Why bitcoin so expensive?

[HunterBTC]

Because of the economic performance of the market, when it first came out Bitcoin did not have any interest and still very cheap, with the passage of time and development that exist in Bitcoin more and more people who know the existence of Bitcoin and more and more who understand the Bitcoin. Therefore, many of those who have bought Bitcoin and more and more demand. That way, more and more enthusiasts or buyers naka increasingly langkan and the more expensive the price of Bitcoin, such as the principle on the sales economy.

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[TomUyamot]

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.

The same question that came from the baffled minds of those people from the banks and central government authorities. Why the heck did Bitcoin rise so high despite it being just an online currency that started very private and anonymous? The answer is that Bitcoin is offering a different kind of services. The kind that will puts banks useless to a significant extent. Thus the demand increases so quickly that resulted in the increase of its value.

[rickn]

Actually the price varies according to supply and demand. Moreover, as supply is limited, demand will continue to grow and the tendency is for bitcoin to continue to appreciate

[bce]

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 the answer is very easy and it is often the answer because bitcoin is a means of investment that the result is very large and tax-free it happens in my country, something that gets big profit of course require big capital also

[Hmei777]

because users are also increasing from time to time, and this is very influential on the price of bitcoin.

[Hmei777]

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.

many people assume that bitcoin prices are also very influential on buying and selling transactions, I also think so in this case.

[farhan28]

Though no one can't control bitcoin,bitcoin price is daily increasing & so it is so expensive...Its people interest what makes bitcoin more expensive...People invest in bitcoin & they hold big amount...This is one of the reason to being expensive..

[Thecryptocurrency09]

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 don't think bitcoin is that expensive.  I could depend upon the one who is using it if they will choose to make it expensive. Bitcoin could be but it is always a choice. You can gain bitcoin in many ways. You can even have some of it without spending much. All you have to do is to look forward on some of its possible ways through sources like internet.

[wer9d25gqj]

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.

first thing, there are only 16m circulating supply of bitcoin [https://coinmarketcap.com/], and the number of investors keep increasing, and the number of people who gets bitcoin keep holding it for long term. thus price increase.

the world havent fully accepted bitcoin yet, if you call that expensive then you dont have any idea what it will become when its market cap reaches trillions of dollars.

[munify]

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 becomes expensive because of the large number of requests while the number is limited.

[albert11]

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.

first thing, there are only 16m circulating supply of bitcoin [https://coinmarketcap.com/], and the number of investors keep increasing, and the number of people who gets bitcoin keep holding it for long term. thus price increase.

the world havent fully accepted bitcoin yet, if you call that expensive then you dont have any idea what it will become when its market cap reaches trillions of dollars.

Bitcoin's price rely on what's happening on its market. As the demand increases with the supply decreases, its value also increases and vice versa. Bitcoin has been all over the social media the past few days because of its price making more people curious to try it. As more and more people invest in it, its value also continues to increase.

[Turkish88]

Bitcoin price expensive for several reasons: first its limited quantity, then btc is most popular coin and many coming in crypto trough bitcoin. Next reason is big demand, poeoples holding their btc's and its born coin deficit

[spiritguardcharles]

The only thing that i know so far to btc is it's value is rapidly increasing from time to time and the value of btc in my country is no joke.Despite of me being active in btc for almost a month, i'm still wondering why btc has an unbelievable?  price and how does the value increased?.There's still some question in my mind that i really wanted to ask but maybe i'll be able to find the answer behind  btc and become knowledgeable about btc which will probably take some time

[Zaarin]

Bitcoin is very expensive because of the limited amount of currency, on the other hand the number of advertisements on various social media.

[rainezerr401]

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 not expensive before back in 2010 but it only happens that there is a lot of people who are interested on investing on it that's why the value of bitcoins grows. The market is also volatile and the reason why bitcoins is keep on increasing , It is because of the demand coming from investors that's why the supply is decreasing and makes the value of bitcoins in the market increase.

[BagzMM]

It's because people are getting much interest on bitcoin. It's now popular in the social media and investors are now riding on the popularity of the bitcoin.
Those people who bought bitcoin in Y2012 are now millionaires.

[kjnfmplm]

Bitcoin is expensive because of its high demand among the users, buyers, and investors. Since it is increasing in popularity, it is becoming a well-known typè of currency. The cryptocurrency. Investors amd businessmen know the potential of these currency.  Since more and more people are getting to know this type of currency, it is no wonder that bitcoins became expensive as time passes by.

[sungaiyangderas]

it's pertinent to its currency, but good for it is that bitcoin is really a lot invested with as much as you can get if you really have the willpower to invest and then try a few few and you will see results.

[qtypatuty]

It is for the reason that the Bitcoin has a number of users. That is the reasoning of why its demand keeps getting higher. As the demand increases, the value of Bitcoin also increases.

[RKSummer]

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

Basically, its prices are going up due to high demand and less supply. More and more businesses start accepting bitcoins for regular usage then its demand will go up but supply may not increase so fast so its prices will shot higher. The current prices may be looks expensive for now but after two or three years these prices may look very cheap so start investing in it instead of worrying about whether it is expensive or not.

Bitcoin is so expensive because of its nature. Decentralization makes it so popular. The government can't impose taxes in bitcoin. Bitcoin is a viable and tradable assets. It is very easy to trade and invest with a very low transaction fee.
The accessibility and popularity of bitcoin comes with the increase of its demand.