Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on July 29, 2018, 06:19:37 PM

Title: Reason for the high price of Bitcoin
Post by: Domithra on July 29, 2018, 06:19:37 PM
The price of Bitcoin is on high because it is the first cryptocurrency which also became successful. It has gained the trust of a lot of investors and as such its demand is on the high. Being limited in supply with such a great demand makes the value and price higher.
Title: Re: Reason for the high price of Bitcoin
Post by: CrypMania on July 30, 2018, 12:22:01 AM
I totally agree with your point on this. Yet I also believe the whales manipulate the market for the price of bitcoin to increase. That is why it follows the pattern of rising and falling.
Title: Re: Reason for the high price of Bitcoin
Post by: sugarchrisp on July 30, 2018, 06:36:54 AM
Lots of really wealthy people have started investing in it because they realize the potential money they can make on cryptocurrency, especially when there's no regulation in the markets.  With enough money you can really manipulate prices and make a killing. 
Title: Re: Reason for the high price of Bitcoin
Post by: Dreamer02 on July 30, 2018, 09:02:31 AM
Investors is the main reasons why bitcoin price goes pumping, for the last few days their are lots of potential investors showing up their support on bitcoin and it keeps growing.
Title: Re: Reason for the high price of Bitcoin
Post by: Vidaia on July 30, 2018, 12:56:15 PM
looking at  it , one can say that bitcoin is best because of it the first and since its inception no other coin had been able to overthrow it. in recent times a lot of investor are much more interested  in it
Title: Re: Reason for the high price of Bitcoin
Post by: santawarrior on July 30, 2018, 05:15:03 PM
I think the increasing number of bitcoin investors is one of the reason why the price of bitcoin is going higher.
Title: Re: Reason for the high price of Bitcoin
Post by: Mlhits1405 on July 31, 2018, 12:44:47 PM
The reason why bitcoin is the highest value among all altcoins because it is the first crypto being stabilized and it has a small amount of supply thats why it is too expensive.
Title: Re: Reason for the high price of Bitcoin
Post by: Criptomen on July 31, 2018, 08:20:24 PM
To my mind bitcoin is a good saving tool and is fine for buy and hold. Most part of its value is due to the confidence of the market, as far as people trust in cryptocurrencies, as more it will cost the current value or more.
Title: Re: Reason for the high price of Bitcoin
Post by: Mbah Jenggot on August 01, 2018, 09:35:01 AM
Quote from: Domithra on July 29, 2018, 06:19:37 PM
The price of Bitcoin is on high because it is the first cryptocurrency which also became successful. It has gained the trust of a lot of investors and as such its demand is on the high. Being limited in supply with such a great demand makes the value and price higher.

Because Bitcoin is the firts of crypto currency, That is the reason for the high price of bitcoin. It is my opinion.