Why is the price of bitcoin so high - page 93.

AllthewayUUppp

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Quote from: Fioraver on February 28, 2018, 08:16:19 AM

The more popularity Bitcoin gain, the more expensive will be. This is the main problem with the whole crypto world. We have to gain popularity. A lot of people did not believe in Bitcoin. Now some of this people are investing in Bitcoin and they think alts are not to be trusted. Popularity and the right information are the most important of all.

Yes that's why you need to do your own search always. Well imagined if the whole world totally adopts cryptocurrencies and the market cap goes trillions or more not only bitcoin will go so high ofcourse altcoins will follow too especially those who have strong fundamentals.

aces777

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Bitcoin is the oldest coin and has a first mover advantage, which is the reason why all the altcoins are still tied to it. The price of Bitcoin isn't really high,, you have to wait a few more years and then see what the real value of a Bitcoin is, as the current price will be peanuts in front of it.

lotfipro

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Because it's been around since 2009, and it's really thoughtful and new technology.It is so expensive because everyone wants to do it.The higher the demand the higher the price as they say in the economy

Cacingkemi

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Quote from: loof99 on March 01, 2018, 12:40:33 PM

The reason why bitcoin's price is high is because it was the first cryptocurrency that was been invented long years ago.
The more bitcoin becomes old, the high price it will be. Since bitcoin is oldest in the market, it has its highest price in the market.

Alright dude BTC is the old crypto so that the older it will be more mature, mthen that why the high BTC price is indeed altcoin that holds tightly with BTC and can be mentioned also more and more alt well BTC will also be higher the market price cause mutual connected to each other.

loof99

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The reason why bitcoin's price is high is because it was the first cryptocurrency that was been invented long years ago.
The more bitcoin becomes old, the high price it will be. Since bitcoin is oldest in the market, it has its highest price in the market.

hamster fat

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simply getting the job done

why is bitcoin price so much now? simply because the market so appreciates it. The market itself determines the value of any asset, of any commodity. As always there are buyers and sellers in the market and they determine the cost. And we should to remember that sometimes the market is not rational.

Artillery69

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Bitcoin is the first in crypto. because many market demands are too high so Bitcoin prices continue to soar. No one can outrun it in popularity or in price. All investors are interested in its growth and support its development.

mitchr4

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Join the world-leading crypto sportsbook NOW!

Bitcoin is the first cryptocurrency that to be hard to mine, low supply, and high popularity also have high volume on various market that make the value is so high.

Ethan Friedman

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Bitcoin could actually be considered extremely undervalued depending on your view of where bitcoin is heading. I think there are a few things that set bitcoin apart from the other currencies. 1) It was the first. This is a huge competitive advantage, not to say it will always be first but this is still a new industry so the leader at this point is always usually way out ahead. 2) Its by far the most secure coin sustaining attacks from governments and hackers on a daily basis. There is a 1billion bounty for anyone able to hack bitcoin. 3) Its a store of value unlike other cryptos maybe excluding eth but eth is only a good store of value as long as they are the primary platform for icos

Fioraver

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The more popularity Bitcoin gain, the more expensive will be. This is the main problem with the whole crypto world. We have to gain popularity. A lot of people did not believe in Bitcoin. Now some of this people are investing in Bitcoin and they think alts are not to be trusted. Popularity and the right information are the most important of all.

okissabam

sr. member

Activity: 700

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The reason why Bitcoins price is high is because of its demand to it being popular. And of course the forks that are happening play a big role in the uprising of Bitcoins price. Being the original and number 1 cryptocoin, well that's given but because of it and because of these new coins emerging every month more and more people are curious about Bitcoin and some even hold a couple of Bitcoins with them. One aspect of it being high is that its supply is only limited, and many people want to get a hold of Bitcoins themselves because they are expecting Bitcoin to reach a certain amount in $ in the next few years making it more in demand.

Klovezio

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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

Hi, the issue regarding Bitfinex’s banking woes is essentially on the backburner as prices have gone up significantly since then, but in my opinion, this is a very big driver of why the price of Bitcoin is exceedingly easy to manipulate.

cacucacok91

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Apparently all because it has a huge demand, and it is more speculative coin than a tool to pay for services or purchase goods

Psalms236

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Quote from: Stimah22 on February 20, 2018, 02:30:12 PM

Bitcoin was the first of what have become known as "cryptocurencies".
These are forms of digital money that use encryption to secure transactions and control the creation of new units.
bitcoin plan was to make a form of currency not controlled by governments or businesses, that you could trade globally with no cost and without having to reveal your identity.. Today will have so making alternative coin that can be used to substitute BTC, but bitcoin has maintain it's host and become superior to other coin, bitcoin lead while others follow.

The price of bitcoin is so high because of it's popularity and it was the first crypto that was introduced in the market. Considering that BTC is still the leading crypto currency in the market.

nickmax

newbie

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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

Bitcoin is the main financial tool. Mostly it is used by large investors.

In bitcoin they invest a lot of money for many reasons:
- it was the first;
- it has a huge popularity;
- a strong support team;
- it trades on almost all stock exchanges;
- support of most wallets;
- and much more...

Andika23

member

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maybe now bitcoin is being modern and widely also widely known all over the world hence bitcoin the price is so high but now the bitcoin price is going down so drastically but someday bitcoin prices go back as before

Gamerholic

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if you bought bitcoin at a price level of 1-5 thousand dollars - then you can consider this topic relevant)) If you bought for 10 thousand dollars - then we are happy that we got to the point without losses, and if you bought in December-January 2017 - then wait on and do not panic, because the price will come to a level of 30-40k. Just wait. Grin

s31joemhar

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I think the reason why the market value of bitcoin is too high because they perform great in the market and many investors are glad with it resulting to a higher demand that will helps them to increase the price of their services.

hiburak

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Bitcoin's price in comparison to altcoins is certainly not high. It is actually low if you check out the Bitcoin's dominance which is 38% now, and it used to be 85% a year ago.

Shuvrofpro

newbie

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Bitcoin price is high because bitcoin is the king of crypto currency and bitcoin is representative of the whole crypto world. There are many reasons to high bitcoin price. Bitcoin already accepted many countries and a lot of commercial sectors. Its very promising coin and well known in whole world. Many investors interest to invest in bitcoin. It is becoming popular day by day.

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