Why is btc so expencive now?

about a year ago btc was like 250usd now is fkin crazy, why?

btc is at the core just an mathematic formular. The thing is that people believes, that it is worth something. And at this moment people believes, that it worth so much.

btc is at the core just an mathematic formular. The thing is that people believes, that it is worth something. And at this moment people believes, that it worth so much.

Demand and supply, there's only 21 million bitcoin and more and more companies and customers want to have them so the price goes up

01-11-2017, 02:23 AM

Acharide Wrote: Demand and supply, there's only 21 million bitcoin and more and more companies and customers want to have them so the price goes up

yes! !!!

mmm, now btc is best cryptomoney in the world, the bitcoin is major thereum example.

btc naturally will continue to increase in price because it there is a finite number of blocks that can be mined. Once it's depleted, it'll either plummet in price (nobody wants to use it anymore), or continue to skyrocket. Honestly, it's just intrinsic value that people place on it, as is any currency out there.

01-11-2017, 02:23 AM

Acharide Wrote: Demand and supply, there's only 21 million bitcoin and more and more companies and customers want to have them so the price goes up

This is pretty much as accurate an explanation as can be provided. I'd like to add that BTC in general is a pretty stable currency not only because of what acharide already mentioned (it's widespread use which leads to more and more people accepting and using it) but also because it is not traceable and is not governed by any central entity. This means that a. governments and law enforcement cannot track the transactions b. they cannot regulate the currency whether that would be adding more, less, or imposing taxes.