Why is bitcoin so expensive?

[pikua 12]

On 11/23/2019 at 6:34 AM, Rocky01 said:

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

If friend, the more demand there will be less supply and little bitcoins will be scarce and then the price will skyrocket

[luthfi_2a 110]

As Bitcoin is an asset that is not backed by anything, it costs just what people are ready to pay for it. The only thing that backs BTC is the credibility of its monetary properties. So, the more people believe in BTC and use it, the more credible form of money it becomes. Considering Bitcoin scarcity and the number of people willing to buy it, BTC value as money is rising.

[muffix123 2]

It just supply and demand.

 

[mustaabey 35]

The reason is bitcoin has a limited supply. The demand is constantly increasing but supplay does not change. So BTC price is going higher and higher. And they have great technology named blockchain. It is a revolutionary technology. That is my opinion.

[Ameer999 13]

Firdt of al becaus it is the God of Crypto, second the low total supply of 21million makes it more valiable.

[whatislovebabydonthurtme 23]

There is a limited amount of bitcoins out there, that`s why with it`s growing popularity it will only become more & more expensive.

[nishad1234 20]

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.

It's expensive because bitcoin is the first cryptocurrency most widely use slowly become base currency and with limited supply it become very popular. As a result slowly it become expensive. 

[DanielaM 46]

I believe that the high price is due to the increase in demand and the small amount of Bitcoins in the world, since there are people who retain them, and searching for Bitcoins is complicated by their price, which is not always worth more The other reason is that there are financial institutions that issue security contracts, which causes the confidence of large investors. 

[diegolebe 44]

mainly because is a limited supply, if every person in the worl want to buy 1 bitcon price shoud be 100 times more up to 1 millon. In the other hand you have unlimited money printing by goverments wich will become colored papers

[Joli72 18]

Bitcoin is the most valuable cryptocurrency in the market one of the reasons for the increase in the price of the cryptocurrency comes from the large number of people who see bitcoin as a "store of value" since it has become very popular for people.

[Abdulaziz77 239]

Bitcoin is the most popular cryptocurrency in the world.  Many companies and people keep their savings in Bitcoins. The word Bitcoin is known to both young children and the older generation. The popularity of Bitcoin alone explains why it is expensive. However, it is better for everyone to understand the nature of these virtual coins. For active users, confidentiality and speed of transactions with a minimum commission, or without it at all, is the height of dreams.

[Mouhadheb 196]

You can also add: It is the first digital currency to reach the global market in 2009, and its good performance has attracted many companies and huge capitals, which contributed to its rise.

[Humberto Alvarez 11]

Yeah lets say for me in my family they use banks I don't think they will just like to see bitcoin growing and bank disappearing.
I think the bank will just convert the money of the people to bitcoin, but they are to much people that they don't use bitcoin so yeah.

On 10/4/2020 at 7:54 PM, egor343 said:

 

I suppose the main thing is a lot of time and money spent on creating one block. Those. mining. It is also very popular, in view of the fact that the use of bitcoin is anonymous, i.e. there is a secrecy of transactions, high speed of transactions, no intermediary

No. It can however make banks adopt the Blockchain as technology to give us a better and much faster banking experience. I think at some point in the future we will be given instant transactions within a certain country, and perhaps worldwide. That's the power of the Blockchain.
 

[Darling 0]

One of the reasons for the increase in the price of cryptocurrency comes from the large number of people who see bitcoin as a “store of value”. The investor or investors are the ones who give the market price to each asset, the bitcoin moves by supply and demand and the more demand there is, the more it will increase

[caeb2009 154]

This cryptocurrency has a high value in the market. And the reason for the increase in the price of cryptocurrency comes from the large number of people who see bitcoin as a “store of value”. factor that has caused its price to reach the $ 19,000 mark? ...

[okqqq 33]

I wonder what will happen when  all bitcoin is mined, will the price fall very much or will it rise?

[Jorge95950 249]

The bitcoin is the most expensive of the crypto currencies because it is considered the first currency to change the world economy, since its founding has had worldwide acceptance and its market has spread rapidly throughout the world, this has given the opportunity that its price has increased exponentially.

[deliabtc 38]

On 11/22/2019 at 5:34 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.

Биткойн сегодня очень дорогой, это последняя возможность для среднего класса купить биткойн по цене от 10800 до 11300 долларов, эти цены в 2025 году больше не будут, его стоимость будет продолжать расти из-за редкости взаимозаменяемости, невозможности фальсификации и масштабирования, а также резерв мирового значения.

[sofiaqq 25]

Hello! the main reason is that there is a limited number of bitcoins so their price is high. Note that the price depends on the purchase and sale as well.

[ehnegociosonline 24]

Bitcoin is the most valuable cryptocurrency on the market. What factors have caused its price to reach the $ 16,000 mark? ... Another reason for the increase in the price of cryptocurrency comes from the large number of people who see bitcoin as a “store of value”.

[Amanmsdk 54]

Bitcoin was the first digital cryptocurrency that was launched by Satoshi Nakamoto in 2009. Its market cape is very high than all other cryptocurrencies. Its supply is very low and demand is too much high. Thats why bitcoin is expensive now.

[justcryptofan 72]

Limited supply and increasing demand will follow to ATHs after each cycle which slowly realize also mainstream public and Institutions

[baykriptoo 15]

btc is expensive because it had high demand than any other coin ot there.. an typ demand is increasing day to day.

[prabesh2058 171]

Bitcoin is master coin or the first cryptocurrency in the world.. All the cryptocurrency after bitcoin are just the some improved version of bitcoin so they cant never ever be unique then bitcoin. 

Similarly bitcoin has a lot of less supply than its demand. that is the main reason for its price. Also bitcoin market is too much high then other altcoins.

Because of being first decenterilize cryptocurrency and less supply bitcoin price is too high than that of any other cryptocurrency and its price will increase more and more in future.

[Omar98 916]

Although, in my opinion Bitcoin is the most expensive crypto because it was the first onw produced in the market with the highest security coding and blockchain system so that it is the most expensive one.

But thank you for the information that you supplied us with.