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Topic: Why bitcoin so expensive? - page 4. (Read 6500 times)

full member
Activity: 266
Merit: 102
January 19, 2018, 07:54:56 AM
The reason why bitcoin is so expensive is that bitcoin's popularity increasing in the market place. I also think that bitcoin is so expensive because its demand. Bitcoin is always limited. Basically, bitcoin experience scarcity like us. The higher the demand, the lower the supply.
sr. member
Activity: 546
Merit: 256
January 19, 2018, 07:43:36 AM
Bitcoin is not expensive. It's just a great thing for the future. Bitcoin is the next power

I think bitcoin is pretty expensive. When bitcoin was firstly released, it is cheaper and you can buy a lot of it using a dollar. But right now it is at 5 digit price which is more than 10 thousands away from it's first price. Bitcoin may be the first but for me, bitcoin is just the original digital currency there are a lot of digital currency that is better than bitcoin but bitcoin is the expensive one so it is the most popular one.
full member
Activity: 406
Merit: 100
January 19, 2018, 07:40:27 AM
Bitcoin is not expensive. It's just a great thing for the future. Bitcoin is the next power
jr. member
Activity: 57
Merit: 1
January 19, 2018, 07:40:19 AM
The main reason behind the sky touching price of Bitcoin is what you have already told. Whenever there is a huge demand of a specific item and that item is present in a tiny amount, it becomes expensive. the price of bitcoin expensive one of them because bitcoin is very famous with a limited number, not everyone can have bitcoin.
newbie
Activity: 149
Merit: 0
January 19, 2018, 07:36:48 AM
Bitcoin price is high because of its demand and it's amount is limited, this is ideal to a market where when the price is high it has limited supplies and also bitcoin gains most demands in any other cryptocurrencies that's why its price is high.
newbie
Activity: 98
Merit: 0
January 19, 2018, 07:20:54 AM
Bitcoin very expensive because of the limited amount of currency, in addition to the number of advertisements on various social media that say bitcoin will be the global currency which is a very costly bitcoin making factor.
newbie
Activity: 22
Merit: 0
January 18, 2018, 06:28:51 AM
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.
Because of its high demand and its scarcity. Just like in product distribution in economics, the high demand plus low supply will result to a higher price product or item.
jr. member
Activity: 73
Merit: 1
January 17, 2018, 11:51:23 PM
Bitcoin is expensive because of its higher demands to the people.As years pass, the bitcoin will be much well known  and more people will be interested to this.
newbie
Activity: 84
Merit: 0
January 17, 2018, 11:50:09 PM
Bitcoin is expensive because it will be the international digital currency of the earth as it grows bitcoin also going to be expensive.
newbie
Activity: 97
Merit: 0
January 17, 2018, 11:44:57 PM
I think the price of bitcoin depends on the market, if demand is high then the selling price is high and if demand is low so the price is low. Another reason for today's technology is to transfer money anonymously. Who does not want it to be true and decentralized so you hold your money for as long as you want without anyone intervening. Cool
newbie
Activity: 137
Merit: 0
January 17, 2018, 11:42:54 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 becoming expensive because of it reward in mining getting smaller every 4 years at the same time the hardware cost for mining equipment become also expensive there are some more reason for like adoption
member
Activity: 490
Merit: 11
January 17, 2018, 11:39:19 PM
yesterday bitcoin is on sale with a 40% discount
you should not miss it
and all you have to do is sleep for 1 year, then reopen the bitcoin market in December
newbie
Activity: 98
Merit: 0
January 17, 2018, 11:31:13 PM
Im here to see why bitcoin is expensive  Roll Eyes Roll Eyes Roll Eyes sometimes I still wonder if its price is set lower like some other money. one thing for sure, its price will keep rising, I mean "more xpensive" in the near future. but will it be good for us if it keeps going up?
newbie
Activity: 58
Merit: 0
January 17, 2018, 11:23:06 PM
Bitcoin can be quite expensive when compared to the currency of each country. And if we realize that bitcoin an asset or a place to invest, even though the price is prohibitively expensive with the benefits to be obtained from bitcoin.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
January 17, 2018, 11:09:52 PM
Why bitcoin so expensive?

Because you’re poor.
full member
Activity: 338
Merit: 100
January 17, 2018, 11:04:32 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.
In my opinion it is not expensive because it is comparable to the developer's struggle that has made bitcoin with a very good system. Mining bitcoin also requires a lot of cost in terms of electricity usage and tools to mine, so I'm not surprised by the bitcoin price you say it's expensive. Bitcoin prices are comparable to security, anonymity and decentralization.
newbie
Activity: 37
Merit: 0
January 17, 2018, 10:53:07 PM
Like everything, Bitcoin price is also derived by it's demand in the market. Since number of Bitcoins are limited to 21 million only and more than 70% of Bitcoins have already been mined, the price is bound to be higher.

Besides that, the robust and secure blockchain, the technology behind Bitcoins is also the reason for Bitcoin high price.
newbie
Activity: 3
Merit: 0
January 17, 2018, 10:50:14 PM
There are many factors that make the Bitcoin price high, Bitcoin is expensive simply because it has high demand, More and more businesses are accepting Bitcoin payments. Due to its easy use, bitcoin attracts many people.
Thank you!!
newbie
Activity: 38
Merit: 0
January 17, 2018, 10:49:16 PM
Bitcoin is never expensive as the Gold bubble. Bitcoin stands for the freedom which is thing that everyone fighting for.
full member
Activity: 476
Merit: 100
January 17, 2018, 10:42:33 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's clear why bitcoin is so expensive because now people need a modern economy system with a digital economy because of technological development demands and for now there is no tax determined by the government in my country associated with bitcoin
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