Why is bitcoin so expensive?

[bentayebsalah 2280]

I see Bitcoin is very expensive because of the great advantages it offers, which makes it very popular and the price increases through it.

[AL SHAIMON 1293]

5 hours ago, Shipon Khan said:

Quite an interesting topic, everything is possible, bitcoin is quite a peculiar topic, today it has one price, and tomorrow another. I think someday bitcoin will be replaced, and it will not be so valuable, or it will be many .it is the best way to rich..

Yeah you are right. Bitcoin could not hold its position for long term any other coin will beat it. But till then we should buy and hold bitcoin and we should earn.  

[samislam 403]

yes those are the main attraction for bitcoin getting expensive.one reason is to share that user are growing and the price is increasing for that.people are taking bitcoins from exchange and also learning to trade.responsible of rising price

[cryptex 623]

On 12/12/2019 at 6:35 PM, Linkkoin said:

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

plus brand, limited supply and safety.  I would put those factors into the  first,  second and third place respectively. Mining cost is not  in favor of bitcoin. IMO.

[Ummita 303]

Well I think to why bitcoins is so expensive is due to the fact that people are getting interested and gaining interest in using the btc. And that is a success. 

[Nurul Huda 944]

On 1/26/2020 at 1:18 AM, AlphaRol said:

For the reason that Bitcoin has a number of users. This is the reason why its demand continues to grow. As demand grows, Bitcoin's value also increases.
 

So that's the reason why bitcoin continues to grow with the increasing demand so that the value of bitcoin also increases so I will continue to think to see the price of bitcoin increase so that it can increase the number of users.

[Naylor89 1223]

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.

[Akash crypto 128]

Yes i totally agree. Bitcoin is very expensive because it valued more than any other coin, as it's the king of all coins, it is very popular in every country, so it's expensive.

[Naylor89 1223]

Same as why Gold is expensive, that's why Bitcoin to. Because we mine bitcoin in the hardest way and with just how many coins remains to be mined. it's value continuous to grow and grow.

[Epic 289]

I think bitcoin is expensive because it is the first cryptocurrency and when people hear about cryptocurrency, they associate it with bitcoin. Bitcoin has become the face of cryptocurrency and new investors always chooses bitcoin because of it.

[Lunaa 238]

Seems like it has something to do with the supply and the demand. The supply of bitcoin is only 21 million, and it's very hard to mine them. But the demand is very high, which made the price very high and also the popularity needs some consideration as well.

[hadayt2030 85]

Bitcoin currency is very expensive because crypto currency work hard and hard and these are the result of their hard work that's why bitcoin is too much expensive.....

[azhar9 1]

Why bitcoin is so expensive  i think its answer is very simple because there arehigh demand of bitcoin and there are many peoples who are using bitcoin.

[Harris123 281]

Yeah you are right.The investors of the bitcoin are increasing day by day and this is impacting the price is the bitcoin.That's why bitcoin is very expensive.

[Hanan951 841]

Because in every halving the burning g of crypto be mor3 difficult and that make bitcoin one day as gold you will never find anyone can make it in the world..

[JuliaNedz 25]

The price of bitcoin is increasing and increasing as its supply is limited. Many use bitcoin so it is possible and that is why it is so expensive.

[George10 9932]

Its expensive because the demand is high  as it is now excepted as means of payment in some other regions and people feel much safe to exchange there cash to bitcoins and spend it there as it is free from bank fees or processes.

[Nakamoto 279]

13 hours ago, Emran mollik said:

Because the demand for Bitcoin has increased day by day, digital transactions including payments and crypto currency pairs are present in many things, and the demand for anything increases the price

One reason why the price of bitcoin is expensive is because of demand. The amount of bitcoin is too little compared to demand. So it's natural that the price is very expensive.

[Sajjad Hossain 375]

At present, the price of bitcoin is increasing and it is very expensive which is why many people are now increasing its demand and increasing demand through trading and investment through Bitcoin.  In legitimate countries, Bitcoin is receiving huge benefits from its banks and with the success of Bitcoin trading and investment, people are playing a huge role in improving and modernizing online currency.

[Mifu 5]

Bitcoins are expensive beacuse of its popularity.  More people will buy it and more its price will increase    

[Honny143 13612]

bitcoin behind technology is great and the bitcoin is limited edition yes bitcoin supply is 21 million only so its made bitcoin unique and the prices is always eye catching and bitcoin believers increase day by day and so many investors invest in bitoin to earn profit 

[babaji 1228]

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

the last bitcoin will be mined by miners in 2040

Your information is wrong, The last bitcoin will be mined in 2140, that is 120 years still to go. It will keep getting scarcer and scarcer with time, and with limited and finite production you can only assume the price to keep going up. 

[AL SHAIMON 1293]

On 2/6/2020 at 11:06 PM, Foisal123 said:

Yeah mate your think is right and i think people are khow about bitcoin than other coin.that's why bitcoin is expensive than other coin  

You are right bitcoin price is high because it is overrated. But we all should remember that the journey of cryptocurrency begains with bitcoin. So we should never neglect the importance of bitcoin. 

[AL SHAIMON 1293]

13 minutes ago, comdia said:

Bitcoin is famous for its fee and severa individuals because it had been know bitcoin, however do no longer recognize the names of other cash, like my own family.

I do not think bitcoin is famous for it’s fees. It is famous for it’s price. Bitcoin price is to much high and it is one of the most expansive coins in the world. So it is famous.      

[jacker 1095]

There are many reasons for bitcoin to become the most expensive today, it comes from being the oldest currency, the largest value currency, the most sought after coin.