Bitcoin value - page 11. | Bitcointalksearch.org

shackleford

full member

Activity: 281

Merit: 100

Quote from: boboking on April 01, 2018, 12:32:14 AM

Quote from: the maker on April 01, 2018, 12:25:02 AM

I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:

" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"

I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.

Yes basically that is true not only in bitcoin but on all things un the world. I will give you an example why does some old baseball cards are worthless and some cost a fortune well because more people like that card.

Yes you maybe new and correct we are on a bear market but if you have not bought anything yet this is the perfect tume to invest.

Very good comparison you brought. I also believe that If you do not have coins, now is the time to buy bitcoins or altcoins. Everything will grow, so do not think about the portfolio.

Shopping Coin Official

newbie

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I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Any currency or commodity has perceived value, because people gives it value. Why do people want to use a little piece of paper to buy a cup of imported coffee from a coffee shop? Why does the coffee shop vendor want that piece of paper? The simple reason is that people believe that the piece of paper are backed by the government and the government guarantee it's value.

MetalGear

sr. member

Activity: 714

Merit: 250

Quote from: lodi123 on April 01, 2018, 12:29:04 AM

Quote from: the maker on April 01, 2018, 12:25:02 AM

I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:

" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"

I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.

Bitcoin value it changes everytime it is not permanent nit like a paper money it's value is permanent and stable

Actually, the value of bitcoin is always change and it is not permanent simply because on its being volatile. On the other hand, bitcoin is not like paper money that has permanent value and the value of bitcoin will depend on the market. And if you are new in this kind of investment I suggest you must get more information about bitcoin before you enter in this field.

Bugsbey

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Quote from: the maker on April 01, 2018, 12:25:02 AM

I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:

" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"

I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.

Bitcoin is decentralized so it is not controlled by anyone. Its value is dependent on the demand and also its supply in the market. That is why its value changes.

harrylucky67

newbie

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bitcoin, being a decentralized network, opens the possibility of technological innovation. The value of the commodity depends on the demand of the market itself.If the market demand increases bitcoin prices will experience a very fantastic increase.

Goodday

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Quote from: cryptoplus94 on April 01, 2018, 01:21:22 AM

There are predictions that 2019 bitcoin will probably increase to $ 50,000, maybe?

this forecast will become a reality remains to be seen. USD which will be pulled very quickly may be until early 2019 there are about 15 million bitcoin holders at this time.

Onanana

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Bitcoin is volatile like any other crypto currencies, its market price fluctuates when drastic changes applies on both demand and supply. The thing is fiat and crypto currency is the same, it differs with stability because BTC is so much smaller than for example ($) Dollars, that's why the value changes so much faster.

sugarfree1989

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bitcoin, being a decentralized network, opens the possibility of technological innovation.If the market demand increases bitcoin prices will experience a very fantastic increase.

Bunker

member

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Bitcoin has no intrinsic value, its price can only be determined for a certain moment, because it is the ratio between demand and supply, and they are never constant.

PIR

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CRYPTOBLADES Octoblades 10.10

Today value of token now is unstable, i think this is time to buy more btc and hold and sell it in the future when the price of BTC pump. Hopefully in 4th quarter this year many pump BTC, i believe bitcoin value will rise again.

LigwagGanern

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Activity: 307

Merit: 10

Quote from: the maker on April 01, 2018, 12:25:02 AM

I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:

" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"

I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.

I think John Oliver has a point. As long as there is a people still using bitcoin, the bitcoin value will still there. I think if the number of people who using bitcoin decrease, maybe that is the time where the price of bitcoin will increase. And many people will know that and that is a good news for those people who still have bitcoin and for those people who sell their bitcoin, will buy again bitcoin and wait 'till the price of it increase again. We cannot directly change the value of bitcoin, it will takes time.

Milado22

newbie

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We as the society gave the bitcoin value, but we also can take it back. But it is practically impossible!

auliani2000aa

newbie

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Very precisely the value of bitcoin currencies is very low and cheap right now, which is why everyone is patiently waiting for an increase by the end of this year. However, no one doubts that bitcoin currencies will bring them to be profitable in the long term.

CryptoFeller

newbie

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The value of Bitcoin mainly determined by the demand for it. It partly could be determined by the people because the people are responsible for raising it demand which significantly affects it value.

auliani2000aa

newbie

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Bitcoin currency is one asset that can be accepted by many countries and reach out to be purchased and so invested for a very short period of time, can produce its value, second Bitcoin currency is the best coin to be invested and also currently for sale.

Joeyvicky

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Activity: 140

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The volatility of the bitcoin price which usually rises and drops is predominately determined by the people or those who use them. This is per reason of how we supply and demand bitcoin on our market platforms and that shows that we are the key to the value of bitcoin.

Cryptpopo

newbie

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bitcoin value is determined by the investor,the values go up and come down in the market. it is not a stable value.

ebetlupet143

newbie

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Eventually, everything has esteem since individuals concur so. The same is valid for fiat. As a general rule fiat is just a bit of paper and we as a whole concur it has esteem. The main distinction amongst fiat and btc is who backs what. What alarms individuals the most is that btc has no issuing expert. They feel unprotected utilizing it. Yet, so far btc has turned out to be impressive.

Jansaa

full member

Activity: 392

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The value of bitcoin and altcoin is currently determined by the investor! Most altcoin and tokens are new to the exchange, not many practical applications!

zhanyiguai261315

member

Activity: 392

Merit: 10

Bitcoin payment, Bitcoin cross-border remittance is the main purpose of BTC!
Everyone can see all historical transactions for a Bitcoin address, and these transactions can never be forged!
The value of BTC comes from the trust of investors!

Topic: Bitcoin value - page 11. (Read 3451 times)