Topic: Bitcoin value - page 13. (Read 3451 times)
If something has value, then the implication is that that particular commodity is worthy, that is say you have few amount or quantity of the commodity to fetch you much money. This is applicable to bitcoin in that, you have just one bitcoin fetching you plenty money but then the volatility of bitcoin changes its value almost all the time which is making bitcoin very difficult to attain a fix value. Bitcoin has a value alright but it is not fix as it keeps changing.
Either supply and demand provides the value or the electricity spent creating a Bitcoin. Bitcoin's market trading is very manipulated because now days more peoples are interesting in bitcoin, value can change every time, so bitcoin is good value
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 it is popular,many people accept and trade in bitcoin because it is recognized and accepted as a currency by many.Bitcoin also is a decentralized and limited.This is major factor for many bitcoin users. " 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.
true, bitcoin has value because all those believers and beliefs that now make bitcoin have a very high value, and public confidence in blockchain technology, then that transaction can make a world change so everyone is happy with bitcoin
Everyone who get into bitcoin are now because they made a lot of money with bitcoin and because of the opportunities that they are getting into because of bitcoin. Cryptocurrencies are just the best thing as of now in the space of the virtual world. Bitcoin and other cryptocurrencies should be taken seriously in order to do more improvements in our world.
the value of bitcoin is not stable or is always fluctuating because that is one of the characteristics of bitcoin it depends on the area at which it fall. if it rises at your time that is good and if not.
Of course BTC price depends on demand .But the price of gold, dollar and other values depends on demand .In crypto currency demand will be a long time,
Demand itself does not appear, the source of demand is important. The source of demand for the dollar is a peg to the world economy, through it, almost all payments in the world take place. Gold is a rare earth metal and possesses unique properties, besides it is not enough. The source of demand for BTC - it is not dependent on almost anyone, it is difficult to obtain, to send it from one user to another do not need intermediaries. If you remove these values from the dollar, gold or bitcoin, the demand for these things will immediately fall.
yes bitcoin has a value 
here's the link for news of bitcoin 24/7 update https://news.bitcoin.com/ i'm reading this site for articles
here's the link for news of bitcoin 24/7 update https://news.bitcoin.com/ i'm reading this site for articles
true, bitcoin has value because all those believers and beliefs that now make bitcoin have a very high value, and public confidence in blockchain technology, then that transaction can make a world change so everyone is happy with bitcoin
Bitcoin is a very valuable coin and it's an invisible coin. Bitcoin value can not be terminated, it is now widely known as the most valuable coin in the whole world. It is a longterm investment management because it is more valuable coin.
Bitcoins value is always unstable and we need to understand the right moment to tread.
Bitcoin is more valuable in our days than gold. Bitcoin has grown in so much percentage that it has been in the last 2 years. The knowledge and the use is more important than just the price, it is then called the value. Its changing businesses and more ways to reach its users globally.
I think what John Oliver has to say is true, Bitcoin has value because people believe that bitcoin deserves to be bought (at value). These people's beliefs are based on something obvious that is the function of bitcoin in lieu of paper money in the future as an easier and faster exchange rate for every payment transaction.
Ultimately, everything has value because people agree so. The same is true for fiat. In reality fiat is only a piece of paper and we all agree it has value. The only difference between fiat and btc is who backs what. What scares people the most is that btc has no issuing authority. They feel unprotected using it. But so far btc has proven itself to be formidable.
i agree with that statement, when the price of bitcoin is under $10000 its mean that people in the world is agree that bitcoin have the value no more than $10000, but if people dont agree with this i think it will makes rise up or going down until people agree with that price
I agree . He was right. The value of bitcoin depends on the investor. So we see that the value of bitcoin always fluctuates and changes.
It not only depend upon investor but includes various other factors like global economy decision taken by some country against the bitcoin can directly impact the price. Various scam that happens due to which some of the exchanges gets hacked it results into the price fall etc.
It is normal to see that the price of the bitcoin is always changing because all of the cryptocurrencies have the characteristics of being volatile. Do not panic if you saw that the price of the bitcoin is going down because it is normal and you should be aware that the price of the bitcoin is base on supply and demand.
I agree . He was right. The value of bitcoin depends on the investor. So we see that the value of bitcoin always fluctuates and changes.
Of course BTC price depends on demand .But the price of gold, dollar and other values depends on demand .In crypto currency demand will be a long time,
For my opinion people accept the price for BTC and started to work. They all don't think about it, they are busy to earn money in crypto. But the value consists of many branches and reasons. So you must to know the main for be good player.
Anybody some new news about BTC and especially about some applications running on BTC blockchain like ETH ?
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