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Topic: Why bitcoin so expensive? - page 33. (Read 6500 times)

member
Activity: 144
Merit: 15
November 20, 2017, 07:03:05 AM
It relies upon the cash, yet as a decent point to that will be that bitcoin is truly an awesome to contribute with as should be obvious the more it end up plainly costly the more potential profit you could have, on the off chance that you truly have the guts to contribute at that point attempt somewhat a few and you would see the result, it isn't essential the amount you will get it is dependent upon you the amount you are ready.
jr. member
Activity: 56
Merit: 2
November 20, 2017, 07:02:22 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.

This is because of the craze of Bitcoin among the users and investors. This is one of the reasons for the increase in the demands of the Bitcoin. And it will continue to grow.
sr. member
Activity: 812
Merit: 251
November 20, 2017, 06:57:57 AM
I would say its supply/demand economics plus some whales here and there. With a 21 million supply, supply/demand will always be a problem, 7 billion people vs 21 million full bitcoins, makes sense to own at least one while you can. I prefer to buy the coins over mining even.

Not counting all the bitcoin to which the keys have been lost.

Well that's because mining has gone out of your league, gone were the days when you could mine 1000 bitcoins with a laptop and i wouldn't have bought them if i could do that now and  so it s understandable where you are coming from but  for me if ui had the means i will rather set up a mine and mine them rather than buy one coin  for 8k$.
newbie
Activity: 11
Merit: 0
November 20, 2017, 06:55:43 AM
I reckon it has something to do with the limited supply bitcoin, it is getting more difficult to mine.
member
Activity: 112
Merit: 10
November 20, 2017, 06:53:38 AM
i guess the reason why bitcoin is expensive because of the people who buy it and invest on it, the more people investing on bitcoin the higher of value it will become. also bitcoin is the new calculation of money in higher value, acquiring 1BTC is not so easy unless you have many miner so bitcoin is expensive because of how you get it. its like in gold, it has a high value yet so rare to find and not easy to mine. thats why its expensive.
newbie
Activity: 119
Merit: 0
November 20, 2017, 06:48:55 AM
It depends on the currency, but very good for it is that bitcoin is really amazing to invest because you can see the more expensive potential income you can get, if you really have the will to invest, try a few some and you'll see the result, no need how much you will buy it is up to you how much you can afford.
sr. member
Activity: 364
Merit: 250
November 20, 2017, 06:45:33 AM
I would say its supply/demand economics plus some whales here and there. With a 21 million supply, supply/demand will always be a problem, 7 billion people vs 21 million full bitcoins, makes sense to own at least one while you can. I prefer to buy the coins over mining even.

Not counting all the bitcoin to which the keys have been lost.
sr. member
Activity: 658
Merit: 250
November 20, 2017, 06:40:49 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.

It is rather simple. BTC amount is limited - 16 690 300 BTC. Every day amount of people who want to buy BTC increases. So more people buy BTC more BTC price.
member
Activity: 364
Merit: 13
November 20, 2017, 06:33:14 AM
because bitcoin has many demand than others that's why bitcoin is too expensive. Many investors invest bitcoin.
hero member
Activity: 2702
Merit: 585
Leading Crypto Sports Betting & Casino Platform
November 20, 2017, 06:11:07 AM
For my opinion. Because Bitcoin has limited supply only, 21 million. There are many demands of bitcoins, so if the demand is high then the price is expensive. I just learn that on our subject Economics.
This is indeed one of the major reasons why bitcoin is so expensive. Everyone knows the fact that the supply is very limited and the currency is highly useful. Day by day the market demand of this currency is increasing which is ultimately making it highly expensive.

Moreover it has high potential of producing big profits that too just by holding bitcoin in wallets. We should always buy them when prices are low to be future millionaire.
full member
Activity: 280
Merit: 101
November 18, 2017, 09:38:24 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.

What do you mean bitcoin just cryptocurrency? Bitcoin is very special cryptocurrency which people trust with it.
More people so more demand in market. More demand inflict to bitcoin price increase.
sr. member
Activity: 365
Merit: 250
November 18, 2017, 09:17:15 AM
Bitcoin is expensive this is the due to of the fact that it is the first cryptocurrency in the world. It creates a huge trust in people. They have cheated Bitcoin as a kind of assets like Gold or Dimond. Therefore, Bitcoin price increase day by day.
full member
Activity: 323
Merit: 100
November 18, 2017, 09:02:48 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.

Why bitcoin is so expensive? simple, because if you have an account here in bitcoin you can earned more money by posting. So the bitcoin is so expensive. If you buy any account here in bitcoin the money you spend to buy an account you can earned 2x money on that because the bitcoin is very expensive.
member
Activity: 602
Merit: 12
November 18, 2017, 09:00:33 AM
Because now BTC is popular. It`s future of P2P!
newbie
Activity: 56
Merit: 0
November 18, 2017, 08:59:10 AM
Bitcoin is expensive will depend on its price it will change time to time its price will goes up and down but today bitcoin is very expensive so keep it .
newbie
Activity: 9
Merit: 0
November 18, 2017, 08:45:39 AM
Bitcoin is very expensive,because the demand of bitcoin is very high.bitcoin is good asset and investment for the people.bitcoin is decentralized and it easy for online transactions.bitcoin is popular worldwide,so it is very expensive.
full member
Activity: 476
Merit: 100
November 18, 2017, 08:38:01 AM
Bitcoin very expensive? I think the current news about Bitcoin will answer all your questions.
Bitcoin is very popular and many people are interested and buy Bitcoin.
Many advantages with buying Bitcoin so much demand.
for now this may be the reason why the price of Bitcoin is expensive is because the demand is plentiful and supply is limited.
I don’t think so bitcoin is expansive it’s very easy to buy you just need to do hard work here as I’m doing when I was not a part of bitcoin so I was also thinking that bitcoin price is high but when I take a start so slowly I realized that bitcoin is very easy to buy and now I’m doing investment here so need to just take a start.
hero member
Activity: 2828
Merit: 518
November 17, 2017, 11:22:55 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.
Yeah, in my country too its price is hundred of thousands and I think it is because of the thing that it is indemand to the Bitcoin users and many people are investing to it.

It is totally the exchange from btc to USD and then to our local money. Every country have different value of money which equivalent to USD. With this simple conversion, we can say that bitcoin is very expensive and that is pretty good. Anyway, not good for buyers/investors  but for the seek of bitcoiners it is totally satisfactory level of gaining profit. Getting on higher in demand the more it become vulnerable for price increase, but still we can't ignored that sometimes it goes down and that would be usually happen to bitcoin price.
full member
Activity: 420
Merit: 119
November 17, 2017, 11:21:39 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 expensive simply because a lot of people wanted to have bitcoin because they believed that bitcoin is their ticket to earn more money. Due to the big demand on bitcoin, The price of it became more expensive. Because bitcoin only has a limited stock.
member
Activity: 299
Merit: 11
November 17, 2017, 11:17:33 AM
It's the rule of supply and demand. So many people wanted to buy bitcoins but we only have limited supply and people wanted to hold instead of selling in the market. That's why the price increases so people would be willing to let go of their bitcoins.
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