Topic: Why is the price of bitcoin so high - page 134. (Read 15536 times)
I think bitcoin is the main in cryptocurrencies because it is the Break through of cryptocurrency. When i first heard bitcoin it was only 500$ and now who would have thought it went up to 8000$.
Demand gives rise to the offer, every one who knows abut crypto now, wants to buy bitcoins, and with each day more and more people starts to learn about crypto.
i Found it more superior because investors loves the bitcoin and volume still increasing.
there is a lot of demand currently and that drives up the price. When demand is higher than the supply of something the price goes up, in BTC's case the price is going up because many new participants in the market want to buy BTC, they are hearing the news about BTC being integrated as a future in the CME group, and they are sure that this will drive institutional investors to invest in BTC, so everyone is buying now BTC in anticipation that the price will continue to go up. It has already performed very good within this year, going from around 800 to over 8k, which is kinda insane if you think of it. Everyone is making money at the moment which makes you kinda wonder whether we are in a bubble or whether this entire thing is sustainable.
There are too many reasons. For me fake tethers (Now they say that its stolen) bitcoin price is rising.
And also don't forget new buyers first time investors and while all these happening demand remains same.
And also don't forget new buyers first time investors and while all these happening demand remains same.
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.
The price of bitcoins increases every year as the word of bitcoins and blockchain community spreads easily world wide and more user's are entering the bitcoin community from all over the planet and due to the digitalization, globalization and easiness of use in this bitcoin technology has also attracted more investors in the crypto and bitcoin market. Bitcoin is the first crypto currency used worldwide in the crypto market so it is also called the king in the crypto market, this technology has changed the way of exchanging or doing e-commerce world wide.
Bitcoin is so high in price because the mainstream society are beginning to understand crypto currency and are accepting it . It is the only digital currency that can guarantee profit either for long term or short term investment for now.Many company are allowing payment in bitcoin only and big companies are now investing in crypto currencies.The price of digital currencies are not stable and it might drop any time.
The more users invest in Bitcoin the less the supply gets the higher the value of the coin gets.
Yes its supply and demand situation. It's also a chain reaction, if Bitcoin goes further up this should help altcoins rise too!
Yes its supply and demand situation. It's also a chain reaction, if Bitcoin goes further up this should help altcoins rise too!
Simply supply and demand situation happening! Limited Supply of Bitcoin is causing it its price to increase.
Bitcoin is the no1 cryptocurrency, it's been here since day 1 and all other Altcoins came after Bitcoin, hence their name "alt-coins".
The price is of Bitcoin is so high due to its limited supply. And the less that supply gets, the higher the price will be.
The price is of Bitcoin is so high due to its limited supply. And the less that supply gets, the higher the price will be.
There are many reasons for price of Bitcoin being this high.
First of all, it is the pioneer of this industry. Whenever you ask someone about cryptocurrencies, they ask "You mean Bitcoin?".
Secondly, all of the new comers to crypto world first buy Bitcoin, and since crypto is being hot right now and many people are joining, hence the sudden growth.
Thirdly, there is a limited supply that is even decreasing by time. It started with 21m supply, but because of all the lost wallets I believe the supply is reduced by at least 20-30%. When you take into account that no tokens will ever be created again, at one point demand at low price has exceeded the supply and this is why prices have to go up.
First of all, it is the pioneer of this industry. Whenever you ask someone about cryptocurrencies, they ask "You mean Bitcoin?".
Secondly, all of the new comers to crypto world first buy Bitcoin, and since crypto is being hot right now and many people are joining, hence the sudden growth.
Thirdly, there is a limited supply that is even decreasing by time. It started with 21m supply, but because of all the lost wallets I believe the supply is reduced by at least 20-30%. When you take into account that no tokens will ever be created again, at one point demand at low price has exceeded the supply and this is why prices have to go up.
besides of being the original one, BTC already proven its name and so many people continuously supports and invests to this coin, so no wonder why the price is so high and keeps on getting high. 
Because we,our technology is now entering the age of digital currencies. Bitcoin is the mother of all the other coins, the pioneer coin, that's why bitcoin will naturally have high price. In another point of view, people are continuously buying bitcoin so it has high price.
Because new people are buying in and the prices continue to increase!
Supply and Demand!
Supply and Demand!
The market cap of Bitcoin is the highest. That's one reason price of Bitcoin is so high. And it's is acceptable everywhere in the world and highly demanded because of bitcoin less risky, popularity, stability and long term growth capablilties. everybody who even having a little bit knowledge of cryptoworld knows Bitcoin. Bitcoin will be the leader. Bitcoin represent the cryptoworld...
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
The price of bitcoin is so high because it is the first most used digital cryptocurrency in the world... It is also the most indemand coin of all users of cryptocurrency. It has many investors and users that why its price is rising even more than you actually think and i think it will rise even more and more because of its finite demand and unstoppable users. 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
I think it caused by many people use bitcoins. Now many companies use bitcoin for their remote worker wages (such as freelance between countries). By using bitcoin, it will be easier and faster in transacting. Therefore the demand for bitcoin is increasing, so the bitcoin price keeps increasing.
Because many countries have accepted BTC, and South Korea and Japan are promoting BTC, the United States as well, more and more countries support, it will make BTC prices higher and higher. 
It is the simple principle of demand and supply and also the daily global acceptance of BTC as a major online currency.
And also most of bitcoin users are holding their bitcoins until the next year. I'm pretty sure the price of bitcoin will increase again too $8,500 in the end of the year. The demand of bitcoin is become higher too. More higher the bitcoin price is, more people attracted into bitcoin.
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