Why bitcoin is so expensive than the other?

[Mcd0d0 5882]

6 minutes ago, CnapmaK said:

Bitcoin is so expensive because it is most popular digital currencie in the world. It has millions investors around the world. There are only 21 millions BTC in the world. Its not enough for all world. That is why its price is so high.

Well, this is true mate and this bitcoin is the first coin introduce in the blockchain and the first coin which is reached the successful level so that this is called an father of the cryptocurrency.

[betelihem 4766]

On 12/21/2019 at 10:16 AM, 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. 

Yeah the price of bitcoin depandes on the demands and the investors, its expensive because there are so meany investors on bitcoin more than other crypto coins so the price increases while so meany users buy bitcoins.

[Jaysen0104 536]

Like the other  currency bitcoin starts with the low value coin and the reason why the value goes up is because of big demand on it. And it is popular and more used in every methods of earning in cryptoworld. That's why the price of it pumps and have a great value right now and serves as the mother of all cryptocurrencies.

[MrJumanji 0]

Bitcoin, unlike all other coins, has the so-called first-mover effect. This means that bitcoin outperforms all other coins because it was first on the market and the other coins were not. Maybe in the future another coin will overtake bitcoin with the price, but until then the blockchain technology has to revolt some things of our everyday life

[magd 5231]

Bitcoin is the first cryptocurrency, which forms the main base for all cryptocurrency trading and transactions, and the disappearance of bitcoin means the crypto disappearance, which is why it is natural for it to be more expensive than all other currencies.

[Saj555 2250]

On 12/21/2019 at 4:25 PM, Fadzinator 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

I totally agree with you. There is no way to give and explain it better than this. All the reasons are implanted here. And also this currency has a good number of trade and supply to the consumers. The seel and buy rate always keep it high than others. And the limited stock is the main reason why it is considered as the valuable coins. 

[BitcryptoHan 2557]

People know more about bitcoin than any other cryptocurrencies, it attract them to invest, some even think bitcoin is cryptocurrencies. As of today, more bitcoin are bought irrespective of the one bought before. So, bitcoin more bought because more known. 

[Hanuman 253]

If you will see then bitcoin is the first coins of the cryptocurrency so the price will be high, and also the demand increases due to which there will be rise in the price and also the limited availability makes the price more high.

 

You are not going to lose it if you don't have access then it will remain in the market and after you  get access to it then you can recover it so no need to worry my friend
 

[Brushless4500KV 4214]

On 5/19/2020 at 8:36 PM, Majeshi said:

I think bitcoin is very expensive because it is the first crypto currency. Many people have trusted bitcoin and they have invested in it, i think that is the main reason for bitcoin to become very expensive than other crypto currencies.

I don't reject the idea of being the first cryptocurrency but this is not the main factor that helped bitcoin to achieve this massive popularity. We have other coins that have been existed for many years but didn't manage to compete with bitcoin. I believe the original whitepaper of bitcoin which was written by Nakamoto had a great influence on the way people thought about banks and fiat. If you read the whitepaper of altcoins, you will know what I mean. Bitcoin's paper is the most attractive and deals with the concept of peer to peer better than others. This is the reason bitcoin received so many investments.

[Calvinpriva 17296]

Bitcoin is very expensive than all other crypto currencies because its the first coin to be created. Many altcoins are growing or falling depending with bitcoin action, that means bitcoin is controlling some altcoins prices.

[Thekingcallme 1975]

Bitcoin has a great value because it depends on the strength of supply and demand and since the bitcoin price is high, we conclude that the strength of demand is very large

[George10 9932]

Bitcoin is expensive than other crypto coins out there because it has many investors that means the demand is higher than the supply as it continues to receive more participants each day and it's this role of supply and demand that makes this crypto currency to continue getting more expensive.

[Solex 2262]

There are many reasons why bitcoin emerge as the most expensive Cryptocurrency but to mention few they include;

- strong power of the project.

- other coins mostly got influenced with the price on bitcoin.

- it also has the advantage of being the first Cryptocurrency.

- it is the most used Cryptocurrency in the world(popularity)

[Moaz 7239]

The price of bitcoin is expensive for several reasons, the most important of which is that bitcoin is the first cryptocurrency discovered in the crypto world in 2009 and we have 21,000,000 bitcoins in the world only, and there is a large demand from investors to buy bitcoin and this leads to a significant increase in its price

[khan22 3478]

Bitcoin run all the crypto market and also the Bitcoin is the first start thats the main reason that its value is going to be high so much day by day. Crypto is the great market in the world and the Bitcoin will run all the crypto market and when it goes to high all the coins will make high value and when it will comes down all the crypto market is going to be down.

[BTC Future 3946]

On 6/25/2020 at 2:36 PM, Solex said:

There are many reasons why bitcoin emerge as the most expensive Cryptocurrency but to mention few they include;

- strong power of the project.

- other coins mostly got influenced with the price on bitcoin.

- it also has the advantage of being the first Cryptocurrency.

- it is the most used Cryptocurrency in the world(popularity)

Agreed. Also it is a proven method of sending any amount of money to anyone in the world anytime, with a fee that is just a few cents most of the times. Banks would ask for high fees to move millions. It is a secure system as well and it is decentralized. The rest crypto do not have Bitcoin's decentralization and security.

[Dorjoy12 8962]

On 12/21/2019 at 1:16 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 think you mean the btc transaction fee..its because the block chain authority keep the details about btc and the storage is much short Than before..so its transaction fre become high..again if YOU think why it price high then i say its the oldest crypto currency and its already gain much trader which help to make it price high than another currency..also  a thing    that btc supply so low..           

[Yomose 3704]

On 6/29/2020 at 9:02 AM, Dorjoy12 said:

I think you mean the btc transaction fee..its because the block chain authority keep the details about btc and the storage is much short Than before..so its transaction fre become high..again if YOU think why it price high then i say its the oldest crypto currency and its already gain much trader which help to make it price high than another currency..also  a thing    that btc supply so low..           

This is not about bitcoin transaction fee but bitcoin itself is expensive, it is worth over $9000 as of today, the reason is because it is well adopted, the more people buy bitcoin the more the price getting higher. 

[khan22 3478]

On 12/21/2019 at 12:16 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. 

Bitcoin is a good coin and it is the first coin and the other reason that it is the market running coin becasue always it will pump and dumb the market when it moves to upward and also to the downward. So basic thing is BTC is the king of all coins.

[haydaryahsi 44]

Bitcoin has ingeniously designed features as the first and most powerfull coin in the blockchain system, thus increasing the demand and market share of Bitcoin. Bitcoin, which has a longer history than other vrypto currencies and has a system, ahead of its competitors; thus it became the most valuable money of the system.

[Joli72 18]

Bitcoin is so expensive because it is the first to use the blockchain system, the one that has been in the market the longest and the most popular among other reasons.

[Dg1995 31]

Because bitcoin is the first virtual currency that came out and due to the development that it has come to value very well and the pressure to increase greatly, that is why bitcoin is superior to all

[adidas21rus 37]

Consider three possible reasons for the high price of a coin:

1. The traditional opinion, which is held by many experts: the mechanism of development of this coin initially provided for its stable strengthening.
2. Skeptics put forward another reason: they believe that Bitcoin itself is a large – scale Scam. And the intensive growth of the exchange rate will be followed by a rapid fall.
3. And the last reason is conspiracy. It is believed that this coin was specially made so expensive that it was used to test the creation of a world currency

Serious entrepreneurs immediately filter out the third version. And the first two are considered suitable. The powerful Bitcoin exchange rate really looks very suspicious. In addition, the coin is not controlled by the government of any country.

Today, millions of people earn Bitcoin. And in addition to earning money, they invest a lot of money in it, seeing this as a prospect for the future. Another logical explanation for the high price of the coin is its worldwide popularity.

 

Bitcoin owners are completely satisfied:

• Anonymity
• Operational performance of operations
• Minimum Commission or no Commission at all

Let's offer the fourth reason for the high cost of the coin. Bitcoin is considered the digital equivalent of gold. If classic money will print as much as you want without restrictions on the number and time frame, the amount of digital cash is limited. This means that the coin will only grow in value.

[Javier5678 48]

Bitcoin is the first cryptocurrency to implement blockchain technology, so its price increased over time as more people entered the world of cryptocurrencies, bitcoin has a high demand and a limited supply than other currencies and we take into account that the other cryptocurrencies depend on bitcoin and its high price

[Koussaygame07 103]

It is the most sought-after cryptocurrency in the market and the most valuable because its price is on the rise as it is classified as the most famous currency in the world and the most transacted and the first currency launched in the world