Topic: Why is bitcoin price so high? - page 7. (Read 1924 times)
It is because many group of enthusiasts bought and held bitcoin and will not sell it at any current price. More and more bitcoin fans are entering into this group and they are driving up demand increases.
As more and more people are investing in bitcoins and price depends heavily depends upon the demand.The price increase of bitcoins has attracted many people as everyone wants to earn profits from bitcoins so they has invested on bitcoins thus causing the pump.Well, bitcoins prices will be higher in future as there are limited amount of them.
As there is an increasing demand for bitcoin, the supply raised and people does sell bitcoin to gain few profits. finally bitcoin price become high. we have to understand bitcoin is the first crypto currency.
The price bitcoin is really too different from the other altcoys. This is explained by the fact that bitkoyn was the first crypto currency and a significant part of the population still know only bitkoyna from crypto currency. In addition, the media mainly talk about bitkoyne and its significant value. All this has led to the fact that it is currently used most bitkoyn popularity. In addition, given the significant cost of bitcoin, more people are getting involved in investing in it, generating a rush demand, which leads to a further increase in the rate of bitcoin.
Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?
Bitcoin prices are very high due to various reasons, because Bitcoin is attracting investors, even newcomers to borrow money to invest in Bitcoin. Also due to the limited number of BTC, the demand more than supply also makes the price of BTC is always high, even the BTC phase is low but it is rising again very quickly. A lot of people invest in BTC and have made huge profits from it
Law of supply and demand. Bitcoin has become more and more popular to people all over the world. The more people becoming interested and investing in bitcoin, the higher the price will become.
Are the gains real? For me as of the moment, yes they are. Is this a bubble? I don't know, possibly. Generally speaking, I see the world jumping from one thing to another. And that is one reality that we all observe. Bitcoin is indeed profitable at the moment. When is the time it will fall down or be replaced? We don't know.
Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?
Are the gains real? For me as of the moment, yes they are. Is this a bubble? I don't know, possibly. Generally speaking, I see the world jumping from one thing to another. And that is one reality that we all observe. Bitcoin is indeed profitable at the moment. When is the time it will fall down or be replaced? We don't know.
Probably because of acceptance and community support
Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?
many people are holding bitcoins, requests are too many until their value is not controlled and becomes very expensive. this is advantageous if you have bitcoin. there is no bubble because in crypto all can happen
For me, the reason why bitcoin price so high because this is the new cryptocurrency. The bitcoin price so high because of Its demand as well as the limited supply. Many people attracts on the higher price of bitcoin. Everyday the bitcoin price continuously increasing because of the demand. They join in the different campaign so that they can earn lots of money. They do what is being ask on the said campaign so that they can get the exact amount of their bitcoin. Many countries accepts bitcoins because they believe that it helps thier economy to grow. The bitcoin price get higher and higher because they want to help many people to become bitcoin millionaire so that they can really enjoy working on bitcoin and use it for their future.
Yes the demand and supply is who controls the price of bitcoin , but you need to know the reasons why the demend of bitcoin are high ? and why people buy bitcoin ? , because the bitcoin new money easy to use , fast , anonymous and with low fees. 
Bitcoin is the best crypto currency in the world and so people buy bitcoin and after some days they sell it. Nowadays people know that bitcoin price always increasing and someone hold and someone sell their bitcoin. Bitcoin has that power to make her own strong. Bitcoin is always better crypto and then bitcoin price going high.
yes, I agree with you. one of the causes of today's bitcoin as the best digital currency, is because every day the bitcoin volume and spreading continue to increase. even if already a lot of big investors are joining in bitcoin, i'm sure big things will happen
Limited number, hype, new people and new money of Bitcoins created a price. A lot of lost and forgotten BTC this also affects the price. It's not gold, it's better.
For me, the reason why bitcoin price so high because this is the new cryptocurrency. The bitcoin price so high because of Its demand as well as the limited supply. Many people attracts on the higher price of bitcoin. Everyday the bitcoin price continuously increasing because of the demand. They join in the different campaign so that they can earn lots of money. They do what is being ask on the said campaign so that they can get the exact amount of their bitcoin. Many countries accepts bitcoins because they believe that it helps thier economy to grow. The bitcoin price get higher and higher because they want to help many people to become bitcoin millionaire so that they can really enjoy working on bitcoin and use it for their future.
theoretically, the higher the demand and supply is limited, the higher the price. so logically, many want to buy bitcoin, while the amount of bitcoin is limited, so investors will buy whatever price is offered so the price is higher.
First we must understand what drives bitcoin price and, in particular, this boom. The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges.
The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first BTC futures products.
The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first BTC futures products.
There's more. The current situation in some countries drives people into alternative forms of money. Korea is on the verge of war with the North and they have giant BTC exchange that is driving the prices up. They have also started taking BTC payments in their biggest shopping mall, that's enough to let people know about this new form of electronic money. Then there's the situation in Zimbabwe...
You made a good point but I believe there is even more happening at the underground level which we have now news about it. How do I know it? Price graph tells me so.
Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?
Well this is a forum indeed, whatever our perspectives may be, it only matters if one of them could prove their statements are true.I for one, ensures you that this is not a bubble and it is definitely a gain. Last year, the same questions are asked, same answeres are stated, that this is a bubble and the gains are not real. But look at it now, the price from last year's pump was tripled. They've even predicted that, this is going to be the its last highest price - now it still continues to rise, are you still going doubt Bitcoin? Are you still going to call it a bubble?
If you really wanted more clarifications, compare the price charts every year, I doubt you wound't agree with me.
people themselves determine the value of bitcoin and bitcoin will grow much more than now, although we think that the price is already big for bitcoin, this is just the beginning, we will still see the power of bitcoin
Because much people are investing seeing the price that growth day by day and many companies are starting to accept bitcoin, so it are becoming more popular
Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?
Now i am thinking it is a real gains. Because of many reasons, but main thing is that bubble can't run in a long time, now we see last 2 months bitcoin continuously increase, so in my thinking it is a real gain, it is not look like a bubble.
Because it becomes more popular. And now it is starting to be involved into worldwide payment system
In addition hardfork is also very big effect in increasing the price of bitcoin now this year has happened hardfork more than 3x this makes the price at the pump to the moon. I'm sure next year the price will go crazy again 
Because it becomes more popular. And now it is starting to be involved into worldwide payment system
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