Why bitcoin so expensive? - page 5. | Bitcointalksearch.org

naufals4

member

Activity: 574

Merit: 11

Quote from: Raffy11 on September 25, 2017, 08:09:13 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

cadiente014

newbie

Activity: 22

Merit: 0

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.

yytcoin

member

Activity: 112

Merit: 21

Bitcoin is expensive, it is a digital encryption currency, it is an innovation, a technological innovation, unlike other currencies, so its price is high.

madainfamous

jr. member

Activity: 54

Merit: 10

Quote from: Raffy11 on September 25, 2017, 08:09:13 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.

Prem.Soorajpaul

full member

Activity: 199

Merit: 100

0xB911101025014BfCaA3B17BC7683C0817489bB28

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.

Oscar1979

newbie

Activity: 92

Merit: 0

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

ilovestroberi

member

Activity: 97

Merit: 11

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.

bionicles

newbie

Activity: 8

Merit: 0

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.

retnoanjani

full member

Activity: 630

Merit: 100

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.

cryptojoe

sr. member

Activity: 353

Merit: 250

Bitcoin is very expensive if it is converted into my country's currency so it costs hundreds of thousands.

SunJAB

member

Activity: 406

Merit: 10

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

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.

CoPil

member

Activity: 168

Merit: 10

Quote from: Raffy11 on September 25, 2017, 08:09:13 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.

cryptojoe

sr. member

Activity: 353

Merit: 250

It is expensive because many people are buying into it so the demand for it is increasing daily.

Valentina N

full member

Activity: 798

Merit: 103

https://www.swanfinance.io/

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?

Rakabel619

full member

Activity: 322

Merit: 100

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

elitelongbowman

jr. member

Activity: 59

Merit: 10

Quote from: aiza2007 on 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

Yes , when there are too many people want to own Bitcoin, the price of bitcoin will be pumped by them.

CryptoBalds

member

Activity: 90

Merit: 10

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.

JoseJoseJose

jr. member

Activity: 138

Merit: 4

Varanida : Fair & Transparent Digital Ecosystem

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

Geoll29

member

Activity: 266

Merit: 10

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.

aiza2007

newbie

Activity: 108

Merit: 0

the bitcoin has many users and investors,that's why the demand is getting higher and the bitcoin is getting rich, Grin

Topic: Why bitcoin so expensive? - page 5. (Read 6526 times)