Why is bitcoin so expensive?

[myaccount1 584]

13 minutes ago, Lubruselu said:

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

And the main reason is that the bitcoin demand is very high in the current market of crypto currencies because it is the most popular coin in digital currencies.

[Linkkoin 116]

There are few factors, but mainly reputation and mining cost. Anyway, both with Bitcoin and fiat currency their value is backed mainly by reputation.

[khalidforu 51]

Last 10 years back, Bitcoin is a very cheap now Bitcoin is expensive because supply is low and demand is more.it is a internet money nobody stop it.

[Imra khosa 70]

You know what is the main reason behind the high price of bitcoin ?

Actually it is the less supply but you know there is more demand for it. When demand is larger then the supply of any item then it's price rises automatically. And I think bitcoin is not gonna stop at Curret price it may go further high. As people are believing that it could reach $100k. 

[umar786 40]

bitcoin is so expensive because bitcoin is the rarest coin in the world of crypto and there are thousands of coin but there are not any 1 coin who can touch the price of bitcoin who can go near to the price of bitcoin who earn 1 btc but in normal coin you can earn many coins and that's why btc is so expensive hope my comment is usefull.

[Raven 7817]

6 hours ago, Clown13 said:

I think it is because the supply of bitcoin is much more controlled than the supply of any other coins out there. Plus the fact that it has so many supporters or what we called consumers that is why the price of it is going up.

That's true. Many people are using bitcoin world wide, that's why bitcoin is getting more expensive day by day. Popularity of bitcoin is one of the reason why its expensive. 

[Lubruselu 2803]

23 hours ago, myaccount1 said:

And the main reason is that the bitcoin demand is very high in the current market of crypto currencies because it is the most popular coin in digital currencies.

Uah that's true, and the bitcoin price will not stop here in $10th range so it will become very expensive cryptocurrency in the future, it will be possible to buy Bugatti with 1 btc

[Mohammad Irfan 26]

The price of bitcoin is expensive is due to the highest use in market like trading and investing and bitcoin mining is not so easy as compared to other currencies and it requires too much cost to mine

[nasipadang 399]

Yup, the point is that the demand that continues to rise or arguably the mass adoption and then with the right amount of supply does not increase will make the value of bitcoin more expensive. But in the case there are a number of things that can result in it not happening ie there is no request or no interest from the user.

[AL SHAIMON 1293]

On 12/12/2019 at 1:20 AM, Bantay116 said:

yes many people are buying bitcoin, and also the reason why bitcoin is expensive this is because of bitcoin halving last 2017 .

Yes bitcoin hit 20k in 2017. But unfortunately the price of bitcoin is down. We can hit 20k again for this we should hold bitcoin as much as we can hold.

[Ankit Nepal 719]

It is so high in pric because of its mining power and more consumption of electrical energy. Also cost of mining it is in very high rate. So i think bitcoin is high in price 

[AL SHAIMON 1293]

On 12/5/2019 at 1:05 PM, Nurul Huda said:

Your opinion is correct and I agree with your opinion about the price of bitcoin which is so expensive.

The game market certainly exists at high and low prices that are certainly circulating in the market but you need to know that the price of bitcoin is very expensive because the more people buy bitcoin, the price is more expensive too, especially with the famous bitcoin in the world, the more people who want to buy bitcoin even though the price is very expensive because the bitcoin behind it is very profitable for them, so it's likely that the price of bitcoin is very expensive because of seeing the sale and purchase.

You are absolutely right. Many investors invest in bitcoin that's why bitcoin price is so high now. But there are some people who started selling biotin for this kind of people bitcoin price is falling down. We should hold bitcoin.

[soupster 239]

inaddition to those reasons, i believe that the coverage of bitcoin on big news media like cnn and other news site has helped it become very popular across the world which resulted in price increasing like crazy .

[Sha Alam Raju 3]

Bitcoin  price is so large because it is the firates cryptocurrency that ever invented by satoshi namacoto so it been the first airdop that displayed this cryptocurrency gRoth battery. 

[Benjamin 84]

Literally, bitcoin is not totally expensive, it has a high value price for now, its just hard to buy this when we used a real money, to get some bitcoins free, just joined in this forum and do some posting to get some profit.

[FaithJoy06 170]

On 11/23/2019 at 5:53 AM, Keith700 said:

One of the essential reasons why bitcoin is so expensive is because of its high worldwide use due to its cost of mining due to the increase of its own technology and blockchain, also being a non-palpable asset makes it a kind of financial dynamite which many can acquire freely.

Bitcoin is expensive because bitcoin is a very essential thing to many. Through bitcoin someone can gain and earn so much money and someone can make their time and effort productive. Through bitcoin someone can make their time and effort useful.

[Nurul Huda 944]

On 12/16/2019 at 12:02 PM, AL SHAIMON said:

You are absolutely right. Many investors invest in bitcoin that's why bitcoin price is so high now. But there are some people who started selling biotin for this kind of people bitcoin price is falling down. We should hold bitcoin.

I agree with your thoughts that the value of bitcoin is very high because there are many investors investing in bitcoin because they know that the price of bitcoin is so high that they want to get big profits, but many people save bitcoin because they see the price of bitcoin going down now.

[Fatihgani12 348]

Get more adopters of bitcoin in the international class, the higher the buying and selling demand in the crypto market, meaning that bitcoin is expensive because it involves the interaction between buying and selling.

[AL SHAIMON 1293]

1 hour ago, Nurul Huda said:

I agree with your thoughts that the value of bitcoin is very high because there are many investors investing in bitcoin because they know that the price of bitcoin is so high that they want to get big profits, but many people save bitcoin because they see the price of bitcoin going down now.

In the middle of 2017 bitcoin price was around 3-4k. But at the end of the year bitcoin hit 20k. People started mining to earn more and more bitcoin. But unfortunately bitcoin price down. Many investors invest in bitcoin. I hope bitcoin will hit 20k again very soon.

[Wijayafajar06 274]

in my opinion because there are many users and many adopters too, so there is also a lot of demand, so the supply is limited and this one makes bitcoin go up and expensive.

[febriyana 934]

Bitcoin is so expensive because it is the first cryptocurrency in the world. Where supported by limited supply but have big demand and also for the adoption is more fast than altcoin.

I think that is normal the price can be expensive like now. But currently Bitcoin is on bearish price, maybe now the good time to buy some Bitcoin for future.

[Sohel Rana 406]

Bitcoin price always expensive because bitcoin total supply too much low and demand too much high.

Now a days most popular digital currency are bitcoin and it’s price always increasing that's why bitcoin so expensive. 

But bitcoin price always manipulated.               

[Kaëns Christophe 231]

You say that bitcoin is expensive but it is not the price of bitcoin that you have to look at , and I explain why: a bitcoin is worth 7000 dollars, it seems expensive but what you have to look at is the total capitalization of bitcoin you have to take into account to know if it is expensive or not. Now the total capitalization of bitcoin is 125 billion.
It is very small compared to the amount of money available on this planet.
125 billion represents the turnover of a few companies combined, but there are millions of companies on this earth
So the amount of money invested in bitcoin is still very smal

[Nurul Huda 944]

17 hours ago, AL SHAIMON said:

In the middle of 2017 bitcoin price was around 3-4k. But at the end of the year bitcoin hit 20k. People started mining to earn more and more bitcoin. But unfortunately bitcoin price down. Many investors invest in bitcoin. I hope bitcoin will hit 20k again very soon.

I agree with your opinion that we expect the price of bitcoin to rise as soon as possible so that the price of bitcoin gets higher and adds to the popularity of bitcoin, so that investors get even more.

[cryptosix 1643]

On 11/23/2019 at 2:04 AM, Slavish said:

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.

The main reason I can say is people are storing money in Bitcoin instead of banks as they lost hopes in government and want to avoid taxes, etc. Your points are excellent and they really works for the Bitcoin price increment.