Why bitcoin so expensive?

[mrbnson]

There are many ways of being bitcoin expensive. As many formalities are involved with this, that's why it is so expensive.

Formalities have little to do with it, bitcoin price is decided by supply and demand and nothing more, demand is currently ever increasing at a rate greater than supply is increasing and so the price continues to be pushed up. Demand can be driven by some formalities perhaps, in the sense of if there is much effort required to buy bitcoin then the price will decrease.

[jake zyrus]

I think it is because of the many
users and investors in bitcoin.

Yes because bitcoin now is very popular so that many users and investors joining in bitcoin. Because in bitcoin you will earn  unlimited income so that many of us want to join in bitcoin.

[gundala]

I think it is because of the many
users and investors in bitcoin.

Yes because bitcoin now is very popular so that many users and investors joining in bitcoin. Because in bitcoin you will earn  unlimited income so that many of us want to join in bitcoin.

bitcoin prices can be this expensive through a long process. to date, public trust in bitcoin is growing and investors are increasing. that is why the demand for bitcoin is getting bigger, while supply is limited, thus causing higher bitcoin price. in accordance with the law of supply and demand.

[complexMachines9]

because many want to invest in it, that is why. it has high demand

[Yur]

Bitcoins are expensive because the demand are so high and stocks are limited , The more people will invest in bitcoin, the more the value surges up, One main reason why people wants to invest btc because easy money, Bitcoin is always in the mainstream usually in the front page of social sites, It becomes popular globally. It will indulges everybody to join in investing btc 

[WatchMaker]

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 the demand of bitcoin is high than the supply. There are only 16.7 million bitcoin in circulation worldwide. How can 16.7 million bitcoins satisfy the need of the world? that is why bitcoin is expensibe.

[cepedacharles29]

For me, bitcoin is so expensive because of the demand and the way how you can use it and bitcoin so expensive because of the digital currency they had time that the price is so high so when reached the high price of btc and when i convert it to my own currency it is become a expensive. and the bitcoin is very popular. Many people are now willing to try bitcoin and ready to buy bitcoin why the demand of bitcoin is increasing and the price of bitcoin will also increasing. That is the reason why bitcoin is becoming expensive.

[apaachi]

I think it is because of the many users and investors in bitcoin.and it is more popular in these days

[TheReverseTrader]

It was once so low 2009 I think. Its price was only .2 usd. Imagine .2 usd for 4000 usd? That's how this cryptocurrency can go. It can go to the moon. Probably this cryptocurrency will reach 10000 usd in the near future. Just wait guys.

''Near future'' only 3 months has passed and we went to 20k usd. I think you didn't see that coming so fast 

[prieaji]

depending on the money it will sell, bitcoin is really great to serve as an investment so you can see the more expensive potential income you can get in bitcoin, you try to do and will see his hansil that dioeruntukan on the investment you do to buy, it's up how many of you will be willing to buy it.

[Dapper]

It's certainly less expensive now.    What a dip!

 

[Rrtt]

The price of bitcoin is driven by market demand. It is very volatile. You should be aware that the price may rise or fall at any time.

[AlaitisalKhayr]

Many investors are buy bitcoin. Their money is in form of bitcoin, bitcoin is just like goods but its virtual so they will not sell their goods in lower price, logically. There are more investor that also want to buy bitcoin, it make s the demand increase.

[levvv]

Because Bitcoin is limited and doesnt have a big supplies, and has a big demand.
Therefore you can buy bitcoin at fractions too.

[moli1]

The price of bitcoin is down more than %25 from an all-time high of nearly $20K reached this past weekend market data shows.
Prices fell to as low as $14,502 to start today's trading session, according to CoinDesk's Bitcoin Price Index (BPI),
about 27 percent from the all-time high of $19,783 reported on Dec. 17.
Overall, bitcoin has seen several notable price drops following Sunday's gains,
including a dip below $17,000 on Tuesday that accounted for a roughly $1,800 drop on the day.
Indeed, analysts have suggested that the price could experience continued volatility as 2017 comes to a close and new money,
brought in by bitcoin's meteoric gains, exits for fiat. Get well Soon Bitcoin! 

[Yousint0r]

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.

Demand make bitcoin expensive, No bank deals make bitcoin expensive blockchain will make bitcoin most expensive coin ever.
altcoin is other version of bitcoin make bitcoin expensive.

[KeithBeeCham]

Currently, Bitcoin prices are falling rapidly, at the rate of Bitcoin currently stands at 13,000 dollars, the lowest in the last 1 month. So you question why Bitcoin expensive so I think at the present time, Bitcoin is gradually losing its inherent value. Bitcoin is a crypto limited, there are many buyers and holding it so its price always increased so that the price of Bitcoin new like always expensive. 

[dotts]

Everyday more people learned about bitcoin trough campain, social media and bounty and because of this more people are interested in BTC and the potential to get profit from it. This is the very reason why BTC price today is so expensive.


 

[yashjaat]

“SmokeTooMuch” offered to sell 10,000 bitcoins for $50. No one took them up on their offer. At the time, Bitcoin was worth almost nothing for more than a year. No markets existed to exchange bitcoins. Few people actually knew about or used the cryptocurrency. Bitcoin existed as little more than a really cool idea and nothing more.

Around May and June of the same year, the cryptocurrency became worth around 1 U.S. cent. As more people learned about the technology behind cryptocurrencies, Bitcoin’s value grew until it was worth one U.S. dollar in Spring of 2011.

[rivercorei]

The reason behind why bitcoin have a high market value is many people are engaged of using their services.
 because there are so many interest on it, The supply is decreasing and more and more demand is increasing day by day that's why the value is keep on increasing and we should hold our coins longer so we can get more profit in the future.