Why bitcoin so expensive?

[jrrsparkles]

bitcoin is expensive because in a relatively simultaneous time there is a huge transaction of great contribution and support from investors and traders, so that it can not be arrested, so bitcoin is now superior to other currencies

It is due to the lower quantity available on bitcoin people use and buy bitcoin frequently so it's value is higher than any other online currencies , it is one of the great way to improve out economy to the next level Very quickly .

[SiranthiS]

Bit coin start with a small amount initially. Demand gave by the participant buying and selling and it smoothly rises up to the top.

[uchethiya]

The amount of released bitcoins is less than the amount of bitcoin users. So, due to increasing demand and low supply, the product becom very expensive. I mean, the more demand is unbalanced with a stock. It is cause for increasing the price

[lyndon30]

Yes the value of bitcoin is very high , It also depends on the crypto currency use in each country if how much they convert to bitcoin, Every year, Bitcoin always increases it's amount. More demand is unbalanced with a stock. It is cause for increasing the price.

[jessica1612]

i think bitcoin becomes very expensive one of them is due to the limited amount of currency, in addition to his many ads in various social media that tells that bitcoin will be a global currency is a factor that makes bitcoin very expensive

[BitNotByte]

5 yrs ago, in your country i bet it would only cost  a hundreds or not even.. but due to many people purchased bitcoin (you know the law of supply and demand) the price increased as many people is purchasing it. now when everyone who owns bitcoin sells it, the value would drop back to the lowest point possible. 

[iv4n]

5 yrs ago, in your country i bet it would only cost  a hundreds or not even.. but due to many people purchased bitcoin (you know the law of supply and demand) the price increased as many people is purchasing it. now when everyone who owns bitcoin sells it, the value would drop back to the lowest point possible. 

But bitcoin price didn't drop on the lowest possible level, what happened is that price recover. Maybe you are just sarcastic and I don't know are you aware that 5 years ago price was very low comparing with price today, I'm sure that if you compare today's price with price in 5 years from now you will make same conclusion. Is it expensive or not is just a point of view, take a look on price in future when you thinking about buying bitcoins and like that this price now can be incredibly low and that can make you purchasing much easier for your mind.

[bentong talong]

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.

Way back few years ago, bitcoin's value is very low and is doubted that it will be successful and grow. Today, many people are already investing in bitcoin because they can see that its value is very expesive which will surely help the with their financial problems. I think one of the main reason why bitcoin is very expensive is because of its growing demand which keeps on growing as time passes by.

[marroxas]

Bitcoin become expensive because of the demand of the people, there are many investors on it so the the value of bitcoin is going higher and higher. There is a limited allocation in bitcoin because there are only limited of supplies. It just in economy, there is law of supply and demand. As we can see bitcoin is always pumping because of the investors and more investors wants to invest in bitcoin because bitcoin is more trusted, capable and more consistent than other coin.

[tokensupermarket]

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.

We all know how the law of supply and demand works here in bitcoin. Before, the demand of bitcoin was not that big yet but as time passes by, the influence of bitcoin grows which affected the value of it. The value grew higher as the demand grows tall too. We can expect that bitcoin will be more expensive in the future since it is expected to be the world currency.

[meyklove]

Maybe because its so in demand that traders and new comers are buying it even its price is high.

[Dilladupak]

because in my opinion, the more the investment in bitcoin and the more the price will continue to jump higher.dan let alone you by investing in ALT. you will find it easier to get results any time or every day.

[earl07]

The outside proccess also apply in crypto currency world,the higher its demand the higher the price bitcoin get.Beside one bitcoin is equal to 100.000.000 satoshi then why be surprise if bitcoin be expensive.Competition in the market is tight and investors keep using bitcoin that also affects its value.In our country 1 bitcoin is equivalent to thousands of money and almost near to million.Bitcoin might get higher in the near future so dont yet get surprise in its current value.

[Dilan]

there are limit of bitcoins. limit of bitcoins outs of some period. So sellers sell btc high prices. becouse they wants to get profits. so btc prise will increase that situation

[1BTC EQUALS 1CAR]

Because of speculation. All of bitcoin investors are seeing it's value touching $100k or $1M even we don't why would it happen but we just know that it will and that's make the price higher and attract more investors.

[Clegive8V]

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.

Because Demand all want to buy bitcoin more than other times also limited supply make price crazy.
the idea that price can up and down fast make all try to buy bitcoin.
fast rich 

[Christian13]

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 people are becoming aware of bitcoin technology  when bitcoin became popular the demand naturally  increases  with the limitations.When the demand increases it will be more expensive for laymen.First of all we have to consider the electricity consuming cost  and the value of bitcoin.More electricity is needed  for bitcoin mining so if it is calculated together we can conclude whether bitcoin is expensive or not.

[Glydel1999]

 It is too expensive because many uses it and many of the people use it in traiding and other investing crypto. that's why it's so expensive.

[Halcyon Days]

What people have to understand first is, that you can also buy a fraction of Bitcoin. Hence, even though one coin is expensive, 0.001 might be affordable. On the contrary, many people do not seem to understand market cap. I always here people saying Ripple or Tron is cheap, as it costs only a few cents to dollars. They do not see, that there are billions of coins in circulations and this is the reason, why the coins is cheap, but both are already listed in the Top 10. That also explains, why many newbies just invest in all the penny cryptos. This is worrisome.

[Mjeramirez]

Bitcoin price is governed by the law of supply and demand which basically state that the larger the demand with limited supply, the higher the price. Bitcoin’s supply is limited with just around 21million, fewer are in cirulation as many hoard the coin, but its demand is increasing by the minute as it gained popularity due to people wanting to grown their money through investment.