Why bitcoin so expensive? - page 21.

lelylely

member

Activity: 602

Merit: 10

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.

Bitcoin is limited but the demand for Bitcoin is overwhelming, which makes Bitcoin very expensive. Bitcoin has many benefits that attract many people.

nagatraju

hero member

Activity: 672

Merit: 500

Quote from: Prem.Soorajpaul on December 25, 2017, 06:14:16 AM

There is a huge gap b/w demand and supply, that is the main reason of costlier of bitcoin. If you want to invest in bitcoin, you can some part of bitcoin as well no need to buy a hole bitcoin. You can invest as per your convenience in bitcoin. Please keep in mind, bitcoin transaction commission is very high so too smaller part will bot be profitable for you. Otherwise, you can invest in other crypto currency like Ethereum.

yes, because of this gap the price is very high and the commissions are very high I consider the less expensive coins to invest in them

unknown-user

full member

Activity: 445

Merit: 100

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 becoming more popular and indemand from the market. Honestly, I am not surprised that Bitcoin has an exoensive market value. Many people are interested on investing into it which shows how high the demand for Bitcoin is and anything that is in demand to the market will have a high market value

mkcjeewantha

member

Activity: 336

Merit: 14

https://exiptoken.io/

HI

actually if we think about BTC price its expensive because it has a big value. because everyone wants to buy BTC and we all know its just the beginning of this new currency and it has more way to go in the future. but if think about it in a proper way it has small particles call satoshi.. we think about it even though BTC have a massive price people will use in Satoshi

like a dollar bill.

Prem.Soorajpaul

full member

Activity: 199

Merit: 100

0xB911101025014BfCaA3B17BC7683C0817489bB28

There is a huge gap b/w demand and supply, that is the main reason of costlier of bitcoin. If you want to invest in bitcoin, you can some part of bitcoin as well no need to buy a hole bitcoin. You can invest as per your convenience in bitcoin. Please keep in mind, bitcoin transaction commission is very high so too smaller part will bot be profitable for you. Otherwise, you can invest in other crypto currency like Ethereum.

Vanester2014

member

Activity: 236

Merit: 10

Borderless for People, Frictionless for Banks

Bitcoin become so expensive because he got only 21 million supply forever and more and more people already want to buy bitcoin as long as more people still buying bitcoin the price of bitcoin will still goes up and up. Just like an auction as long as a lot of people realy want to buy it the price will continue to raised and no one can stop it.

cryptokudi

member

Activity: 126

Merit: 10

Two things, supply and demand, give a commodity its price and value. That is what is happening with Bitcoin. It will even get more expensive with time as the awareness for its usage increases. Remember that Bitcoin total supply is just 21million which really isn't much. Also, any coin that has increased usage and little supply will always have increased price.

Juzion

full member

Activity: 234

Merit: 100

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.

RKSummer

full member

Activity: 337

Merit: 100

Quote from: klf on September 25, 2017, 09:13:00 PM

Quote from: D3m1r4wanti on September 25, 2017, 08:48:07 PM

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

Basically, its prices are going up due to high demand and less supply. More and more businesses start accepting bitcoins for regular usage then its demand will go up but supply may not increase so fast so its prices will shot higher. The current prices may be looks expensive for now but after two or three years these prices may look very cheap so start investing in it instead of worrying about whether it is expensive or not.

Bitcoin is so expensive because of its nature. Decentralization makes it so popular. The government can't impose taxes in bitcoin. Bitcoin is a viable and tradable assets. It is very easy to trade and invest with a very low transaction fee.
The accessibility and popularity of bitcoin comes with the increase of its demand.

qtypatuty

member

Activity: 144

Merit: 10

It is for the reason that the Bitcoin has a number of users. That is the reasoning of why its demand keeps getting higher. As the demand increases, the value of Bitcoin also increases.

sungaiyangderas

member

Activity: 158

Merit: 10

it's pertinent to its currency, but good for it is that bitcoin is really a lot invested with as much as you can get if you really have the willpower to invest and then try a few few and you will see results.

kjnfmplm

jr. member

Activity: 364

Merit: 6

Bitcoin is expensive because of its high demand among the users, buyers, and investors. Since it is increasing in popularity, it is becoming a well-known typè of currency. The cryptocurrency. Investors amd businessmen know the potential of these currency. Since more and more people are getting to know this type of currency, it is no wonder that bitcoins became expensive as time passes by.

BagzMM

member

Activity: 378

Merit: 10

It's because people are getting much interest on bitcoin. It's now popular in the social media and investors are now riding on the popularity of the bitcoin.
Those people who bought bitcoin in Y2012 are now millionaires.

rainezerr401

member

Activity: 294

Merit: 10

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.

Bitcoin is not expensive before back in 2010 but it only happens that there is a lot of people who are interested on investing on it that's why the value of bitcoins grows. The market is also volatile and the reason why bitcoins is keep on increasing , It is because of the demand coming from investors that's why the supply is decreasing and makes the value of bitcoins in the market increase.

Zaarin

newbie

Activity: 294

Merit: 0

Bitcoin is very expensive because of the limited amount of currency, on the other hand the number of advertisements on various social media.

spiritguardcharles

jr. member

Activity: 104

Merit: 4

The only thing that i know so far to btc is it's value is rapidly increasing from time to time and the value of btc in my country is no joke.Despite of me being active in btc for almost a month, i'm still wondering why btc has an unbelievable? price and how does the value increased?.There's still some question in my mind that i really wanted to ask but maybe i'll be able to find the answer behind btc and become knowledgeable about btc which will probably take some time

Turkish88

full member

Activity: 714

Merit: 104

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

albert11

hero member

Activity: 679

Merit: 500

Quote from: wer9d25gqj on December 24, 2017, 10:44:39 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.

first thing, there are only 16m circulating supply of bitcoin [https://coinmarketcap.com/], and the number of investors keep increasing, and the number of people who gets bitcoin keep holding it for long term. thus price increase.

the world havent fully accepted bitcoin yet, if you call that expensive then you dont have any idea what it will become when its market cap reaches trillions of dollars.

Bitcoin's price rely on what's happening on its market. As the demand increases with the supply decreases, its value also increases and vice versa. Bitcoin has been all over the social media the past few days because of its price making more people curious to try it. As more and more people invest in it, its value also continues to increase.

munify

jr. member

Activity: 386

Merit: 1

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.

Bitcoin becomes expensive because of the large number of requests while the number is limited.

wer9d25gqj

newbie

Activity: 46

Merit: 0

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.

first thing, there are only 16m circulating supply of bitcoin [https://coinmarketcap.com/], and the number of investors keep increasing, and the number of people who gets bitcoin keep holding it for long term. thus price increase.

the world havent fully accepted bitcoin yet, if you call that expensive then you dont have any idea what it will become when its market cap reaches trillions of dollars.

Topic: Why bitcoin so expensive? - page 21. (Read 6512 times)