Why BTC is having a high price?

[nur rochid]

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.

right, bitcoin is center of another cryptocurrency, to get to a coin or altcoin we have to pass bitcoin first, so do not be surprised if many people invest primarily in bitcoin, and i think that's what makes btc price increase

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[KnightElite]

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 value of the bitcoin is base on the price of the demand and supply in the cryptocurrency market. The bitcoin has limit supply of 21 millions and it is the reason why the bitcoin is becoming more valuable as time passing by.

[ruski]

Bitcoin is the oldest and the most successful crypto currency, its trading volume is great too, and it have many attractive features, thats why its price is always the highest among digital currencies. Bitcoin's potential is also high and promising, and its price is expected to reach higher levels soon.

[Chachacoin17]

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 value of the bitcoin is base on the price of the demand and supply in the cryptocurrency market. The bitcoin has limit supply of 21 millions and it is the reason why the bitcoin is becoming more valuable as time passing by.

I totally agree! As the leading crypto all over the world, it draws so much popularity and curiosity among others. With each passing day, more people are getting willing to learn more it nature, advantages and disadvantage and drives them to join this fast evolving world of digital currency. Just like any other forms of businesses, trading, investment, or even in cryptocurrency, the law of supply and demand are always present and that is why it has an effect in the rise and fall of price. Bitcoin has a fixed supply, and the volume of demand is increasing that's why it results to a higher price and can't be deflated compared to other cryptocurrencies. Our support to BTC has a great impact in inviting more audience and serious people to be part of its family and make it prosper.

[Hirameki]

Its because of the people who use it. Us using it makes bitcoin make its price go higher, people who buys bitcoins add up to the price of bitcoin. Applying law of supply and demand. Prices goes up when demand increases. thats just the way how it goes.

[Teh-pucuk]

because btc it is the king of bitcoin that the amount of coin a little but the demand for the more and more interested peminatnya

[ChConcept]

What I can see here as the reason why Bitcoin's price is increased and continuously increasing is because of the law of supply and demand. Over the years, investors, traders, even the normal Bitcoin users are starting to see the great potential of Bitcoin,  people believe in it and more and more countries and big corporations are using it and its technology so the demands gets bigger and higher each year, hence the price goes up too.

[anussayme]

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 been known for its high growth for so many years. There are many who believe Bitcoin is profitable for investors, so many people have invested in Bitcoin more so Bitcoin has more a lot and abundant. In future, this currency will definitely have many participants.

[CryptoMauren]

There are 3 factors that cause bitcoin has a high price
1. Japan's Adoption
    The Japanese government has adopted a policy of using crypto in its country. So in Japan, we can already make
    transactions using BTC in various merchants.
2.The Filppening
   Alternative coins (commonly called altcoins) have existed long enough along with the presence of Bitcoin. As of this
   second, there are already many altcoins emerging and have strong enough value in the market, such as Ripple, XRB,
   POT, etc.
3.Wanna Cry Ransomware
   Known as ransomware attacks are quite aggressive before ahirnya can overin same one of the IT experts (who now now
   arrested FBI with allegations of data theft)

[Findingnemo]

because btc it is the king of bitcoin that the amount of coin a little but the demand for the more and more interested peminatnya

The main reason for the price is the users and investors are increasing every day so it the reason for that but in sometimes the value is not stable because of increasing sellers.

[nara1892]

1. Because there are many peoples who invest in bitcoins, including the big investors
2. Because it's deliberate pumped
3. Some countries have a crisis financial and its citizens move to bitcoin
4. Hardfork, in order to get free bitcoin cash and bitcoin gold, they are willing to buy bitcoin.

[ArteMixer]

The main reason is the rule of economy: the demand = the supply. If the supply is lower then the demand, then this inequality is balanced by rising the price of the supply, therefore making it available to less people and lowering the demand.

[Rakesh_alejandro]

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.

I think with innovation and cutting-edge dominance, Bitcoin is not separate but more developed.
That is the reason why Bitcoin is so solid today. An increasing number of individuals coming to Bitcoin. So later the cost of Bitcoin continues to increase.
I believe that the cost of Bitcoin increases as their testers have deliberately swelled the cost of Bitcoin.

[Marrionbitcoin]

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 Bitcoin is still higher as compared last year because the volume and demands are still higher and investors still holding or not pulling out their invested money in Bitcoin so the price is still high. Once all traders have pullout their investments then that's the time Bitcoin will lower the price.

[JRoa]

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 the people to bitcoin is getting higher and it is the reason whu the price of the bitcoin is becoming more expensive. The bitcoin  is becoming more popular all over the world because of its benefits and importance in our economy.

[putriangel]

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

Perhaps because of the increasing demand for bitcoin and also to its increasing popularity. And also the big investors are now investing in bitcoin. Maybe that's why the bitcoin price is so high.

[LynielZbl]

Well i think, it just because bitcoin increasingly in demand of many people, and all its advantages more visible among many people. And not only that, of course, many people who're just tried till feel more interested and finally feel comfortable with it. Well the point is that bitcoin develops well from time to time until its popularity is increasing among many people and as we can see it keeps on rising as every months that passed by.

[webdevmastery]

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 prices of every cryptocurrency in the market is always depending on the supply and demand and if you are a trader then you really need to check every chart in the market in order to get a huge amount of profit because they have different prices.

[Dark Sky]

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 prices of every cryptocurrency in the market is always depending on the supply and demand and if you are a trader then you really need to check every chart in the market in order to get a huge amount of profit because they have different prices.

But I think bitcoin is a digital currency and its specially work for those who know about online works, so it depend on its popularity and that's why people will attract to bitcoin and they trust in bitcoin because they know if they invest for future so they will get huge profit and that's why bitcoin price will more high so it will more helpful for those people who actually need this because every person have no job and no manageable salary so bitcoin is much better for them,

[tylerderden]

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 the people to bitcoin is getting higher and it is the reason whu the price of the bitcoin is becoming more expensive. The bitcoin  is becoming more popular all over the world because of its benefits and importance in our economy.

Maybe it's The bitcoin is also popular amongst criminals and hackers also as it is pseudo anonymous and your identity can't be known if you use bitcoins, so that's a plus point for them to use bitcoin instead of cash or PayPal or any other means. Also many people buy bitcoins to save themselves from taxes and evade law as bitcoin owner's identity can't be known so it is pretty easy for someone to hide their money in this cryptocurrency and also money laundering have also been made pretty easy and that too within a few minutes to few hours anywhere around the globe money can be transmitted. So these factors create a huge demand and the price of bitcoin rises due to this reason.