Why is the price of bitcoin so high - page 52.

Chulahk

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Quote from: tresbien21 on June 07, 2018, 02:41:15 PM

Bitcoin is the father of crypto currency. Without bitcoin, crypto wouldn't exist.Therefore the price of bitcoin is high due to more people investing on bitcoin over altcoins Wink

Indeed. Bitcoin is the first ever virtual currency and the topmost leading coin ever since then. Maybe there are days that its value drops, but still it do its job and to get back more prices back. BTC is well-managed, well-established and well-organized coin so there is no doubt that it can faces any crisis. Consistently, still the Bitcoin is the number one leading coin in the cryptocurrency world and for sure for incoming months and years to come. Trust, help and support this coin and expect something good will happen and come.

DanWalker

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As for me, today the price of bitcoin is still very low. I'm sure that it should be much higher, because Bitcoin is already recognized by the whole world. This means that the crypto currency becomes part of the world and must be very expensive and in demand.

tresbien21

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Bitcoin is the father of crypto currency. Without bitcoin, crypto wouldn't exist.Therefore the price of bitcoin is high due to more people investing on bitcoin over altcoins Wink

Citataw

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I believe because bitcoin is widely distributed around the world and many people invest their capital only in bitcoin.

strelok25

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The price for bitcoin is high because bitcoin has a very high demand from investors in the cryptocurrency market, bitcoin has a limited amount of coins and all market participants want to buy bitcoin, also the complexity of bitcoin mining is high and large computing resources are required that affect price of bitcoin.

Rutdam

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Quote from: Halbert on June 06, 2018, 02:49:34 PM

Because this coin was the first which seized the market, and people began to be interested in the topic of crypto currency and invest, and it was possible to invest mostly only in bitcoin, so this price you can see now.

It has also the biggest user community.

Halbert

sr. member

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Because this coin was the first which seized the market, and people began to be interested in the topic of crypto currency and invest, and it was possible to invest mostly only in bitcoin, so this price you can see now.

auy

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Because it has become the most important trend in recent years, everyone is talking about bitcoin. Many people think that 1 bitcoin can cost a million dollars and buy it. Personally, it seems to me that it will not cost more than $ 100,000.

soname12

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Quote from: RokokGudangGaram on February 09, 2018, 08:13:33 PM

if I think why bitcoin the high price is because of the many who use and who invest as well, that's why the more that invest the bitcoin price will also have a big value too

Not necessarily. There are now a lot of people investing in bitcoins, and as you can see, the price of bitcoin is decreasing in the recently. The simple reason that bitcoins increase is that whales pump money

nezzard

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There are so many reasons that we do not even know about. But since the popularity of crypto currency is growing, our bitcoin will also strengthen its positions)

KseniaLard

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Like shares, I think that one of the main reasons is that there is a limited number of coins. This, combined with increased speculation and the introduction of BTC, leads to a sharp rise in prices.

xamil

member

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Well, bitcoin price is higher than the other altcoin because the demand and supply of it is more than other altcoin, and besides, bitcoin is the first altcoin and many people investing on it, even the price is higher they choose to buy bitcoin than other crypto currency.

zerocashdev

full member

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Because this is the first coin in which people really believed and began to invest money and now the btc is strengthened in the market and will not go anywhere!

amanarora_1

member

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Relly it's stupid one....hehe jokes apart! Bitcoin is a that coin with which a cryto world create and everyone taking interest in this world. It is the original one, so its superior. The main reason of Bitcoin price is high is- bitcoin is nominated worldwide and is acceptable at most places. Bitcoin is king of crypto world. Everyone is depend on bitcoin price because whenever Bitcoin price raises, other coins price also raises and when Bitcoin price goes down, other coins price also gone down!

nwanne

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The price of bitcoin is high because there is a huge demand for it. remember crypto market is about demand and supply, that is buy and sell, so when plenty people looking to sell and buyers are small then the price will go down but when enough people want to buy and few are willing to sell then the price goes up.

Adek nadia

jr. member

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the high bitcoin price of course because bitcoin is the parent of all coins, altcoin lags far behind the bitcoin, let alone in terms of price. and also because bitcoin has many enthusiasts than altcoin

dravidadi

newbie

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Bitcoin is a leader one step ahead then altcoin. Bitcoin could be used globally, for most of the people altcoins is new.

POM

sr. member

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Lately i don’t think it’s high, infact it’s low and many people waiting it to rise and grow again. On the other hand it’s sort of cliche but true, bitcoin is the king of the market. It’s obviously the most known and popular crypto all around the world and thats why people wants to buy and in this way they just join the crypto world.

childish

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Quote from: asriloni on November 18, 2017, 11:01:54 AM

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 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.
The second caused by the fixed supply of the bitcoin. There are more adoptions to the bitcoin itself to pump the bitcoin's price.

supporters of Bitcoin itself increased, so to date Bitcoin has a lot of supporters. the more supporters will get better and make the coins increase quickly. for many supporters also affect the development of a coin and make it an increasingly developed and make the price high.

Riga

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I think Bitcoin should be much more expensive. Today the price is very low and I am fully confident that soon the price will go up. The Crypto-currency becomes a part of the world economy.

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