Topic: Why bitcoin so expensive? - page 39. (Read 6500 times)
btc become more popular and few days ago miners said that mine now is more than 20% hardest, plus good news from China
Because just like what Steve Wozniak said it's better than dollars or gold. Unlike Gold, Bitcoin is more mathematical we know exactly how many bitcoins we have circulating after some number of years. That makes investors really interested in it and got them buying more and more raising the demand and with a limited supply, obviously the prices would start to rocket. Also there's this saying that we should invest in everything China bans. Right now BTC is one of those things that china banned. It might be a good indicator to invest on it now.
Everytime it's more expensive due to the high demand, limited supply and because everytime it's more expensive/difficult to generate one, cost of hardware, price of electricity etc
It's not like fiat money that gouvernemts create as much as they want just pressing a simple button.
It's not like fiat money that gouvernemts create as much as they want just pressing a simple button.
You got that right. Demand has a lot to do with he price hiking up and it's a ripple effect. The more the price goes up, the more people become interested in investing in it. Thus the price moves up even more.
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.
Because it's overhyped.
Because bitcoin offers transparency, secure transactions and anonymity. Bitcoin is also widely used by people to do business, because that's the bitcoin can be very expensive.
Everytime it's more expensive due to the high demand, limited supply and because everytime it's more expensive/difficult to generate one, cost of hardware, price of electricity etc
It's not like fiat money that gouvernemts create as much as they want just pressing a simple button.
It's not like fiat money that gouvernemts create as much as they want just pressing a simple button.
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.
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.
For me, I think because many investors invest in this coin. And some traders on the coin market get this bitcoin price so high which make sense way back in 2009 that bitcoin is not that much of a value. And of course this investors and in marketing industry buy bitcoin so that it makes the bitcoin price so high and also I read about mining bitcoin now is hard and that's one cause of it.
The price of Bitcoin comes down to supply and demand. It is worth what people are willing to pay for it. As the supply starts to dry up, the price will keep rising as long as people think Bitcoin is a good investment and want to keep buying it.
Eventually, there will be so few Bitcoins mined every year that the supply will virtually stop growing. If Bitcoin continues to be in demand the price could go very high. I’ve seen predictions that one Bitcoin could be worth $500,000 to $1 million as some point. This will take many years to achieve, but is possible.
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.
For me, I think because many investors invest in this coin. And some traders on the coin market get this bitcoin price so high which make sense way back in 2009 that bitcoin is not that much of a value. And of course this investors and in marketing industry buy bitcoin so that it makes the bitcoin price so high and also I read about mining bitcoin now is hard and that's one cause of it.
I think more and more bitcoin users and many new projects are emerging, so many projects can also lure investors to invest. because the investors are willing to invest if the project has been followed by many people.
many hold there bitcoin so it increase the demand. that is why the price increase they want to buy bitcoin before others do. high demand low supply price increase
Indeed, Bitcoin today are now kept in order to wait for the right time and sell it while it is very high valued. The fewer coins circulated the higher the demand so it's not surprising why Bitcoin is so expensive today.
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 being use to different Online transactions such as buying an items and products. But why it is that Bitcoin is very expensive? I dont have no idea too. Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
No one can answer this question .
But the main reason is technology behind this.
and as more and more people see and assume what if they had 1 bitcoin in 2009 they amazed ,and suddenly they hop into this 2017 to be a part of bitcoin revolution.So its growing high and high.
But the main reason is technology behind this.
and as more and more people see and assume what if they had 1 bitcoin in 2009 they amazed ,and suddenly they hop into this 2017 to be a part of bitcoin revolution.So its growing high and 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.
For me, I think because many investors invest in this coin. And some traders on the coin market get this bitcoin price so high which make sense way back in 2009 that bitcoin is not that much of a value. And of course this investors and in marketing industry buy bitcoin so that it makes the bitcoin price so high and also I read about mining bitcoin now is hard and that's one cause of it.
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.
First of all, BitCoin is available in a limited number and is already known exactly in which. All attempts to spread it and bring it to the global level. Due to the anonymity of transactions in this currency, criminal communities are laid, and BitCoin is also paid for illegal goods. Also in the world of the current world events, which greatly affect the course of BitCoin, for example, when banks began to buy this currency, it has sharply increased in price. The extent to which BTC can become a global one is not everyone understands, but attempts to control it as a currency of power are already being tried. Imagine how many underground casinos have appeared in which people play anonymously on BitCoin, you yourself understand the value of currency and anonymity in this case.
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.
Well, because bitcoin is acknowledged by many countries, The more people to buy this currency the higher it's value, That is the market as we know it. but if people don't want this kind of currency, then the value of bitcoin will drop.
the price of bitcoin fluctuates and depends on the demand. every year the growth of bitcoin is always increasing, also bitcoin users growing so many, so that demand more and more and make the price increase.
As we know that bitcoin is a digital currency and if a thing becomes a currency then its price goes up a lot and also a lot of properties make bitcoins expensive and important in now time, bitcoin is digital currency and can be used as a money for shopping etc that’s why it is really important and expensive. One time when Bitcoin is not much people use it and still easy on the mine, nobody is interested in BItcoin. But now everyone is looking for it automatically Bitcoin will be expensive because everyone wants it,
Bitcoin is so expensive and not everyone easily afford bitcoin to buy because of a lot of features in bitcoin which make bitcoins so expensive and everyone wish to buy or get bitcoin as much as possible, the reason is bitcoins is a digital currency means that it can be transfer easily through internet and also many reasons. 
the price of bitcoin fluctuates and depends on the demand. every year the growth of bitcoin is always increasing, also bitcoin users growing so many, so that demand more and more and make the price increase.
Jump to: