The demand of bitcoin and its supply is also somewhat responsible for the fluctuation of its price. Miners are coming in to mine more and more bitcoins. Its demand is increasing and thus price will increase too. Nevertheless bitcoin will still be at the top of its game despite all the hurdles it has faced so far.
Topic: his expensive factor bitcoin prices? - page 2. (Read 307 times)
more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
the other factors? An air. Air is very expensive, its essential for living.
There are many factors which are responsible for the price of Bitcoin being expensive. As you said demand and supply plays a major role. the other reasons include volatility, scalability issues and liquidity.
When all the bitcoin will be mined there will be new factor that will make the BTC not only expensive but also impossible. I think surely people will face this things in the future as BTC is becoming more demandable day by day.
bitcoin users know that it a expensive field but this place is more or less unpredictable so rate of the prices can be changed moment to moment . as much one one get involve with this business with experience they can understand the factor behind this price manipulating
As we know whatever has a high demand is very high in price to get. Now a days bitcoin is used as an alternative as transaction to the fiat money and so it is becoming more and more expensive day by day.
more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
As I always use to state in my almost all posts that the valuation of bitcoin is governed by many factors and it’s not a single factor dependent. Bitcoin has always proved itself a very volatile and versatile crypto currency and due to which its valuation keeps on flactuating with in a very short span of time. As you stated one factor for high valuation of bitcoin. And according to me the market demand and supply of bitcoin also plays a major role in high valuation of bitcoin. 
more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
There is a factor, that makes future of BTC not just expensive, but impossible in the future. When all coins are mined, there will be nothing to pay with to miners. If transaction fees will be fair compared to energy cost of mining, transaction in bitcoins will be very expensive. If transaction fees will be attractive and small, there is no point of mining anymore.
The future will be coming in approximately 2140. Our generation will not be alive to see it. However, like you said, once the last coin is mined the miners will have to rely on the transaction fees to keep their operations running. That is correct! However, keeping in mind that the last bitcoin will be mined in 2140, the technology of mining is also expected to be less expensive and smaller in size just like it happened with mobile phones. The more research and development work happens in this sector, the technology will become cheaper and adopted by mass. So the kind of cost we require now to maintain a profitable bitcoin operations, will become much more cheaper, smaller and easier to handle.
The second factor is the price of bitcoin. The more we reach towards depletion, the bitcoin price will become more expensive as per the normal demand supply rule. As per the current hashrate, the bitcoin block reward is expected to be halved in May, 2020. The more scarce is become, the more pricey it will become in the market to compensate the halving effect to the miners. So till the time we mine the last bitcoin, the market will radically change from the current situation. All we can do is assume the future, but no one is sure what will happen. Since we are not going to live till 2140, enjoy what we have today!
I think the issue factor greatly affects the price of bitcoin, because with the presence of positive issues will affect the public perception of Bitcoin, we take for example just a time ago german legalize crypto currency. If Bitcoin gets a better perception, Bitcoin demand will increase and eventually increase the bitcoin price.
According to me As the demand, the higher the demand for something, the higher the price, if other conditions in general nothing has changed. Similarly, the more vendors or merchants who receive Bitcoin as a means of payment, the Bitcoin price will increase.
more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
There is a factor, that makes future of BTC not just expensive, but impossible in the future. When all coins are mined, there will be nothing to pay with to miners. If transaction fees will be fair compared to energy cost of mining, transaction in bitcoins will be very expensive. If transaction fees will be attractive and small, there is no point of mining anymore.
There's still 120 years until the last bitcon are mined, no ones know what other things the bitcoins networks will be used for in that time.
Running the network cut easily be very profitable also when there's just transactions to do, even if they only pays a few satoshi each.
more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
There is a factor, that makes future of BTC not just expensive, but impossible in the future. When all coins are mined, there will be nothing to pay with to miners. If transaction fees will be fair compared to energy cost of mining, transaction in bitcoins will be very expensive. If transaction fees will be attractive and small, there is no point of mining anymore.
The adoption rate too. People have started using it as alternative to fiat in financial transaction because of its advantages and whatever has high demand, increases in price.
more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
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