Why bitcoin so expensive?

[panapi3200]

Bitcoin is expensive because of its higher demands to the people.As years pass, the bitcoin will be much well known  and more people will be interested to this.

[anne.montes]

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 of its high demand and its scarcity. Just like in product distribution in economics, the high demand plus low supply will result to a higher price product or item.

[Figuran-]

Bitcoin very expensive because of the limited amount of currency, in addition to the number of advertisements on various social media that say bitcoin will be the global currency which is a very costly bitcoin making factor.

[TheGreatUnknown]

Bitcoin price is high because of its demand and it's amount is limited, this is ideal to a market where when the price is high it has limited supplies and also bitcoin gains most demands in any other cryptocurrencies that's why its price is high.

[mangkiko]

The main reason behind the sky touching price of Bitcoin is what you have already told. Whenever there is a huge demand of a specific item and that item is present in a tiny amount, it becomes expensive. the price of bitcoin expensive one of them because bitcoin is very famous with a limited number, not everyone can have bitcoin.

[newb-dev]

Bitcoin is not expensive. It's just a great thing for the future. Bitcoin is the next power

[CARrency]

Bitcoin is not expensive. It's just a great thing for the future. Bitcoin is the next power

I think bitcoin is pretty expensive. When bitcoin was firstly released, it is cheaper and you can buy a lot of it using a dollar. But right now it is at 5 digit price which is more than 10 thousands away from it's first price. Bitcoin may be the first but for me, bitcoin is just the original digital currency there are a lot of digital currency that is better than bitcoin but bitcoin is the expensive one so it is the most popular one.

[Creating N Action]

The reason why bitcoin is so expensive is that bitcoin's popularity increasing in the market place. I also think that bitcoin is so expensive because its demand. Bitcoin is always limited. Basically, bitcoin experience scarcity like us. The higher the demand, the lower the supply.

[Wolf of Btrex]

Because it has high demand.It is the global currency.Bitcoin continues to grow up and being known many people are getting interested.Many people financially independent because of this.It's  price will increase unlimited. As days pass by more and more users are coming into the bitcoin network.

[swsw098222]

bitcoin is the world most popular cryto currency.it is getting popular day by day.it has great market value and usage to people.as bitcoin has huge market value and usage,it is a bit expensive to buy.

[Ains_sama]

bitcoin is universal, but not everyone has bitcoin, bitcoin becomes valuable because it has a limited amount, has a better security system than the bank. and very fast transactions as crypto currency. what causes expensive and valuable bitcoins.? probably because of the inflation rate of the United States, the trade situation in China, and the global political uncertainty. so many are moving to bitcoin.

[Qartersa]

Well there are clearly multifarious reasons why Bitcoin reached the value that it has today. Of course, it started to be so cheap until it blossomed in its year of glory in the late quarter of 2017. You know, I still believe it is the demand that influences the price of Bitcoin. With the number of people who want to venture into investments that give good margins to beginners, Bitcoin comes in mind first. Bitcoin certainly offers a lot of privileges to humankind. One of the many perks is that your money grows without getting robbed by governments through onerous taxation schemes. You may also include in the list that you can earn without leaving the comfort of your homes, being always present in your family gatherings, and so many to mention.

[bbjay]

Bitcoin is so expensive because it is unique, father of cryptocurrency, acceptable almost all the countries of the world etc.

[MacRohard]

because it is the only way to move your asset to another country. bitcoin can do it easily

[jmpelon18]

Like stocks, there are a million different factors that could impact Bitcoin’s price. For instance, popular cryptocurrency exchange Bitfinex is having trouble moving money from its Taiwanese based bank. Experts actually believe this is causing the cryptocurrency to increase in value instead of drop. This and many other related news items contribute to the rapid change in Bitcoin’s price.

[Wishywashy]

I admit that Bitcoin is expensive, but if we take a look at the reason behind it, we would understand that it's because of sheer demand and less supply. Therefore Bitcoin is very much sought after and makes it a good investment or asset to hold.

[Photographer]

Bitcoin is so expensive because the supply is limited, many coins have been lost (people have lost the keys), whales don't sell, and everybody buys thinking this will male them rich.

[cryptorampage]

  Agreed Bitcoin is very expensive but why thats the question , its because the high demand of its , Whenever the quantity of bitcoin will be lower than the demand , the price will be stated to rise . Thats why the price of bitcoin is higher now in a simple sense.

[zitbau]

We can see that bitcoin prices are increasing and high value ... that is a big investment. It attracts a large amount of capital from investors poured into it. And it also practiced real life. Many people buy it for storage. I think that's why it's so expensive

[kamotharnn]

Bitcoin is not expensive. It's just a great thing for the future. Bitcoin is the next power

I think bitcoin is pretty expensive. When bitcoin was firstly released, it is cheaper and you can buy a lot of it using a dollar. But right now it is at 5 digit price which is more than 10 thousands away from it's first price. Bitcoin may be the first but for me, bitcoin is just the original digital currency there are a lot of digital currency that is better than bitcoin but bitcoin is the expensive one so it is the most popular one.

Bitcoin is expensive because so many people invest it. It helpfully contribute to increase Bitcoin's price. Bitcoin is on the way to grow up stronger. It's mean there are more people will approach Bitcoin. The price of Bitcoin will continue going up higher. That's why Bitcoin is so expensive and valuable. Many people want to have even 1 Bitcoin.