Topic: Bitcoin value - page 36. (Read 3472 times)
In my opinion, due to high demand and limited circulating supply of bitcoin makes it more valuable. The value of bitcoin always base on the demand and supply....the higher demand the price also higher but if the demand is less then the supply is high the price will decrease.
The value of Bitcoin right now is derived by trading and selling but the main value that occurs is during the mining process. Some could say the price now is elevated and some could say it is too low in the long run, either way a baseline is created when Bitcoins are mined. That is directly how they have some value, if not the value given on the market.
You are right, when there is an effort to get an item will cause the value or price of the cultivated goods. Then when the goods enter the market, in this case bitcoin, there will be an offer, to get an agreed price. In this case economic law applies. Price depends on supply and demand.
which is my question. why do bitcoin prices continue to degenerate and deteriorate?
cause what is the price of bitcoin so fall? .
cause what is the price of bitcoin so fall? .
Somehow bitcoin's value is determined by its users but we all know that's what holds for all other currencies including fiat. The people who use any other currency determine which item or service is worth which amount of the currency. Bitcoin has great value and because of its impact, the value people give to it keeps increasing.
Bitcoin has really value almost in all around the world not only some countries if ban some countries but the peoples of those countries wish to get bitcoin because of its huge demand and great value,
yes it proves that bitcoin has a price in every country and proven also bitcoin can be used for anything you want and you can use to get around the world using only bitcoin-connected smartphones that you have without using regular cash again.
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.
In Bitcoin people can use the token to transfer value globally, because the token has a perceived value that are determined by supply and demand on a open market. ^smile^
In Bitcoin people can use the token to transfer value globally, because the token has a perceived value that are determined by supply and demand on a open market. ^smile^
The value of bitcoin is reportedly down by 67 billion US dollars or more than Rp 900 trillion in the past week. The total value of bitcoin in circulation is now in the range of 125.8 billion US dollars. Bitcoin prices are now far behind, with a margin of more than 60 percent, from record highs in the range of 19,500 US dollars per chip recorded in December 2017. The decline in bitcoin prices was triggered by a massive sell-off due to a lot of bad news that recently hit the cryptocurrency industry.
Bitcoin esteem at this moment is high yet I feel that it will simply like the current developments where the cost will go down again and it will shake the hand of the frail holders and they will simply lose cash with their moves or activities that they would do. So on the off chance that you are truly esteeming bitcoin that much then it doesn't make a difference on the off chance that it goes down hard on the grounds that we as a whole realize that the main route toward the end is as far as possible up.
The value of Bitcoin right now is derived by trading and selling but the main value that occurs is during the mining process. Some could say the price now is elevated and some could say it is too low in the long run, either way a baseline is created when Bitcoins are mined. That is directly how they have some value, if not the value given on the market.
I think people who jump in the cryptocurrency community are actually people who put a value on bitcoin. At Bitcoin one can use tokens to transfer values globally, because tokens have perceived value Any currency or commodity has perceived value, because people give value.
Value! Bitcoin is in the top of all crypto curriencies. Its value is now more than gold. Want of bitcoin or investment on it makes it more valuable. People and companies are excepting it. So, I do believe that its value is now in very good position, and in future it will increase more.
Bitcoin has value because people think it has value and will have even more value in future. The problem is bitcoin is not really suited for transactions, it has very high fees and is super slow and will not scale well. That's why many people suggested it has store of value and call it the "virtual gold". I see a fundamental problem with this. Most likely there will be a time in the future where even mainstream people realize that some other currency is much better for transactions (LTC, XPR, Facecoin or whatever new currency) because it was adopted by Amazon, Facebook, Google etc... and Bitcoin is obsolete technology and useless in most aspects. When that time comes BTC will lose its value. As for now most mainstream newbies do not understand or know anything about this, so that's why we see high value of Bitcoin.
Bitcoin is a digital money, that works with smart contract with Blockchain technology industry and is well secured wallet to be used. Secondly bitcoin has values because is not easy to get, because of the source, with a high security guide asset.
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.
That is not exactly correct things have value because they have a use, because things are useful, and then people agree on what value something has depending on many factors, however that is true for everything not only for bitcoin so the person that you are talking about is not making any kind of great insight, that is just common sense and it is nothing revolutionary. " 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.
Truly, suppose the bitcoin have an esteem, yet it's not perpetual, why? since everytime you check the cost of bitcoin it continually changing and it don't have a perpetual esteem like the paper cash that we are utilizing now, on the grounds that everytime it goes up yet everytime it goes down, that is the reason its estimation are not steady.
It is true that the market price of bitcoin is decided by the people in the trading but considering the whole idea behind bitcoin, I believe that it is even worth more than it's current price. Bitcoin, like all other currencies have their values decided by the people. People using a particular fiat decide how much of the fiat can aquire a particular item or service and it is no different from that of bitcoins.
Bitcoin is virtual currency.its has many advantages.it's value is very attractive.Bitcoin can change our economy problem and full helps our daily needs. it's Price is so high. it is very promising assets. you can invest in. Bitcoin acceptable worldwide. it's transaction is fast and secure. I think, in future it's value will increasing. all country will be accepting Bitcoin and using it.
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 value of bitcoin is basing on the demand and the supply but bitcoin's value has a great potential when we invest it compared to traditional money because it's price can able to double even become triple. That's why we should invest bitcoin to gain more profit from 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.
Bitcoin has a great value and the demand able decentralized crypto currency that is using mostly countries and this blockchain technology make craze to all world and investors and other peoples who have nothing to invest but is crazy to get bitcoin,
Right now, one thing is for sure, Bitcoin value right now is very low and patiently waiting until the time will come that bitcoin price will became high. Many people really do believe bitcoins work thats why they are still buy a bitcoin and hold this until they can sell it in a higher price.
How can this be a low valuation if you consider what the price of bitcoin is exactly a year ago, i do consider this as high valuation, whether this is inflated is another topic, but it is not possible for a common man to purchase the whole bitcoin with his monthly salary, if bitcoin is able to do the fundamental use of being used as a currency the price will keep on increasing as long as there is demand in it. Jump to: