Why bitcoin so expensive? - page 37.

GoodLuck2

sr. member

Activity: 630

Merit: 251

Quote from: bololord on November 02, 2017, 03:49:04 AM

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.

Based on my opinion the bitcoin is continiously to increase because there's a lot of rich people investing in bitcoin and the supply of bitcoin is limited only so we expect that the value of bitcoin is increasing for a next year and in the future.

That is the main reason behind the rise of price is the user demand and fortunately people are now well aware about the benefits of bitcoin and this coin will allow them to earn fast and this thing is working in the favor of old investor as well as the price of bitcoin and in future there will be more rise in price because new regions are joining the community and that will be more beneficial for all the investors of world.

bololord

full member

Activity: 420

Merit: 101

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.

Based on my opinion the bitcoin is continiously to increase because there's a lot of rich people investing in bitcoin and the supply of bitcoin is limited only so we expect that the value of bitcoin is increasing for a next year and in the future.

javelot

newbie

Activity: 39

Merit: 0

Bitcoin is valuable because its a great store of value like gold and it's got the biggest brand name of all crypto. That's why Bitcoin is slow and transaction fees are high, its number one priority is security.

meairen

newbie

Activity: 1

Merit: 0

Because Bitcoin is recognized by more and more people and accepted by people. Bitcoin is scarce, so the price is high, and will always be high.

patz22

full member

Activity: 1176

Merit: 104

In my own perception, bitcoin is like a treasure now wherein if you will not do anything (ways to earn coins: bounties,mining,investment etc.) you will not earn any bitcoin/altcoins and to answer this question, bitcoin is expensive because of the demand just like in business economics(supply and demand) wherein if there's a limited supply and a high percent of demand the value will definitely rise.

Tantlizbat

full member

Activity: 184

Merit: 100

Quote from: xiboothrezi on October 30, 2017, 10:21:58 AM

Quote from: Asmonist on October 30, 2017, 08:29:39 AM

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.

It will depend also on the supply and demand. I guess the demand of bitcoin is higher and the supply is low. That's why when the supply is low the price will rise. Many people are wanting to buy bitcoin that's why the supply cannot accomodate the demand.

true, btc supply only 21 million. at this time, the price is getting higher because bitcoin has started to be known and accepted by society. While bitcoin price is determined by the market, which is about supply and demand. so in recent years the price is getting higher.

People are favoring the ease provided to them by the bitcoin along with its multiple benefits . This is the reason why its supply and demand is increasing , It is promising people to provide them a bright future and is giving them a chance to invest wisely. These are all reasons behind its increasing worth still it has not stopped yet and is on its way to achieve more.

offlinedragon

full member

Activity: 135

Merit: 100

Quote from: dharnamonitor on October 30, 2017, 12:00:48 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.

Before it was just same price as a 1 dollar I think?( Correct me if I'm wrong) but now it is worth 6,073.84 as of 12:48 pm 10/31/17 here in my country. So how it became so expensive? Simply because years had past and the popularity of bitcoins have increased and became widely used globally so obviously the demand for this coins have increased drastically and the price will surely increased as the demand increased. Just think about the tulips on 17th century, the Dutch golden age in the history, the tulips became popular that it cost much more expensive.

Bitcoin is so expensive because of the huge investment from all over the world. the more the investment the high will be the price. When there is a little bit decrease in investment the price of bitcoin falls because the market value of bitcoin is due to its investment and with the huge investment the price will automatically go up. It is the rules of economics. When the demand for anything increases the price of that particular thing also increases.

Dod Ong

full member

Activity: 323

Merit: 100

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.

The bitcoin is very expensive because if you buy an account here in bitcoin you earned more money than you spent on buying an account here in bitcoin. It is difficult to have your own bitcoin account because there are so many process to create an account. God bless.

Hanablue

full member

Activity: 204

Merit: 100

Because its lesser in the cap, and thats why every one wants to buy it. If it having a huge market cap like dogecoins then it would never have been this expensive. The less the more valuable.

qwertyuiop0987654321

full member

Activity: 185

Merit: 100

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

Bitcoin is expensive because its value increases everyday I think. It is due to varying price of it. Also, its value to other currencies is different which make it more expensive for them to buy it.

Altero

full member

Activity: 784

Merit: 123

Quote from: Loope on October 30, 2017, 05:23:33 PM

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.

Loope

member

Activity: 82

Merit: 10

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.

jhonnydeep87

full member

Activity: 378

Merit: 100

Bitcoin will be very expensive if you buy coins or investments. this is the first of its kind so that the popularity of bitcoin demand based on blockchain technology and total coins that are always in circulation is so limited that the smaller the coin and the higher the value it can be like gold or diamond.

Wexnident

hero member

Activity: 2688

Merit: 672

I don't request loans~

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.

Its market value is only dependent with its market demand so obviously, what makes bitcoin so expensive is the high demand profuced by its large and growing community in the market. It is now valued at 6000$ and still becomong more expensive. Same thing goes with a artists, if he/she is indemand, ofcourse his/her talent fee will increase. Correct me if i'm wrong but that's what i undersrood.

Crypdon

member

Activity: 616

Merit: 11

I think it is mostly FOMO as bitcoin has no use other than a store of value. It offers even less than dogecoin which can at least be used for tipping!

osasshem

full member

Activity: 625

Merit: 100

The reason bitcoin is expensive is because of the unbalanced nature in the crypto market. There is a higher demands for bitcoin in the market and the supply is limited, and that causes a big reason why the price will rise.

Dakshkapoor

full member

Activity: 294

Merit: 100

BITCOIN's expensiveness is depends upon its demand in market. More the demand more will the BITCOINS will be expensive. It had became a very attractive crypto currency so every one wants to grab them because if an investor will invest then he/she will get a huge amount of profit which is the main factor which had increased its demand in market.

Cranidos

full member

Activity: 140

Merit: 100

Bitcoin was expensive then so now the price is expensive-er and that makes the former cheap rather than expensive. With this in mind, I think that there is no point saying or whining about Bitcoin's price. We're all aware about the trend of Bitcoin's price and there is no doubt that it is upward. Nobody forces anybody to buy the whole 1 Bitcoin so why complain about the price.

Zackgeno96

hero member

Activity: 1778

Merit: 520

There has been constant demand for the bitcoins and new people have also started adopting the bitcoins. More numbers of investors are showing their trust to invest into the bitcoins for longer period of time. People are holding the coins with the hope of making good profit in the future. There is a limited supply and high demand for the bitcoin, which is one the main reason for the expensive bitcoins.

CryptoBankr

newbie

Activity: 3

Merit: 0

The price of any asset, commodity, currency, etc. is based upon supply vs. demand. If the demand is greater than supply, its going to go up in price, if demand is lower than supply, the price will decrease. Right now we're seeing an influx of people jumping into bitcoin and other altcoins as its becoming more popular, and easy to do so. In addition, many new financial institutions, hedge funds, etc are jumping into the foray as well - so its pretty safe to say that demand it outpacing supply and driving the price up...

Topic: Why bitcoin so expensive? - page 37. (Read 6500 times)