Why bitcoin so expensive?

[Roydgon]

i think it depend on the currency.  many people are now using bitcoin and invest money to earn thats why bitcoin price getting higher.
Уce щo нaбиpaє пoпyляpнocтi зpocтaє y цiнi i нaбиpaє пoпитy.

[belinda97]

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.

Supply and demand is the most normal factor that makes the bitcoin price to flow.

I agree, and with a constant increase in interest in bitcoin, he will continue to grow. Therefore, it is worth buying it during the small drops in the rate, since it will not fall much in price.

[Future3000]

Everyone understands it's a hype. And in modern world the growth of bitcoin and all of other shares caused by the media, news do everyting today. If people forget about bitcoin it will cost nothing, I'm sure. Let's see what 2018 brings us.

[hamdun]

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.

That's because the number is limited and many want to have it, it will increase the value of bitcoin. The future bitcoin will be more expensive again because of the growing interest but the amount of bitcoin remains the same.

[rancidgash]

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.

Supply and demand is the most normal factor that makes the bitcoin price to flow.

Bitcoin and other similar means of payment are building an ever larger ecosystem in which they can operate legally and serve as exchange units. The more transactions there is a cryptocurrency, the higher its cost becomes.

[edzquimno16]

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 a online cryptocurrency. Do you know the supply and demand rules ? The higher the demand and the lower supply can lead to a high price ?
There are limited bitcoin circulating in cryptoworld. Therefore I conclude that bitcoin is high price because it is only limited and the demand is so high and its going high and high thats why the price is going high too.
Hope it helps !

[qvoca]

Because bitcoin is the yardstick of the entire crypto industry. It will become like gold in the ordinary world, and may already have become. We will wait for the continuation of its growth

[12tribes]

This is because the bitcoin is gaining acceptance and more people are beginning to invest in it.

[Philip Graham]

Bitcoin is expensive simply because it has high demand

[Bes19]

It was cheap 5 years ago but people were very hesitant to invest on it coz they thought it was a scam. Now adays, many people are getting crazy in bitcoin. higher demand with a lower supply means value or price is high or will get higher even more. Expensive is an understatement.

[shezu007]

price of bitcoin depend on the demand of bitcoin in the market. As there are approximately 21 million BTC in the market and the users of bitcoin is increasing with time so as the demand increased then price of bitcoin is also increased while as the demand decreased then price of bitcoin is also decreased.

[Mazda17]

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.

You are absolutely right with this statement of fact.
Bitcoin is very expensive if it is converted into my country's currency so it costs hundreds of thousands and even millions in my country.

[elie_s]

When demands increase price increase that's why

[Mantisa83]

It is about time that people invest in a currency that is rewarding and not controlled by any corrupting banking system.

[ace4549]

I think the reason behind the bitcoin is so expensive or high market value because of the high demands they receive in the public market.
All their efforts and sacrifices in order to provide a excellent services gives them a good feedbacks in return. Through there are lots of people who entrusted their services.

[Harley29]

It's expensive because of it's like antiques.

It’s only the demand which make bitcoin expansive because this year bitcoin have been accepted by a lot of countries and some of them have made it legal and also some rich companies and some banks have also accepted bitcoin which mean bitcoin demand o very high and a lot of more countries are waiting for next year they will accept bitcoin in next year where its users will be more increased so there is no doubt that bitcoin price will go more high.

[supercanada1]

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.

its not expensive at starting but due to heavy trading volume, it gets high prices.

Well it is true bitcoin has power and it is now very popular but mate if bitcoin will get taxed for sure it will make bitcoin in legal list and it will be good bitcoin future so I would live it if bitcoin will be more popular and at some point government will make bitcoin a part of legal things like legal currency and fixing tax for bitcoin so I think these small thing makes bitcoin more expensive but right now the main reason is price and increasing value of bitcoin.

[Xtra_Coin]

Bitcoin becomes expensive due to investments in it. But while it has not yet become expensive. I will explain that in recent years and especially the last year it has grown very well, but its dawn is yet to come. But when it becomes a limited unit, its price will be completely prohibitive.

[shritin1707]

Its simple, In India gold is costlier because it's demand is more and supply is less same with the Bitcoin day by day Bitcoin popularity is increasing or demand is increasing but supply is reducing to half every four year and its demand is increasing on global basis that's why its price is high and in future more n more people will try to buy it and its price will increase again and again every year .

[Raisul Islam]

No one can say the exect price of bitcoin.So why you can say bitcoin is expensive.Bitcoin is a cryptocurrency.It's price can rising up in top of all of anything and can fall down in anytime also.I think you it's too cheep.you can say dollar price is high or cheep.Because 1 milion satoshi make one btc.in the next year bitcoin price will be more high i think.thank you.