Why bitcoin so expensive?

[xiaopang11]

Because the value of bitcoin is recognized by many investors, the number of bitcoins is limited, very few, and the mining of bitcoin consumes a lot of energy.

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[Sum24]

Bitcoin cheap as of now the real price of bitcoin is 1 million dollars the reason is limited supply and lot of demand and technology behind bitcoin

Actually bitcoin demand is going high day by day and that’s why its price is going high its now very valuable in market because bitcoin is the only currency which is doing something great for its users and in a very short time bitcoin reached to many countries it’s not only helping in economy of countries but it’s also reducing unemployment in many countries that’s why it’s becoming very expansive and it will be more expansive in future.

[bitgolden]

Bitcoin is expensive because the supply is not keeping up with the demand. And with every passing year, the supply is getting reduced. I am not complaining, as the prices are rising and I am gaining out of it. If you think that Bitcoin is too expensive, then there are a lot of other options out there.

The main reason behind the sky touching price of Bitcoin is what you have already told. Whenever there is a huge demand of a specific item and that item is present in a tiny amount, it becomes expensive. From the very beginning the total amount of Bitcoin was a scarce one. 

That number is decreasing day by day and we are left with even fewer bitcoin. I understand that you are just telling the truth, so am I, my friend. No worries.

[Tavarez]

expensive because of the demand, everybody wants to be in possession on bitcoin these days. Also the way it is produced or created is expensive (includes time, electricity, mining rigs). Also btc is the 1st coin to get world wide known.

[ntodntodan69]

the price of bitcoin expensive one of them because bitcoin is very famous with a limited number, not everyone can have bitcoin, therefore we know the price of today's bitcoin is fantastic

[giogio0504]

It makes no sense to call Bitcoin expensive, it is like calling dollars expensive. You know you can just by a fraction of it? You can buy down to 1/100 millionth of a Bitcoin. This is called a satoshi, after the inventor of Bitcoin. Think of a satoshi as the cryptocurrency and a Bitcoin just as a word for 100 million satoshis. Now it isn't really expensive is it? It is too cheep even.

All the bitcoins in the world cost billions of dollars, is that what you mean by expensive? If that is the case, then take a notice that the amount of money in the world is easily in trillions. That makes Bitcoin an insignificant part of it and it is technologically far superior to fiat currency.

Interesting point of view, never though about this. no it really seems not very expensive 

[DainSLane]

Bitcoin is expensive because it is popular. Due to high demand, bitcoin is becoming expensive. It gets more and more people wanting to invest on it that's why the price is becoming high. It depends on how people welcome it.

[rodgelampis]

The main reason behind the sky touching price of Bitcoin is what you have already told. Whenever there is a huge demand of a specific item and that item is present in a tiny amount, it becomes expensive. the price of bitcoin expensive one of them because bitcoin is very famous with a limited number, not everyone can have bitcoin.

[boddy.dy]

I think why bitcoin is so expensive because of two core values and that is its supply and its demand. I read form some articles that there are only few bitcoin in the word. And that small amount of bitcoin is distributed in the whole world. Now that its user grows rapidly, and its use are also increasing or in the other word it is now accepted in many aspects, like stores and remittances centers. With this situation surely its demand will also increase. Therefore we can conclude that the law of supply versus demand is the main factor why bitcoin now is so expensive and still increasing its value.

[oviudiu]

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 can always buy pieces of it, you don't have to buy a whole Bitcoin if you don't have the money. You will still benefit from the price increase.

[Eterbank]

Most popular coin and it is scarce. Those 2 in combination makes price expensive.

[andybits]

Not really that expensive compared to what it will be soon.

[jayco25]

Bitcoin is very expensive right now because of demand . A lot of people also a lot of investment in bitcoin so that the price of bitcoin rise so HI. But time will come price will go down.

[Bellator]

Bitcoin is expensive because it is popular. Due to high demand, bitcoin is becoming expensive. It gets more and more people wanting to invest on it that's why the price is becoming high. It depends on how people welcome it.

For me, bitcoin becomes more expensive because of many people who are still using it and because of its popularity also. Due to its high demand, it will be more expensive day by day. It becoming more expensive also because of its advantages that can really attracts people, the good characteristics that can really attracts people to use this. Bitcoins price becomes more expensive because of many people who trust bitcoin completely. Bitcoins price will depend on how people really accept bitcoin as there job. Price of bitcoin keeps on increasing because lot of people continue to invest here in bitcoin.

[dama12]

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

Basically, its prices are going up due to high demand and less supply. More and more businesses start accepting bitcoins for regular usage then its demand will go up but supply may not increase so fast so its prices will shot higher. The current prices may be looks expensive for now but after two or three years these prices may look very cheap so start investing in it instead of worrying about whether it is expensive or not.

because the bitcoins has many users and investors.bitcoin becomes very expensive one of them is due to the limited amount of currency.amount of people who are bitcoin users is more than amount of bitcoin in the world..

[Marry Finch]

Demand and supply are the cornerstone of the entire economic system.
Issue of coins is limited to 21 million Bitcoin. This means that it will not be possible to issue crypto currency indefinitely, and it turns into a category of scarce goods. What happens to ordinary money, when does the central bank include a printing press? Money is falling in price, inflation is growing. Coins Bitcoin problems of cheapening are not terrible. Closer to the upper limit of the emission, the more valuable the purchase of the crypto currency for investors and the higher the price. On the other hand, with the approach to the upper emission point, the process of extracting crypto-currency is also complicated. The cost of time and money to create one block is growing. Accordingly, the cost of coins also rises.

[hibiscus]

 
   


                                                                                                                                                                                                           



Bitcoin is the first cryptcryptocurrency which has ever started in the market.While starting the bitcoin its price was low as usual with other cryptocurrencies now. By studying and understanding the merits and demerits of the Bitcoin more and more people are attracted in to  it for the investment and hence naturally its market demand and price has increased.

[Improperstammer]

I think Bitcoin's price is now rather expensive because of the sheer demand as an effect of how popular it has become. We don't see this in any other coin 'yet' since Bitcoin is the only crypto that most of the world has learned to trust..

[engrdaver]

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.

To put it simply, something that has high demand yet limited supply will always be expensive because people will be buying it. Another is that people today have learned the value of Bitcoin and the possibility of making it an investment. Also, talks about using Bitcoin as an international currency for online payments intrigues people, so more are getting into the Bitcoin fever.

[xuv500]

Demand and supply with market cap in crypto currency makes a crypto currency expensive if you compare that with paper currency. Bitcoin concept is decentralization, peer to peer and block chain technology, these elements makes bitcoin the top trusted and worth crypto currency till date. You can say or ask in other word, why paper currency is so cheap.