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maarx
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December 26, 2017, 04:42:13 PM |
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I suppose you meant why bitcoin value is increasing high? The main reason would be, demand for it. As many investors started buying bitcoins hoping the value would keep increasing and will receive much profits in short while. Secound reason would be the price. Bitcoin is trusted to bring a good turn over investing into it.
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Blakscorpion
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CryptoFan
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December 26, 2017, 04:51:53 PM |
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You know you can buy just 10$ of bitcoin ?
It's not expensive except if you buy hundreds and hundreds of dollars of it.
And by the way, yes the value of BTC is high, but it will probably be so much higher in some months. People are more and more interested in crypto and blockchain technology, and the first thing they will buy, is bitcoin, because nobody knows that there are a lot of other coins on the market...
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markleal
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December 27, 2017, 06:02:43 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.
Hi there Raffy11! First of all, in what country you are living? I have visited countries that a dollar when converted to local money amounted to a hundred of local money. Your country could have a low fiat exchange rate thus the bitcoin conversion follows. One thing that could help is just use a single app that is popular in your country so that when you are sending or receiving bitcoins from friends the cost is almost zero and the transaction speed in almost in instant.  |
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CuteBaby123
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December 27, 2017, 06:07:18 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.
Bitcoin is expensive because of its limited supply in the crypto market. Also, the demand for bitcoin is booming that's why the price is also increasing. |
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sup95
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December 27, 2017, 06:17:59 AM |
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Because of the demand is getting higher and as the people who use bitcoin increased,the amount of bitcoin in the world is constant and the value will increase.
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ttlnnt
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December 27, 2017, 06:22:19 AM |
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This is due to the simple rule of demand and supply. These days Bitcoin is more in demand as compared to its supply in the market. People these days have starting holding instead of trading and investment. While this is not a such a big deal because you can also buy Satoshi in fractions. The price rise owes its origin to the currency shortage on the market. But this problem is resolved pretty much because of fractional value of Bitcoin!
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cyriljundos
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December 27, 2017, 07:13:00 AM |
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this is the only thing I can tell you depending on the type of coins you hold. Many people tend to price the bitcoin for the businessman and the consumer every day because the price of bitcoin is high because many will love it why the bitcoin is very expensive
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Kotone
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December 27, 2017, 07:15:58 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.
For our country as well once you convert those bitcoins into our currency here then basically you would be a walking millionaire and having a good and comfortable life. especially now hhat bitcoin is still not regulated and cant be tax currently here in our country |
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cepedacharles29
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December 27, 2017, 07:27:48 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 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 and why the bitcoin is rising because many buy bitcoin and especially now the bitcoin is popular in social medias like facebook, twitter, reddit and more. So now many are investors prefer to invest in bitcoin because they know they will earn a lot of money. |
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cherry yu
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December 27, 2017, 08:57:59 AM |
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i think it depend on the currency. many people are now using bitcoin and invest money to earn thats why bitcoin price getting higher.
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shazzeyglass
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December 27, 2017, 09:17:46 AM |
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Simply because of the demand that out there for bitcoin right now. The more people want it, the more expensive it gets.
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moetimas
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December 27, 2017, 09:42:12 AM |
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this time it costs about $ 15.000 +, whereas a few days before Christmas arrived the price had dropped to the level of 11,000-12000 dollars, this is a good sign in my opinion. the price is already expensive, but invest your money on bitcoin for the next few years I think this could be a big advantage also for you later. I've done it, and 2020 is the target for me to take advantage.
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jsmith85
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December 27, 2017, 09:58:58 AM |
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Supply and demand. It is expensive because many people are buying into it so the demand for it is increasing daily which makes the price sky rocket.
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Rubberduck59
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December 27, 2017, 10:00:33 AM |
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Its simply based of supply and demand. Basic economics  Since theres a finite amount of Bitcoin and the difficulty and demand is rising quickly. the price increases |
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pukwengkweng
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December 27, 2017, 10:05:54 AM |
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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.
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kejot
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December 27, 2017, 10:08:19 AM |
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The price will always getting more expensive again everytime any investor attracted to invest on bitcoin, they hold it for long time and the demand are really high. That's why bitcoin price so expensive.
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balakang00
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December 27, 2017, 12:33:17 PM |
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it costs too much because of the demand it gets form people who is interested in bitcoin. You see bitcoin holds a very big opportunity once you invest on it. You can earn coins which can be sold at a higher price and later on can be changed as cash. Bitcoin is also open on signature and social campaigns which makes you earn more. With that, who wouldn't want to invest in bitcoin? That's why they take that opportunity to price up.
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DAOfan
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December 27, 2017, 12:34:47 PM |
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Right now bitcoin is expensive because of all the forks going on and the global rush to get into crypto. Bitcoin is everyone gateway crypto.
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poplolnman
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December 27, 2017, 12:48:13 PM |
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it costs too much because of the demand it gets form people who is interested in bitcoin. You see bitcoin holds a very big opportunity once you invest on it. You can earn coins which can be sold at a higher price and later on can be changed as cash. Bitcoin is also open on signature and social campaigns which makes you earn more. With that, who wouldn't want to invest in bitcoin? That's why they take that opportunity to price up.
Think about this, when you have invested money worth 100,000 USD and then you sell it all as your money have got doubled, what happened if the other people do the same mostly like that at the same time? It should get dropped or even crash . The price bounce back only when there is another big whales come to buy Bitcoin , it's because of the demands indeed but not that simple. |
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JhonWong
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December 27, 2017, 12:50:34 PM |
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i think this is the answer SEP 2017 data are as follows. It has increased by 50% now.
At $0.12 kW/h a Bitcoin costs $1,567.88 to mine.
At $0.04 kW/h a Bitcoin costs $522.62 to mine.
This, of course, does not include hardware and other costs.
from： https://grisha.org/blog/2017/09/28/electricity-cost-of-1-bitcoin/ |
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