Why BTC is having a high price?

[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.

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[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?