Why is the price of bitcoin so high - page 68.

akeda

member

Activity: 602

Merit: 10

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

Bitcoin can be as high as this because it has an ever-increasing development. so Bitcoin is able to stay at a high price and level. besides that, the growing level of Bitcoin enthusiasts increasingly supports the Bitcoin position.

clipman77

legendary

Activity: 1610

Merit: 1008

Other crypto currency is used as a test pad, all the best developments and solutions will eventually be added to Bitcoin. Bitcoin is digital gold in the world of blockchain and cryptography, the price has remained the biggest for many years.

Vaniaevergarden

newbie

Activity: 134

Merit: 0

nah it's just a beginning of bitcoin. I promise you that price will be rise for a several years for sure and it will be something about 30k of usd. More and more people become undestand what bitcoin is, and that's why almost every one wants to buy it.

upisdown

member

Activity: 322

Merit: 10

Bitcoin is the first and strongest crypto currency in the world. No one can outrun it in popularity or in price. All investors are interested in its growth and support its development!

Chanock

full member

Activity: 476

Merit: 102

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

Yes, bitcoin value is much higher that altcoin because it is the main currency in cryptos world. Another why bitcoin is popular and many investors are interested in it that affect the price rise of it is because of decentralizing features of it. The value of bitcoin is too expensive because many investors continue to invest money within including the supports of the bitcoin community. Also, the demand for bitcoin today is too high with limited supply because bitcoin holders are still keeping their possession for future purposes and they still waiting for the dream price of more than 20,000 USD.

Quesdana

member

Activity: 212

Merit: 10

Quote from: Winedmeel on April 27, 2018, 10:50:58 PM

i think its because of popularity and demand of it and it has a high value per btc and its getting more attention in many investors to get in there.

You are right, bitcoin now a days is very popular that almost everybody wanted to have a piece of it and in the process the supply became so scarce thus resulting in the increase of it's price.

IrReAr

sr. member

Activity: 742

Merit: 250

Bitcoin is the original one, so is it superior. There will be only 21 million of Bitcoins in the world ever, the demand to the shrinking supply is one of the major factor that helps with the growth of bitcoin.

efey39

newbie

Activity: 266

Merit: 0

crypto currency is the largest platform and the most recognized coin bitcoin. all the people will prefer to invest in the bitcoin more. this is relevant to interest.

gandhe83

member

Activity: 266

Merit: 10

The bitcoin price is too high in the cryptocurrency market because many people believe and use bitcoin. Bitcoin comes out early and is used as a new payment method. It is used as a tool for investors trading in the cryptocurrency market to seek profit

m9shn9sh

member

Activity: 182

Merit: 10

I think bitcoin is the existing coin king, so the price is higher. The bitcoin is limited so when the amount is exhausted then the price will be very high as the demand for bitcoin increases. But supplies a btc prices also affect altcoin prices, when bitcoin prices fall then altcoin prices will also fall..

idioma1

newbie

Activity: 266

Merit: 0

Bitcoin is the original one the mother of all cryptocurrency, and consequently it issuperior. I read a lot of topics on Bitcointalk like "What cryptocurrency will replace Bitcoin". If person asks such questions I can be sure that their do not have a clue what is crypto about.But bitcoin is considered to be a digital gold.

Spaffin

full member

Activity: 1316

Merit: 108

The price of bitcoin is now high, because it is based on an agiotage speculative demand for it. In fact, he really does not have and can not have such a high cost. Its characteristics do not differ so much from the characteristics of other crypto-currencies in order to have a value thousands of times greater. The higher the cost of bitcoin, the more it manifests itself as a financial bubble. Some altcoins are far superior to bitcoin in terms of functionality and cost thousands of times less than bitcoin. At the same time, bitcoin, which does not even fulfill its basic function of payment means, that is, the function of money, is valued so highly.

Lilmon

full member

Activity: 475

Merit: 100

The price of bitcoin is not high but the demand is high. Its the demand and supply that fixes the value of something and since the demand is higher than the supply, the prices are high. In few years it will be even more high so buy bitcoins before you regret it again after few years from now for not buying it.

kedolgov

newbie

Activity: 29

Merit: 0

Its not high tho. When it will cost 300 000, thats will be high!

ritiktakyan01

copper member

Activity: 266

Merit: 0

Bitcoin is the world's first digital currency. Bitcoin's Limited Cap supply is Fixed Investor is more. They are more adoptions to the bitcoin itself to pump the bitcoin's price.

Zelezinskyi

member

Activity: 252

Merit: 10

Bitcoin is priced high now as traditional investors are turning to investing in crypto and especially bitcoin. This causes the bitcoin price to increase continuously. In addition, the amount of bitcoin is very small, so it increases the bitcoin's value.

StevenPop

newbie

Activity: 196

Merit: 0

Quote from: samantha89 on April 27, 2018, 10:49:04 PM

Probably because bitcoin is the first coin in the digital currency. and other causes is because bitcoin is growing so popular and known to many people around the world, so many people are using it. and maybe that's why the bitcoin price is high.

This right here. A lot of people forget to give bitcoin its due credit for being the first cryptocurrency out there, which means it basically paved the way for all of the other cryptocurrencies in the market right now. Bitcoin being the first coin and that coupled with the fact that it grew increasingly popular over time and the demand increase is what made the price so high.

Winedmeel

jr. member

Activity: 110

Merit: 2

i think its because of popularity and demand of it and it has a high value per btc and its getting more attention in many investors to get in there.

samantha89

newbie

Activity: 57

Merit: 0

Probably because bitcoin is the first coin in the digital currency. and other causes is because bitcoin is growing so popular and known to many people around the world, so many people are using it. and maybe that's why the bitcoin price is high.

Feelgirls

full member

Activity: 364

Merit: 100

it depends on the trend and now is btc bull run meaning there are lots of investors on bitcoin and the higher the demand, the higher the price

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