Why bitcoin so expensive? - page 6. | Bitcointalksearch.org

yamete kudasai

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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.

for me I think the major factor for bitcoin price rise is the opportunity to trade in them. but their is another factor on whythe bitcoin is so expensive, and that is because the bitcoin is the most popular and the most valuable coins among all and for the cause the demand on bitcoin will increase and also it's value.

JesusCryptos

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Relax, starting from today Bitcoin is not so expensive any more. You can buy now and make reserves for the future.

Doni Ariyanto

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In my opinion, maybe because Bitcoin is created limited, this is so that bitcoin remains valuable. And this is successful, the last few years bitcoin prices really skyrocketed. This is because people believe that bitcoin values will continue to rise and rise, even for now almost everyone around the world wants bitcoin.

Hazaki

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Quote from: DainSLane on January 16, 2018, 02:46:10 AM

Bitcoin is expensive because it is popular. Due to high demand, bitcoin is becoming expensive. It gets more and more people wanting to invest on it that's why the price is becoming high. It depends on how people welcome it.

Well it is now facing a drop of -20.81% in price for today only and a coin is worth $11 077,60 which is the lowest in the past 6 weeks !
Even tho people are welcoming it and it is the most popular coin in the whole world it doesn't mean that it'll always be skyrocketing .
Actually people are entering another loop of "panic selling" and "getting rid of this scam coin" because of the price drop , but personally i'm very happy with this because it'll allow me to invest more money in Bitcoin since it hasn't been this low for so long and i've been saving up for such opportunities ! .

Quote from: Improperstammer on January 16, 2018, 05:21:04 AM

I think Bitcoin's price is now rather expensive because of the sheer demand as an effect of how popular it has become. We don't see this in any other coin 'yet' since Bitcoin is the only crypto that most of the world has learned to trust..

Trust is one of the most important factors for people when it comes to putting money in something , and bitcoin has indeed succeeded at gaining the trust of so many people around the globe . Bitcoin enthusiasts and the "actually have a brain" part of the community are doing a great job to promote for it , and we do all agree that no other coin has the potential to catch up with what bitcoin has achieved .
This dip happening at the moment is a free lottery ticket and everyone should get their hands on some coins IMO .

tabas

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Cheers people, bitcoin got cheaper hurry and get your discounted bitcoin's already. The whole market is experiencing a big dip, yes it's just a dip and correction not a crash. If you have some stock on your USD balances then you don't have to miss the chance of riding today or else you'll regret it when it has been seen at $20,000+.

darrly

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As more and more people knows aboutbit the more investors there will be. Once there are so many investors, the demand will get high while the production of bitcoin has limit. If that happens, the vslue of bitcoin will rise.

AriannaSantosUU

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I think one of the major factor for Bitcoin price rise is the opportunity to trade in them. There are a lot of exchanges started opening up that facilitated Bitcoin trading and with each new development, it most likely that the price of Bitcoin will really get high.

Tungsten-1

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Quote from: mkettler on January 10, 2018, 10:32:44 PM

Quote from: Kevondo on January 01, 2018, 12:04:34 PM

Quote from: CantIdentify on December 27, 2017, 07:59:23 AM

It's really popping now! But not just bitcoins... has anyone invested in some ICOs? I invested in modultrade, love it

Yes people are complaining about it and they are forgetting about profit they are going to have in future;. Price of bitcoin is best for everyone to have best and high profit I can say future with bitcoin is totally up to price of bitcoin is bitcoin price will be high chances for profit will be high and if price of bitcoin will be low chances for profit will be low so just be calm and be ready to have benefit from it.

Ehh, the point about people “using it” is kinda meh since people have stopped using it per se instead switched to other alts for actual payments thanks to the fees

No one would like to leave this kindda good and reliable currency yes transaction fees are low and conformation has become fast. It has a lot of followers and users, people are searching bitcoin and on internet bitcoin is top currency that has been searched for 10M views in just months so that bitcoin is most famous currency people trust it for having huge potential and benefits for people.

xuv500

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Demand and supply with market cap in crypto currency makes a crypto currency expensive if you compare that with paper currency. Bitcoin concept is decentralization, peer to peer and block chain technology, these elements makes bitcoin the top trusted and worth crypto currency till date. You can say or ask in other word, why paper currency is so cheap.

engrdaver

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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.

To put it simply, something that has high demand yet limited supply will always be expensive because people will be buying it. Another is that people today have learned the value of Bitcoin and the possibility of making it an investment. Also, talks about using Bitcoin as an international currency for online payments intrigues people, so more are getting into the Bitcoin fever.

Improperstammer

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I think Bitcoin's price is now rather expensive because of the sheer demand as an effect of how popular it has become. We don't see this in any other coin 'yet' since Bitcoin is the only crypto that most of the world has learned to trust..

hibiscus

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Bitcoin is the first cryptcryptocurrency which has ever started in the market.While starting the bitcoin its price was low as usual with other cryptocurrencies now. By studying and understanding the merits and demerits of the Bitcoin more and more people are attracted in to it for the investment and hence naturally its market demand and price has increased.

Marry Finch

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Demand and supply are the cornerstone of the entire economic system.
Issue of coins is limited to 21 million Bitcoin. This means that it will not be possible to issue crypto currency indefinitely, and it turns into a category of scarce goods. What happens to ordinary money, when does the central bank include a printing press? Money is falling in price, inflation is growing. Coins Bitcoin problems of cheapening are not terrible. Closer to the upper limit of the emission, the more valuable the purchase of the crypto currency for investors and the higher the price. On the other hand, with the approach to the upper emission point, the process of extracting crypto-currency is also complicated. The cost of time and money to create one block is growing. Accordingly, the cost of coins also rises.

dama12

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Quote from: klf on September 25, 2017, 09:13:00 PM

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.

because the bitcoins has many users and investors.bitcoin becomes very expensive one of them is due to the limited amount of currency.amount of people who are bitcoin users is more than amount of bitcoin in the world..

Bellator

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Quote from: DainSLane on January 16, 2018, 02:46:10 AM

Bitcoin is expensive because it is popular. Due to high demand, bitcoin is becoming expensive. It gets more and more people wanting to invest on it that's why the price is becoming high. It depends on how people welcome it.

For me, bitcoin becomes more expensive because of many people who are still using it and because of its popularity also. Due to its high demand, it will be more expensive day by day. It becoming more expensive also because of its advantages that can really attracts people, the good characteristics that can really attracts people to use this. Bitcoins price becomes more expensive because of many people who trust bitcoin completely. Bitcoins price will depend on how people really accept bitcoin as there job. Price of bitcoin keeps on increasing because lot of people continue to invest here in bitcoin.

jayco25

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Bitcoin is very expensive right now because of demand . A lot of people also a lot of investment in bitcoin so that the price of bitcoin rise so HI. But time will come price will go down.

andybits

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Not really that expensive compared to what it will be soon.

Eterbank

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Most popular coin and it is scarce. Those 2 in combination makes price expensive.

oviudiu

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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.

You can always buy pieces of it, you don't have to buy a whole Bitcoin if you don't have the money. You will still benefit from the price increase.

boddy.dy

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I think why bitcoin is so expensive because of two core values and that is its supply and its demand. I read form some articles that there are only few bitcoin in the word. And that small amount of bitcoin is distributed in the whole world. Now that its user grows rapidly, and its use are also increasing or in the other word it is now accepted in many aspects, like stores and remittances centers. With this situation surely its demand will also increase. Therefore we can conclude that the law of supply versus demand is the main factor why bitcoin now is so expensive and still increasing its value.

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