Topic: Why bitcoin so expensive? - page 41. (Read 6500 times)
The demand is currently very high so Bitcoin keeps on getting higher and will continue to do so the more people who get involved.
bitcoin is so expensive due to its demand and supply, bitcoin is very dificult to mine and their are so manny people using bitcoin.
Yes it is true and this is what makes us very interested to invest bitcoin, because sure the demand one day will continue to increase while the supply remains, with this fact I am sure with the future bitcoin.
The same reason anything costs anything: supply and demand
So expensive or inexpensive of bitcoin itself is certainly affected by all bitcoin users who make buying and selling on bitcoin. Nowadays, it's proven that bitcoin is becoming more popular and better known by many people to investment, and of course it becomes more expensive and more in demand.
Bitcoin prices are getting higher as more and more new people are interested in bitcoin. Because the demand is also more and more, while the remaining bitcoin supply will be less. People compete to collect and save for investment, cause they believe that in the future bitcoin prices will be 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.
Think of bitcoins as diamonds. It's hard to mine or even search for a viable vessel to harvest diamonds making diamonds in the circulation of the market to be very scarce. The same as bitcoins that is hard to mine using computers and there little in the circulation of cryptocurrencies. Bitcoins are becoming more of an expensive commodity and will continue to be an expensive one. Hope this helps!
Simple to explain is when the goods were limited when circulating but the demand is quite a lot. Automatic price of the goods will also be more expensive. this is also the case with bitcoin
bitcoin is so expensive due to its demand and supply, bitcoin is very dificult to mine and their are so manny people using bitcoin.
Amount of people who are bitcoin users is more than the amount of bitcoin in the world. More and more demand is unbalanced with a stock of only a few million (my estimates).
The point is a rare bitcoin, the price will be expensive.
The point is a rare bitcoin, the price will be expensive.
Yes, true. I agree with you because bitcoin is hard to find and rare. then make it very expensive.
The main reason why bitcoins becomes more expensive as day goes on is because of the limited supply while the number of investor continuously increases which will then result to higher demand. Most of the people engage with bitcoin nowadays wanted to hold some bitcoin for themselves and this will only further bring the price higher.
Yup! when the number of people in the community increases the demands for bitcoin also increases and miner would just mine a limited supply of blocks that is why it will be in demand in the market, in that sense the value will sure increase, that is why it is really good to horde bitcoin than to use it in spending that is why you can really lump it with gold, that in years passing by the value will sure increase as well.
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 is lemited to 21 million max supply only and they other already holding a thousand bitcoin and the emagine if 21 million people also around the work want to hold bitcoin supposedly they have to hold 1 bitcoin each but the other already holding thousand that the reason that the demand will goes up so expensive because some people holding a big amount of bitcoin they dont want to sell it in a low price
This is basic economics, when there's a hard limit on how much bitcoin can exist, it will be crazy expensive. Bitcoin only becomes more popular, and therefore the price goes up and up. We've tried to solve having 10 decimals, by using mBTC (milli bitcoins) and bits (1/1000 bitcoin). Some even use satoshi (1/100 bits). Personally I like to just work with normal BTC since it makes most sense to me, but I think bits is the way to go if you don't like all those decimals.
reasonable, nowadays bitcoin is getting popular. advertising on youtube about cryptocurrency more and more. that means demand for bitcoin more and more. but do not worry, if the capital to buy bitcoin still does not exist, you can start in a graceful way, that follows bounty. altcoin obtained from bounty is collected and then exchanged with bitcoin.
If you are referring to the price of Bitcoin now at $5000+ is expensive as compared to few years back at few hundred dollars. This is because the demand for Bitcoin has gone up and the buyer is willing to pay more for Bitcoin. Bitcoin is a cryptocurrency and yes this is the big deal.
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 agree to you that bitcoin is so expensive that if it will be converted to my country's currency it will cost hundred of thousands too, but in 2009 if you convert bitcoin in my country's currency it cost only 1 peso but now, it cost 300 thousand pesos. I think bitcoin is expensive because it has a limited amount of currency.
Bitcoin is so expensive and constantly rising in price for several reasons. Because there is a limited amount of it, only 21 million. Because almost all promising crypto-currencies take as their basis the digital bitcoin code, change it a bit and create a new crypto currency. Because bitcoin carries with it promising ideas, processes, technologies that will be very useful to people in the future.
There are many factors that make the Bitcoin price high, the more demand for Bitcoin price is higher. Due to its easy use, bitcoin attracts many people, due to the large number of requests and the limited amount of Bitcoin, the Bitcoin price is ultimately very high. that's my opinion
The main reason why bitcoins becomes more expensive as day goes on is because of the limited supply while the number of investor continuously increases which will then result to higher demand. Most of the people engage with bitcoin nowadays wanted to hold some bitcoin for themselves and this will only further bring the price higher.
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 because it is having a high market demand. Bitcoin's market price is just depending on the demand that it is having from the market. The demand is generated by its growing community. More people are moving towards Bitcoin because it is profitable to most of its users. More of a domino effect that as its community is becoming larger, the demand is rising that also, makes its market value more expensive. Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
Bitcoin value based on market's demand, if theres demand more than supply, the value will increase.
So it is realy simple:
A:Circulating Supply:16,645,212
B:Market Cap: 93,095,006,195
So: B / A = $
93,095,006,195 / 16,645,212 = 5592.90
So it is realy simple:
A:Circulating Supply:16,645,212
B:Market Cap: 93,095,006,195
So: B / A = $
93,095,006,195 / 16,645,212 = 5592.90
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