Why is the price of bitcoin so high - page 108.

LAODINGTOU

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Merit: 10

Quote from: therenin on November 18, 2017, 09:21:40 AM

Hello,

Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.

Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.

Cheers

Because of the recognition of many countries, and many countries have secretly purchased bitcoin, the price increase is normal.

leavolnhals

full member

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Because bitcoin is at the heart of the technology age, it is the start of 4.0 technology in the future. So companies are pushing for bitcoin investment, which has made bitcoin prices rise dramatically over the past 10 years.

Streets 2.0

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Activity: 490

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FRX: Ferocious Alpha

Yesterday I talked with my older brother - he has been investing for 10 years, crypto currency - 2 years. He expressed an interesting idea: no matter how the pricing of bitcoins was explained, it would never be objectively after it entered the "free market". Why? Because any "goods" on the market (stock exchange) begins to acquire speculative properties. And when the process is led by speculators, one should not hope for objectivity in the question of price. It's sad... Sad

HybCZ

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BTC forever

What are the predictions for this year's? Tips here Wink

Pokemon Go

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bitcoin prices can be expensive because bitcoin is the first coin, so most people are more confident investing in bitcoin, which is why bitcoin prices are so expensive.

mpufatzis

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It is actually the supply and demand law. It is also the most known cryptocurrency today.
In the last 7-8 years, the price from $0.15 has risen to $19,000 and many believe that soon it can worth $100,000.
I don't know if that is possible in the future, but if it could be, just imagine let's say 100 million people trying to buy one bitcoin...
It will be only 21 million of them and the 75% is already mined. It could worth much more than 100 grand

ceremonita

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Activity: 88

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Quote from: hyunee on December 31, 2017, 09:28:29 AM

That is one factor. Bitcoin is the first ever Altcoin exist and until now it reigns of all altcoin. It is above to all alt coins. I also think that it is also base on the market and the economy. It is also a factor. Many people also patronize and being engage in bitcoin so I think also it is a factor that I can think of. It is also a decentralized organization that people patronize. I suggest to read a lot of articles and don't just rely on the information of others as it may lead you to nowhere. You can also ask for advice to those higher ranks as they have a lots of experience in bitcoin as well as other altcoins.

Bitcoin is not an altcoin, first know this. The reason for bitcoin's supremacy in the market is not related to being ever first on the market. It's about the uniqueness and the mass adoption of the bitcoin. That's it.

sniveel

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The price of Bitcoin is so high simple because bitcoin is the top of cryptocurrency and its stays high cause of all these hard forks. Bitcoin has an highest demand and highest investor so that the price goes high. Bitcoin is low supply that why the price was so expensive cause of that.

ferrybitcoin.1996

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For Bounty Hunters, Don't Cheat or You DIE!!

Simple answer, Bitcoin is pioneer in Cryptocurrency and another reason because they're limited. So thats make the price so high

Streets 2.0

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FRX: Ferocious Alpha

The last thought in this topic today: I do not believe! I do not believe that the time for bitcoin has come to an end and now it is time for new crypto currency with undisclosed potential. The effect of the first-born will never pass. Everyone will call this theme "bitcoin-mania". This is the usual behavior of investors - what we saw before the New Year. Everyone is going on vacation and the holidays make them fix profits, take out cash and go to the mountains to ski and snowboard! As soon as all this is over and everyone returns to work - you'll see the price will go up again! And full of possible we are already in the middle of the year, somewhere in July we will see 20-30-40k for bitcoin. Now this is the reason to again seriously ask: "Why is the price so high?". Roll Eyes

Streets 2.0

full member

Activity: 490

Merit: 101

FRX: Ferocious Alpha

The question "why the price of bitcoin is so high" is already completely irrelevant against the background of how it was raised in November and December 2017. However, I vseravno decided to reflect a little over its levels this year. Yes, there are authoritative opinions that it has already "worked" its way and now it is time for it to come out with new and more "perfect" more "attractive" crypto-currency products and new protocols and properties. I do not believe! I think the novelty effect will not change from the attitude towards bitcoin - after all, he is the first-born!

Streets 2.0

full member

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FRX: Ferocious Alpha

Hello! Happy New Year and Merry Christmas! A little bit sober and that I see 13k for bitcoin - I was upset. I lost my bet with my friends. I gave them their prize. What they said to me: Excellent! Let's argue again!

I'm ready! Only next time I will be more cautious with predictions - they have a property not to come true))) If seriously it was fun, I liked it, I'm ready to repeat it! Anyone wishing to posle with me at the price level before July 1, 2018 - write a personal message!

themistocleess

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📱 CARTESI 📱 INFRASTRUCTURE FOR DAP

Because its return is very high and it is very useful.and its is very demandable.

hyunee

full member

Activity: 476

Merit: 100

That is one factor. Bitcoin is the first ever Altcoin exist and until now it reigns of all altcoin. It is above to all alt coins. I also think that it is also base on the market and the economy. It is also a factor. Many people also patronize and being engage in bitcoin so I think also it is a factor that I can think of. It is also a decentralized organization that people patronize. I suggest to read a lot of articles and don't just rely on the information of others as it may lead you to nowhere. You can also ask for advice to those higher ranks as they have a lots of experience in bitcoin as well as other altcoins.

MattCrypto43

newbie

Activity: 364

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Because bitcoin was the very first crypto currency and the number of investors are also high as compared to other crypto currencies.

Its secure , stable and best for short term profit also long term !

Vanshenz

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Because bitcoin is the first digital coin in the world so it is very valuable and expensive, because now many people are starting to hunt bitcoin, with many bitcoin hunters, bitcoin prices are rising.

Litzki1990

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Quote from: tawfiquecse on December 30, 2017, 04:13:26 PM

Bitcoin is the first and Digital crypto currency in the world. It is the father of all of crypto currency..Its very expensive coins then others and still increasing the prices. It has huge demand in market and huge investor. People investing huge money that's why its price has been so high.

If have many investors invest on bitcoin it was a chance of the bitcoins will going to rise the value, We know some altcoins were going to trade in bitcoin so that we change in to money and i think bitcoins it is a root of all the altcoins.

tawfiquecse

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Activity: 156

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Bitcoin is the first and Digital crypto currency in the world. It is the father of all of crypto currency..Its very expensive coins then others and still increasing the prices. It has huge demand in market and huge investor. People investing huge money that's why its price has been so high.

mariored89

newbie

Activity: 49

Merit: 0

According to me, i think that the price is high because of the tecnology and the number of avaible bitcoin (which is less than of total avaible btc) and of course due to the increasing demand of btc

corroze

sr. member

Activity: 602

Merit: 254

the current high bitcoin price is certainly due to increasing number of investors investing in bitcoin, resulting in high levels of demand in the market that cause the rise of bitcoin prices which has always been influenced by the high demand and supply that occurred in the market crypto

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