Why bitcoin so expensive?

[Oggy Pogi]

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.

Indeed. Bitcoin nowadays was really too expensive and the same thing applies in my own experience that the equivalent value of bitcoin price right now in our country's currency when converted was really too big and expensive and that was an awesome thing to experience such thing that after you have worked so hard earning bitcoin, you can gain an income in terms of bitcoin that has an equivalent value in your national currency which is too big for an income. This was a result to the continuous rise of the demand in the market that is why Bitcoin's price is continuously rising also.

[MWesterweele]

I think it is so expensive because somebody is need it.

It is because of growing demand of people so the supply of bitcoin is not enough, then the price is now expensive but even it much higher in price there are still many who using bitcoin because its value is also increase. Also people would not mind if its expensive because they know its worth it because it means many people is into bitcoin.

[captainplauze]

because of demand and demand and demand. how many people want something is what gives it the 'value'

[tanjiran]

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.

It became more in demand this year which made it not that surprising to know that its market value grew as this expensive. But still, investing into it at this price will yield to huge profit since it is expected to be more exoensive in the future. The growth on its market price is continuous so don't hesitate to invest.

Well, bitcoin has gone through a lot of difficult things to achieve this high price. Bitcoin prices are highly dependent on demand and supply in the market. Higher public confidence has also led to price increases, so many new investors are starting to use bitcoin.

[romeitaly]

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 it is because of the people who are using is rapidly increasing, so bitcoin's price is increasing too. This year, the number of people who are using bitcoin suddenly increased so the users became surprised when bitcoin's price had increased. This currency is technology-driven; you cannot use it when you don't have internet connection and I think that's one factor why it is needed to know nowadays.

[mayidid]

The high demand for market prices is certainly a major factor bitcoin can be expensive and many investors who can go into it to be able to invest in bitcoin. on the other hand increasing the number of bitcoin holders could be the cause of the high price of bitcoin because it could have an effect on the growth of market demand.

[happyme1818]

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.

It is expensive because it has a limited supply of 21M coin that will ever be mined. One of the reason why it is expensive is it has a big demand but only limited supply in the market.

[the rise]

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.

It is expensive because it has a limited supply of 21M coin that will ever be mined. One of the reason why it is expensive is it has a big demand but only limited supply in the market.

In my opinion, altcoin also contributes to the high bitcoin price because everyone will start comparing prices and it turns bitcoin into an exchange center, the price of each brand will be connected and resulting in both coins will be expensive, this applies to all crypto currencies without exception.

[King Sastro]

As users continue to increase while stocks are unchanged, bitcoin is decentralized so that all prices depend on needs and stocks, prices will go up if users continue to grow and I'm sure the future of bitcoin will continue to improve.

[Advicerabi]

Bitcoin became expensive because supply and demand. Same thing with economics the more demand than supply will cause high price.
Bitcoin number were limited and may be discharged in mine, while people are using more and more of course bitcoin price became expensive.

[Troysen]

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 not expensive. You can only find bitcoin expensive when you are aiming for 1 bitcoin or more. You could buy certain amount of bitcoin with the amount of your country's currency in equal.

[Donned]

First, the amount of bitcoins must be
Second, bitcoin is recognized by many countries
Third, the bulk of speculators' purchases and the purchase of financial institutions
These factors have led to the high price of bitcoin,

[Adv Tahmina]

Because it has high demand.It is the global currency.Bitcoin continues to grow up and being known many people are getting interested.Many people financially independent because of this.It's  price will increase unlimited. As days pass by more and more users are coming into the bitcoin network.

[OuterTech]

There are many reasons to price Bitcoin expensive at the present time. The current realities and demand very high Bitcoin very few people want to sell of Bitcoin is holding. With the rapid increase in the Bitcoin rates recently also created the trend of investing in Bitcoin from those investors to those who don't have little knowledge about cryptocurrency. Result in the buying power of large and gradually pushing the price of Bitcoin increased rapidly.

[imasiranda]

Bitcoin day by day bitcoin popularity is increasing or demand increasing, but supply is reduce.

[shahinurit]

Ans: Actually most of the people in many country still don't know what is cryptocurrency and waht is the bitcoin.But it is bitcoin which is become popular in the modern world.otherwise the Bitcoin as first revolutionary crypto currency, it is free and open worldwide, decentralized currency, anonymous, with low fees of transactions, and also having a big community supporting it. I think may be cause it. 

[pluMmet]

Because it has high demand.It is the global currency.Bitcoin continues to grow up and being known many people are getting interested.Many people financially independent because of this.It's  price will increase unlimited. As days pass by more and more users are coming into the bitcoin network.

Yes one why bitcoin have prices are extortionate is because the day bitcoin more in know people and the more enthusiasts of her, then because of demand that the more want to get bitcoin then the price of bitcoin so affected to be expensive, even wouldn’t stop until here is likely to keep tumbling

[Topaz72]

First, the amount of bitcoins must be
Second, bitcoin is recognized by many countries
Third, the bulk of speculators' purchases and the purchase of financial institutions
These factors have led to the high price of bitcoin,

Bitcoin is expansive just because of its use and demand because bitcoin demand is going high day by day and its demand is going high just because of its great work bitcoin is doing a very hard work here it make a life of people easy and it’s still trying to give more and more benefits to its users so that’s why bitcoin price is very high and become expansive bitcoin in coming time can be an international currency because the way it’s going fast so bitcoin can be international currency.

[moli1]

The price of bitcoin  has been suffering from a bearish decline
since it reached $19,600 USD across global markets and had touched a low of $15,299 on December 21.
Over the past two days.. most of the other alternative digital asset markets were stable or made some significant gains.
However, now that Bitcoin markets have continued to dive lower, the rest of the cryptocurrency economy is feeling the wrath of the storm.

[VIDEOsecure2]

There are many ways of being bitcoin expensive. As many formalities are involved with this, that's why it is so expensive.