Why BTC is having a high price?

[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 .