Why bitcoin so expensive? - page 14.

patimahsunda

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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.

I think because the popularity of bitcoin makes bitcoin expensive. Bitcoin continues to interest many people or investors prefer to join or invest with bitcoin.

vicvicto17

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Yes if you will buy the whole bitcoin it's expensive, but buddy we are here for profits so invest in your future buy and hold bitcoin this is the only way we can grow our money. the more you hold longer the more we gain profits

Baton55

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Bitcoin is getting expensive and it is gaining it’s real value because of growing worldwide popularity,acceptance as well as it’s own characterstics and advantages.
The value of bitcoin or any other thing depends on the supply and the demand of it. The demand of bitcoins is way higher than the supply. So the price has sky rocket.
Anyway, anyone who is investing in bitcoin will have to contend with a great deal of volatility. Since December 5, the digital coin's price surged from just below $12,000 a coin to more than $17,000 at its peak. And in between, the cryptocurrency experienced intraday swings that created and erased billions of dollars of value in a matter of minutes.

MD Nur Hossain

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Because full crypto currency platform depend on only Bitcoin.Alt coin continuously movement & that's main reason is bitcoin price up & down.BTC so much expensive & better than gold.

moli1

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Bitcoin price has dipped below $13,000 for the second time in december.
over the past 24h the market valuation of Ripple has increased by nearly 100% surpassing $100 Billion in market cap.
As such given that the recent fall in the price of Bitcoin was mostly fear of missing out demonstrated by a small portion of bitcoin investers switching |
over to Ripple .. well, Bitcoin price will likely be able to recover to the $15,000 relatively soon!

Gabrieelle

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Quote from: MetalGear on December 29, 2017, 06:05:22 PM

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.

There many reasons why the price of bitcoin is expensive. On the the hand, I think that the fluctuations of supply and demand on online market is main reason why it become more expensive. Lastly, I hope the price of bitcoin will become more expensive because it may lead to a high income.

I agree, one of the reason why the price of bitcoin is so expensive is because more and more people are engaging into bitcoin and a lot of investors are investing in it. The more users means the more demand it has in the market which leads for the supply to go down and the price of bitcoin to go up. We all know that the price of bitcoin is volatile and it keeps on changing so we're never sure if it stays on top but we all hope so.

reda

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Bitcoin is soooo expansive. All country people use the bitcoin for the future growth and gather some information for the future invest and improver business process. Bitcoin it connect the all country people. So people share some information for the improver your self. Bitcoin is easy to transactions. You will chage any bitcoin any country currency. So you will easy to process. You will learn the transaction process. Then you will know about the trading process and transaction process.

Starone1

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Quote from: shritin1707 on December 29, 2017, 01:17:42 PM

Its simple, In India gold is costlier because it's demand is more and supply is less same with the Bitcoin day by day Bitcoin popularity is increasing or demand is increasing but supply is reducing to half every four year and its demand is increasing on global basis that's why its price is high and in future more n more people will try to buy it and its price will increase again and again every year .

Everyone knows that the price of Bitcoin is going high and high. The demand of bitcoin is increasing among the investors. That is the main reason that Bitcoin’s cost is too much high when we converted it into any currency. The Bitcoin is very expensive because it is going to become the world’s best crypto currency. The crypto currency like Bitcoin grows popularity than any other digital currency. The investors are earning money by its expensive cost.

9jaflick

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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.

when demand is high than suply you get exactly what you are experiencing on bitcoin,
Bitcoin is a currency so you don't say it expensive, you simply say the conversion rate to fiat currencies is high.

TonixGaming_14

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AGATE

Quote from: grizmoblust on December 29, 2017, 03:22:42 PM

Bitcoin is the first coin in the world. It has many advantages comparing fiat money. So, the investors believe and use it. This leads the price's increasing.

Indeed bitcoin is so powerful competing fiat money and bitcoin has the advantage in invest, so many investor are use bitcoin today and leading to increase of the price. Many user are proud of bitcoin increase of price. Even the price is so expensive in other hand huge demand in other currency.

MetalGear

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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.

There many reasons why the price of bitcoin is expensive. On the the hand, I think that the fluctuations of supply and demand on online market is main reason why it become more expensive. Lastly, I hope the price of bitcoin will become more expensive because it may lead to a high income.

Md.salauddin

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Yaa BTC always expensive because of limited amount of currency and the other hand huge demand of market . its just like a vice versa

TheBTCpost

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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.

Remember there’s only 21 million bitcoin that will ever be created and still not even up to that number

It’s a very low supply for such a big market. So the price reflects on that aswel as everything else going on with the media and bubbles

teejayrichard2

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Bitcoin is so expensive because it has so much great potential that thousands and thousands of people are investing in it daily. This high demand makes the prices go up. Remember the basic law in economics,when demand is high price is high ans when demand is low price is low. So the high demand makes BTCprice high.

grizmoblust

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Bitcoin is the first coin in the world. It has many advantages comparing fiat money. So, the investors believe and use it. This leads the price's increasing.

Vibr56

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Quote from: rappydoo on December 29, 2017, 03:13:37 PM

because of the hype, and low supply. its just that bitcoin was the first to introduce the idea of block chain technology.

Hype is definitely true as we see a lot of posts and 'analysts' stating the possible price of Bitcoin in X number of years. People actually believe this, thus the continuous buy-ups.

rappydoo

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because of the hype, and low supply. its just that bitcoin was the first to introduce the idea of block chain technology.

LilW7821

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There was the time when bitcoin was not that expensive but 201u December was astonish for the users and these are very good for the people who already invest in it!!!

vasilijsinicin0155

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The price of bitcoin is so high because this cryptocurrency is fundamental, her popularity every day becomes more and more, and the offer is limited. More and more people want to have in the purse bitcoin, from here and growth of cost of bitcoin.

furry04

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The demand and supply is what sets the prices in every asset and every good. So btc has become so popular and so many people invested on it thus demand increased and as well price increased.

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