Why is the price of bitcoin so high - page 92.

JRoa

full member

Activity: 528

Merit: 100

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

The price of the bitcoin is depend on the supply and the demand in the cryptocurrency market. The reason why the value of the bitcoin is now high is because the people have now massive demand on bitcoins.

Butchick

full member

Activity: 392

Merit: 101

dApps Development Automation Platform

Apparently, one of the factors that greatly affect bitcoin's value is its demand followed by the number of investors. As the demand of bitcoin increases and with its limited supply, this somehow results to an increase in its value. Unfortunately though, bitcoin valie dropped just before the end of last year and everybody is patiently waiting for it to increase significantly.

lancer10

full member

Activity: 504

Merit: 100

I think that Bitcoin will not take a leading position for long, because it is no longer a guarantee of stability. Previously, everyone thought that he would never collapse, but would only grow in capitalization.

Bounty_Hunter

full member

Activity: 252

Merit: 100

The price of BTC and mostly all other coins is produced by supply and demand.
When the Btc price is high because many people want to buy bitcoin and sellers are up the price. This happens not only with bitcoin but also with any other goods.

Gamerholic

sr. member

Activity: 843

Merit: 255

8V Global | 8v.com

I see that in the market there has been another correction and the 10k level has been lowered - that means he could not restrain the market's turn. It turns out about the maxima, even if local ones can and do not dream in the near future. I would like to believe that bitcoin will drop again to levels of 5-7k. Then you can safely buy and then wait patiently for the end of the year. December and November as well as in the last year of 2017 will show us new historical highs, I do not doubt it!

green547

full member

Activity: 385

Merit: 101

1. the limited supply

2. the amount of computing power and electricity required to produce bitcoins is extremely high and is only going to get worse.

dimon01

member

Activity: 378

Merit: 17

Bitcoin is the first coin and people initially invested in it because there was simply no other coin. Now it is still popular because the exchange rate is relatively stable, although recently it can be argued.

lorapalmer

member

Activity: 364

Merit: 10

https://bvo.trybravo.com/

Bitcoin is so expensive because he is the original one. The rest of altcoins are just duplicate copies of bitcoin and not all the time reliable.

Balab01

member

Activity: 462

Merit: 12

В поиске

I never put Bitcoin in and I'm not going to. In fact, there are many good altoins that are able to overtake the BTC and soon so it will be.

CisColtz

full member

Activity: 210

Merit: 100

Right now we are about to go down so prepare to hold guys and buy even more if you have some cash to spare. I see this as a great opportunity to join and buy bitcoin or some alts or even invest into good ICO's.

BrBoy

full member

Activity: 453

Merit: 100

I think that on a large scale it is because for the fact that this is the first cryptocurrency, everyone knows about it literally, therefore Bitcoin is a popular

Robin,Hood

member

Activity: 462

Merit: 62

You ask the wrong question.
Right question is why is the price of bitcoin so low.
bit20 coin cost almost a million.

CokeCoin

member

Activity: 235

Merit: 10

Bitcoin is the first and still main crypto currency that has a big profit and influence on the other altcoin's price.

Sazakan

jr. member

Activity: 82

Merit: 6

I know it is an old saying by now for sure, but BC is just Internet gold ....why it has happened at this exact time is ofc a different question but now it is seen as a more or less viable alternative investment strategy. Some people got rich, many other would like to do so too - like with a classical gold rush. Wink

Ofc the big climb-up is over now - those who are able to get into the BC market itself should be pretty loaded to start with, imho.

Cryptock

hero member

Activity: 1792

Merit: 507

Cause it is first coin, the most people believe in bitcoin, it is on first place on whole crypto market and people are still buying, selling and doing peyments with it.

balamuda

member

Activity: 318

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 is a coin that is created first and is the original coin, and as for altcoin is an alternative coin that is created after the presence of bitcoin. The popularity of bitcoin is much higher than altcoin, therefore bitcoin has a high price compared to altcoin.

Considered

full member

Activity: 504

Merit: 100

Powered by Artificial Intelligence & Human Experts

The price is not high but what the market choses to value it. Also Bitcoin is above every crypto because of its first mover advantage and a large number of devs developing for it. If Bitcoin would have started now, it would have probably failed due to its high fees and slow transaction confirmations.

Sean25pogi

member

Activity: 364

Merit: 11

The reason behind why the market value of bitcoin is too high because of the high demand that they received in their services. Having a high demand pulls the price in the blockchain market higher.

mabell943

sr. member

Activity: 590

Merit: 258

Actually many people loves bitcoin because of its high intric market value but they do not know why this such thing has a expensive amount.
The reason is the law of supply and demand; demand are the response of the customers to the product; the higher the demand of the consumers the higher value will prevail.

Gamerholic

sr. member

Activity: 843

Merit: 255

8V Global | 8v.com

I think this summer will be a new hysteria over the price of crypto-currencies. As always, the masses will first run to the market when it grows, then hysterically run out of it when it shows the first signs of a reversal. We passed it. People involved in trade understand the benefits of such fluctuations, investors panic on the contrary and begin to act wrong. The key to success in such matters is patience and tranquility) Wink

Topic: Why is the price of bitcoin so high - page 92. (Read 15536 times)