Topic: Why is the price of bitcoin so high - page 140. (Read 15536 times)
Its due to mrket demand. Many people want to hold some butcoin because it has isen exponentially in recent months. They expect it to rise because other people would also wanvti hold some. This cycle makes the demand for bitcoin high. That's why its price has been so high.
Bitcoin have huge benefit of being first of its kind so community supporting bitcoin is really huge as well as the demand for bitcoin.
Other alts are just competing with each other and situation for alts is being worst everyday by introduction of scam coins and ICOs. People are losing trust in ICO and altcoin, everyday now wants to hold bitcoin that's why bitcoin price is pumping like never before.
Other alts are just competing with each other and situation for alts is being worst everyday by introduction of scam coins and ICOs. People are losing trust in ICO and altcoin, everyday now wants to hold bitcoin that's why bitcoin price is pumping like never before.
The total value of bitcoin is only high or low depending on what you compare it to.
Compare it to a number of corporations and it is not so huge after all. Compare it with other modes of payment and stores of value and it is a drop in a truck of buckets.
Compare it to a number of corporations and it is not so huge after all. Compare it with other modes of payment and stores of value and it is a drop in a truck of buckets.
One simple reson, because bitcoin has a limited supply, initialy bitcoin was created with 21 million btc available, and with it being a new idea people wanted to support so they started mining it and buying , and thus lead to a high demand a demand which was not fully fulfied as the diffuclty of mining started increasing, and this made the price goes up, which made bitcoin famous which lead to even higher demand, so in the ned you have a big circle of demand, that makes bitcoin what it is today.
What is the wallet for bitcoin. I am aware there is a wallet in coinbase for BTC and ethereum and lite coin.
Ether wallet is for Ethereum based tokens. Is there any specific wallet for bitcoin family?
Ether wallet is for Ethereum based tokens. Is there any specific wallet for bitcoin family?
This forum is literally clogged with this issue. Why is bitcoin so expensive? Here is one of the versions. Bitcoin is a legend with 9 years of experience and trust to this coin more than to everyone else. About the other advantages, only lazy people did not write here.
Basically right now almost nobody is buying bitcoin for its usage like it was meant to be, everyone is buying it now for a quick profit.
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
I will tell you about some reasons, the fact that the bitcoin was become the first crypto in the cryptocurrency's history. that means a lot of the demand gets centralized into the bitcoin. 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 second caused by the fixed supply of the bitcoin. There are more adoptions to the bitcoin itself to pump the bitcoin's price.
i can't explain why bitcoin price today is to high the price value even if have many trials for bitcoin now there are the issue about bitcoin replace the new cryptocurrency the bch. but bitcoin continue to increase the price value in the marketcap, i think this is the proof bitcoin is in the highest strongest coins and have more demands in the market thats why bitcoin keep increasing.
Bitcoin is representative of the whole crypto industry. So if you ask someone about bitcoin don't even understand the cryptocurrency they call bitcoin. Therefore, all invest in it. And the fact that basically all pairs are traded via BTC so even if you want to buy altcoins you first need to buy BTC.
perhaps the first Bitcoin coin in the world of crypto and altcoin is a bitcoin follower. bitcoin is nominated all over the world and is acceptable in most places, whereas most people are not aware of altcoin nor have value but are still under Bitcoin.
In that case id assume that when time goes by and cryptocoins become more and more mainstream and used by the public (assuming they wont get banned) BTC should be surpassed by other coins which solve issues btc doesnt. Also fees and transfer times seem a bit too much
Bitcoin is the original one, so is it superior. I beleive that altcoins are followers of bitcoin and should be put after bitcoin.
When a person newly gets involved to cryptocurrency, he must know the bitcoin first in order to understand crypto world.
The reason of price rise in bitcoin, is because bitcoin is nominated worldwide and is acceptable at most places, whereas people are mostly not aware of altcoins
When a person newly gets involved to cryptocurrency, he must know the bitcoin first in order to understand crypto world.
The reason of price rise in bitcoin, is because bitcoin is nominated worldwide and is acceptable at most places, whereas people are mostly not aware of altcoins
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
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