Why bitcoin so expensive?

[kpcian]

There is a simple reason for this purpose. Simply we can calculate when the supply is limited. We know that initially Bitcoin has been created almost 16 millions in the year of 2009. But in the meantime, it can be predicted that almost 20% Bitcoin has been disposed. So you can estimate that how much Bitcoin still be possess?
Day by day Bitcoin is getting shortage so the demand is getting higher that's why the price is becoming very expensive.

[hadisaw]

Bitcoin is getting more expensive because the demand is growing, and it will be more expensive for the next year.

[Deddi]

Because there are still many that depend on Bitcoin .. more banya New digital currency is popping up and depends on Bitcoin ..without Bitcoin suspect will continue to crawl or go up..this is the popular value of Bitcoin lies ..

[Oliver A]

Most of the Bitcoin users hold their Bitcoin.I think this is one of the reasons. Demand is very high and supply is less indirectly Bitcoin price will reach high

[jakoylantern]

For me, bitcoin is so expensive because of the demand and the way how you can use it. Bitcoin is becoming very popular. Many people are now willing to try bitcoin and ready to buy bitcoin. Through that, the demand for bitcoin is increasing and when the order increases the amount of bitcoin will also increase. That is the reason why bitcoin is becoming expensive.

[Rosilito]

New discovery. As much as bitcoin get discovered  more and more people will pay attention. As more people pay attention and more people have become familiar with bitcoin, the more demand it will have. The more demand it will have, having a lots demand the more improvement it will have. So that is why the value of bitcoin goes higher and higher.

[kaizerblitz]

In economics it called the law of supply and demand if the price goes up the demand is to high and the supply gets low and thats happen to bitcoin.

[Budening]

Maybe I think bitcoin was having trust by many people and investor, because of that the price of bitcoin so expensive. And many people are investing in bitcoin. We have chance for change our live with playing invest and trading in bitcoin

[w33man]

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 think the reason why bitcoin is so expensive lies on it's volatility and popularity. The more popular a product, service or anything is the more it'll be expensive. This is why when some coins become more used and popular than bitcoin, bitcon's value itself falls for a while until it goes back up again. It is like an unending loop where bitcoin always rises.

[ashfer]

Bitcoin is getting more and more expensive due to the growth of its market demand.The more the demand the more the market value goes and hence it will become more and more expensive for people to afford them.The market value is growing because of the trust that is being build in by the people within in the btc.Its increasing as per the trust that is being build on it by the people and hence the market value will continue to grow as more investors are flocking in btc.

[dsouzac72]

With an increase in accessibility and popularity comes an increase in demand, which the current supply of bitcoins can’t seem to keep up with. 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.

[BeGoods]

Because bitcoin has limited supply and high demand, many investor and traders are supporting bitcoin, and bitcoin is popular among the other digital currency.

yeah bitcoin has a supply limit while every day bitcoin continues to increase demand as many people in various parts of the world keep coming to invest in bitcoin. so that's what makes the bitcoin price expensive. and as time goes by the bitcoin prices will continue to rise and become more expensive

[Ghost_Bin]

Bitcoin prices have plunged when China shut down Bitcoin transactions. So one of the reasons bitcoin is so expensive is the support of the national government. Think about it. If every country does not support disallowing bitcoin, bitcoin will only be useless until it is abandoned.

[Shreek]

that's what attracted me to bitcoin. that bitcoin if converted to a country's currency would be of great value. Why ? because bitcoin does not follow the state financial standards, then bitcoin is very sensitive to bitcoin owners, so a lot of bitcoin users who sell bitcoin then bitcoin prices will go down, and vice versa if many people buy bitcoin then bitcoin price will be high, this is called spreading and bitcoin volume.

[heureca]

Bitcoin prices have plunged when China shut down Bitcoin transactions. So one of the reasons bitcoin is so expensive is the support of the national government. Think about it. If every country does not support disallowing bitcoin, bitcoin will only be useless until it is abandoned.

Mostly it depends on BTC investors - after bad news from China a lot of investors decided to sell BTC and it was large BTC dump. At the same time it could be "game" of big BTC investors

[jerowacik]

Because bitcoin has limited supply and high demand, many investor and traders are supporting bitcoin, and bitcoin is popular among the other digital currency.

yeah bitcoin has a supply limit while every day bitcoin continues to increase demand as many people in various parts of the world keep coming to invest in bitcoin. so that's what makes the bitcoin price expensive. and as time goes by the bitcoin prices will continue to rise and become more expensive

Yes this is an event that might be said to be a normal thing. Bitcoin price increases occur as demand increases and supply of bitcoin is getting more and more complete. This is a thing we can actually use, indirectly at this time Bitcoin prices will continue to increase and I think this is a best chance to buy some Bitcoin as an investment. For us all this is something that should be utilized as possible. Bitcoin price movements will be more expensive and continue to grow well.

[djmixen]

Bitcoin price is so expensive because of being volatile of it and even the price decrease but in short period of time it came back at the highest price of it so there are many investors that want to invest on it and bitcoin is really expensive.

[weblouartisan]

It becomes so expensive because there are so many interest on it, The supply is decreasing 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.

[Astermony]

Bitcoin prices have plunged when China shut down Bitcoin transactions. So one of the reasons bitcoin is so expensive is the support of the national government. Think about it. If every country does not support disallowing bitcoin, bitcoin will only be useless until it is abandoned.

Mostly it depends on BTC investors - after bad news from China a lot of investors decided to sell BTC and it was large BTC dump. At the same time it could be "game" of big BTC investors

It is so expensive because everybody has an interest for this. It depend if the demand will increase and the supply will be more and more complete. Bitcoin continues to increase because of the help of many investors that continues to work with this. It becomes more expensive for this to help many people who really need this.

[The Alchemlst]

Bitcoin price is mostly affected by the amount of supply and demand where as the value of bitcoin continue to increase as long as its supply do not meet the demands. I think the other reason for bitcoin value is because of its reliability as a currency. Bitcoin is reliable enough for investors to invest to it and more services to adapt to it.