Post
Topic
Board Speculation
Re: Why bitcoin so expensive?
by
rancidgash
on 29/12/2017, 09:15:58 UTC
Bitcoin is so expensive if it will be converted to my country's currency it will cost hundred of thousands.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.

Supply and demand is the most normal factor that makes the bitcoin price to flow.
Bitcoin and other similar means of payment are building an ever larger ecosystem in which they can operate legally and serve as exchange units. The more transactions there is a cryptocurrency, the higher its cost becomes.