The price of bitcoin is getting higher and higher for the following reasons: First, bitcoin is understood by more and more people that more and more people choose to buy bitcoin as a financial product: the second point , Many large funds and financial institutions have also chosen to invest in bitcoin as an investment product. Thirdly, the development of blockchain technology is increasingly recognized and promising.
Topic: Why is the price of bitcoin so high - page 133. (Read 15536 times)
supply and demand. 21 million (minus 1 million for Satoshi, minus 2 million lost coins) looking at 18 million coins.
They become harder to mine and cost more to mine therefore will become more expensive.
BTC is a store of value.
They become harder to mine and cost more to mine therefore will become more expensive.
BTC is a store of value.
because of the large number of people selling bitcoins.
then the bitcoin price will also increase. it will also have an impact on the difficulty of finding bitcoins.
the higher the price then the more it will sell. the more it sells it will be hard to find the bitcoin.
then the bitcoin price will also increase. it will also have an impact on the difficulty of finding bitcoins.
the higher the price then the more it will sell. the more it sells it will be hard to find the bitcoin.
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 the most popular among all the cryptocurrencies and most likely if someone doesn't know about cryptocurrency at all, the first one he would hear about is bitcoin. Many people knew about bitcoin but not about cryptocurrencies in general. Many thought that bitcoin is just the only digital currency if they will not further research about it and when they knew about the other thousand coins existing, they would be surprise. Bitcoin so far is use as a payment option by some merchants so it has usage in real world but for others, they are for speculation purposes only because their projects are not yet finished, its under development and some are just abandoned by the developers but already listed in exchanges.
It is the father of cryptocurrencies I must say because it is the first one and given its price history, many are amazed at how it increased in the past few years and the price surge lately because of the attraction it gets especially from those who have deep pockets thus a high price.
yes, bitcoin is more than a coin name, all the world knows that bitcoin is currently the parent of altcoin, so I say that the next few years bitcoin will get higher in value because more and more bitcoin demand and supplies are getting scarce.
in that case bitcoin price so high because all of the people had focus on bitcoin for now. because we all known that the we have upcoming bitcoin fork everyone noticed that if you invest now in bitcoin you gained instant profit after that fork. so thats why bitcoin price for now is so high.
The price increases because more and more people are involved in cryptocurrency. It might be possible that bitcoin can hit 10k at the end of the year around christmnas.
As the numbers of people increase, automatically will affect bitcoin price. Bitcoin now is popular and the people are started using it instead of fiat money. And it is simply because we have just want to change, replacing old by a new one is very exciting and full of surprises. And I believe that, bitcoin will continue soaring and it would be more useful in the future.
Bitcoin's popularity is increasing,lot of people, large merchants and investors have faith in bitcoin which lead it to a high demand than that of its supply,for we all know that bitcoin's supply is finite or limited.This is one of the reasons why its price is so high nowadays.
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 limited supply, I just realized that limited supply at a higher price but if the supply is unlimited, the price will go lower. Limited supply with a higher demand is equal to the higher value or higher price in the cryptomarket. So, keeping your bitcoin in your wallet will keep the price higher and higher after a year. Bitcoin has dominating demands unlike other altcoins doesn't have. 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
Demand is the main reason why the price of bitcoin is so high. It's like you are looking for a bottled water in the desert and by seeing someone he's offering you it for $1,000. And bitcoin is also supported by majority of the altcoins, before you can buy those altcoin of your choice you need to have bitcoin first for buying it but there are also another choice which is ETH.
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
It's not that complicated, all around the world, people are buying itcoin because they think it's a great opportunity for an efficient investment.
They keep demanding it, hence the price of bitcoin is booming as a result.
The price increases because more and more people are involved in cryptocurrency. It might be possible that bitcoin can hit 10k at the end of the year around christmnas.
probably because bitcoin is the first coin in the world of crypto, so many people are more confident to use bitcoin than in other coins, that's what makes bitcoin prices can be very high compared to other coins.
The price of bitcoin will increase with the growth of people involved in bitcoin. According to specialists, bitkoin even now has not reached that price, according to its prospects and people interested in it.
In your opinion, is this the only reason that contributes to the growth of bitcoin?But really bitcoin has not reached its limit, and there are all prerequisites for further growth.
The price of bitcoin will increase with the growth of people involved in bitcoin. According to specialists, bitkoin even now has not reached that price, according to its prospects and people interested in it.
Still very important is the fact that many coins were irretrievably lost at an early stage. When people did not understand what it was, they prine neglected their coins. The ethereum has followed this path paying attention to all the mistakes in the development and launching of the coin into the masses of people.
I got a korean insider,he said chinese/koreans will pump the BTC to 10k so that it will clogged and then they will move to the BCH to claim the throne.If BTC reaches 10k and clogged the price will drop so the chinese/koreans will annouce the real bitcoin which is BCH.
Is this information reliable? Bitcoin will certainly grow to $ 10,000, but I'm not sure that after reaching such a mark, it will cease to grow so fast. It is influenced by many countries, not just China and Korea.
There are a lot of reasons why bitcoin is so high! Not only is it the oldest cryptocurrency, but it has been shown to be the most trustworthy because of the fact that it is so old and that no one team controls the coin. Any new coins you see today have all of this superficial technology to try and promote them.. Bitcoin is cryptocurrency in its purest form, and set the standard for everything to come. People have gotten used to it and so they trust it more. Plus it is the sole currency for basically all of the darknet markets and such so it makes sense that with millions of dollars being spent each year that the value would be high.
Because as the Germans say, there are Mercedes and BMW, and there are other cars. I think there are a lot of information on the forum, but this is the main message.
do you think it will dip soon?
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