Why is the price of bitcoin so high - page 53.

rhana_

newbie

Activity: 124

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

Investors are increasingly believing in cryptocurrency. The trigger is the legality of cryptocurrency by some major countries in the world. The development of cryptocurrency technology and the stability of some of the major cryptocurrency rates have contributed to this confidence. Rejection in some countries, including in China, has not succeeded in shedding investor confidence. so the price of Bitcoin continues to climb significantly.

Tigerw

member

Activity: 448

Merit: 12

Quote from: deklitt on June 05, 2018, 04:47:11 PM

yes over time bitcoin has grown and developed in various countries and because of features of bitcoin feature so as to attract investors to invest in it, and this certainly positively impacts the development of bitcoin in future as a promising business asset

If we compare Bitcoin with the level of 2016, when the summer price was 500 dollars, then by today's standards it is quite a lot. But if we look at the prices of 2017, then today we are in a rather bad condition.

nev1d

member

Activity: 112

Merit: 43

Because this is the very first crypto currency. Its popularity is due to the hype surrounding this crypto currency. Also age let it occupy top 1 of all crypto currency

deklitt

jr. member

Activity: 228

Merit: 1

yes over time bitcoin has grown and developed in various countries and because of features of bitcoin feature so as to attract investors to invest in it, and this certainly positively impacts the development of bitcoin in future as a promising business asset

Merdeop

jr. member

Activity: 152

Merit: 1

First, bitcoin is the most famous cryptocurrency. Many people have not heard of altcoins, but know what bitcoin is. Also to buy altcoins, you first need to buy bitcoin or eth. Demand dictates price.

Whichusell

newbie

Activity: 252

Merit: 0

The cost of bitcoin is in fact nothing provided, except for the huge demand and its prospects. If there are willing to buy, the rate will continue to grow. And now the number of investors is very large and is likely to grow. Bitcoin has become incredibly popular in the media and the masses in recent years. Many investors are looking for an opportunity to purchase it.

tobaccoleaf

newbie

Activity: 149

Merit: 0

The cost of bitcoin is formed by consumer demand. Simply put, the more people want to buy bitcoin, the more expensive it will cost.

masbimz

member

Activity: 151

Merit: 10

Probably because bitcoin is the parent of cryptocurrency, and in some countries it has been legalized. Although there are still many who still turn a blind eye about bitcoin, but i trust many people already convinced of the value of bitcoin, that's why the price becomes high

Geleve

full member

Activity: 588

Merit: 104

because of the demand. and because of mining costs. it is not cheap to mine bitcoin because of the electric costs and equipment costs. so it is quite normal that it has a bottom price around 6k if it reduce below 6k miners can stop .

Virtuxq

newbie

Activity: 224

Merit: 0

I think there are many factors. and the uniqueness and popularity around the world, and the trust of investors.

numbertech

full member

Activity: 427

Merit: 101

Because that’s the price at which people are willing to sell BTC. There are more people wanting to buy than willing to sell. It’s a market and that’s the market rate. As for the reasons there are more people wanting to buy, that’s impossible to say. Huh

makmursentosa

member

Activity: 98

Merit: 10

Because bitcoin is globally recognized throughout the world and that way many investors adopt it and invest their money instead of putting it in the bank.And the demand of bitcoin makes the price soo high and of course the low supply the big possibilities to make its value grow up.

karisiak123

full member

Activity: 244

Merit: 100

yes of course because bitcoin is a coin whose price is the highest of coin coins the other. and bitcoin is the first digital money. many people choose bitcoin for investment with multiple results.

Jimboqs

newbie

Activity: 181

Merit: 0

bitcoin is so expensive because it is in demand and it has a great demand.

Larochka

member

Activity: 196

Merit: 10

The Future of Security Tokens

Because he has a very limited emission, not one of the Altcoins coins has such a limitation. Therefore, its price is so high and all trades are made with a pair to Bitcoin.

ZellaAnders

member

Activity: 218

Merit: 10

There are many factors concerning price of Bitcoin. The biggest are the fact that it is the first coin, first crypto currency out there. Therefore, it is the longest existing coin. The hype surrounding Bitcoin is unreal. Not everyone knows what blockchain technology is but everyone knows the name Bitcoin.

shaman11

member

Activity: 252

Merit: 16

Bitcoin come more popular in nowadays so thats why price also grow. Its always depend on trend

PIR

member

Activity: 322

Merit: 10

CRYPTOBLADES Octoblades 10.10

Because bitcoin is the first cryptocurrency and bitcoin have proven in crypto world that bitcoin is the king of all altcoin,,that's why bitcoin price is so high.

elkafee79

newbie

Activity: 122

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

Price of bitcoin is so high because Bitcoin is so popular and the King of crypto. It is my opinion.

eMaxie

newbie

Activity: 70

Merit: 0

Investors buy BTC alot and it causes the growth of popularity of the coin and thus its price. The situation with alts is quite the same but alts depend on BTC and their price is mostly based upon the popularity of projects that release that tokens. If the project is good (EOS, Bitupper), then its token will rise and thus the price of BTC may rise too

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