Why is bitcoin so expensive?

[Lubruselu 2803]

Bitcoin is so expensive coins than other because there have a lot of investors need to have bitcoin but there have only 21000000 millions of bitcoin available, so that's lead here to have lacky of bitcoins so sellers should sell it for high price in order for everyone to have it

[aqua 773]

Bitcoin is expensive because people buy and sell bitcoin from time to time. They do that to make money from bitcoin because bitcoin now becomes a commodity, and it can be traded. But unfortunately, not all countries allow bitcoin, and some countries prohibit their people from using bitcoin. So if many people or all people buy and sell bitcoin, I am sure that the bitcoin price will be expensive than today.

[Naga 1250]

Thats a pretty odd question to see from people who are supposedly here because they know the worth od bitcoin.  Bitcoin is at this high value because its a strong tool against government power over people and how crypro liberate us from debts.

[hakimgentlemen 671]

It is the rule of commerce the most requested product with the time it becomes expensive and considering that Btc is limited in account as soon as the 21 million will be extracted I think that the price will reach the top!

[lcm 172]

Nothing to do with been expensive, it is because the demand id high, if the reference used is FIAT versus Bitcoin then we are talking about two different things! Bitcoin has plenty of advantages, FIAT Doesn't have progressive benefits like bitcoin!

[duncun007 3577]

it sounds like you may need to do some research about what is bitcoin first because bitcoin at this price is still low value for what bitcoin is actually capable of if it was adopted worldwide.

[Migo 7946]

Bitcoin is popular and well known, I think his capacity and what he is capable of is the reason of why he is expensive now, not like other coins in the market 

[bean 515]

Bitcoin is so experience because the demand of bitcoin is so high and the amount of bitcoin to satisfy those demand are low, bitcoin limited supply and huge demand will continue take price up and up, the price of bitcoin knows no limit.

[Sohel Rana Sazzad 453]

Bitcoin is very valuable because the demand for Bitcoin in the world market is also huge and the market value is being used in large quantities.Because most websites now use bitcoin as their main source.

[josephrioveros123 698]

On 11/23/2019 at 4:34 AM, 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.

I think why bitcoin is so expensive because of the number of people who are using it with it's limited supply. The good thing is that it can be divided up to 0.00000001. And with that it is good and can be trad-able on a small amount. You are correct it's limited supply is one of the reason why bitcoin's price is so high. But do you know that it becoming lower and lower because of a lot of bad publicity happening in the crypto world. We should help to make the price of bitcoin more higher. By promoting it to the public and sending some happy news about it. We the crypto users are the future of this generation we can be rich we this. So we should put our body mind and heart into it. 

[jyfiuhookl 10606]

If you consider the cost of bitcoin mining equipment! I mean the cost of the whole industry! The price of 7000 is very small!

[silvergain 271]

people are investing without thinking too much. i heard at Bloomberg news that, many people invested while the bitcoin price hit more than 20,000 and peoples talked about to sold their property to buy it. mining it, uses has been increased and increasing day by day. Why they gonna do? because they believed in bitcoin and crypto market that one day it may have bright future

[bliznec 22267]

In the interim, Bitcoin halving occurs and thereby the price rises. This leads to the fact that bitcoin is becoming more valuable.

[Fahad1345 17]

In the first place, the price of bitcoin was very low. But now it has become very popular. And it is increasing day by day

[Herol 19]

It all depends on the demand for buying and selling in the market but we also need to know that bitcoin can experience ups and downs due to containment of bit coins.

[CryptoLover21 0]

 Nobody can predict the future of a cryptocurrency,  But Bitcoin's Price Gradually  increase in just few years of time . 

 

 

It has a total supply of 21 million. Now if you compare it to gold you will understand , things that are rare and has huge demand will always be expensive. Just imagine only 21 million all over the world. And to answer your second question- It’s not a bubble. If you look at history, things that are bubble always go to almost zero. Now Bitcoin has been there for almost 10years. It reached 20000$ once , now it has more chance of climbing up 

*This is not a financial advice, please do your research before investing.

[ASDFGHJKL17 267]

Because i see bitcoin as a big thing, it's not cheap so the price of it must level to their quality. Bitcoin is really worth it. So why should complain to the price? In my opinion bitcoin is expensive because of their process and way, they has good reviews. 

[Delgboke 2480]

Bitcoin is really expensive due to high number of the demand and supply of Bitcoin and I believe that this also contribute the reason Bitcoin is so expensive and it's the first digital currency that ever existed before other cryptocurrency.  

[suzuya 945]

This is a really good information because some of the people here including me doesn't have an idea about why bitcoin is really expensive. This will also help new users to understand bitcoin really well. 

[zhaazure27 524]

On 11/23/2019 at 4:34 AM, 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.

Perhaps because this currency is the longest and most popular currency among crypto players. Although the price somtimes changes, still, Bitcoin is still very popular and sought after by people who want to benefit from investing it.

[Sumonhn91 12]

bitcoin is the most popular in the cripto world, because huge people using bitcoin in the world. and safe money exchange opportunity. 

[Aereen 456]

Personally, I also think the reason why bitcoin is relatively more expensive comparing it to other cryptocurrencies because of its worldwide demand and on how known it has become. 

[Lubruselu 2803]

Bitcoin is so expensive coin than others crypto's because bitcoin is the first cryptocurrency to be made and also it most trusted than others and this is because of low coin supply

[nicolas1234789 2566]

The main reason is because bitcoin can be use for alternative income and payment, from this reason buyer more active than seller. This time bitcoin also can be use in on line shop and pay freelancer, many benefits we can get, not surprises with that.

[Mohd007 19]

Because #BITCOIN is a digital gold ..It is limited you can't add more amount into it and privacy, you can store it anywhere unlike gold ... So these thing makes but coin more expensive with time bitcoin will be more expensive