Why BTC is having a high price?

[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 ^^