As a beginer I dont understend why bitcoin is so hight? I know thet that is sequence of numbers which were calculated by computer. But why people buy and sell it ?
Because more and more, the number of bitcoin users increasing, bitcoin is becoming more and more popular, the market is expanding, perhaps that is the reason bitcoin is increasing. 
Topic: Why bitcoin is so high? (Read 145 times)
The stock market works the same way, supply vs demand. Why is Google and Apple stock high vs a company like GoPro?
It's considered some kind of digital gold now, it's something you can invest in and get paid off. The more people are involved, the more it costs. It's a snake beating its tail, the process that stimulates itself
Miners goes through a great difficulties to mined bitcoins or confirm transactions and even electricity cost is so high that finding a single block requires a lot of work and this factor is accounted for when determining the price, and people are willing to buy at that price too.
As a beginer I dont understend why bitcoin is so hight? I know thet that is sequence of numbers which were calculated by computer. But why people buy and sell it ?
First of all better to construct your grammar first before tending to make post so that public would able to cope up the complete thought of the thing you are asking on here. Hight= High.Answering your question is that bitcoins price or value do depend on the demand and yes bitcoin is just being run by codes but if you would able to understand on what its actual purpose then you will able to realize that it is indeed a great invention being made.
The price of Bitcoin is determined by a combination of supply and demand, as well as scarcity.The more people that join the network, the bigger the economy will continue to grow. Bitcoin getting mainstream attention is the best thing in the world because it allows people to see it, speculate on it, and potentially adopt it. The real gem behind Bitcoin is the blockchain, that is the driving force behind its technology!
Another major factor that pushes people toward Bitcoin is the fact that it is a decentralized form of payment, running from peer to peer. We live in a time where people are becoming less and less trusting of our governing bodies, so cryptocurrencies like Bitcoin play a heavy role in the alternative factor. You're now at the Fulcrum of the revolution, in this age that we're in, we will slowly but surely see many changes, not just in economy, but within society itself.
Another major factor that pushes people toward Bitcoin is the fact that it is a decentralized form of payment, running from peer to peer. We live in a time where people are becoming less and less trusting of our governing bodies, so cryptocurrencies like Bitcoin play a heavy role in the alternative factor. You're now at the Fulcrum of the revolution, in this age that we're in, we will slowly but surely see many changes, not just in economy, but within society itself.
Only when you understand money only has value because people have faith in it not the govt saying it has value, not because it is shinny then and only then will you understand why Bitcoin has value and this is only the beginning.
As a beginer I dont understend why bitcoin is so hight? I know thet that is sequence of numbers which were calculated by computer. But why people buy and sell it ?
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