Why is bitcoin so expensive?

[Mdavlat 25]

Bitcoin is most popular currencie in the world. When its price pumped in 2017, all news channels told about Bitcoin. Millions investors invested their money in Bitcoin. That is why its so expensive.

[Affect579 66]

Bitcoin is so expensive because it appeared a long time ago and it is also the most popular coin of all.Bitcoin is also limited to 21 million units.

[hatem70 20]

One of the reasons for the high price of Bitcoin is that the cost of mining is very high and wastes a large amount of energy, as it needs modern devices with high potential
Also, the total amount of Bitcoin is 21 million, and the value of the product is halved every 4 years.
As well as the popularity of Bitcoin among the people and the confidence it enjoys, as well as the recognition and approval of a number of governments of some countries to deal with it as a monetary method, and it is also possible to buy directly with Bitcoin from some stores.
The bottom line is Bitcoin is on its way to becoming an official currency in monetary transactions

[Abas 21]

Bitcoin is expensive because a lot of people are buying it and trading it in 2020 it got very familiar in the online business industry 

[jmarin0610 44]

On 11/22/2019 at 4:34 PM, Slavish said:

Why is bitcoin so expensive?

Здравствуйте! Биткоин такой дорогой по нескольким причинам: Ограниченное количество токенов в 21 млн. По расчетам последний биткоин будет добыт майнерами в 2040, каждые 4 года происходит халвинг и награда майнерам уменьшается в 2 раза. Анонимность транзакций. Можно переводить любые суммы и ваш кошелек никогда никто не сможет отследить. Спрос и предложение. Чем больше его покупают, тем он дороже. Скорость транзакций, если сравнивать с банковским переводом. Можно брать кредит в биткоинах и расплачиваться им в магазинах.

 

 

Hello! Bitcoin is so expensive for several reasons: A limited number of tokens in 21 million. according to calculations, the last bitcoin will be mined by miners in 2040, every 4 years there is a halving and the reward to miners is reduced by 2 times. The anonymity of the transactions. You can transfer any amount and your wallet will never be able to track. Supply and demand. The more people buy it, the more expensive it is. The speed of transactions when compared to Bank transfer. You can take a loan in bitcoins and pay them in stores.

Bitcoin is a widely used word, highly publicized and current, it has even been mentioned in movies today, it is the oldest digital currency or cryptocurrency, it is the one that initiated this whole process of transformation of the world economy and it is also a blockchain technology that becomes an anonymous ledger that cannot be altered and this gives it much greater utility therefore 21 million coins is very little , at the same time every 4 years the generation of new BTCs is reduced to the market and for this reason it became something very desired and at the same time expensive.

[Francisco87 651]

Los bitcoins son tan caros porque hay personas que pagan su valor, ademas se crean digitalmente a través de un proceso de "minería" que requiere computadoras potentes para resolver algoritmos complejos y procesar números. Actualmente se crean a razón de 25 Bitcoins cada 10 minutos y tendrán un límite de 21 millones, un nivel que se espera alcanzar en 2140.

[chinox2020 11]

I think that the cryptocurrency of Bitcoin is expensive because of its high use worldwide since many users buy it and every day there is more demand for the currency.

[SergePhobia 94]

Bitcoin is so expensive because they have build a name, I think they are the first cryptocurrency in the cryptoworld, Most currency are now convertable to bitcoin, and any other coin can be converted to bitcoin, I think bitcoin is the heart of the cryptocurrency. Just my opinion, Im also a newbie here! Thanks and have a nice day!

[simon1969 18]

Well, bitcoin got really popular (especially now) there are more people who want to buy bitcoin compared to the amount of people who has bitcoins and wants to sell them, basically. 

[Jonathan0725 57]

The main reason for the price of bitcoin is that it has a limit of currencies that can circulate and this makes it a deflationary asset, in addition, its decentralized system has aroused the interest of many and the way the blockchain system works gives a lot of security, for which many people have invested in this asset.

[Clark5 23]

Bitcoin got so expensive because it got popular. The more people who accepted that it could have market value but very little utility..

[Ronnier 14]

On 22/11/2019 at 16:34, Slavish said:

¿Por qué Bitcoin es tan caro?

Здравствуйте! Биткоин такой дорогой по нескольким причинам: Ограниченное количество токенов en 21 млн. По расчетам последний биткоин будет добыт майнерами в 2040, каждые 4 года происходит халвинг и арамерами. Анонимность транзакций. Можно переводить любые суммы и ваш кошелек никогда никто не сможет отследить. Спрос и предложение. Чем больше его покупают, тем он дороже. Скорость транзакций, если сравнивать с банковским переводом. Можно брать кредит в биткоинах и расплачиваться им в магазинах.

 

 

¡Hola! Bitcoin es tan caro por varias razones: una cantidad limitada de tokens en 21 millones. Según los cálculos, los mineros extraerán el último bitcoin en 2040, cada 4 años se reduce a la mitad y la recompensa a los mineros se reduce 2 veces. El anonimato de las transacciones. Puede transferir cualquier cantidad y su billetera nunca podrá rastrear. Oferta y demanda. Cuanta más gente lo compre, más caro es. La velocidad de las transacciones en comparación con la transferencia bancaria. Puedes pedir un préstamo en bitcoins y pagarlos en las tiendas.

bitcoin has a strong demand that is why its price rises, the higher the demand, the more expensive its currency will be. bitcoin is the only currency that interests me in investing

[barillo 36]

From my point of view, one of the reasons that makes it so easy is in terms of demand, fame and popularity that it enjoys with investors around the world. It is one of the first currencies that it has credibility.

[Anastaisha 97]

Bitcoin became so expensive as it became popular. The more people accepted the market value, but the little utility, the more expensive it became. Bitcoin is likely to be costly because the price is manipulated.

[Shuvo46 41]

Bitcoin is a most popular and worldwide crypto currency. It is very expensive because all the people using this coin and this coins price is too high. 

[Aybek7 13]

I will repeat again that our future world may be behind electronic money, and already that cash will not be used, which is already moving towards this. And due to the fact that bitcoin is one of the first to create electronic money, that's why it is expensive. It is better to acquire it now as well. may the price go up

[ozgese 17]

Bitcoin is expensive but it will be more expensive in the future

[amwowhoi 22]

While there are at least 35 million millionaires in the world, the number of bitcoins will be a maximum of 21 million. You got it right - there will never be enough bitcoins for every millionaire in the world, and not all millionaires in the world, for example, can each have a bitcoin for themselves.
What really makes Bitcoin worthwhile are two features: scarcity and credibility.

[chinox2020 11]

I agree with you Bitcoin is very expensive because it is very popular all over the world, and also Because the demand for Bitcoin has increased day by day, digital transactions, including payments and crypto currency pairs.

[Mridul Rahman 1058]

The value of Bitcoin remains high due to its potential and that of the Blockchain technology that backs Bitcoin. The Blockchain technology is quite promising with a high potential and a proven success on a small scale. Beyond potential, it has no real value. Many people around the world still believe Bitcoin has some meaning.Bitcoin also possesses a price because people accept it as a mode of transaction.

[moneydoer 87]

Hi Guys! I think, that BTC is not so expensive as you think. Its price will grow up in future i am trust. Sure, BTC become more popular from day to day. In some ways it useless, for example its difficult to buy something in btc. But the main advantages of BTC are limited emission and anonymity. It's new GOLD.

 

 

 

 

[Billalkhan6712 82]

The best cryptocurrency is Bitcoin. Bitcoin has a large population and a large number of users. Bitcoin can be very profitable with a small investment. So Bitcoin is a little expensive
Thank you for sharing this with me

[Tibor Mirk 13]

Because BTC is the "mother" coin. The one and only, the creation of all the other altcoins. If BTC did not exist, neither would exist other coins. BTC is the only coin that people trust it. And that why millions of people buying it every day and of course you can access to other altoins through BTC. 

[cheliksmarsa 68]

A huge part of the price of bitcoin is based on its value as a unique multi-currency system and the huge trust of people in this very currency.

[Mirandum 77]

A become so popular when there is a low distribution, that is when people are not selling off Thier coin the demand starts going up, and people will pay any price to buy these coin. That is when you see the coin begins to moon. 

If you notice BTC has gained a lot of value in the market and now the price is over $10,000