Why bitcoin so expensive? - page 26.

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Quote from: happyme1818 on December 20, 2017, 06:43:27 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.

It is expensive because it has a limited supply of 21M coin that will ever be mined. One of the reason why it is expensive is it has a big demand but only limited supply in the market.

In my opinion, altcoin also contributes to the high bitcoin price because everyone will start comparing prices and it turns bitcoin into an exchange center, the price of each brand will be connected and resulting in both coins will be expensive, this applies to all crypto currencies without exception.

happyme1818

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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.

It is expensive because it has a limited supply of 21M coin that will ever be mined. One of the reason why it is expensive is it has a big demand but only limited supply in the market.

mayidid

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The high demand for market prices is certainly a major factor bitcoin can be expensive and many investors who can go into it to be able to invest in bitcoin. on the other hand increasing the number of bitcoin holders could be the cause of the high price of bitcoin because it could have an effect on the growth of market demand.

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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 it is because of the people who are using is rapidly increasing, so bitcoin's price is increasing too. This year, the number of people who are using bitcoin suddenly increased so the users became surprised when bitcoin's price had increased. This currency is technology-driven; you cannot use it when you don't have internet connection and I think that's one factor why it is needed to know nowadays.

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Quote from: Kersh768 on December 20, 2017, 06:06:55 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.

It became more in demand this year which made it not that surprising to know that its market value grew as this expensive. But still, investing into it at this price will yield to huge profit since it is expected to be more exoensive in the future. The growth on its market price is continuous so don't hesitate to invest.

Well, bitcoin has gone through a lot of difficult things to achieve this high price. Bitcoin prices are highly dependent on demand and supply in the market. Higher public confidence has also led to price increases, so many new investors are starting to use bitcoin.

captainplauze

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because of demand and demand and demand. how many people want something is what gives it the 'value'

MWesterweele

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I think it is so expensive because somebody is need it.

It is because of growing demand of people so the supply of bitcoin is not enough, then the price is now expensive but even it much higher in price there are still many who using bitcoin because its value is also increase. Also people would not mind if its expensive because they know its worth it because it means many people is into bitcoin.

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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.

Indeed. Bitcoin nowadays was really too expensive and the same thing applies in my own experience that the equivalent value of bitcoin price right now in our country's currency when converted was really too big and expensive and that was an awesome thing to experience such thing that after you have worked so hard earning bitcoin, you can gain an income in terms of bitcoin that has an equivalent value in your national currency which is too big for an income. This was a result to the continuous rise of the demand in the market that is why Bitcoin's price is continuously rising also.

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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.

It became more in demand this year which made it not that surprising to know that its market value grew as this expensive. But still, investing into it at this price will yield to huge profit since it is expected to be more exoensive in the future. The growth on its market price is continuous so don't hesitate to invest.

didik12

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Bitcoin so expensive because of the digital currency they had time that the price is so high so when reached the high price of btc and when i convert it to my own currency it is become a expensive.

hlpa

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I think it is because the number of bitcoin in this world is limited.
And the buyers of bitcoin is increasing and the supply of bitcoin is always less than the demand.
People speculate of bitcoin price and traders buy and sell every day,And bitcoint is the most famous coin.

bitcoinveda

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Bitcoin is so expensive because of limited supply and huge demand and people acceptance price keep increases high and high

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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.

you're lucky if at least the minimum part of it is kept in your wallet)) you will be a respected person in your country

amin1372

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I think it is so expensive because somebody is need it.

It seems people make it so expensive and it's not related just to one person

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Quote from: lucas.zimmer on December 20, 2017, 01:53:45 PM

Quote from: aleksej996 on September 25, 2017, 08:42:34 PM

It makes no sense to call Bitcoin expensive, it is like calling dollars expensive. You know you can just by a fraction of it? You can buy down to 1/100 millionth of a Bitcoin. This is called a satoshi, after the inventor of Bitcoin. Think of a satoshi as the cryptocurrency and a Bitcoin just as a word for 100 million satoshis. Now it isn't really expensive is it? It is too cheep even.

All the bitcoins in the world cost billions of dollars, is that what you mean by expensive? If that is the case, then take a notice that the amount of money in the world is easily in trillions. That makes Bitcoin an insignificant part of it and it is technologically far superior to fiat currency.

Expensive-cheap concept is pretty much relative like hot-cold. Everything's value is identified how much demand there is for it. If there is more demand then price increases and the people who wants that doesn't call expensive.

Because of reach of bitcoin is unbelievable in all countries people in the world trust bitcoin very much like their own currencies that's why bitcoin is so expensive when comparing to other currencies in the world.

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Quote from: aleksej996 on September 25, 2017, 08:42:34 PM

It makes no sense to call Bitcoin expensive, it is like calling dollars expensive. You know you can just by a fraction of it? You can buy down to 1/100 millionth of a Bitcoin. This is called a satoshi, after the inventor of Bitcoin. Think of a satoshi as the cryptocurrency and a Bitcoin just as a word for 100 million satoshis. Now it isn't really expensive is it? It is too cheep even.

All the bitcoins in the world cost billions of dollars, is that what you mean by expensive? If that is the case, then take a notice that the amount of money in the world is easily in trillions. That makes Bitcoin an insignificant part of it and it is technologically far superior to fiat currency.

Expensive-cheap concept is pretty much relative like hot-cold. Everything's value is identified how much demand there is for it. If there is more demand then price increases and the people who wants that doesn't call expensive.

rudox

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Bitcoin is costly because of the high demand which is caused by the worldwide acceptance of bitcoin for business transactions and to procure services and pay for goods.

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The development of the times and interests of investors is very high that makes bitcoin higher than the real money,,
And World market demand to use bitcoin as a means of payment of current currency substitutes is very high..

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As bitcoin is on a correction now, do you think it is still expensive?

To take it seriously, bitcoin is expensive in some countries because of the demand that it gets and for rich countries or first world countries bitcoin is still not that too expensive.

It depends on where you live and definition of what is expensive and cheap.

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Quote from: Dani33 on December 20, 2017, 01:13:43 PM

Bitcoin is so expensive because the number is limited then there is much demand for the profit that could bring in long term, further because is the most popular crypto currency

That is the answer, demand! Supply & Demand is the essential of any market available now and then. If price is rising it means that demand is rising. If price is dropping it means there is less demand and more fear. Not just crypto market, all the other markets work in the same way.

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