Why is the price of bitcoin so high - page 87.

passwordnow

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Quote from: Tanzion27 on March 20, 2018, 10:33:17 PM

There's no doubt that the Bitcoin is the Mother of all the Coins out there.

Mother, father, king or any title will do. Grin

But only one thing, yeah there's no doubt that bitcoin is the foundation of all crypto's.

Quote from: Tanzion27 on March 20, 2018, 10:33:17 PM

And because of that it is also the pioneer in cryptocurrency the most trusted one and the best among the rest. Try to search in the Internet for more info.

It's the starter of the crypto market and as a pioneering it gathered a lot of investors and this is now the start of financial revolution that will breakthrough fiat system so it's the reason why it's price is so high considering the supply of it which is only 21 million.

Delgadobitpay

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Rigidly limited by 21 million coins, the volume of bitcoin emissions manifests itself by analogy with gold. That is, its price will grow during the crisis periods and fall in prosperous times.

idioma1

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Yes, it is mother of all altcoins that is why the price is so high

superloy

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Popularity attracts investors, and with the help of society and social medias, bitcoin is undeniably the most popular among all crypto currencies because when they study altcoins, they always encounter bitcoin. And due to popularity and demand, the supplies are limited which also caused the price to go up. Bitcoin will always be tacled even if they first encounter a certain altcoin.

Marucya

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Considering that the algorithm embedded in Bitcoin limits its emission, its high price will become fully justified.

gernoto

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Yes definitely because it was the first one and people are looking for bitcoin for the first time they know about cryptocurrency. Beside that so many transaction has been made by bitcoin, bitcoin already used by many peoples.

Karakyli

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The price of bitcoin is determined by the ratio of demand and supply; this ratio can largely depend on the prevailing moods and trends prevailing in the market.

bigblackdeck45

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Bitcoin have become a household name and has established its dominance over the crypto world for the longest time already. People have more trust over bitcoin because of its track record than any other new crypto that have recently pop out. That is why bitcoin price is higher than any other crypto. Plus there are more investors on bitcoin than any other crypto and that adds up the demand for bitcoin. More demand equals higher price.

Marry Finch

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Bitcoin is very different from gold or official currency, since it is not related to the interest rate. It is more like a payment network, where there is no commission for transactions. If no one uses the technology for payment, its value will be zero.

Falgorn

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The price of bitcoin is difficult to compute with the help of classical means of economic analysis. Moreover, bitcoin itself can cost zero dollars, and its real "weight" is determined solely by the degree of demand for the settlement system.

paramex

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Bitcoin overall crypto industry, Therefore, all investments in it. And the fact that you can go through BTC. , and with it being a new idea supported by people, they begin to mine and buy, and thus lead to High Question Questions. Do not get it anymore, and make the price go up, which makes the more famous bitcoin higher.

Sandeepmanwall

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It was the first digital currency which means that it had somehow established itself compared to other coins. Another is the number of investors that bitcoin has, due to its popularity and reputation.

Tanzion27

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There's no doubt that the Bitcoin is the Mother of all the Coins out there. And because of that it is also the pioneer in cryptocurrency the most trusted one and the best among the rest. Try to search in the Internet for more info.

hoseg

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At present, the development of information technology and the popularization of the Internet have facilitated the public's understanding of Bitcoin. Although Bitcoin and other virtual currencies have certain risks, users are advised to invest rationally; however, the rising price of Bitcoin will only attract more and more users to participate in Bitcoin; and the risks involved will even be And so on.
At the same time, different countries’ attitudes to Bitcoin are also a major factor in the rise in Bitcoin prices.

Mr.Coinzer

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high altcoin low costs are influenced by request and supply. The end result for bitcoin is the appeal and supply so bitcoin has dependably been the main most looked for after and alluring individual in relatively every nation chasing for bitcoin. The day bitcoin keeps on developing and all nations have bitcoins.

Creating N Action

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Bitcoin is the king of all cryptocurrency wherein many people really enjoy to buy and sell bitcoin. Bitcoin is the most popular crypto currency that was been nominated as the superior and most acceptable crypto in different places. Many people recognized that bitcoin is the safest for investment and it is more profitable than other coin. Most of the investors choose to invest bitcoin because of it's price. It is more valuable and as the demand increases, the more profit will come to us.

coinholic

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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

Here’s a link that may contribute a little clarity to your curiosity.
https://techcrunch.com/2017/12/08/why-is-bitcoins-price-so-high/

Yes Bitcoin is the first or the pioneer. But I don’t think that is the main reason why its price is so high. I agree with one of the members’ response that the main factor is that the supply is limited (@ 21 mil only). Compared to other coins, this supply is so small! Which is why so many are trying to get hold of Bitcoin which increases its value.

carrymentality

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Quote from: h0lybyte on November 18, 2017, 09:40:29 AM

Bitcoin is the original one, so is it superior. I beleive that altcoins are followers of bitcoin and should be put after bitcoin.
When a person newly gets involved to cryptocurrency, he must know the bitcoin first in order to understand crypto world.
The reason of price rise in bitcoin, is because bitcoin is nominated worldwide and is acceptable at most places, whereas people are mostly not aware of altcoins

That's right. Being the pioneer coin in the market and being the best symbol of what the cryptocurrency market goes and stands for. Many people recognize it as the safest investment they can venture into, especially the new ones, instead of trying their luck on coins or tokens that are new, and have basically not proven themselves in the market. And since cryptocurrencies get their value with usage, the more people use it in transactions, the higher in value it goes.

NorihiroName

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Because of various reasons, to be honest - most important one is info-boom, because of which the whole Earth knows about btc - so comes the price.

sureblinks

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its so high because its the mother of all coin and its technology is made it so..

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