Why is bitcoin so expensive?

[lingardcpp24 7]

It was the first virtual currency. Bitcoin is very expensive because it is very popular worldwide. Many people are using it, finding it difficult to pay and it makes the currency push up.

[Muskan7816 175]

Bitcoin is so expensive because it has so much value in the world and around the world that a human being is using too much and it is beyond imagination that its value increases.

[Nurul Huda 944]

On 2/6/2020 at 11:46 PM, ChampZ said:

Bitcoin is very expensive because it is in high demand. if demand is high, then the price is also high. otherwise, if the demand for bitcoins becomes low, then the price will be low. Now it has a high price due to demand.

There is also a truth to this statement but it still depends on the request.

Of course the price of bitcoin looks expensive because there are lots of high demand because it all depends on demand and therefore if the demand is low then the price of bitcoin will be low but conversely if demand is high then the price of bitcoin looks high.

[Red dragon 299]

Yes it is true Bitcoin is so expensive coin in today's market, most of the people uses bitcoins and store it forinvestment, 

Getting some profit, because they have a believe on Bitcoin, Bitcoin was created by satosi, and it's one of the popular coin in this world, and its demand is so high..

[hamo86 214]

at the beginning it was 0.01 dollar for 1 BTC
cause the demand is higher the price increased during 10 years and it will continue wait and see when it reaches
20 K

[Rifrach 207]

Blockchain extension is certainly promising at this time of high potential. that's why crypto and bitcoin are very expensive. and not just anyone can get it. must need patience to be in it.

[Cryptominded 704]

On 12/12/2019 at 5:36 PM, khalidforu said:

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.

Going 10 years back, am sure there were people who must have Bitcoin was very expensive too but now you say it was very cheap then. So I think what is called expensive at the moment is relative and it's a wonder what to call it in the event of one of the projections coming to pass?

[Pritam Anand 7]

Very good question as I'm beginner I got shocked when I checked Bitcoin in currency converter. And thanks to Cryptotalk for helping us to earn some Bitcoin on daily basis.

[maxiway 44]

It is very expensive because long ago it was cheap hahaha, they gave it away by the ton, now they use it a lot to trade, sell, buy things, pay and all that because its value increased, because many people began to use other crypts and changed them to btc, so its increase, and also because they bought it

[ram007 391]

bitcoins are so expensive now because of the popularity it gets,and one factor that affects it price is the demands of people who are involves with it,the highed the demand the increase in price

[MysteriousIdentity 150]

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.

It become very expensive because the big whales are hyping it aside from what you have mentioned and upon their hype the demand continuous to grow also. 

 

As days passes by, bitcoin become more and more popular where other using it as a form of investment or payment options. 

[Ayush Singh 1175]

The reason of bitcoin being expensive is its demand and its investment its the nature of all things that if the demand of such things will increase then it will also become expensive due to investment the price fluctuates. 

[Jahangiralam75 3]

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[Dmasked 1840]

Bitcoin is the first digital currency which is fully decentralized, cannot be copied and is secured with cryptography. Like gold and other valueable metals its limited in supply and can only be mined so its demand began to rise in the market and the price is what it is now.

[Balimovic 7]

Bitcoin is expensive because of its value and the scarcity of it in the market. Also the demand 

[Rizwanch99 22]

  Bitcoin Utility is Bitcoin's High Price because we can see that Bitcoin is very high
About 3% less than credit card fees, you have full control over your money,Many people like bitcoin. its price is very high because Bitcoin is so valuable and expensive. Bitcoin is the central currency. Bitcoin is s successful payment system apart from bank. All big organizations and big investor know the importance of Bitcoin 

[Merytis 21]

The cost of BTC is in receipt of extra exclusive as its resource is limited, dissimilar fiat which container be in print continuously. The quantity of new investors additionally continues to grow.This is additionally the rationalize for prices BTC so expensive. But this will be interesting, as for one-time investor investors tin extremely profitable with setting like this.

[Hendy1 370]

On 11/23/2019 at 3:34 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.

Yes that's why bitcoin is expensive. Bitcoin has limited supply which is influenced by mining and its use throughout the world. So bitcoin and altcoin have different supply limitations and different levels of difficulty. Many have speculated that if the supply of bitcoin runs out I think that there is no new bitcoin can only make transactions with coins that have been circulating like altcoin.

[jereclapz 42]

Hellow, Good day!, 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!

[Amirul Islam 382]

On 11/23/2019 at 2:34 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 saw bitcoins history. It started with $0.01 USD. After joined many people's on it. It's demand gone high. Also it's a limited coin. For more invest on the coin it's price rising up continuously. And that's how it's price go expensive.

[Xsimple 441]

Yes you are right that is maybe the reason why bitcoin is so expensive and now that many will interested of bitcoin because crypto now is really known to many country then I think that bitcoin will be more expensive.

[Vivek1997 437]

Because bitcoin has high demand in market and it's becoming more popular day after day. Many people's are investing into in using bitcoins. Also because of highly volatile nature it's pricing are moving to one side only that is increasing only.

[Banito23 216]

Bitcoin is so expensive, because it has been around for a long time now and I think with Time, it will be even more expensive. Some of us missed the market when no one has no knowledge about the coin.

[btrigor 5]

On 22.11.2019 at 23:53, Keith700 said:

Одна из существенных причин, по которой биткойн является настолько дорогим, заключается в том, что он широко используется по всему миру из-за высокой стоимости майнинга из-за увеличения собственной технологии и блокчейна, а также из-за того, что он не ощутимый актив, делает его своего рода финансовым динамитом, который многие может приобрести свободно.

Как мне кажется биткоин, это тренд который зарекомендовал себя как самый стабильний и безопасный среди кроптовалют.

[Tehniyat 8]

Since the bitcoin is used widely in the world and its demand is also increasing by the time. Therefore its price is increasing for its trading and demand in the market since its a worldwide digital transaction system.