Why BTC is having a high price?

[psk07]

He appeared in the forefront, many rumors and discussions also helped him grow in price, and then demand and time did their job

[Pansamantala]

due of cryptocurrencies popularity to this day: bitcoin is one of the famed type of digital currency. thus, the rapid growth of the community using it mainly affects the circulation of cryptocurrency revolving around it. Moreover, the amount of people crowdfunding the said cryptocurrency made the value high as well as the price in the process. That's why we encourage people to take advantage of price drops and buy during dips

[soname12]

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 is possible that Bitcoin is a high-end currency and many people have invested and had good supply and demand, so he has a high level of market share. I think it is possible that in the future these currencies will be developed in a broader pattern, there will also be a lot more potential for development than Bitcoin in the future.

[Yatsan]

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 might be because of the demand in the market. Whether it is stocks or cryptos, or anything that is being sell in the market, the rule is that if it is being indemand or having a high demand, it will surely have a high msrket value or it will be expensive. That i think is what simply explains this question behind yhe vast growth of Bitcoin.

[Dikpora77]

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

Why the price bitcoin started to explode? because right now bitcoin is left to be mined only 20% of the amount of bitcoin provided. its means that bitcoin already mined 80%. Like you know bitcoin only produced in certain quantities, so bitcoin is limited coin. So this condition make many people in around the world want to get it and making the demand always go up, although earlier this year bitcoin price go down, and hit by negative issues but bitcoin still being favorite coin for everyone.

[Best Dreams]

due of cryptocurrencies popularity to this day: bitcoin is one of the famed type of digital currency. thus, the rapid growth of the community using it mainly affects the circulation of cryptocurrency revolving around it.

Yes bitcoin is a grown up currency it is very popular now a day, bitcoin is securing future increasing fame and popularity is making is wide, huge and rapidly getting high, bitcoin is on demand and people are showing interest for bitcoin, today we are living in a new era where everything is getting digital so we must have bitcoin right now and people knows bitcoin will be on demand so right now we should buy more and more bitcoin, high demand of bitcoin is increasing the price of bitcoin very high.

[Dudeperfect]

Well, the biggest reason behind the rally is the involvement of the big whales and institutional investors. This rally also attracted new investors but we since we don't have a high level of mass maturity as of now, the market is still fluctuating and big whales are taking benefit of the same. On the other hand, the year 2017 was the year when crypto and blockchain concepts went mainstream and attracted new users so naturally there was a high demand resulting in a rise in price. At this stage, I believe that Bitcoin is undervalued considering the user base and global perception.

[waywethe]

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

My opinion is that of demand. When the market is in high demand, of course Bitcoin prices will increase as demand of the market. But Bitcoin surprised me with its development

[NelfiNovita]

bitcoin is getting more expensive because the amount of bitcoin has decreased, besides the bitcoin price becomes expensive because many people want to buy bitcoin. bitcoin prices become expensive because bitcoin is very popular and at present there are countries that accept payments with bitcoin.

[Ferry22]

the high Bitcoin's low price is influenced by supply and demand, if a small supply and multiple auto requests that supply bitcoin will put a high price on account of the large number of people who will buy Bitcoin. and the interest to buy can be high there is also the cause, it could be because of Bitcoin itself that has a lot of benefits for human life, can also be due to outside influences such as news. which has become a habit now and it always happens is if there is good news about bitcoin then buyer interest increases, but if there is bad news about Bitcoin interest down or even sell bitcoin and not hold it. so actually there are many factors that affect the bitcoin price, as I mentioned this.

[unknown-user]

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 possible reason behind this surely has something to do with the demand in the market. The market demand is reflected to the market value of cryptocurrencies such as Bitcoin and etherium. The market balue is proportional with the demand such that if one will fall, same thing would happen with the other one. Also, anything that is in demand will be expensive and that i think is the simplest reason behind this.

[Keyboard PC]

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 very high bitcoin price is most likely the cause of the very high demand and from the very limited total supply to make the bitcoin a very expensive coin, as the bitcoin year will decrease its supply which means bitcoin will always be a very expensive coin.

[nambunamba]

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 main reasons is cause speculation, many people coming into cryptocurrency and the coin that they know is only bitcoin. Bitcoin is the first cryptocurrency and there is a lot people heard about bitcoin increasing and mostly people who are intrested in cryptocurrency are investing on bitcoin. So with high grow bitcoin become most valuable coin and the demand is increasing so much.

[Omega Weapon]

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.

While bitcoin is not a perfect analog of gold, they share a lot of characteristics one of the most commented is the scarcity, gold is very scarce because it's a heavy element of the universe, and there is a limited amount effect the we can exploit on earth, with bitcoin we have artificial scarcity created by the code developed by satoshi, so in that particular characteristic gold and bitcoin are the same.

[khoatg11]

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 these price rise is:
1 - Bitcoin is set to revolutionize the way transactions , enabling direct payments between two parties without the need for a third party operator, across borders too.
2 - It doesn’t work like dollars or other national currencies where the government can print as much as they want to.
3 - Over time, the prime cost of mining increases due to limited supply and higher difficulty levels
4 - Bitcoin is compared with Gold. Both of them tend to deflate
5 - The demand for bitcoin is increasing. while bitcoin supply is limited. Therefore, in the long term, bitcoin prices are very high
Increasing demand can be seen :
+ The increase in the number of new wallets and Bitcoin addresses being created is consistently growing
+ Some countries , Banks and Amazon will soon accept Bitcoin

[farmer1618]

Although Bitcoin value has a certain fluctuations in the Cryptocurrency market, Bitcoin prices will continue to increase as there is a link between demand and the amount of Bitcoin produced. Bitcoin has created a completely new trading trend compared to traditional trading. Demand for Bitcoin in future commercial transactions will continue to increase as Bitcoin offers the advantages that cash can not have. Along with the 21 million Bitcoins produced, when the supply does not meet the demand, the value of Bitcoin will be huge.

[carlisle1]

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 btc is the king of all cryptocurrency lol,

Bitcoin is the most used platform of all,before you convert all coins to fiats,you need to go through bitcoin first,and with this limited stocks,this reasons why becomes the highest value coins of all time..

[eroejoe]

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 of high demand for Bitcoin and media hype. Bitcoin is like digital gold, so people buying it in hope that one day they will take profits from it. I think that we are gonna see next wave of rising Bitcoin price this summer. There is few reasons for high demand ranked according to the strongest impact on demand in my opinion:
1. high volatility
2. limited supply of Bitcoin
3. promising and disruptive technology
4. greed.

[DarkTaiga]

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 of people's hype, media hype, blabla,...(And it can caused by whale), so Bitcoin is similar to diamond. People who buy bitcoin are emotional (panic) when it fall. It make bitcoin pump and dump continuity. Whales have taken advantage of this, and they buy much bitcoin with cheap price. So the bitcoins are becoming scarce. The demand for bitcoin are increasing, so rising bitcoin price is matter of source. Another reason is that bitcoin is not as easy to mine as before, and the bitcoin which can be mined are reduced.

[TheAndy500]

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 btc is the king of all cryptocurrency lol,

Bitcoin is the most used platform of all,before you convert all coins to fiats,you need to go through bitcoin first,and with this limited stocks,this reasons why becomes the highest value coins of all time..

Bitcoin is the most used platform of all- that is true, and  thanks to that bitcoin has price that we know from nowadays. There is still increasing amount of people which invest in bitcoin and price thanks to that is going up and up.