Why bitcoin so expensive?

[susuberuang]

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 very expensive because of the influence of demand and difficulties the miners get bitcoin, the more demand for bitcoin the more expensive bitcoin, because the total supply of bitcoin is also very little.

[Philip Graham]

Technically, the value of bitcoin is unpredictable. It can increase or decrease its value drastically because it is a type of currency that is decentralized.

[zabjerr]

I do not know why bitcoin is expensive than other coins maybe there are investors and many are rich in support and many bitcoin users than in other coin

[piter66]

The market demand is great. Limited allocation. a simple description to describe the bitcoin price reaching its highest point to date. that's why finding bitcoin is getting harder

Well duh, the only reason BITCOIN or any similar asset like gold has value is because it has investors who believe it will rise in price

[zzxswqq]

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 bictoin is always pumping because of the investors and more investors wants to invest in bitcoin because bitcoin is more trusted, capable and more consitent than other coin.

Yeah supply being limited is a important contributor to the entire BITCOIN regime. Other alts have near infinite supplies for some reason lmfao

[watchurstep45]

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.

In my opinion,its because of the demand . the higher the demand of the bitcoin the higher the price.

[jess04]

Because the more investment in bitcoin and the more price will continue to jump higher so its demand that traders and new comers are buying it even it's price is high, That's why bitcoin will be more expensive.

[mkettler]

It's really popping now! But not just bitcoins... has anyone invested in some ICOs? I invested in modultrade, love it

Yes people are complaining about it and they are forgetting about profit they are going to have in future;. Price of bitcoin is best for everyone to have best and high profit I can say future with bitcoin is totally up to price of bitcoin is bitcoin price will be high chances for profit will be high and if price of bitcoin will be low chances for profit will be low so just be calm and be ready to have benefit from it.

Ehh, the point about people “using it” is kinda meh since people have stopped using it per se instead  switched to other alts for actual payments thanks to the fees

[DigitalLemming]

Supply and demand, there is more people that want it than don't.

[oaz7t]

Bitcoin was launched with very less value but as the users started buying more bitcoins the prices jumped to greater heights and
also bitcoin being limited currency the demand kept on  increasing .
Social media also helped in advertising bitcoin through which a lot of people came to know about bitcoins and started investing in it
and when people saw the prices are skyrocketing many more started to buy bitcoins and thus the demand and prices increased and now bitcoin has become $13950.

[AndrewBoltz]

I guess the its because of the supply and demand. We can see a lot of investors coming in and supply is lacking so the price will more likely to increase more.

[SlickTight]

Bitcoin so expensive? Yes it is, because of supply and demand, more investors invest in bitcoin that's why the value getting higher, and also because of its popularity.

[levvv]

Yeah bitcoin price is so expensive because, they have many demands on public.
Also bitcoin price is so expensive too because bitcoin need a high spec tools like ASIC miner which is expensive, to be mined.
That is the reason why the bitcoin price is very expensive.

[kimmali]

Bitcoin becomes expensive almost every month because of its popularity. The higher the demand,the higher the price is. Also many governments are into investing bitcoin because of the high profit it gives. Not only governors but also investors around the world. I know many people who loves to invest in bitcoin, they also share the world of bitcoin to others that's why bitcoin is popular now.

[want0606]

I think bitcoin is too expensive because many investors pour a large amount of money into the investment. Many people buy bitcoin so it becomes rare and very expensive

[The_prodigy]

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 as to quote something is equivlaent exchange as its value and stock rise so does it pay in value when you purchase a bitcoin. However the great thing about this is that you can but a small portion of the bitcoin dependig o. How much you have

[radharX]

Its getting expensive because supply demand, and because it has limited supply. and the fact that demand continues to rise.

[Isaacck1]

I think calling it expensive does not make any sense. Yes we tell it rises and falls but what we really mean is the value of bitcoin in terms of dollars or other currency. Bitcoin's value rises because there many users and the demand is continuously rising. Many investors are popping out of nowhere because of the growth of its popularity. It is also the main cryptocurrency used for trading.

[rhayot]

Bitcoin is expensive because it is limited only and as today's research there are twenty one million bitcoin supplies. In line with this the demand of users nowadays is huge. The more the demand of people using it with its limited supplies, the value will be very expensive.

[kwabeedat]

Because Bitcoin started to grow some years back and it's been growing ever sinec. Also no one contrils pricing values or trading price but we thise who trade determine how much we'll buy and sell n. BTC will still keep on increasing its worth some years years to come