Topic: Why is the price of bitcoin so high - page 129. (Read 15536 times)
Because demand continue increasing from around the world and also because crypto become trend and popular now. But the supply of Bitcoin only 21 million, and in some country like Japan Bitcoin is regulated so will be more and more demand come.
prices are something relative. You're seeing right now BTC trading at about nine thousand and you think that it's a big deal, like expensive and should be less cheaper which if it was, you would buy it. But you forget that there are only 18 million BTC's out there. This is really not a lot and there are many people who want some BTC, so it's natural that the price is that high, but that doesn't mean by any way that BTC is expensive. People confuse the price of something with being expensive or not, without considering the price in relative terms. Ten thousand per one bitcoin is really cheap if you think about how many people will want to buy it in the future, and how many people will have bought it, it will eventually rise even more and when it reaches to hundred thousand people will probably still keep on buying this.
Being the first cryptocurrency, and as a result of the General acceptability...
Because its the first currency in crypto world and got this much popular. So its in high demand. And its the basic rule of market that as much as the demand is high and the supply is lesser, the value of that thing will definitely increase.
bitcoin prices are very high because of the limited number and many people who want to have it so bitcoin prices become expensive because it is so fought
Bitcoin are the real one because bitcoin are maestro of all the cryptocurrency.
And this Hardfork just made the bitcoin going to the PLUTO
so collect all coin and exchange it for bitcoin.
And this Hardfork just made the bitcoin going to the PLUTO
so collect all coin and exchange it for bitcoin.
Supply and demand, people is buying to hold so expect the price to keep increasing if this goes on.
now the btc price is so high!
i think this just becaue that more and more people find the btc value and want to hold some to get great profits!
i think this just becaue that more and more people find the btc value and want to hold some to get great profits!
There are so many Bitcoin today because many people are getting more involved in investing it, the price of crypto is based on the demand of coins, so the bitcoin demand is constantly rising as the reason why bitcoin is priced rising. But there are still some alternative coins that have the potential to increase their prices that can attract investors. But for me it is even better to start investing in bitcoin, because if you notice that bitcoin is very fast with the price increase as compared to last year.
now the btc price is so high!
i think this just becaue that more and more people find the btc value and want to hold some to get great profits!
i think this just becaue that more and more people find the btc value and want to hold some to get great profits!
In my opinion, Bitcoin's price got so high, because of its demand to users, the greater demand of bitcoins the lesser of its supply because of limited resources. Due to scarcity of resources, price would get high to accommodate the needs of bitcoiners.
The thing that greatly affects the rise of bitcoin by leaps and bounds is, people all over the world are hodl bitcoin. do not sell it too early because it sure bitcoin will continue to rise from year to year.
The high level of demand for bitcoin in the crypto market certainly has an impact on rise in bitcoin prices that are currently increasing significantly toward $ 10,000.public confidence is so very high on bitcoin to invest in it certainly brings a positive effect on progress of bitcoin that can't be denied if this year is the year for to rise of bitcoin.
Bitcoin is the most popular coin in the whole world compared to other altcoins,and also bitcoin has many investors that's why it keeps improving and got a higher price.
Too many people want it, and the people who have it are so egoist that they would give away their bitcoins for free.
Bitcoin is priced high now as traditional investors are turning to investing in crypto and especially bitcoin. This causes the bitcoin price to increase continuously. In addition, the amount of bitcoin is very small, so it increases the bitcoin's value.
many factor made it so high rigjt now. first of all its the pioneer coin that has been so long in the market. seconds bitcoin already survive so many years rather than all others coin. third the demand is so high and people believe on it. forth bitcoin seems never down instead it keep rising in this month significantly. fifth there is issue pf segwot that could make bitcoin market even stronger tjan ever before. so there os so many reason why bitcoin so high now and it would become bigger and bigger
There will only ever be 21 million for 7 billion people. The competition for those few coins will get intense.
The real answer that the price really has tried to go down, but since it didn't manage, it was forced to go up instead 
There is only so much Bitcoin that will ever exist, every day less and less bitcoins are being “mined”. Unarguably, bitcoin is very popular, which creates more demand for it. The supply however, is limited. That's were the basic principles of Supply and Demand comes in. You want a bitcoin, Everyone wants a bitcoin, but its limited. Which means that in order for you to get that bitcoin you need to pay more than me and the other person that wants a Bitcoin. There is more demand than available supply. Also, the legalization of other countries in using bitcoin might also affect its value. Also the prediction of experts also affects its current value. And I think it will continue to increase.
One main reason why Bitcoin price is so high is because of it is currently in demand and the supply is limited, so every time we are getting near in the maximum supply of Bitcoin, i assume price can go really more high in the future. Even satoshi can become priceless so always keep extra satoshi in to your wallet someday it might become very valuable.
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