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Topic: Why bitcoin so expensive? - page 16. (Read 6500 times)

member
Activity: 378
Merit: 11
December 29, 2017, 04:35:02 AM
This is because the bitcoin is gaining acceptance and more people are beginning to invest in it.
member
Activity: 82
Merit: 10
Decentralized Application Platform
December 29, 2017, 04:30:16 AM
Because bitcoin is the yardstick of the entire crypto industry. It will become like gold in the ordinary world, and may already have become. We will wait for the continuation of its growth
newbie
Activity: 52
Merit: 0
December 29, 2017, 04:27:00 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 a online cryptocurrency. Do you know the supply and demand rules ? The higher the demand and the lower supply can lead to a high price ?
There are limited bitcoin circulating in cryptoworld. Therefore I conclude that bitcoin is high price because it is only limited and the demand is so high and its going high and high thats why the price is going high too.
Hope it helps !
hero member
Activity: 735
Merit: 500
December 29, 2017, 04:15:58 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.

Supply and demand is the most normal factor that makes the bitcoin price to flow.
Bitcoin and other similar means of payment are building an ever larger ecosystem in which they can operate legally and serve as exchange units. The more transactions there is a cryptocurrency, the higher its cost becomes.
newbie
Activity: 144
Merit: 0
December 29, 2017, 04:10:31 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.

That's because the number is limited and many want to have it, it will increase the value of bitcoin. The future bitcoin will be more expensive again because of the growing interest but the amount of bitcoin remains the same.
newbie
Activity: 112
Merit: 0
December 29, 2017, 04:08:56 AM
Everyone understands it's a hype. And in modern world the growth of bitcoin and all of other shares caused by the media, news do everyting today. If people forget about bitcoin it will cost nothing, I'm sure. Let's see what 2018 brings us.
jr. member
Activity: 50
Merit: 10
December 29, 2017, 04:03:27 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.

Supply and demand is the most normal factor that makes the bitcoin price to flow.
I agree, and with a constant increase in interest in bitcoin, he will continue to grow. Therefore, it is worth buying it during the small drops in the rate, since it will not fall much in price.
member
Activity: 94
Merit: 10
December 29, 2017, 03:57:39 AM
i think it depend on the currency.  many people are now using bitcoin and invest money to earn thats why bitcoin price getting higher.
Уce щo нaбиpaє пoпyляpнocтi зpocтaє y цiнi i нaбиpaє пoпитy.
newbie
Activity: 11
Merit: 0
December 29, 2017, 12:53:13 AM
Bitcoin is so expensive because in our news on TV or in the Social Media Such As Facebook, Twitter state that bitcoin is the most known in Cryptocurrency today. Many People curious about how to earn Bitcoin for their pass time or full time in the internet.
newbie
Activity: 52
Merit: 0
December 28, 2017, 07:44:43 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.

Supply and demand is the most normal factor that makes the bitcoin price to flow.
full member
Activity: 420
Merit: 100
December 28, 2017, 07:43:42 PM
I think thats because a lot of people are fascinated by it as a phenomenon, also it is impossible to forge it, same as impossible to forge abstract numbers- they are unique.
full member
Activity: 182
Merit: 118
December 28, 2017, 02:48:39 PM
After forming a high of $16,416 this week, the cryptocurrency came under a
selling pressure as traders showed their reaction to South Korea’s news.
The country is determined to curb the speculative market
and it would take measures to stop and review various crypto-exchanges.
The reality is that the market is way too overheated and no one wants the cryptocurrency popping on their door steps.
However, this is surely not the first time that we have witnessed this kind of reaction in the Bitcoin price.
Throughout this years, we have heard many similar messages (followed by actions) from China and yet Bitcoin made a high of $19,338 [earlier this month].
member
Activity: 207
Merit: 10
December 27, 2017, 06:48:34 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.
well as you know even before bitcoin is really so expensive.but why there are some people wants to buy more bitcoin?what i know is they want to earn a lot even it is so expensive.
member
Activity: 98
Merit: 10
December 27, 2017, 06:12:57 PM
In my opinion, bitcoin is so expensive because of the popularity of it. Nowadays Bitcoin is very famous because of the amount and the way how you can use it. If you want to earn extra money or income bitcoin will be our chooses because of the many ways to earn it. Also, many people are buying bitcoin or investing in bitcoin that is the reason why bitcoin’s volume is rising; increasing demand is equal to high price or rising amount.
I tottaly agree with this in addition too many people advertising in social media even daily inquirer they have announce and tell about bitcoin. Bitcoin is so expensive because many people are  aiming for it and the supply is just limited. The law of the demand of supply is if you have a high demand and low supply - price increase and if the product is low demand-low price.
full member
Activity: 384
Merit: 106
December 27, 2017, 06:12:06 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.
Well, as far as I can see and observe, Bitcoin tend to be that expensive because of the price rise done by it just a couple of weeks ago or I think almost a month or more. I believe that this price pump of Bitcoin was due to the reason that it was caused by the continuous investment and engagement of potential investors and even the small time consumers and buyers that when put all together make up aassive community making the price rise to the top which is more beneficial but literally hard to avail because it was too expensive.
newbie
Activity: 26
Merit: 0
December 27, 2017, 05:43:46 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 expensive nowadays because too many people are buying bitcoins. the demand for bitcoin is higher than the supply that is why the price expensive.
full member
Activity: 196
Merit: 121
December 27, 2017, 05:26:20 PM
In my observation bitcoin price so expensive because of the demand getting form the people user and investors who is interested in bitcoin.Because once you have a bitcoin and you holds it for a long time there a chance to convert it in higher value. Also bitcoin is also open on signature and social campaigns which makes you earn more. It will help to encourange some people to collect bitcoin.
member
Activity: 150
Merit: 12
December 27, 2017, 05:19:03 PM
bitcoin is very expensive because it have high demand. if demand rate is high then the price is also high. otherwise if demand of bitcoin become low then it price will also low. now it have high price because of demand.
full member
Activity: 476
Merit: 102
December 27, 2017, 05:00:57 PM
It's expensive because of it's like antiques.
member
Activity: 84
Merit: 10
XWIN CryptoBet ICO 01/01/18
December 27, 2017, 04:58:14 PM
I'm pretty sure it' expensive because of high demand. There are many bitcoin investors and users.
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