Bitcoin value - page 22. | Bitcointalksearch.org

Kanda Yu

member

Activity: 315

Merit: 15

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.

Just like all things, we make it exist by agreeing that it it do really exist. We tend to support something that's why even it's not there yet before, it comes alive just like bitcoin's value before. We all know how priceless or less expensive bitcoin is before but as the number of the believers and investors of it grows, it happened that its value grow a lot for real too.

Pemburu dollar

jr. member

Activity: 154

Merit: 1

Quote from: Brightcrypto on June 03, 2018, 02:33:19 AM

Bitcoin is a product of trading, investment and purchasing of goods online and making pay bills. Therefore bitcoin has been working perfectly on a digital money asset, that appreciate from time to time in time of value rate increasing by appreciate in price

I think What scares people most is that btc has no issuing authority. They feel unprotected to use it. But so far btc has proven itself tough.
In the end, everything has value because people agree so. The same applies to fiat. In reality, fiat is just a piece of paper and we all agree that it has value. The only difference between fiat and btc is who supports what.

thegreatdodoy

newbie

Activity: 112

Merit: 0

Quote from: 5hoop5 on June 07, 2018, 07:49:08 AM

There is a lot of information about the significance of Bitcoin, but I will say it in my own words, as I understand it, this is a new generation of decentralized digital currency, nobody controls it, currency issuance occurs through the work of millions of computers around the world.

Yes and as an investors we need to work hard to help bitcoin surpass all the challenges that may encounter along its way to become successful.

5hoop5

member

Activity: 154

Merit: 10

There is a lot of information about the significance of Bitcoin, but I will say it in my own words, as I understand it, this is a new generation of decentralized digital currency, nobody controls it, currency issuance occurs through the work of millions of computers around the world.

martirosyan666

newbie

Activity: 238

Merit: 0

Bitcoin is a product of trading, investment and purchasing of goods online and making pay bills. Therefore bitcoin has been working perfectly on a digital money asset, that appreciate from time to time in time of value rate increasing by appreciate in price

Peashooter

sr. member

Activity: 868

Merit: 257

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.

This the great thing about human construct. We agree to the definition and value of things and yet we still argue about the measuring we use. Too ironic to see that all money, all currencies, only has value because of our agreement but we debate if cryptos are real currencies even though many have already using it.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: MoreMoneyHunt on June 04, 2018, 02:00:06 PM

Bitcoin is the first successful cryptocurrency hence have gained the trust of the people since its inception. Even the unschooled have heard about Bitcoin and in this way, more people get to know about Bitcoin through the testimonies of its investors. As such, the demand for Bitcoin increases each time and with the limited supply, it tends to gain much value on the market.

Trust is critical, there are many things in which trust is unnecessary but when it comes to a currency trust is everything, trust is so important that the word trust is in the US dollar and most of the time when people think of why the US dollar has value it has to do with the trust in the credit worthiness of the US government, so the trust bitcoin has generated over the years is something that cannot be quantified but which is as important as its technological innovations.

bakekang008

member

Activity: 171

Merit: 10

Global Risk Exchange - gref.io

Quote from: ?? on ??

Bitcoin is precious. You can visit the different trading platforms so you will be able to grasp how the price of bitcoin and even alts were made. In trading the people decide the value how high or low they want to acquire a bitcoin, on the other hand people set a price to sell a bitcoin or buy.

Bitcoin value now is so very low, because its volatile but some of us are hoping that it became higher and stable so that everybody whp have their bitcoin will not sad and recover.

Mazda17

full member

Activity: 392

Merit: 101

Quote from: tracy.hong on June 05, 2018, 03:39:19 AM

The value of bitcoin fully rely on the law of demand and supply wherein as more demand bitcoin receives, the higher its price.

Your opinion is very good and I like your opinion.
It's true what you say is that the more demand the higher bitcoin value so high bitcoin value depends on the law of demand but we need to rethink that behind the many requests there must be many people who follow it as more people follow the bitcoin the more visible changes and the more Looks like the future of bitcoin.

Mazda17

full member

Activity: 392

Merit: 101

Quote from: Ntaa on June 04, 2018, 06:48:22 AM

Yeah. . John Oliver opinion is right.
And I think Bitcoin will have more value if many people believe and want to use it.
Therefore investors and bitcoin users greatly affect the bitcoin price.

Your opinion is correct and I like your opinion.
Bitcoin will have more value if many people follow it because the number of people will determine the high price, therefore many foreign investors are using bitcoin because they can determine the price increase as well.
I'm sure that bitcoin will have a high value and that determines the future of bitcoin in the hands of everyone who uses it.

tracy.hong

newbie

Activity: 71

Merit: 0

The value of bitcoin fully rely on the law of demand and supply wherein as more demand bitcoin receives, the higher its price.

JoseJoseJose

jr. member

Activity: 138

Merit: 4

Varanida : Fair & Transparent Digital Ecosystem

Bitcoin was alive because of people investing on it believing that bitcoin will give them profit and gain money afterwards. Yes, its true because if people dont believe on what bitcoin will do. It will not rise up on almost 1 M last year.

marie2012

newbie

Activity: 11

Merit: 0

Bitcoin prices fluctuations are driven by many factors such as news and events that scare bitcoin users, investor perceptions on how to safeguard individual holdings and also public perspective on bitcoin affects its value.

francedeni

full member

Activity: 560

Merit: 100

Quote from: Kodok Bencot on June 05, 2018, 12:36:29 AM

Is interesting because the number of bitcoin users continues to rise, this will make the price continue to rise so as to make bitcoin value continues to increase, I hope all users can be patient so they can get a decent price and not cheap as now.

The more demands going on in bitcoin surely price will skyrocket. False news, fuds if you believe in it you will not win in crypto. Yes that is right bitcoin value will continues to increase this year I am still being positive and believe of.

Fesatmas

sr. member

Activity: 2268

Merit: 275

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.

The bitcoin value will keep changing every day as with other currencies have different values because everyone agrees with supply and demand. That is a good thing because currency can be a good investment place. As we know Bitcoin value experienced a high increase in value every day but it could be down as an opportunity to buy and then sell at high prices.

Kodok Bencot

full member

Activity: 994

Merit: 101

Is interesting because the number of bitcoin users continues to rise, this will make the price continue to rise so as to make bitcoin value continues to increase, I hope all users can be patient so they can get a decent price and not cheap as now.

thanhphongle91

newbie

Activity: 131

Merit: 0

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

miti bounty12

newbie

Activity: 79

Merit: 0

Bitcoin is a product of trading, investment and purchasing of goods online and making pay bills. Therefore bitcoin has been working perfectly on a digital money asset, that appreciate from time to time in time of value rate increasing by appreciate in price

xTachibana

full member

Activity: 164

Merit: 100

The All-in-One Cryptocurrency Exchange

I believe that the greatest value of bitcoin is that it does not have a master, that is, the whole structure is prescribed from the very beginning and will not be changed! Also, there will be 21 million coins in the world, most of which are lost!

PatronRH

full member

Activity: 322

Merit: 100

He is right and that is the basis of economy pricing is about being rare. Things have value because people say so. For example let's take obe of the rarest things like diamonds we actually don't need diamonds in order to live so it's not crucial for us yet it is one of the most expensive things on earth because it's rare and becaus maby people want it but there is a small quantity of it so it gains value.

Topic: Bitcoin value - page 22. (Read 3451 times)