Why bitcoin so expensive?

[kiddeon123]

bitcoin is so expensive due to  its demand and supply, bitcoin is very dificult to mine and their are so manny people using bitcoin.

[Bitcoin_Delivery]

Simple to explain is when the goods were limited when circulating but the demand is quite a lot. Automatic price of the goods will also be more expensive. this is also the case with bitcoin

[KingOfWinterfell01]

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.

Think of bitcoins as diamonds. It's hard to mine or even search for a viable vessel to harvest diamonds making diamonds in the circulation of the market to be very scarce. The same as bitcoins that is hard to mine using computers and there little in the circulation of cryptocurrencies. Bitcoins are becoming more of an expensive commodity and will continue to be an expensive one. Hope this helps!

[bitvalak]

Bitcoin prices are getting higher as more and more new people are interested in bitcoin. Because the demand is also more and more, while the remaining bitcoin supply will be less. People compete to collect and save for investment, cause they believe that in the future bitcoin prices will be more expensive.

[denny27]

So expensive or inexpensive of bitcoin itself is certainly affected by all bitcoin users who make buying and selling on bitcoin. Nowadays, it's proven that bitcoin is becoming more popular and better known by many people to investment, and of course it becomes more expensive and more in demand.

[saymynem]

The same reason anything costs anything:  supply and demand

[Paul Pogba]

bitcoin is so expensive due to  its demand and supply, bitcoin is very dificult to mine and their are so manny people using bitcoin.

Yes it is true and this is what makes us very interested to invest bitcoin, because sure the demand one day will continue to increase while the supply remains, with this fact I am sure with the future bitcoin.

[arnux]

The demand is currently very high so Bitcoin keeps on getting higher and will continue to do so the more people who get involved.

[rahul10948]

because its a first cryptocurrency

[sofi@]

Bitcoin become expensive because the supply is very limited and the demand is very high now if they will not adjust the pricing of bitcoin they cannot provide enough supply which will sooner kill bitcoin market.

[ed_Berrington]

Because now there are a lot of investors. And their number is likely to grow.

[LigwagGanern]

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 so expensive because of the currency. And as of now, people who using bitcoin saying that soon bitcoin will become so very very expensive. Because some countries accepting now bitcoin as money or payment in buying things. And if the number of people higher, there is possibility that the value of bitcoin will become higher.

[worldofcoins]

Bitcoin is the first currency that cant be controlled and you cant reproduce, making it something that can be scarce if the whole world got into bitcoin.  But it wont go scarce since we have satoshis.  if you think its expensive now, wait when 1 satoshi is 25 cents each.   This will happen in the 10 year time frame or faster.

[Joyawan13]

Bitcoin prices are now rising again, now the price is more expensive than I know first, bitcoin can go up because now many know him and more and more buy it, just calm down someday bitcoin price will come down again. Although not as cheap as before, but make no mistake does not mean bitcoin can not rise anymore, can even rise higher than the current price.

[MAJICOIN]

bitcoin is very expensive because the demand for this currency is high and due to this high demand people are willing to purchase this on reasonable price to get the profit margin on this crypto currency in the future. Therefore bitcoin is very expensive because people keep it for future to take the advantage of high price in the near future.

[dhruv]

It is purely the laws of supply and demand although 2,5% does seem very high - unless you went via a Bitcoin ATM, which does charge high fees.

In general the larger the local Bitcoin exchange the lower the fees - as the economics means they can make more money by higher volumes. Here in Australia I pay 0.85% for AUD to BTC (it was 0.65%). There are others that charge 1%.

If you are doing a very large exchange there are niche specialists that are Over The Counter (OTC) players that exchange larger volumes away from the main exchanges to avoid a marked influence on the market exchange rate.

I am sure if hunt around you will find it cheaper (eg (but not a formal recommendation) Coinjar, an Aussie company) recently moved their HQ to London. Just do your due diligence on any new exchange you do decide to use - as 1/3rd of all exchanges have been hacked…

[cryptojac17]

Bitcoin prices are now rising again, now the price is more expensive than I know first, bitcoin can go up because now many know him and more and more buy it, just calm down someday bitcoin price will come down again. Although not as cheap as before, but make no mistake does not mean bitcoin can not rise anymore, can even rise higher than the current price.

Because bitcoin draw the attentions of investors because they believe that the value of BTC is becoming stronger as its continue to increase its price and many are holding BTC. it is simply because it just follow the law of supply and demand while higher the demand the its valuable.

[beatleap]

That's because there's so much demand for it if it wasn't as popular it would be much cheaper expect it to keep going up the more people who get interested in it.

[zedsacs]

Basically, Bitcoin is really expensive is also because of a high demand on the market. It is because of us. It is because of the people who chose to use bitcoin as their internet currency. Bitcoin really have a potential, and I'm not going to be surprised if Bitcoin would hit that 10k mark because the support of the people to this Internet Currency is indescribable.

[rhamzter]

Bitcoin prices are now rising again, now the price is more expensive than I know first, bitcoin can go up because now many know him and more and more buy it, just calm down someday bitcoin price will come down again. Although not as cheap as before, but make no mistake does not mean bitcoin can not rise anymore, can even rise higher than the current price.

Because bitcoin draw the attentions of investors because they believe that the value of BTC is becoming stronger as its continue to increase its price and many are holding BTC. it is simply because it just follow the law of supply and demand while higher the demand the its valuable.

Bitcoin was so expensive due to in demanding stocks of this coin in the market, moreover more investors are attracted to invest this coin because of their good profile in the market, also even though bitcoin was experienced of some problems they can handled it immediately. So I think after this hard fork more opportunity will open to the bitcoin community.