Topic: Why bitcoin so expensive? - page 7. (Read 6526 times)
The main reason behind the sky touching price of Bitcoin is what you have already told. Whenever there is a huge demand of a specific item and that item is present in a tiny amount, it becomes expensive. the price of bitcoin expensive one of them because bitcoin is very famous with a limited number, not everyone can have bitcoin.
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.
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.
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.
Interesting point of view, never though about this. no it really seems not very expensive
the price of bitcoin expensive one of them because bitcoin is very famous with a limited number, not everyone can have bitcoin, therefore we know the price of today's bitcoin is fantastic
expensive because of the demand, everybody wants to be in possession on bitcoin these days. Also the way it is produced or created is expensive (includes time, electricity, mining rigs). Also btc is the 1st coin to get world wide known.
Bitcoin is expensive because the supply is not keeping up with the demand. And with every passing year, the supply is getting reduced. I am not complaining, as the prices are rising and I am gaining out of it. If you think that Bitcoin is too expensive, then there are a lot of other options out there.
The main reason behind the sky touching price of Bitcoin is what you have already told. Whenever there is a huge demand of a specific item and that item is present in a tiny amount, it becomes expensive. From the very beginning the total amount of Bitcoin was a scarce one. That number is decreasing day by day and we are left with even fewer bitcoin. I understand that you are just telling the truth, so am I, my friend. No worries.
Bitcoin cheap as of now the real price of bitcoin is 1 million dollars the reason is limited supply and lot of demand and technology behind bitcoin
Actually bitcoin demand is going high day by day and that’s why its price is going high its now very valuable in market because bitcoin is the only currency which is doing something great for its users and in a very short time bitcoin reached to many countries it’s not only helping in economy of countries but it’s also reducing unemployment in many countries that’s why it’s becoming very expansive and it will be more expansive in future.
Because the value of bitcoin is recognized by many investors, the number of bitcoins is limited, very few, and the mining of bitcoin consumes a lot of energy.
This is on the grounds that the bitcoin has numerous clients and investors,that's the reason the request is getting higher and the bitcoin is getting rich,as the bitcoin keeps on growing up and being known many individuals are getting intrigued this is on the grounds that they saw the genuine impact when utilizing this,and now individuals are keep utilizing these in numerous different ways.And many factor of being the most costly crypto,because bitcoin is the worldwide cash as I say it is the most known crypto,and it can possibly administer the cash.
This Week in Bitcoin: Kraken, Korea and a Whole Lotta Crazy..
This week in bitcoin was all about Korea, although every week in bitcoin is all about Korea.
Markets dropping? Blame Korea. Markets soaring? Credit Korea. Zero fee trading sends a pointless altcoin pumping?
You bet it comes from Korea. While real news, fake news, and news whose legitimacy is a matter of dispute emanated from the east, there were big stories breaking stateside, like the Miami bitcoin conference that can’t take bitcoin.
This week in bitcoin was all about Korea, although every week in bitcoin is all about Korea.
Markets dropping? Blame Korea. Markets soaring? Credit Korea. Zero fee trading sends a pointless altcoin pumping?
You bet it comes from Korea. While real news, fake news, and news whose legitimacy is a matter of dispute emanated from the east, there were big stories breaking stateside, like the Miami bitcoin conference that can’t take bitcoin.
The reason behind why the market value of bitcoin is ranging so high in the world market is because of they have a huge, huge, huge demand in the whole world.
They have loads of supports in different country most especially in United States of America. Through a high demand it occurs a huge impact on the market value which resulting to increasong upon its price.
They have loads of supports in different country most especially in United States of America. Through a high demand it occurs a huge impact on the market value which resulting to increasong upon its price.
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.
I think what makes bitcoin so expensive, especially against all other cryptocurrencies is the fact that it is one of the longest running online currency in the internet. Not to mention it's popularity to people which is merely rising with the help of the social media advertisements. All these makes it in demand that's why it is expensive.
there is no such a thing like expensive or cheap. I mean we cannot label it so easily as it should be interpereted from the frame of supply and demand. there are different parameters to evaluate this. if we come back to your question about why btc price rose so much, the answer is the demand rise.
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.
may be bitcoin very expensive because the enthusiasts who join in bitcoin more and more, investors are also increasingly investing in bitcoin and the number of people who make sale and purchase transactions in bitcoin so that the popularity of bitcoin prices higher. Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
Bitcoin cheap as of now the real price of bitcoin is 1 million dollars the reason is limited supply and lot of demand and technology behind bitcoin
Expensiveness of bitcoin is not an obstacle for buying it. Users can buy some fractions of this coins – Satoshi. The high price of one coin can be explained by its popularity first of all.
I think Bitcoin is very expensive because it is invested in a big, real source of future life, it is also an effective payment
why bitcoin is so expensive? correct me if im wrong, but bitcoin is now so popular and widespread in the world, and because of the bitcoin demand in the market, the price of bitcoin increases, but I'm not sure that I know why it's so expensive, because the bitcoin is not quite popular and its price is so expensive yet today it's so expensive
Bitcoin has less number of coins than the actual demand. That is the main reason of the price surge. Less supply, High demand.
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.
Bitcoin is a cryptocurrency but not just what it is. It's value is greater than the ordinary fiat. But saying it is expensive, not really. It is your choice of you will make it or go to something that will cost you that much. This could also be based on how much you thing of or how you define expensive.
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.
I think what makes bitcoin so expensive, especially against all other cryptocurrencies is the fact that it is one of the longest running online currency in the internet. Not to mention it's popularity to people which is merely rising with the help of the social media advertisements. All these makes it in demand that's why it is expensive.
The only reason why bitcoin is ver expensive due to many people had interest on bitcoin. The more the people get involve on it, the price become higher. Many advertisers promote bitcoin in many ways that's why the is suddenly increase of people attracted, resulting to increase in price of bitcoin.
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