Topic: Why is the price of bitcoin so high - page 10. (Read 15535 times)
It is always a good position to be in, especially when you have a lot of competition in a very competitive and tight market. It has gained much attention since it's onset, and that converted to a steady increase in price point. Especially now, its price kept on increasing which prompted people to shift their attention to it, gaining more traction in the market that lead to numerous trades and investments.
This is because a large number of merchants/whales use bitcoin for commercial speculation, and they profit from raising prices, which is why the price of bitcoin has always been expensive!
Yes . Bitcoin is the pre-eminent technology in the electronic money world. Many people choose bitcoin to invest with more results as well as increased bitcoin popularity. When there is more demand while stocks are not increasing, people will hold bitcoin, and only a few sell this thing. Make the bitcoin price too expensive.
Bitcoin is still the best of all the cryptocurrency and the demand is getting higher everyday. To me that is why the price is getting higher.
Bitcoin is representative of the whole crypto industry. So if you ask someone about bitcoin don't even understand the cryptocurrency they call bitcoin. Therefore, all invest in it. And the fact that basically all pairs are traded via BTC so even if you want to buy altcoins you first need to buy BTC.
This is indeed true. Cryptocurrency and bitcoin is like something that is bond together, in which if you hear the world crypto or cryptocurrency the first word that probably comes into your mind is bitcoin and vice versa. Amd also bitcoin is the first coin created andthe other is just the followers or the imitatiom of bitcoin. Bitcoin is the king of all coins.
As was expressed in the Law of interest, higher request prompts higher supply required. Bitcoin is presently popular in the market since a large number these days are into altcoins. obviously, not just millionaires,but additionally run of the mill sort of individuals who needs their cash to increase greater than previously. Since there are numerous individuals puts stock in bitcoin, its esteem is high.
You don't know the origin of the cryptocurrency. The emergence of Bitcoin has opened the world of cryptocurrencies. So Bitcoin is currently the most expensive coin.
The constant number of bitcoins, which are not controlled by a central authority, means bitcoin has good reliability. Cryptocurrencies will not be subject to inflation as a result of the new currency's release.
I think that bitcoin price begins with a very low price, it is not started its price by a cost of hundred dollars, perhaps it is passed through stages that made it as the very most valuable coins in the market. I remember when i heard bitcoin in 2009, its priced just only about $0.10 but now its a thousands of dollars.
The cost of bitcoin should theoretically always grow because of its limited number and it is continually mined!
At present, the price of BTC is down sharply. Because by the end of 2017, everyone is known to BTC. At that time, the market for bitcoin was very strong. But now people are feeling fear of risk so the market has fallen.
The simple and only true answer is because people have no idea where they put their money, they just think that is always going up up and they make money. ..
they take advantage of the opportunity with the price of this coin and they do not want this opportunity out of his lifeso that this development can be a major factor to determine the value and price of coins.
Of course because they are limited in the Marketplace. Although limited, many people want it, so the price is high. This is the reason why Bitcoin has the greatest value, it has the largest user base.
I suppose the BTC price was very high. This is the problem of many factors: the limited number of coins is the 21 million BTC, the world's most secure platform, the user's trust and the investor about it very high. Most BTC are accepting transactions and payments
Because this coin was the first which seized the market, and people began to be interested in the topic of crypto currency and invest, and it was possible to invest mostly only in bitcoin, so this price you can see now.
It is just because it gain a lot of trust from so many people. We all know for a fact that bitcoin is a currency in which it need people for the price to grow up. Right now about 5% of the population is now part of the crypto family.
Probably why bitcoin price is too high its because there are so many peoples want to buys bitcoin and hold it for long term and there are only a few peoples want to sell there bitcoins the reasons why bitcoin price is so expesive because no one wants to sell.
Its because people accepts bitcoin in many country wherein some people are not aware in altcoin or any other crytocurrency. The price of bitcoin is so high because this is the first cryptocurrency and it became popular to other country thats why many investor or trader choose bitcoin as their coin.
The price of Bitcoin is directly related to the demand it has. If people didn't think that Bitcoin was worth buying at these rates than it wouldn't be worth this much. There are more millionaires in this world than there are ever going to be Bitcoins, just think about that for a second.
Demand is what drives any commodity and when the demand of bitcoins increased then the price and value of the coin increased accordingly. When people want something, then there is more demand than the supply which makes the commodity scarce this the reason that the prices are down now is because there is more supply than demand.
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