Topic: Why is the price of bitcoin so high - page 70. (Read 15562 times)

Bitcoin price is variable we cant expect to have one fixed price we should be prepared for up and down very often because it is decentralised in nature

Because it is proper crypto-currency with limited supply and only 18% remaining to buy

9 thousand for bitcoin is a lot or a little? High or low? I now think that people have psychologically left a mark at the level of 15-20k in consciousness. And so they are waiting for such a fair price in their opinion that they have already seen and can refer to it. Another psychology of human consciousness gives him the hope to see again the level he has already met - it no longer seems unreachable to the person, unreal. Means the price can and will leave above 20к - it is obligatory. Just need to wait a little. Remember - until you sold, you did not lose%)

Why the price of  bitcoin is so high, i think it is because of the demands of bitcoin. The demand is so high while the supply is so limited. That's the main reason why bitcoin price is so high compare to other altcoins. If people continue to demand bitcoin, then the result is bitcoin price will continue growing.

At the time, Nakamoto established two important rules. First, the total number of Bitcoin worlds is only 21 million. The total number is limited. This logic corresponds to the logic of gold, which means that the entire global gold reserves are limited. It's so much so it can be used as a currency.
Second, gold was digging this thing. It was very easy to dig gold at first. In the past, we said that a bunch of gold miners in the western United States could start scouring gold in the sand by the river. Afterwards, it was more difficult to bomb the mountains. It used machinery, hired more people, and had mines. Afterwards, if the mountains were to be frightened, gold could not be found. It was becoming increasingly difficult to find gold.

Bitcoin is also the same. In the beginning, a block placed 50 bitcoins, and a block was released every ten minutes. After four years, bitcoin's algorithm automatically puts the number of bitcoins in each block. Halve, reduce it to 25. Every time, Bitcoin in each block is halved, and like gold, it's getting harder and harder to dig.

So you understand that the logical setting of Bitcoin is exactly the same as that of gold.

So, you can think of bitcoin as digital gold.

Cash, gold, and digital gold all have a natural characteristic of being anonymous.

Bitcoin is bitcoin, maybe bitcoin will still be the first. Perhaps most new investors will first buy bitcoin before buying altcoin. But I think the limited supply that makes bitcoin prices can not be pursued by another coin.

Normal people buying and selling can't really affect the prices that much if you think about the price
today. In my opinion, the thing that really makes the difference are the big investors or the whales
in this industry that can put hundreds of thousands or millions which can massively affect the prices.
Small people like us can only ride on the pump and dump schemes of this whales and make the most
of these scenarios to earn more.

The price of bitcoin today is not as great as it seems to you, because today is just the beginning of the long road ahead, there are a lot of rumors today about what will happen to bitcoin, but it still grows and nothing happens to it.

it seems that bitcoin prices will go into the price of 10k usd,
I'm very confident, so do not sell bitcoin now

Everyday new peoples are coming and they are investing to crypto world, everybody buying btc so prices are going up, it is normal I think. And people sell their coins and price go down again, it is normal like increases.

Any price depends on the demand of the audience. This is the rule of any asset, and if Bitcoin had a small demand, then its price would be much lower!

increased demand gave birth to such a price for bitcoin, and of course advertising and when everyone saw the first jump in price, of course they wanted to earn. support from investors and people who are interested in this growth

I think due to increased media coverage a lot of people who didn't previously know about BTC are looking to invest into it now, which in turn creates high demand

bitcoin is the first coin to appear in the crypto world compared to other coins. The bitcoin itself can be called the king of all coins, so it's only natural that the price of bitcoin coins is so expensive. the popularity of bitcoin is worldwide and many countries use bitcoin. maybe that's my opinion about the high bitcoin price compared to other altcoin. if wrong please correct again.

The majority of the general population contribute the bitcoin and hold the bitcoin for the future contribute enhance for the future development. You will take in more data for future sparing. Individuals now about the bitcoin you will learn it. Bitcoin is future cash so it will use for the future exchange process. Bitcoin will be interfaces the general population and offer some procedure data.

So for you it isn't true? Of course they won't be rich in few days buy in some months or years? You think that it is impossible? People are making money that way for some good years since bitcoin has started.

Now is not the high cost of Bitcoin, compared to the expected more than $ 20,000 by some "experts".

Yes, Bitcoin is the original one, so is it superior. But, I'm not sure, that the situation with it price will be the same for far future. Everything is changes. And I think, we will see the other crypto coin which become more popular... but not now.

Bitcoin is so high because it has experience in the market.. And many countries buy them... All altcoins follow bitcoin.

it seems that bitcoin prices will go into the price of 10k usd,
I'm very confident, so do not sell bitcoin now