Post
Topic
Board Altcoin Discussion
Re: Why is the price of bitcoin so high
by
Turkiwi
on 28/11/2017, 09:16:44 UTC
prices are something relative. You're seeing right now BTC trading at about nine thousand and you think that it's a big deal, like expensive and should be less cheaper which if it was, you would buy it. But you forget that there are only 18 million BTC's out there. This is really not a lot and there are many people who want some BTC, so it's natural that the price is that high, but that doesn't mean by any way that BTC is expensive. People confuse the price of something with being expensive or not, without considering the price in relative terms. Ten thousand per one bitcoin is really cheap if you think about how many people will want to buy it in the future, and how many people will have bought it, it will eventually rise even more and when it reaches to hundred thousand people will probably still keep on buying this.