Why BTC is having a high price?

[orarider]

Many people already know the benefits that bitcoin brings that have invested in it making the bitcoin value soar. The ability to liquidate quickly and have high security helps butcoin many people believe. Bitcoin is not liable to any tax that has made it possible for everyone to participate. These have pushed up the bitcoin value.

[Chingchangfu]

Its because of increasing demand And Investors try to buy and sell Btc.

[valentine401]

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 price of bitcoins is always depending on the demand and supply in the market and if people will always invest then the demand is keep on increasing and it will affect the price of cryptocurrency to increase even further.

[Boknoi321]

Bitcoin has high prices because bitcoin is the cheapest bidet in the Bitcoin crypto currency. Last year, Bitcoin's value was $ 5000. At present, bitcoin is worth $ 8500. I believe that in the end of 2019, Bitcoin will be worth $ 20000 bitcoin inventions result in people's benefits. Therefore, the price of Bitcoin will move towards higher level.

I think it is because of the investments and benefits they give here in btc. One of the reasons it is in his higher price because lots of people already know the benefit of btc, and bitcoin will get their benefit also.

[horrifiedx1]

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 price of bitcoins is always depending on the demand and supply in the market and if people will always invest then the demand is keep on increasing and it will affect the price of cryptocurrency to increase even further.

bitcoin investment can come from investor confidence, if trust is high then price will rise, besides that also big investor can play price, so can pump or dump some moment

[parthgajjar]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

You can see that the bitcoin price is currently very high, the great application of bitcoin to humans. Bitcoin is considered as digital gold, but with the absolute safety and security Bitcoin is a lot of interest and allows circulation as a legal currency. The bitcoin price is going to follow its annual cycle, so you can fully trust and invest in bitcoin.

[Jaybitcoin2018]

Its because of increasing demand And Investors try to buy and sell Btc.

Yeah, that is correct its because of poeple who trust bitcoin at this time that is why it increases the value of price in the market. Were supply and demand really in demand to the digital economy.

[jeanpadel14]

Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. First we must understand what drives bitcoin price and, in particular, this boom. The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges.

[weblaraveluser]

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 price in the market is always depending on the amount of supply, it only means that there are more people today who are keep on holding their coins in the market and people are demanding so the supply is decreasing and it makes the price to increase even more, the speculations today are saying that bitcoin can reach $50k dollar before the year 2018 ends.

[Cinemo]

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 Bitcoin price rise I think because of the large number of demand ,user and because of the supply. like other products if the supply is low there is a large of number of demand, if the demand is low there is large number of supply, vice versa. Also the number of investors that are invested into Bitcoin and the user of it. As of now Bitcoin is very popular i think bitcoin is known in every country right now bitcoin become popular because of the number of user and because of social media that is why bitcoin price is rising. .

[StevenPop]

Bitcoin price went up because people realized that bitcoin is now very useful and that they could make a lot of money from it so they came into the market in droves which drove up demand and prices soared.

[isetter]

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 can be very popular with many people. There are many new investors who want to invest in Bitcoin and the need to increase the price of Bitcoin will also increase. That is very normal

[kangbasir]

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 the cause of BTC price increase is due to the increase in technology promised by Bitcoin through system changes as well as the large number of btc users that drive price increases and are expensive.

[South Park]

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

And the best part is that bitcoin is still very small, the benefits that were going to get when bitcoin is finally adopted all over the world will be very difficult to measure, can you imagine traveling to another country without the need to convert your currency to dollars or to the local currency and to be able to pay instantly thanks to the lightning network? Because that is where we are headed.

[DmitFomin]

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Apparently at the beginning of 2017, there was a strong increase in interest in bitcoin from people who had never heard of it before. Everyone was interested in the price increase from $300 at the end of 2016 and up to $1000 at the beginning of 2017 of an unknown thing called bitcoin. This made bitcoin so popular all over the world from schoolchildren to old people.

[ulia93]

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 answer is quite simple: on the economic principle of trade is when bitcoin prices increase, it means the amount between bitcoin supplies is less than the market demand for bitcoin. besides that it causes very many investors to invest in bitcoin because bitcoin can be trusted as a form of investment that has great potential for the future and of course this is seen from some advantages possessed by bitcoin.

And the rise in the price of Bitcoin from $1000 in early 2017 to $15,000 in early 2018 is a good illustration of how popular bitcoin has become over this time. And its high price shows how much it has a large community, because it cost more than one troy ounce of gold and this gives hope for its further growth.

[horrifiedx1]

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 Bitcoin price rise I think because of the large number of demand ,user and because of the supply. like other products if the supply is low there is a large of number of demand, if the demand is low there is large number of supply, vice versa. Also the number of investors that are invested into Bitcoin and the user of it. As of now Bitcoin is very popular i think bitcoin is known in every country right now bitcoin become popular because of the number of user and because of social media that is why bitcoin price is rising. .

indeed social media is very influential on the development of bitcoin, from there will be many new investors who are interested in btc. so that if there is demand in large quantities then movement of btc is getting bigger too

[petyang12]

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's price started to rise when it's demand goes up. Bitcoin price is also increased because of news and influencial people on bitcoin that results in some bad news and good news. One more thing rising of bitcoin's price would be a advantage to those bought bitcoin when it's price still at it's lowest price.

[MAJICOIN]

The high usage and the high demand boom the crypto currency like bitcoin and previous years bitcoin were not show any growth but for now the bitcoin is growing and the value is also high so it is good for us because if we have this currency we will become more valuable then the past and a full investment strategy is also very good for a bright future,

[Ikay]

There are many reason of it and the number one reason why bitcoin are having high value and profitable because of the investors and users many people invest their money to bitcoin and gain profit. do you think that bitcoin don't have investors it is valuable? or it have a high price in the market?