Aryadwipanggah (OP)
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June 27, 2018, 07:41:06 AM |
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more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
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gantez
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June 27, 2018, 07:48:02 AM |
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The adoption rate too. People have started using it as alternative to fiat in financial transaction because of its advantages and whatever has high demand, increases in price.
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dohh
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June 27, 2018, 08:06:52 AM |
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more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
There is a factor, that makes future of BTC not just expensive, but impossible in the future. When all coins are mined, there will be nothing to pay with to miners. If transaction fees will be fair compared to energy cost of mining, transaction in bitcoins will be very expensive. If transaction fees will be attractive and small, there is no point of mining anymore. |
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Crypto one
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June 27, 2018, 08:26:32 AM |
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more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
There is a factor, that makes future of BTC not just expensive, but impossible in the future. When all coins are mined, there will be nothing to pay with to miners. If transaction fees will be fair compared to energy cost of mining, transaction in bitcoins will be very expensive. If transaction fees will be attractive and small, there is no point of mining anymore. There's still 120 years until the last bitcon are mined, no ones know what other things the bitcoins networks will be used for in that time. Running the network cut easily be very profitable also when there's just transactions to do, even if they only pays a few satoshi each. |
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mustamin88
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June 27, 2018, 08:29:01 AM |
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According to me As the demand, the higher the demand for something, the higher the price, if other conditions in general nothing has changed. Similarly, the more vendors or merchants who receive Bitcoin as a means of payment, the Bitcoin price will increase.
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bebebs12
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June 27, 2018, 08:49:56 AM |
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I think the issue factor greatly affects the price of bitcoin, because with the presence of positive issues will affect the public perception of Bitcoin, we take for example just a time ago german legalize crypto currency. If Bitcoin gets a better perception, Bitcoin demand will increase and eventually increase the bitcoin price.
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avikz
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June 27, 2018, 09:07:51 AM |
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more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
There is a factor, that makes future of BTC not just expensive, but impossible in the future. When all coins are mined, there will be nothing to pay with to miners. If transaction fees will be fair compared to energy cost of mining, transaction in bitcoins will be very expensive. If transaction fees will be attractive and small, there is no point of mining anymore. The future will be coming in approximately 2140. Our generation will not be alive to see it. However, like you said, once the last coin is mined the miners will have to rely on the transaction fees to keep their operations running. That is correct! However, keeping in mind that the last bitcoin will be mined in 2140, the technology of mining is also expected to be less expensive and smaller in size just like it happened with mobile phones. The more research and development work happens in this sector, the technology will become cheaper and adopted by mass. So the kind of cost we require now to maintain a profitable bitcoin operations, will become much more cheaper, smaller and easier to handle. The second factor is the price of bitcoin. The more we reach towards depletion, the bitcoin price will become more expensive as per the normal demand supply rule. As per the current hashrate, the bitcoin block reward is expected to be halved in May, 2020. The more scarce is become, the more pricey it will become in the market to compensate the halving effect to the miners. So till the time we mine the last bitcoin, the market will radically change from the current situation. All we can do is assume the future, but no one is sure what will happen. Since we are not going to live till 2140, enjoy what we have today! |
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stayeduptolate
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June 28, 2018, 08:54:41 AM |
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more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
As I always use to state in my almost all posts that the valuation of bitcoin is governed by many factors and it’s not a single factor dependent. Bitcoin has always proved itself a very volatile and versatile crypto currency and due to which its valuation keeps on flactuating with in a very short span of time. As you stated one factor for high valuation of bitcoin. And according to me the market demand and supply of bitcoin also plays a major role in high valuation of bitcoin. |
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Arnold110
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June 28, 2018, 06:37:00 PM |
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As we know whatever has a high demand is very high in price to get. Now a days bitcoin is used as an alternative as transaction to the fiat money and so it is becoming more and more expensive day by day.
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juliehunt07
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June 29, 2018, 06:08:39 AM |
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bitcoin users know that it a expensive field but this place is more or less unpredictable so rate of the prices can be changed moment to moment . as much one one get involve with this business with experience they can understand the factor behind this price manipulating
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salinagomez
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June 29, 2018, 03:37:30 PM |
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When all the bitcoin will be mined there will be new factor that will make the BTC not only expensive but also impossible. I think surely people will face this things in the future as BTC is becoming more demandable day by day.
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ClarenceDo
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June 29, 2018, 07:14:55 PM |
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There are many factors which are responsible for the price of Bitcoin being expensive. As you said demand and supply plays a major role. the other reasons include volatility, scalability issues and liquidity.
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dohh
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June 29, 2018, 07:51:04 PM |
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more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
the other factors? An air. Air is very expensive, its essential for living. |
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PaulTrace
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June 29, 2018, 08:00:04 PM |
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The demand of bitcoin and its supply is also somewhat responsible for the fluctuation of its price. Miners are coming in to mine more and more bitcoins. Its demand is increasing and thus price will increase too. Nevertheless bitcoin will still be at the top of its game despite all the hurdles it has faced so far.
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cyruh203
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BitSong is a decentralized music streaming platfor
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June 29, 2018, 09:26:48 PM |
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when market demand increase then the price will increase also, this is also the factor of bitcoin price movement. bitcoin itself is volatile we cannot assume when will the price goes down or up. all we have to do is enjoy of what we have today and looking forward for the higher value in the future.
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traderethereum
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June 30, 2018, 08:40:15 AM |
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I think the most factor that will give an impact for bitcoin prices is supply and demand. when the demand becomes high and the supply is not too much then the price will be expensive. so far, the demand of bitcoin still higher and many people still trying to buy bitcoin in any prices. so I think it will make an impact for the bitcoin price to increase higher. I think we cannot see when the last bitcoin is mined because it still too long to wait it will happen and maybe our descendants that will see and use bitcoin.
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robertcross07
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June 30, 2018, 11:50:10 AM |
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Agreed with you but this is not the only reason of higher price of bitcoin. More or less all coins require same type of machines to mine it. But all are not of same price. Market demand and supply is the main factor of high price and low price.
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crzy
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June 30, 2018, 11:56:44 AM |
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Agreed with you but this is not the only reason of higher price of bitcoin. More or less all coins require same type of machines to mine it. But all are not of same price. Market demand and supply is the main factor of high price and low price.
Demand and supply is another reason why the market is fluctuating, but right now its more on market manipulation. Its hard to mine bitcoin nowadays, but the price getting harder to pump because of whales dumping the market. more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
the other factors? An air. Air is very expensive, its essential for living. Lol. Its given, but the price of bitcoin will never depend on the air quality in one place. |
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Tankdestroyer
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June 30, 2018, 12:03:48 PM |
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And according to me the market demand and supply of bitcoin also plays a major role in high valuation of bitcoin.
It is already a general idea and because of it, I don't see any sense of putting according to me at the beginning of your sentence. more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
Another factor that makes price expensive besides those already mentioned is PRICE SPECULATION. Believe it or not, a huge sum of money is flowing into bitcoin and crypto space for the sake of just buying it to be able to sell at a higher price(users hold to be able to do that). The same can also be said to altcoins but market capitalization with bitcoin is higher. |
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budismile
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June 30, 2018, 01:01:57 PM |
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more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
As I know, Bitcoin can be expensive because of the limited capacity of Bitcoin. From around the World using Bitcoin, there are only 21 million Bitcoins. the more people search and use Bitcoin, the more expensive Bitcoin. because nobody wants to sell Bitcoin for cheap. |
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earnetheasy
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June 30, 2018, 01:15:43 PM |
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I believe that this is so expensive to buy the mining instruments. I think that these instruments longivity is too low due to high power consumption thats why manufacturing corporaions are not offering any warrenty and increase the prices as well.
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sakahayang
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June 30, 2018, 01:19:15 PM |
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more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
Not that Bitcoin miners tools are expensive, Bitcoin to be very expensive. I think that does not affect the price of Bitcoin becoming more expensive. which affects the price of Bitcoin is becoming more expensive are many people who want to invest in Bitcoin, thus triggering the price to increase. I example like this: I have 10 Seeds Marbles, I sell 1 marbles for $ 1 and and it turns out that who wants my marbles more than I have so people who want my marbles dare for $ 2, so also others dare with price $ 3 and so on. because the demand that so much my price marbles be $ 10 per 1 seed. |
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Bulljcak
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June 30, 2018, 01:43:13 PM |
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Agreed with you but this is not the only reason of higher price of bitcoin. More or less all coins require same type of machines to mine it. But all are not of same price. Market demand and supply is the main factor of high price and low price.
If we can use bitcoin in our daily life and needs,the more higher price will it be.One of the factor is market demand will remain consistent. |
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JerryJam
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July 04, 2018, 10:38:14 AM |
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No one knows exactly what will happen after the last bitcoin is mined.The future of cryptocurrencies is not 100% defined.But some cryptologists predict positive changes.Large capacities are required to service the entire block maintenance system.I think that progress does not stand still. And over time will evolve. PC capacity will increase and therefore the production of cryptocurrency will be more efficient.
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Jonsnowstark
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July 04, 2018, 02:15:27 PM |
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Yes, miners fee is one of the reasons why bitcoin proceis high. We are if im not mistake 70 or 80% mined already. It gets harder, longer and ore expensive to mine the rest of the coins already. Another factor that influences the price if bitcoin is the law of supply and demand which is affected by news. If negative news comes in or mostly fud or fake news, peopletend to sell their coins and the supply of bitcoin in the market increases. If positive news comes in, more people buy bitcoinand the price goes up because the supply in the market would be low.
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katulana
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July 05, 2018, 08:17:39 AM |
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Bitcoin has a value that I think is big enough, especially since it's a lot of money for people, I think the length of these devices is too low due to high power consumption, that's the reason. why do not the manufacturing companies provide
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thevlox
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July 14, 2018, 05:54:33 PM |
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bitcoin expensive factor. bitcoin in that we invest do after when it again buy and we low price would like to buy. again when sell again when more than the price of the sale .. so everyone so so bitcoin ecpencive. and bitcoin many big cryptocurrency expencive it will be.
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*kimcil*
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July 14, 2018, 06:06:28 PM |
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more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
Adoption rate as well. People have started using it as an alternative to financial transactions because the benefits and bitcoin also have the nature of Anonymity, so people can hide their identity while transacting. this is a crime opportunity by some people, and I judge something that smells illegal always grows fast. |
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papa-tata
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July 14, 2018, 06:33:40 PM |
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because btc as a cryptocurrency pioneer of that the reasonable why btc very expensive at this time. with a lot number of ico popping up and just accepting btc or eth as payment , commonly investment people will buy btc for the payment of this investment will pump and btc will continuous soaring.
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SoloMoney
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July 14, 2018, 09:35:39 PM |
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The price of bitcoin will be even more dear to people who will start actively introducing it into their existing businesses in order to attract new customers.
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Valer4ik
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September 30, 2018, 12:43:04 PM |
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I connect the fall in the value of the crypto currency with the consequences of hacker attacks on the crypto-exchange. So, recently, the exchange of Coinrail underwent a hacker attack, as a result of which bitcoin lost more than 12.25% of the cost. When it became known about the breaking of the crypto-birge Bithumb, the cost of bitcoin decreased by only 2%, and then rebounded again by more than 3%. I found this to be evidence of the rapid recovery of the crypto currency after the shocks, but these events are still pressing on bitcoin.
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MaximusJune
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October 04, 2018, 05:12:16 AM |
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The demand for bitcoin and its supply is also partly responsible for its price volatility. Its demand is increasing and hence the price will increase. When the market needs to increase, the price will also increase, this is also the bitcoin price movement factor. Bitcoin itself is volatile, we can not assume when prices will drop or rise. All we have to do is enjoy what we have today and expect higher values in the future. So I think it will impact higher bitcoin prices.
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erickkyut
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October 04, 2018, 05:30:41 AM |
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more and more bitcoin users, the difficulty of bitcoin being mined with mine equipment is also somewhat expensive are some of the factors of bitcoin prices to be expensive, what do you think is another factor that makes the price expensive?
Yes, you are right about the mining difficulty and the of supply and demand as one of the factors for the price of Bitcoin. I can also add as another factor is the future importance and use of Bitcoin. People and big companies are now investing on its because of the blockchain technology. They foresee that blockchain will be very useful in the future so they are now buying more cryptocurrencies and also some of them are creating their own. |
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ubiheal200
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October 06, 2018, 10:19:04 AM |
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Bitcoin will still be at the top of its game despite all the barriers it has faced so far. Bitcoin itself is volatile, we can not assume when prices will drop or rise. I think the most important factor that will make an impact on bitcoin prices is supply and demand. So far, bitcoin demand is still higher and many people are still trying to buy bitcoin at all costs. I think we can not see when the last bitcoin is exploited because it is still too long to wait for it to happen and maybe our descendants will see and use bitcoin. More or less all the coins require the same type of machine to exploit it. But all are not the same price. I believe that buying this mining tool is very expensive. No one knows exactly what will happen after the last bitcoin is exploited. But some ciphers predict positive changes. Computer capacity will increase and thus electronic money production will be more efficient.
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