Why is the price of bitcoin so high

[luungocthuyhv]

I suppose the BTC price was very high. This is the problem of many factors: the limited number of coins is the 21 million BTC, the world's most secure platform, the user's trust and the investor about it very high. Most BTC are accepting transactions and payments

[hanadaya]

Of course because they are limited in the Marketplace. Although limited, many people want it, so the price is high. This is the reason why Bitcoin has the greatest value, it has the largest user base.

[triasel]

The simple and only true answer is because people have no idea where they put their money, they just think that is always going up up and they make money. ..

they take advantage of the opportunity with the price of this coin and they do not want this opportunity out of his life

Bitcoin's ever-increasing development can bring Bitcoin to a high price. for now the more rapid the development of the coin, the higher the price will be.
 so that this development can be a major factor to determine the value and price of coins.

[Meliadoultengille2]

At present, the price of BTC is down sharply. Because by the end of 2017, everyone is known to BTC. At that time, the market for bitcoin was very strong. But now people are feeling fear of risk so the market has fallen.

[Suwycu]

The cost of bitcoin should theoretically always grow because of its limited number and it is continually mined!

[xysheeh03]

I think that bitcoin price begins with a very low price, it is not started its price by a cost of hundred dollars, perhaps it is passed through stages that made it as the very most valuable coins in the market. I remember when i heard bitcoin in 2009, its priced just only about $0.10 but now its a thousands of dollars.

[danwanyd]

The constant number of bitcoins, which are not controlled by a central authority, means bitcoin has good reliability. Cryptocurrencies will not be subject to inflation as a result of the new currency's release.

[BTMgoMoon]

You don't know the origin of the cryptocurrency. The emergence of Bitcoin has opened the world of cryptocurrencies. So Bitcoin is currently the most expensive coin.

[heelariyanti]

As was expressed in the Law of interest, higher request prompts higher supply required. Bitcoin is presently popular in the market since a large number these days are into altcoins. obviously, not just millionaires,but additionally run of the mill sort of individuals who needs their cash to increase greater than previously. Since there are numerous individuals puts stock in bitcoin, its esteem is high.

[rickyNmorty]

Bitcoin is representative of the whole crypto industry. So if you ask someone about bitcoin don't even understand the cryptocurrency they call bitcoin. Therefore, all invest in it. And the fact that basically all pairs are traded via BTC so even if you want to buy altcoins you first need to buy BTC.

This is indeed true. Cryptocurrency and bitcoin is like something that is bond together, in which if you hear the world crypto or cryptocurrency the first word that probably comes into your mind is bitcoin and vice versa. Amd also bitcoin is the first coin created andthe other is just the followers or the imitatiom of bitcoin. Bitcoin is the king of all coins.

[Episle]

Bitcoin is still the best of all the cryptocurrency and the demand is getting higher everyday. To me that is why the price is getting higher.

[ripple]

Yes . Bitcoin is the pre-eminent technology in the electronic money world. Many people choose bitcoin to invest with more results as well as increased bitcoin popularity. When there is more demand while stocks are not increasing, people will hold bitcoin, and only a few sell this thing. Make the bitcoin price too expensive.

[atayating]

This is because a large number of merchants/whales use bitcoin for commercial speculation, and they profit from raising prices, which is why the price of bitcoin has always been expensive!

[Lengcengteng]

It is always a good position to be in, especially when you have a lot of competition in a very competitive and tight market. It has gained much attention since it's onset, and that converted to a steady increase in price point. Especially now, its price kept on increasing which prompted people to shift their attention to it, gaining more traction in the market that lead to numerous trades and investments.

[kkerrex]

I think that btc price is so high due to crypto hype in november-december. A lot of money has flown in crypto market and BTC price has increased significantly.
That's why BTC price is so high.

[-Newera-]

Because the Bitcoin was the first Coin and thus know him most people. In addition, it is considered a crypto-gold and many know that it will continue to rise steadily in the future, so that the demand will increase.

[shittypro]

Well i guess Bitcoin is the most famous coin and we can tell that is the original one of the coins that means it's a superior . We heard and see bitcoin any social media and main stream that's why a lot of investor and trader was come in bitcoin and invest to get a good profit

[bitcoinking123]

In my opinion, it is a phenomenon of supply and demand. When the investors have a belief in bitcoin and think that the price of bitcoin will rise, the demand increase. Supply of bitcoin is limited and therefore the price goes up so high. This is the situation from previous years. But in fact, recently the price went down significantly becoz of the suppression by the state government. The outlook is still uncertain.

[PaduabAz]

The cost of digital currency is controlled by the interest for it. Bitcoin was the main digital money and in this manner is the most well known and prevalent among all the cryptographic money. Notoriety offered ascend to request, and request prompts an expansion in the cost of bitcoin, so it had room schedule-wise to split far from its incentive from other digital forms of money.

[Rebellion359862]

What a stupid question, any other altcoin can have the same capitalization as bitcoin and the cost will be $ 1 for example, and the first, because bitcoin claims as a means of payment and as the very first coin that appeared in the world giving investors confidence in its perspective.