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Author Topic: Why bitcoin so expensive?  (Read 6030 times)
Joemzz31
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January 31, 2018, 01:18:56 PM
 #841

As for my knowledge, no one actually regulates bitcoin, so maybe, the high price of bitcoin is due to the big investments in bitcoins every minute. Lots of bitcoin transactions is recoreded online.

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January 31, 2018, 03:43:19 PM
 #842

As for my knowledge, no one actually regulates bitcoin, so maybe, the high price of bitcoin is due to the big investments in bitcoins every minute. Lots of bitcoin transactions is recoreded online.

It is expensive because its price is volatile, means that its price is not going to stay on its first price way back 2008. Bitcoin was made to be like this, decentralized, attracting many investors and users, causing a hype in the market for its price to rise up even more, it is all about the demand. Let's say for example is a certain product like shoes, if the market have seen that the demand of people using that shoes increase, of course they are going to increase the price also for them to earn profits.

And this profits is going to cycle to make another products, and it is just a loop that won't stop until there are people who are using it and making it alive, that goes same to bitcoin.

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abhishek273b
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January 31, 2018, 03:45:25 PM
 #843

 Smiley 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 Smiley
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February 05, 2018, 08:59:16 AM
 #844

Bitcoin was the world’s first digital, decentralised, P2P cryptocurrency and payment network. It din’t require the function of a bank and relied on a trust less network. This was immediately considered by many eminent personalities as the future of Money. The gold like properties of Bitcoin made it very superior as compared to other currencies. 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 (like banks accepting it; countries giving it a legal status - Japan Legalised Bitcoin; Price Goes through the Roof ) the price of Bitcoin skyrocketed.
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February 05, 2018, 02:55:30 PM
 #845

It becomes so expensive because there are so many interest on it, The supply is decreasing with all the loss of btc in blockchain 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...
viarathel
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February 05, 2018, 03:24:36 PM
 #846

Bitcoin is very popular in the world of cryptocurrency and I think bitcoin prices are very expensive because so many bitcoin or hunter fans in the world so bitcoin is limited and the currency value in each country is different in price and it causes very expensive bitcoin prices.
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February 05, 2018, 03:28:06 PM
 #847

Bitcoin is not at all-time highs, right now big falling down. Many cryptocurrency investors feel that it could come crashing down, as it has in the past. If that’s true, investing in cryptocurrencies now could mean losing a good chunk of your original investment.

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February 05, 2018, 03:34:43 PM
 #848

Bitcoin is very expensive. At least I can't afford it now. I think the value of bitcoin is because it is not anchored. Like the real money, most of the money is issued by national credit. The real money is anchored to gold! How many real currencies are there in gold? But bitcoin lacks anchoring. Bitcoin can be worth $1, $100, or $1 million. It's all possible. Bitcoin is also looking for anchor. I see a bullish bit of bitcoin.
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February 05, 2018, 03:44:44 PM
 #849

Bitcoin is so expensive, I think, because it is a prime of crypto currency coins these are offered by developer of bitcoin system. Thus, there are many coins else which in becoming level in crypto projects to raise user's rank, so that the user can have more motivation to get the top level so as to feel awesome for bitcoin.
Shamburis
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February 05, 2018, 03:54:50 PM
 #850

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.
For all i know only bitcoin is very expensive because it is limited and for all i know only we have only 22 million bitcoins comparing to other cryptocurrencies bitcoin is so much expensive because it is also very difficult by mining bitcoins.

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February 08, 2018, 02:17:31 PM
 #851

becouse it all depends on everyone, there is still a rate of bitcoin is now too high, but they actually buy bitcoin, there are also buy alt coin with a lot because they will benefit when converted to bitcoin. it all depends how you do it.
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February 08, 2018, 02:22:07 PM
 #852

The supply and demand law, the supply of Bitcoin is limited, when the demand rises, the price of Bitcoin will rise, recent surge was due to Fomo created buy media, now it's correcting but it's healthy
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February 08, 2018, 02:26:36 PM
 #853

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 Expensive due to too many requests while bitcoin's Stock Limited to even get 1 BTC is difficult. From there bitcoin becomes more expensive, because everyone wants to get bitcoin because the price is always sharply skyrocket and for the use of shopping is very easy.
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February 08, 2018, 02:38:35 PM
 #854

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.
everythings price depends on demand and supply. even this happens to money market as well.when demand for goods increase and supply remain constant price increases.same thing happen to money market.
we know that bitcoin is limited and its demand is increasing.as a result price is increasing. and if demand fall price will decrease. there are some reasons behind investing in bitcoin and these reasons are behind increase in bitcoin demand and price.

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February 08, 2018, 02:46:50 PM
 #855

Bitcoin is expensive as there is large no. of  bitcoiners in comparison of no. of bitcoins due to which there is a large demand of bitcoin . it is also a global currency which also makes it expensive .

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February 08, 2018, 04:02:45 PM
 #856

Bitcoin comes very expensive since no one actually manipulates it's price but there are a lot of investors investing each day on Bitcoin. Not only those big investors, lots of pioneers too!
And mining that creates a lot of Bitcoins each day! So for me, bitcoin is expensive because of it's investors.

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February 10, 2018, 01:10:21 PM
 #857

The law on demand and supply of bitcoin greatly affects its price. We all know that demand fo bitcoin is very high especially that technology and internet all over the world is rapidly growing. Bitcoin is so famous that various people in many countries gets interested with this. 2nd, I think there is no sufficient minings that makes bitcoin supply lower than demand.


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March 30, 2018, 08:15:02 AM
 #858

We all know that bitcoin is very expensive to buy today because its been always all over the news about the steady increase of bitcoins value in the market which in return many individuals and organization try to get their hands with bitcoin by investing on it as much as they can especially today the crypto market is bleeding out which also which also resulted to bitcoins market value into its lowest value so many investors can afford to buy as many bitcoins as they can.

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March 30, 2018, 09:35:59 AM
 #859

The law on demand and supply of bitcoin greatly affects its price. We all know that demand fo bitcoin is very high especially that technology and internet all over the world is rapidly growing. Bitcoin is so famous that various people in many countries gets interested with this. 2nd, I think there is no sufficient minings that makes bitcoin supply lower than demand.
Yes i agree with you, with the rapid increase of people getting to know bitcoin and being interested in it makes the price expensive because many now are wanting to own bitcoin so the demand is high.

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May 08, 2018, 04:45:49 AM
 #860

Bitcoin is very expensive right now because of demand . A lot of people also a lot of investment in bitcoin so that the price of bitcoin rise so HI. But time will come price will go down.

I think because Bitcoin continues to attract many people or investors prefer to join or invest with bitcoin. And I think because the popularity of bitcoin makes bitcoin expensive
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