Why bitcoin so expensive?

[Topaz72]

The price of bitcoin is driven by market demand. It is very volatile. You should be aware that the price may rise or fall at any time.

bitcoin is going expansive just because of its demand around the world a lot of people are joining bitcoin and some of them countries have make bitcoin legal recently there are some banks which also accept bitcoin and bitcoin will reached to some countries next year which will increased its price more high so when demand of high so its price will also go high and as a result bitcoin become very expansive so and every one want to see its price high.

[Toha2013]

Because, due to high demand and low supply, its prices are increasing.  thatswhy bitcoin is so expensive

[adzino]

If you meant why the price if bitcoin versus dollar is very high, then you answer is demand. As people more people are now interested in buying bitcoin, it has created a high demand. With the increase of demand, the price also increases.
If you mean the fee is very high, this is due to network congestion. Higher fee will give you higher priority.

[Ochakemaput]

bitcoin is very expensive because of high demand and limited suply, many buy bitcoin all over the country, but bitcoin supply is not much, then bitcoin has some projects that can attract buyers, have a good future, so naturally if enthusiasts bitcoin it's a lot and the price is also so very expensive

[violette27]

Because the demand is getting higher and bitcoin is getting so powerful. And that is why many people, investors and miners are really attracted on investing it.

[wallstone]

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.

As of now the price of bitcoin become more expensive than before and there are lot of reasons why it so become expensive. Furthermore, the fluctuation of supply and demand of bitcoin is the main reason why it is so expensive. If the price of bitcoin become expensive it may lead to a high income.

[Colt81]

I think it is because of the many
users and investors in bitcoin.

There is lots of investors now in bitcoin  and lots of followers and user. In bitcoin you have a chances to earn in high profit. The demand and popularity  all over the world now know bitcoin.

[iamlds08]

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.

cryptocurrencies or digital money is the new thing now.
we have been if paper money for a long time. it is high time to upgrade and to catch up to the fast pacing society.

[imoet]

As we know the price of bitcoin become higher and higher. The price is not just happen like that without a reason. The increase of users, demand and popularity can be also the reason of the expensive of bitcoin price.

[sempak]

As we know the price of bitcoin become higher and higher. The price is not just happen like that without a reason. The increase of users, demand and popularity can be also the reason of the expensive of bitcoin price.

Demand and more and more investors are putting their money in bitcoin is the factor that makes bitcoin more expensive nowadays especially if bitcoin will experience hardfork

[ice098]

The price of bitcoin is driven by market demand. It is very volatile. You should be aware that the price may rise or fall at any time.

Its because of the high demand in the market, so that some people is wait for price to become decrease. Also when the price goes up the value is also up so, even its expensive many people is still buying to bitcoin.

[mast3rm1nd]

because people seem to think it's worth that value and are willing to buy it at that rate. expensive is your subjective opinion that's all.

[Granxis]

Why do you think that bitcoin is expensive, why do not buy Bitcoin at the moment, Bitcoin price is $ 12,500, which I think is suitable for buying. It seems possible to fall back to the level of 10k dollars again. But doing part-time buying makes more sense in this case.

[Shrinath]

There could be multiple analytic reasons for the sudden increase of the BTC value in the market today. A few that I can think of are:

1.   Initially the price was not that high. However, with the march of time many developed country like Japan, USA and UK etc. started using bitcoin in their payment system. This led to big multinational companies, like Amazon, started using bitcoin. These things started boosting up its price at international market. Many large investors started investing their money which made BTC increasingly popular.

2.   A few other reasons that has added to its popularity are:
a.   Low transaction cost in comparison to wire transfer
b.   Less background checks, ID checks, credit checks and overall regulation, since Crypto currency is decentralized and deregulated.
c.   Best long term performance in comparison to inflation of any currency or asset.

3.   With the increase of popularity of BTC at the international level, led to the increase in it’s “demand”. However, at the level of Crypto-currency it was still facing severe lacunae in its level of “supply”. Hence, according the economic law of “Demand and Supply”, with limited supply the higher the demand the higher the price.

Hence, the sudden stooping skyrocket in its price.

[nodav]

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,

but also the excitement that arose around the crypto currency

[BlackBeauty]

There could be multiple analytic reasons for the sudden increase of the BTC value in the market today. A few that I can think of are:

1.   Initially the price was not that high. However, with the march of time many developed country like Japan, USA and UK etc. started using bitcoin in their payment system. This led to big multinational companies, like Amazon, started using bitcoin. These things started boosting up its price at international market. Many large investors started investing their money which made BTC increasingly popular.

2.   A few other reasons that has added to its popularity are:
a.   Low transaction cost in comparison to wire transfer
b.   Less background checks, ID checks, credit checks and overall regulation, since Crypto currency is decentralized and deregulated.
c.   Best long term performance in comparison to inflation of any currency or asset.

3.   With the increase of popularity of BTC at the international level, led to the increase in it’s “demand”. However, at the level of Crypto-currency it was still facing severe lacunae in its level of “supply”. Hence, according the economic law of “Demand and Supply”, with limited supply the higher the demand the higher the price.

Hence, the sudden stooping skyrocket in its price.

Yes bitcoin is so expensive than other currency and it will convert in cash that will double in thousands because bitcoin is digital currency and everybody want to join this forum to earn money and also they invest their money for big profit, that's why bitcoin is very expensive currency.

[Drixy]

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 what it is today because of the internet. It is getting some attentions to some big investors to actually try and risk some of their money. And they also helped the community of bitcoin. They have the right to manipulate the price depending on their net worth or like the value at hand.

[Panchum]

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.

People getting expensive maybe because they want to promote bitcoin to be the currency to all the world. And to become bitcoin is  powerful to all the world.And also l think for us to live in a cashless society. Many people will accept bitcoin as a world financial solution to its nations.

[magz]

Because bitcoin's price is based on the Law of Supply and Demand. It has a limited supply so when the demands increases, the tendency is it will increase on its price. So when many people buy Bitcoins, it increases its price.

[criptoman83]

High price - it is always happening with the thing, that has limited offer and high demand. And in some time the demand will grow up more. So you will regret that didnt buy today, because today is it still not so expensive.