Bitcoin value - page 27. | Bitcointalksearch.org

jcarlo

member

Activity: 798

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 thats the truth about bitcoin price or any others currency. Price determined by supply and demand and trust from community. If many communities trust on bitcoin and using bitcoin for their transaction, bitcoin value will increasing and if no demand on bitcoin, bitcoin will worthless

hdtqisg

sr. member

Activity: 686

Merit: 250

The value of Bitcoin is the value of trust, of investors. Limited quantities are also responsible for the value of Bitcoin and altcoin!
Digital money needs to have a value-added platform to make sure!

Bhalibad

newbie

Activity: 182

Merit: 0

Quote from: Wind_FURY on April 01, 2018, 02:41:09 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.

It is not that simple but like everything in the world, all bought and sold in the market are given value by the law of supply and demand. It is the market that decides if something has value and how much.

A good example is gold. The value it has today is because of the price the people are willing to buy it for. But trap those same people in a desert and sell them water or gold, then I believe water would be more in demand, making it more "valuable".

As a housewife I have no work I'm just take care of my child.when my friend visited me she asked about Bitcoin. She teach me on how to used them.At that time I am interested to joined the Bitcoin because my friend said that at the end of this campaign, maybe we have token. And I am very excited for these because tokens of Bitcoin give some value for us if we have a profit.

Zachwolf

newbie

Activity: 121

Merit: 0

Quote from: Wind_FURY on April 01, 2018, 02:41:09 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.

It is not that simple but like everything in the world, all bought and sold in the market are given value by the law of supply and demand. It is the market that decides if something has value and how much.

A good example is gold. The value it has today is because of the price the people are willing to buy it for. But trap those same people in a desert and sell them water or gold, then I believe water would be more in demand, making it more "valuable".

As of now it has changeable value, UP and DOWN. Before it reach a high value of almost 19,000 USD but now it become low with a value of almost 8,000 USD. It so sad but it is normal let be have a patience guys.

mkmittalg

jr. member

Activity: 200

Merit: 6

The current price of Bitcoin is low. So,it is best time to invest in it. When its price increase, investor can sell it and can get profit.Bitcoin"s future is very bright future.

amberwang120009

newbie

Activity: 93

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Bitcoine realy has value. Bitcoine being valuable because people do entirely value it as a currency or as an asset for investment which depends on how people perceive bitcoins worth's and value to come to existence.However, due to it's volatility, bitcoin is susceptible to fluctuations either be going up trend or down trend.bitcoin is valued at what people believe it is worth. with new news coming out, there personal valuation changes as will.

oussamamh

newbie

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The value of bitcoin are very volatile it may decrease and increase it's because of the users of bitcoin the supply and demand can affect the bitcoin price.

jchav010101

newbie

Activity: 84

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Bitcoin has a value.I think that indicates the popularity of bitcoin.As much people love bitcoin the value of bitcoin increases. The popularity increases and again it will decrease.The value of bitcoin keeps up and down.So the value of Bitcoin is not stable.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.

joshb028

newbie

Activity: 42

Merit: 0

I agree, its very true that anything can have a value because of us people. Like bitcoin, it has its value because of its all the people who has accessed in it. The value depend on the amount of people accessing from it that is we are making bitcoin be promoted to all.
It is also true that the value of bitcoin is unstable and unpredictable its because it depends on the demand and supply and its up from the developers if they want its value to change.
But we dont need to worry about its value because most of the time the value of bit cough is high enough. We just not to keep on monitoring its value

baho11

member

Activity: 263

Merit: 12

The value of bitcoin is very significant over time, and sometimes it can change and is unpredictable and bitcoin prices can rise and fall because that's the nature of bitcoin .. and now the bitcoin price drops drastically and in sales and purchases it can affect the bitcoin value and try to calm down and do not panic if bitcoin prices go down so as not to make mistakes .. and you should be sure for bitcoin will someday rise again ..

ansdb

newbie

Activity: 80

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even the the FIAT currencies have value because people considering that it have value any type of products or currencies get it's value from it's utility, useability, ... etc
if you compare the uses of bitcoin and the uses of FIAT currency the first thing you've noticed is the supply Bitcoin has just 21 000 000 coin as atotal supply in the other hand FIAT currency every year gouvernement print new money so there is inflation.
also the probleme of trust between banks and customers have you ever heard about people who have lose theire money just by trusting at the bank so bitcoin gets it's value from these things and more and more

airdnasxela

sr. member

Activity: 728

Merit: 254

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 primary reason why bitcoin and other cryptocurrencies available had a value because people have demand of it. The price of bitcoin reflects to the law of supply and demand or the number of people investing and selling their coins. The reason why the value keeps changing because the law of supply and demand are also continuously happening.

chichigirl

sr. member

Activity: 588

Merit: 251

HELENA

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

Bitcoin value is unpredictable it can go down and rise as well. So keep on monitoring our investment for in time, bitcoin will pump and we will surely earn a lot. Just keep on holding.

leonidas89

newbie

Activity: 73

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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.

Yes that's true, just as much as its true for anything else.

EVERYTHING only has value because people see it as having value. Bitcoin's perceived value is from its utility, network effect, as digital gold etc.

ttking

member

Activity: 324

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bitcoin, being a decentralized network, opens the possibility of technological innovation. The software model of the bitcoin network, with open source code, facilitates the creation of additions and improvements based on the existing network.

jackjones53

full member

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I think that bitcoin is primarily so popular firstly because it does not have a master and all the coins are already conditionally distributed.

btc16432

newbie

Activity: 15

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Bitcoin value is 0.01$... yes it's true .. but it was in 2009. on desember of 2017 bitcoin value reached 18000$. Unfortunately now its about 7500$. But i am 100% sure bitcoin will go to the moon in next couple of years.

K.Tumpa

newbie

Activity: 700

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Bitcoin is valuable crypto currency. It's day by day increase. It is popular currency. it's price hight coin market.Its value world wide.Most people earning bitcoin.
Last year bitcoin valuable hight increase.

Ayaancool

full member

Activity: 308

Merit: 100

However he is right. The bitcoin value still going higher because of the bitcoiners believes that bitcoin is the best crypto that they ever had. If they strong believe like this they never look on selling bitcoins and they always try to own more bitcoins compared to their financial capacity.

Keyboard PC

hero member

Activity: 924

Merit: 500

bitcoin has a value because bitcoin has a very good development and bitcoin has only a very limited supply but has a very high demand that makes bitcoin can have a very expensive value like this.

Topic: Bitcoin value - page 27. (Read 3453 times)