irienoodles
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December 06, 2017, 03:50:45 AM |
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BTC became popular around the world and many decided to accept it, hence, demand rose. the supply of BTC is not enough to fulfill the demand, hence, price rose.  |
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Glorypaasa
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December 06, 2017, 03:56:15 AM |
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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.
based on my research bitcoin is very expensive because this bitcoin is not unlimited like fiat the bitcoin supply is limited so if the supply is limited the demand will go high and the value of bitcoin will going increase it will continue forever. |
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Sithara007
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December 06, 2017, 04:03:36 AM |
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Compared to what? Bitcoin is much less expensive when compared to the United States Dollar. The total value of the USD banknotes and coins in active circulation is around $2 trillion, while the market cap of Bitcoin is only around $200 billion. Or you can compare it with gold. The total market cap of gold is around $7 trillion.
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zhekinsp
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December 06, 2017, 04:34:56 AM |
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Compared to what? Bitcoin is much less expensive when compared to the United States Dollar. The total value of the USD banknotes and coins in active circulation is around $2 trillion, while the market cap of Bitcoin is only around $200 billion. Or you can compare it with gold. The total market cap of gold is around $7 trillion.
Yeah bitcoin is currently having less market cap when compared to USD or gold but bitcoin increased its market cap value hugely over the years so bitcoin will broke all the coin market caps soon and it will become the most expensive currency or asset of the world in the year 2030. The bitcoin is getting expensive due to its limited availability so the price is increasing rapidly when demand increases for bitcoin. |
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BlackRacerX
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December 06, 2017, 04:39:18 AM |
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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.
Just like diamond, it's with its difficulty in getting a bitcoin. Miners are really having a tough time trying to get diamonds, just like the miners of bitcoins. It costs so much equipment and the electricty required to get a small amount of bitcoins. Supply and demand also dictates the price of each bitcoins. |
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monkeykiss21
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December 06, 2017, 04:50:44 AM |
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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.
Being as an a person who invest with bitcoin why so expensive maybe because of the increasing of people who invest with it. Everyday by days there's have an investor who wants to join. And it is really demand base on my own. |
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cryptojedi
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December 06, 2017, 04:51:33 AM |
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Expensive? I think you mean why is it so cheap? 6 months for now, you are going to ask that question.
Do not forget it is only 21 million max, with all BTC lost it s probably closer to 18 million. Also do not forget the demand is and will be huge!
So I say it s still very cheap!
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spiderm4n15
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December 06, 2017, 04:56:50 AM |
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Bitcoin it so expensive because demand of crypto's is highly
in 2017 Bitcoin growing up 4000% its amazing to invest in Bitcoin
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Dilladupak
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December 06, 2017, 05:44:54 AM |
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The current Bitcoin price is very expensive, because the demand for bitcoin is higher and the supply is limited, and the daily price is better. This makes the investor very interested and buys more to get more bitcoin.
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Geoll29
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December 06, 2017, 05:51:26 AM |
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Bitcoin is not expensive it just depends on your perspective of earning. Bitcoin continues to grow even if we always say that bitcoin is too expensive. Buy now and expect growth as time passes by.
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Webberson
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December 06, 2017, 06:01:39 AM |
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Bitcoin is a currency that is actually different from the norm and the reason why it's present value is what it is now, is as a result of the awareness and potential the currency had gained, which is why it is so expensive as compared in value to other fiat currencies.
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bryant.coleman
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December 06, 2017, 06:03:25 AM |
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We are making the wrong comparison. We are comparing the price of 1 Bitcoin, to 1 oz of gold or with $100 banknote. That has to change. I'd request everyone to denominate their holdings in mBTC (or even Satoshis) instead of BTC. The psychological effect is huge.
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pxo.011
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December 06, 2017, 06:05:57 AM |
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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 thinks its because of the investments and investors if there a lot of investor and stocks the price getting higher and higher and higher, so that was the part of the marketing strategy, many people get a lot of income from their investment. |
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ubay
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December 06, 2017, 06:15:10 AM |
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Because bitcoin has a limited supply, that's what makes the price so expensive. And the demand is growing, resulting in greater demand than spending.
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Usafstar
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December 06, 2017, 06:44:18 AM |
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as we know that the modern world have started many advancements for the world but the developed countries and the well settled people of the world are able to use this technology. therefore the bitcoin is very expensive for us why the reason is bitcoin is not yet legally accepted in the world and bitcoin price is very high the other reason is the availability of these coins in the market.
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akiexx
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December 06, 2017, 06:46:00 AM |
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The bitcoin price is rising because of it's demand and popularity, it attracts new big time investors to invest.
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sukamasoto
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December 06, 2017, 06:47:55 AM |
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As you can see bitcoin value always increase because there are a lof of demand on bitcoin especially in December.
So it's worth to invest bitcoin rather than gold , IMO. It's also amaze my government as well so they decide to make the regulation as soon as possible
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LETme
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December 06, 2017, 06:51:21 AM |
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Because bitcoin has limited supply and high demand, many investor and traders are supporting bitcoin, and bitcoin is popular among the other digital currency.
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Risktaker31
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December 06, 2017, 06:51:49 AM |
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Simply because of the supply and demands of the cryptocurrency. It has a limited amount to circulate on the market and the demands is getting high because many people are starting to invest in this kind of currency.
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hassan.shakeel.rajpoot
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December 06, 2017, 06:52:31 AM |
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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.
You can say that botcoin is expensive when it comes to buying it. But when you're selling your botcoin, it gives you a huge return. If you buy bitcoin now, due to it's rise in price, it will give you a huge profit. Probably in weeks. So I would say that even if it is expensive, it still is a good investment. |
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