Topic: Bitcoin value - page 34. (Read 3456 times)
It is the most popular crypto currency. Its supply is limited but demand is so high. So, the value always goes ups and down. But most of the time it goes up. Its value is raising in a good range. And people are investing so much on it. So, the value depends on the supply and demand.
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.
Actually it is not a fiat money, as it is a crypto-currency its value actually depends on its demand and supply. It is not stable, its value raises up and some times decreases.
There is no rational way to help determine the real value of bitcoins. In addition, the measurement of value based on the indicators of the circulation of bitcoins is in itself wrong, because there is no circulation, and all transactions occur because money already has some value for people. And the frequency of circulation does not depend on the total stock of the currency. Bitcoins are often traded only by the fact that there is such an opportunity. Gold is not sold so often, but it is estimated much more.
bitcoin was created and developed for 10 years. More and more people invest in bitcoin. Bitcoin's technology is modern and growing. At present, the price of bitcoin is very high.
Crypto currency is a new revolutionary type of money. Like any other currency or unit of account, it has value only because people believe that it has value in the form of a unit of exchange. Some money is provided with gold or other precious metals, others are not supported, although they are of value, because people attach importance to them and use them as a unit of exchange. Crypto-currencies have been developed as a unit of exchange and as a place to store assets that are not dependent on central banks.
People, trading with Bitcoin can decide, how much they are ready to pay for a Bitcoin, and what the price they would sell it for. This is the basic thing determining the Bitcoin price, and this comes from the nature of a decentralization.
Bitcoin quality is very good. Bitcoin is the king of all coins. Its price is very high. It's worth the whole life.
In world every thing has value. Value decide by its demand and supply. Value can be different of same kind of product. Like gold and silver. Both are metal. Gold have much value and silver has less value. This is depends on demand and supply. Bitcoin has limited supply and its demand is more accross the world. So it has much value. But value is not permanent everytime. This can rise or fall till zero.
I think this is the fact that bitcoin is a decentralized and censoring currency that makes them want to buy more (create demand) and that demand increases the price.
it is true but also misleading because it is incomplete.
people do not just randomly decide which bitcoin has value. this has some fundamental reasons. otherwise, many other things like salt granules will also be worth $ 20,000 for example!
it is a bitcoin utility that gives people a reason to assign value to bitcoin.
sometimes increase sometimes decrease.
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.
We are all aware that bitcoin's value grew because of the massive the demand it recieved from the people, same thing goes with other coins. The value of bitcoin fully rely on the law of demand and supply wherein as more demand bitcoin receives, the higher its price yet less supply and to the opposite of it, that how goes with the value. We all agree that bitcoin has value which means we are demanding it. " 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.
Value of the bitcoin depends on beliefs from people. It can go down drasticly and then again explode
Bitcoin's value is not stable it always moving from high to low and low to high.
That is why the price is so unstable, it is very dependent on investors. And I don't know if bitcoin is backed by anything else.
Do you think that USD is backed by anything else too? It's completely based on trust. Blockchain technology is sufficient for bitcoin to gain trust. All assets, especially on the stock market, is dependent on the investor.
That is why the price is so unstable, it is very dependent on investors. And I don't know if bitcoin is backed by anything else.
i think bitcoin value is not permanent it goes up and down not just like a paper money it's value it stable
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.
" 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 agree with John Oliver. It is really the truth. Just like any other things in this world, people will agree that this thing has a great value. You can search more in this forum and google on how Bitcoin's price is based in order to get the idea.
Why is it, bitcoin nowadays is falling?. The value for now is decreasing. I'm afraid that my earn money will also decrease.
That is why the price is so unstable, it is very dependent on investors. And I don't know if bitcoin is backed by anything else.
the bitcoin price moves purely from the buyer and there is a very high demand, bitcoin can be very expensive because of the factor of the total supply is very limited.
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