Why bitcoin is so expensive than the other?

[Rasel243 1]

 

Some people actually know about or user cryptocurrency Bitcoin appeared to be a bit higher than others, Bitcoins are so expensive because Bitcoins are the most popular than others, No market has come out to exchange Bitcoin. Bitcoins were almost nothing more valuable than the year before.

[Betty29 2]

Viewing this topic why bitcoin is expensive than other coin from the angle of economics under the law of supply and demand.

When supply exceed demand price will fall, but when demand exceed supply price will rice.

Secondly, when price is low suppliers will withheld supply...but when price is high, supply will supply more.

 

[Ashkwik 122]

Bitcoine is old currency than others when bitcoin was introduced no other coin was there so it got more popularity.and its price increase time by time and more people come to buy bitcoins.

[Symphony 20]

Being the top 1 cryptocurrency and being the very first coin in the market its only normal that the original crypto currency will have the higher price and the most expensive of them all

[khan22 3478]

On 12/30/2019 at 9:04 AM, Hasibjr said:

Bitcoin is so expensive with the others coin.  Because this coin has great market value at this time. it has taken so many years for bitcoin to grow, I hope other coins will grow like bitcoin . 

This is true that the BTC market value is so much high and thats the main reason that peoples will buy the BTC and the BTC will also use in the so many purpose like to buy and sell things online and also for trading and through trading peoples will make huge money in the market.

[Man 741]

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. 

I agree with this reason, due to the fact that the price of bitcoin is always increasing because buyers buy at high prices. That's why the market follows demand.

[Shaza Ahmad 1682]

I agree with you, and Bitcoin is backed by investor confidence in it and it represents digital gold and an investment that cannot be ignored.

[Razan alikac 1899]

Because Bitcoin is as valuable as gold, and it is affected by supply and demand which is the best currency and king of currencies and people want to buy it even if it is at a high price

[Vanessa 1266]

The value depends on the demands and popularity of bitcoin. And never forget that the trust rating gets high after blockchain has prove the something for the past years. No wonder more people are really trusting bitcoin more than any other coins.

[Post Malone's 33]

And bitcoin will become more expensive because of halving effect that i think will increase price more especially when many people start to buy bitcoin to list their self to have profit when bitcoin start to rocket

[harzallah 161]

You should know that if the Dogecoin coin appeared the first and became popular, perhaps now it is 10,000 dollars, then the secret is possible in the first appearance because Bitcoin when a big sensation appeared and the demand for it increased, the price increased until it reached what it is now.

[Honny143 13612]

bitcoin is the first crypto coin in history of crypto currencies, because so many peoples invest in bitcoin, but the demand and supply matter in the prices increase in bitcoin, because bitcoin have limited 21 million supply and the important factor is bitcoin mining is so expensive because bitcoin equipment and electricity is most costly so bitcoin is so expensive compare other coins.

[Ayush Singh 1175]

It's the nature as we all know the thing which will have a high demand of it will also have a good worth of it so for such highly demanded things like Bitcoin the price gets increase so that it could be in a more profit.

[Saboor 511]

Bitcoin should be expensive because it was paired with almost all the coins in cryptocurrency and this has been the major set that make it rise very high

[Saboor 511]

4 hours ago, Rita_Italy said:

Bitcoin price so much expensive than others altcoins because bitcoin supply too lower and it has lots of uses and demands. All the people now like to invest in bitcoin for it's security

Bitcoin is just expensive because there is high demand of this coin and this has been a good profits for us as many people are investing in cryptocurrency

[Brand1 1336]

The reason for the high price of the bitcoin coin is due to the requests for it and because of the fame that he got around the world and also because he is the master of currencies and the first cryptocurrency in the world of the Internet

[Upright 2688]

One thing which I can say that might be of the force that bitcoin price is higher than others coins, could be of the fact which the Bitcoin supply is general limited to 21 million of it while other coins are maybe unlimited to their dupp

[bentayebsalah 2280]

Bitcoin price is high and expensive because it depends on the strength of supply and demand, and through this it sets price points according to the strength of demand and supply.

[tienda 8776]

I think Bitcoin is expensive than other, because is the number one who start the revolution of the cryptocurrency, so after his creation there are a lot of altcoins who are created, so automatic his price will be higher than the altcoins.

[Saboor 511]

On 4/21/2020 at 10:40 AM, tienda said:

I think Bitcoin is expensive than other, because is the number one who start the revolution of the cryptocurrency, so after his creation there are a lot of altcoins who are created, so automatic his price will be higher than the altcoins.

I agreed with you, bitcoin has been the most wanted coin in the cryptocurrency, even newbies are after bitcoin and it has been the reason for the development of cryptocurrency

[BitcryptoHan 2557]

14 minutes ago, Saboor said:

I agreed with you, bitcoin has been the most wanted coin in the cryptocurrency, even newbies are after bitcoin and it has been the reason for the development of cryptocurrency

Even some people think cryptocurrencies are bitcoin. They are the well known. I know bitcoin before I know cryptocurrencies do exist. 

[Saboor 511]

On 4/22/2020 at 11:10 AM, BitcryptoHan said:

Even some people think cryptocurrencies are bitcoin. They are the well known. I know bitcoin before I know cryptocurrencies do exist. 

Lol,,, they don't have enough experience about cryptocurrency, they always thought cryptocurrency deals with bitcoin which is not, they need to be exposed more

[Hatred 1388]

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

Why bitcoin is so expensive?

Well, bitcoin price is much more expensive than other coin because of its volume, supply and demand. Bitcoin is the top coin in terms of supply, volume and demand, so it is much more higher than others. Also, bitcoin is the leader of cryptocurrency so it is not new that it gain much more higher value than other coins.

[Mcd0d0 5882]

15 minutes ago, kally small said:

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

Well, thanks for sharing this kind of information mate, this may be help many members here especially for those newly entered to cryptocurrency (like me) to understand why this bitcoin is so expensive, happy posting everything.

[jamesvince 2389]

Bitcoin price is so high because it is the only currency which is the first currencies of crypto market which is created on 2009 now bitcoin is leading currency and its dominance is over all currencies of crypto market. That is why its price is much higher then others crypto market projects.