Why bitcoin so expensive?

[Mpamaegbu]

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.

Two things, supply and demand, give a commodity its price and value. That is what is happening with Bitcoin. It will even get more expensive with time as the awareness for its usage increases. Remember that Bitcoin total supply is just 21million which really isn't much. Also, any coin that has increased usage and little supply will always have increased price.

[1715569369]

1715569369

[Dudeperfect]

Bitcoin is not expensive at all, it is just getting more valuable day by day. If we are talking about price in fiat currency then,

1 Bitcoin is equal to 1,675 Latvian Lats and the same Bitcoin is worth 13,81,57,865 Vietnamese Dong so it doesn't actually mean that it is cheap in Latvia and expensive in Vietnam.

Bitcoin was nothing a few years ago but more and more people joined the rally over the years and demanded Bitcoin,

10) Last but not least, who the hell is stupid enough to pay $5.00 now for a bitcoin?

Now Bitcoin is growing with a rapid growth rate and if demand continuous then the price will keep rising as per the law of demand and supply.

[androidpobeditel]

The greater the demand and the smaller the supply, the more the commodity will cost. So in the case of bitcoins, the demand for it is now growing, and production is increasingly limited, so the cost can not but grow.

[rashmishetty344]

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.

Since Bitcoin is decentralized and not governed by any one country, it’s not susceptible to major changes in valuation should a country do something that could make their money less valuable. Many people are using the cryptocurrency to keep their money safe from devaluation, or even to use it as they would paper money.

[ujjwalsethi]

Bitcoin is so expensive as now a days it is more adpoted by the people around the world. It's in demand as it values a lot and rising day by day. It is easy to exchange it online as it is cryptocurrency. It becomes expensive through stocks, there are million different factors that makes impact on bitcoin's price.

[pinkliar]

Well bitcoin is expensive now and in my opinion we are in a big bubble ready to burst out but I doubt it will go ever lower than 3k$. You can start gather money and when you think it's the perfect price for you to jump in , do it 

When you look for it dollar price you might say that this is so expensive and thats all that gonna do also that looking dor its dollar price but convert it and only look for the price of bitcoin this is not much expensive mg point is we dont have to look always for its price because we all know that as the time pass by it is gtoa and grow the price is high and high. So the price will be more expensive as long as we can have something to do just to have atleast one we must gonna do it so the wag now we look for bitcoin will never too expensive.

[Timoteus]

Limited amount of currency

[ashfer]

If you say bitcoin is very expensive now because now its only 6K dollars then what will you say if its rate cross 10k dollars so its better for you to invest now if you have funds which you are not afraid to loose because like every market the price of the btc also keeps improving from time to time and its never a loss to invest in btc as the price of the btc is based on the trust people have built on it and the growing demand for it makes the price go so high as there isn't enough btc to provide for the whole world.

[CryptoBankr]

The price of any asset, commodity, currency, etc. is based upon supply vs. demand. If the demand is greater than supply, its going to go up in price, if demand is lower than supply, the price will decrease. Right now we're seeing an influx of people jumping into bitcoin and other altcoins as its becoming more popular, and easy to do so. In addition, many new financial institutions, hedge funds, etc are jumping into the foray as well - so its pretty safe to say that demand it outpacing supply and driving the price up...

[Zackgeno96]

There has been constant demand for the bitcoins and new people have also started adopting the bitcoins. More numbers of investors are showing their trust to invest into the bitcoins for longer period of time. People are holding the coins with the hope of making good profit in the future. There is a limited supply and high demand for the bitcoin, which is one the main reason for the expensive bitcoins.

[Cranidos]

Bitcoin was expensive then so now the price is expensive-er and that makes the former cheap rather than expensive. With this in mind, I think that there is no point saying or whining about Bitcoin's price. We're all aware about the trend of Bitcoin's price and there is no doubt that it is upward. Nobody forces anybody to buy the whole 1 Bitcoin so why complain about the price.

[Dakshkapoor]

BITCOIN's expensiveness is depends upon its demand in market. More the demand more will the BITCOINS will be expensive. It had became a very attractive crypto currency so every one wants to grab them because if an investor will invest then he/she will get a huge amount of profit which is the main factor which had increased its demand in market.

[osasshem]

The reason bitcoin is expensive is because of the unbalanced nature in the crypto market. There is a higher demands for bitcoin in the market and the supply is limited, and that causes a big reason why the price will rise.

[Crypdon]

I think it is mostly FOMO as bitcoin has no use other than a store of value. It offers even less than dogecoin which can at least be used for tipping!

[Wexnident]

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.

Its market value is only dependent with its market demand so obviously, what makes bitcoin so expensive is the high demand profuced by its large and growing community in the market. It is now valued at 6000$ and still becomong more expensive. Same thing goes with a artists, if he/she is indemand, ofcourse his/her talent fee will increase. Correct me if i'm wrong but that's what i undersrood.

[jhonnydeep87]

Bitcoin will be very expensive if you buy coins or investments. this is the first of its kind so that the popularity of bitcoin demand based on blockchain technology and total coins that are always in circulation is so limited that the smaller the coin and the higher the value it can be like gold or diamond.

[Loope]

For me as my opinion, it is so expensive because there will be an increasing number of members, it is acceptable in some banks. Although we already knew that it is world wide currencies that's the another reason why bitcoin is so expensive. Basically bitcoin give a lot opportunity in order to live and stay alive in this world. it is quick currencies.

[Altero]

For me as my opinion, it is so expensive because there will be an increasing number of members, it is acceptable in some banks. Although we already knew that it is world wide currencies that's the another reason why bitcoin is so expensive. Basically bitcoin give a lot opportunity in order to live and stay alive in this world. it is quick currencies.

Only the community bring this into very expensive, as it become highly in demand in the market-the more it will soared high. Of course, we are happy because a big chances of earning more profit as compared in the past days. And today's price, might attract more investors to take a part of this very fast growing investment.

[qwertyuiop0987654321]

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

Bitcoin is expensive because its value increases everyday I think. It is due to varying price of it. Also, its value to other currencies is different which make it more expensive for them to buy it.

[Hanablue]

Because its lesser in the cap, and thats why every one wants to buy it. If it having a huge market cap like dogecoins then it would never have been this expensive. The less the more valuable.