Why bitcoin so expensive? - page 22.

Thecryptocurrency09

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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 don't think bitcoin is that expensive. I could depend upon the one who is using it if they will choose to make it expensive. Bitcoin could be but it is always a choice. You can gain bitcoin in many ways. You can even have some of it without spending much. All you have to do is to look forward on some of its possible ways through sources like internet.

farhan28

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Though no one can't control bitcoin,bitcoin price is daily increasing & so it is so expensive...Its people interest what makes bitcoin more expensive...People invest in bitcoin & they hold big amount...This is one of the reason to being expensive..

Hmei777

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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.

many people assume that bitcoin prices are also very influential on buying and selling transactions, I also think so in this case.

Hmei777

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because users are also increasing from time to time, and this is very influential on the price of bitcoin.

bce

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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 the answer is very easy and it is often the answer because bitcoin is a means of investment that the result is very large and tax-free it happens in my country, something that gets big profit of course require big capital also

rickn

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Actually the price varies according to supply and demand. Moreover, as supply is limited, demand will continue to grow and the tendency is for bitcoin to continue to appreciate

TomUyamot

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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 same question that came from the baffled minds of those people from the banks and central government authorities. Why the heck did Bitcoin rise so high despite it being just an online currency that started very private and anonymous? The answer is that Bitcoin is offering a different kind of services. The kind that will puts banks useless to a significant extent. Thus the demand increases so quickly that resulted in the increase of its value.

HunterBTC

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Because of the economic performance of the market, when it first came out Bitcoin did not have any interest and still very cheap, with the passage of time and development that exist in Bitcoin more and more people who know the existence of Bitcoin and more and more who understand the Bitcoin. Therefore, many of those who have bought Bitcoin and more and more demand. That way, more and more enthusiasts or buyers naka increasingly langkan and the more expensive the price of Bitcoin, such as the principle on the sales economy.

topkhai

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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.

Bitcoin is developed w/ idealism that a good currency isn't controlled by government or central bank. This concept appeals many people to start investing their assets. Bitcoin is believed to be a currency and a universal commodity without being affected banking crisis so prices will continue to soar. And this makes bitcoin very expensive until now

BeGoods

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Quote from: coinholder51 on December 24, 2017, 06:18:51 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.

Because it is not only a cryto currency but also a digital asset.It's more advance then fiat currency and also its only 21 mln in total supply.so the more people know the bright future about it the more people buy and hold it.besis on the supply and demand formula its price is increase day by day i think Cheesy

Yeah because the number of bitcoins is limited just 21 million. so that when a lot of people come to use bitcoin and invest in it. it will make bitcoin price keep getting more expensive. because supply will not be proportional to the huge amount of demand. and it makes the future at bitcoin prices to be very expensive. from which it forms the higher bitcoin price

Bryan13

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Because there is so many user of bitcoin now or investor, so the value keep getting higher and higher.

tabas

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Quote from: CoinFoxs on December 24, 2017, 04:23:29 PM

Because of high demand in the market.

And also the fees before making it more expensive but now it looks like the price of fees are calmed down and it's not that expensive anymore. With the price of bitcoin and converting it through fractions making it expensive but it's not like that anymore.

coinholder51

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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.

Because it is not only a cryto currency but also a digital asset.It's more advance then fiat currency and also its only 21 mln in total supply.so the more people know the bright future about it the more people buy and hold it.besis on the supply and demand formula its price is increase day by day i think Cheesy

fer3219

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This is usual in the cryptomarket and we don't be surprised cause we know every step back bitcoin do its a potential skyrocket to the moon, just hold your bitcoin and don't be afraid , don't see the media cause the will say to you bitcoin its a bubble (they keep telling us the same over and over again in the past months )

ShiroThe5th

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it depends on where you country leave. here in our country 1 btc is worth an almost a million. bitcoin are getting more popular so bitcoin are expensive. bitcoin is not expensive it matters where you live.

HoaNguyen

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Currently, the price of Bitcoin is undergoing rapid decrease of the exchange rate, down to 13,000 dollars, I predict this is the temporarily reduced rates due to the Christmas event. Explaining the reasons Bitcoin is always expensive because of the nature of Bitcoin is a crypto limited, finite as other currencies. The current Bitcoin has become popular and a phenomenon in the world, making a lot of people want to own and invest in Bitcoin, Bitcoin exchange rates led to rapidly increasing and becoming very expensive.

CoinFoxs

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Because of high demand in the market.

cryptocollecter55

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frist of all the price of any product depends on it's supply and it's demand.the same thing is happen with bitcoin cause the supply of bitcoin is fixed (21 millions) but the demand of bitcoin incresing day by day.that is the main reason of is bitcoin so expensive.

fistteam

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The price of bitcoin increases or decreases depending on the need to use it. At the increased bitcoin level, the number of known bitcoins increased, and the demand for bitcoin increased. so its price increases.

Cryptoqas

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because its widely accepted and recognized now .. plus 21 millions bitcoins only for a total population of 6 billion.. make it a rare holding

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