Why BTC is having a high price?

[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.

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[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.