|
dasdo
|
 |
September 26, 2017, 02:35:43 PM |
|
1. Because there is a limited number of it, only 21 million. Consequently, the more you learn about it and buy it, the more expensive it is.
2. Almost every crypto currency is created on the basis of the bitcoin code, and if such a crypto currency introduces its economy into this code, then it's generally cool.
3. It will be popular, as long as it sees ways to circumvent the laws of states, tax, money laundering.
4. Smart contracts and blockchain, no comment)
|
|
|
|
|
|
|
|
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
Nahl
Legendary
 Offline
Activity: 1652
Merit: 1000
|
|
September 26, 2017, 02:41:23 PM |
|
there are so many things why bitcoin so expensive especially if bitcoin convert to the particular currencies even if bitcoin convert to my currency the amount is worth for buy 2 or 3 new motorcycle and also worth to buy daily needs for one family live for several months but the simple reason is more demand means the price too will automatically high and i think this is the main cause why bitcoin so expensive
|
|
|
|
|
sarojan9980
Member
Offline
Activity: 118
Merit: 10
My Identity Coin
|
|
September 26, 2017, 02:41:41 PM |
|
to days in India now bitcoin value is increased because the effect of demonetized of 500 and 1000 rs notes in India. so this reason led to a price increasing of bitcoin in India
|
|
|
|
|
Carlsen
|
|
September 26, 2017, 02:49:42 PM |
|
Bitcoin is getting more and more expensive because people consider it to be an investment.
The number bitcoins bought by long term holders is rising in a larger way than new bitcoins can be mined.
That means less supply and an at least constanat demand. Only possible outcome in that constellation is a higher price.
|
|
|
|
|
andrearz
|
|
September 26, 2017, 02:52:48 PM |
|
the reason is quite simple: bitcoin is currently the favorite virtual currency in the online world because of the many conveniences in bitcoin. when I get to know bitcoin I have not been too interested but the more I read the more interested it is also to have the bitcoin.
|
|
|
|
|
|
abyaby123
|
|
September 26, 2017, 02:54:19 PM |
|
During the economic crisis , the trust people had on the existing financial systems and the form of money was shaken. It was roughly during this period that a white paper called as Bitcoin which was Electronic Cash System. Bitcoin was the world’s first digital decentralised currency. It din’t require the function of a bank and relied on a trust less network. The gold like properties of Bitcoin made it very superior. Soon a lot of big companies started accepting payment in Bitcoin and eventually the interest level of the general public grew. The currency started getting traction and so did its price. Everybody wanted to own one and hence the price increased rapidly. Another major factor for Bitcoin price rise has been the opportunity to trade in them. Numerous exchanges started opening up that facilitated Bitcoin trading and with each new development.
|
|
|
|
|
Jedzkie050617
Member
Offline
Activity: 476
Merit: 11
|
|
October 25, 2017, 07:18:53 AM |
|
Bitcoin, nowadays become expensive due to its demand in the world of crypto currency. Eventhough it will flat for a little while but its value will increase after some moments. As I remember, last year its around 700USD but now its getting its value increase as the time passes by due for some investors and traders.  |
|
|
|
|
|
siti25
|
|
October 25, 2017, 07:43:27 AM |
|
I guess because as time passes more and more people are interested in bitcoin, more and more bitcoin users. And the number of incoming ads that make bitcoin more expensive. More people are investing too. Now it's a lot of spreading about bitcoin so everyone knows what bitcoin is, I think more and more users are getting ahigh of bitcoin prices.
|
|
|
|
Zasluzkar
Newbie
Offline
Activity: 47
Merit: 0
|
|
October 25, 2017, 07:48:55 AM |
|
Bitcoin value based on market's demand, if theres demand more than supply, the value will increase.
So it is realy simple:
A:Circulating Supply:16,645,212
B:Market Cap: 93,095,006,195
So: B / A = $
93,095,006,195 / 16,645,212 = 5592.90
|
|
|
|
|
|
Eugenar
|
|
October 25, 2017, 07:58:25 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 expensive because it is having a high market demand. Bitcoin's market price is just depending on the demand that it is having from the market. The demand is generated by its growing community. More people are moving towards Bitcoin because it is profitable to most of its users. More of a domino effect that as its community is becoming larger, the demand is rising that also, makes its market value more expensive. |
|
|
|
|
|
helars2008
|
|
October 25, 2017, 08:40:25 AM |
|
The main reason why bitcoins becomes more expensive as day goes on is because of the limited supply while the number of investor continuously increases which will then result to higher demand. Most of the people engage with bitcoin nowadays wanted to hold some bitcoin for themselves and this will only further bring the price higher.
|
|
|
|
|
Choyor
|
|
October 25, 2017, 09:07:56 AM |
|
There are many factors that make the Bitcoin price high, the more demand for Bitcoin price is higher. Due to its easy use, bitcoin attracts many people, due to the large number of requests and the limited amount of Bitcoin, the Bitcoin price is ultimately very high. that's my opinion
|
|
|
|
|
|
Xervo
|
|
October 25, 2017, 09:15:10 AM |
|
Bitcoin is so expensive and constantly rising in price for several reasons. Because there is a limited amount of it, only 21 million. Because almost all promising crypto-currencies take as their basis the digital bitcoin code, change it a bit and create a new crypto currency. Because bitcoin carries with it promising ideas, processes, technologies that will be very useful to people in the future.  |
|
|
|
|
|
dyewic
|
|
October 25, 2017, 09:19:49 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 agree to you that bitcoin is so expensive that if it will be converted to my country's currency it will cost hundred of thousands too, but in 2009 if you convert bitcoin in my country's currency it cost only 1 peso but now, it cost 300 thousand pesos. I think bitcoin is expensive because it has a limited amount of currency. |
|
|
|
|
|
Svelto
|
|
October 25, 2017, 09:22:24 AM |
|
If you are referring to the price of Bitcoin now at $5000+ is expensive as compared to few years back at few hundred dollars. This is because the demand for Bitcoin has gone up and the buyer is willing to pay more for Bitcoin. Bitcoin is a cryptocurrency and yes this is the big deal.
|
|
|
|
|
crustycrab666
Full Member
Offline
Activity: 560
Merit: 104
terra-credit.com
|
|
October 25, 2017, 09:22:53 AM |
|
reasonable, nowadays bitcoin is getting popular. advertising on youtube about cryptocurrency more and more. that means demand for bitcoin more and more. but do not worry, if the capital to buy bitcoin still does not exist, you can start in a graceful way, that follows bounty. altcoin obtained from bounty is collected and then exchanged with bitcoin.
|
|
|
|
|
Celsiuss
|
|
October 25, 2017, 09:25:21 AM |
|
This is basic economics, when there's a hard limit on how much bitcoin can exist, it will be crazy expensive. Bitcoin only becomes more popular, and therefore the price goes up and up. We've tried to solve having 10 decimals, by using mBTC (milli bitcoins) and bits (1/1000 bitcoin). Some even use satoshi (1/100 bits). Personally I like to just work with normal BTC since it makes most sense to me, but I think bits is the way to go if you don't like all those decimals.
|
who cares
|
|
|
CryptoWorld87
Full Member
Offline
Activity: 406
Merit: 100
kingcasino.io
|
|
October 25, 2017, 09:25:47 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 lemited to 21 million max supply only and they other already holding a thousand bitcoin and the emagine if 21 million people also around the work want to hold bitcoin supposedly they have to hold 1 bitcoin each but the other already holding thousand that the reason that the demand will goes up so expensive because some people holding a big amount of bitcoin they dont want to sell it in a low price |
|
|
|
|
teilwalL05
|
|
October 25, 2017, 09:26:36 AM |
|
The main reason why bitcoins becomes more expensive as day goes on is because of the limited supply while the number of investor continuously increases which will then result to higher demand. Most of the people engage with bitcoin nowadays wanted to hold some bitcoin for themselves and this will only further bring the price higher.
Yup! when the number of people in the community increases the demands for bitcoin also increases and miner would just mine a limited supply of blocks that is why it will be in demand in the market, in that sense the value will sure increase, that is why it is really good to horde bitcoin than to use it in spending that is why you can really lump it with gold, that in years passing by the value will sure increase as well. |
|
|
|
|
|
Zigzagkuy
|
|
October 25, 2017, 09:26:58 AM |
|
Amount of people who are bitcoin users is more than the amount of bitcoin in the world. More and more demand is unbalanced with a stock of only a few million (my estimates).
The point is a rare bitcoin, the price will be expensive.
Yes, true. I agree with you because bitcoin is hard to find and rare. then make it very expensive. |
|
|
|
|
|
