Why is the price of bitcoin so high - page 43.

GeniusAko

full member

Activity: 434

Merit: 117

Quote from: therenin on November 18, 2017, 09:21:40 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

The reason why the price of the bitcoin quickly rise is because of the supply and the demand in the cryptocurrency market. There are now many people who interested to buy bitcoins because of its importance and functions in our society.

Alenas2018

newbie

Activity: 126

Merit: 0

Quote from: therenin on November 18, 2017, 09:21:40 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

I think that bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires.In many jurisdictions, Bitcoin has yet to become subject to regulations, leaving an investor with no recourse or protection from fraud or market manipulation,” said Unger.Is this a bubble? Many are disappointed in the moves, believing the rise is happening because of market manipulation. But we must remember that the real value of a cryptocurrency is not driven by price but instead is driven by utility.

asjdhjnz86

newbie

Activity: 84

Merit: 0

Because Bitcoin is globally recognized globally, many investors use Bitcoin to invest their money instead of putting money into the bank. The demand for Bitcoin makes the price too high. Of course, there is also a high possibility of low-cost supply to realize its value growth.

tommisetiyawan

newbie

Activity: 148

Merit: 0

Maybe my answer is very short, Bitcoin is the parent of all crypto currencies, if bitcoin down, then other altcoin prices will come down. And if the bitcoin is up, another auto altcoin will go up, bitcoin is the benchmark for the price of all altcoins. The factor of rising bitcoin prices, the number of enthusiasts or buyers or investors wanting to buy bitcoin, if the demand or leadership is large bitcoin will rise,

Rossalex

newbie

Activity: 60

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Because it is the king and everyone has to buy bitcoin to be able to purchase altcoins. Bitcoin is like the earth, and the altcoins are like the seeds.

Edu martin

newbie

Activity: 74

Merit: 0

Because of the extensive media publicity of bitcoin, many people have been aware of it. When prices started to rise, bitcoin attracted a lot of speculators. So it's driving demand for bitcoin

kalincoolcute

jr. member

Activity: 98

Merit: 1

Its matter of investment we can say Law of demand,more demand prices go up.Most of Business tycoon and showbiz personalities are aware about Bitcoin and invest in it with high amount that's reason Bitcoin demand is high and supply is short so prices fluctuates.

GoodHounter

newbie

Activity: 252

Merit: 0

I believe that by the end of 2017 there was an unhealthy excitement for bitcoin and everyone began to buy it. that's why his price is so high. and now bitcoin is not needed at such a high price, and we see this result - the market is falling.

Psychee

newbie

Activity: 28

Merit: 0

I do not even know why I can advise you on a new and good crypto project like Socratus

VeteranH

newbie

Activity: 106

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Bitcoin was the first cryptocurrency to appear on the market so a lot of time has passed since its release, it is also considered a model to create more currencies, which also increases it's value.

costgranda

full member

Activity: 476

Merit: 100

Quote from: therenin on November 18, 2017, 09:21:40 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

It with an ulterior motive. All cryptocurrency the expert otsiirutsya with BTC. Continually we hear a word - BTC. BTC is a standard in respect of cryptocurrencies. BTC in my opinion will always be a coin number one. It would be very desirable that he has begun the growth to former heights.

Cryptopal2

member

Activity: 364

Merit: 10

yeah you are correct , BTC is the main guy in the crypto world . I think the reason for high price of BTC is that the total supply is fixed approximately and there is a lot of coin holders who have a little amount of bitcoin

landysh007

full member

Activity: 210

Merit: 100

Quote from: ostsee77 on June 28, 2018, 03:36:55 PM

When the price of bitcoin hit 12k people were already shocked and a lot of people became interested then it hit 18k and now suddenly almost everyone wants to be in to bitcoin since the demand has gone so high the price will go higher too.
and today he is cheap again and the people ones buy little. very funny people

People are very mistaken. This is the best time for investors who want to make a lot of money in the future. At this stage, you can invest in almost any coin, all of which will rise in price after the market recovery begins. But investing in bitcoin will be the most reliable, because all other coins depend on the bitcoin price and repeat the ups and downs of the most popular coin.

Surge_Dev

member

Activity: 266

Merit: 10

When bitcoin appeared, no one was even sure of the viability of crypto currency. Few believed that this idea would be recognized, understood by millions of people and won their trust, not to mention the billions of dollars of capitalization. Although I had bitcoins, at first I doubted. These doubts have already been put in the price.

HerreraMJ

jr. member

Activity: 97

Merit: 1

It was the first coin to be called a cryptocurrency in the world, so it had a huge demand on the past leading to the eventual increase of it's price.

ostsee77

sr. member

Activity: 518

Merit: 258

When the price of bitcoin hit 12k people were already shocked and a lot of people became interested then it hit 18k and now suddenly almost everyone wants to be in to bitcoin since the demand has gone so high the price will go higher too.
and today he is cheap again and the people ones buy little. very funny people

Aleksandr_ov

member

Activity: 252

Merit: 44

for me as the price is now not up to priced, many large players buy over-the-counter bitcoin

lider1971

sr. member

Activity: 574

Merit: 250

Since the beginning of 2017, the capitalization of the cryptocurrency market has grown from about 17 to 300 billion dollars. But even with these incredible growth rates, the bitcoin market and the like are small. As a result, relatively small cash flows entering and leaving the market can have a very significant impact on prices.

Akeeto

newbie

Activity: 224

Merit: 0

Bitcoin was the first coin that made the breakthrough and raised itself in the crypto industry. Its blockchain has a limit and with each block mined a difficulty for the miners gets to a new level. Because of that Bitcoin price rises. Some even believe it will reach one million but that is an impossible outcome

rosycrypto12

newbie

Activity: 66

Merit: 0

Bitcoin is the king of cryptocurrency. Price value of all other currencies is calculated on the basis of Bitcoin. Bitcoin is the most stable currency that shows gradual increase over the last years. With the growing popularity of cryptocurrecies, more and more people prefer to invest their savings in Bitcoin for a long term.

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