Why bitcoin so expensive? - page 24.

iamlds08

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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.

cryptocurrencies or digital money is the new thing now.
we have been if paper money for a long time. it is high time to upgrade and to catch up to the fast pacing society.

Colt81

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Quote from: staceyoh on September 26, 2017, 09:34:36 AM

I think it is because of the many
users and investors in bitcoin.

There is lots of investors now in bitcoin and lots of followers and user. In bitcoin you have a chances to earn in high profit. The demand and popularity all over the world now know bitcoin.

wallstone

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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.

As of now the price of bitcoin become more expensive than before and there are lot of reasons why it so become expensive. Furthermore, the fluctuation of supply and demand of bitcoin is the main reason why it is so expensive. If the price of bitcoin become expensive it may lead to a high income.

violette27

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Because the demand is getting higher and bitcoin is getting so powerful. And that is why many people, investors and miners are really attracted on investing it.

Ochakemaput

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terra-credit.com

bitcoin is very expensive because of high demand and limited suply, many buy bitcoin all over the country, but bitcoin supply is not much, then bitcoin has some projects that can attract buyers, have a good future, so naturally if enthusiasts bitcoin it's a lot and the price is also so very expensive

adzino

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www.Crypto.Games: Multiple coins, multiple games

If you meant why the price if bitcoin versus dollar is very high, then you answer is demand. As people more people are now interested in buying bitcoin, it has created a high demand. With the increase of demand, the price also increases.
If you mean the fee is very high, this is due to network congestion. Higher fee will give you higher priority.

Toha2013

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Because, due to high demand and low supply, its prices are increasing. thatswhy bitcoin is so expensive

Topaz72

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Quote from: Rrtt on December 21, 2017, 09:47:43 PM

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.

bitcoin is going expansive just because of its demand around the world a lot of people are joining bitcoin and some of them countries have make bitcoin legal recently there are some banks which also accept bitcoin and bitcoin will reached to some countries next year which will increased its price more high so when demand of high so its price will also go high and as a result bitcoin become very expansive so and every one want to see its price high.

rivercorei

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The reason behind why bitcoin have a high market value is many people are engaged of using their services.
because there are so many interest on it, The supply is decreasing and more and more demand is increasing day by day that's why the value is keep on increasing and we should hold our coins longer so we can get more profit in the future.

yashjaat

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“SmokeTooMuch” offered to sell 10,000 bitcoins for $50. No one took them up on their offer. At the time, Bitcoin was worth almost nothing for more than a year. No markets existed to exchange bitcoins. Few people actually knew about or used the cryptocurrency. Bitcoin existed as little more than a really cool idea and nothing more.

Around May and June of the same year, the cryptocurrency became worth around 1 U.S. cent. As more people learned about the technology behind cryptocurrencies, Bitcoin’s value grew until it was worth one U.S. dollar in Spring of 2011.

dotts

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Everyday more people learned about bitcoin trough campain, social media and bounty and because of this more people are interested in BTC and the potential to get profit from it. This is the very reason why BTC price today is so expensive.

KeithBeeCham

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Marketplace for sensor data

Currently, Bitcoin prices are falling rapidly, at the rate of Bitcoin currently stands at 13,000 dollars, the lowest in the last 1 month. So you question why Bitcoin expensive so I think at the present time, Bitcoin is gradually losing its inherent value. Bitcoin is a crypto limited, there are many buyers and holding it so its price always increased so that the price of Bitcoin new like always expensive. Huh

Yousint0r

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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.

Demand make bitcoin expensive, No bank deals make bitcoin expensive blockchain will make bitcoin most expensive coin ever.
altcoin is other version of bitcoin make bitcoin expensive.

moli1

full member

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The price of bitcoin is down more than %25 from an all-time high of nearly $20K reached this past weekend market data shows.
Prices fell to as low as $14,502 to start today's trading session, according to CoinDesk's Bitcoin Price Index (BPI),
about 27 percent from the all-time high of $19,783 reported on Dec. 17.
Overall, bitcoin has seen several notable price drops following Sunday's gains,
including a dip below $17,000 on Tuesday that accounted for a roughly $1,800 drop on the day.
Indeed, analysts have suggested that the price could experience continued volatility as 2017 comes to a close and new money,
brought in by bitcoin's meteoric gains, exits for fiat. Get well Soon Bitcoin!

levvv

member

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Because Bitcoin is limited and doesnt have a big supplies, and has a big demand.
Therefore you can buy bitcoin at fractions too.

AlaitisalKhayr

newbie

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Many investors are buy bitcoin. Their money is in form of bitcoin, bitcoin is just like goods but its virtual so they will not sell their goods in lower price, logically. There are more investor that also want to buy bitcoin, it make s the demand increase.

Rrtt

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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.

Dapper

sr. member

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It's certainly less expensive now. What a dip!

Wink

prieaji

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depending on the money it will sell, bitcoin is really great to serve as an investment so you can see the more expensive potential income you can get in bitcoin, you try to do and will see his hansil that dioeruntukan on the investment you do to buy, it's up how many of you will be willing to buy it.

TheReverseTrader

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Quote from: shimbark123 on September 25, 2017, 10:30:43 PM

It was once so low 2009 I think. Its price was only .2 usd. Imagine .2 usd for 4000 usd? That's how this cryptocurrency can go. It can go to the moon. Probably this cryptocurrency will reach 10000 usd in the near future. Just wait guys.

''Near future'' only 3 months has passed and we went to 20k usd. I think you didn't see that coming so fast Grin

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