Why is bitcoin price so high?

[batang_bitcoin]

Is this a bubble?

Again I'd read another person asking if bitcoin is a bubble. The charts will tell itself that bitcoin isn't a bubble or never been into a bubble. This is just a normal demand that's increasing because of good news and people are attracted to it's value so it's surprising that it's value gets higher and higher.

Are the gains real?

Yes it is, if you haven't been into bitcoin and you still into learning things about it once you get serious around and make some gain, you'll definitely answer this question.

[1714125497]

1714125497

[1714125497]

1714125497

[1714125497]

1714125497

[bujtar]

Bubble maybe, but it will go up even more

[GreenBits]

The price of bitcoin is so high because the bitcoin become the number one cryptocurrency in all over the country and people know about bitcoin in all over the world  and more people attracted towards the bitcoin in daily life because by seeing the price of bitcoin very high rate and it countinously increasing rapidly . So people attract towards the bitcoin is more to earn the more money in less time which help them to become rich .

the price is so high because pure fomo. plain and simple.

this boils down to two types of people that purchase bitcoin; those that reposiition value inside of the system, or use value created in the system, and those that use value from outside to purchase bitcoin. if you are of the former, you know that this price level seems like a temporary thing. we are more likely to ride bitcoin up, then get off and go into other alts for increased profit. we have seen a major bull market before, and some of us have not forgotten.

the later is most of the folks that just got in. to not already have value in place at this point means you are new, this also means you are more likely to suffer major hurt as you will not recognize when to escape. be careful. these gain percentages can easily be loss percentages.

[Drnice]

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

Oh yes, the gains are real. The high rise in the price of bitcoin is caused mainly by the new investors and users of bitcoin on daily basis, which is making the market system unequal (ie higher demands to total supply). And also,  most people willingly hold to their coins to create room for scarcity making the price rise.

[cotton ball]

Bitcoin develops with a high comfort factor, people who feel positive effects continue to grow and market volumes grow rapidly, high bitcoin price factor this year can not be separated from the number of hardfork emerging and the appearance of many ICOs that increase bitcoin as the main conversion, even china, korea, or even Singapore does not have an overly negative effect because the country chooses to simply spread the issue and intends to improve stricter regulations. Controversy will only make people more curious because bitcoin awaken people about decentralization.

[grumpy619]

I hear all the time from friends, colleagues and another, that tell me im mad one, keeping my money in bitcoins, because bitcoin is a bubble and soon it will down to zero! I tried to prove my point of view, but now I'm just waiting for times when I will not  have to prove anything. When bitcoin hits 100000$ or more. The prices so high, because many new people are coming to cryptoworld and bitcoin is the first thing what they want to buy.

[GoodLuck2]

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.

Yes you are right the value of Bitcoin is so high in the present market because of many reasons. The most obvious among all of them is that is the rate at which BTC is being invested in terms of international markets is becoming higher and higher. As a result of this investment and trading of this digital currency has taken up too much speed resulting in the value of a BTC to rise up to $15k just in a period of few months.

[jhuliacrysty]

bitcoin prices are increasingly high because of the large demand as well as the considerable role of investors that cause large bubbles for bitcoin.
and in some countries accept these bitcoin currencies so it's pretty clear to us why bitcoin prices are getting higher and soaring.

[Sadnu]

So the price of bitcoins is rising because of its demand. Demand for people who want to know whether bitcoins can change their life. And one of the reasons is the rapidly increasing price of bitcoins. So many want to invest in it because of the fast return of profit. Even in one day it's possible to grow almost 30% of the investment so I'm not surprised that many will actually enter the world of crypto

[Memenya]

What make you think that the gain is not real? All gain is real no need to doubt it.
Price high since people demand to bitcoin increasing in every time make price jump so high.

[Kronos21]

So the price of bitcoins is rising because of its demand. Demand for people who want to know whether bitcoins can change their life. And one of the reasons is the rapidly increasing price of bitcoins. So many want to invest in it because of the fast return of profit. Even in one day it's possible to grow almost 30% of the investment so I'm not surprised that many will actually enter the world of crypto

Such a large income from rising prices for the bitcoins may attract new users and scare them away. Everyone sees this price increase signs of a bubble. You agree with that? It seems to me that not all people with bitcoin for a long time until the end confident that bitcoin will live long. All go with the flow and hope for the best.

[YRFCHIPOJNP]

have you ever heard about swollen bubble

[xkatarinax]

Because it becomes more popular. And now it is starting to be involved into worldwide payment system

[Bitcoin_Delivery]

Because it becomes more popular. And now it is starting to be involved into worldwide payment system

In addition hardfork is also very big effect in increasing the price of bitcoin now this year has happened hardfork more than 3x this makes the price at the pump to the moon. I'm sure next year the price will go crazy again

[BitcoinPC]

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

Now i am thinking it is a real gains. Because of many reasons, but main thing is that bubble can't run in a long time, now we see last 2 months bitcoin continuously increase, so in my thinking it is a real gain, it is not look like a bubble.   

[Dani33]

Because much people are investing seeing the price that growth day by day and many companies are starting to accept bitcoin, so it are becoming more popular

[sjdaqwx878]

people themselves determine the value of bitcoin and bitcoin will grow much more than now, although we think that the price is already big for bitcoin, this is just the beginning, we will still see the power of bitcoin

[DaftAjax]

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

Well this is a forum indeed, whatever our perspectives may be, it only matters if one of them could prove their statements are true.

I for one, ensures you that this is not a bubble and it is definitely a gain. Last year, the same questions are asked, same answeres are stated, that this is a bubble and the gains are not real. But look at it now, the price from last year's pump was tripled. They've even predicted that, this is going to be the its last highest price - now it still continues to rise, are you still going doubt Bitcoin? Are you still going to call it a bubble?

If you really wanted more clarifications, compare the price charts every year, I doubt you wound't agree with me.

[crytomusica]

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...

You made a good point but I believe there is even more happening at the underground level which we have now news about it. How do I know it? Price graph tells me so.

[xiboothrezi]

theoretically, the higher the demand and supply is limited, the higher the price. so logically, many want to buy bitcoin, while the amount of bitcoin is limited, so investors will buy whatever price is offered so the price is higher.