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Author Topic: Why bitcoin so expensive?  (Read 6467 times)
Tungsten-1
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January 16, 2018, 07:43:28 PM
 #741

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
No one would like to leave this kindda good and reliable currency yes transaction fees are low and conformation has become fast. It has a lot of followers and users, people are searching bitcoin and on internet bitcoin is top currency that has been searched for 10M views in just months so that bitcoin is most famous currency people trust it for having huge potential and benefits for people.
AriannaSantosUU
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January 16, 2018, 10:35:07 PM
 #742

I think one of the major factor for Bitcoin price rise is the opportunity to trade in them. There are a lot of exchanges started opening up that facilitated Bitcoin trading and with each new development, it most likely that the price of Bitcoin will really get high.
darrly
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January 16, 2018, 11:02:29 PM
 #743

As more and more people knows aboutbit the more investors there will be. Once there are so many investors, the demand will get high while the production of bitcoin has limit. If that happens, the vslue of bitcoin will rise.

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January 16, 2018, 11:07:19 PM
 #744

Cheers people, bitcoin got cheaper hurry and get your discounted bitcoin's already. The whole market is experiencing a big dip, yes it's just a dip and correction not a crash. If you have some stock on your USD balances then you don't have to miss the chance of riding today or else you'll regret it when it has been seen at $20,000+.

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Hazaki
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January 16, 2018, 11:15:57 PM
 #745

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.

Well it is now facing a drop of -20.81% in price for today only and a coin is worth $11 077,60 which is the lowest in the past 6 weeks !
Even tho people are welcoming it and it is the most popular coin in the whole world it doesn't mean that it'll always be skyrocketing .
Actually people are entering another loop of "panic selling" and "getting rid of this scam coin" because of the price drop , but personally i'm very happy with this because it'll allow me to invest more money in Bitcoin since it hasn't been this low for so long and i've been saving up for such opportunities ! .

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..

Trust is one of the most important factors for people when it comes to putting money in something , and bitcoin has indeed succeeded at gaining the trust of so many people around the globe . Bitcoin enthusiasts and the "actually have a brain" part of the community are doing a great job to promote for it , and we do all agree that no other coin has the potential to catch up with what bitcoin has achieved .
This dip happening at the moment  is a free lottery ticket and everyone should get their hands on some coins IMO .
Doni Ariyanto
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January 16, 2018, 11:22:25 PM
 #746

In my opinion, maybe because Bitcoin is created limited, this is so that bitcoin remains valuable. And this is successful, the last few years bitcoin prices really skyrocketed. This is because people believe that bitcoin values will continue to rise and rise, even for now almost everyone around the world wants bitcoin.
JesusCryptos
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January 16, 2018, 11:49:47 PM
 #747

Relax, starting from today Bitcoin is not so expensive any more. You can buy now and make reserves for the future.

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yamete kudasai
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January 17, 2018, 12:58:54 AM
 #748

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 me I think the major factor for bitcoin price rise is the opportunity to trade in them. but their is another factor on whythe bitcoin is so expensive, and that is because the bitcoin is the most popular and the most valuable coins among all and for the cause the demand on bitcoin will increase and also it's value.
aiza2007
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January 17, 2018, 01:08:19 AM
 #749

 the bitcoin has many users and investors,that's why the demand is getting higher and the bitcoin is getting rich, Grin
Geoll29
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January 17, 2018, 02:20:24 AM
 #750

Bitcoin may look expensive because its value is like the US dollar. I'm living in a country where the US dollar is 50x higher than our currency so it may appear expensive if I'm going to buy bitcoin. But anyway you can still buy bitcoin even if you have a small capital.

JoseJoseJose
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January 17, 2018, 02:23:05 AM
 #751

Bitcoin convertion depends on the current value of bitcoin and of course, the value of the paper money. If your country has a low economy, therefore you have to pay bigger money for btc
CryptoBalds
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January 17, 2018, 08:50:37 PM
 #752

it is so expensive because it has a many users and it is so in demand in the whole world thats why bitcoin is too expensive rather than other coins, and when the time comes I think bitcoin will be more expensive.

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elitelongbowman
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January 17, 2018, 08:54:59 PM
 #753

the bitcoin has many users and investors,that's why the demand is getting higher and the bitcoin is getting rich, Grin
Yes , when there are too many people want to own Bitcoin, the price of bitcoin will be pumped by them.
Rakabel619
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January 17, 2018, 08:59:52 PM
 #754

Hello. bitcoin is expensive? dropped a lot, almost half of the historic maximum, dropped like many other coins and did not understand what caused this massive drop in prices. can somebody just blur me out? I think now is the best time to buy bitcoin, ethereum and other coins in the hope that the price will rise again

Valentina N
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January 17, 2018, 09:08:19 PM
 #755

Hello! You can choose the better one for you:
Because somebody trust it and believe in this
Because he is Godfather of all cryptos with philosophy?
Because first crypto - king - brand?BTC
Because its profitable - demands and supply
Because it's something like anarchy - against Illuminati and mason system (or just governments) etc
Because of Hype
Because it's really something new, fresh, without cash?
Have you your own answer on your question?

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cryptojoe
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January 17, 2018, 09:09:23 PM
 #756

It is expensive because many people are buying into it so the demand for it is increasing daily.
CoPil
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January 17, 2018, 09:53:50 PM
 #757

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.

The demand for Bitcoin is very high. Before, when btc is not popular it was even used to buy a pizza. And now the cost of that pizza contains millions of money. Because btc's value is developed through time neither because of its popularity, the people who trust in bitcoin (especially the investors and traders) and the money that people sacrificed for it, the fact is that "it will really become more and more expensive as the time goes by." For those who invested early, they would not think of BTC as expensive. For those who will start now, you would probably think that BTC is a crypto in which it is really hard to invest into. You can try other alts and eventually jump start your way to Bitcoin.  Smiley
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January 17, 2018, 09:59:31 PM
 #758

Bitcoin receives too much support and investment from the community. Its value is decided by the community, when the community recognizes its true value and accepts it, the value of bitcoin grows so much that it is acceptable. The market is falling deeply, if you can invest in bitcoin right now because this is the last chance this year that you can buy bitcoin at such a low price.

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cryptojoe
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January 17, 2018, 10:00:11 PM
 #759

Bitcoin is very expensive if it is converted into my country's currency so it costs hundreds of thousands.
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January 17, 2018, 10:06:14 PM
 #760

Surely you already know about economic laws, where prices are heavily influenced by demand and supply. That's what happens to bitcoin prices. When the demand is high and the offer is limited, the price will increase dramatically.
Something similar will happen if you exchange it with the applicable fiat in your country. It will be configured according to the prevailing value.

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