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Topic: Why bitcoin so expensive? - page 9. (Read 6513 times)

member
Activity: 66
Merit: 11
January 10, 2018, 10:32:44 PM
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
member
Activity: 336
Merit: 10
January 10, 2018, 10:25:57 PM
Because the more investment in bitcoin and the more price will continue to jump higher so its demand that traders and new comers are buying it even it's price is high, That's why bitcoin will be more expensive.
full member
Activity: 300
Merit: 100
January 10, 2018, 10:17:28 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.

In my opinion,its because of the demand . the higher the demand of the bitcoin the higher the price.
member
Activity: 62
Merit: 10
January 10, 2018, 10:14:22 PM
Bitcoin become expensive because of the demand of the people, there are many investors on it so the the value of bitcoin is going higher and higher. There is a limited allocation in bitcoin because there are only limited of supplies. It just in economy, there is law of supply and demand. As we can see bictoin is always pumping because of the investors and more investors wants to invest in bitcoin because bitcoin is more trusted, capable and more consitent than other coin.
Yeah supply being limited is a important contributor to the entire BITCOIN regime. Other alts have near infinite supplies for some reason lmfao
member
Activity: 294
Merit: 16
January 10, 2018, 09:50:52 PM
The market demand is great. Limited allocation. a simple description to describe the bitcoin price reaching its highest point to date. that's why finding bitcoin is getting harder
Well duh, the only reason BITCOIN or any similar asset like gold has value is because it has investors who believe it will rise in price
full member
Activity: 121
Merit: 100
January 09, 2018, 05:41:16 AM
I do not know why bitcoin is expensive than other coins maybe there are investors and many are rich in support and many bitcoin users than in other coin
full member
Activity: 140
Merit: 100
January 09, 2018, 05:08:48 AM
Technically, the value of bitcoin is unpredictable. It can increase or decrease its value drastically because it is a type of currency that is decentralized.
full member
Activity: 926
Merit: 100
January 09, 2018, 01:39:07 AM
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.

bitcoin is very expensive because of the influence of demand and difficulties the miners get bitcoin, the more demand for bitcoin the more expensive bitcoin, because the total supply of bitcoin is also very little.
member
Activity: 132
Merit: 11
Streamity Decentralized cryptocurrency exchange
January 09, 2018, 01:30:10 AM
Bitcoin price is governed by the law of supply and demand which basically state that the larger the demand with limited supply, the higher the price. Bitcoin’s supply is limited with just around 21million, fewer are in cirulation as many hoard the coin, but its demand is increasing by the minute as it gained popularity due to people wanting to grown their money through investment.
full member
Activity: 238
Merit: 101
January 09, 2018, 12:41:33 AM
What people have to understand first is, that you can also buy a fraction of Bitcoin. Hence, even though one coin is expensive, 0.001 might be affordable. On the contrary, many people do not seem to understand market cap. I always here people saying Ripple or Tron is cheap, as it costs only a few cents to dollars. They do not see, that there are billions of coins in circulations and this is the reason, why the coins is cheap, but both are already listed in the Top 10. That also explains, why many newbies just invest in all the penny cryptos. This is worrisome.
full member
Activity: 350
Merit: 100
January 09, 2018, 12:34:46 AM
 It is too expensive because many uses it and many of the people use it in traiding and other investing crypto. that's why it's so expensive.
full member
Activity: 227
Merit: 100
January 07, 2018, 08:05:06 AM
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.

i think people are becoming aware of bitcoin technology  when bitcoin became popular the demand naturally  increases  with the limitations.When the demand increases it will be more expensive for laymen.First of all we have to consider the electricity consuming cost  and the value of bitcoin.More electricity is needed  for bitcoin mining so if it is calculated together we can conclude whether bitcoin is expensive or not.
jr. member
Activity: 43
Merit: 6
January 07, 2018, 07:19:34 AM
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 Demand all want to buy bitcoin more than other times also limited supply make price crazy.
the idea that price can up and down fast make all try to buy bitcoin.
fast rich 
full member
Activity: 602
Merit: 100
January 07, 2018, 02:43:54 AM
Because of speculation. All of bitcoin investors are seeing it's value touching $100k or $1M even we don't why would it happen but we just know that it will and that's make the price higher and attract more investors.
newbie
Activity: 109
Merit: 0
January 07, 2018, 02:27:20 AM
there are limit of bitcoins. limit of bitcoins outs of some period. So sellers sell btc high prices. becouse they wants to get profits. so btc prise will increase that situation
member
Activity: 168
Merit: 22
January 07, 2018, 02:06:42 AM
The outside proccess also apply in crypto currency world,the higher its demand the higher the price bitcoin get.Beside one bitcoin is equal to 100.000.000 satoshi then why be surprise if bitcoin be expensive.Competition in the market is tight and investors keep using bitcoin that also affects its value.In our country 1 bitcoin is equivalent to thousands of money and almost near to million.Bitcoin might get higher in the near future so dont yet get surprise in its current value.
full member
Activity: 630
Merit: 102
January 07, 2018, 01:33:38 AM
because in my opinion, the more the investment in bitcoin and the more the price will continue to jump higher.dan let alone you by investing in ALT. you will find it easier to get results any time or every day.
member
Activity: 210
Merit: 14
January 07, 2018, 01:28:57 AM
Maybe because its so in demand that traders and new comers are buying it even its price is high.
jr. member
Activity: 53
Merit: 14
January 07, 2018, 01:27:55 AM
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.
We all know how the law of supply and demand works here in bitcoin. Before, the demand of bitcoin was not that big yet but as time passes by, the influence of bitcoin grows which affected the value of it. The value grew higher as the demand grows tall too. We can expect that bitcoin will be more expensive in the future since it is expected to be the world currency.
jr. member
Activity: 92
Merit: 1
January 07, 2018, 01:23:26 AM
Bitcoin become expensive because of the demand of the people, there are many investors on it so the the value of bitcoin is going higher and higher. There is a limited allocation in bitcoin because there are only limited of supplies. It just in economy, there is law of supply and demand. As we can see bitcoin is always pumping because of the investors and more investors wants to invest in bitcoin because bitcoin is more trusted, capable and more consistent than other coin.
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