15, 2018, 02:24:59 PM
 #2354

Btc is the king of cryptomarkets. The price for king is always high.
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August 15, 2018, 02:36:31 PM
 #2355

Bitcoin is the very first crypto currency, which is heard by everyone. Now the dominance of bitcoin is more than 53%, in the falling market, everything is fixed in it, that would not suffer great losses.

The price of bitcoin can increase so high because some of the big companies accept it and I know that is the reasons why many people continue believe in bitcoin and invest on it.

 
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August 15, 2018, 02:53:48 PM
 #2356

I think since bitcoin was the first one then it has the higher price than others.
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August 15, 2018, 03:17:41 PM
 #2357

I think that today the price of bitcoin is much higher than that of altcoins because bitcoin is the calmest. Some altcoins fell in price a hundred times. Bitcoin is of course cheaper. But not as much as the altcoins. Many people understand this and sell altcoins and buy bitcoin. Therefore, it has the highest price.
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August 15, 2018, 03:38:30 PM
 #2358

I do think it is because of appeal in the market that makes Btc's cost become significantly more. Btc potential to develop is seen as of now that is the reason it snared to numerous new comers that needed to connect with into Btc. However, now its cost has fallen by 120%.
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August 15, 2018, 03:43:59 PM
 #2359

Bitcoin has the largest market capitalization. I think that's why bitcoin has the highest price in the market.

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August 15, 2018, 03:45:19 PM
 #2360

Presently the price of Bitcoin is so low, but we are hoping for it increasement, has the price is low now I think it's an opportunity for investors to invest in it
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