Why is the price of bitcoin so high - page 20.

kenman

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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: therenin on November 18, 2017, 08:21:40 AM

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

hello! bitcoin is kind of a good guy everybody likes and accepts. well, in most places. and it is the oldest. and it is trustworthy, not scam for sure Cheesy

Creedact

newbie

Activity: 70

Merit: 0

Its because people accepts bitcoin in many country wherein some people are not aware in altcoin or any other crytocurrency. The price of bitcoin is so high because this is the first cryptocurrency and it became popular to other country thats why many investor or trader choose bitcoin as their coin.

minsokiu88

newbie

Activity: 32

Merit: 0

It is high because it is more popular than other coins in ther Crypto market. And, it is accepted by more people in the world the most.

FLRagnar

newbie

Activity: 76

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Bitcoin price is so high Simply because it has won investor confidence and many persone buy bitcoin+ bitcoin is very easy to use so there is many oeople buy bitcoin for this reason

bovesgiraffe

newbie

Activity: 30

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i think because bitcoin was the pioneer in terms of kryptocurencies, so it' still superior to all the altcoins.

shyevana

jr. member

Activity: 70

Merit: 5

perhaps the First bitcoin coin in the world of crypto and altcoin is bitcoin follower. bitcoin is assigned worldwide and is acceptable in most places, whereas most people are not aware of the altcoin and have no value but are still in bitcoin.

Habib99

newbie

Activity: 98

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BTC are going to be higher and better as a result of it's limit in its free state for mining = twenty one 000 000. daily "free" BTC quantity become smaller, BTC become costlier on "supply and demand" rule.

tushin4

member

Activity: 191

Merit: 10

bitcoin is a world first cryptocurrency and, number one coin in the world . everyone know it bitcoin is a world wide for all bitcoin user's . So I think bitcoin is famous and bitcoin have popularity, in this cause bitcoin price so high.

PumaPuma_

member

Activity: 252

Merit: 14

Quote from: therenin on November 18, 2017, 08:21:40 AM

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

This is the father of all the tokens.
the price of bitcoin is so high, because it was and is the first crypto currency in the world. He is like digital gold. People believed in the technology of blocking and thus secured such a price bitcoin.

deadpool02

newbie

Activity: 88

Merit: 0

Bitcoin prices are high because bitcoin is the king of all the coins out there. It has been accepted worldwide and a maximum number of people are buying bitcoin because they are not aware of the other altcoin as they are not that popular compared to bitcoin. Everyone must have heard the name of bitcoin. Its popularity makes its price high.

annaorlova

newbie

Activity: 126

Merit: 0

Bitcoin costs as much as they are willing to pay for it because the price of any product is a competition between supply and demand. Of course, at the end of 2017, the price of bitcoin was unreasonably high, as evidenced by such a long correction, for more than six months.

UNOE

sr. member

Activity: 791

Merit: 273

This is personal

Quote from: masterzino on August 19, 2018, 10:57:25 AM

The price is always function of the supply and the demand. Bitcoin ha s limited supply and high demand from potential investors. The price is always growing when more people want to buy that the ones that are ready to sell.

Yup, that is true for all cryptocurrencies. I think it is better question, why is Bitcoin more preferable asset than other cryptocurrencies?
My answer to that is history of Bitcoin, and popularity of Bitcoin. Also, Bitcoin is most secure asset in cryptocurrency market. Also I think that Bitcoin will be always here, and most of alternate cryptocurrencies will extinct in long term.

masterzino

hero member

Activity: 1218

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The price is always function of the supply and the demand. Bitcoin ha s limited supply and high demand from potential investors. The price is always growing when more people want to buy that the ones that are ready to sell.

cctv0

member

Activity: 344

Merit: 10

If you understand that the value of all altcoins is derived from Bitcoin, then you will not think so. The price of Bitcoin reflects the value of the entire cryptocurrency market. If the price of Bitcoin is lower, then this year's market is not Boom, on the contrary, if the price of Bitcoin goes higher, the Bulls will come soon.

Kb4real

jr. member

Activity: 70

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https://eloncity.io/

it is cause by the demand of people, and the hype because its the first coins to be created, when people buy and buy more, the price will have to shoot up too.

Mercedes

full member

Activity: 356

Merit: 100

Bitcoins are now so valuable because of marketing hype, and many people are now aware of it, that they are attracted to buy because they know their investments will make a profit.

dolcefarniente

full member

Activity: 616

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All other altcoins are sold and bought using bitcoin. It is the main reserve crypto currency.

Grissham

newbie

Activity: 124

Merit: 0

Quote from: Red Fire on August 19, 2018, 10:35:02 AM

Quote from: therenin on November 18, 2017, 08:21:40 AM

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

Bitcoin is the pioneer. In that case, the price of it is higher than the any other coins. Also, the price movement is connected to the price of the Bitcoin. If the price of BTC is low, the price of every altcoin might become low also.

bitcoin is indeed a bit much give influence on the movement of the price of other coins. This is because the bitcoin made the benchmark for other coin and serve as the parent of cryptocurrency. for it is no wonder the bitcoin has prices that are always fantastic.

Red Fire

member

Activity: 189

Merit: 28

Quote from: therenin on November 18, 2017, 08:21:40 AM

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

Bitcoin is the pioneer. In that case, the price of it is higher than the any other coins. Also, the price movement is connected to the price of the Bitcoin. If the price of BTC is low, the price of every altcoin might become low also.

Sumejwe

newbie

Activity: 33

Merit: 0

We knoa that bitcoin was the main and the first and lead than to all cryptographic money and furthermore have a high incentive than others and the motivation behind why bitcoin was ceaselessly expanding a direct result of it is additionally ascending against other universal cash like euro and yen so that is one of the motivation behind why bitcoin expanding and have high esteem and obviously in light of the fact that likewise numerous financial specialist was here in bitcoin.

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