Topic: Why bitcoin so expensive? - page 23. (Read 6527 times)
Bitcoin is getting expensive or shall i say it is gaining it’s real value because of growing worldwide popularity,acceptance as well as it’s own characterstics/advantages. The prices are expected to be rising in future as well because market sentiments are positive.
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 simply because of massive trading and pumping due to bitcoin's popularity and demand. The more will go with bitcoin the more it will be expensive Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
It is a completely new thing which has attracted so many investors and when demand increase and there is a low supply the price increases whatever it is. I hope the price gets higher.
With an increase in accessibility and popularity comes an increase in demand, which the current supply of bitcoins can’t seem to keep up with.
I agree with you that the demand and total supply of Bitcoin is unbalanced.Bitcoin is becoming famous and has been accepted in some developed countries and I am sure that by 2018 the price of Bitcoin will continue to rise.
The last year, bitcoin has proven itself. What I tell my friends now, is as long as bitcoin is under $10,000, it's your chance to get in. For those of you think it's too expensive, if you look in the rearview mirror, bitcoin has gone up 10x in the last year
Just buy, i dont care about the price, everytime that i have some money ready to invest i try to buy as much as i can. The price i decided by people, just supply and demand, nothing more than this.
this is simple actually supply demand issue
With an increase in accessibility and popularity comes an increase in demand, which the current supply of bitcoins can’t seem to keep up with.
High price - it is always happening with the thing, that has limited offer and high demand. And in some time the demand will grow up more. So you will regret that didnt buy today, because today is it still not so expensive.
Because bitcoin's price is based on the Law of Supply and Demand. It has a limited supply so when the demands increases, the tendency is it will increase on its price. So when many people buy Bitcoins, it increases its price.
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.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
People getting expensive maybe because they want to promote bitcoin to be the currency to all the world. And to become bitcoin is powerful to all the world.And also l think for us to live in a cashless society. Many people will accept bitcoin as a world financial solution to its nations.
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 what it is today because of the internet. It is getting some attentions to some big investors to actually try and risk some of their money. And they also helped the community of bitcoin. They have the right to manipulate the price depending on their net worth or like the value at hand. Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
There could be multiple analytic reasons for the sudden increase of the BTC value in the market today. A few that I can think of are:
1. Initially the price was not that high. However, with the march of time many developed country like Japan, USA and UK etc. started using bitcoin in their payment system. This led to big multinational companies, like Amazon, started using bitcoin. These things started boosting up its price at international market. Many large investors started investing their money which made BTC increasingly popular.
2. A few other reasons that has added to its popularity are:
a. Low transaction cost in comparison to wire transfer
b. Less background checks, ID checks, credit checks and overall regulation, since Crypto currency is decentralized and deregulated.
c. Best long term performance in comparison to inflation of any currency or asset.
3. With the increase of popularity of BTC at the international level, led to the increase in it’s “demand”. However, at the level of Crypto-currency it was still facing severe lacunae in its level of “supply”. Hence, according the economic law of “Demand and Supply”, with limited supply the higher the demand the higher the price.
Hence, the sudden stooping skyrocket in its price.
Yes bitcoin is so expensive than other currency and it will convert in cash that will double in thousands because bitcoin is digital currency and everybody want to join this forum to earn money and also they invest their money for big profit, that's why bitcoin is very expensive currency. 1. Initially the price was not that high. However, with the march of time many developed country like Japan, USA and UK etc. started using bitcoin in their payment system. This led to big multinational companies, like Amazon, started using bitcoin. These things started boosting up its price at international market. Many large investors started investing their money which made BTC increasingly popular.
2. A few other reasons that has added to its popularity are:
a. Low transaction cost in comparison to wire transfer
b. Less background checks, ID checks, credit checks and overall regulation, since Crypto currency is decentralized and deregulated.
c. Best long term performance in comparison to inflation of any currency or asset.
3. With the increase of popularity of BTC at the international level, led to the increase in it’s “demand”. However, at the level of Crypto-currency it was still facing severe lacunae in its level of “supply”. Hence, according the economic law of “Demand and Supply”, with limited supply the higher the demand the higher the price.
Hence, the sudden stooping skyrocket in its price.
First, the amount of bitcoins must be
Second, bitcoin is recognized by many countries
Third, the bulk of speculators' purchases and the purchase of financial institutions
These factors have led to the high price of bitcoin,
Second, bitcoin is recognized by many countries
Third, the bulk of speculators' purchases and the purchase of financial institutions
These factors have led to the high price of bitcoin,
but also the excitement that arose around the crypto currency
There could be multiple analytic reasons for the sudden increase of the BTC value in the market today. A few that I can think of are:
1. Initially the price was not that high. However, with the march of time many developed country like Japan, USA and UK etc. started using bitcoin in their payment system. This led to big multinational companies, like Amazon, started using bitcoin. These things started boosting up its price at international market. Many large investors started investing their money which made BTC increasingly popular.
2. A few other reasons that has added to its popularity are:
a. Low transaction cost in comparison to wire transfer
b. Less background checks, ID checks, credit checks and overall regulation, since Crypto currency is decentralized and deregulated.
c. Best long term performance in comparison to inflation of any currency or asset.
3. With the increase of popularity of BTC at the international level, led to the increase in it’s “demand”. However, at the level of Crypto-currency it was still facing severe lacunae in its level of “supply”. Hence, according the economic law of “Demand and Supply”, with limited supply the higher the demand the higher the price.
Hence, the sudden stooping skyrocket in its price.
1. Initially the price was not that high. However, with the march of time many developed country like Japan, USA and UK etc. started using bitcoin in their payment system. This led to big multinational companies, like Amazon, started using bitcoin. These things started boosting up its price at international market. Many large investors started investing their money which made BTC increasingly popular.
2. A few other reasons that has added to its popularity are:
a. Low transaction cost in comparison to wire transfer
b. Less background checks, ID checks, credit checks and overall regulation, since Crypto currency is decentralized and deregulated.
c. Best long term performance in comparison to inflation of any currency or asset.
3. With the increase of popularity of BTC at the international level, led to the increase in it’s “demand”. However, at the level of Crypto-currency it was still facing severe lacunae in its level of “supply”. Hence, according the economic law of “Demand and Supply”, with limited supply the higher the demand the higher the price.
Hence, the sudden stooping skyrocket in its price.
Why do you think that bitcoin is expensive, why do not buy Bitcoin at the moment, Bitcoin price is $ 12,500, which I think is suitable for buying. It seems possible to fall back to the level of 10k dollars again. But doing part-time buying makes more sense in this case.
because people seem to think it's worth that value and are willing to buy it at that rate. expensive is your subjective opinion that's all.
The price of bitcoin is driven by market demand. It is very volatile. You should be aware that the price may rise or fall at any time.
Its because of the high demand in the market, so that some people is wait for price to become decrease. Also when the price goes up the value is also up so, even its expensive many people is still buying to bitcoin. 
As we know the price of bitcoin become higher and higher. The price is not just happen like that without a reason. The increase of users, demand and popularity can be also the reason of the expensive of bitcoin price.
Demand and more and more investors are putting their money in bitcoin is the factor that makes bitcoin more expensive nowadays especially if bitcoin will experience hardfork
As we know the price of bitcoin become higher and higher. The price is not just happen like that without a reason. The increase of users, demand and popularity can be also the reason of the expensive of bitcoin price.
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