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Topic: Why bitcoin so expensive? - page 11. (Read 6512 times)

member
Activity: 223
Merit: 10
January 05, 2018, 10:52:14 AM
Actually its very hyped. And everbody want to invest because they heard that some people buyed it 7 years ago for some cents and now its worth thousands. And becuase the total supply is limited.
newbie
Activity: 37
Merit: 0
January 05, 2018, 10:48:39 AM
because the is limited supply of btc 21 000 000 now . Now in cir. around 16 mil. I think btc is worth of it
copper member
Activity: 217
Merit: 0
January 05, 2018, 10:46:24 AM
that's not the final price. $40,000 in 2018 spring?
newbie
Activity: 29
Merit: 2
January 05, 2018, 10:34:03 AM
all crypo is so expensive because it is easy and globally.bitcoin number one because it was first p2p blockchain currency and great way to send me without pay much.
bitcoin collection currency and sending system so that it is so expensive.
hero member
Activity: 868
Merit: 535
January 05, 2018, 06:48:50 AM
Well you know, you cannot declassify it just by reasoning out that it is merely a cryptocurrency. Cryptocurrency, digital currency, traditional fiat currency -- you know you only mean one thing, that is, of monetary value that people can use to purchase goods and products. Hence, the value, as you see it, can be said to be a financial market strategy to entice investors to it resulting to an increased demand. As you may have heard it before, currencies are relative. Say, if you earn dollars and spend dollars, it is just like any other currencies. The value in the long run depends not much on its price but on how you make use of it through investments.
newbie
Activity: 181
Merit: 0
January 05, 2018, 06:40:09 AM
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 so expensive. Other country cannot able to have it because thier currency cause was too low . Bitcoin price is higher than any other contries so that when your country has too low currency price  it can eat all your money so that it can make it expensive.
member
Activity: 108
Merit: 100
January 05, 2018, 06:26:30 AM
In my opinion, bitcoin is very expensive because of its popularity. Currently Bitcoin is well known for the number and the way you can use it. If you want to earn extra money or bitcoin income we will choose because many ways to get it. Also, many people buy bitcoin or invest in bitcoin, that is the reason why bitcoin volume increases; Rising demand equals high prices or increases.
newbie
Activity: 112
Merit: 0
January 05, 2018, 06:09:13 AM
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.
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Because the demand for Bitcoin is high, so the price is high also
member
Activity: 238
Merit: 10
Blockchain with solar energy
January 05, 2018, 02:44:37 AM
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.
I think bitcoin is so expensive because it has high demands and limited supply, in the sense that bitcoin is gaining popularity now and people are rushing to buy bitcoin now because of bitcoin decentralized nature and great potentials. And the limited supply of about 21million bitcoin only in circulation makes bitcoin a very strong and technical, The value of bitcoin in the exchange market is second to none and bitcoin is the king of all cryptocurrencies.
Bitcoins are becoming more expensive because of the many factors, including the fact that the amount of bitcoin actually exists is very small and therefore very scarce. The international community is having a great deal of interest in the crypto market and especially bitcoin has made bitcoin a big boost during this time. At present, the value of bitcoin is being accepted by the community and hence the value of bitcoin is growing very much.
member
Activity: 952
Merit: 41
January 05, 2018, 02:30:07 AM
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.
I think bitcoin is so expensive because it has high demands and limited supply, in the sense that bitcoin is gaining popularity now and people are rushing to buy bitcoin now because of bitcoin decentralized nature and great potentials. And the limited supply of about 21million bitcoin only in circulation makes bitcoin a very strong and technical, The value of bitcoin in the exchange market is second to none and bitcoin is the king of all cryptocurrencies.
member
Activity: 174
Merit: 15
January 05, 2018, 02:28:31 AM
BTC turn out to be so costly in light of the fact that he got just 21 million supply perpetually and an ever increasing number of individuals as of now need to purchase BTC as long as more individuals as yet purchasing BTC the cost of BTC will at present goes up and up. Much the same as a sale insofar as many individuals hand-off need to get it the cost will proceed to raised and nobody can stop it
newbie
Activity: 7
Merit: 0
January 05, 2018, 02:20:22 AM
In demand, bitcoin now is famous.

it will more famous than before as time passing by and no one can stop bitcoin. The community itself is so strong, no one can easily break the foundation bitcoin right now.
full member
Activity: 221
Merit: 100
January 05, 2018, 02:19:28 AM
Bitcoin is very expensive because of the growing demand from the public from year to year, and also because of the limited supply that it owns. there are many investors around the world who want to invest in bitcoin. bitcoin is a technological development of the present and for the future, many people believe that bitcoin will become the world's digital currency as well as profitable investment land. this seems one reason why bitcoin prices are expensive and will be more expensive.
newbie
Activity: 44
Merit: 0
January 05, 2018, 02:05:49 AM
Bitcoin was the first decentralized cryptocurrecy of world.I didnt not require any bank  any less trust network.this thing immediately attraced the eminent personalities and lot of companies started accepting money in bitcoin form.that thing incresed the trust of common public and currency started growing.other reason is that you have choice to trade your bitcoin on different exchanges available.everyone loves to own his money so it think these these things made easy for bitcoin value to grow more and more.Volatility is also the facotor people get attracted when see prices of bitcoin has been doubled in 1 month as we have seen in last year.
newbie
Activity: 196
Merit: 0
January 05, 2018, 01:41:51 AM
Bitcoin is not expensive all the time it depens upon what country you belong. Thats my idea but i dont have lot of ideas with regards of expensive bitcoin because im new from this .
newbie
Activity: 54
Merit: 0
January 05, 2018, 01:35:15 AM
Some many people believe in Bitcoin.
newbie
Activity: 73
Merit: 0
January 05, 2018, 01:14:39 AM
It is considered as gold of the digital currency right now, I think that is the main reason. Also more people are investing to it which makes it very high in the market.
full member
Activity: 560
Merit: 102
January 05, 2018, 01:12:11 AM
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.

Do you know how long the bitcoin can reach this expensive price? Do you know anything that has passed that long?
I can only explain if the bitcoin price is not as expensive as it was since it was released in 2009. Public confidence is also hard to come by then, so the demand for bitcoin is still very low. However, after all the bitter things have passed, public confidence is great, the demand for bitcoin is greater than the offer, then the price can be this high. Economic law, about demand and supply.
jr. member
Activity: 196
Merit: 1
January 05, 2018, 12:24:13 AM
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.
I think bitcoin is so expensive because bitcoin is already in demand right now and many had already invested it and using it. one factors that may affect the increase of price of bitcoin is the popularity of this coin.
member
Activity: 252
Merit: 12
January 05, 2018, 12:18:38 AM
Its very expensive because its popularity and most of the people invest in bitcoin.
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