Why is bitcoin price so high?

[Domenc]

Bitcoin price is really skyrocketing, and there are various reasons for that but which are true and which not is highly difficult to answer. Bitcoin price is based upon the fundamental principle of buying and selling and the rising price surely indicates that rising demand across the globe. But it is highly doubted that the surge in price real or pumped with some intentions. If it continues to rise like this the situation of bubble bursting is increasing drastically. 

[wenjun123]

But what a bubble it is. This guys futures interest went strong, they are already the day after tomorrow, that's all and are prepared, bought by bitcoins + tether little speculates.

[chanchenjhun]

For me this price is high because of the continuing bitcoin volume and the continuing increase in the number of investors will continue to increase prices.
How they will increase the price if the bitcoiner downhill is down to you if your business is so high that you really need to be as much as you need.
That is why there is a chance of lowering the price because maybe the bitcoiner will decrease and its price increases when there is added.

[joshcmk88]

how about ETH?

[100action]

Its driven by speculation, the growth has created alot of FOMO.

+

First mover and most well known crypto.

[Baby Dragon]

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

One of the reason why bitcoin become so high on market is the demand. As of now bitcoin is on high demand on online market and it is the major factor why it is so expensive. I think the price of bitcoin will rapidly increase and because of that it may lead to a high income.

[ssocoin]

bitcoin  still have lot of room to raise the price,now is still belong to beginning.

[ss890]

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

Bitcoin might be virtual but the income from it, the prosperity that we are gaining from it is real, that’s for 100% sure. The dominance is the key to everything really. This is not bubble, if it would have been bubble then I’m sure bitcoin could have dropped all down below 3-4K per btc by this time. The bubble is something very weak investment made by millions altogether which can break very easily. But nothing like that is happening so that’s the first sign may be it’s not a bubble yet.

[Crislyn4116]

For me why bitcoin price so high is because of the big investors of bitcoin the people that invest their money to gain a profit from the bitcoin another one is for me the other cause of why bitcoin price so high is because of many people around the world using bitcoin and investing and mining a bitcoins

[darefreads]

I think why bitcoins price s so high because of people who support in using it and people who are interested to use bitcoin to be their daily income. and as I read the article the more people who use and invest to bitcoin the more chance of price hike to its last increase.

[FRJ]

The price of bitcoin is so high for many reasons.

First and the main reason is the number of bitcoin in the whole world.
Bitcoin is like gold.It is so precious because there are not a huge number of bitcoin in this world.

Secondly,there are a huge number of buyers of bitcoin.So,the number of bitcoin is always less than the demand. This is one of the major reasons for the high price of bitcoin.Actually, the popularity and need of bitcoin has taken it in the highest position of all the currencies.

[eann014]

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

In my opinion, bitcoin price getting higher because of the big investors are coming. Especially on Sundays, they say a lot of big investors will invest with bitcoin so I suggest that hold all your bitcoins and wait until sundays and let's see if what we can get. This is just only my opinion and I am not forcing everybody to believe in me.

[Nariza]

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

The price of bitcoin is getting higher because of the demand. Most of rich people invest on bitcoin to gain more profits. Bitcoin is the king of cryptocurrency that's why it has the highest value compare to other coins.

[steven.spearman]

This is not a bubble, it is real. More and more bitcoin enthusiasts, it causes high bitcoin prices to rise. Ignore the bad issues about bitcoin, because they are just rubbish.

[wingsking]

First of all, his value is recognized by the world BTC, BTC will not be issued, so his value grows steadily with the demand. Second, the recent bifurcation of BTC has led many to experience the thrill of additional revenue, so BTC has been distributing candy all along, causing many to buy in large quantities of BTC

[parassinghal]

The price is rising because bitcoin becomes the no. one crytocurrency in the whole world. Due to which they are attracting toward bitcoin. And as the no. of people increasing the demand is also increasing and the supply is less. So this is the reason of its rising value.

[Mr.Ease]

Hedge funds, investment managers, and the almighty futures market is near to open...
Bitcoin is the recognized cryptocurrency with the best minds developing it.

It should be valuable, and it could definitely go more...
This is what we call MOON!

[BCTalkaccountforsale]

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

Increasing bitcoin is a big advantage for people who are taking bitcoin, so high bitcoin costs are not surprising as bitcoins are becoming increasingly popular and widely used, so bitcoin prices are not too surprising.

[Denies]

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

many people are holding bitcoins, requests are too many until their value is not controlled and becomes very expensive. this is advantageous if you have bitcoin. there is no bubble because in crypto all can happen

[Md Saad]

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

Definitely, day by day many developed countries are considering this platform for the future purpose. Already South Korea has collected a lot Bitcoin for their reserve. The Australian government also has taken an initiative regarding this issue. Not only that Japan and Canada both countries have approved this platform, that's why this virtual currency is getting accepted and becoming credible day by day.
In the meantime, Bitcoin has been unbelievable expensive price because of the highly profitable platform. people are becoming dependent on this system day by day for the purpose of making a profit. That's why the price of Bitcoin is getting high nowadays.