Why is the price of bitcoin so high

[rukawa101]

Because it is the first and original one and if you talked to someone that doesn't know much about crypto all they know is it's called bitcoin they don't know other coins because it is the most popular and demand in the market is high for bitcoin

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[kaizerwald75]

Not only it has Bitcoin been here since day one, it also has the most demand, and people have grown to have more faith in that it will rise with not great loss

[KarinaMix]

dear friend, bitcoin is the first currency in cryptography and therefore a follower of other coins, so the rest of the cryptographic coins cannot cost more than bitcoin.

[Xexath]

Bitcoin has high bitcoin price because it introduce new technology to the world.

[TradeFinder81]

Because btc is the first coin in the market.

[PrimeTrade247]

King's price will always high.

[EmergingDeck631]

Btc holls all the requirements in cryptoworld this is why its price is so high.

[Anchor867]

Because the popularity and the demand  of the coin is going up and up there nore interested on it so they buy they run out of bitcoin so the prices goes up if there are more demand the price will go up and vice cersa

[RandyWindor]

Because the price of a coin is also high. The price for bitcoin is 6k, and the price of extraction of 1 bitcoin is 4k-11k, depending on the model of the asic

[ProstoCrypta]

For me, more interesting are Ethereum, Litecoin and Ripple. I also look at young and promising coins, but I do not dare to make serious investments.

[riska hanissa]

the price of bitcoin will remain the highest because it has a limited supply, so the price movement can still be set by the developer. and also as the first coin to be a pioneer for other coins so that it has a high price, as well as a lot of interest. that's why bitcoin prices are higher than other coins..

[PancherBitCoin]

the price of bitcoin will remain the highest because it has a limited supply, so the price movement can still be set by the developer. and also as the first coin to be a pioneer for other coins so that it has a high price, as well as a lot of interest. that's why bitcoin prices are higher than other coins..

many specialists of the crypto currency say that the price for Bitcoin is due not only to the value of the block chain, but also to the costs of extracting coins. In any case, the role and popularity of Bitcoin in society still plays a role.

[Janevinex]

Well, now it is not very high , I think we can see the price even higher than it was in that year, bitcoin is very much appreciated

[ZonaCrypto]

Demand determines supply. Bitcoin volatility is quite high, but do not neglect the movements of currency pairs against the dollar, because if the dollar index failed, and bitcoin is not moving, it means that Bitcoin is also in the red zone.

[KingJess]

Demand is what drives any commodity and when the demand of bitcoins increased then the price and value of the coin increased accordingly. When people want something, then there is more demand than the supply which makes the commodity scarce this the reason that the prices are down now is because there is more supply than demand.

[quaqui]

The price of Bitcoin is directly related to the demand it has. If people didn't think that Bitcoin was worth buying at these rates than it wouldn't be worth this much. There are more millionaires in this world than there are ever going to be Bitcoins, just think about that for a second.

[WOELVES]

Its because people accepts bitcoin in many country wherein some people are not aware in altcoin or any other crytocurrency. The price of bitcoin is so high because this is the first cryptocurrency and it became popular to other country thats why many investor or trader choose bitcoin as their coin.

[rot2m8]

Probably why bitcoin price is too high its because there are so many peoples want to buys bitcoin and hold it for long term and there are only a few peoples want to sell there bitcoins the reasons why bitcoin price is so expesive because no one wants to sell.

[mendawn]

It is just because it gain a lot of trust from so many people. We all know for a fact that bitcoin is a currency in which it need people for the price to grow up. Right now about 5% of the population is now part of the crypto family.

[xberexha]

Because this coin was the first which seized the market, and people began to be interested in the topic of crypto currency and invest, and it was possible to invest mostly only in bitcoin, so this price you can see now.