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AGSaldivar

Why bitcoin is so expensive than the other?

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The bitcoin is expensive by the simple whim of certain investors such as the institutions that recently invested hundreds of millions in the purchase of BTC and other cryptocurrencies, another reason may be because lately bitcoin is recognized a haven value similar to what is gold.

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The reason for the high price of the bitcoin coin is due to it demand and supply and also of the fame that it got around the world. It is also the master of currencies and the first currency in the world of cryptocurrencies.

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The price of bitcoin is higher than all other cryptocurrencies because bitcoin supply is limited and its demand is very high. Due to bitcoin supply limited and its demand is very high, its price is also high. Which of course the demand is less, then the price also decreases and when only the demand for bitcoin is high, its price also becomes very high. 


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There are some remarkable reasons to make Bitcoin significantly so expensive virtual currency. For example: In overall, demands of Bitcoin is increasing since its creation, Bitcoin can be used to purchase the goods and it can also be exchanged for the Fiat currencies( Due to use cases), and it has the fixed supply so despite the growing demands of Bitcoin total supply remains unaltered. 


 

 

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You can call it expensive since some bought it early for just a dollar and less. Some bought thousands and made millions in dollars. But as we keep selling it seems there are many more buyers coming. This is a game right now on who will buy last and sell later at the bottom or who will be the next whales that will keep manipulating the market. For the time being there are some anxious whales that started trying. Until 50k there were none but I see today a few of them that probably met their targets. Some more are still holding probably forever. Who knows what will happen, Jesse Powel lately said that it can go to infinity and price can keep rising forever. I disagree with that because there is always an end to the bull run for Bitcoin. It isn't the US stock market, this is very different and when you see the price of altcoins today you know something is wrong.

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I think due to more traffic on btc. A large number of people use btc. They buy and sell btc. That's why btc is most popular currency and at on top. A larger number of trader which invest money on  btc which impact the price of btc also.

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