Topic: Why bitcoin so expensive? - page 36. (Read 6513 times)
Many factors influence bitcoin price but somehow difficulty of algorithm is main point. Now days person needs to assemble very expensive rigs for mining. With expensive electricity people often find the process non profitable.
As more and more people use and invest in bitcoin, more and more people are interested in bitcoin. The scarcity of bitcoin, so the value of bitcoin is getting higher and higher, the price of bitcoin is more and more expensive. 
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.
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 its demand and the limited stock that it have,Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
And there is plenty of investors all over the world.
Yes, the ever growing interest in bitcoin by people all over the world is creating a consistent interest in it and that is driving its value astronomicall high and people that are yet to invest into it will find it very expensive.
Bitcoin has many reasons to be cost-effective.
Its use is more than all coins. Bitcoin is very old, for which Bitcoin knows a lot more people. And now it's fairly well-known.
Its use is more than all coins. Bitcoin is very old, for which Bitcoin knows a lot more people. And now it's fairly well-known.
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 its demand and the limited stock that it have,Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
And there is plenty of investors all over the world.
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.
It's expensive because BTC is really hard to harvest and really hard to obtain in a campaign. Back in 2009, you can mine it easily for example, you'll mine 1.btc per day but in the present time you can only mine 0.00001 per hour or something like that because o lot of people have been using BTC thats why the demands has gone high.
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.
I think this is probably because it is one of the leading crypto currency out there and it is widely accepted everywhere in the world. Like when you ask someone if they know a crypto currency or as they call it online currency, their answers will mostly be bitcoin. I think this is the reason why it is so expensive.
For me as my opinion, it is so expensive because there will be an increasing number of members, it is acceptable in some banks. Although we already knew that it is world wide currencies that's the another reason why bitcoin is so expensive. Basically bitcoin give a lot opportunity in order to live and stay alive in this world. it is quick currencies.
Only the community bring this into very expensive, as it become highly in demand in the market-the more it will soared high. Of course, we are happy because a big chances of earning more profit as compared in the past days. And today's price, might attract more investors to take a part of this very fast growing investment.i agree with you beside that, people still do buying and selling in any price so the price itself moving from cheap into expensive price and now the price is still good to buy because the price is at lower price. bitcoin community makes the price is cheap and also makes the price is expensive but you can buy bitcoin at any price you want. many people still want to buy bitcoin and makes the price is increase but maybe you won't see the price is at the price now again in future.
bitcoin used to be very cheap in the past but rightnow its price is so high that we can not afford, since the day it is recognized by investors from all around the world, many bitcoins have been bought by rich and powerful person, that makes the demand for bitcoin rising while the supply is not changing, that the reason why bitcoin is so high now.
For me as my opinion, it is so expensive because there will be an increasing number of members, it is acceptable in some banks. Although we already knew that it is world wide currencies that's the another reason why bitcoin is so expensive. Basically bitcoin give a lot opportunity in order to live and stay alive in this world. it is quick currencies.
Only the community bring this into very expensive, as it become highly in demand in the market-the more it will soared high. Of course, we are happy because a big chances of earning more profit as compared in the past days. And today's price, might attract more investors to take a part of this very fast growing investment.
Bitcoin is a separate currency unlike those fiat currencies around the world. Its price depends on what currency you have. When its lower that dollars, its more expensive. But if you want to trade here, maybe buy some units that suits on your budget and start from there.
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 becuase theres a lot of people and rich people investing in bitcoin so the bitcoin is still increasing and i know that in 2018 it will go to the price $8000-$10000 Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
Its expensive because its like just a million dollars or billion dollars
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.
Based on my research bitcoin is so expensive because this bitcoin is limited only so the supply is limted and the demand is high so we expect that value of bitcoin continiously to grow fast. Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
It's no longer expensive!!! It's a great time to buy more now (If you are able to handle the risk)
(If you are able to handle the risk) 
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
Bitcoin is expensive in light of the fact that there are just 21 Million Bitcoins in the entire world. That number will remain the same, unless and until the entire Bitcoin protocol is changed. Presently 21 Million Bitcoins need to compensate for all the money/wealth in the planet. So the more individuals utilize it, the more costly it will get. As the demand will increase there will be rise in the price.
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
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.
Bitcoin price depends on the amount of bitcoin ciculating in the market. The more people investing in it, the higher the price gets. The reason why bitcoin price is increasing is just because more and more people getting interested on bitcoin.
Fund and venture capitals are interested in bitcoin. The demand is going up every day. These are the factors affecting its price positively. And people are buying it like non stop. So there is no reason for price to maintain the same.
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