Why BTC is having a high price?

[aditya6997]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

[mahilchii]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin has high price because the demand for it is very high. Normally for anything which has high demand has high price. Not only the demand, the popularity, technology and usage drives this crypto price higher and higher every day. As you said Bitcoin price is high but as of now the price is low compared to the last year high price it achieved.

[kyucryp]

all the price increases, including bitcoin caused by the demand (demand) is greater than the amount of supply (supply), the investors who began to believe with cryptocurrency and the legality of bitcoin in some major countries to make the higher the bitcoin price.

[amih]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

the answer is quite simple: on the economic principle of trade is when bitcoin prices increase, it means the amount between bitcoin supplies is less than the market demand for bitcoin. besides that it causes very many investors to invest in bitcoin because bitcoin can be trusted as a form of investment that has great potential for the future and of course this is seen from some advantages possessed by bitcoin.

[Idrisu]

The demand is very high and it is forces of demand and supply that determines the price. Many people has started to be aware of bitcoin and other crypto currencies since last year and many people see that bitcoin provide opportunities for one to make quick money through investment and since they buying the price keep increasing.

[BigBos]

demand from its users, making bitcoin prices high. in addition, many bitcoin functions that make bitcoin have a very high price. and most likely, the price will be higher, because many countries have been interested in blockchain technology.

[fiulpro]

It's not even high...
It's very close to 6 lakhs and..that's nowhere near high ..
It's just recovering from...the sudden shock it got from high number of whales selling out the bitcoins and encashing them.
It will recover more in the coming days ..
It's just starting to recover ...not recovering fast !

[Ararbermas]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

mass adaption is the specific reason why the price always rocketed which is  due to the demands and supply that can make the growth rate increase in the market . In short if there's massive demand in the market the price will grow and it will plunges if more holders dump and covert it into another alt and etc. 

[samcrypto]

Well a lot of good things happened last year and I think its too late to know the reason why maybe we should focus more on the current trend. Btc is a good coin and deserve its price right now, but it seems like the market are still preparing for something big so I expect higher value of bitcoin at the end of 2018.

[nik009]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The popularity of bitcoin is growing, a lot of advertising, on television too, people are interested and investing. More and more countries legalize bitcoin. this is just the beginning of a high price 

[yugyug]

According to the law of economics of supply and demand, when the demand is high and the supply is low or limited then the price is high. So this is what happen to the price of bitcoin because of the demand it was triggered last year when the Japan Government serve bitcoin as a legal tender to their country. Then it reached almost 20k USD all time high on December 2017, even if the value drop from 20k down to 8k this month it is still quite high compared to last year's price with the same month.

[diva.man]

The characteristics of bitcoin decentralization and the fixed amount of money are a good counter to the domestic inflation problem. People know BTC through the Internet.

However, there are some risks in virtual currencies such as bitcoin, but there are still many users who participate in bitcoin and cause the price of BTC to rise!

[murgorx]

The characteristics of bitcoin decentralization and the fixed amount of money are a good counter to the domestic inflation problem. People know BTC through the Internet.

However, there are some risks in virtual currencies such as bitcoin, but there are still many users who participate in bitcoin and cause the price of BTC to rise!

Ye, wait until they implement the Lightning Network and you will say Bye-bye to the decentralization Bitcoin was made against the banks and now it's slowly turning into one! The price may dump and soon there would be another top1 currency imo. We will see ofc how it would play out, though.

[rizkyhiw]

The most important that bitcoin has the highest price of other coins is the amount that adopts a large amount of bitcoin in a time that is fast enough for me, there is also a large open mining company in every developed country is also a plus for bitcoin, a very active market the increasing amount of bitcoin in every country until it becomes a legitimate means of payment, it becomes a reliable value for a country that legalizes bitcoin, believing that it can lift the people's economy as well as the country are all positive bitcoin sides today.

[kanayaTabitha]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

for now is unpredictable because bitcoin prices are influenced by global markets where demand is more during winter. so far I have seen from 3 years ago bitcoin prices always increase during the middle of the year until the end of the year.

[boyknightvn]

I think because the appearance of ICO coin so the demand is higher and its potential development make BTC have a high price

[Kidmat]

demand from its users, making bitcoin prices high. in addition, many bitcoin functions that make bitcoin have a very high price. and most likely, the price will be higher, because many countries have been interested in blockchain technology.

We all know once their is demand the value increases, the users are into buying bitcoin. It increases the value daily the market is very active and changing it's price. Yes, many people becomes interested in this technology because we think of the profit that we can have.

[zhanghoqi5]

Because of the huge space of daydream, bitcoin is a huge controversy, so it shows that the fluctuation range of far more than other investment products, naturally suitable for hot money speculation.

The bitcoin market does not need to be leveraged, and it can be several or even dozens of times more profitable than the volatility of the bitcoin itself.

Prices go up because there are so many people investing.

[DJCanh]

There can be a lot of theory
Because BTC is first
Mystery of Satoshi
Popularity
Etc...

[Somratbd]

Bitcoin has high prices because bitcoin is the cheapest bidet in the Bitcoin crypto currency. Last year, Bitcoin's value was $ 5000. At present, bitcoin is worth $ 8500. I believe that in the end of 2019, Bitcoin will be worth $ 20000 bitcoin inventions result in people's benefits. Therefore, the price of Bitcoin will move towards higher level.

[Harlot]

I think that a lot of factors pushed Bitcoin's price to where it is now. From whales pushing it up to the participation of huge financial institutions. Not to mention a lot of countries have open their own exchanges late of 2017 which caused a lot of new people interested in the cryptocurrency market. With all that being said the demand was spectacular last year as generally a lot of people participated in the market.

[denny27]

About that., I just have thought that's because bitcoin increasingly in demand of many people, and all its advantages more visible among many people. And not only that, of course, many people who're just tried till feel more interested and finally feel comfortable with it. Well the point is that bitcoin develops well from time to time until its popularity is increasing among many people.

[Haterstestbtc]

I think that a lot of factors pushed Bitcoin's price to where it is now. From whales pushing it up to the participation of huge financial institutions. Not to mention a lot of countries have open their own exchanges late of 2017 which caused a lot of new people interested in the cryptocurrency market. With all that being said the demand was spectacular last year as generally a lot of people participated in the market.

Yeah, absolutely factors having the price will up very fast because of public trust making the demand of bitcoin are definately increases promisingly and with that a lot of countries will support for the campaign making investors of bitcoin suddenly increasing due to the fact that it was good to invest of a million dollars that it gets.

[Pancheng]

Bitcoin is like a auction where in more buyers can influence the high increase of Bitcoin price like when someone bid for 500 then someone else will say 650 until it reach the high price as of today, since bitcoin amount is limited.

[rajkr]

The demand of BTC has increased in previous years that is why its value has seen a good spike. In last year december the crypto exchanges were having a long waiting list for  KYC completion . Large number of people are interested in BTC .

[richminded]

There can be a lot of theory
Because BTC is first
Mystery of Satoshi
Popularity
Etc...

Yeah, so better to focus on your portfolio instead of thinking why bitcoin is still remain on top. We tackle this thing already and until now there's no specific answer for this. Bitcoin is a kind of technology that help us to do better and I believe it will continue to make more people rich. Hope the price of bitcoin can bounce this month and also all the altcoins.

[doge_shit666]

I think that the price of Bitcoin is rising because of the speculators they have deliberately inflated Bitcoin prices. Then sold to profit, but with advanced technology and superiority, Bitcoin has not broken up but also grows more. That is why Bitcoin is so strong today. More and more people are coming to Bitcoin. So in the future Bitcoin prices continue to rise.

[poplolnman]

I think because the appearance of ICO coin so the demand is higher and its potential development make BTC have a high price

Exactly! ICO offers you a crazy ROI , makes people even a common people interested to give a shot and once they did it , they feel it's worthy investment. Well that's just one of many factors we might have seen during 2017 , it was great time , historical time for Bitcoin to move up 20x! We might wouldn't see it again , not now not soon.

[BitcoinLoan]

About that., I just have thought that's because bitcoin increasingly in demand of many people, and all its advantages more visible among many people. And not only that, of course, many people who're just tried till feel more interested and finally feel comfortable with it. Well the point is that bitcoin develops well from time to time until its popularity is increasing among many people.

One thing we've learned is that it can be hard to predict bitcoin fees in advance, and there may be large swings, so having a solution like Lightning with very low fees on the network is key.Constant development supports high price.

[mOgliE]

Hi,

Nobody knows exactly the reason behind it.

There are several explanatory factors: announcement from countries (either good or bad for bitcoin), company statements, period of the year...
It is hard to see the proportional weight of each of these factors.

What we know is that the environment is complex and trying to foresee the future is.. quite impossibe!

[reynilynedago]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

because of fud so people sell their bitcoin and rich people buy a lot of bitcoins and theres a lot of goodnews so i think this 2018 it will rise more than 2017 because as you see every end of the year bitcoin increase a lot and it alwayss decrease after january so be prefare always to buy and sell it if you want or regret dont take the big risk sell it whne its needed.

[CHENIEN]

This is a certain question that talks about positive life status of bitcoin, on how bitcoin being valuable in terms of their price level. If we try to look back before, as what bitcoin started before on the line of business, the price of bitcoin is very cheap, that only few people interested to access. But when bitcoin price grows slowly, people also increased who accessed bitcoin, and the demand increased, and resulting into rapid increase of price, but the main reason why bitcoin price high, because as what the statistics survey of bitcoin enthusiasts that the remaining stocks of bitcoin in the market today are only 20% more or less. That's why price of bitcoin is so expensive. That those bitcoin stocks before are now owned and holds by capitalists or large investors.

[JerryJam]

Yes, demand plays a significant role in the price of bitcoin. But there are other factors affecting its rate, For example, the launch of futures for bitcoin.The prospect of such opportunities will give large investors to "warm up" the market and enrich when the bitcoin rate goes down.When making very large transactions bitcoin rate increases.

[cryptojac17]

The demand is very high and it is forces of demand and supply that determines the price. Many people has started to be aware of bitcoin and other crypto currencies since last year and many people see that bitcoin provide opportunities for one to make quick money through investment and since they buying the price keep increasing.

There are lots of factors that affect bitcoin  price  but basically it always follow of law of supply and demand if majority of the people hold the market place is starving and the results will make bitcoin price goes high and while the people dump and bitcoin flooding in the market place it causes the price go down.

[Dontme]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The demand is become higher and higher and I was thinking that the market is just like before. From the very beginning of the year(last year) bitcoin is not yet exploding I remember that it is hard for bitcoin to reach $1000 and when we are in the midst we can see that bitcoin is slowly rising until it reach $19k in December. It's just only a matter of time, we need patience.

[fonenumba]

Bitcoin and all crypto have high price because that whales over pumped to in speculation intrestings to get so much profit to there pockets , that is simple , crypto do not need to cost so much thats why we have so big correction now !

[yuukireit]

if you read a book about economic you will understand how
bitcoin is like a product but the supply is not many, and the demand of the product is suprisingly high, so it can be maximize the price because many people want to use it

[Crypto-mim]

Bitcoin is now high price and also growing so high as well. It is the most uses and now very popular virtual coin. People like to invest more popular coin and so bitcoin price is so high. And main think is limited coin.

[jakagintiri]

I see bitcoin is very likely to profit a lot, no wonder for now many bitcoin fans around the world, the number of people to buy bitcoin many opportunities also has a very high value, not until then there is also good news when now potentially will be the development of bitcoin in the future front, it strengthens the bitcoin to dominate all the coins.

[Pixyoxx]

Prises have rise because of the multiple speculation going on over bitcoins. Also it is the first and foremost cryptocurrency to be ever launched. And since in recent times, many new cryptocurrencies have been launched which brough allot of speculation for bitcoins as to what will happen with bitcoins and where will it go and many other speculative predictions. This brings about more buz in the market and ends up increase in pricing.

[zander09]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

We all know that the value of bitcoin are volatile and that have a great potential, the performance of bitcoin last year was great it's rapidly rising and reached the $20,000. The main reason is the supply and demand.

[portotoi]

I am not really particular on the reason why bitcoin is having a high price. But the reason why bitcoin price goes down and that is the effect of the demands of the bitcoin supply.

[Breackup]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The popularity of bitcoin is growing, a lot of advertising, on television too, people are interested and investing. More and more countries legalize bitcoin. this is just the beginning of a high price 

You are right .Bitcoin's price is high. Anything is so valuable when its needs are high. Bitcoin's demand is a lot more which makes Bitcoin worth. Bitcoin  is the result of modern use of technology. As a result, the popularity of day by day is increasing. Bitcoin's supply is limited. The result is too much demand. Bitcoin also offers many benefits to its users. As you can see, the fate of many people has changed after Bitcoin joined, and they have developed economically. Day by day members are increasing. Bitcoin is a truly innovative discovery.

[curry30]

because bitcoin has high preference and high value, bitcoin is one of the most important and has the highest price and exchanges in exchangers .so everyone who is in the bitcoin is the one most wanted to buy or buy and put into their wallet.

[btccrusher]

Bitcoin is high price because of its high demand in the market and it already takes place in real life. But if we think deeply, Bitcoin's price is not too high compared to other cryptocurrencies. Let me make it clear. See the price 42-coin, RMC, ETH, Bitcoin Cash, Dash all these coins were created from the idea of Bitcoin. These coins price are high too. Depending on demands and supply of the mentioned coin, they are high in price.

For references see at coinmarketcap:
42-Coin - $23,819.70 USD (-19.55%)  - https://coinmarketcap.com/currencies/42-coin/
Bitcoin Cash - $997.98 USD (-5.16%) - https://coinmarketcap.com/currencies/bitcoin-cash/
Discover more at your own reaserch.

[ELEL_ELEL]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin is having a high price to promote that bitcoin is the best currency to the whole world. And because of the high price of bitcoin many people are attracted to to bitcoin because bitcoin is getting higher. Which everyone is the only hope.

[Bezobraznike]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin is having a high price to promote that bitcoin is the best currency to the whole world. And because of the high price of bitcoin many people are attracted to to bitcoin because bitcoin is getting higher. Which everyone is the only hope.

   The most funny comment on this forum! But average mind do think like
that I presume, all that is matter is high price and as long as it is growing
people will come.
   Popularity is responsible for high price cause more popular means demand
is rising. With same supply price can just grow, Bitcoin have halving so every
4 years there will be less supply, logically price should grow.
   Speculations, supply and demand, manipulations of many kinds inflict on
price, this things are responsible when price is going up or down.

[alroys]

at the beginning of the emergence, bitcoin very cheap can even say no price. but because Bitcoin has a good future, with the ease and modern work system that many people are interested in. interest so much, make the price of Bitcoin very high.

[GreatBug]

People want to invest in it which mean that more and more btc is needed, thanks to that bitcoin is developing faster and getting more and more popular which make it's price that big.

[SixOfFive]

What I understand there are 2 reasons behind the high price of BTC:
1. High demand and limited supply
2. BTC is trending: It has become a trend to buy and HODL BTC. High demand is created because of this trend. There is optimism created in the market that BTC will go to moon, after seeing its past growth.

[liseff3]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The high price of BTC are real economic forces of supply and demand if compared to other coins, for example altcoin. In addition to its much-admired popularity, bitcoin also has other advantages namely its contrasting properties (which aren't owned by other coins) "the more restrictions the government makes, the more people use them".

[palle11]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

It is about awareness. The cryptocurrency is growing in strength and more people are beginning to adopt it, thats why bitcoin is getting more attention. More investors are putting money and this is growing the market faster, so price too can't be stagnant.

[onrise]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

We all know that the value of bitcoin are volatile and that have a great potential, the performance of bitcoin last year was great it's rapidly rising and reached the $20,000. The main reason is the supply and demand.

The price of the btc is quite low when we compare with its all time high. It is still only at 8500$ which is less than half of the high. Hopefully we should cross 20k mark this year end and this will help the people to make some money by investing in btc.

[futuret]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The trend of getting higher profits from little investment. This is main thing that have driven bitcoins so amazingly fast that now they are getting such tremendous fame and popularity from people throughout the world. They have been rising from one thousand to such $21000 within a year. Although bitocins are unstable and they are going up and down every time but still they are incredible.

[el kaka22]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin has high price because the demand for it is very high. Normally for anything which has high demand has high price. Not only the demand, the popularity, technology and usage drives this crypto price higher and higher every day. As you said Bitcoin price is high but as of now the price is low compared to the last year high price it achieved.

Absolutely, everything in the market regarding the value is basically centered on demand and supply. Last year, demand got so huge and people took it fast to start loading up for the next way to the moon and that was absolutely all that happened. It is a normal thing for a decentralized market anyway, with respect to the fact that no one controls it, but that can give room for manipulations by whales.

OP's is this really supposed to be a question for debate? We already know how people got so greedy and switched into the FOMO mode last year with bitcoin increasing and increasing nonstop and almost even got past the moon. The demand increased, we had a huge pump as some believe it was as a result of a high level of manipulation, but at the same time, it is really nothing much as we are here now correcting from it.

[Activitycoin]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

We all know that the value of bitcoin are volatile and that have a great potential, the performance of bitcoin last year was great it's rapidly rising and reached the $20,000. The main reason is the supply and demand.

It is great news that bitcoin s increasing very high again, and till the end of bitcoin year we will see price very high, investment of bitcoin is now increasing and people are buying bitcoin to save for long time which is making bitcoin demand higher than the supply in our market so as we know bitcoin high demand and low sully makes price high so it is happening now, soon we will see bitcoin most expensive currency and at the most demanded currency.

[Bezobraznike]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

We all know that the value of bitcoin are volatile and that have a great potential, the performance of bitcoin last year was great it's rapidly rising and reached the $20,000. The main reason is the supply and demand.

It is great news that bitcoin s increasing very high again, and till the end of bitcoin year we will see price very high, investment of bitcoin is now increasing and people are buying bitcoin to save for long time which is making bitcoin demand higher than the supply in our market so as we know bitcoin high demand and low sully makes price high so it is happening now, soon we will see bitcoin most expensive currency and at the most demanded currency.

   I wish to say Bitcoin prices does not have high price! High price is yet to come,
now we are at rocky bottom. The more I think about it, the more I realize that
high is just a point of view.
   $1000 for launch? Yes that is expensive for me, for some people it is every day
reality. Do you know how many similar examples there are? High for one person,
can be low for many others.
   Is it high or low depends from what you compare with what. I say Bitcoin price
is not high cause in my head I compare current price with possible price in 10 years.

[laluna24]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

It is about awareness. The cryptocurrency is growing in strength and more people are beginning to adopt it, thats why bitcoin is getting more attention. More investors are putting money and this is growing the market faster, so price too can't be stagnant.

Yes awareness because this cryptocurrency has become spreading its uses to all people. The more it's become well known in any part of the world the community increase. So this means the demand for btc is increasing.

[stely]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

We all know that the value of bitcoin are volatile and that have a great potential, the performance of bitcoin last year was great it's rapidly rising and reached the $20,000. The main reason is the supply and demand.

It is great news that bitcoin s increasing very high again, and till the end of bitcoin year we will see price very high, investment of bitcoin is now increasing and people are buying bitcoin to save for long time which is making bitcoin demand higher than the supply in our market so as we know bitcoin high demand and low sully makes price high so it is happening now, soon we will see bitcoin most expensive currency and at the most demanded currency.

   I wish to say Bitcoin prices does not have high price! High price is yet to come,
now we are at rocky bottom. The more I think about it, the more I realize that
high is just a point of view.
   $1000 for launch? Yes that is expensive for me, for some people it is every day
reality. Do you know how many similar examples there are? High for one person,
can be low for many others.
   Is it high or low depends from what you compare with what. I say Bitcoin price
is not high cause in my head I compare current price with possible price in 10 years.

Bitcoin’s development also represented the revolution’s next phase. Less prescient investors, fearing they’d miss the opportunity of a lifetime, had jumped into the currency, spurring a frenzy.

[Darmanin]

Bitcoin is not very expensive compare to December ^^

[Rhaizan]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Yes last year it's around to $1000 and before the end of 2017 the price of bitcoin was rapidly growing he reached the $20000. But when the new year comes the price of bitcoin was slowly decrease he dropped it on $7K in february. Well this year I believe the value of bitcoin will rise again and it may reach $50K.

[Tumanggor]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

because of investor confidence in Bitcoin, rising Bitcoin prices triggered by euphoria on Bitcoin,
new investors are encouraged to buy Bitcoin for this reason new business..

[bitllionaire]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Yes last year it's around to $1000 and before the end of 2017 the price of bitcoin was rapidly growing he reached the $20000. But when the new year comes the price of bitcoin was slowly decrease he dropped it on $7K in february. Well this year I believe the value of bitcoin will rise again and it may reach $50K.

In fact we need to be patient and it is expected to see the bitcoin price trading above 30000$ in next few months, currently bitcoin is still trading so stable which indicate that in future bitcoin price will certainly reach to a very high price, therefore i think we should hold our bitcoin and should also try to buy more and more bitcoin.

[Cryptomoom1007]

The price is dependent on supply and demand and nothing. Else

The demand has increased because of Japan legalizing the currency and many other countries giving it a serious consideration

[Maricel2017]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Simply because of the demand in the market, also since bitcoin can be used as cash many people and other businesses are now using it that is why the progress of bitcoin is continue to grow.
For now the value of bitcoin constantly fluctuates because some big whales are wanting to manipulates the bitcoin value to earn huge amount of profit.

[Isaacck]

I believe that the cost of Bitcoin is rising a result of the examiners they have purposely swelled Bitcoin costs. At that point sold to benefit, yet with cutting edge innovation and predominance, Bitcoin has not separated but rather additionally develops more. That is the reason Bitcoin is so solid today. An ever increasing number of individuals are coming to Bitcoin. So later on Bitcoin costs keep on rising.

[BTC-BTC-BTC]

Bitcoin price is driven by open market. There are always affected by fake news, fomo, and main stream news. I don't think the Bitcoin price is high at all and price is what the other person is willing to pay.

[rosepetals]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

If higher demands and there were less supply in the market bitcoins price fluctuates.When people most likely to be more interested with the benefits it has made and the changes of different people lives in lifting up their way of living in doing work in bitcoin in different ways its either in investing,trading or mining.The usage of bitcoin and the adoption of investors that takes chances in investing,considering the votality of price that was been takin advantage by investors when price goes deep.These were some factors that makes bitcoin to have a high value  and since it is decentralized people use it freely with anonimity.

[EnricoGomez]

The value of bitcoin has a high price or value because of its higher demand currently. Besides the fact that bitcoin is getting more and more known and more people gaining more interest and investing. Also because they may find cryptocurrencies more convenient and secure than actual money.

[nova999]

true believers will tell people who say why so expensive ... you dont need to buy a whole btc to use it, you can but a portion of it...

[Wellyan]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Yes last year it's around to $1000 and before the end of 2017 the price of bitcoin was rapidly growing he reached the $20000. But when the new year comes the price of bitcoin was slowly decrease he dropped it on $7K in february. Well this year I believe the value of bitcoin will rise again and it may reach $50K.

In fact we need to be patient and it is expected to see the bitcoin price trading above 30000$ in next few months, currently bitcoin is still trading so stable which indicate that in future bitcoin price will certainly reach to a very high price, therefore i think we should hold our bitcoin and should also try to buy more and more bitcoin.

so sure in the next few months bitcoin will touch the price 30.000 $? does your basics say that bitcoin will reach that price. it is too risky to expect too high a price to see the current situation

[stayeduptolate]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin has gained a lot of popularity and success since it had started in the recent years. In this years it has also gained a lot of demand among the people throughout the world because of which its prices have increased a lot. This generally states that bitcoin is a successful cryptocurrencies Because its price has always increased. This is generally because of bitcoins advantages which poses  to the people. So because all these factors bitcoins price is high.

[bgaf]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoins popularity is growing and so with its acceptance and adoption by people and business establishments from around the world. With this, demand of bitcoin increases and so would the price.

[fiorilia]

high demand or market demand much against bitcoin will make the higher price bitcoin. in the future of course, later bitcoin will increasingly have a lot of interest in this big and this will be a boon for holders of the moment because it will cost more expensive bitcoin. This will continue to be comparable given the amount of the bitcoin's getting a little which makes more expensive bitcoin.

[wpc143]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

For me, the biggest bloom of the bitcoin price is because of the demand of bitcoins. When there are more investors than sellers, the price move up. When there are more sellers than investors, the price drops. The price that time is very low, that is why many people invested and made the price jump a huge gap.

[hugeblack]

A mixture of the reasons that made the Bitcoin rise to these levels but I think these are the most prominent reasons:

• Lots of good news: In 2017 a lot talked about the rise of the Bitcoin and all the channels talk that the price will rise to 100,000$
• The fame of bitcoin: social media have talked admirably about Bitcoin, also given space to communicate among currency users
• Bitcoin Forks: Free money from these hardfork
• altcoins: you need bitcoin to buy altcoins

[Yoshinoya]

Because the demand is very high and it already takes place in real life. and people like to invest more thats why bitcoin price is very high.
but i think the main reason is the supply and demand

[Kiweikoo]

I am not really particular on the reason why bitcoin is having a high price. But the reason why bitcoin price goes down and that is the effect of the demands of the bitcoin supply.

Whether if the prices are going up or coming down, it all belongs to the supply and demand rule. When things are cautiously working good and people are buying bitcoins and then keeping them, supply and demand becomes usually equal.

But when supply becomes shortage and demand is still high, prices become getting higher. And in case when supply becomes enough but demands are down, prices get down abruptly.

[JerryJam]

The price of bitcoin is influenced not by demand and supply. Influence on the course was the launch of futures. Large players fill the network with new money thereby manipulating the market. Bitcoin futures became available. And in advance buying futures you can generate a lot of transactions for the purchase and sale of bitcoin. There is a fluctuation in the prices that will be beneficial for your futures

[snowdropfore]

when bitcoin hit $100k .you can come back and say the bitcoin price is high .it is still undervalue now .

[Nfp]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin having so much price maybe because of its demand and supply. Last year is really a big boom for bitcoin when the demand of it goes to its highest that caused of lacking of its supply and led to its highest increased to its all time high.

[Ondongeric18]

Its utility by the users created an increase in price. When people saw how good it is to use bitcoin, the ratio between supply and demand changes, as the demand gets high so is the price for the bitcoin. With these scenario of rising value some people thought it might be wonderful to invest on buying and selling of bitcoins. While many are attracted to this as they saw the potential for profit, Many did the same. So as a result people came to buy and hold it even without really using it for buying products. Then bitcoin as a result become very volatile because of this.

[kapitalista]

Bitcoin having a high price one factor is affected by the law of supply and demand and one thing more is it is very popular in the worldmarket.

[jinxing]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Because bitcoin is very popular. Many requests make the bitcoin price higher. Investors are competing to buy bitcoin and trading. Moreover, government support may be the reason for bitcoin getting higher. News news can affect the fluctuation of bitcoin.

[umar22pk]

I think the main factor was supply & demand. Mostly peoples want to buy Bitcoin and very rare peoples want to sell so the demand is high which raise the price of Bitcoin.

In February some big investors sold their Bitcoins & the result is in front of you Bitcoin coming to correction.

[putrisa]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin has a very high price because the demand for bitcoin is very high and only has a very limited availability and it makes the price becomes very expensive, not only that bitcoin can be used for payments that can be used throughout the country which automatically also triggers the rise in bitcoin prices.

[GDragon]

It is because of impact of its popularity. Popularity that leads a huge demand. Bitcoin got attention of all therefore the result is immidiate pump up.

[Teagannr]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

According to the law of supply and demand, BTC price is established to the cost which customers are ready to pay. Last year beginning, the cost was 1000$, but now it has increased manifold.

[LeyAngelDevs]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin has high price because the demand for it is very high. Normally for anything which has high demand has high price. Not only the demand, the popularity, technology and usage drives this crypto price higher and higher every day. As you said Bitcoin price is high but as of now the price is low compared to the last year high price it achieved.

  ooww so that means, the demand, the popularity , the technology and usage in this year decreases? By the way, thanks for infos.

[thend1949]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin was having a high price because its the first cypto coins exist in crypto currency.And this is the most starting star that creates a financial earnings to help us.And now the alternative coins or an altcoine was follow amd ready to exist like bitcoin.

[buje micin]

btc is the first coin of crypto currency total supply btc is just a little so naturally many want to invest and make its value soar high

[maaydin]

the demand has risen significantly towards btc and when people ask for it the sellers demand higher prices as well as the media has a really important role here as there is a huge mainstream towards it.

[Alalex]

Bitcoin is of high value because the cripto money price statistics on the cripto money market are intertwined with the cash market trading assets of cripto.

I think more and more are investing cripto money so the cripto money price is getting higher and when Cripto prices down the money certainly decreases due to some active members invested cripto money.

So if the high bitcoin price rises it could be from the increasing factor of investors who are actively investing cripto money.

But this is not necessarily the truth because no one can guess from where the price of cripto money changed.

Such as swordfish, why fish are so small high in the fish market price, because fish is badly needed by the people around and fish production increases as well as make fish prices also rise high.

So almost the same as cripto money when all members invest cripto money so that the faster price increase my cripto money is the cause of cripto money price changes.

So let's invest with cripto money to keep cripto money higher.

Until now bitcoin prices still decreased, there has been no change with the price increase cripto money cripto money market.

Yesterday I invested cripto money but I do not want to take big risks because cripto money prices are starting to decline long ago.

So I'm still hesitant because it could be a big risk to me and cripto money investors.

[prtty2gal2]

Prises have rise because of the multiple speculation going on over bitcoins. Also it is the first and foremost cryptocurrency to be ever launched. And since in recent times, many new cryptocurrencies have been launched which brough allot of speculation for bitcoins as to what will happen with bitcoins and where will it go and many other speculative predictions. This brings about more buz in the market and ends up increase in pricing.

Bitcoin is available in a very limited supply. Out of 21 million, only 4 or 3 million are left to be mined out. Like you said, it was the first crypto currency invented ever, so millionaires used this one in order to transact large amounts but due to its certain features, it was used for paying also.

Then it started to gain value and the demand also increased over time. Scarce supply, ever increasing demand, millionaires investing here makes it very expensive and precious asset.

[Betwrong]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

I wouldn't call today's price, below $9,000, high. Think of how many people would buy Bitcoin if there were no FUD restraining them from doing that. This is the question of the information awareness. As soon as people realize that Bitcoin is here to stay, the adoption will start taking greater pace, and then we can see a price which indeed can be called high, like $80,000, for example. And even that price would not be the peak from where it will go down if Bitcoin was adopted by 5%-7% of the world's population, it would be just the right price for that level of adoption.

[zymoticmosis]

Bitcoin has provoked hysteria before. Over one stretch of 2013, its price surged 85-fold; it crashed the following year after a hack of the exchange Mt. Gox shook the confidence of many early devotees. It wasn’t until 2017, though, that Bitcoin hit a tipping point of mainstream popularity.

[airdagon]

hmm in my opinion, bitcoin became one of the investment options for many investors. This is because, bitcoin prices soaring high so that the main attraction for many investors or new users. Trader profits are generated from the ups and downs of prices that can happen quickly and with fantastic value. we all know that bitcoin prices can rise very sharply because Demand Increases are Not Equalized with Supply. that's the main cause of bitcoin values so high.

[miltonpogi]

Based on my observation bitcoin has a limited supply an in the moment that its demand increase, its expected that the value bitcoin will increases too.The popularity of bitcoin make also its price to increases more because it will make a huge impact in the market.

[zaicuch]

seen from the graphics of the year 2017 until now very fast bitcoin price increase, as well as the decline. judging from its lightning-fast rise and if it is expected to rise continuously, will booommm !!! What must we do??

[godactyl]

Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. But is this a bubble? Are the gains real? And are the bitcoin whales in for a sad Christmas?

[owmivmen]

Bitcoin is getting more expensive because enthusiasts are increasing and the number that can be in the mines is decreasing. For the best long-term investment in addition to ETH and other altcoins.

[Memminger]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The high price is due to the deman. Let's set an example. You have a favourite product and people are giving positive feedback about it. Since they are developing it, the deman is high therefore the price is high also. Bitcoin works just like that.

[Pendularin]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The high price is due to the deman. Let's set an example. You have a favourite product and people are giving positive feedback about it. Since they are developing it, the deman is high therefore the price is high also. Bitcoin works just like that.

People are more interested on bitcoin investment due to the capabilities and opportunities that can get huge profits. Bitcoin is much demand for the people because it can take advantage and considered as a good transaction in terms of payment, the prices is in a high rate if the demand and supply are combined with good transition of value.Bitcoin is more powerful in every kind of transactions.So having like this it can take good benefits.

[CoinsInvest9]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

When the first time I took part in crypto market, I heard that bitcoin had a high price and till now it always keep growing. As far as you know that the demand of using bitcoin is really high, even bitcoin is getting more and more popular, there are many people keep an eye on bitcoin closely because they start awaring how much benefits bitcoin bring to them. Moreover, bitcoin also helps you get money quickly in another way. Bitcoin is known for the prelude of the crypto market and it is notoriously a trustworthy coin so almost people who first time takes part in crypto always choose bitcoin foremost.

[Tenderino]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin has high price because the demand for it is very high. Normally for anything which has high demand has high price. Not only the demand, the popularity, technology and usage drives this crypto price higher and higher every day. As you said Bitcoin price is high but as of now the price is low compared to the last year high price it achieved.

At the moment when purchasing fiat money for bitcoin, you always receive bitcoin worth of the value of the money you spend. Hence, for the purchaser the bitcoin price in relation to what he receives for his fiat money is always the same.

If the bitcoin price depends on the demand as you claim, why did the demand suddenly decrease for 50% in January this year?

The price of a limited product increases with the increasing demand. But crypto currencies are in general not limited. A certain crypto coin is limited, but not crypto currencies as such. And other crypto coins also fulfill their task and there is no need to buy the famous ones.

[okwang231]

because bitcoin is used by many users here in the world so its value is higher compared to other coins because it is also possible that many investors who are interested in bitcoin are so tall as they are for me so bitcoin is high compared to other coins because it is the first coins to be invented in the world.

[yamete kudasai]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The possible reason behind this is the bosst on its popularity which made the demand high. The market value of most cryptos such as Bitcoin, is only depenxent with the market demand. Such that if the demand is increasing, the market value is rising  This reflects not only to crypto but almost all things in the msrket that if one is being indemand, it will have a high price.

[torch2121]

I would say that why BTC is having a high price is because that, it has a high demand. That is the reason why Bitcoin has a high price. Since we are in the digital age right now. Who wouldn't want an easy access to digital world on what you want to purchase and easy payment and you can do this any part on the world with the lowest transaction fee.

[babala]

Due to business rules. Once the supply is less than the demand, the price of supply increase. It also applies to BTC where there is only limited stocks compare to those who want to invest on it.

[kramat]

many people in the world who want to have bitcoin so automatically will make the price high because that's what the law of the market. the higher the demand, the higher the selling price. but the lower the demand then the lower the selling price

[Orrechorre]

The Elasticity of Demand and supply are the obvious reasons behind the Bitcoin volatility. The hype in price that happened last year was when the effective demand for Bitcoin had a very sharp increase drawing the attention of many investors, including the good news about Bitcoin after when India denounced that Bitcoin is not a scamshit coin but there are some users of it that are scrupulous. However, it's price trend had presently gone down sharply compared to that hype price periods. But we are still very much optimistic that it shall return back and very well higher by the third quarter of this year.

[1Referee]

And other crypto coins also fulfill their task and there is no need to buy the famous ones.

And what may that task be according to you? The main use that altcoins enjoy is all speculation related. The few altcoins that do somewhat serve a purpose, are very small in number. Monero is the only coin I personally consider to have technoligical value, and then one may argue that Ethereum offers technoligical value too, but that again is mainly related to speculation at this point. Monero solves a problem that Bitcoin doesn't solve, and that is quite an impressive achievement if I may say so. I personally do not hold any Monero as an investment, so it's not that I am developing a financial bias towards that specific coin. It's genuine interest purely based on its technical engineering.

[patt0]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Why do you even consider this to be a high price? I think the "problem" is exactly that, people don't really know how to value bitcoin. They can't objectively say that bitcoin at it's current state of development is worth X, and it has potencial to be worth Y in the future, because of it's roadmap. Since people can't do that, we have a lot of room for speculation, and since it's a free market, the price gets very volatile.

You say this is high, but we actually got to $20k already, and drop a lot from there. If bitcoin succeeds as a payment method or a currency, then it's price is quite low, at least comparing it to the market cap of gold and fiat. Don't forget bitcoin is scarce, so  if we have demand, the price can only go up.

[Slash61]

There are actually some reasons why bitcoin prices are so high, that is.
First, the BITCOIN INVESTOR THAT WANTS TO RETURN THE MONEY. LISTED AS SOON IN LONG TIME.
Secondly, we know that russia and japan have legalized bitcoin.
Third, supply supply continues to shrink (great influence on prices)
Fourth, reward halving.
Fifth, the rise of bitcoin mining activities.

Actually there are many factors that cause bitcoin price is so high (expensive)

[eann014]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin is very in demand that time, it is rising because a lot of investors are investing in bitcoin so they can earn profit in a short time, many investors that wants to earn in a short time so that they are thinking that if they buy immediately and sell it after they got profited they already get what they wanted and those are a smart action from those investors that most of us don't see that strategies so they buy with a high price already because they are too late comers to buy and now they already lose money because of buying bitcoins with high price.

[azulchzwang]

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.

[waqasniaz007]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

There are so many reasons for increase in price, It was around 20k$ in December. The reasons are multiple hard fork and number on increasing icos which increase its demand.

[Topaz72]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin having so much price maybe because of its demand and supply. Last year is really a big boom for bitcoin when the demand of it goes to its highest that caused of lacking of its supply and led to its highest increased to its all time high.

Yes because it is the only demand and supply which use to change the price of bitcoin in market, if people ask for bitcoin more than the availability the  demand become higher than supply which make bitcoin price very high, bitcoin has very good impact on the life of people so they buy bitcoin to secure their future and they get into digital currency to make profit, we can use bitcoin for everything and we can get good profit to save for our future, this is increasing the value of bitcoin in market gradually and the price is getting high automatically.

[MIZANUR5033]

We read about the price elasticity of demand and price elasticity of supply. The increasing the BTC price also the same reason.  In another way we know when the demand is high, the price has the high. That’s the main reason of increase the high price of BTC. When many investor or industry invest on something that’s time,that’s goods price is increasing day by day. Some of the BTC researcher say their blog , that is the one reason of high price. 
We can express it another way that is, some of the investor or some of the Bitcoin holder intend to increase the price by holding a lot of Bitcoin. Their intent is to increase the price flow and sell their Bitcoin.   

[Biggapp]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The high price is due to the deman. Let's set an example. You have a favourite product and people are giving positive feedback about it. Since they are developing it, the deman is high therefore the price is high also. Bitcoin works just like that.

People are more interested on bitcoin investment due to the capabilities and opportunities that can get huge profits. Bitcoin is much demand for the people because it can take advantage and considered as a good transaction in terms of payment, the prices is in a high rate if the demand and supply are combined with good transition of value.Bitcoin is more powerful in every kind of transactions.So having like this it can take good benefits.

The main reason is the investors who buy bitcoin are not only small ones but mostly big whales spend their money in bitcoin. Therefore, whenever a large investment is made by them, the coin rises unbelievably. In addition to this, more and more people are getting attracted towards bitcoin due to its profit promising nature. Bitcoin has the ability to change the life of its holder in a very dramatic way. It can save them from all financial crisis.

[BrentMack]

Bitcoin prices depends on demand from people. Once demand matches supply or surpasses supply then the price shoots up. Markets like the ones we have now is due to so many people dumping coins and thus increasing the supply in the market without there being enough demand to match it so prices go down.

[icecream sandwich]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Maybe because of the higher demands of the people because it is like a supply and demand thing the more people that wamts to buy bitcoins and the more people that are buying bitcoins in the market in the whole world the larger the price of that bitcoins it will be. Just look how immediately the money is falling too hard because they are not buying bitcoins they are more on a selling part.

[Nakedbitcoin]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

the answer is quite simple: on the economic principle of trade is when bitcoin prices increase, it means the amount between bitcoin supplies is less than the market demand for bitcoin. besides that it causes very many investors to invest in bitcoin because bitcoin can be trusted as a form of investment that has great potential for the future and of course this is seen from some advantages possessed by bitcoin.

The reason why the price of btc is very high in the market. Because Btc is very demand in the market. Many people like to buy btc for their investment.Because they can gain a lot of profits when they sell it in a very tremendously higher-ups price.

[rainezerr401]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

I believe that the reason for bitcoins to increase is the hype in the market, the last time i saw a huge pumping of price in the market is when december strikes and christmas is making people to sell their coins for gifts and the market is affected very well.

[Pinoyfan]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

because bitcoin is very usable and important to all companies so thats why a lot of whales want to invest more in bitcoin because theyll get a lot of money by investing and all people gets profit here ald the market is so high so thats why this is the cryptocurrency that have a high value compared to others just in my opinion.

[DMiracle1]

The price increases when good things happen to a coin, such as a new exchange listing or a partnership announced etc.. Also one thing that contributes to that is i'ts popularity. We cannot deny that bitcoin is the very first ever cryptocurrency that's why is has all the advantage amidst other. And although it's  current value is very much lower than it was last December 2017, most investors still have high belief in this cryptocurrency.

[yonjitsu]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin's graph shows that bitcoin has skyrocketed to 20,000$ last year and that is because bitcoin is already the mainstream where people got to know already about it so the demand of the people goes on a frenzy as these people invest in bitcoin.

[Gastotade]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin's graph shows that bitcoin has skyrocketed to 20,000$ last year and that is because bitcoin is already the mainstream where people got to know already about it so the demand of the people goes on a frenzy as these people invest in bitcoin.

Last year BTC gains popularity when many companies adopt a blockchain,and since btc gathered supporters and been too excited for many comvenient applications of it that makes the market boom, we just need more time now till it happens again.

[beerlover]

It's not even high...
It's very close to 6 lakhs and..that's nowhere near high ..
It's just recovering from...the sudden shock it got from high number of whales selling out the bitcoins and encashing them.
It will recover more in the coming days ..
It's just starting to recover ...not recovering fast !

I guess he must have been referring to the high one we had last year and obviously we are in a corrective state presently and I believe we are still doing well compared to where we started last year. I believe things are gradually getting better with demand and the bears may have totally run out for now.

I am very optimistic though, so we may just have to see how demand increases hugely anytime soon which may take bitcoin prices into another new all time higher prices. Bitcoin is having high price just due to its demand. Anyone can answer that but for the question of why not having right now, I believe only time can answer.

[hispout]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

We all know that the value of bitcoin are volatile and that have a great potential, the performance of bitcoin last year was great it's rapidly rising and reached the $20,000. The main reason is the supply and demand.

The supply of bitcoin is limited and from this perspective, bitcoin should rapidly increase now and same is the case with demand. This is the only coin which has maximum demand in the market and that is again just because of bitcoin ability to rise in value tremendously over a short time span. It just needs some more time for showing the real potential it has regarding creating new records in the market.

[mriansa]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

bitcoin has a very high price because bitcoin has a very high demand but only has a very limited availability it makes bitcoin prices to be very expensive not only that to get bitcoin is also very difficult today and has a lot of usefulness can be used for payment methods anything.

[jesh2206]

Instead of buying some bitcoin to make a transaction, many obtain bitcoin for the sole purpose of storing value or simply speculating on the price. While the bitcoin price increased tenfold this year, the number of transactions processed per day was somewhat stagnant.

[Harleybtc01]

Instead of buying some bitcoin to make a transaction, many obtain bitcoin for the sole purpose of storing value or simply speculating on the price. While the bitcoin price increased tenfold this year, the number of transactions processed per day was somewhat stagnant.

Bitcoin has higher price because as what i have understood aside from its the first decentralised crypto currency, its number is rare or limited just like gold. Gold, like properties of Bitcoin made it very superior as compared to other currencies. Soon a lot of big companies started accepting payment in Bitcoin and eventually the interest level of the general public grew. And therefore its price would definitely expensive.

[knightmairesaint]

They are all right, bitcoin's price became so high due to continuous and growing demand of it. The good thing is it becomes more popular recently that's why many people now shows a lot of interest into this, therefore, it results to higher demand. Another thing, though I'm not very accurate at this one but I guess btc's price will soar higher for the upcoming years as it reaches the limit of 21,000,000 coins. 

[Odora]

this is why Bitcoin is called decentralization, the price rises and falls on the result of buying and selling, Bitcoin is only community-centered,
and its circulation is limited, causing investors race to buy Bitcoin, this is also what I think is why Bitcoin price explode.

[mzimino]

Further growth comes from the “bitcoin as a store of value” crowd. This 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. In a world where people expect bitcoin to be worth $1 million soon this sort of activity – whether rational or irrational – is quite popular.

[batang_bitcoin]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

More demand, higher price. And if the price of bitcoin goes down there's only one reason with it and that is there's a whale that starts to sell his holdings.

[mia khalifa]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

from what I read and what I know bitcoin prices are very high because bitcoin has a very high demand and is useful for all kinds of payments in the internet world but has a very limited total supply that makes it harder to get bitcoin so it is obviously more expensive.

[rickadone]

all the price increases, including bitcoin caused by the demand (demand) is greater than the amount of supply (supply), the investors who began to believe with cryptocurrency and the legality of bitcoin in some major countries to make the higher the bitcoin price.

It is just a simple economic stuff that I expect even a basic class pupil to know. Once demand increases more than the supply, the value will rise and when supply increases more than demand, the value drops and on and on. The market is new, we have a lot of people who got in early so they have a stronger hand, it is highly speculative, so we should always expect sharp rise in prices.

More demand, higher price. And if the price of bitcoin goes down there's only one reason with it and that is there's a whale that starts to sell his holdings.

Whales are another reason for why bitcoin is having more demands. They do buy in large scale and unfortunately they do sell in large scale. When bitcoin will be getting more established these whales may lose their "virtual power" hence no worries  .

[MarkusIsaiah]

In my opinion, bitcoin is now on demand or popular. right now many people around the world know and used bitcoin so that's why the price of bitcon increase very fast.

[smartboy2ever]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

BItcoin is a digital currency. Its usable too easy. So everyone buy or sell your product easily on online. Its high secure and no one can not stolen your coin. So its demand is high and value is high.

[rushel22]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin is having a highest price because this is the first crypto currency and fast moving value.That can create a big impact to people which interested to joined and have a positive income coming from bitcoin.

[Ewox]

Maybe you haven't really read the reason why bitcoins price goes up and down. Because for all I know there are many factors on to why Bitcoins price goes back up and down, some reasons might have been its demand and some say it is because of the news against bitcoin. As most of the people say, the higher the demand; the higher the price.

[ismelda_ita]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

last year's price hike on positive news about bitcoin and even bitcoin legalization in some countries also affected the rate of price increase. but this year's huge decline was due to the many negative issues about bitcoin and crypto that kept prices down considerably.

[Jas18]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

last year's price hike on positive news about bitcoin and even bitcoin legalization in some countries also affected the rate of price increase. but this year's huge decline was due to the many negative issues about bitcoin and crypto that kept prices down considerably.

Its really true about the supply and demand, more demand or investors the higher the price will be. If some whales starts to sell his holdings then let them sell. If we just encourage people to invest bitcoin and hold it then we can achieve like what happened last year. We should not depend on the whales whose playing with bitcoin, its their money and strategy. Just work on how to encourage more investors to help bitcoin rise.

[boyptc]

When the whales started to give others uncertainty then little holders will follow but if the whales are starting to give motivation to pump, then others will follow too.

[dams87]

I think why bitcoin prices continue to increase it in because the level of enthusiasts and trust continues to jump even the company has started to invest and major countries have been legalized it.

[umiliate]

Is this a bubble? Many are disappointed in the moves, believing the rise is happening because of market manipulation. But we must remember that the real value of a cryptocurrency is not driven by price but instead is driven by utility. While bitcoin may always be the proverbial hidden pot of gold for early buyers the future of all cryptocurrencies is still being written. Just as, in 1994, no one could have predicted the prevalence and value of open source projects like Linux and Apache, no one can currently predict what bitcoin and other cryptocurrencies will do for us in the future. Until we know, it’s best to buckle up and enjoy the ride.

[adizero]

high to low price bitcoin depending on the market demand is there, if the higher market demand for bitcoin then, of course, will cause price increases on bitcoin itself.

[AngellSky]

Is this a bubble? Many are disappointed in the moves, believing the rise is happening because of market manipulation. But we must remember that the real value of a cryptocurrency is not driven by price but instead is driven by utility. While bitcoin may always be the proverbial hidden pot of gold for early buyers the future of all cryptocurrencies is still being written. Just as, in 1994, no one could have predicted the prevalence and value of open source projects like Linux and Apache, no one can currently predict what bitcoin and other cryptocurrencies will do for us in the future. Until we know, it’s best to buckle up and enjoy the ride.

I think that today's state of things on the market does not please anyone at all. Almost 50 percent loss of the price of all coins on stock exchanges and this trend has been going on for quite some time. What to expect in the future, it is very difficult to predict.

[Ayush rana]

Bitcoin is always be the first crypto currency for many people. Even it is a first digital currency in the world but then also it is the most popular crypto currency in the world. The main reason in increase in the value of bitcoin is that from last year the trade in crypto currency has been increased at a very high level even the customers of Bitcoin also has been increased at very high level, because of high illegal activities, tax savings and high return on investment

[yvesp110]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

last year's price hike on positive news about bitcoin and even bitcoin legalization in some countries also affected the rate of price increase. but this year's huge decline was due to the many negative issues about bitcoin and crypto that kept prices down considerably.

Its really true about the supply and demand, more demand or investors the higher the price will be. If some whales starts to sell his holdings then let them sell. If we just encourage people to invest bitcoin and hold it then we can achieve like what happened last year. We should not depend on the whales whose playing with bitcoin, its their money and strategy. Just work on how to encourage more investors to help bitcoin rise.

The higher demand of bitcoin makes it higher in prices than rest of the coins. People want it because of its high prices, because of its tendencies of creating new records in the world of crypto currencies. The one who is holding even a single bitcoin is capable of becoming rich if he sells it at the right time. All this attracts investors and their large investments into bitcoin make the market flourish hard, leaving bitcoin at high prices.

[websoftwareengineer]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The price of every cryptocurrency is always depending on the supply and demand of a coin. The price of bitcoins is keep on increasing because there are more people that's getting interested to earn it and it makes the price of bitcoins increase even more.

[Casmiro]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

BTC has a high price, one reason is that BTC users are now increasing rapidly and many people are looking for and need bitcoin. So many people are competing to get bitcoin in various ways. Because of the rapid demand for BTC makes the price of BTC automatically increased sharply.

[petyang12]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The reason why bitcoin's price is high because the supply is not much compare to the bitcoin they demand that is why investors are willing to buy higher price just to reach their bitcoin supply target. Example their target is 10 bitcoin but the supplied bitcoin did not reach 10 so they are willing to pay more than bitcoin normal price just to reach their target that is called supply and demand.

[MMA]

Maybe you haven't really read the reason why bitcoins price goes up and down. Because for all I know there are many factors on to why Bitcoins price goes back up and down, some reasons might have been its demand and some say it is because of the news against bitcoin. As most of the people say, the higher the demand; the higher the price.

I think every person has their own opinion about that and my opinion is that bitcoin price is going up because bitcoin is becoming the main currency of the world and its demand is increasing from time to time therefore the supply is decreasing and the price is going up, i think that this trend will continue for a long long time and bitcoin price is expected to cross 50000$ in near future.

[PatronRH]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

bitcoin generally go up because of the increse in the demand so I think people tend to buy bitcoin during the second half of the year . I don't know for sure why does that happen. Maybe because of it recession every begining of the year so like we are in a loop people tend to buy when the prices go down so the demand increses the price goes up people tend to sell or stop buying so the price goes down because the demand decreases and so on.

[zero9119]

More and more people are aware of bitcoin, many corporations and large corporations accept bitcoin in transactions, many countries have open policies with crypto market especially bitcoin. In addition, with very little supply, bitcoin always has the highest value in the cryptocurrency market.

[rainezerr]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

You can always check different news if the market price will increase due to a new scenario that will exist like market is being hacked or there are more people who are investing, the news and articles are really good provider in order to determine the best time to invest or sell your coins.

[Whitly]

I think,  price increased because of  high demand, and high demand is caused in turn, by a large number of advertising companies, what started in october - november 2017 and ended in january-february 2018, which, as I said earlier, were financed by people who invested a lot of money in bitcoin, in order to make a good profit (and they did).

[lixer]

Bitcoin prices depends on demand from people. Once demand matches supply or surpasses supply then the price shoots up. Markets like the ones we have now is due to so many people dumping coins and thus increasing the supply in the market without there being enough demand to match it so prices go down.

This could be one of the factors for the decrease in prices of bitcoin but not the main reason because I have seen many people who were previously not holding any bitcoin but during this dump, they have successfully bought a bitcoin which indicates that the demand of this coin is still high in the market. There are multiple factors affecting the prices of coins in this market but the good thing is, bitcoin is on way to pump.

[Feuerbach]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

I think this was due to pumping, forks and promotion in the news. This caused a large demand for it.

[katrimans]

Bitcoin is getting more expensive because enthusiasts are increasing and the number that can be in the mines is decreasing. For the best long-term investment in addition to ETH and other altcoins.

That is happening. Yes, there are more interested people coming every other day. Since the day of development, bitcoins had never been so popular and famous as they are now. This becomes biggest reason for the prices to be so high.

Although right now prices are not good, but still they are so much matured than they were in start of last year. This trend will be going higher and higher.

[rushel22]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

I think btc having a highest value just like an old days that when its too old the value was like an antique that really precious.This is the reason why bitcoin is like a star for its price and no one can compet it because it the first cryp5o coins exist in crypto.

[buharikx31]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

It's happend because of interest to cryptocurrency and ready to pay bigger price for bitcoin and other currencies, maybe some news speculated this price

[S4roZa]

I think because of the emergence of bitcoin cash that motivates people to buy bitcoin, because of the increase in technology promised by bitcoin through system changes and due to the legalization of bitcoin users in certain countries.

[BitcoinTurk]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

It is possible to say many reasons for the answer to this question. First, the reason why the crypto money industry is the main reason is because it is necessary to use Bitcoin to buy a lot of crypto money types. The second reason is that it is profitable in the short term, which is also valid for the long term. The third reason is the mining income. Although it is not as profitable as the old one, it is still possible to get profitable with mining.

[yunzau]

It occurs at an increasing demand level but with insufficient supply. The level of security is one of the factors that make the selling value high because it uses hashing, peer to peer system and decentralized. Transactions that use blockchain and cryptographic techniques.

[ikipiye]

it all depends on demand, we know that the number is limited, if demand more, automatic price will be high. because supply is thinning.

[forklif]

I think this happens all because of the demand of many, the more demand the higher the price, because the supply of bitcoin is limited.

[maarx]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The question should have raised in middle of last year.  It's too late and we are travelling with low price before past almost an ťyear.  Let's talk why the prices are low.  This would sgguit the situation. Pumps and dumps are normal with crypto currencies. Correction do occur often.  Lot reasons behind.

[atjiat]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The question should have raised in middle of last year.  It's too late and we are travelling with low price before past almost an ťyear.  Let's talk why the prices are low.  This would sgguit the situation. Pumps and dumps are normal with crypto currencies. Correction do occur often.  Lot reasons behind.

already passed the information that one person Gox throws out to the market a huge amount of Bitcoin, ostensibly in order to buy money to pay their debts. I do not know if this information is true, but the exact offer on the market of Bitcoin is more than the demand, it is unambiguous.

[Bitcoinjheta]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The question should have raised in middle of last year.  It's too late and we are travelling with low price before past almost an ťyear.  Let's talk why the prices are low.  This would sgguit the situation. Pumps and dumps are normal with crypto currencies. Correction do occur often.  Lot reasons behind.

Yeah, talking about the bitcoin is having a low price in the market this because of a previous transaction often from december until february withdrawing bitcoin to dollars from investors who invested for millions of bitcoins for 4 to 5 years this so called a whales and this what it gets to the market were having a huge dump dropping the value of market. Until now bitcoin correction occurs but it will recover soon.

[Lenzie]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

There can be alot of unknow reason there is. What I think the reason is there might be a whale manipulating bitcoin price.

Another thing is because the demand of bitcoin last year following its introduction to the public. There might also be a utility need, example bitcoin is used to carry a secure transaction in the buy and sell community, maybe the criminals or the terrorist are using it for funding your illegal works.

[Ingoats]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Basically, anything that has a high market demand would also have a high market value and that simply explain this. Bitcoin, together with most of the cryptos are dependent in the demand from the market when it comes to their market value such taht if the market value is falling same thing would be reflected to its price regardless if its an increase or not.

[Testimony50]

because The demand is very high and it is forces of demand and supply that determines the price. Many people has started to be aware of bitcoin and other crypto currencies since last year and many people see that bitcoin provide opportunities for one to make quick money through investment and since they buying the price keep increasing.

[batang_bitcoin]

More demand, higher price. And if the price of bitcoin goes down there's only one reason with it and that is there's a whale that starts to sell his holdings.

Whales are another reason for why bitcoin is having more demands. They do buy in large scale and unfortunately they do sell in large scale. When bitcoin will be getting more established these whales may lose their "virtual power" hence no worries  .

I'm not worrying at all and I'm just going with the flow so whatever happens to those whales they are also important in the bitcoin economy. They are the market movers and we are just brought up by them, I'm just hoping that they will do something just like those predictions that bitcoin will be more than with what are expecting. The bears are still making this moment as good time to buy.

I think this happens all because of the demand of many, the more demand the higher the price, because the supply of bitcoin is limited.

That's what I've said. 

[barota]

Population density in the world is increasing and The desire for quick profit without effort and love of people adventure with their money  so you can imagine why People investing in bitcoin ?
there is another category which is the most they're simply following what everyone else is doing All these reasons make bitcoin in high prices

[concept2]

because bitcoin is now the hype and many people want to make money from it. The more people care about bitcoin, the higher price it  will be. The money keeps flowing into bitcoin market cap which makes it bigger and bigger every month.

[kobe24]

Each month some people discovered about bitcoin so the demand is higher than supply we should admit that bitcoin is not all about money it can also help us to make life easier.

[South Park]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Segwit is the reason the price went up, before its activation the debate about how to scale the network lasted for years and the price was so low because it did not seem like there was going to be a way to activate segwit but the developers accomplished that and since then the price went up to the current levels this is why I think the next growth in price will be sparked by the activation of the LN.

[sharm2121]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Because a lot of people buying bitcoin so the demand is high and the price will go up. Bitcoin is gaining popularity more on social media and now a days most of the people using social media so people using bitcoin is increasing.

[pthnmj]

There are a few causes of the high price:
1. More mainstream awareness of cryptocurrency and Bitcoin
2. More exchanges opening, allowing for easier USD/BTC transactions (also a trend: lack of support of fiat transactions to other cryptocurrencies)
3. More news stories of people making a small fortune in Bitcoin
4. Being the first and longest running cryptocurrency (first mover advantage)
I suppose those created much of the value behind Bitcoin rising price.

[Cedie]

I think this is because of series of gaining popularity. The people who are initially engaged with bitcoin started to react excitedly and giving out news about bitcoin's price getting a high price. Then more people becime engaged with bitcoin therefore made bitcoin's demand higher and thus making its price skyrocket. Then speculations came that bitcoin will have a stable increase that attracted more investors.

[jhonjhon]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Because a lot of people buying bitcoin so the demand is high and the price will go up. Bitcoin is gaining popularity more on social media and now a days most of the people using social media so people using bitcoin is increasing.

It is normally happen, not only in crypto but also in real stock investment. Its price keep moving high and sometimes it fall. This is just a normal scenarios and this is the way we gain profit from then.

[nightfury]

As what i have research, bitcoin got its high price from the demand of people. And since it is very popular cryptocurrency ever known for most of the people around the world, then there's no reason why it can't attract new investors that could somehow increase bitcoin's market cap and price.

[Slark]

There are a few causes of the high price:
1. More mainstream awareness of cryptocurrency and Bitcoin

Which is also followed by the fear of investing in bitcoin because mainstream media coverage is not exactly 100% positive.

There are a few causes of the high price:
2. More exchanges opening, allowing for easier USD/BTC transactions (also a trend: lack of support of fiat transactions to other cryptocurrencies)

And more problems with existing exchanges, we had a taste of it recently where one of the exchanges got hacked.
We need more solid exchanges and not hundreds of mediocre ones.

There are a few causes of the high price:
3. More news stories of people making a small fortune in Bitcoin

It used to be that way - but since the price of Bitcoin is high and we are not having 1000% spikes anymore
I cannot see any stories of people who bought BTC recently becoming millionaires in foreseeable future.

There are a few causes of the high price:
4. Being the first and longest running cryptocurrency (first mover advantage)
I suppose those created much of the value behind Bitcoin rising price.

This is a solid argument and hopefully, it will be selling point for Bitcoin in the future.

[udroxz]

BTC is the oldest and most popular crypto currency and it is very successful so that reasons will be the having high price.

[cahbagus555]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

I think its because more demand than supply. Many people right now know more about bitcoin. Its become popular investment because gain that provide last year is so big. Hopely this year bitcoin can give more gain than last year and reaching higher price

[Bonsaiav]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The emergence of new users in fairly high numbers has boosted the demand for very large bitcoin and contribute greatly to soaring bitcoin prices.

[stellgod]

Someone just said something liked, that the price increase of Bitcoin is as a result of the demand rate being higher than the rate of supply… But I don’t know why some people don’t like it when price is going high, and when price starts to go down again, you see another group of people complaining that Bitcoin is dead and that is bubble and scam. It’s hard to please people, you just have to ignore their stupidity. But what I’ve come understand is that those who missed the opportunity to invest when it was low would aways complain when it is high, and those who invested when it was high will also complain when it’s low.

[Stug]

Because BTC is the first coin using Blockchain technology.It gains many people 's expectation.

[jeraldskie11]

Bitcoin having a high price because of it's demand and supplies that can make the market grow. Also its popular now because of the different strategy to promote it so for that way many people will be interested and know it so they gonna invest money in the result the price of bitcoin will be increase.

[hitrawal91]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The surge in the Bitcoin prices is due to many factors and reason. The first reason is the huge increase in the demand of the bitcoin and this huge demand made the bitcoin price blast and those who were holding from $500 to $1000 price have made more than x10 time return on investment. Actually, the increase in bitcoin's popularity and it's good management and strong future scope in the Technical department has made it viral all over the world and because of all this, the price reached record high amount.

[South Park]

BTC is the oldest and most popular crypto currency and it is very successful so that reasons will be the having high price.

That is not really enough of a reason for the price of bitcoin to be so high besides you're confusing cause and effect the price of bitcoin is not a high because it's popular, being popular is just the effect of something even greater, which is the technology behind bitcoin, the technology is what really makes the price of bitcoin so high and what it makes it so popular.

[wozzek23]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

I think this was due to pumping, forks and promotion in the news. This caused a large demand for it.

If we compare the market value of the bitcoin at time when it was introduced to this world and the current market value of the bitcoin, then we will find a huge difference in between both the values and that this difference is just because of the increase in the number of investors who have invested their money into it and that due to better reputation of the bitcoin with every passing day in the international market.

[stayeduptolate]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

It’s true that bitcoins price is increasing a lot and it’s increasing day by day. Bitcoin has even defeated gold in terms of price which proves that bitcoins demand among the peopleIs increasing a lot and its popularity and uses are also increasing day by day. This is because bitcoin is a universal form of currency because of which it can be used anywhere around the world. Also bitcoin  provides a very good wallet which is a very safe wallet and money can’t be stolen from it easily.

[South Park]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

It’s true that bitcoins price is increasing a lot and it’s increasing day by day. Bitcoin has even defeated gold in terms of price which proves that bitcoins demand among the peopleIs increasing a lot and its popularity and uses are also increasing day by day. This is because bitcoin is a universal form of currency because of which it can be used anywhere around the world. Also bitcoin  provides a very good wallet which is a very safe wallet and money can’t be stolen from it easily.

What are you talking about? The price of bitcoin has been above the price of gold for a very long time and probably it is going to remain like that forever, what bitcoin still has been unable to do is to surpass the market cap of gold, that is going to take a lot more time and money of course to overcome but I really think that bitcoin has the potential to do that in the next decade.

[Faxmate]

Bitcoin having a high price because of it's demand and supplies that can make the market grow. Also its popular now because of the different strategy to promote it so for that way many people will be interested and know it so they gonna invest money in the result the price of bitcoin will be increase.

Exactly price of bitcoin use to rise and get down with demand and supply when the same time more people sell their bitcoin in market it makes the market a bit down but when high amount of people start to buy bitcoin the market get high once again, so I think it is the demand and the benefits of bitcoin which is making it high in price day by day, no need to sell out your bitcoin when it is at low demand as piece get high and profit in bitcoin is very certain. Get into bitcoin and hold it you will be the reason to increase the price of bitcoin.

[douglock]

Each month some people discovered about bitcoin so the demand is higher than supply we should admit that bitcoin is not all about money it can also help us to make life easier.

Bitcoin is good for the people in many ways. It has changes many life and make the world becomes a better place. The technology of bitcoin can be used as a kind of payment so that it will be faster and more secure. Therefore, the price of bitcoin is high

[orarider]

Many people already know the benefits that bitcoin brings that have invested in it making the bitcoin value soar. The ability to liquidate quickly and have high security helps butcoin many people believe. Bitcoin is not liable to any tax that has made it possible for everyone to participate. These have pushed up the bitcoin value.

[Chingchangfu]

Its because of increasing demand And Investors try to buy and sell Btc.

[valentine401]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The price of bitcoins is always depending on the demand and supply in the market and if people will always invest then the demand is keep on increasing and it will affect the price of cryptocurrency to increase even further.

[Boknoi321]

Bitcoin has high prices because bitcoin is the cheapest bidet in the Bitcoin crypto currency. Last year, Bitcoin's value was $ 5000. At present, bitcoin is worth $ 8500. I believe that in the end of 2019, Bitcoin will be worth $ 20000 bitcoin inventions result in people's benefits. Therefore, the price of Bitcoin will move towards higher level.

I think it is because of the investments and benefits they give here in btc. One of the reasons it is in his higher price because lots of people already know the benefit of btc, and bitcoin will get their benefit also.

[horrifiedx1]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The price of bitcoins is always depending on the demand and supply in the market and if people will always invest then the demand is keep on increasing and it will affect the price of cryptocurrency to increase even further.

bitcoin investment can come from investor confidence, if trust is high then price will rise, besides that also big investor can play price, so can pump or dump some moment

[parthgajjar]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

You can see that the bitcoin price is currently very high, the great application of bitcoin to humans. Bitcoin is considered as digital gold, but with the absolute safety and security Bitcoin is a lot of interest and allows circulation as a legal currency. The bitcoin price is going to follow its annual cycle, so you can fully trust and invest in bitcoin.

[Jaybitcoin2018]

Its because of increasing demand And Investors try to buy and sell Btc.

Yeah, that is correct its because of poeple who trust bitcoin at this time that is why it increases the value of price in the market. Were supply and demand really in demand to the digital economy.

[jeanpadel14]

Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. 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.

[weblaraveluser]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The price in the market is always depending on the amount of supply, it only means that there are more people today who are keep on holding their coins in the market and people are demanding so the supply is decreasing and it makes the price to increase even more, the speculations today are saying that bitcoin can reach $50k dollar before the year 2018 ends.

[Cinemo]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The Bitcoin price rise I think because of the large number of demand ,user and because of the supply. like other products if the supply is low there is a large of number of demand, if the demand is low there is large number of supply, vice versa. Also the number of investors that are invested into Bitcoin and the user of it. As of now Bitcoin is very popular i think bitcoin is known in every country right now bitcoin become popular because of the number of user and because of social media that is why bitcoin price is rising. .

[StevenPop]

Bitcoin price went up because people realized that bitcoin is now very useful and that they could make a lot of money from it so they came into the market in droves which drove up demand and prices soared.

[isetter]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin can be very popular with many people. There are many new investors who want to invest in Bitcoin and the need to increase the price of Bitcoin will also increase. That is very normal

[kangbasir]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

I think the cause of BTC price increase is due to the increase in technology promised by Bitcoin through system changes as well as the large number of btc users that drive price increases and are expensive.

[South Park]

Each month some people discovered about bitcoin so the demand is higher than supply we should admit that bitcoin is not all about money it can also help us to make life easier.

Bitcoin is good for the people in many ways. It has changes many life and make the world becomes a better place. The technology of bitcoin can be used as a kind of payment so that it will be faster and more secure. Therefore, the price of bitcoin is high

And the best part is that bitcoin is still very small, the benefits that were going to get when bitcoin is finally adopted all over the world will be very difficult to measure, can you imagine traveling to another country without the need to convert your currency to dollars or to the local currency and to be able to pay instantly thanks to the lightning network? Because that is where we are headed.

[DmitFomin]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Apparently at the beginning of 2017, there was a strong increase in interest in bitcoin from people who had never heard of it before. Everyone was interested in the price increase from $300 at the end of 2016 and up to $1000 at the beginning of 2017 of an unknown thing called bitcoin. This made bitcoin so popular all over the world from schoolchildren to old people.

[ulia93]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

the answer is quite simple: on the economic principle of trade is when bitcoin prices increase, it means the amount between bitcoin supplies is less than the market demand for bitcoin. besides that it causes very many investors to invest in bitcoin because bitcoin can be trusted as a form of investment that has great potential for the future and of course this is seen from some advantages possessed by bitcoin.

And the rise in the price of Bitcoin from $1000 in early 2017 to $15,000 in early 2018 is a good illustration of how popular bitcoin has become over this time. And its high price shows how much it has a large community, because it cost more than one troy ounce of gold and this gives hope for its further growth.

[horrifiedx1]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The Bitcoin price rise I think because of the large number of demand ,user and because of the supply. like other products if the supply is low there is a large of number of demand, if the demand is low there is large number of supply, vice versa. Also the number of investors that are invested into Bitcoin and the user of it. As of now Bitcoin is very popular i think bitcoin is known in every country right now bitcoin become popular because of the number of user and because of social media that is why bitcoin price is rising. .

indeed social media is very influential on the development of bitcoin, from there will be many new investors who are interested in btc. so that if there is demand in large quantities then movement of btc is getting bigger too

[petyang12]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin's price started to rise when it's demand goes up. Bitcoin price is also increased because of news and influencial people on bitcoin that results in some bad news and good news. One more thing rising of bitcoin's price would be a advantage to those bought bitcoin when it's price still at it's lowest price.

[MAJICOIN]

The high usage and the high demand boom the crypto currency like bitcoin and previous years bitcoin were not show any growth but for now the bitcoin is growing and the value is also high so it is good for us because if we have this currency we will become more valuable then the past and a full investment strategy is also very good for a bright future,

[Ikay]

There are many reason of it and the number one reason why bitcoin are having high value and profitable because of the investors and users many people invest their money to bitcoin and gain profit. do you think that bitcoin don't have investors it is valuable? or it have a high price in the market?

[ASHLIUSZ]

By that time of price under $1000 it was not much known by the people. Later it started to get more importance with lots of services accepting bitcoin. Another thing mass adoption began to take place often in large scale. Japan's entry became a big support to the growth of bitcoin much higher in a short.

[cabin]

Bitcoin started having High prices when there is increase in Elasticity of Demand, bringing down the Elasticity of its supply. However, the denouncement of negative widespread rumor from both China and Indian among all other few countries mentioned for FUD are also part of the reasons for this upsurge in value, where Bitcoins continues to enjoy massive patronage owing to its famousity inherent.

[charmaine08]

I think it is because many people  are investing and trusting  on this kind of  crypto .

[gudrun]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

You can see that the price of bitcoin is so high that it is very valuable because of the great bitcoin applications, which are accompanied by fast security and liquidity. One of the most important factors is that the bitcoin scarcity is what drives the price of bitcoin to as high as it is at the present time. I believe bitcoin prices will be even higher in the future and will be digital gold.

[JaxxBoll]

I think that bitcoin is expensive because it has grown a long time and everyone believes in this coin because it makes the value of bitcoin go higher. If compared to technology I think bitcoin can not be equal to the new coin.

[maculeth]

because demands on the bitcoin are increasing drastically, along with the increase, bitcoin supply is still limited to 21 million. that's what keeps the price up to the moon. because demands are high, but supply is limited.

[ashkanm]

that completely depends on the demand Many people has started to be aware of bitcoin and other crypto-currencies since last year and many people see that bitcoin provide opportunities for one to make quick money through investment so the bitcoin prices severely increased

[pokang13]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The reason behind the price is getting higher and higher as time goes by is because the high demand of bitcoin and many investors are attracted to invest in bitcoin.

[Brat ipoh]

of course if you ask this everyone will answer because bitcoin is the parent of all coins so it is very reasonable if the price is very high and it would be very difficult to altcoin beyond the bitcoin price

[dobladi]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The reason behind this is the high demand in the market for Bitcoin. It is applicable to anything that is in the market wether it is on real estate or in cryptomarket. Anything that is indemand is surely expensive and that I think simply explains this. But at this moment,the market price is falling and I think it has also something to do with the demand.

[susuberuang]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

bitcoin prices are very expensive because the current supply condition of bitcoin is very limited which has very high demand and demand. Not only that with bitcoin you can pay whatever you buy in the internet world or around you who can receive payment using bitcoin, that's what causes bitcoin price conditions to be very expensive.

[bajigur894784]

It all happens In accordance with economic principles. when a commodity rises in price, it means the amount of demand is greater than the amount of its supply. I think that's why bitcoin has a very high price.

[danim1130]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

So many reasons behind it. i guess first is the idea of bitcoin there are many remitances that are taking so much fees in sending money abroad. people getting use bitcoin because they can send anywere without paying high fee's second is the value of bitcoin it starts increasing and people bought it....

[Harper6]

of course if you ask this everyone will answer because bitcoin is the parent of all coins so it is very reasonable if the price is very high and it would be very difficult to altcoin beyond the bitcoin price

The current market price of Bitcoin is the price after traveling a long journey in the market. I would love to add that even the current market price is not much high because it has declined sharply in the start of 2018 and slowly going up again. The market value is expected to surge again so if you are asking this question because you want to invest, go for it without hesitation and it will give back.

[Dark Sky]

of course if you ask this everyone will answer because bitcoin is the parent of all coins so it is very reasonable if the price is very high and it would be very difficult to altcoin beyond the bitcoin price

The current market price of Bitcoin is the price after traveling a long journey in the market. I would love to add that even the current market price is not much high because it has declined sharply in the start of 2018 and slowly going up again. The market value is expected to surge again so if you are asking this question because you want to invest, go for it without hesitation and it will give back.

Now bitcoin price is low than last year's price but it will again high because many of people want to invest in bitcoin and maybe that's why its price will more high and more popular because bitcoin is very beneficial currency and that's why everyone wants more profit.

[Linggis]

It was below 1k last year beginning. But from the mid-year prices started to explode! What's the reason behind these price rise?

Bitcoin has a high value due to the development of cryptocurrency market situation from year to year.
Increased technology promised by Bitcoin through system changes is one of the things that boost the value of bitcoin.
Bitcoin developers are promising Bitcoin scalability enhancements through a new method called Segregated Witness (SegWit) to provide additional space for more transactions.
Of all the things bitcoin finally has a high value than any other crypto coin.

[chengyinoing]

The value of a bitcoin ultimately depends on holding, and it can be very small in any form every day, but its price can still be very high. Why? People are willing to hold it for a long time. Some of these things are very large, but they fall sharply at the same time that they are very much in circulation.

[sapu jagat]

because crypto is bitcoin first and at that moment devotees are very large, it becomes increasingly high bitcoin made up to this point and then comes the new coins that started much too.

[frankybutterin]

the high level of a good is determined by the amount of demand and supply. Similarly bitcoin is high because high bitcoin demand is not an adequate supply. The amount of bitcoin limited to only 21 million coins makes the amount of demand always higher than supply so the bitcoin price is always high.

[lelahkenabanned]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

bitcoin has a very high price because bitcoin is affected by the supply of bitcoin which has a limit of only 21 million pieces of bitcoin while for now the circulation of bitcoin has reached 17 million so only the remaining 4 million pieces of bitcoin are still available that makes the bitcoin price becomes very expensive .

[richmcrich]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

You can see that the price of bitcoin is so high that it is very valuable because of the great bitcoin applications, which are accompanied by fast security and liquidity. One of the most important factors is that the bitcoin scarcity is what drives the price of bitcoin to as high as it is at the present time. I believe bitcoin prices will be even higher in the future and will be digital gold.

Bitcoin is still in its infancy and yes it has to make a lot of progress. If we look at the present price, even in this bleeding dip, it is expensive for majority of investor to buy a whole bitcoin at one time. This digital coin is the most expensive and profitable asset that the world can know ever. And you are also right about bitcoin soaring up more than what crypto experts can predict.

[ICO BLOG]

Priority

[DRVX]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The Bitcoin price rise I think because of the large number of demand ,user and because of the supply. like other products if the supply is low there is a large of number of demand, if the demand is low there is large number of supply, vice versa. Also the number of investors that are invested into Bitcoin and the user of it. As of now Bitcoin is very popular i think bitcoin is known in every country right now bitcoin become popular because of the number of user and because of social media that is why bitcoin price is rising. .

indeed social media is very influential on the development of bitcoin, from there will be many new investors who are interested in btc. so that if there is demand in large quantities then movement of btc is getting bigger too

All this hype that started around Bitcoin in 2017 pushed people to start buying Bitcoins. The demand for BTC was great, and the coin jumped high to the Moon.

[seviandyosi]

As a pioneer in cryptocurrency. Bitcoin has a good quality and the exchange system is also easy. This makes people interested in buying bitcoin. At first bitcoin is only used by some circles, but then many people in this world know bitcoin and interested to buy it. The high demand affected the offer, so the BTC price jumped in a short time at that time.

[warkop121]

Bitcoin has a high price because the demand is very high. Usually for anything that has high demand has a high price. Not only does demand, popularity, technology, and usage drive these crypto prices higher and higher every day. As you say, the price of Bitcoin is high but it is currently low compared to last year's high prices. BTC is the oldest and most popular and highly successful crypto currency. BTC parent of any digital currency.

[Omega Weapon]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

In my opinion the reason for that was very simple for years there has been a debate about how to scale the network and it seems like we didn't make any kind of progress for a lot of time but finally the developers were able to activate segwit it may not seem like much right now just a decrease in the fees and that's all but it has opened the door for the lightning network which will allow bitcoin to actually become a currency we can use.

[kenelmark]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

bitcoin has a very high price because bitcoin is affected by the supply of bitcoin which has a limit of only 21 million pieces of bitcoin while for now the circulation of bitcoin has reached 17 million so only the remaining 4 million pieces of bitcoin are still available that makes the bitcoin price becomes very expensive .

Exactly..
Bitcoin demand is getting high by the time, because many parties are starting to accept bitcoin as a payment currency. Bitcoin is also becoming more famous after producing many millionaires, makes people start to learn much about bitcoin.

[thend1949]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

In my opinion the reason for that was very simple for years there has been a debate about how to scale the network and it seems like we didn't make any kind of progress for a lot of time but finally the developers were able to activate segwit it may not seem like much right now just a decrease in the fees and that's all but it has opened the door for the lightning network which will allow bitcoin to actually become a currency we can use.

The price of bitcoin pumps higher when demand rises, but in most certain cases dumping will happen all the way due to panic selling. We are out of control that's why people who seems to see it crashing will decide to sell early and don't care to hold longer. That becames worst if a person relied on his/her daily expenses from bitcoin profit mainly the food that feeds their families.

[Deubila]

Bitcoin is expensive because bitcoin is the first coin in the cryptocurrency market. Bitcoin is very popular. Human needs are increasing and using as well as investing in bitcoin is also common. Therefore, the bitcoin price is higher

[TiffanyLien23]

Well I just have thought that's because bitcoin increasingly in demand of many people, and all its advantages more visible among many people. And not only that. Many people who're just tried till feel more interested and finally feel comfortable with it. Well the point is that bitcoin develops well from time to time until its popularity is increasing among many people.

[betetakjelas]

the rise in bitcoin is due to the fact that more and more people are enthusiastic about bitcoin as the parent of altcoin, now its value has dropped dramatically as many people are selling panic

[gilangIDR]

The reason for the rise in bitcoin prices is the demand factor, as more people use bitcoin the bitcoin price will increase and vice versa when only a few people use bitcoin so the bitcoin price will decrease. It's like a spike and a lot of people's interest in bitcoin that even causes bitcoin prices to be out of control and tends to rise tremendously. If compared then I make sure that bitcoin is a very profitable investment because of the movement of its price so fast. Let's continue to use bitcoin and we will get the benefits that we can take from the benefits we achieve.

[Budugbass]

I just think that it's strongly influenced by higher demand factors over time among many people. And perhaps from time to time more and more people think that it should try and support it become more popular until it's widespread in its impact. Anyhow this is something special that's on cyberspace and this managed to attract a lot of enthusiasts due of the various advantages of its characteristics, perhaps even due of its uniqueness.. it can causes the people being interested.

[trimulia]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

bitcoin price is high because much people using this currency for any transaction, more people buying bitcoin = more expensive

[isyot12345]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

bitcoin price is high because much people using this currency for any transaction, more people buying bitcoin = more expensive

Because of many supporters and investors we have. BTC is a good opportunities and a good income. our price is high co'z of them. and maybe we are in the risk for now but soon that time will come back we are very lucky co'z of bitcoin. so let's invest to rising up. trust and believe this coin for our future and for our world.

[Angi]

I don't know what is the exact reason why bitcoin having a high price in the market but I thought that bitcoin have it because many people are support and believe with it, if no one will invest, believe and support in bitcoin I think it doesn't have value until now and no one will have interest on it.

[bhabygrim]

It is because of the investors who are driving it up through its demands.
I think there are lot's of people who become interested in it and want to try something new.

[darkr]

because bitcoin is now the hype and many people want to make money from it. The more people care about bitcoin, the higher price it  will be. The money keeps flowing into bitcoin market cap which makes it bigger and bigger every month.

I also think that it is exactly the hype around Bitcoin that made its price getting so much high. People still believe mass media, but I hope that Bitcoin is great even without this hype.

[Sled]

Bitcoin is having a high price because the demand is too high for the supply of bitcoin so there is no choice for the people but to grab bitcoin even the price is higher compare to the price last few years because the thing that they are trying to get here is the potential of bitcoin since it have a good system and technology that can be fully maximized in the future.

[Nikolya]

Bitcoin has a high price because it is the most popular and familiar currency, which is primarily invested in money, increasing its value.

[Kiweikoo]

The value of a bitcoin ultimately depends on holding, and it can be very small in any form every day, but its price can still be very high. Why? People are willing to hold it for a long time. Some of these things are very large, but they fall sharply at the same time that they are very much in circulation.

Holding is the best technique used by people for making huge bucks with bitcoin. The longer you hold this coins, the greater chances you are giving to yourself for being part of massive success. Mark my words that it is going to rock in the last quarter of the year. Bitcoin is back on its track of success. All those how are familiar with the volatile nature of bitcoin are keeping huge piles of it in their wallets.

[t3m4nc0k]

quick to invest because the price of bitcoin will explode, a good development has shown the day when the future of crypto will be open and this certainly gives good news to those who have bought bitcoins for a low price and bitcoin can be an attraction for someone to invest

[FsJsxy]

I do not know, for me, whoever uploaded a very large amount of money in turn, into all the cryptocurrencies. It looked like a price manipulation

[roflmao129]

There are too many people loving to have bitcoin. They believe that holding bitcoin will give them a good amount of money and that is why the price of bitcoin is too high. Too many people are seeking for bitcoin. And it is certain that bitcoin can change the future. Try to buy bitcoin once you have a chance

[Rizqi]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

used to be btc so cheap and can we buy with an affordable value and indeed btc in the view of something impossible we sell and it sells sold only 1 year their dismissive words, when more or less 4 years from now the value of btc is so high that those who used underestimation now join in getting btc. means from time to time btc has experienced a high level of demand in consumers so that btc prices soared up and the volume of btc only in possession of several people. this is what I have experienced until now

[crazymelons12]

The difference in price signifies how useful the coins were to people. If it will be utilized, the more will be the demands for the coins thus increasing its price and the lesser people using it, the more supplies left unused, the lesser will be it's price. This idea is the same with gold. Had it happen that evrything on earth is gold nobody would ever be able to sell it high and it wouldn't be that precious.

[xvids]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Because it had a lot of investors that is giving the bitcoin a huge demand,
Compared to the past few years it seems like the investors finally decided to get into the crypto currencies .

[Tan_avia)vl.]

When Bitcoin prices rose a little, everyone started talking about it. Its popularity and cost naturally increased very quickly and very highly. Then there was a slump, but people are still watching bitcoin. And today we again see his rise and again about him began to write and speak, his prey again complicated.

[Google+]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

bitcoin has a very high price because most likely from a very limited supply factor and from very high demand, just imagine from year to year many people who are interested and want to buy bitcoin, not only that the media is also currently can trigger the movement bitcoin prices want to rise or want to go down from there you can conclude that bitcoin prices will always rise because the total supply is thinning and the harder it is to get bitcoin.

[Omega Weapon]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

In my opinion the reason for that was very simple for years there has been a debate about how to scale the network and it seems like we didn't make any kind of progress for a lot of time but finally the developers were able to activate segwit it may not seem like much right now just a decrease in the fees and that's all but it has opened the door for the lightning network which will allow bitcoin to actually become a currency we can use.

The price of bitcoin pumps higher when demand rises, but in most certain cases dumping will happen all the way due to panic selling. We are out of control that's why people who seems to see it crashing will decide to sell early and don't care to hold longer. That becames worst if a person relied on his/her daily expenses from bitcoin profit mainly the food that feeds their families.

But you are not seeing the big picture, yes the price goes up when there is more demand but why the demand goes up? While there is a natural growth of the demand as bitcoin becomes more popular among the population when the price rises abruptly there must be a reason, sometimes it has to do with big investors getting in the market but most of the time it is about a development happening in bitcoin that improves the coin.

[Xardasim]

The greatest reason for this is the interest of people, so, ''demand''. I didn't see humanity is so interested in anything like Bitcoin in my lifetime. Privacy of cryptocurrencies, also be trustable, low fee attracted people's attention, and I don't think there are people in the world who don't hear Bitcoin.

[PatronRH]

Bitcoin is a decentralized currency there is nothing that alters with it's price except for the demand and supply if the demand is too high when the supply isn't the price goes up.

[niceone]

I guess bitcoin popularity is one of the main reason why the price of bitcoin increase so fast, with all of the news going around bitcoin popularity increase day by day and it really has a big affect to bitcoin because of those investor who's gotten interested in bitcoin.

[olia10]

I'm of the opinion that Bitcoin is expensive because it is a virtual analog of gold. If you can print normal currencies as much as you want, then you can not issue digital cash. And already in the near future the production of bitcoin will be exhausted. So, these coins will only go up in price.

[sultanali]

Because Bitcoin is the king of cryptocurrency so anyone who comes to this crypto field most of them buys bitcoin instead of other coins so because of that bitcoin is growing more than other coins.

[ringgo96]

the demand from users is huge. In addition, today's big name bitcoin makes people people know him. and automatically make people appeal to get to know more.
now the price is down from last year. but still that demand keeps increasing. factors of business and politics make sometimes the price at play

[babaya]

main reason for price price is , technology that adopted by bitcoin.it has new concept of economy.much people right now are bored with sentralized that make on thing dominate the economy.and we need a change ,that called bitcoin.

[kimochidesh]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The demand of Bitcoin is very high as compared to other cryptocurrencies which makes its price high. Bitcoin was the first cryptocurrency which was launched and has been alive since then. Therefore it enjoys the faith of investors. The supply of Bitcoins is also limited to 21 million Bitcoin which further adds to the price of Bitcoin. Also, Bitcoin is gaining popularity as alternative payment mode among today's youth so its price is inc day by day.

[Dread Pirate Roberts]

I once answered a thread like this first. which I know and probably many who think the same is. because of smart contract from ETH attract new adopters crypto again and also maybe it is definitely a pump. because rising from 1k to 15k is actually a bit strange if no cause.

[ReiMomo]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Demand and supply of Bitcoin makes its rice rise and it is the major reason for high price. Since Bitcoin has high demand and which leads to high supply makes its price also high. Apart from these two main factors the craze and the familiarity of the coin makes more people involved in trading in Bitcoin and obviously the price gets shoots up with more number of traders and investors.

[psk07]

He appeared in the forefront, many rumors and discussions also helped him grow in price, and then demand and time did their job

[Pansamantala]

due of cryptocurrencies popularity to this day: bitcoin is one of the famed type of digital currency. thus, the rapid growth of the community using it mainly affects the circulation of cryptocurrency revolving around it. Moreover, the amount of people crowdfunding the said cryptocurrency made the value high as well as the price in the process. That's why we encourage people to take advantage of price drops and buy during dips

[soname12]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

It is possible that Bitcoin is a high-end currency and many people have invested and had good supply and demand, so he has a high level of market share. I think it is possible that in the future these currencies will be developed in a broader pattern, there will also be a lot more potential for development than Bitcoin in the future.

[Yatsan]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

It might be because of the demand in the market. Whether it is stocks or cryptos, or anything that is being sell in the market, the rule is that if it is being indemand or having a high demand, it will surely have a high msrket value or it will be expensive. That i think is what simply explains this question behind yhe vast growth of Bitcoin.

[Dikpora77]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Why the price bitcoin started to explode? because right now bitcoin is left to be mined only 20% of the amount of bitcoin provided. its means that bitcoin already mined 80%. Like you know bitcoin only produced in certain quantities, so bitcoin is limited coin. So this condition make many people in around the world want to get it and making the demand always go up, although earlier this year bitcoin price go down, and hit by negative issues but bitcoin still being favorite coin for everyone.

[Best Dreams]

due of cryptocurrencies popularity to this day: bitcoin is one of the famed type of digital currency. thus, the rapid growth of the community using it mainly affects the circulation of cryptocurrency revolving around it.

Yes bitcoin is a grown up currency it is very popular now a day, bitcoin is securing future increasing fame and popularity is making is wide, huge and rapidly getting high, bitcoin is on demand and people are showing interest for bitcoin, today we are living in a new era where everything is getting digital so we must have bitcoin right now and people knows bitcoin will be on demand so right now we should buy more and more bitcoin, high demand of bitcoin is increasing the price of bitcoin very high.

[Dudeperfect]

Well, the biggest reason behind the rally is the involvement of the big whales and institutional investors. This rally also attracted new investors but we since we don't have a high level of mass maturity as of now, the market is still fluctuating and big whales are taking benefit of the same. On the other hand, the year 2017 was the year when crypto and blockchain concepts went mainstream and attracted new users so naturally there was a high demand resulting in a rise in price. At this stage, I believe that Bitcoin is undervalued considering the user base and global perception.

[waywethe]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

My opinion is that of demand. When the market is in high demand, of course Bitcoin prices will increase as demand of the market. But Bitcoin surprised me with its development

[NelfiNovita]

bitcoin is getting more expensive because the amount of bitcoin has decreased, besides the bitcoin price becomes expensive because many people want to buy bitcoin. bitcoin prices become expensive because bitcoin is very popular and at present there are countries that accept payments with bitcoin.

[Ferry22]

the high Bitcoin's low price is influenced by supply and demand, if a small supply and multiple auto requests that supply bitcoin will put a high price on account of the large number of people who will buy Bitcoin. and the interest to buy can be high there is also the cause, it could be because of Bitcoin itself that has a lot of benefits for human life, can also be due to outside influences such as news. which has become a habit now and it always happens is if there is good news about bitcoin then buyer interest increases, but if there is bad news about Bitcoin interest down or even sell bitcoin and not hold it. so actually there are many factors that affect the bitcoin price, as I mentioned this.

[unknown-user]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The possible reason behind this surely has something to do with the demand in the market. The market demand is reflected to the market value of cryptocurrencies such as Bitcoin and etherium. The market balue is proportional with the demand such that if one will fall, same thing would happen with the other one. Also, anything that is in demand will be expensive and that i think is the simplest reason behind this.

[Keyboard PC]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

the very high bitcoin price is most likely the cause of the very high demand and from the very limited total supply to make the bitcoin a very expensive coin, as the bitcoin year will decrease its supply which means bitcoin will always be a very expensive coin.

[nambunamba]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The main reasons is cause speculation, many people coming into cryptocurrency and the coin that they know is only bitcoin. Bitcoin is the first cryptocurrency and there is a lot people heard about bitcoin increasing and mostly people who are intrested in cryptocurrency are investing on bitcoin. So with high grow bitcoin become most valuable coin and the demand is increasing so much.

[Omega Weapon]

I'm of the opinion that Bitcoin is expensive because it is a virtual analog of gold. If you can print normal currencies as much as you want, then you can not issue digital cash. And already in the near future the production of bitcoin will be exhausted. So, these coins will only go up in price.

While bitcoin is not a perfect analog of gold, they share a lot of characteristics one of the most commented is the scarcity, gold is very scarce because it's a heavy element of the universe, and there is a limited amount effect the we can exploit on earth, with bitcoin we have artificial scarcity created by the code developed by satoshi, so in that particular characteristic gold and bitcoin are the same.

[khoatg11]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The reason behind these price rise is:
1 - Bitcoin is set to revolutionize the way transactions , enabling direct payments between two parties without the need for a third party operator, across borders too.
2 - It doesn’t work like dollars or other national currencies where the government can print as much as they want to.
3 - Over time, the prime cost of mining increases due to limited supply and higher difficulty levels
4 - Bitcoin is compared with Gold. Both of them tend to deflate
5 - The demand for bitcoin is increasing. while bitcoin supply is limited. Therefore, in the long term, bitcoin prices are very high
Increasing demand can be seen :
+ The increase in the number of new wallets and Bitcoin addresses being created is consistently growing
+ Some countries , Banks and Amazon will soon accept Bitcoin

[farmer1618]

Although Bitcoin value has a certain fluctuations in the Cryptocurrency market, Bitcoin prices will continue to increase as there is a link between demand and the amount of Bitcoin produced. Bitcoin has created a completely new trading trend compared to traditional trading. Demand for Bitcoin in future commercial transactions will continue to increase as Bitcoin offers the advantages that cash can not have. Along with the 21 million Bitcoins produced, when the supply does not meet the demand, the value of Bitcoin will be huge.

[carlisle1]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

because btc is the king of all cryptocurrency lol,

Bitcoin is the most used platform of all,before you convert all coins to fiats,you need to go through bitcoin first,and with this limited stocks,this reasons why becomes the highest value coins of all time..

[eroejoe]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Because of high demand for Bitcoin and media hype. Bitcoin is like digital gold, so people buying it in hope that one day they will take profits from it. I think that we are gonna see next wave of rising Bitcoin price this summer. There is few reasons for high demand ranked according to the strongest impact on demand in my opinion:
1. high volatility
2. limited supply of Bitcoin
3. promising and disruptive technology
4. greed.

[DarkTaiga]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Because of people's hype, media hype, blabla,...(And it can caused by whale), so Bitcoin is similar to diamond. People who buy bitcoin are emotional (panic) when it fall. It make bitcoin pump and dump continuity. Whales have taken advantage of this, and they buy much bitcoin with cheap price. So the bitcoins are becoming scarce. The demand for bitcoin are increasing, so rising bitcoin price is matter of source. Another reason is that bitcoin is not as easy to mine as before, and the bitcoin which can be mined are reduced.

[TheAndy500]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

because btc is the king of all cryptocurrency lol,

Bitcoin is the most used platform of all,before you convert all coins to fiats,you need to go through bitcoin first,and with this limited stocks,this reasons why becomes the highest value coins of all time..

Bitcoin is the most used platform of all- that is true, and  thanks to that bitcoin has price that we know from nowadays. There is still increasing amount of people which invest in bitcoin and price thanks to that is going up and up.

[nur rochid]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

because btc is the king of all cryptocurrency lol,

Bitcoin is the most used platform of all,before you convert all coins to fiats,you need to go through bitcoin first,and with this limited stocks,this reasons why becomes the highest value coins of all time..

Bitcoin is the most used platform of all- that is true, and  thanks to that bitcoin has price that we know from nowadays. There is still increasing amount of people which invest in bitcoin and price thanks to that is going up and up.

right, bitcoin is center of another cryptocurrency, to get to a coin or altcoin we have to pass bitcoin first, so do not be surprised if many people invest primarily in bitcoin, and i think that's what makes btc price increase

[KnightElite]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The value of the bitcoin is base on the price of the demand and supply in the cryptocurrency market. The bitcoin has limit supply of 21 millions and it is the reason why the bitcoin is becoming more valuable as time passing by.

[ruski]

Bitcoin is the oldest and the most successful crypto currency, its trading volume is great too, and it have many attractive features, thats why its price is always the highest among digital currencies. Bitcoin's potential is also high and promising, and its price is expected to reach higher levels soon.

[Chachacoin17]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The value of the bitcoin is base on the price of the demand and supply in the cryptocurrency market. The bitcoin has limit supply of 21 millions and it is the reason why the bitcoin is becoming more valuable as time passing by.

I totally agree! As the leading crypto all over the world, it draws so much popularity and curiosity among others. With each passing day, more people are getting willing to learn more it nature, advantages and disadvantage and drives them to join this fast evolving world of digital currency. Just like any other forms of businesses, trading, investment, or even in cryptocurrency, the law of supply and demand are always present and that is why it has an effect in the rise and fall of price. Bitcoin has a fixed supply, and the volume of demand is increasing that's why it results to a higher price and can't be deflated compared to other cryptocurrencies. Our support to BTC has a great impact in inviting more audience and serious people to be part of its family and make it prosper.

[Hirameki]

Its because of the people who use it. Us using it makes bitcoin make its price go higher, people who buys bitcoins add up to the price of bitcoin. Applying law of supply and demand. Prices goes up when demand increases. thats just the way how it goes.

[Teh-pucuk]

because btc it is the king of bitcoin that the amount of coin a little but the demand for the more and more interested peminatnya

[ChConcept]

What I can see here as the reason why Bitcoin's price is increased and continuously increasing is because of the law of supply and demand. Over the years, investors, traders, even the normal Bitcoin users are starting to see the great potential of Bitcoin,  people believe in it and more and more countries and big corporations are using it and its technology so the demands gets bigger and higher each year, hence the price goes up too.

[anussayme]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin has been known for its high growth for so many years. There are many who believe Bitcoin is profitable for investors, so many people have invested in Bitcoin more so Bitcoin has more a lot and abundant. In future, this currency will definitely have many participants.

[CryptoMauren]

There are 3 factors that cause bitcoin has a high price
1. Japan's Adoption
    The Japanese government has adopted a policy of using crypto in its country. So in Japan, we can already make
    transactions using BTC in various merchants.
2.The Filppening
   Alternative coins (commonly called altcoins) have existed long enough along with the presence of Bitcoin. As of this
   second, there are already many altcoins emerging and have strong enough value in the market, such as Ripple, XRB,
   POT, etc.
3.Wanna Cry Ransomware
   Known as ransomware attacks are quite aggressive before ahirnya can overin same one of the IT experts (who now now
   arrested FBI with allegations of data theft)

[Findingnemo]

because btc it is the king of bitcoin that the amount of coin a little but the demand for the more and more interested peminatnya

The main reason for the price is the users and investors are increasing every day so it the reason for that but in sometimes the value is not stable because of increasing sellers.

[nara1892]

1. Because there are many peoples who invest in bitcoins, including the big investors
2. Because it's deliberate pumped
3. Some countries have a crisis financial and its citizens move to bitcoin
4. Hardfork, in order to get free bitcoin cash and bitcoin gold, they are willing to buy bitcoin.

[ArteMixer]

The main reason is the rule of economy: the demand = the supply. If the supply is lower then the demand, then this inequality is balanced by rising the price of the supply, therefore making it available to less people and lowering the demand.

[Rakesh_alejandro]

The difference in price signifies how useful the coins were to people. If it will be utilized, the more will be the demands for the coins thus increasing its price and the lesser people using it, the more supplies left unused, the lesser will be it's price. This idea is the same with gold. Had it happen that evrything on earth is gold nobody would ever be able to sell it high and it wouldn't be that precious.

I think with innovation and cutting-edge dominance, Bitcoin is not separate but more developed.
That is the reason why Bitcoin is so solid today. An increasing number of individuals coming to Bitcoin. So later the cost of Bitcoin continues to increase.
I believe that the cost of Bitcoin increases as their testers have deliberately swelled the cost of Bitcoin.

[Marrionbitcoin]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The price of Bitcoin is still higher as compared last year because the volume and demands are still higher and investors still holding or not pulling out their invested money in Bitcoin so the price is still high. Once all traders have pullout their investments then that's the time Bitcoin will lower the price.

[JRoa]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The demand of the people to bitcoin is getting higher and it is the reason whu the price of the bitcoin is becoming more expensive. The bitcoin  is becoming more popular all over the world because of its benefits and importance in our economy.

[putriangel]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Perhaps because of the increasing demand for bitcoin and also to its increasing popularity. And also the big investors are now investing in bitcoin. Maybe that's why the bitcoin price is so high.

[LynielZbl]

Well i think, it just because bitcoin increasingly in demand of many people, and all its advantages more visible among many people. And not only that, of course, many people who're just tried till feel more interested and finally feel comfortable with it. Well the point is that bitcoin develops well from time to time until its popularity is increasing among many people and as we can see it keeps on rising as every months that passed by.

[webdevmastery]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The prices of every cryptocurrency in the market is always depending on the supply and demand and if you are a trader then you really need to check every chart in the market in order to get a huge amount of profit because they have different prices.

[Dark Sky]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The prices of every cryptocurrency in the market is always depending on the supply and demand and if you are a trader then you really need to check every chart in the market in order to get a huge amount of profit because they have different prices.

But I think bitcoin is a digital currency and its specially work for those who know about online works, so it depend on its popularity and that's why people will attract to bitcoin and they trust in bitcoin because they know if they invest for future so they will get huge profit and that's why bitcoin price will more high so it will more helpful for those people who actually need this because every person have no job and no manageable salary so bitcoin is much better for them,

[tylerderden]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The demand of the people to bitcoin is getting higher and it is the reason whu the price of the bitcoin is becoming more expensive. The bitcoin  is becoming more popular all over the world because of its benefits and importance in our economy.

Maybe it's The bitcoin is also popular amongst criminals and hackers also as it is pseudo anonymous and your identity can't be known if you use bitcoins, so that's a plus point for them to use bitcoin instead of cash or PayPal or any other means. Also many people buy bitcoins to save themselves from taxes and evade law as bitcoin owner's identity can't be known so it is pretty easy for someone to hide their money in this cryptocurrency and also money laundering have also been made pretty easy and that too within a few minutes to few hours anywhere around the globe money can be transmitted. So these factors create a huge demand and the price of bitcoin rises due to this reason.

[Rugosa]

Scarcity and dissemination.
People are starting to realize how rare it actual is, and coming to terms with the fact that they probably will never be able to own an entire bitcoin themselves.
The rich also love to buy things after they become expensive, so more and more supply is being removed by the rich now, while the poor are desperately trying to catch the train. Couple that with supply being permanently lost over time.
 The supply shock creates that pump formation we are used to seeing, and then it dumps and begins the cycle again.

[Whitly]

I think it just an effect what did the massive advertisement campaign in end of 2017, what was financed by the group of rich investors to boost bitcoin price. And since many of new people started using bitcoin, demand grew thereby increasing the price.

[blackhawkeye1912]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

It happened I think because of the whale investors who are capable to manipulate the price value of bitcoin secondary the demand by that

time was so high, so its rapidly increase in an unexpected.

[zwiggel]

I think bitcoin is expensive because it is widely used. Bitcoin has high security. The bitcoin market is expanding around the world. Many countries like the United States, Japan always support bitcoin activities.

[bencongponcol]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Market demand is the reason why bitcoin price increase so high. Many people interest to invest their money into bitcoin and hope got profit from bitcoin.

[bubble pop]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

I think the main reason behind this is their popularity. Them being popular means that there will be a lot more people who will buy them because they are easy to buy and we all know the fact that if the demands of the bitcoins will rise the price of them will rise too because that how their volatility works. Then they grow much more that makes them a great investment and even those normal people who did not really invest try to biy bitcoins and so that makes the bitcoins rise.

[MaestroProject]

The market depends mainly on supply and demand. Simply put, demand was high so price went up.

Also, the extreme popularity of Bitcoin in Korea pushed the price upwards. It seems the price of Bitcoin is highly elastic.

[laravuemaster]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The price is depending on the supply and demand in the market and we can always rely on the volatility of the coins in order to earn more profit so we cannot always expect a high price because we also need a dumping time in order to invest at a lower price.

[Sadlife]

More people started buying it and i mean people with lots of money. It's just a simple supply and demand concept. People believe that btc is the road to success which was true and made many people millionaires and become popular then the buying trend begin which also started a bullish run that made the price what is it now.

[kolitski]

The bitcoin have a high price because of the demand in the market and many countries around the world are having interested in bitcoin, The people are holding bitcoin in a long period of time for the huge profit of bitcoin.

[befriendmywater]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

I think that is the time when businesses are looking for something new to serve their business. They found the potential of bitcoin and invested in it, so bitcoin was pumping a lot of capital. Bitcoin really has a great impact on businesses and relatives abroad. Bitcoin has done it well and meets the needs of so many people in the world, so the price of bitcoin is high.

[shaheer001]

When difference creates between demand and supply then the price move up or down,Bitcoin demand is more than supply so its price move up this is the simple logic behind any market  or trading platform or single currency.

[dekafee79]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

In my opinion,the bitcoin has high price because the demand for it is very high. Normally for anything which has high demand has high price.

[Vincemanam21]

Let's say, it was thanks to the great demand it has now. It is good also that there are some promoting crypto currency

[Cotton Candy]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

They are having a high price because there are a lot of people who are investing in them buying butcoins for the future. And buying a lot of bitcoins is an increase in the sales of bitcoin whoch makes their prices rise. Look at theur value over time they really started.from the bottom until now there are a lot.of people all around the world who knows what bitcoins are and they invested in it then that makes the bitcoin rise and you know the opposite of that so if a lot of people sells the bitcoins will drop

[John Joseph Mago]

Bitcoin or BTC have high price because of high demands and this is the first cryptocurrency and there are many uses of Bitcoin and there are many holders of it but Bitcoin is not the highest price there's a coin has $100k you can take a look at coinmarketcap.

[kokorotomoto]

many people are interested and invest. that's what makes the bitcoin price high and higher

[hawkins]

Bitcoin or BTC have high price because of high demands and this is the first cryptocurrency and there are many uses of Bitcoin and there are many holders of it but Bitcoin is not the highest price there's a coin has $100k you can take a look at coinmarketcap.

well, the high demand is always increasing every year, they use it for various purposes, such as investment, project development, or other things. a great need to make bitcoin has a high price.

[siti25]

arena enhancement technology promised by Bitcoin system. The Bitcoin developers promised Bitcoin's increased scalability of a new method called Segregated Witness (SegWit) to provide additional space for more transactions. With the increased scalability, then the problem of increasing the expected transaction cost can be overcome.

[SplendidHunter]

I think from my opinion that the reason is just growing interest of people in cryptocurrency this days. more people/money are comming.

[Mr_Devin]

I think the bitcoin price is getting higher, putting Btc in a privileged position in the eyes of many people especially those who are interested in making a profit. Causes of high Btc prices, among others, due to the emergence of Bitcoin cash that motivates people to buy bitcoin. Improved technologies promised by bitcoin give system changes, so Bitcoin developers promise Bitcoin's increased scalability through Segregit's new method of Segregated Witnes (Segwit) to provide added space for more transactions.

[cemburu]

We never thought that Bitcoin would explode at such a high price.
I think the rise in Bitcoin prices is due to a large number of investors and transaction traffic using Bitcoin in various worlds.
Transactions that occur in large quantities will affect the volume which means also affect the increase in Bitcoin prices.
That is why Bitcoin is rising in value.

[Brangos99]

Bitcoin prices in various international and local bitcoin markets such as coinbase, bitstamp, kraken, bitcoin.co.id and others are driven by several factors. Such volatility in bitcoin markets that do not have an index is generally accepted, since cryptocurrency as an asset class is still in its nascent stage. However, bitcoin is capable of experiencing volatility in the form of a 10-fold price change against the US dollar currency with a short time change.

[Britanshio]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Yeah bitcoin was high price its because people really intested of it that's why it's started to rising ipa and the value of it will easily growing up.

[hahay]

Even I never thought the bitcoin price could be very high and even exceeded the gold price very far. But I think bitcoin has a high price because bitcoin has great support in many countries due to its highly transparent blockchain technology. So maybe with that many of the stakeholders who believe in blockchain technology that fully supports bitcoin as an asset for modern investment.

[malah]

I think, bitcoin prices are high because demand is very high while supply is very limited, if demand increases then bitcoin prices will increase as well and with technology that continues to grow then bitcoin will also continue to grow.

[evader11]

Bitcoin having a high price because the demand is very high while the supply is very little exceeded it if the demand will increase the value will increase too. Also because of those people who trust, believe and invest of it so if they are a lot of people will become investor it will continue to grow up to the moon.

[Carreuh]

There may be some very influential on this bitcoin price increase from the already depleted supply of bitcoin so that the price goes up and again the more days the more bitcoin enthusiasts he is all over the world, there may also be other factors so bitcoin has a very expensive price.

[pabpete]

There may be some very influential on this bitcoin price increase from the already depleted supply of bitcoin so that the price goes up and again the more days the more bitcoin enthusiasts he is all over the world, there may also be other factors so bitcoin has a very expensive price.

Bitcoin’s surging popularity, demand and growing awareness of the crypto market has all contributed to its unprecedented rise.The token is a store of value used to exchange for goods and services. Bitcoin is not regulated nor is it a legal tender,but it is popular and in high demand which drives prices.

[Yoshinoya]

Because demand is very high and many people has started to be aware of bitcoin and many countries have been interested in blockchain technology and
people like to invest more thats why bitcoin price is vey high.

[clarky]

Well a lot of proper things befell last year and I suppose its too late to be aware of the purpose why perhaps we ought to focal point greater on the current trend. Btc is a precise coin and deserve its fee proper now, but it appears like the market are nonetheless preparing for something large so I expect higher cost of bitcoin at the stop of 2018. Bitcoin has high price because the demand for it is very high. Normally for anything which has excessive demand has high price. Not solely the demand, the popularity, technological know-how and utilization drives this crypto rate higher and greater each day. As you stated Bitcoin fee is high however as of now the rate is low in contrast to the last 12 months high charge it achieved.

[futuret]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The reason behind these price rise is:
1 - Bitcoin is set to revolutionize the way transactions , enabling direct payments between two parties without the need for a third party operator, across borders too.
2 - It doesn’t work like dollars or other national currencies where the government can print as much as they want to.
3 - Over time, the prime cost of mining increases due to limited supply and higher difficulty levels
4 - Bitcoin is compared with Gold. Both of them tend to deflate
5 - The demand for bitcoin is increasing. while bitcoin supply is limited. Therefore, in the long term, bitcoin prices are very high
Increasing demand can be seen :
+ The increase in the number of new wallets and Bitcoin addresses being created is consistently growing
+ Some countries , Banks and Amazon will soon accept Bitcoin

Bitcoin price is very good for investors and important near them. They used to buy at low price and sell at high price for profit and this is what an investor wants. Furthermore the price of Bitcoin increase with the increase in demand and that is what happening out there in the market. The daily market processes are going and running on their tracks so automatically the increase in Bitcoin price will happen and is better for investors.

[Xardasim]

The reason is demand of people. Because, as people began to hear about cryptocurrency, the demand increased and the price came up to these places. If there were no panic sales on past time, the price was overshadowed by 30k. I mean, until Bitcoin was created, there was no such currency in the world. The advantage is more than paper money, which is the cause of demand.

[Elviragreg]

Perhaps the factor is that many people want to have bitcoin but there are very few and many people hold bitcoin for long-term investments. Then bitcoin is still the benchmark for other coins.

[Barbatsutsa]

Because it's the most well known coin and most sustainable for this moment, these are the main reasons.

[bengsabeng]

because bitcoin has a limited amount of 21 million bitcoins for good. so many people want to have it, that's why bitcoin prices are so high.

[15putriutami]

Because many people are already starting to know bitcoin and that's one of the reasons why bitcoin is so high as we see people start investing in bitcoin. Bitcoin is like having its own interest for people who want to invest because it can really benefit the person.

[angaper]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

I have no doubt that the great bull run observed last year occurred because of a large speculative wave generated by the great rumors that bitcoin had the potential to be worth hundreds of thousands of dollars per unit, which led to many unsuspecting investors to buy in the middle of the vortex, motivated more by the FOMO than by a cautious analysis of the risks involved in an investment of that nature.

Because observing the behavior that the price of bitcoin had had the previous two years, I believe that the natural price of bitcoin at this time should be between $3,000 and $5,000, so I think there is still room for the downward correction to continue.

[liseff3]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin has high price because the demand for it is very high. Normally for anything which has high demand has high price. Not only the demand, the popularity, technology and usage drives this crypto price higher and higher every day.

You are right, and I will add a little bit.
Many of the growing speculation and positive perceptions arise among bitcoin users.
Gloomy global economy, so this causes investors to look for more profitable new assets.
The existence of players which have very large funds and they have participated in raising bitcoin prices.

[Bella Thorne]

The main reason is the investors who buy bitcoin are not only small ones but mostly big whales spend their money in bitcoin. Therefore, whenever a large investment is made by them, the coin rises unbelievably.

I am sure that bitcoin is having a big price because bitcoin is running for long time and a lot of investor all over the world is known bitcoin and they are spending a big amount  of money with bitcoin that's why until now the price of bitcoin has a chance to increase it's value for more than $20k.

[Nhor1011]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

     It is simply because a lot of people trust and accept bitcoin. And we know that if the demand is higher the tendency price also higher. If we talk about bitcoin price value it is always base on the demand and supply. Since the bitcoin supply is limited to 21M while the demand continue increasing  the possibility of bitcoin price is also increasing. That's the reason why bitcoin so valuable and famous digital currency among other coins.

[elghoniya]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

yes, I think  BTC having a high price because because the demand for it is very high. the market is going up too. many factors effect the price of btc.