Why BTC is having a high price?

[ASHLIUSZ]

By that time of price under $1000 it was not much known by the people. Later it started to get more importance with lots of services accepting bitcoin. Another thing mass adoption began to take place often in large scale. Japan's entry became a big support to the growth of bitcoin much higher in a short.

[cabin]

Bitcoin started having High prices when there is increase in Elasticity of Demand, bringing down the Elasticity of its supply. However, the denouncement of negative widespread rumor from both China and Indian among all other few countries mentioned for FUD are also part of the reasons for this upsurge in value, where Bitcoins continues to enjoy massive patronage owing to its famousity inherent.

[charmaine08]

I think it is because many people  are investing and trusting  on this kind of  crypto .

[gudrun]

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 price of bitcoin is so high that it is very valuable because of the great bitcoin applications, which are accompanied by fast security and liquidity. One of the most important factors is that the bitcoin scarcity is what drives the price of bitcoin to as high as it is at the present time. I believe bitcoin prices will be even higher in the future and will be digital gold.

[JaxxBoll]

I think that bitcoin is expensive because it has grown a long time and everyone believes in this coin because it makes the value of bitcoin go higher. If compared to technology I think bitcoin can not be equal to the new coin.

[maculeth]

because demands on the bitcoin are increasing drastically, along with the increase, bitcoin supply is still limited to 21 million. that's what keeps the price up to the moon. because demands are high, but supply is limited.

[ashkanm]

that completely depends on the demand Many people has started to be aware of bitcoin and other crypto-currencies since last year and many people see that bitcoin provide opportunities for one to make quick money through investment so the bitcoin prices severely increased

[pokang13]

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 reason behind the price is getting higher and higher as time goes by is because the high demand of bitcoin and many investors are attracted to invest in bitcoin.

[Brat ipoh]

of course if you ask this everyone will answer because bitcoin is the parent of all coins so it is very reasonable if the price is very high and it would be very difficult to altcoin beyond the bitcoin price

[dobladi]

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 reason behind this is the high demand in the market for Bitcoin. It is applicable to anything that is in the market wether it is on real estate or in cryptomarket. Anything that is indemand is surely expensive and that I think simply explains this. But at this moment,the market price is falling and I think it has also something to do with the demand.

[susuberuang]

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 prices are very expensive because the current supply condition of bitcoin is very limited which has very high demand and demand. Not only that with bitcoin you can pay whatever you buy in the internet world or around you who can receive payment using bitcoin, that's what causes bitcoin price conditions to be very expensive.

[bajigur894784]

It all happens In accordance with economic principles. when a commodity rises in price, it means the amount of demand is greater than the amount of its supply. I think that's why bitcoin has a very high price.

[danim1130]

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

So many reasons behind it. i guess first is the idea of bitcoin there are many remitances that are taking so much fees in sending money abroad. people getting use bitcoin because they can send anywere without paying high fee's second is the value of bitcoin it starts increasing and people bought it....

[Harper6]

of course if you ask this everyone will answer because bitcoin is the parent of all coins so it is very reasonable if the price is very high and it would be very difficult to altcoin beyond the bitcoin price

The current market price of Bitcoin is the price after traveling a long journey in the market. I would love to add that even the current market price is not much high because it has declined sharply in the start of 2018 and slowly going up again. The market value is expected to surge again so if you are asking this question because you want to invest, go for it without hesitation and it will give back.

[Dark Sky]

of course if you ask this everyone will answer because bitcoin is the parent of all coins so it is very reasonable if the price is very high and it would be very difficult to altcoin beyond the bitcoin price

The current market price of Bitcoin is the price after traveling a long journey in the market. I would love to add that even the current market price is not much high because it has declined sharply in the start of 2018 and slowly going up again. The market value is expected to surge again so if you are asking this question because you want to invest, go for it without hesitation and it will give back.

Now bitcoin price is low than last year's price but it will again high because many of people want to invest in bitcoin and maybe that's why its price will more high and more popular because bitcoin is very beneficial currency and that's why everyone wants more profit.

[Linggis]

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 high value due to the development of cryptocurrency market situation from year to year.
Increased technology promised by Bitcoin through system changes is one of the things that boost the value of bitcoin.
Bitcoin developers are promising Bitcoin scalability enhancements through a new method called Segregated Witness (SegWit) to provide additional space for more transactions.
Of all the things bitcoin finally has a high value than any other crypto coin.

[chengyinoing]

The value of a bitcoin ultimately depends on holding, and it can be very small in any form every day, but its price can still be very high. Why? People are willing to hold it for a long time. Some of these things are very large, but they fall sharply at the same time that they are very much in circulation.

[sapu jagat]

because crypto is bitcoin first and at that moment devotees are very large, it becomes increasingly high bitcoin made up to this point and then comes the new coins that started much too.

[frankybutterin]

the high level of a good is determined by the amount of demand and supply. Similarly bitcoin is high because high bitcoin demand is not an adequate supply. The amount of bitcoin limited to only 21 million coins makes the amount of demand always higher than supply so the bitcoin price is always high.

[lelahkenabanned]

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 bitcoin is affected by the supply of bitcoin which has a limit of only 21 million pieces of bitcoin while for now the circulation of bitcoin has reached 17 million so only the remaining 4 million pieces of bitcoin are still available that makes the bitcoin price becomes very expensive .