Why is bitcoin so expensive?

[teebasas 3018]

Bitcoin currency is the most popular currency among digital currencies and it is the most used. The more demand for a currency, the higher its price. Therefore, the popularity of bitcoin has maintained its high value.

[SelimAbi 339]

Bitcoin is a coin with the most loyal users and most users in the world. Thanks to the projects that have been committed to, the value graph has always climbed up.

[Jacks52 351]

 A lot of people use Bitcoins all over the world and the value of Bitcoins is increasingly right now. the maximum where you can pay with bitcoins is online stores of accounts and keys to games, nowhere else does bitcoin accept.

[chambers 58]

Well, the level of demands and the nature of controlled supplies has made bitcoin what its is today in terms of value and command of price. 

[Adrian Atiencio 156]

Hello, good evening to all, excellent post mate. Bitcoin has risen in price over time because many people are in favor of it and many big investors are also interested in it. There is a very big demand in bitcoin. It is also influenced by the capacity with which their transactions are made. 

[abohasnn9 2401]

My friend, they worked, Bitcoin is considered the parent currency of all cryptocurrencies, and this is what makes it a great price, as all cryptocurrencies are linked to it by blockchain that regulates the price of all cryptocurrencies according to Bitcoin, which raises and lowers it Thank you very much

[ltml 16]

In my opinion, bitcoin is a clearly organized cryptocurrency with a very large volume of transactions, when its market cap and transaction volume reach a certain level it will increase dramatically.

[Jacks52 351]

 the maximum where you can pay with bitcoins is online stores of accounts and keys to games, nowhere else does bitcoin accept.number of demands is greater than the supply, more people hold Bitcoin as an investment than as a medium of exchange.

[Akhi2021 131]

My dear friend, the right demand has a direct impact on the quality of Bitcoin.  Bitcoin has been dug up before opening the blockchain to other users.  The rate at which new bitcoins will be released through mining will be cut in half per coin by the end of May 2020.  Bitcoin currency is a bit expensive for this.

[Abdur5555 45]

I also think that since Bitcoin is expensive, it has more users, but banks are quicker to do Bitcoin transactions. It seems to me that raising the price of the non-consumer part depends on the market.

[Jeff J Carrel 27]

I think it's expensive too because there's a lot of supply and demand for it, and its popularity is very high, and despite the partially high transaction fees, it provides a very safe payment and purchase process.

[selfmade 7]

On 12/23/2020 at 12:40 PM, Michailma said:

The bitcoin is so expensive because most of the bitcoin member are much in population and the market place is so high and thats the reason why it so expensive, but will follows all the members post to get more ideas again

Like you have said it is expensive because more population is investing in, but i have one question to ask; do you think the popularity of bitcoin would last forever over other coins?

[jackycrypto485 1055]

Just for correction, the last block will be mined by miners in the year 2140 and not in 2040, this keeps Bitcoin going for the next 120 years and thus the Bitcoin quantity cannot be easily depleted, but it will become scarce and the demand for it increases.

[BhenGhix 804]

The collective acceptability that Bitcoin has gotten in it's market occasions is what actually gives it a maximum chance of rising in price.

There is never a problem about that since it is still the most accepted and well recognized and most embraced cryptocurrencies within the forum members.

[Mamun5253 85]

Hello dear How Are Are. I Hole you are good.thank you Sharing good information.we have to know Why is bitcoin so expensive..? I think,bitcoin is the popular coin of the world.and it is a digital currencies. So it is very expensive. 

[Emanec 17]

Bitcoin has becoming very high price among all currencies in the world due to its limited coin supply which is very low depending on biggest demand that the coin having that's why its becoming very high price. 

[huesca123 946]

One of the reasons is that people are losing faith in fiat currencies. Also the corrupt banking system that we have to use every day. Another reason could be the herd mentality. Which means people tend to do what other people are doing. Also called peer pressure. The human being is a social animal. Think, monkey see, monkey do. This is no different.

[Nizami2088 236]

my opinion on this issue, Why Bitcoin is getting more expensive because Bitcoin cryptocurrency is getting smaller every year the number of bitcoins becomes smaller every year and these cryptocurrencies when it decreases it becomes more expensive at times cash prices.

[ammarkhkkh 753]

Bitcoin is now the most popular cryptocurrency, and it is considered very expensive because it is the most traded cryptocurrency now, and because its shares on the stock exchange are high and the demand for it is high.

[Megan Kyle 955]

Bitcoin is one of the most demanding and popular crypto currency of all time.  People are showing interest in it.  Some of the people living thier life by doing it. People are trading and investing in bitcoin lots. Thats why its so expensive. Bitcoin has a promising future. And bitcoin price is increasing day by day.

[Umair786 33]

many people are in the race of the cryptocurrency and of the Bitcoin that is why more and more people are heading to the cryptocurrencies and the amount and the price is increasing

[Ashrafi62 489]

I am doing new work in this forum.  So I am not so expart in all matters.  But I know that bitcoin is very expensive.  With this bitcoin many people are able to make money and be successful.

[Crypto Eng. 1142]

The scarcity of this currency is the feature that will keep its price high. With the increase in demand over supply, this price will continue to rise, achieving more record levels.

[Meer Hamza 409]

Bitcoin is getting expensive because it is gaining it’s real value and the reasons are growing worldwide popularity, acceptance as well as it’s own advantages.

[emilywillson 666]

When we talk about Bitcoin, we are talking about the king of cryptocurrencies ....
Certainly, the price of Bitcoin will be very expensive due to the facilities provided by Bitcoin in conducting virtual transactions at a tremendous speed and does not require much time or effort, also the entry of Bitcoin into the security field has facilitated many security measures.
I want to confirm the idea of the tokens that you put forward, dear, as the number of tokens Bitcoin owns is somewhat limited, which makes Bitcoin very expensive.
Also, the increased demand for bitcoin is greatly increasing its price in the market.