Topic: Why is the price of bitcoin so high - page 12. (Read 15535 times)
I think because Bitcoin gives you the opportunity for more people to be rich.
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
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
Bitcoin is a fore bearer and a fore runner coin, hence the reason for being more expensive. ALtcoins would have still been struggling and may not have attained today's height if not for bitcoin that blazed the trail.
Crypto currency starts with Bitcoin. If Bitcoin price is less, so there will be no value of cryptocurrencies. Now , dollar has established its value internationally. So , to take the dominance over dollars , Bitcoin has to be very high.
Because bitcoin is globally recognized throughout the world and that way many investors adopt it and invest their money instead of putting it in the bank.And the demand of bitcoin makes the price soo high and of course the low supply the big possibilities to make its value grow up.
I should say that bitcoin is the first coin ever, they accept in all aspects interms of investments and some other transactions. Bitcoin has a power to engaged in some business in relation of cryptocurrencies.
It is genuine coin. You can say that it is parent coin and others is child coin that is why its price so high. Apart from this, services of bitcoin team is very easy and understandable. Everyone can follow easily.
Because bitcoin is the first cryptocurrency.I don't think he could fall or just disappear.
First of all, BTC is the base of the cryptocurrency market and other cruptocurrencies rae depend on BTC so its value is very high and price is high as well.
At the moment, the price of bitcoin has dropped significantly, and it seems to me that this is unfair. I believe that the crypto currency should become very expensive and popular.
Because back in 2010 it cost only a couple of dollars, and eight years later it grew to seven thousand dollars, it's all about time.
I think because it's the first and most known and accepted cryptocurrencies. The price is defined in the market by demand and supply.
The price was high then that there were good news, from it there was a great demand for a coin, and its offer is limited. Everyone wishes to buy a part and is ready to buy at inflated price. After too many coins were sold, the situation broke. There is no demand it any more, the price does not grow and are already afraid to buy. On a turn want to sell as already ceased to believe in growth.
for me the tall cost may reach bitcoin one of them is the fundamental coin of the advanced monetary forms that have the most noteworthy potential, also bitcoin is a set number of coins and it had spread everywhere throughout the world. and in addition the expansion of the bitcoin lovers who more from year to year make bitcoin is winding up progressively a bit on account of the predetermined number of accessible bitcoin.
Bitcoin is an elder in the cryptocurrency market. All other scripts are guided by it. Plus it has a very high capitalization and high demand.
Bitcoin is the leader of all crypto currencies and also it had limited edition
Simple rule for cryptocurrency prices. If supply is more and demand is less then price drop is occurred if the supply is less and demand is high then prices increases. Thats why bitcoin have such high prices. The suppy is too low ....
We can use bitcoin to shop online in many eCommerce sites around the world and many other companies are also accepting bitcoin as a currency we do not see other cryptocurrencies accepted like bitcoin this is the main reason bitcoin is high in price from other coins.
I think that crypto whales are preparing us another trap with the bitcoin course. They understand that last winter many came at a price when Bikoin was 20,000 dollars and during that time many were disappointed in the critical market and only want to return their money ... so the rate can be raised but not brought to $ 20,000 for Bitcoin, so that there would not be mass sale of coins.
Of course bitcoin is the first and original project that changed the world.His popularity is growing.
It's never too high when everyone thinks it's a hoard, it's just as gold is worth, and it's going up dramatically as the world economy is getting stronger stability. I think next year the economic situation will worsen as the economic wars keep the US and China
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