Why bitcoin so expensive? - page 35.

qwertyup23

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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.

Bitcoin is expensive due to a number of factors, namely:

1. Its decentralized nature makes it the perfect payment for anonymity purposes;
2. The high volatility due to a number of investors increasing and individuals cashing-out their bitcoins;
3. No government agency can ever regulate it, thus tax imposition is impossible; and
4. The demand and supply dictates its price in the market.

Bitcoin's reputation has been steadily increasing throughout the years. Way back, if you invested 100$ before and you kept it till now, then you have around $70 million right now if you did not spend it. Lastly, since bitcoin has been popular nowadays, many investors are risking, resulting to a pump in the price.

Bowly88

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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.

Bitcoins are tpo much expensive because of the demands of it. Why do you think a shoe or any clothing brand is expensive, it is because of the quality and reliability that they can give the demands are also high. Have not you tackle the supply and demand thing in economics class. The higher the demand the higher the price because people want it so no matter how high the price it will be the people will still buying it. Itnis kind of marketing strategies for those businessmesn but this this is generated in the computer so every buy that made bitcoins will rise.

fredo123

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Bitcoins are expensive because the demand are so high and stocks are limited , The more people will invest in bitcoin, the more the value surges up, One main reason why people wants to invest btc because easy money, Bitcoin is always in the mainstream usually in the front page of social sites, It becomes popular globally. It will indulges everybody to join in investing btc:)

cheesyspoils

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This is because Bitcoin and other cryptocurrencies are used as assets and not the way they are supposed to be used.

iamzill

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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.

there is no expensive word for my person because something that can generate bigger profits to buy certainly it is not expensive to buy it if I think I think if you say expensive it would be you are afraid to invest

MMA

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Quote from: Jose21 on November 16, 2017, 06:39:24 PM

Bitcoin is so expensive because of its limited currency. It is also the most in demand cryptocurrency all around the world. Bitcoin has many investors and holders so its price is getting higher and higher that it was before. It is also used in buying altcoins and the more users buy the altcoins the more holders of bitcoin will become.

I think that the main reason can be that the demand of bitcoin is increasing from time to time which is making bitcoin more expensive. The increasing demand of bitcoin is decreasing the supply which is causing the increasing price of bitcoin. In fact people want to invest money in bitcoin as now they consider bitcoin as a good and safe investment therefore they are even ready to purchase bitcoin as high price.

Jose21

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Bitcoin is so expensive because of its limited currency. It is also the most in demand cryptocurrency all around the world. Bitcoin has many investors and holders so its price is getting higher and higher that it was before. It is also used in buying altcoins and the more users buy the altcoins the more holders of bitcoin will become.

UchihaRukawa

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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 demand of supply, bitcoin has only around millions in number, and the demand of bitcoin in the market is increasing very ralidly. As we know, whenever a demend of supply is increasing,mthe price of that supply is increasing as well, and since bitcoin cant be made again, as it has a limited number only, makes it price increase even more.

Bagaji

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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.

Bitcoin is so expensive because of the fources of demand of Bitcoin and supply of Bitcoin. The number of Bitcoin users in the world are increasing on a daily basis and that courses the value of Bitcoin to be increasing. The higher the demand for Bitcoin, the higher or the its value will increase.

PranDoW

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Quote from: Zarbout on November 16, 2017, 05:41:43 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.

Bitcoin price is related only to demand and offer law. Bitcoin is expensive now because the supply is limited and the community is growing.

Exactly. If everything goes on like this, then very soon we will be able to see bitcoin with a mark of 10000.
And generally for unloading bitcoin invented forks, but they do not really cope with this task.

Zarbout

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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.

Bitcoin price is related only to demand and offer law. Bitcoin is expensive now because the supply is limited and the community is growing.

Adrazan

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It's because so many countries are embracing it

coachhip

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People give bitcoin value, its value comes from people buying it and selling it too. Since its hard to mine bitcoin, the value of bitcoin goes up.

freecastle

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Because it's a pure product of speculation

Mei1418

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Quote from: Oppang Inamo on September 25, 2017, 09:02:51 PM

Its because the bitcoin has many users and investors,that's why the demand is getting higher and the bitcoin is getting rich,as the bitcoin continues to grow up and being known many people are getting interested its because they saw the real effect when using this,and now people are continue using these in many various ways.And many factor of being the most expensive crypto,because bitcoin is the global currency as I say it is the most known crypto,and it has the potential to rule the money.

That's right!, i'm agrer with you sir because there are many investors and users

Vikingr

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Quote from: Jedzkie050617 on October 25, 2017, 02:18:53 AM

Bitcoin, nowadays become expensive due to its demand in the world of crypto currency. Eventhough it will flat for a little while but its value will increase after some moments. As I remember, last year its around 700USD but now its getting its value increase as the time passes by due for some investors and traders.

Yes I agreed with you that Bitcoin is so expensive this is because of its demand in the world of crypto currency. Some people just focus on some wrong news. The dollar is quite expensive but it’s not reality every currency has its own worth. Bitcoin is expensive by increases the investors on Bitcoin. Every person is interested to invest on Bitcoin and get some reasonable profit.

Chairul Muttaqin

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Quote from: DoublerHunter on November 12, 2017, 04:31:05 AM

It is because of the demands that are in the market so that makes the price of bitcoin goes up very high and because of those demands, it made bitcoin as a very expensive cryptocurrency but it is still not a permanent price because bitcoin might go up or down in any moment because it is decentralized cryptocurrency so anything can happen in the market.

demand of bitcoin causes of many features which is provided by bitcoin successfully attract people to use it.
for example it's anonymity, decentralized, easy to use and so on.

Please be realities, if there are no features of bitcoin people will not interest with bitcoin and make high demand for it.

xebecstyx

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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.

It is expensive because there are so many processes before you can actually earn one. Also, its price, I think, stems from the marketability and businesses you could venture in using it. Since you can use it more conveniently that your credits cards, and it gives people more variations and options to purchase and transact.

Marrionbitcoin

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Quote from: D3m1r4wanti on September 25, 2017, 08:48:07 PM

bitcoin becomes very expensive one of them is due to the limited amount of currency, in addition to his many ads in various social media that tells that bitcoin will be a global currency is a factor that makes bitcoin very expensive

I agree. Also the Bitcoin price gets higher because of the demands of a million investors around the world. Right now, Bitcoin is worldy known by many people so the tendency is to invest more for them to earn extra income. Currently, the price of Bitcoin is too high so this is the right time to sell your shares then wait again to buy if the price is low.

Macai

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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's because of the number of investors and bitcoin users. As you can compare bitcoin now and before, before bitcoin is not popular so it has low price but as time goes by and as investors and users goes up the price will slowly increasing.

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