Why BTC is having a high price?

[Kiweikoo]

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.

Holding is the best technique used by people for making huge bucks with bitcoin. The longer you hold this coins, the greater chances you are giving to yourself for being part of massive success. Mark my words that it is going to rock in the last quarter of the year. Bitcoin is back on its track of success. All those how are familiar with the volatile nature of bitcoin are keeping huge piles of it in their wallets.

[t3m4nc0k]

quick to invest because the price of bitcoin will explode, a good development has shown the day when the future of crypto will be open and this certainly gives good news to those who have bought bitcoins for a low price and bitcoin can be an attraction for someone to invest

[FsJsxy]

I do not know, for me, whoever uploaded a very large amount of money in turn, into all the cryptocurrencies. It looked like a price manipulation

[roflmao129]

There are too many people loving to have bitcoin. They believe that holding bitcoin will give them a good amount of money and that is why the price of bitcoin is too high. Too many people are seeking for bitcoin. And it is certain that bitcoin can change the future. Try to buy bitcoin once you have a chance

[Rizqi]

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

used to be btc so cheap and can we buy with an affordable value and indeed btc in the view of something impossible we sell and it sells sold only 1 year their dismissive words, when more or less 4 years from now the value of btc is so high that those who used underestimation now join in getting btc. means from time to time btc has experienced a high level of demand in consumers so that btc prices soared up and the volume of btc only in possession of several people. this is what I have experienced until now

[crazymelons12]

The difference in price signifies how useful the coins were to people. If it will be utilized, the more will be the demands for the coins thus increasing its price and the lesser people using it, the more supplies left unused, the lesser will be it's price. This idea is the same with gold. Had it happen that evrything on earth is gold nobody would ever be able to sell it high and it wouldn't be that precious.

[xvids]

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 it had a lot of investors that is giving the bitcoin a huge demand,
Compared to the past few years it seems like the investors finally decided to get into the crypto currencies .

[Tan_avia)vl.]

When Bitcoin prices rose a little, everyone started talking about it. Its popularity and cost naturally increased very quickly and very highly. Then there was a slump, but people are still watching bitcoin. And today we again see his rise and again about him began to write and speak, his prey again complicated.

[Google+]

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 most likely from a very limited supply factor and from very high demand, just imagine from year to year many people who are interested and want to buy bitcoin, not only that the media is also currently can trigger the movement bitcoin prices want to rise or want to go down from there you can conclude that bitcoin prices will always rise because the total supply is thinning and the harder it is to get bitcoin.

[Omega Weapon]

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

In my opinion the reason for that was very simple for years there has been a debate about how to scale the network and it seems like we didn't make any kind of progress for a lot of time but finally the developers were able to activate segwit it may not seem like much right now just a decrease in the fees and that's all but it has opened the door for the lightning network which will allow bitcoin to actually become a currency we can use.

The price of bitcoin pumps higher when demand rises, but in most certain cases dumping will happen all the way due to panic selling. We are out of control that's why people who seems to see it crashing will decide to sell early and don't care to hold longer. That becames worst if a person relied on his/her daily expenses from bitcoin profit mainly the food that feeds their families.

But you are not seeing the big picture, yes the price goes up when there is more demand but why the demand goes up? While there is a natural growth of the demand as bitcoin becomes more popular among the population when the price rises abruptly there must be a reason, sometimes it has to do with big investors getting in the market but most of the time it is about a development happening in bitcoin that improves the coin.

[Xardasim]

The greatest reason for this is the interest of people, so, ''demand''. I didn't see humanity is so interested in anything like Bitcoin in my lifetime. Privacy of cryptocurrencies, also be trustable, low fee attracted people's attention, and I don't think there are people in the world who don't hear Bitcoin.

[PatronRH]

Bitcoin is a decentralized currency there is nothing that alters with it's price except for the demand and supply if the demand is too high when the supply isn't the price goes up.

[niceone]

I guess bitcoin popularity is one of the main reason why the price of bitcoin increase so fast, with all of the news going around bitcoin popularity increase day by day and it really has a big affect to bitcoin because of those investor who's gotten interested in bitcoin.

[olia10]

I'm of the opinion that Bitcoin is expensive because it is a virtual analog of gold. If you can print normal currencies as much as you want, then you can not issue digital cash. And already in the near future the production of bitcoin will be exhausted. So, these coins will only go up in price.

[sultanali]

Because Bitcoin is the king of cryptocurrency so anyone who comes to this crypto field most of them buys bitcoin instead of other coins so because of that bitcoin is growing more than other coins.

[ringgo96]

the demand from users is huge. In addition, today's big name bitcoin makes people people know him. and automatically make people appeal to get to know more.
now the price is down from last year. but still that demand keeps increasing. factors of business and politics make sometimes the price at play

[babaya]

main reason for price price is , technology that adopted by bitcoin.it has new concept of economy.much people right now are bored with sentralized that make on thing dominate the economy.and we need a change ,that called bitcoin.

[kimochidesh]

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 demand of Bitcoin is very high as compared to other cryptocurrencies which makes its price high. Bitcoin was the first cryptocurrency which was launched and has been alive since then. Therefore it enjoys the faith of investors. The supply of Bitcoins is also limited to 21 million Bitcoin which further adds to the price of Bitcoin. Also, Bitcoin is gaining popularity as alternative payment mode among today's youth so its price is inc day by day.

[Dread Pirate Roberts]

I once answered a thread like this first. which I know and probably many who think the same is. because of smart contract from ETH attract new adopters crypto again and also maybe it is definitely a pump. because rising from 1k to 15k is actually a bit strange if no cause.

[ReiMomo]

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

Demand and supply of Bitcoin makes its rice rise and it is the major reason for high price. Since Bitcoin has high demand and which leads to high supply makes its price also high. Apart from these two main factors the craze and the familiarity of the coin makes more people involved in trading in Bitcoin and obviously the price gets shoots up with more number of traders and investors.