Topic: Why bitcoin so expensive? - page 38. (Read 6513 times)
If you say bitcoin is very expensive now because now its only 6K dollars then what will you say if its rate cross 10k dollars so its better for you to invest now if you have funds which you are not afraid to loose because like every market the price of the btc also keeps improving from time to time and its never a loss to invest in btc as the price of the btc is based on the trust people have built on it and the growing demand for it makes the price go so high as there isn't enough btc to provide for the whole world.
Limited amount of currency
Well bitcoin is expensive now and in my opinion we are in a big bubble ready to burst out but I doubt it will go ever lower than 3k$. You can start gather money and when you think it's the perfect price for you to jump in , do it 
When you look for it dollar price you might say that this is so expensive and thats all that gonna do also that looking dor its dollar price but convert it and only look for the price of bitcoin this is not much expensive mg point is we dont have to look always for its price because we all know that as the time pass by it is gtoa and grow the price is high and high. So the price will be more expensive as long as we can have something to do just to have atleast one we must gonna do it so the wag now we look for bitcoin will never too expensive.
Bitcoin is so expensive as now a days it is more adpoted by the people around the world. It's in demand as it values a lot and rising day by day. It is easy to exchange it online as it is cryptocurrency. It becomes expensive through stocks, there are million different factors that makes impact on bitcoin's price.
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.
Since Bitcoin is decentralized and not governed by any one country, it’s not susceptible to major changes in valuation should a country do something that could make their money less valuable. Many people are using the cryptocurrency to keep their money safe from devaluation, or even to use it as they would paper money.
The greater the demand and the smaller the supply, the more the commodity will cost. So in the case of bitcoins, the demand for it is now growing, and production is increasingly limited, so the cost can not but grow.
Bitcoin is not expensive at all, it is just getting more valuable day by day. If we are talking about price in fiat currency then,
1 Bitcoin is equal to 1,675 Latvian Lats and the same Bitcoin is worth 13,81,57,865 Vietnamese Dong so it doesn't actually mean that it is cheap in Latvia and expensive in Vietnam.
Bitcoin was nothing a few years ago but more and more people joined the rally over the years and demanded Bitcoin,
Now Bitcoin is growing with a rapid growth rate and if demand continuous then the price will keep rising as per the law of demand and supply.
1 Bitcoin is equal to 1,675 Latvian Lats and the same Bitcoin is worth 13,81,57,865 Vietnamese Dong so it doesn't actually mean that it is cheap in Latvia and expensive in Vietnam.
Bitcoin was nothing a few years ago but more and more people joined the rally over the years and demanded Bitcoin,
10) Last but not least, who the hell is stupid enough to pay $5.00 now for a bitcoin?
Now Bitcoin is growing with a rapid growth rate and if demand continuous then the price will keep rising as per the law of demand and supply.
Bitcoin is so expensive if it will be converted to my country's currency it will cost hundred of thousands.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
Two things, supply and demand, give a commodity its price and value. That is what is happening with Bitcoin. It will even get more expensive with time as the awareness for its usage increases. Remember that Bitcoin total supply is just 21million which really isn't much. Also, any coin that has increased usage and little supply will always have increased price.
Bitcoin is so expensive if it will be converted to my country's currency it will cost hundred of thousands.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
Bitcoin isn’t the only cryptocurrency around. New rules governing Litecoin make it faster and easier to exchange. Ethereum, another popular cryptocurrency, recently split into two different currencies, raising its profile and lowering its price of entry. As Bitcoin grew in popularity, so did all cryptocurrencies, which are cheaper than 1 BTC.
Well bitcoin is expensive now and in my opinion we are in a big bubble ready to burst out but I doubt it will go ever lower than 3k$. You can start gather money and when you think it's the perfect price for you to jump in , do it
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.
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 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.
Thanks to apps and exchanges like Coinbase, cryptocurrencies are easier to buy now than ever before. These services also increase the profile of cryptocurrencies as viable, tradable assets.
I think this is due to the supply and demand. Since lots of us are hoarding Bitcoin, the supply just gotten thinner and the people who are wanting to buy Bitcoin is getting bigger in number. This is the reason why bitcoin price is expensive. The law of supply and demand commands the Bitcoin price.
Bitcoin is getting more expensive year by year as more and more people have started knowing about this high technology based digital currency.As the number of users of bitcoin increases the value of bitcoin also increases as there are only a limited amount of bitcoins.If the number of people holding the bitcoin is considerably large than the number of people selling it then also the value of bitcoin increases.
it's very simple
The greater the demand for currency, the more expensive it is
in my own point of view, it has high value and very expensive because of its increasing demand and low supply which is unable to supply the needs of those who wanted it, therefore it is also common that because of demand the bids are always increasing almost every minute.
btc become more popular and few days ago miners said that mine now is more than 20% hardest, plus good news from China
Bitcoin has been popular and being in demand thats why price is expensive. The more users the demand is increasing as to price is become expensive. I believe bitcoin price will be soaring high than the current price.
Same as why Gold is expensive.thats why Bitcoin to.because we mine bitcoin in the hardest way.amd with just how many coins remains to be mined.its value continuous to grow and grow,and in a couple of years its prize might go upto million in your currency
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.
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.
Its limited and hard to mine right now and most common reason is due to high demand and people are start using bitcoin as a payment method.
Yes the bitcoins are very less in the market and people are holding bitcoins for a long term to make a good profit. so there is a bitcoin shortage in the market so the price is increasing and it becomes very expensive for a normal people. Jump to: