Why bitcoin is so expensive than the other?

[AGSaldivar 6]

Why bitcoin is so expensive?

because bitcoins value derives from supply and demand that it dictate the price buts price of bitcoin is subject to a range of influences that mean it can change without warning. 

so that bitcoin is expensive right now because it is the demand of people so that it continue the increase of change in money. 

[Fadzinator 285]

There are of reasons for this.
- bitcoin is the first coin that implements blockchain technology so it has the benefit of the first.

- bitcoin has limited supply max at 21,000,000

- it is expensive to create single coin around the total electricity of  (probably equivalent to one small town consumption in a year)

- more merchants are accepting bitcoin as currency.
- most popular.
etc

[Opinder 1310]

First, bitcoin is old currency than others. And its price increased by time as more people came into crypto world it became expensive. When bitcoin was introduced no other coin was there so it got more popularity. Bitcoin has high demand and limited supply than other coins. So it has high value.

[tranhungritc 191]

If you ask this question, everyone can answer that it should be the foundation for coinmartketcap market, it is the first coins with value of the popular blockchain algorithm.

[IZZY81 45]

 I agree with aspect of limited supply i.e. 21 million bitcoins will only be supplied, once they have completely been mined, there won't be anymore minted or created again. Bitcoin is the first decentralised cryptocurrency, hence, the high price attached to it.

[Sourovdeb890 416]

The reason why Bitcoin is becoming more popular than others is that Bitcoin is one of the most popular currency cryptocurrencies, which is why Bitcoin is so expensive and everyone uses and trading this coin, which is why Bitcoin is so much more expensive.

[Migo 7946]

Bitcoin is the most expensive coin because he is popular and known and the most used coin in the world, I think this is way bitcoin is so expensive now 

[urooc 218]

bitcoin is expensive from all other coin because it has it's own market value which take it to the peak. it's demand and supply also take it to their own expense.and predicting it's future, i think it will be more expensive in it's today price, and will be at it's peak .

[alexisfuentes 2130]

Bitcoin has a limited amount, with time there will be only 21 million, so its price from now on will only grow, it is like Gold that makes it expensive os that there is little and getting it is difficult. Bitcoin is no different, that is the main reason.

[Apple 202]

Maybe because bitcoin is a pioneer. Bitcoin might have a largest crypto community. And maybe because we are too late to buy it. I wish i can go through time.

[Ankit Nepal 719]

The demand ans supply of bitcoin is so high that other cryptocurrencies couldn't even match with bitcoin. Bitcoin is the king of crypto world. So its price is massive than other.

[Nurul Huda 944]

On 12/21/2019 at 5:21 PM, Krysta said:

Because bitcoin is the most popular coin out there with all the hype surrounding bitcoin it would make sense that it has become expensive over the years 

I agree with your words that bitcoin is the most popular coin because bitcoin always gives an opportunity to get huge profits on everyone even in the bitcoin market always has a high value among other coins, therefore many people like bitcoin.

[Apple 202]

19 hours ago, yupi84goro said:

the demand is high because it's popular.

What? This the reason? Demand is high because bitcoin is so popular? Well done. Thanks for giving us such useful information.

[awaiskhan 175]

As we also that bitcoin is the currency which started first and build up the market of crypto currencies and other altcoin are directly or indirectly depend upon the value or price and demand and supply of bitcoin. Other factor is that compare to other altcoin bitcoin keeping it sustain in market.

[kazumina91 148]

One question everyone can say, is that it is the king of the current coin or with the first platform algorithm that was born, it is difficult to erase the first position on coinmartkecap.

[duncun007 3577]

On 12/23/2019 at 6:31 AM, Nafim said:

Bitcoin price is higher than any other crypto currency because of its popularity and demand between the people. It is called the digital gold 

yea and being the one coin that had set up all this space for other coins to grow and start on its blockchain must be one of the reasons why its value is so high.

[Yanadia 1517]

In my opinion this is the reason Bitcoin prices are so expensive with scarcity elements that raise prices and is one of the factors that makes the price of Bitcoin rise to the highest level.  Bitcoin supply is limited to 21 million BTC - which is relatively low compared to other tokens - while demand has been surged in recent years.

[Maaz sultan 265]

because the bitcoin is the first digital currency and its limited supply make it price so expansive .There is high demand in market about bitcoin and the limit make price go up.

[Pearls Before Swine 815]

Don't know why there are all these threads where OP asks and then answers a question.

 

Bitcoin really *isn't* expensive unless you're comparing it to years ago and only if you're talking about a whole bitcoin.  Because you can obviously divide a whole btc into 100 million parts, it sort of becomes meaningless to call it expensive.  You can buy just a small fraction of 1 btc for pretty cheap.

[Rahul21 626]

Bitcoin really wants to meet the needs of all people and in that case it is very expensive.  Bitcoin means that people can do many things in different ways.  This is expensive because the cost is too high, and the transaction fees are too high.

[miskyming 1588]

It's because the limited supply of bitcoin, when is getting low the price would increase and also many people support bitcoin like buying something online, trading, investing, transferring funds and etc.

[Sohel Rana Sazzad 453]

The price of bitcoin is much higher than all other coins because most people in the country use bitcoin.Moreover, many countries around the world are using Bitcoin as their main currency on their website and this is much more than Bitcoin.

[anashassan 6]

Supply and demand does have a direct effect on the value of Bitcoin.
There is a lot of trading on it
 

[Saheli 138]

Price of cryptocurrency is depend on supply and demand bitcoin supply

is low and demand is much many peoples are holding bitcoin                      thats why bitcoin price is always high

[Hatred 1388]

On 12/21/2019 at 3:16 PM, AGSaldivar said:

Why bitcoin is so expensive?

because bitcoins value derives from supply and demand that it dictate the price buts price of bitcoin is subject to a range of influences that mean it can change without warning. 

so that bitcoin is expensive right now because it is the demand of people so that it continue the increase of change in money. 

That's because it is the most used crypto ever. I mean its in the top spot so the tendency is that it has a highest demand than other coins. Its also the main source of value of altcoins thats why it needs to have an expensive amount.