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Topic: Why bitcoin so expensive? - page 5. (Read 6512 times)

member
Activity: 574
Merit: 11
January 17, 2018, 10:40:39 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.
because the bitcoin have so many benefit if you buy them like can be use for transaction all over the world and beside that because it can be used over the world so people will buy the bitcoin and bitcoin got high demand and make the price go high
newbie
Activity: 22
Merit: 0
January 17, 2018, 10:36:44 PM
Bitcoin is expensive because of flexibility and increasing investment to it that makes the price go up and also who uses bitcoin increasing drastically because of the profit they want to have .  And the cycle goes on.
member
Activity: 112
Merit: 21
January 17, 2018, 10:31:58 PM
Bitcoin is expensive, it is a digital encryption currency, it is an innovation, a technological innovation, unlike other currencies, so its price is high.
jr. member
Activity: 54
Merit: 10
January 17, 2018, 10:28:02 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.
A lot of factors affect bitcoin's price. One is the market which has a direct affect on it. The higher the demand on bitcoin, the higher its price. And also, the cash value in your country also depends on the exchange of your currency's value versus dollar.
full member
Activity: 199
Merit: 100
0xB911101025014BfCaA3B17BC7683C0817489bB28
January 17, 2018, 10:25:47 PM
Drastic increase in global acceptance of bitcoin, demand is increasing day by day and supply is very limited. It will go up and up as hardly 5% global acceptance it till now.
newbie
Activity: 92
Merit: 0
January 17, 2018, 10:15:46 PM
That is why less and less btc supply, but now the demand for btc and btc investment is increasing.Bitcoin set the trend of crypto currency in the  entire world
member
Activity: 97
Merit: 11
January 17, 2018, 10:10:28 PM
The bitcoin became expensive because there are other cryptocurrency that has lower price than the bitcoin and that makes the bitcoin more popular than the other alt coins.
newbie
Activity: 8
Merit: 0
January 17, 2018, 07:35:05 PM
Bitcoin is expensive because it is limited to 21Million. When miners GPU is destroyed then the bitcoin that it mined will disapper. When its stock decreases the value of it will increase.   
full member
Activity: 630
Merit: 100
January 17, 2018, 05:06:14 PM
Surely you already know about economic laws, where prices are heavily influenced by demand and supply. That's what happens to bitcoin prices. When the demand is high and the offer is limited, the price will increase dramatically.
Something similar will happen if you exchange it with the applicable fiat in your country. It will be configured according to the prevailing value.
sr. member
Activity: 353
Merit: 250
January 17, 2018, 05:00:11 PM
Bitcoin is very expensive if it is converted into my country's currency so it costs hundreds of thousands.
member
Activity: 406
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
January 17, 2018, 04:59:31 PM
Bitcoin receives too much support and investment from the community. Its value is decided by the community, when the community recognizes its true value and accepts it, the value of bitcoin grows so much that it is acceptable. The market is falling deeply, if you can invest in bitcoin right now because this is the last chance this year that you can buy bitcoin at such a low price.
member
Activity: 168
Merit: 10
January 17, 2018, 04:53:50 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 demand for Bitcoin is very high. Before, when btc is not popular it was even used to buy a pizza. And now the cost of that pizza contains millions of money. Because btc's value is developed through time neither because of its popularity, the people who trust in bitcoin (especially the investors and traders) and the money that people sacrificed for it, the fact is that "it will really become more and more expensive as the time goes by." For those who invested early, they would not think of BTC as expensive. For those who will start now, you would probably think that BTC is a crypto in which it is really hard to invest into. You can try other alts and eventually jump start your way to Bitcoin.  Smiley
sr. member
Activity: 353
Merit: 250
January 17, 2018, 04:09:23 PM
It is expensive because many people are buying into it so the demand for it is increasing daily.
full member
Activity: 798
Merit: 103
https://www.swanfinance.io/
January 17, 2018, 04:08:19 PM
Hello! You can choose the better one for you:
Because somebody trust it and believe in this
Because he is Godfather of all cryptos with philosophy?
Because first crypto - king - brand?BTC
Because its profitable - demands and supply
Because it's something like anarchy - against Illuminati and mason system (or just governments) etc
Because of Hype
Because it's really something new, fresh, without cash?
Have you your own answer on your question?
full member
Activity: 322
Merit: 100
January 17, 2018, 03:59:52 PM
Hello. bitcoin is expensive? dropped a lot, almost half of the historic maximum, dropped like many other coins and did not understand what caused this massive drop in prices. can somebody just blur me out? I think now is the best time to buy bitcoin, ethereum and other coins in the hope that the price will rise again
jr. member
Activity: 59
Merit: 10
January 17, 2018, 03:54:59 PM
the bitcoin has many users and investors,that's why the demand is getting higher and the bitcoin is getting rich, Grin
Yes , when there are too many people want to own Bitcoin, the price of bitcoin will be pumped by them.
member
Activity: 90
Merit: 10
January 17, 2018, 03:50:37 PM
it is so expensive because it has a many users and it is so in demand in the whole world thats why bitcoin is too expensive rather than other coins, and when the time comes I think bitcoin will be more expensive.
jr. member
Activity: 138
Merit: 4
Varanida : Fair & Transparent Digital Ecosystem
January 16, 2018, 09:23:05 PM
Bitcoin convertion depends on the current value of bitcoin and of course, the value of the paper money. If your country has a low economy, therefore you have to pay bigger money for btc
member
Activity: 266
Merit: 10
January 16, 2018, 09:20:24 PM
Bitcoin may look expensive because its value is like the US dollar. I'm living in a country where the US dollar is 50x higher than our currency so it may appear expensive if I'm going to buy bitcoin. But anyway you can still buy bitcoin even if you have a small capital.
newbie
Activity: 108
Merit: 0
January 16, 2018, 08:08:19 PM
 the bitcoin has many users and investors,that's why the demand is getting higher and the bitcoin is getting rich, Grin
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