Why is bitcoin price so high?

[Ibrahim60]

Now bitcoin price is so much high. I think bitcoin production rate is lower than demand. Also now too many people trust bitcoin and use bitcoin. So bitcoin price increase day by day and Bitcoin price is so high.

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[LANZ777]

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

I don't know why the price is so high,but l believe on what they say it's  because the want to promote bitcoin and be ready for the cashless world. But price increase is favor to all bitcoiners because  they will profit a big amount because it will multiply the cost of bitcoin. Profit here is amazing it will 10 times or more, so there are lots of educated here joining and left their jobs. Because they experience as a partime job that their profit is very much higher than their salary. Bitcoin is better than anything else.

[solarphys]

if we invest a small amount of our money, of course, will earn a little profit, the investors who many money will invest a lot to get a big profit, given the price of always rising bitcoin uncontrolled.

We should keep in mind that changes in the exchange rate (up or down) apply equally to everyone no matter the size of their investment.  So as a percentage of the amount invested, it doesn't matter if you are looking at 0.1, 1 or 10 btc.  The relative gain or loss as a percentage is the same for everyone.

[btccointalk]

Because of its demand rising everyday...and it will keep on rising

[Sithara007]

Because of its demand rising everyday...and it will keep on rising

Demand is rising due to a number of reasons. But the most important reason is that the Bitcoin futures listing by CBOE/CME. The listing is going to happen within the next few hours and we can expect wild swings in the exchange rates. Till now, only the amateur crypto enthusiasts were trying to manipulate the Bitcoin prices. But from tomorrow onward, the wall street giants will enter the scene.

[White32]

Maybe because the bitcoin has 6million remaining to mined and the demand is rising day by day..

[Brigalabdis]

Bitcoin must high by the higher buy order than sell order. If the whale must sell their coins the coins must be dump then if the coin was hold, coin must be pump because the flow of the coins by the supply. Whales must control the market price of the coins.

[MaggieDeng]

It's a time-related question. It's not high compared to the future price, it could be hight compared to last month. Investment is always a call to doing a lot of research and learn from mistakes.

[4U]

The reason why bitcoin is gaining it's income or profit it's because it is getting a massive amount of attention and population. many big companies are joining because they finally recognized that bitcoin is getting popularity to users. Bitcoin is getting higher profit because of the increase of members ( users or investors). and because of that, the bitcoin community became the most popular cryptocurrency.

Bitcoin is now accepted by a lot of countries and now some rich countries have also accepted bitcoin so its demand go very high and still there are a lot of rich companies are in waiting in next year there will be some companies who will join bitcoin which mean bitcoin is now very useful for every one and that’s the reason that bitcoin price go high but it’s not fix here its price will go more high and will keep going so best of luck bitcoin.

[kurian]

As more investors came in. The popularity increased thereby, more people came to know what is bitcoin and they started to invest as the demand increased, price also increased.. Now market is controlled by big investors.

[brontosaurus]

Because people become mad when they see such a thing which could give them enormous return in just a few days. I think btc is merely increasing because people want to buy such an investment. No one is really bothered about blockchain or any technology. Currently, koreans are pumping it way too much causing price surge in korean exchanges especially bithumb we saw the same thing done by Indians just a few days ago.

[huige007]

The reason why bitcoin is gaining it's income or profit it's because it is getting a massive amount of attention and population. many big companies are joining because they finally recognized that bitcoin is getting popularity to users. Bitcoin is getting higher profit because of the increase of members ( users or investors). and because of that, the bitcoin community became the most popular cryptocurrency.

Bitcoin prices are increasing just because it is following basic economics law i.e. with the increase in demand, the prices of a commodity increase. Bitcoin is indeed an attraction for many especially for rich people now. Many businessmen, billionaires, large companies are now accepting bitcoin and investing into it just because it is the best way of saving your money and taking high profit on it. In short, increase in investors is increasing prices.

[steadyrice]

I think the main reason is the increasing interest in Bitcoin. This also means there are many people who invest in Bitcoin.

[rfcdejong]

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

We can not know whether this price is really high or not. When bitcoin will costs $50000 or more, $18000 will not seem to be such a great price for one bitcoin

[moooonu]

Bitcoin is the first one crypto currency to come into existence. Also recently its transactions as well as demand increased. Due to high demand its price is increasing too. Also many currencies depends on bitcoin so in other way its bitcoin who's in play

[Mind Control]

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

I doubt this being a bubble since a bubble bursts quickly. We are seeing the result of being volatile and the result of exponential growth of Bitcoin supporters. The knowledge about Bitcoin increases quickly and all began jumping in simultaneously. In short, the demand for Bitcoin is rapidly increasing and based from the law of demand, look at the price.

[b1k4ng]

With the increasing demand for bitcoin, the price will automatically rise again as the number of requests. so people start collecting bitcoins and start making the means to make a lot of profit

[Mrliberty]

First we must understand what drives bitcoin price and, in particular, this boom. The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges.

The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first BTC futures products.

[darkangel11]

First we must understand what drives bitcoin price and, in particular, this boom. The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges.

The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first BTC futures products.

There's more. The current situation in some countries drives people into alternative forms of money. Korea is on the verge of war with the North and they have giant BTC exchange that is driving the prices up. They have also started taking BTC payments in their biggest shopping mall, that's enough to let people know about this new form of electronic money. Then there's the situation in Zimbabwe...

[bitcad4u]

First we must understand what drives bitcoin price and, in particular, this boom. The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges.

The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first BTC futures products.

There's more. The current situation in some countries drives people into alternative forms of money. Korea is on the verge of war with the North and they have giant BTC exchange that is driving the prices up. They have also started taking BTC payments in their biggest shopping mall, that's enough to let people know about this new form of electronic money. Then there's the situation in Zimbabwe...

The bitcoin price was so high because it's a digital currency system and it price was increased day by day it's fully based on online process and computer internet in future it's rule a world because it fully online transaction like digital currency it's can buy now it in the Amazon and in future all accept this only so all are buying bitcoin so investment in Bitcoin is high so the bitcoin price was high.