Why bitcoin so expensive? - page 15.

louisedem

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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.

The price of bitcoin tend to be so expensive due to the fact that it popularity is rising making the demands more exclusive and expose to the crowd of people making the price to rise up that high as the demand rises which literally exhibits the law of demand that was one of the characteristic of a currency possesses for it to be able to be so called as a currency. With this, the people as a major factor of the change on the price, makes bitcoin so expensive as time passes by.

Vibr56

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Bitcoin's price reflects how much people are willing to buy it up. This simply means that people are willing to buy Bitcoin or portions of it at current price levels.

kiddddddd

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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.

It is because of the Law of supply and demand. BTC that is already circulating around the world is 16,768,975 and 5million left is there, so the more people demands BTC the higher the price it will go.

cryptojohn9

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The price of Bitcoin are going up because of high demand and less supply. Bitcoin is so expensive because of scarcity. The investors and traders hold or buy Bitcoins and the price will soar. It is because of the strong demand and crazy investors.

senin

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The cost of bitcoin is determined in the crypto currency market as the ratio between demand and supply. Just bitcoin was the first crypto currency and therefore became widely known around the world. Due to the fact that demand began to grow, the price of bitcoin in the last few years has increased significantly. Increasing its price again, attracts investors with its ability to earn decently on raising its rate, which leads to a second round of raising prices for it. That's why bitcoin is so expensive.

mxyzptlkof6th

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Bitcoin is very expensive because it is very famous. Its limited anonymity also plays a huge role in making it a flexible type of currency. Many countries also upgrades the blockchain so that the transaction network will be faster.

fistteam

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The bitcoin community is growing, demand for bitcoin has increased dramatically. Therefore, the price of bitcoin increased. It's price is too high for those who invest in bitcoin.

zitbau

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The increase of bitcoin is due to the investment of many people. It is currently attracting a reasonable investment in it. And bitcoin is also limited in quantity so the bitcoin price is quite expensive

Raisul Islam

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No one can say the exect price of bitcoin.So why you can say bitcoin is expensive.Bitcoin is a cryptocurrency.It's price can rising up in top of all of anything and can fall down in anytime also.I think you it's too cheep.you can say dollar price is high or cheep.Because 1 milion satoshi make one btc.in the next year bitcoin price will be more high i think.thank you.

shritin1707

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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 .

Xtra_Coin

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Bitcoin becomes expensive due to investments in it. But while it has not yet become expensive. I will explain that in recent years and especially the last year it has grown very well, but its dawn is yet to come. But when it becomes a limited unit, its price will be completely prohibitive. Wink

supercanada1

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Quote from: Juzion on December 25, 2017, 05:52:56 AM

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.

its not expensive at starting but due to heavy trading volume, it gets high prices.

Well it is true bitcoin has power and it is now very popular but mate if bitcoin will get taxed for sure it will make bitcoin in legal list and it will be good bitcoin future so I would live it if bitcoin will be more popular and at some point government will make bitcoin a part of legal things like legal currency and fixing tax for bitcoin so I think these small thing makes bitcoin more expensive but right now the main reason is price and increasing value of bitcoin.

Harley29

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Quote from: Alex_Zi on December 27, 2017, 05:00:57 PM

It's expensive because of it's like antiques.

It’s only the demand which make bitcoin expansive because this year bitcoin have been accepted by a lot of countries and some of them have made it legal and also some rich companies and some banks have also accepted bitcoin which mean bitcoin demand o very high and a lot of more countries are waiting for next year they will accept bitcoin in next year where its users will be more increased so there is no doubt that bitcoin price will go more high.

ace4549

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I think the reason behind the bitcoin is so expensive or high market value because of the high demands they receive in the public market.
All their efforts and sacrifices in order to provide a excellent services gives them a good feedbacks in return. Through there are lots of people who entrusted their services.

Mantisa83

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It is about time that people invest in a currency that is rewarding and not controlled by any corrupting banking system.

elie_s

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When demands increase price increase that's why

Mazda17

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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.

You are absolutely right with this statement of fact.
Bitcoin is very expensive if it is converted into my country's currency so it costs hundreds of thousands and even millions in my country.

shezu007

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price of bitcoin depend on the demand of bitcoin in the market. As there are approximately 21 million BTC in the market and the users of bitcoin is increasing with time so as the demand increased then price of bitcoin is also increased while as the demand decreased then price of bitcoin is also decreased.

Bes19

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It was cheap 5 years ago but people were very hesitant to invest on it coz they thought it was a scam. Now adays, many people are getting crazy in bitcoin. higher demand with a lower supply means value or price is high or will get higher even more. Expensive is an understatement.

Philip Graham

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Bitcoin is expensive simply because it has high demand

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