Topic: Why bitcoin so expensive? - page 42. (Read 6513 times)
I guess because as time passes more and more people are interested in bitcoin, more and more bitcoin users. And the number of incoming ads that make bitcoin more expensive. More people are investing too. Now it's a lot of spreading about bitcoin so everyone knows what bitcoin is, I think more and more users are getting ahigh of bitcoin prices.
Bitcoin, nowadays become expensive due to its demand in the world of crypto currency. Eventhough it will flat for a little while but its value will increase after some moments. As I remember, last year its around 700USD but now its getting its value increase as the time passes by due for some investors and traders. 
During the economic crisis , the trust people had on the existing financial systems and the form of money was shaken. It was roughly during this period that a white paper called as Bitcoin which was Electronic Cash System. Bitcoin was the world’s first digital decentralised currency. It din’t require the function of a bank and relied on a trust less network. The gold like properties of Bitcoin made it very superior. Soon a lot of big companies started accepting payment in Bitcoin and eventually the interest level of the general public grew. The currency started getting traction and so did its price. Everybody wanted to own one and hence the price increased rapidly. Another major factor for Bitcoin price rise has been the opportunity to trade in them. Numerous exchanges started opening up that facilitated Bitcoin trading and with each new development.
the reason is quite simple: bitcoin is currently the favorite virtual currency in the online world because of the many conveniences in bitcoin. when I get to know bitcoin I have not been too interested but the more I read the more interested it is also to have the bitcoin.
Bitcoin is getting more and more expensive because people consider it to be an investment.
The number bitcoins bought by long term holders is rising in a larger way than new bitcoins can be mined.
That means less supply and an at least constanat demand. Only possible outcome in that constellation is a higher price.
The number bitcoins bought by long term holders is rising in a larger way than new bitcoins can be mined.
That means less supply and an at least constanat demand. Only possible outcome in that constellation is a higher price.
to days in India now bitcoin value is increased because the effect of demonetized of 500 and 1000 rs notes in India. so this reason led to a price increasing of bitcoin in India
there are so many things why bitcoin so expensive especially if bitcoin convert to the particular currencies even if bitcoin convert to my currency the amount is worth for buy 2 or 3 new motorcycle and also worth to buy daily needs for one family live for several months but the simple reason is more demand means the price too will automatically high and i think this is the main cause why bitcoin so expensive
1. Because there is a limited number of it, only 21 million. Consequently, the more you learn about it and buy it, the more expensive it is.
2. Almost every crypto currency is created on the basis of the bitcoin code, and if such a crypto currency introduces its economy into this code, then it's generally cool.
3. It will be popular, as long as it sees ways to circumvent the laws of states, tax, money laundering.
4. Smart contracts and blockchain, no comment)
2. Almost every crypto currency is created on the basis of the bitcoin code, and if such a crypto currency introduces its economy into this code, then it's generally cool.
3. It will be popular, as long as it sees ways to circumvent the laws of states, tax, money laundering.
4. Smart contracts and blockchain, no comment)
I think it is because of the many
users and investors in bitcoin.
users and investors in bitcoin.
Bitcoin is expensive due to global adoption and increase in demand of bitcoin makes it expensive in the crypto market. In US most of the universities started accepting bitcoins as a mode of payment of fees. As days pass by more and more users are coming into the bitcoin network which is also a good factor to increase the value of bitcoin.
bitcoin was not expensive ! its just a single dollar or less before but the price grows .. it really climb up high noone exxpected this to happen 
but look at it now it has a super high value !
but look at it now it has a super high value ! 
First, bitcoin value based on market's demand, if theres demand more than supply, the value will increase, even if some of people said that bitcoin is "made of thin air" people will still buy it because it's not "made of thin air" but it's intellectual asset.
The expensive price of bitcoin is because of the bubble and at the moment the current price is bullish.
The expensive price of bitcoin is because of the bubble and at the moment the current price is bullish.
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.
i think that bitcoin is expensive because of its limitation bitcoin have a limitation made like cash/money they have a limitation. bitcoin has a high value (if you convert it into your money country) and if one thing is high/expensive i assume that thing is limited only.if you knwo about the law of the demand and the supply in the economics then you must apply it. Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
Bitcoin is very expensive because it now has a huge demand. It is now being very rich. People have become very interested in using Bitcoin daily. Many people have become dependent on it so that they can earn huge amounts of bitcoin. However, we know that the demand for things that increases the value of non-products is increasing day by day.
Bitcoin is so expensive because it is the oldest crypto currency in market, with the good circulation as compare to other crypto currencies. And the plus point is that most people love to invest on Bitcoins so automatically due to high demand in market the value of Bitcoin increases
It was once so low 2009 I think. Its price was only .2 usd. Imagine .2 usd for 4000 usd? That's how this cryptocurrency can go. It can go to the moon. Probably this cryptocurrency will reach 10000 usd in the near future. Just wait guys.
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 is because of the strong demand and limited supply. Many people speculate of bitcoin price and traders buy and sell every day that's why bitcoin's price went high because many are willing to have it. It has become valuable since many businesses are starting to accept it as payment option that's why it is expensive now to own one but you can still buy a portion of it if you don't have hundred of thousands of money as what you say. You still have that option because bitcoin is divisible.
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
Of course due to the continuing volume of consumers. And it's really worth the price. So its price will increase unlimited. And if there are fewer buyers it will fall. But it is fuzzy because the bitcoins are already widely spread and popular people know it and it has a lot to do with our day-to-day lifestyle. And the only thing to do here is if it's a bad thing for us that it does not really happen. So many people have become financially independent because of this and continue to increase it every day.
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 so expensive because of scarcity. The more the investors and traders hodl or buy Bitcoins the more the price will skyrocket. I think that it is the main reason why Bitcoin price keep on rising. Crypto community arround the world is increasing in large volume day by day so it is one of those factors affecting the price of Bitcoin. We can see proof of that when a specific country like China banning cryptocurrency that results in closing of bigger exchanges so the price of Bitcoin dropped because of massive dump. Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
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