Why bitcoin so expensive? - page 10.

bentong talong

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Quote from: Raffy11 on September 25, 2017, 08:09:13 PM

Bitcoin is so expensive if it will be converted to my country's currency it will cost hundred of thousands.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.

Way back few years ago, bitcoin's value is very low and is doubted that it will be successful and grow. Today, many people are already investing in bitcoin because they can see that its value is very expesive which will surely help the with their financial problems. I think one of the main reason why bitcoin is very expensive is because of its growing demand which keeps on growing as time passes by.

iv4n

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Quote from: BitNotByte on January 07, 2018, 01:02:55 AM

5 yrs ago, in your country i bet it would only cost a hundreds or not even.. but due to many people purchased bitcoin (you know the law of supply and demand) the price increased as many people is purchasing it. now when everyone who owns bitcoin sells it, the value would drop back to the lowest point possible. Grin

But bitcoin price didn't drop on the lowest possible level, what happened is that price recover. Maybe you are just sarcastic and I don't know are you aware that 5 years ago price was very low comparing with price today, I'm sure that if you compare today's price with price in 5 years from now you will make same conclusion. Is it expensive or not is just a point of view, take a look on price in future when you thinking about buying bitcoins and like that this price now can be incredibly low and that can make you purchasing much easier for your mind.

BitNotByte

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5 yrs ago, in your country i bet it would only cost a hundreds or not even.. but due to many people purchased bitcoin (you know the law of supply and demand) the price increased as many people is purchasing it. now when everyone who owns bitcoin sells it, the value would drop back to the lowest point possible. Grin

jessica1612

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i think bitcoin becomes very expensive one of them is due to the limited amount of currency, in addition to his many ads in various social media that tells that bitcoin will be a global currency is a factor that makes bitcoin very expensive

lyndon30

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Yes the value of bitcoin is very high , It also depends on the crypto currency use in each country if how much they convert to bitcoin, Every year, Bitcoin always increases it's amount. More demand is unbalanced with a stock. It is cause for increasing the price.

uchethiya

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The amount of released bitcoins is less than the amount of bitcoin users. So, due to increasing demand and low supply, the product becom very expensive. I mean, the more demand is unbalanced with a stock. It is cause for increasing the price

SiranthiS

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Bit coin start with a small amount initially. Demand gave by the participant buying and selling and it smoothly rises up to the top.

jrrsparkles

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Quote from: WNbahr on January 06, 2018, 10:02:44 PM

bitcoin is expensive because in a relatively simultaneous time there is a huge transaction of great contribution and support from investors and traders, so that it can not be arrested, so bitcoin is now superior to other currencies

It is due to the lower quantity available on bitcoin people use and buy bitcoin frequently so it's value is higher than any other online currencies , it is one of the great way to improve out economy to the next level Very quickly .

WNbahr

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bitcoin is expensive because in a relatively simultaneous time there is a huge transaction of great contribution and support from investors and traders, so that it can not be arrested, so bitcoin is now superior to other currencies

LynielZbl

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The value of bitcoin is very high. It also depends on the currency used in each country if how much amount they convert to bitcoin. Every year, bitcoin always increases its amount. It is also due to the investors who want to have it and they hold it for the coming of time. Sometimes it dump, for the investors who want to buy it and when it pump again many investors and holders of btc are really want it.That's why bitcoin is so expensive every now and then.

BitPlace

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Quote from: mabell943 on January 06, 2018, 01:58:39 AM

The reason behind why the market value of bitcoins in the market is too expensive and raising so high is because of the demands that the bitcoin receives in the public market.
Since the bitcoin community is rising and there are lots of people who support their services, I think from this and the excellence in management is a big factor why they become successful and reach this achievement.

Bitcoin is becoming more expensive because of the demand that bitcoin always receive. Bitcoin also becoming more expensive because of the help of some traders to become bitcoin more successful and become its price higher day by day. Traders also help bitcoin becoming more popular and for this to last long and help many people through this. It helps also people to gain extra money for them to provide their desires. Bitcoin becoming more expensive right now because of sone traders.

Astermony

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Quote from: mabell943 on January 06, 2018, 01:58:39 AM

The reason behind why the market value of bitcoins in the market is too expensive and raising so high is because of the demands that the bitcoin receives in the public market.
Since the bitcoin community is rising and there are lots of people who support their services, I think from this and the excellence in management is a big factor why they become successful and reach this achievement.

Yes I agree on you. Bitcoins price becoming so high because of the demands that bitcoin always receives. Bitcoin is becoming more expensive day by day because of the help of some traders to become bitcoin more successful for the coming years for this to last longer anf for this to help many more people for the coming years.

cybersofts

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Quote from: Raffy11 on September 25, 2017, 08:09:13 PM

Bitcoin is so expensive if it will be converted to my country's currency it will cost hundred of thousands.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.

Bitcoin is getting expensive everyday because there is high demand of bitcoin by the public and bitcoin has limited supply. There are only 16.7 million bitcoins in circulation worldwide. So, what is happening right now with bitcoin price is basically the demand theory; the higher the quantity the lower the price, and the lower the quantity the higher the price.

eurodecent

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The value of Bitcoin is affected by various traders as the value can ether go up or down. One day it can be expensive and the next day cheaper.

yanlap

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Quote from: engrlodi on January 01, 2018, 02:41:55 AM

Bitcoin become expensive because of the demand of the people, there are many investors on it so the the value of bitcoin is going higher and higher. There is a limited allocation in bitcoin because there are only limited of supplies. It just in economy, there is law of supply and demand. As we can see bictoin is always pumping because of the investors and more investors wants to invest in bitcoin because bitcoin is more trusted, capable and more consitent than other coin.

Now almost every market is having bitcoin service and bitcoin payment is one of the best sources of income for them. Now many people are interested bitcoin and they are investing in bitcoin all of their income and they knows sometime bitcoin prices goes down but after sometimes it use to increase again and again. Price of bitcoin use to increase and it is one of most important reason that it is safe kind of investment.

mabell943

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The reason behind why the market value of bitcoins in the market is too expensive and raising so high is because of the demands that the bitcoin receives in the public market.
Since the bitcoin community is rising and there are lots of people who support their services, I think from this and the excellence in management is a big factor why they become successful and reach this achievement.

Balinsayaw

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bitcoin is expensive because there are a lot of people wanted for it.
It is a supply and demand. there a lot of demand but few supply thats why it is expensive.

OMGyasuo

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Quote from: Raffy11 on September 25, 2017, 08:09:13 PM

Bitcoin is so expensive if it will be converted to my country's currency it will cost hundred of thousands.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.

This is the same as the limited cars produced by large car manufacturers are sold at very expensive prices. The btc supply from the start when it appears is 20m BTC. However, when newcomers did not care about it, so many people have forgotten the thousands of btc they have. That is why less and less btc supply, but now the demand for btc and btc investment is increasing. These have made btc prices so high. In addition, btc prices are also influenced by many other factors, especially the "sharks".

Ahsan Aly

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Bitcoin, created in 2009, was the first decentralized cryptocurrency. Bitcoin set the trend of crypto currency in the entire world. So initially BTC gave a lot of opportunity to their investors , and then after passed few years BTC access their goals. Cool

Activitycoin

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Quote from: Jaydis on January 04, 2018, 11:54:11 PM

for me because of its significant value and that is what matter for the investors. The significant value is the thing that the bitcoin has which is what all the the investors are seeking.

Well it’s only the demand of bitcoin because day by day its users are going to increased and every one they are joining bitcoin because bitcoin is the fast growing currency in market in last year bitcoin make a record business and this year its users will also be increase and when demand will go high so its price will also go high and it will become more expansive there is only one currency left in market and that is bitcoin with high price.

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