Why is the price of bitcoin so high - page 112.

Haladay

sr. member

Activity: 476

Merit: 250

Quote from: Streets 2.0 on December 25, 2017, 08:45:14 AM

As for the fall itself and panic. I do not panic ever. The character is persistent. If you as an investor have a strategy - you should not be afraid of changing trends and policies - the strategy should provide for this. As for the price, we already discussed earlier that it began to depend on a large number of factors. Including news (non-technical) nature. Therefore, it is impossible to objectively analyze the price level in principle. You can only pretend that the forecast is based on some kind of subjective analytics. Huh

The demand is climbing up guys. That's the main idea behind the price rally of bitcoin this year. Next year it's likely to continue similarly.

Emperor of Man

hero member

Activity: 886

Merit: 510

I think BTC price will continue rising for a few years, based on increasing demand (media) and the limited number of coins. They can not just print bitcoins, same as they do with USD! Grin

Irkytsk38rus

member

Activity: 280

Merit: 10

Araw ICO

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 it became popular among the population, all news feeds filled out, people invest, the price grows ,for today there is a correction and already the price I think is close to that which should be

EtherATM

member

Activity: 224

Merit: 11

Quote from: Yieng7th on December 25, 2017, 09:45:15 AM

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 bitcoin start 2011 and most of altcoins after 2014.also big sites accept bitcoin only "localbitcoin, paxful,...."

it is easy to get altcoin when have bitcoin.

Bitcoin invented in 2008 not 2011. The price of bitcoin is higher than others altcoins not because it was released before altcoin, i think the price of bitcoin is high because bitcoin is more and more popular, many people knew to bitcoin and they expect to be own it so demand is too big but in fact bitcoin only have 21 millions, this make the price of bitcoin is increasing very fast.

Lewoll

member

Activity: 196

Merit: 14

I don't think sMerit harvesting is a serious crime

Quote from: jacksonmark30 on December 25, 2017, 08:46:43 AM

It's so high mainly because of thousands of users flocking to buy a piece so that they can ride Bitcoin until it reaches $100k, $200k, or even $1mil as so frequently hyped on media.

Indeed, nobody wants to get rich and rich people wanting more money than what they have so Bitcoin is one of the things that could offer you jaw dropping profits and especially when you're going to wait a little longer because we all know that Bitcoin and Altcoins will eventually rise. So people are eager to invest.

Lewoll

member

Activity: 196

Merit: 14

I don't think sMerit harvesting is a serious crime

Quote from: rosygreat1 on December 25, 2017, 10:25:04 AM

Is it now bad for price of bitcoin to keep going up? When it was around 3k few months ago,we were all predicting that it will go up and now that it's up you asking why.

There's nothing wrong on knowing what's and why's because the Crypto-Currency is unpredictable. We should only concern our investments, investing in Cryptocurrency is the most profitable option if you know the risks.

Lewoll

member

Activity: 196

Merit: 14

I don't think sMerit harvesting is a serious crime

Bitcoin supposedly very high and more expensive today, it might br doubled or tripled but due to thousands of new cryptocurrencies and ICOs today Bitcoin is just laying in the clouds and barely climb another atmosphere.
Bitcoin price is so high because people find it more profitable than any Altcoins.

rosygreat1

member

Activity: 95

Merit: 10

Is it now bad for price of bitcoin to keep going up? When it was around 3k few months ago,we were all predicting that it will go up and now that it's up you asking why.

Nickface

member

Activity: 73

Merit: 10

Yes, Bitcoin is the original one, so is it superior. But, I'm not sure, that the situation with it price will be the same for far future. Everything is changes. And I think, we will see the other crypto coin which become more popular... Not now, of course

Tashi

full member

Activity: 391

Merit: 100

Quote from: vjocha on December 24, 2017, 09:00:55 AM

Bitcoin has proven technological excellence and first mover. Blockchain Bitcoin has existed for a long time and accumulated a lot of trust in recent years because it is reliable and secure. What should not be underestimated when it comes to Bitcoin and the price is the big community that has been around Bitcoin for years, the more people believe in a currency and judge the higher the price.

Additionally, it still grows continuously. Bitcoin’s value is high due to market demand. Also, Bitcoin offers so many services that helps the people conveniently, that’s why it’s versatility makes it’s demand higher, causing it to pump higher and higher.

Yieng7th

newbie

Activity: 47

Merit: 0

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 bitcoin start 2011 and most of altcoins after 2014.also big sites accept bitcoin only "localbitcoin, paxful,...."

it is easy to get altcoin when have bitcoin.

myigitcoin

member

Activity: 233

Merit: 10

Bitcoin is basic one of all crypto world. It is the old one so it is too reliable. Everybody who dont know about it technology, trust bitcoin. I think its price not so high it will raise and reach 20.000 $ around after cristmast .

Rufsilf

sr. member

Activity: 1722

Merit: 309

The price of bitcoin is so high because of the hype that is going on the bitcoin and resulted for other people to get hype also and to get into bitcoin world because they are experiencing the FOMO fever which they are very afraid to be missed out for this opportunity so they are keep on jumping into bitcoin and hoping for the best for their made investments.

Streets 2.0

full member

Activity: 490

Merit: 101

FRX: Ferocious Alpha

About my bet with my friends. Apparently I'll lose))) It's not exactly, but playing for a week 6-7k bitcoin will be able only if a New Year's Miracle happens!

I believe in miracles. But not to the same extent))) I'll prepare my money and I'll wait for the results of the year. To all of you I wish to enjoy in the new year the interaction with bitcoin markets and other crypto-currencies. I wish to be healthy and happy! Price let it suit everyone - I wish to beat the growth! :)ther crypto-currencies. I wish to be healthy and happy! Price let it suit everyone - I wish to beat the growth!

jacksonmark30

newbie

Activity: 91

Merit: 0

It's so high mainly because of thousands of users flocking to buy a piece so that they can ride Bitcoin until it reaches $100k, $200k, or even $1mil as so frequently hyped on media.

Streets 2.0

full member

Activity: 490

Merit: 101

FRX: Ferocious Alpha

As for the fall itself and panic. I do not panic ever. The character is persistent. If you as an investor have a strategy - you should not be afraid of changing trends and policies - the strategy should provide for this. As for the price, we already discussed earlier that it began to depend on a large number of factors. Including news (non-technical) nature. Therefore, it is impossible to objectively analyze the price level in principle. You can only pretend that the forecast is based on some kind of subjective analytics. Huh

Streets 2.0

full member

Activity: 490

Merit: 101

FRX: Ferocious Alpha

Well friends ... The last few days I was busy saving my investments. At the same time, all sorts of trivia like buying gifts for loved ones for the new year. I managed to sell my bitcoins at the level of 17.2k. Was the price fair? Not for everyone, especially who waited 20k for the New Year like me. But I bought it for a long time, so I got mine. Now you can wait for the bottom of this fall to buy again. Personally, I do not see anything terrible in changing the trend. Grin

vjocha

newbie

Activity: 28

Merit: 0

Bitcoin has proven technological excellence and first mover. Blockchain Bitcoin has existed for a long time and accumulated a lot of trust in recent years because it is reliable and secure. What should not be underestimated when it comes to Bitcoin and the price is the big community that has been around Bitcoin for years, the more people believe in a currency and judge the higher the price.

developer101dev

full member

Activity: 364

Merit: 100

The value of bitcoins is depending on the supply and demand in the market. Right now, There are a lot of people who are investing and the hype is on because it is christmas so the supply is decreasing and more and more of demands is coming that's why bitcoins value keeps on increasing each day.

rasyiqul1505

newbie

Activity: 85

Merit: 0

bitcoin prices are very expensive because of the fewer amounts, but bitcoin is the most popular coin in crypto currency. bitcoin is much liked by investors in the world because the price continues to rise every year.

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