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Topic: Why is the price of bitcoin so high - page 83. (Read 15535 times)

sr. member
Activity: 414
Merit: 250
March 25, 2018, 03:28:25 AM
The higher the better. Only those who are afraid that the crypto currency can take the place of all the money around the world can be afraid that the crypto currency has such good prospects Cheesy
newbie
Activity: 182
Merit: 0
March 25, 2018, 03:26:15 AM

bitcoin was the first. The pioneer and king of the market. Would not it be a bit odd to think that a coin that the world knows is easy to get for everyone?
newbie
Activity: 99
Merit: 0
March 25, 2018, 03:23:45 AM
Bitcoin was the first crypto ever made that is why the price is so high. Bitcoin have dominated and has established its superiority over other cryptos out there for many years that is why many people trust it and invest on bitcoin. The popular bitcoin become the higher the demand and you know the higher the demand, the higher the price.

Because of many investor and many coming begginer invest her. many coins we have but more people in countries who trust and believe in bitcoin co'z of their big profit. many believe so that's why bitcoin are very price high.now we invest more so do not stop price higher in bitcion.
member
Activity: 290
Merit: 10
March 24, 2018, 09:41:55 PM
Bitcoin was the first crypto ever made that is why the price is so high. Bitcoin have dominated and has established its superiority over other cryptos out there for many years that is why many people trust it and invest on bitcoin. The popular bitcoin become the higher the demand and you know the higher the demand, the higher the price.
full member
Activity: 714
Merit: 100
March 24, 2018, 09:37:19 PM
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 Smiley

Simply because Bitcoin is the most famous and the most popular crypto currency at this moment this is due to it was the first coin created which results to make the demand is always high. In addition, Bitcoin is also the main platform of every exchanges around the globe that is why no matter how much altcoins you will keep still it will traded to Bitcoin in the end for fiat conversion.
full member
Activity: 214
Merit: 100
March 24, 2018, 09:33:16 PM

There are lots of reasons for the price rise of bitcoin.
Some of the reasons I can tell you.
First thing you know that crypto currency has started with bitcoin.

And as you know, the price of the crypto currency depends on the demand and the supply.

And the supply of bitcoin is low and the demand is high and there is One more important reason is acceptance of the bidcoin.

As far as the ALT coins are coming from their trading bitcoin, due to which the rate of bitcoin will remain high.
member
Activity: 186
Merit: 10
March 24, 2018, 09:30:38 PM

because bitcoin is a real thing, you can give bitcoin or some portion of it and receive anything physical in return, from paying your check in a restaurant to buying real estate you can do with bitcoin.
but the same thing is not true for altcoins. they are always going to be virtual tokens which only get speculative demand.

because of this, the demand for bitcoin is mostly real and small part speculative. and that demand is rising.
also the supply of bitcoin (unlike most of the altcoins) is small and it also is limited (unlike many altcoins). less supply and rising demand means a huge price and a rising one.

there is currently around 16 million bitcoin available. go and compare this number with the number of coins available for other altcoins. you can use a website like coinmarketcap.com
member
Activity: 238
Merit: 10
March 24, 2018, 09:29:17 PM
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 Smiley
The price of bitcoin is the highest among all coins because he is the superior and well known of all cryptocurrency.
member
Activity: 406
Merit: 10
The Exchange for EOS Community
March 24, 2018, 09:21:02 PM
Decreasing by 25 percent week after week, bitcoin runs the risk of repeating its worst result since April 2013. Judging by the technical diagrams, to date, the sale has reached a high rate, prices have fallen to a ten-week low of $ 8,100, but the situation may change. that for today everything looks gloomy, the diagrams show that in the near future the situation may change Wink Wink
Do you think this is a form made by people who are keeping a lot of bitcoin in the world created? In order to get more profit, they have to generate waves in the market when they can buy and sell. This is a form of buying at low prices to sell at high prices to get a profit.
sr. member
Activity: 1582
Merit: 253
March 24, 2018, 08:52:23 PM
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 Smiley
for now it is that it happens but for the future no one can predict exactly about everything because there is currently no guidelines that could be the basis of analysis and prediction
member
Activity: 361
Merit: 10
BIB Exchange
March 24, 2018, 08:46:57 PM
I think because Bitcoin is the first to enter crypto and has been known in people before Altcoin existed.
copper member
Activity: 238
Merit: 1
March 24, 2018, 08:36:38 PM
Bitcoin is the first digital currency and the price value of all other currencies is calculated on the basis of Bitcoin.
As demand for BTC rises so does the price and how much people willing to pay for it
jr. member
Activity: 154
Merit: 6
March 24, 2018, 08:29:33 PM
Cryptocurrencies ruler is BTC and more ICO coins are depended by BTC, its good project and large suppliers due to this coin price is high 
newbie
Activity: 56
Merit: 0
March 24, 2018, 08:17:29 PM
Bitcoin was the most stable and reliable coin, so everyone bought it, but now much has changed and its capitalization is no longer growing at such a rate.
Do you think that BTC can lose its position??
newbie
Activity: 154
Merit: 0
March 24, 2018, 04:35:10 PM
People trust to bitcoin and ready to buy those overpriced coins because they think they will become rich in few days. They are just don't understand anything.
full member
Activity: 336
Merit: 101
March 24, 2018, 04:22:13 PM
Bitcoin was the most stable and reliable coin, so everyone bought it, but now much has changed and its capitalization is no longer growing at such a rate.
sr. member
Activity: 518
Merit: 325
March 24, 2018, 04:10:57 PM
It's all very simple - when the Bitcoin appeared, the investor simply had nowhere to invest except in it, because this is the first cryptocurrency.
sr. member
Activity: 672
Merit: 251
March 23, 2018, 01:18:43 PM
I am not a fan of bitcoin, it has high transaction fee comparing to Ethereum and much slower, BUT when someone hear about crypto, the first crypto he will probably buy is BTC, so that's the reason
hero member
Activity: 1666
Merit: 629
March 23, 2018, 01:07:48 PM
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 Smiley

Valuable, very valuable value, so the price has come up to these levels. Those who do not understand this issue will certainly not refrain from commenting on balloons or dot coms, but Bitcoin is a very strong currency, who wants to say. The use of crypto as the main currency in the money rush makes it a valuable asset. Just like the place where the USD has taken in our lives, crypto money has become so valuable in the stock market and on the market.
newbie
Activity: 56
Merit: 0
March 23, 2018, 01:02:27 PM
Come again? Is it high? Grin Ok, tbh the term "high" is a relative term. I wouldn't call it "high" until it is at least $50,000! Well, this is my point of view.
I agree with you. High is not the right word here. But if we compare BTC to other crypto coins....
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