Why BTC is having a high price?

[Mr_Devin]

I think the bitcoin price is getting higher, putting Btc in a privileged position in the eyes of many people especially those who are interested in making a profit. Causes of high Btc prices, among others, due to the emergence of Bitcoin cash that motivates people to buy bitcoin. Improved technologies promised by bitcoin give system changes, so Bitcoin developers promise Bitcoin's increased scalability through Segregit's new method of Segregated Witnes (Segwit) to provide added space for more transactions.

[cemburu]

We never thought that Bitcoin would explode at such a high price.
I think the rise in Bitcoin prices is due to a large number of investors and transaction traffic using Bitcoin in various worlds.
Transactions that occur in large quantities will affect the volume which means also affect the increase in Bitcoin prices.
That is why Bitcoin is rising in value.

[Brangos99]

Bitcoin prices in various international and local bitcoin markets such as coinbase, bitstamp, kraken, bitcoin.co.id and others are driven by several factors. Such volatility in bitcoin markets that do not have an index is generally accepted, since cryptocurrency as an asset class is still in its nascent stage. However, bitcoin is capable of experiencing volatility in the form of a 10-fold price change against the US dollar currency with a short time change.

[Britanshio]

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

Yeah bitcoin was high price its because people really intested of it that's why it's started to rising ipa and the value of it will easily growing up.

[hahay]

Even I never thought the bitcoin price could be very high and even exceeded the gold price very far. But I think bitcoin has a high price because bitcoin has great support in many countries due to its highly transparent blockchain technology. So maybe with that many of the stakeholders who believe in blockchain technology that fully supports bitcoin as an asset for modern investment.

[malah]

I think, bitcoin prices are high because demand is very high while supply is very limited, if demand increases then bitcoin prices will increase as well and with technology that continues to grow then bitcoin will also continue to grow.

[evader11]

Bitcoin having a high price because the demand is very high while the supply is very little exceeded it if the demand will increase the value will increase too. Also because of those people who trust, believe and invest of it so if they are a lot of people will become investor it will continue to grow up to the moon.

[Carreuh]

There may be some very influential on this bitcoin price increase from the already depleted supply of bitcoin so that the price goes up and again the more days the more bitcoin enthusiasts he is all over the world, there may also be other factors so bitcoin has a very expensive price.

[pabpete]

There may be some very influential on this bitcoin price increase from the already depleted supply of bitcoin so that the price goes up and again the more days the more bitcoin enthusiasts he is all over the world, there may also be other factors so bitcoin has a very expensive price.

Bitcoin’s surging popularity, demand and growing awareness of the crypto market has all contributed to its unprecedented rise.The token is a store of value used to exchange for goods and services. Bitcoin is not regulated nor is it a legal tender,but it is popular and in high demand which drives prices.

[Yoshinoya]

Because demand is very high and many people has started to be aware of bitcoin and many countries have been interested in blockchain technology and
people like to invest more thats why bitcoin price is vey high.

[clarky]

Well a lot of proper things befell last year and I suppose its too late to be aware of the purpose why perhaps we ought to focal point greater on the current trend. Btc is a precise coin and deserve its fee proper now, but it appears like the market are nonetheless preparing for something large so I expect higher cost of bitcoin at the stop of 2018. Bitcoin has high price because the demand for it is very high. Normally for anything which has excessive demand has high price. Not solely the demand, the popularity, technological know-how and utilization drives this crypto rate higher and greater each day. As you stated Bitcoin fee is high however as of now the rate is low in contrast to the last 12 months high charge it achieved.

[futuret]

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

Bitcoin price is very good for investors and important near them. They used to buy at low price and sell at high price for profit and this is what an investor wants. Furthermore the price of Bitcoin increase with the increase in demand and that is what happening out there in the market. The daily market processes are going and running on their tracks so automatically the increase in Bitcoin price will happen and is better for investors.

[Xardasim]

The reason is demand of people. Because, as people began to hear about cryptocurrency, the demand increased and the price came up to these places. If there were no panic sales on past time, the price was overshadowed by 30k. I mean, until Bitcoin was created, there was no such currency in the world. The advantage is more than paper money, which is the cause of demand.

[Elviragreg]

Perhaps the factor is that many people want to have bitcoin but there are very few and many people hold bitcoin for long-term investments. Then bitcoin is still the benchmark for other coins.

[Barbatsutsa]

Because it's the most well known coin and most sustainable for this moment, these are the main reasons.

[bengsabeng]

because bitcoin has a limited amount of 21 million bitcoins for good. so many people want to have it, that's why bitcoin prices are so high.

[15putriutami]

Because many people are already starting to know bitcoin and that's one of the reasons why bitcoin is so high as we see people start investing in bitcoin. Bitcoin is like having its own interest for people who want to invest because it can really benefit the person.

[angaper]

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 have no doubt that the great bull run observed last year occurred because of a large speculative wave generated by the great rumors that bitcoin had the potential to be worth hundreds of thousands of dollars per unit, which led to many unsuspecting investors to buy in the middle of the vortex, motivated more by the FOMO than by a cautious analysis of the risks involved in an investment of that nature.

Because observing the behavior that the price of bitcoin had had the previous two years, I believe that the natural price of bitcoin at this time should be between $3,000 and $5,000, so I think there is still room for the downward correction to continue.

[liseff3]

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 high price because the demand for it is very high. Normally for anything which has high demand has high price. Not only the demand, the popularity, technology and usage drives this crypto price higher and higher every day.

You are right, and I will add a little bit.
Many of the growing speculation and positive perceptions arise among bitcoin users.
Gloomy global economy, so this causes investors to look for more profitable new assets.
The existence of players which have very large funds and they have participated in raising bitcoin prices.

[Bella Thorne]

The main reason is the investors who buy bitcoin are not only small ones but mostly big whales spend their money in bitcoin. Therefore, whenever a large investment is made by them, the coin rises unbelievably.

I am sure that bitcoin is having a big price because bitcoin is running for long time and a lot of investor all over the world is known bitcoin and they are spending a big amount  of money with bitcoin that's why until now the price of bitcoin has a chance to increase it's value for more than $20k.