Topic: Why bitcoin so expensive? - page 13. (Read 6500 times)
Its because of huge numbers of investors. You expect in this business that the bitcoin will pump up the price because many people are interested of bitcoins.
according to my knowledge there are about 21 Million BTC in the world. So in start when BTC was new market then price of BTC is very low but as the demand of BTC is increased in market the price of BTC is also increased. So now demand of BTC is very high in market as compare to supply that why price is very high.
For my opinion is it makes no sense to call Bitcoin expensive, it is like calling dollars expensive. You know you can just by a fraction of it? You can buy down to 1/100 millionth of a Bitcoin.Because Bitcoin is so popular, Bitcoin is one of the most popular online coins in the world.
Because Bitcoin is so popular, Bitcoin is one of the most popular online coins in the world. And these coins are at the top of the market price as the most expensive. So far, many people have been earning hundreds of thousands of dollars in working on these coins, compared to other coins that have not been so popular. In This resin These coins are so expensive.
People are becoming aware of bitcoin technology when bitcoin became popular the demand naturally increases with the limitations.When the demand increases it will be more expensive for laymen.First of all we have to consider the electricity consuming cost and the value of bitcoin.More electricity is needed for bitcoin mining so if it is calculated together we can conclude whether bitcoin is expensive or not.To my concept I don't think that bitcoin is expensive since I am new in this digital technology.
Back in mid 2010 Bitcoin was just a few cents as more people/organizations caught the attention of bitcoin it started to grow especially during this recent year which lead to a lot of demand. It was at around 1000$ this January and now trading over 12k It's a currency the reason It's not like other currencies is because it only has 21 million currently only 16M+ are in circulation. And lets not forget the mining difficulty that requires more hash to mine as more bitcoin are mined also causing the price to increase as miners do not want to lose $ from electricity as mining won't be profitable if electricity costs more than BTC.
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
As of now the price of bitcoin become more expensive than before and I think its a good news to all bitcoin users. On the other hand, the reason why it become so expensive is the high demand of bitcoin on online market and if the demand is so high it may result to a high income. 
I think bitcoin is very expensive because bitcoin is the first digital currency, and also the most famous currency, of course the layman who just plunged into the world of digital currency only knows bitcoin and believe in bitcoin, in addition bitcoin is also limited
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.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
I think bitcoin is so expensive because there are so many people who want it and other seller accepting it as a payment. On the past the price of it are very low but now it's price are still increasing I think it is because the people now are investing more than on the past.
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.
hh, I already know, you are Chinese, the rise of bitcoin is very normal, because get the recognition of the individual countries, what can get so many countries recognition? Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
At first when bitcoin arrived to us it's price was very low.But day by day it's price is increasing.The main reason of this increasing is people's are investing more in bitcoin than they before.That's why bitcoin is so expensive.
Bitcoin nowadays is expensive just because of the mass volume of demands for it. The rapid increase in price is people continuously adopts using it as form of investment, as exchanges and as form of payment in buying and paying goods and services. Bitcoin can be convenient since its less hassle you dont have to travel just to pay your bills. You can pay it through online
Bitcoin was hyped so hard that people kept buying a piece at very expensive prices. However, the period of uncertainty has come.
Bitcoin is that much expensive because it's now accepting as the method payment in many retailers.
Demand and supply are the two main factors responsible for ascertaining the value of any commodity. If there are ten buyers in the market for one unit of available commodity in the market they its price will rise high but if there are ten commodities available with suppliers/sellers and there is just one buyer available in the market then the price will be very low though the commodity being the same with same qualities.
Another factor is speculation; sometimes we see there is speculation in the market about certain instrument e.g. certain share of a company. In the expected price rise; people start buying the share and demand increases and as a result the price too increases.
Bright future; simplicity in usage; lesser administrative legal formalities also raises the price of certain commodity. As the bitcoin is without international barriers acceptable ; trade able in entire world and no government controlling it so people diverting their financial transactions from national currencies to cryptocurrency. That is why demand is increasing but mining or availablity is limited so the price gone high.
Another factor is speculation; sometimes we see there is speculation in the market about certain instrument e.g. certain share of a company. In the expected price rise; people start buying the share and demand increases and as a result the price too increases.
Bright future; simplicity in usage; lesser administrative legal formalities also raises the price of certain commodity. As the bitcoin is without international barriers acceptable ; trade able in entire world and no government controlling it so people diverting their financial transactions from national currencies to cryptocurrency. That is why demand is increasing but mining or availablity is limited so the price gone high.
Bitcoin is so expensive, because of the hype, and fluctuations of supply also the demand on online market is main reason why it become more expensive.
Anyway, anyone who is investing in bitcoin will have to contend with a great deal of volatility. Bitcoin is the first decentralize crypto coin in the world.
Anyway, anyone who is investing in bitcoin will have to contend with a great deal of volatility. Bitcoin is the first decentralize crypto coin in the world.
The coin is so expensive because there are many more people who want to own at least one bitcoin because there are more people than bitcoins, the thing is clear on the excanges the people overbid and that drives up high prices.
the bitcoin is also the most famous coin at the world
the bitcoin is also the most famous coin at the world
The demand has risen drastically and because of it the holders sell it with higher prices and the price do increase.
I don't think is expensive , because it depends on the amount of bitcoin you want to buy or sell. If you buy 0.0000001 BTC, I dont think that is much expensive.
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.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
i think wht bitcoin so expensive because Bitcoin price expensive for several reasons: first its limited quantity, then btc is most popular coin and many coming in crypto trough bitcoin. Next reason is big demand, poeoples holding their btc's and its born coin deficit. Bitcoin is very expensive because of the limited amount of currency, on the other hand the number of advertisements on various social media.
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