Why is the price of bitcoin so high

[TorontoRaptors]

Because of the law of supply and demand. Bitcoin's price was high in demand these past weeks causing it to pump. However, it dumped a few hundred dollars maybe because of too much supply.

[Apiapik]

Bitcoin is on all social media. Almost everyone talks about their big profits in bitcoin and suddenly almost everyone wants to have a BTC in their wallet. Another one is btc widely used in altcoin trading.
Its use is now very high, one reason may be that demand continues to increase. So the price continues to rise.

[lonlonmarlon]

I think why bitcon price is high because many people are used this and the bitcoin is the first created coin in the cryptocurrency.

[mh6e]

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 think its base on market cap it has to do also with the trading and the buying and selling. A lot of factors made a coin valuable and determine the price. Investors will put up more investment and the market value goes high too. That's what happen to bitcoin while altcoin expected also to go higher but not the same high as bitcoin.

[opv321]

Bitcoin today, compared to gold, has little capitalization. Gold has had its influence on the financial world for years with about 3 trillion dollars, while Bitcoin is relatively young as Asset with a very low capitalization although, compared to other crypts, it has a dominance of between 45% and 55%.

[Helloween]

It seems to me that we will see a really high price of bitcoin in 2019-2020. It seems to me that this will be the peak of the development of the crypto currency. I believe that now is a good time for investment.

[LS Crypto]

Bitcoin today, compared to gold, has little capitalization. Gold has had its influence on the financial world for years with about 3 trillion dollars, while Bitcoin is relatively young as Asset with a very low capitalization although, compared to other crypts, it has a dominance of between 45% and 55%.

And there is. It is unanimous that gold is unlikely to go away, but digital gold in the form of bitcoin, can take another position to ensure a more stable financial system of the state. Those, still an additional factor.
Even the news was that a number of European countries want to consider this issue

[bobbyjonathan]

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 is definitely because it is the original cryptocurrency, it brings a lot of influence and that makes it grow in value, but there are definitely better projects right now.

[Ditlycel]

Bitcoin is very well appreciated, bitcoin for 10 years has grown very well , I think in the future it will be, the blockchain technology itself is very new and promising

[lt_dr]

If the BTC price reaches $ 500,000 by 2020 as McAfee claims, the current price is still cheap. BTC is not currency, it is like the commodity. So until there are still many people who want to own BTC, the BTC price will continue to increase. So, I think the problem is not expensive or cheap, how many people want to own BTC?

[HereToCreate]

I think personally if Bitcoin is the first cryptocurrency. The price of bitcoin in fiat money will always grow.

[snipernumberone]

Bitcoin can shoot any time it wants without worrying about altcoin.Of course this is the first cryptocurrency in the world, I don't think it can fall or just disappear.

[Xuantu9xz]

The reason for increasing Bitcoin is that more and more people are aware of Bitcoin, and more and more countries are recognizing Bitcoin as a valid payment method. Typically, whenever a country accepts Bitcoin as a legal payment currency, there will be a significant upward swing, as a large number of Bitcoin users are known, with only 21 million Bitcoins on the bill. This figure, which includes both exploited and untapped numbers, is expected to be fully exploited by the year 2140. Thus, the number of Bitcoins is limited, no more, including its founder, So, the more people use it, the smaller it should be, the more expensive it is.

[karambol13]

bitcoin price was high because of its demand and there were legitimate countries that bitcoin was so expensive that price was then but now the price of bitcoin has fallen because maybe a lot of holders sell their bitcoin so the price of bitcoin fallen now.

[UnDerDoG81]

It's never too high when everyone thinks it's a hoard, it's just as gold is worth, and it's going up dramatically as the world economy is getting stronger stability. I think next year the economic situation will worsen as the economic wars keep the US and China

[shtodelat]

Of course bitcoin is the first and original project that changed the world.His popularity is growing.

[Crypton2018]

I think that crypto whales are preparing us another trap with the bitcoin course. They understand that last winter many came at a price when Bikoin was 20,000 dollars and during that time many were disappointed in the critical market and only want to return their money ... so the rate can be raised but not brought to $ 20,000 for Bitcoin, so that there would not be mass sale of coins.

[sborders52567]

We can use bitcoin to shop online in many eCommerce sites around the world and many other companies are also accepting bitcoin as a currency we do not see other cryptocurrencies accepted like bitcoin this is the main reason bitcoin is high in price from other coins.

[vinayak2628]

Simple rule for cryptocurrency prices. If supply is more and demand is less then price drop is occurred if the supply is less and demand is high then prices increases. Thats why bitcoin have such high prices. The suppy is too low ....

[notlasttrain]

Bitcoin is the leader of all crypto currencies and also it had limited edition