Why is bitcoin price so high?

[Creating N Action]

For me, the reason why bitcoin price so high because this is the new cryptocurrency. The bitcoin price so high because of Its demand as well as the limited supply. Many people attracts on the higher price of bitcoin. Everyday the bitcoin price continuously increasing because of the demand. They join in the different campaign so that they can earn lots of money. They do what is being ask on the said campaign so that they can get the exact amount of their bitcoin. Many countries accepts bitcoins because they  believe that it helps thier economy to grow. The bitcoin price get higher and higher because they want to help many people to become bitcoin millionaire so that they can really enjoy working on bitcoin and use it for their future.

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[ritot]

Limited number, hype, new people and new money of Bitcoins created a price. A lot of lost and forgotten BTC this also affects the price. It's not gold, it's better.

 

[Dexion]

Bitcoin is the best crypto currency in the world and so people buy bitcoin and after some days they sell it. Nowadays people know that bitcoin price always increasing and someone hold and someone sell their bitcoin. Bitcoin has that power to make her own strong. Bitcoin is always better crypto and then bitcoin price going high.

yes, I agree with you. one of the causes of today's bitcoin as the best digital currency, is because every day the bitcoin volume and spreading continue to increase. even if already a lot of big investors are joining in bitcoin, i'm sure big things will happen

[africa34]

For me, the reason why bitcoin price so high because this is the new cryptocurrency. The bitcoin price so high because of Its demand as well as the limited supply. Many people attracts on the higher price of bitcoin. Everyday the bitcoin price continuously increasing because of the demand. They join in the different campaign so that they can earn lots of money. They do what is being ask on the said campaign so that they can get the exact amount of their bitcoin. Many countries accepts bitcoins because they  believe that it helps thier economy to grow. The bitcoin price get higher and higher because they want to help many people to become bitcoin millionaire so that they can really enjoy working on bitcoin and use it for their future.

Yes the demand and supply is who controls the price of bitcoin , but you need to know the reasons why the demend of bitcoin are high ? and why people buy bitcoin ? , because the bitcoin new money  easy to use , fast , anonymous and with low fees.

[Clavulanic]

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

Well i believe that people really wanted to have more bitcoin for the future and it is really getting more popular each day and we really see that bitcoin is really a good source of extra income.And people really wanted to make profit with the help of bitcoin that is why tbey almost got crazy about bitcoin because it is really so helpful on gaining more extra income which is so helpful.

[Rsj91]

Probably because of acceptance and community support

[fishbonez11]

Law of supply and demand. Bitcoin has become more and more popular to people all over the world. The more people becoming interested and investing in bitcoin, the higher the price will become.

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

Are the gains real? For me as of the moment, yes they are. Is this a bubble? I don't know, possibly. Generally speaking, I see the world jumping from one thing to another. And that is one reality that we all observe. Bitcoin is indeed profitable at the moment. When is the time it will fall down or be replaced? We don't know.

[JCLee]

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

Bitcoin prices are very high due to various reasons, because Bitcoin is attracting investors, even newcomers to borrow money to invest in Bitcoin. Also due to the limited number of BTC, the demand more than supply also makes the price of BTC is always high, even the BTC phase is low but it is rising again very quickly. A lot of people invest in BTC and have made huge profits from it 

[Marucya]

The price bitcoin is really too different from the other altcoys. This is explained by the fact that bitkoyn was the first crypto currency and a significant part of the population still know only bitkoyna from crypto currency. In addition, the media mainly talk about bitkoyne and its significant value. All this has led to the fact that it is currently used most bitkoyn popularity. In addition, given the significant cost of bitcoin, more people are getting involved in investing in it, generating a rush demand, which leads to a further increase in the rate of bitcoin.

[MikesLeo]

As there is an increasing demand for bitcoin, the supply raised and people does sell bitcoin to gain few profits. finally bitcoin price become high. we have to understand bitcoin is the first crypto currency.

[Akash1243]

As more and more people are investing in bitcoins and price depends heavily depends upon the demand.The price increase of bitcoins has attracted many people as everyone wants to earn profits from bitcoins so they has invested on bitcoins thus causing the pump.Well, bitcoins prices will be higher in future as there are limited amount of them.

[chiefthor]

It is because many group of enthusiasts bought and held bitcoin and will not sell it at any current price. More and more bitcoin fans are entering into this group and they are driving up demand increases.

[kier010]

bitcoin become more popular so many start to invest as a result the demand increase but with low supply so the outcome would be the price will pump.

[Beatcoin.it]

The ask went higher day by day, the offer can’t follow so the price went extremely expensive but we have to wait and see the ask grow and make the price reach insane value.

[Dorky]

The price of bitcoin is very high compared to the past years  but it is still very cheap compared to next years. Very few of the world's population has invested in Bitcoin and  the number is increasing day by day. In this case  the price increase is quite natural.

[zuculini]

 I believe some people using bitcoin and there is even more happening at the underground level.

[reingelz09]

Bitcoin price so high because of hodlers! too many hodlers of bitcoin cause the quantity of bitcoins lesser circulation and the demand for bitcoin is so high.

[sneeze11]

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

It is high because now the bitcoin is so popular and many of the people want to have a single account to it. The price of it are so high than on the past years because now this time bitcoin are still increase it's price because the people using this are still increasing.

[josephpogi]

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

Base on my research bitcoin supply is limited only for 21million and i see that 16million-17million plus is already mined by miners so  if the bitcoin reach the supply of 21 million the bitcoin price will go increase much more because the demand is high.

[Sihab76]

Bitcoin price are increasing at a high speed so that a 🚀 rocket can do. But it is very astonishing news for bitcoin user. If this price is continuing, bitcoin will fall in danger. When people invest a little bit and hold huge amount it is the prime factor fot increasing Bitcoin price.