Why bitcoin so expensive?

[Granslam]

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 so expensive and the majn reason for that is because the popularity of bitcoin because of popularity its more people investing in bitcoin so thats why the value of bitcoin is continue to increase more in the future.

[Skieleton]

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.

A better term is that it is valuable and not expensive. It is a kind of asset. Like securities. czemy is so much worth? He was the first and thanks to this he has a strong position.

[criptoman83]

With every month BTC will be more expensive, because the demand is growing up,but offer isn't increasing. big money are coming to crypto soon. So, I think next year will be very important for the strengthening of bitcoin.

[successinvest17]

With every month BTC will be more expensive, because the demand is growing up,but offer isn't increasing. big money are coming to crypto soon. So, I think next year will be very important for the strengthening of bitcoin.

There are more attractive altcoins coming on the market, but BTC was first in crypto world & used like USD in real financial world... 

[moli1]

The price of bitcoin has dropped considerably since it touched its all-time high of $19,600 per BTC on December 17.
Since then markets have been quite bearish across the board, leading to lows in the $11K zone on December 22.
Bitcoin markets have rebounded since then,
and the price per BTC across global exchanges has been moving sideways for the past 72 hours..

[fishball]

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 was the first successful cryptocurrency that's why until now people still keep it in demand. Also due to various news articles and business ads, most people doesn't know the difference between cryptocurrency and bitcoin. This confusion (happens often in my country) cause its demand and price to increase further throughout the years.

[Ma Nancy]

Bitcoin is so expensive because its demand and supply, the more the demand the higher the price.

[joanshu]

You cannot gain anything without making an investment on it.If it is expensive in your country doesn't mean it is same everywhere.Anyway it is not a loss even if you buy it as sathoshi.

[Asuspawer09]

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 don't think bitcoin is that expensive. Maybe you just need more patient to earn before you make another transaction. This thing will all be base on your strategy. Another thing is that searching for another way to convert bitcoin into cash with smaller transaction payment.

[iqlimasyadiqa]

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 don't think bitcoin is that expensive. Maybe you just need more patient to earn before you make another transaction. This thing will all be base on your strategy. Another thing is that searching for another way to convert bitcoin into cash with smaller transaction payment.

All that we can balance by earning a much larger. Currently the price of Bitcoin is very high, but all financial activities are declining, but by volume I think everything has increased and give a poisitve movement. So when all the more needed then Bitcoin will be more expensive. It is a common thing, all economies will experience the same thing as what Bitcoin can do.

[Victoria Johnson]

Bitcoin is getting expensive or shall i say it is gaining it’s real value because of growing worldwide popularity,acceptance as well as it’s own characterstics/advantages.

The prices are expected to be rising in future as well because market sentiments are positive.

[ojherpeu]

With more and more difficult to mining bitcoin, bitcoin ecosystem and development is more and more big, bitcoin prices will certainly be higher.

[datodota002]

bitcoin becomes expensive today because more and more people are using it. in early August when Japan has not opened a bitcoin price exchanger is still relatively cheap. Essentially more and more users of the more expensive bitcoin prices

[Lukas Tarantas]

In September, bitcoin was not too expensive. In December, when it costs three times more - it's too expensive. And the price is born of demand, the more demand - the higher the cost.

[ghost07]

I think bitcoin became so expensive now because they are so famous all over the world now and they got a lot of investor all over the world. They got bot elders and young investors now thats why bitcoin is very expensive and unique among all token that we have now and other who will exist soon.

[gabmen]

In September, bitcoin was not too expensive. In December, when it costs three times more - it's too expensive. And the price is born of demand, the more demand - the higher the cost.

Its the basic explanation for it really. The more people putting in money, the higher the value. The higher the value, the more people will be interested. Its a proven cycle and just this year, bitcoin enjoyed a huge spike in popularity thus shooting the price way up

[Weaklies]

This is the first cryptocurrency in the world. This is the first choice of people. when it come's to own in digital currency. Also people expected it will go higher. So they buy cryptocurrency. At any price they get. That's why the price keep's increasing. Also bitcoin is safe from taxes. So over all this make's bitcoin a good investment. So Bitcoin is so expensive.

[cybersofts]

Bitcoin is expensive today because too many people are buying bitcoin. whenever the demand is higher than the supply the price of the commodity skyrockets. There are only 16.7 million bitcoins in circulation worldwide. how to do expect the 16.7 million bitcoins to satisfy the need of the world?

[ningrum]

Bitcoin is expensive today because too many people are buying bitcoin. whenever the demand is higher than the supply the price of the commodity skyrockets. There are only 16.7 million bitcoins in circulation worldwide. how to do expect the 16.7 million bitcoins to satisfy the need of the world?

it is not known until now, whether the cause of the bitcoin price is high, so that makes us doubt why the price of bitcoin reached a very high, whether only because many are looking for bitcoin or the other.

[snipetr]

Main reason to bitcoin is so expensive is its demand. Many Governments legalise bitcoin in routine use, merchants and retailers accepted it as payment mode and as it is open to all, whole world is using it.
People using it for trading, investment and for exchange mode, and thats create demand.