Why bitcoin so expensive? - page 43.

klf

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Quote from: D3m1r4wanti on September 25, 2017, 08:48:07 PM

bitcoin becomes very expensive one of them is due to the limited amount of currency, in addition to his many ads in various social media that tells that bitcoin will be a global currency is a factor that makes bitcoin very expensive

Basically, its prices are going up due to high demand and less supply. More and more businesses start accepting bitcoins for regular usage then its demand will go up but supply may not increase so fast so its prices will shot higher. The current prices may be looks expensive for now but after two or three years these prices may look very cheap so start investing in it instead of worrying about whether it is expensive or not.

mk4

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Paldo.io 🤖

Bitcoin is expensive simply because it has high demand, and with a very very limited supply; and don't even say "only a cryptocurrency". This is innovation, and the future of money. Also, you don't need to buy one whole bitcoin. You can buy in decimals (e.g. 0.005 bitcoin) or so.

I suggest doing research on this. So you may know why bitcoin isn't "only a cryptocurrency".

Nawaytes

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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.

Oppang Inamo

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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.And many factor of being the most expensive crypto,because bitcoin is the global currency as I say it is the most known crypto,and it has the potential to rule the money.

Edraket31

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It depends on the currency, but as a good point to that is that bitcoin is really a great to invest with as you can see the more it become expensive the more potential earnings you could have, if you really have the guts to invest then try a little some and you would see the outcome, it is not necessary how much you will buy it is up to you how much you are willing.

D3m1r4wanti

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bitcoin becomes very expensive one of them is due to the limited amount of currency, in addition to his many ads in various social media that tells that bitcoin will be a global currency is a factor that makes bitcoin very expensive

aleksej996

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Do not trust the government

It makes no sense to call Bitcoin expensive, it is like calling dollars expensive. You know you can just by a fraction of it? You can buy down to 1/100 millionth of a Bitcoin. This is called a satoshi, after the inventor of Bitcoin. Think of a satoshi as the cryptocurrency and a Bitcoin just as a word for 100 million satoshis. Now it isn't really expensive is it? It is too cheep even.

All the bitcoins in the world cost billions of dollars, is that what you mean by expensive? If that is the case, then take a notice that the amount of money in the world is easily in trillions. That makes Bitcoin an insignificant part of it and it is technologically far superior to fiat currency.

Raffy11

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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.

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