Why bitcoin so expensive? - page 3. | Bitcointalksearch.org

msrandom90

newbie

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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.

Bitcoin is expensive for a variety of reasons, and I think the supply and demand of Bitcoin are very high in the investment market as well as its price. Bitcoin can be said to be very expensive due to its high price. Looking for it, but to get some Bitcoin is not easy when there are many people are also involved in search

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

Quote from: Sean25pogi on January 22, 2018, 10:33:07 AM

For now bitcoin is so expensive because bitcoin is so in demand and many people uses it and investing in it that's why the price of bitcoin always increases and it will continue to rise and be super expensive.

It’s not “in demand” anymore than shares of stock are in demand. It’s being played by traders which are using it to turn a quick profit.

Sean25pogi

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For now bitcoin is so expensive because bitcoin is so in demand and many people uses it and investing in it that's why the price of bitcoin always increases and it will continue to rise and be super expensive.

xiaozhang11

newbie

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First, the number of bitcoins is certain, and there are fewer and fewer of them.
Second, the cost of digging up bitcoin is getting higher and higher.
Bitcoin is the king of all cryptographic currencies, and its status is expensive.

trickyriky

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Quote from: giogio0504 on January 16, 2018, 02:41:12 AM

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.

Interesting point of view, never though about this. no it really seems not very expensive Shocked

For the modern period of time Bitcoin is going down. Its price wouldn’t rise in a near future I suppose. At the same time we should have in mind that it is better hold bitcoins because it's price start to grow again.

Tron

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Quote from: ?? on ??

First time I discovered Bitcoin, it was priced at around $3000. I thought it was expensive then, but look at it now.. I guess this is because of high demand and low supply.

I bet you're happy that you invested.

Tron

full member

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because it's worth that much.

Wolf of Btrex

member

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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

kamotharnn

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Quote from: CARrency on January 19, 2018, 07:43:36 AM

Quote from: newb-dev on January 19, 2018, 07:40:27 AM

Bitcoin is not expensive. It's just a great thing for the future. Bitcoin is the next power

I think bitcoin is pretty expensive. When bitcoin was firstly released, it is cheaper and you can buy a lot of it using a dollar. But right now it is at 5 digit price which is more than 10 thousands away from it's first price. Bitcoin may be the first but for me, bitcoin is just the original digital currency there are a lot of digital currency that is better than bitcoin but bitcoin is the expensive one so it is the most popular one.

Bitcoin is expensive because so many people invest it. It helpfully contribute to increase Bitcoin's price. Bitcoin is on the way to grow up stronger. It's mean there are more people will approach Bitcoin. The price of Bitcoin will continue going up higher. That's why Bitcoin is so expensive and valuable. Many people want to have even 1 Bitcoin.

zitbau

jr. member

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We can see that bitcoin prices are increasing and high value ... that is a big investment. It attracts a large amount of capital from investors poured into it. And it also practiced real life. Many people buy it for storage. I think that's why it's so expensive

cryptorampage

jr. member

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Agreed Bitcoin is very expensive but why thats the question , its because the high demand of its , Whenever the quantity of bitcoin will be lower than the demand , the price will be stated to rise . Thats why the price of bitcoin is higher now in a simple sense.

Photographer

member

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Bitcoin is so expensive because the supply is limited, many coins have been lost (people have lost the keys), whales don't sell, and everybody buys thinking this will male them rich.

Wishywashy

newbie

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I admit that Bitcoin is expensive, but if we take a look at the reason behind it, we would understand that it's because of sheer demand and less supply. Therefore Bitcoin is very much sought after and makes it a good investment or asset to hold.

jmpelon18

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Like stocks, there are a million different factors that could impact Bitcoin’s price. For instance, popular cryptocurrency exchange Bitfinex is having trouble moving money from its Taiwanese based bank. Experts actually believe this is causing the cryptocurrency to increase in value instead of drop. This and many other related news items contribute to the rapid change in Bitcoin’s price.

MacRohard

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because it is the only way to move your asset to another country. bitcoin can do it easily

bbjay

jr. member

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Bitcoin is so expensive because it is unique, father of cryptocurrency, acceptable almost all the countries of the world etc.

Qartersa

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Well there are clearly multifarious reasons why Bitcoin reached the value that it has today. Of course, it started to be so cheap until it blossomed in its year of glory in the late quarter of 2017. You know, I still believe it is the demand that influences the price of Bitcoin. With the number of people who want to venture into investments that give good margins to beginners, Bitcoin comes in mind first. Bitcoin certainly offers a lot of privileges to humankind. One of the many perks is that your money grows without getting robbed by governments through onerous taxation schemes. You may also include in the list that you can earn without leaving the comfort of your homes, being always present in your family gatherings, and so many to mention.

Ains_sama

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bitcoin is universal, but not everyone has bitcoin, bitcoin becomes valuable because it has a limited amount, has a better security system than the bank. and very fast transactions as crypto currency. what causes expensive and valuable bitcoins.? probably because of the inflation rate of the United States, the trade situation in China, and the global political uncertainty. so many are moving to bitcoin.

swsw098222

member

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bitcoin is the world most popular cryto currency.it is getting popular day by day.it has great market value and usage to people.as bitcoin has huge market value and usage,it is a bit expensive to buy.

Wolf of Btrex

member

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Because it has high demand.It is the global currency.Bitcoin continues to grow up and being known many people are getting interested.Many people financially independent because of this.It's price will increase unlimited. As days pass by more and more users are coming into the bitcoin network.

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