Topic: Why bitcoin so expensive? - page 32. (Read 6513 times)
As more and more people want bitcoin its price grows with it. The way things are going with bitcoin soon you would not need a full bitcoin to be relatively well off with it.
Bitcoin is expensive due to global adoption and increase in demand of bitcoin makes it expensive in the crypto market. In US most of the universities started accepting bitcoins as a mode of payment of fees. As days pass by more and more users are coming into the bitcoin network which is also a good factor to increase the value of bitcoin. (paraphrase) i agree about what he said.
This is completely based on the growth happening with time. If you think of the past, when the internet got invented very few domains were available. Also getting those domains were highly impossible as millions need to be spend. Similarly we are in an time where change is happening from one form to another making it expensive. Still people can afford according to their ability.
Bitcoin is so expansive nowadays because bitcoin has been growing really hard in popularity witch led to more investors and those investors saw potential in bitcoin.
And they all are investing in it to make money and now the value is really high and more people join every day.
I agree with you . In the future, Bitcoin will dominate all markets as Bitcoin is an attractive destination for investors and more recently, securities investors are looking to enter the market. And they all are investing in it to make money and now the value is really high and more people join every day.
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 of its demand and bitcoin becoming more popular in this coming days. bitcoin value is not that expensive in the beginning. remember the guy who bought two pizzas for 10,000 bitcoins?.Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
fiat money is also a paper why does it have a value? because it has a purpose and uses the same also for bitcoin. the difference only is that fiat money is physical and bitcoin is digital.
As the bitcoin user increases, definitely the number of bitcoin that is expensive will also increase. It is just a matter of time that bitcoin became expensive. In what I've read, last month 1BTC is more or less 300,000 PHP (currency in our country), while today it is 423,751.00 PHP
Bitcoin is so expansive nowadays because bitcoin has been growing really hard in popularity witch led to more investors and those investors saw potential in bitcoin.
And they all are investing in it to make money and now the value is really high and more people join every day.
And they all are investing in it to make money and now the value is really high and more people join every day.
I think because there is huge demand for bitcoin now people are willing to buy it even if price reaches all time high because they knows that bitcoin price will always increase and they would get good return if they invest in bitcoin for long term. I think in next few years bitcoins will be more popular than now when people around the world including big companies start investing in it.
Bitcoin is very expensive because it has only a limited number in nature. It is also very popular, the supply are less and demand are very high. This makes people yearning to have lots of bitcoins to earn more more money:)
Technically, the value of bitcoin is unpredictable. It can increase or decrease its value drastically because it is a type of currency that is decentralized.
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.
This explains the law of supply and demand in which if many are selling their bitcoin the price will fall down because it is looks like there are plenty of bitcoin supply but if lot of people want to buy more bitcoin while the bitcoin holders don't want to sell or keep on hoarding their bitcoin this will result to the supply becomes limited making the the price value will rise up.
In March of 2010, an enterprising early Bitcoin adoptee named “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.
Now, Bitcoin is worth roughly $2700. SmokeTooMuch’s $50 offer would be worth $27 million today.BTC The cryptocurrency has seen rises, crashes, and everything in between. Yet in the last month, the cryptocurrency increased by a whopping $600+ in value.
But how did this new currency grow so fast in such a short amount of time.
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.
Now, Bitcoin is worth roughly $2700. SmokeTooMuch’s $50 offer would be worth $27 million today.BTC
The cryptocurrency has seen rises, crashes, and everything in between. Yet in the last month, the cryptocurrency increased by a whopping $600+ in value.But how did this new currency grow so fast in such a short amount of time.
You can find more answer around the internet why Bitcoin is expensive. So why is it expensive? The price of Bitcoin depends on the market, If the demand is high then the price too is high and if the demand is low so as its price. Another reason is that because of its technology, Transfer money anonymously? who doesn't want that right? and its decentralized so you hold your money as long as you want without anyone interfering.
bitcoin is expensive because most people are bitcoin so the price in the market keeps rising, or perhaps because of the impact of bitcoin hardfork, but I read on the news hardfrok bitcoin failed, but strangely many people who still hold the bitcoin.
Bitcoin is the most valuable asset in the world. But the price of Bitcoin is the best marketing strategy. The marketing converted the useless thing into most valuable asset.
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 bitcoin become so expensive and many people still hold their bitcoin because they it will rapidly increase in the future so that they could gain much income. Furthermore, even the price of bitcoin was too expensive you must still buy or invest because having bitcoin is a chance to have better life. Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
Bitcoin is expensive because bitcoin is used by the community too much. In addition, the amount of bitcoin that exists is so small that it creates a bitcoin scarcity that makes its value continue to increase day by day. I think the value of bitcoin will increase in the future.
Every day, there are thousands of people who first hear about BTC and the cheap options around the BTC, so the coin is becoming increasingly popular.
These people go to the BTC because you want to profit from it.
In some countries, there is a very high infaltion or political unrest, then the escape into the BTC is the logical consequence.
Last but not least, the big funds (hedge funds) that are fueling the hunt for quick profits.
This are some reasons why the BTC will be more expensive in the nearly future.
These people go to the BTC because you want to profit from it.
In some countries, there is a very high infaltion or political unrest, then the escape into the BTC is the logical consequence.
Last but not least, the big funds (hedge funds) that are fueling the hunt for quick profits.
This are some reasons why the BTC will be more expensive in the nearly future.
Because now BTC is popular. It`s future of P2P!
Bitcoin become expensive because of its limited in supply and its demand is increasing everyday. Although is expensive there much more who willing to buy or to use bitcoin because they know they can be able to get much profit from it.
Just be glad you don't live in Zimbabwe - over there it was trading at almost twice the accepted worldwide price. https://cointelegraph.com/news/bitcoin-demand-surges-in-zimbabwe-following-successful-coup.
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