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Topic: Why bitcoin so expensive? - page 28. (Read 6512 times)

sr. member
Activity: 1914
Merit: 328
December 11, 2017, 08:45:19 AM
Because btc is limited supply in unlimited and unstoppable growth and demand of the people.
Simple reason and beautifully briefed here. Yes it is all the about the game of supply and demand. Bitcoins are limited, although that is very big number but still if you compare that number of 21 million with 7 trillion and even more than this, definitely that is a problem. So demand is much more while supply is limited so prices are getting high because of shortage of bitcoins in market.
full member
Activity: 1176
Merit: 100
The OGz Club
December 10, 2017, 05:20:29 AM
Bitcoin is so expensive because bitcoin demand is higher than production. So many people use bitcoin now in many ways. So many people started trust on bitcoin. Some countries started legal bitcoin in their country. So the price of bitcoin is so much expensive.
newbie
Activity: 52
Merit: 0
December 10, 2017, 03:46:59 AM
why bitcoin is so expensive ? its because the demand of bitcoin is very high when the supply low the price will be skyrocketing its basic economy btw
full member
Activity: 504
Merit: 100
December 10, 2017, 03:46:55 AM
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 very expensive because bitcoin is a new digital currency and is in use for the future because bitcoin does not need to use paper or is often called a reduction in paper usage, and not only that, very high bitcoin demand and bitcoin gain is very difficult also be triggers overcharged bitcoin prices.
full member
Activity: 147
Merit: 100
December 10, 2017, 03:40:06 AM
Bitcoin is so expensive because of high demand. People are now buying bitcoin for investment thats why unconfirmed transaction is huge right now
FRJ
member
Activity: 280
Merit: 15
The Worlds Most Advanced Distributed Computer
December 10, 2017, 03:38:29 AM
Bitcoin is so expensive for many reasons.

Firstly,the number of bitcoin in this world is not many.It's a kind of limited.It can be compared with gold.As the number of gold is not many,so it's so precious.Bitcoin is just like so.

Another point is the buyers of bitcoin is increasing gradually and the supply of bitcoin is always less tgan the demand.So,the price of bitcoin is rising fast.

Actually,the popularity of bitcoin made it so expensive.
newbie
Activity: 31
Merit: 0
December 10, 2017, 02:45:02 AM
Simple answer, 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 21 million which really isn't much. Also, any coin that has increased usage and little supply will always have increased price...  Smiley
member
Activity: 108
Merit: 10
December 09, 2017, 07:19:53 PM
Basically, Bitcoin is a limited currency full of potential. More and more people are starting to see the potential and the demand for it increases, which is reflected by the price. The rarer the piece, the higher the value.
sr. member
Activity: 854
Merit: 281
December 09, 2017, 06:53:48 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's as simple as supply and demand. Global demand is growing exponentially whereas bitcoin is designed to be scarce and is expensive to mine. We are at the beginning of a cryptocurrency revolution and bitcoin is the first one ever created.
sr. member
Activity: 422
Merit: 250
December 09, 2017, 06:52:41 PM
Bitcoin is extremely expensive now because people are starting to see the future potential value of it for the first time on a global scale and this wave a new money flowing in is what is boosting the price to heights we have never previously seen before.
newbie
Activity: 32
Merit: 0
December 09, 2017, 06:52:13 PM
Its because the bitcoin is the global currency and has many users and investors
also high demand, low supply,so the price increase unlimited
I think that it is the main reason why Bitcoin price keep on rising
member
Activity: 210
Merit: 15
December 09, 2017, 06:51:49 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 of the growing popularity of bitcoin, more and more investors are coming in. More investors would mean more demands and more demands would mean an increase in prices
full member
Activity: 126
Merit: 100
December 09, 2017, 06:44:10 PM
Bitcoin is expensive because its a new and exciting technology with the potential to disrupt a very important part of today's society: the economic model. If we keep headed the right path, some changes are going to be made with the way we see the world in less than a decade (most probably).
full member
Activity: 308
Merit: 100
December 09, 2017, 06:42:40 PM
when there are too much demands for an asset it will automatically increase in price and when its supply is limited it gets value even more, thats why btc is expensive now
hero member
Activity: 798
Merit: 500
December 09, 2017, 06:40:06 PM
It is maybe a Psychology. When investors can earn profit from Bitcoin easily, many people will buy with any price. This leads to going up of Bitcoin
You are right that there are so many factors that become Bitcoin so expensive. The factors are demand of Bitcoin is increasing and popularity graph is too high. People are looks too much busy on trading on Bitcoin. These factors are affected Bitcoin very positively and makes Bitcoin the king of crypto currency. Many countries are legalized Bitcoin and use Bitcoin as payment. Many sites are accepted Bitcoin for payment method. Everyone is in a hurry to become the part of Bitcoin and make their life style in the better manner.
newbie
Activity: 101
Merit: 0
December 07, 2017, 02:08:51 AM
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.
BTC's expensive because many and many people want to have it tim by time but BTC has a limit quantity
full member
Activity: 409
Merit: 100
December 07, 2017, 01:24:39 AM
Bitcoin is so expensive because it is one of a good crypto currency that most popular in many country, so i think it is one of some reason why bitcoin is so expensive. almost every day the price of bitcoin is changes and always increased.
hero member
Activity: 882
Merit: 500
December 07, 2017, 01:01:56 AM
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.
Actually the increasing price of the bitcoin resulting into attraction for the investors in the bitcoin and that is increasing the demand more and more and that is increasing the price of the bitcoin .
Here another two reason are whichbarr responsible for the increase in the price of the bitcoin , first reason is the fork that are happening in the bitcoin technology and we are getting free coins against the same amount of the bitcoin that we have in our Wallet , that is free amount of the money that we are making .
And another reason is that the mining of the bitcoin is getting tough , so supply of the bitcoin is going down day by day and demand is increasing accordingly , so this is usual thing for any field where we can see future of things clearly.
full member
Activity: 365
Merit: 108
December 06, 2017, 12:09:26 PM
Bitcoin is so expensive beacause it's the first cryptocurrency and more trustable than any other cryptocurrency.And i think in last three months it's price increased too much beacause of it's demand and popularity increasing too much everyday And the supply of btc is controlled.And nowdays you can easily buy and sell many things so the price become so expensive.
jr. member
Activity: 51
Merit: 10
December 06, 2017, 11:56:35 AM
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/supply is control bitcoin (make it expensive or cheap ) .

at 2017 bitcoin get huge demand and a few supply (expensive)
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