Why BTC is having a high price?

[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