♨♨♨ Bitcoin's Price Is Too High ♨♨♨

[reda]

We simply can't control the demand of the people. Back in 2008, how many were there who traded Bitcoin compared to today?

Bitcoin pricess high the 2018. It will increas the prices then people will be invest the bitcoin. But people releas the bitcoin then it will down the prices. Bitcoin pricess not stabel so you will kow the pricess information for the future growth. So you will check the bitcoin proces day by day then you will which time to invest and how to get profit. So you will some ideas from bitcoin.

[ajiejot]

Yes it is! Bitcoin price is already high, it will continue to rise for the next months or years. Bitcoin price is rising because of the demands, everyday bitcoin is introducing to ever new people. It keep rising the demand of bitcoin. Because people know that bitcoin is the future payment.

[jtipt]

This doesn't only apply to bitcoin, it applies to all rare things and things that have certain cap
Yeah some people may not like it , but its a normal thing
Everyone who gets in early in something successful should be rewarded

In case of bitcoin it's just the hype. Compared to btc gold is much more rare and adopted worldwide but still cheaper than btc, reason being there is no hype for gold. Newer adopters of bitcoin are just adopting it because of fear of losing out, bitcoin obviously is a bubble but it's not going to burst anytime soon.

[Nhor1011]

       Bitcoin price is to high because it is in demand. Many users and investors are now log in the world of bitcoin that brings poppularity to this kind of currency.

[Essaint56]

I think it is because merchants now accept bitcoins as payment. The more the movement in bitcoins like trading, the more the higher its market value.

[evemms]

We've mined 17m of the 21m bitcoin already.

In that time bitcoin has gone up 6 million times its original value! That makes no sense at all. Even 1000x - 10000x increase would be rather absurd


Bitcoins price is WAYYYYY TOOO HIGH!!! Only 1% of the world has adopted the coin so far. It makes no sense that the first 1% to adopt (aka miners and HODLers) should get up to a 6 million times return on their money. While someone adopting today would get a one times return. That's simply not feasible. The remaining 99% of the population will not agree to deflate their own purchasing power by 6 million - they will just continue to use Fiat.

That's the biggest problem that will prevent bitcoin from scaling.

https://www.youtube.com/watch?v=F7luAHdv61k

Heres a great video from Crypto Daily discussing the problems of bitcoins price

How is it any different to many other things? Diamonds could easily be mined in many countries previously, same as oil or gold, the early adopters made a fortune because they realised the value such things could have. The same can be said for early adopters of the internet.

[barbara44]

It is high but I think it is a response to the stranger and more questionable policies of the worlds' central banks with their inflationary practices

Definitely these banks and central systems had their own will and nature. And they were imposing their decisions on us because they knew these people don’t have any choice. So no I think bitcoins have helped us to regain our dignity from these corrupt and dishonest systems and tasted them the fun of competition. These banks are now in danger and they deserve this.

[CryptoKranthi]

We've mined 17m of the 21m bitcoin already.

In that time bitcoin has gone up 6 million times its original value! That makes no sense at all. Even 1000x - 10000x increase would be rather absurd


Bitcoins price is WAYYYYY TOOO HIGH!!! Only 1% of the world has adopted the coin so far. It makes no sense that the first 1% to adopt (aka miners and HODLers) should get up to a 6 million times return on their money. While someone adopting today would get a one times return. That's simply not feasible. The remaining 99% of the population will not agree to deflate their own purchasing power by 6 million - they will just continue to use Fiat.

That's the biggest problem that will prevent bitcoin from scaling.

https://www.youtube.com/watch?v=F7luAHdv61k

Heres a great video from Crypto Daily discussing the problems of bitcoins price

Yeah. But do you think bitcoin will still grow like it did with 10000X times returns? It will not grow like tht but sure it will grow.

[Yarsk]

The technology behind bitcoin is very high it has all the features that it need to succeed in the market, so even due the price rise to one million dollars today it will not affect bitcoin in any way investors will still come in and bitcoin will scale through the market. We are praying for the price to keep rising in other for it to get popular and generally accepted.

[Essaint56]

The price of bitcoin has reached that far because of its popularity. Every day many and many investors come in to buy coins to invest. The community is growing that is why the price is getting high.

[Kayum10029]

Lets compare bitcoins price rise to a bottle of water. Since water is something EVERYONE needs



Water:

2008 - 50 cents
2017 - 1 dollar

2x increase



Bitcoin:

2008 - $0.003
2017 - $18,000 dollars

6,000,000x increase



Clearly water (and the demand for it) is more important than bitcoin. Yet water appreciated 2x in value while an imaginary, invisible, untangible thing called bitcoin has increased 6 million times. If water increased by the same amount it woud cost 3 million dollars for a bottle today.

Would you pay 3 million for 24 fluid ounces of water? No.

Then why would you buy bitcoin for the same inflated price?

yes it is very informative information. when bitcoin was started it journey the price of bitcoin was about. 0.3cent but in present situation bitcoin price is about $15000+ really it is amazing high.