Why bitcoin so expensive?

[imking]

I think bitcoin is so expensive because of the demand of it. Bitcoin is now getting very famous and many people want to try bitcoin. Many people want to earn and use bitcoin, now many company use bitcoin to their advertisements. Many bitcoiners use bitcoin to buy low and converter it into real money, if the price of it get higher or more profitable.

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[azhar700]

When compared to previous years, then true bitcoin is currently expensive. But we have to look forward, demand on bitcoin continues to increase until towards the end of this year, and I think it will continue to increase every year. In addition, mining will also be more difficult, and in every block will only give a bit of bitcoin rewards. so I think, stopping to say that bitcoin is expensive nowadays, because the years to come will be even higher in price.

[pushups44]

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 answer is supply and demand. There can only ever be 21 million bitcoins minted, though there are about eight billion people on the planet. Bitcoin is also very difficult and expensive to mine, like gold. The price of bitcoin is likely to continue going up if demand continues to grow.

[kimochidesh]

BTC price is going up because of following reasons:
1. Limited supply and increasing demand.
2. People are accepting that price, therefore they are ready to buy it.
3. The Valuation Dilemma: Nobody is able to decide what is the real value of BTC.
4. More users are entering in Crypto market increasing the market cap, that means its acceptance is increasing.

[chickenfried12]

more investment people now looking bitcoin and when they will enter playing game bigger than you than me so it will be market cap increasing  and last news growing the price now near 8000 $ it's amazing but good for bitcoiners

[Tamim121]

Bitcoin is so expensive because of its demand. Now So many people are interested in bitcoin. The user of bitcoin are grow up day by day. Bitcoin production are less than demand, so its price so expensive.

[promosn]

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 market controlls the value of goods, btc has such a big value because people believe in it, which may the reason for your countrys cuurency is actually low.
In Conclusion btc isn't different from any other good and to mention only few advantages it's decentralized, anonym and easy to transfer (without taxes).

[Lalafell]

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

We all know that bitcoin has limited supply and I think it is the reason why it is so expensive. In addition to that, the number of poeple who get interested in bitcoin is also the factor why it become expensive and I think the price of bitcoin will become more and more expensive in the near future.

[RudeeTam]

It's the rule of supply and demand. So many people wanted to buy bitcoins but we only have limited supply and people wanted to hold instead of selling in the market. That's why the price increases so people would be willing to let go of their bitcoins.

[silent17]

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 expensive simply because a lot of people wanted to have bitcoin because they believed that bitcoin is their ticket to earn more money. Due to the big demand on bitcoin, The price of it became more expensive. Because bitcoin only has a limited stock.

[Yamifoud]

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.

Yeah, in my country too its price is hundred of thousands and I think it is because of the thing that it is indemand to the Bitcoin users and many people are investing to it.

It is totally the exchange from btc to USD and then to our local money. Every country have different value of money which equivalent to USD. With this simple conversion, we can say that bitcoin is very expensive and that is pretty good. Anyway, not good for buyers/investors  but for the seek of bitcoiners it is totally satisfactory level of gaining profit. Getting on higher in demand the more it become vulnerable for price increase, but still we can't ignored that sometimes it goes down and that would be usually happen to bitcoin price.

[Activitycoin]

Bitcoin very expensive? I think the current news about Bitcoin will answer all your questions.
Bitcoin is very popular and many people are interested and buy Bitcoin.
Many advantages with buying Bitcoin so much demand.
for now this may be the reason why the price of Bitcoin is expensive is because the demand is plentiful and supply is limited.

I don’t think so bitcoin is expansive it’s very easy to buy you just need to do hard work here as I’m doing when I was not a part of bitcoin so I was also thinking that bitcoin price is high but when I take a start so slowly I realized that bitcoin is very easy to buy and now I’m doing investment here so need to just take a start.

[chilanx]

Bitcoin is very expensive,because the demand of bitcoin is very high.bitcoin is good asset and investment for the people.bitcoin is decentralized and it easy for online transactions.bitcoin is popular worldwide,so it is very expensive.

[Sophiea]

Bitcoin is expensive will depend on its price it will change time to time its price will goes up and down but today bitcoin is very expensive so keep it .

[satgoldan]

Because now BTC is popular. It`s future of P2P!

[Dod Ong]

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.

Why bitcoin is so expensive? simple, because if you have an account here in bitcoin you can earned more money by posting. So the bitcoin is so expensive. If you buy any account here in bitcoin the money you spend to buy an account you can earned 2x money on that because the bitcoin is very expensive.

[kkofor]

Bitcoin is expensive this is the due to of the fact that it is the first cryptocurrency in the world. It creates a huge trust in people. They have cheated Bitcoin as a kind of assets like Gold or Dimond. Therefore, Bitcoin price increase day by day.

[Jaya912]

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.

What do you mean bitcoin just cryptocurrency? Bitcoin is very special cryptocurrency which people trust with it.
More people so more demand in market. More demand inflict to bitcoin price increase.

[redsun114]

For my opinion. Because Bitcoin has limited supply only, 21 million. There are many demands of bitcoins, so if the demand is high then the price is expensive. I just learn that on our subject Economics.

This is indeed one of the major reasons why bitcoin is so expensive. Everyone knows the fact that the supply is very limited and the currency is highly useful. Day by day the market demand of this currency is increasing which is ultimately making it highly expensive.

Moreover it has high potential of producing big profits that too just by holding bitcoin in wallets. We should always buy them when prices are low to be future millionaire.

[9tails]

because bitcoin has many demand than others that's why bitcoin is too expensive. Many investors invest bitcoin.