Bitcoin value - page 40. | Bitcointalksearch.org

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

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.

Since bitcoin moves according to demand in the market, with we do bitcoin buying, then we are bitcoin proponents so bitcoin can have good value. Bitcoin continues to float, until bitcoin becomes a very valuable asset and very worthy to own and hold for the long term.

Obeng minn

jr. member

Activity: 68

Merit: 1

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.

That's only because people believe, that it has a value. BTC is a great archetype of cryptocurrencies, but future are alt coins with real value in some form. I can give you an example. Nebula Network is a decentralized storage cloud with emission mechanism tied to their supply. That means it is not minned, but has a solid backing in computational power and disc space. Due to this fact, its rate of exchange will be rock stable and separated from Bitcoin. It's worth to read some about this project on their site, I thing there will be more coins like this one soon.

Xenoph0bia

hero member

Activity: 966

Merit: 501

Quote from: Polly.Nochka on May 18, 2018, 10:15:17 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.

This statement is quite logical, since if people think something is valuable, then it should grow in price. And while people value bitcoins and invest in it, it will continue to grow.

Bitcoin is the most valuable cryptocurrency in today's date.It is very expensive and not everyone can buy it.When the prices are low people think of buying it then only.Bitcoin value is very volatile and we do not know when will the price of Bitcoin rise or fall. All the other altoins and cryptocurrencies are regulated with respect to Bitcoin only.Bitcoin is the father of all cryptocurrencies. Bitcoin is the best option for investment purposes as it gives use amount of profit returns.

cocktail111

newbie

Activity: 30

Merit: 0

It's worthy. Bitcoin is must have currency in every experienced investor's wallet. Crypocurriency market is based ob bitcoin. All altcoins are pared with bitcoin. Even if you are sceptical of bitcoin and you have to buy altf first of all you need to buy bitcoin (in most situations). That makes him most usefull coin on market at this moment.

Bitcoin also is making all altocoin price. Yea. Thats why "altcoin prices imitate bitcoin move on market". Take a look at one of your altcoins. 80-95% of its volume is pared with bitcoin. So if bitcoin price drops your alt have to drop too cous in 80-95% it price is dedicated by bitcoin.

Polly.Nochka

newbie

Activity: 98

Merit: 0

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 statement is quite logical, since if people think something is valuable, then it should grow in price. And while people value bitcoins and invest in it, it will continue to grow.

coin-investor

hero member

Activity: 3024

Merit: 614

Leading Crypto Sports Betting & Casino Platform

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.

People agree to its value because there is value indeed because it is decentralized and independent from any third party interference a great innovation that is equal to the invention of the internet and about price plummeting, its been here since day one, and only newbies are in a panic.

GaryGadoot

newbie

Activity: 77

Merit: 0

of course bitcoin has a great value, but the value of bit coin is changeable.

Magkirap

sr. member

Activity: 896

Merit: 267

★Bitvest.io★ Play Plinko or Invest!

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

I strongly agree to that opinion, we all know that the price of bitcoin is not permanent and its because of the fluctuations of supply and demand on online market. In addition to that, every time the price of bitcoin is change and its because of being volatile where the price of bitcoin is not stable and it always change.

gilangIDR

legendary

Activity: 1526

Merit: 1001

Quote from: DoublerHunter on May 17, 2018, 11:38:26 PM

Bitcoin value right now is high but i think that in will just like the recent movements where the price will go down again and it will shake the hand of the weak holders and they will just lose money with their moves or actions that they were going to do. So if you are really valuing bitcoin that much then it doesn't matter if it goes down hard because we all know that the only way at the end is all the way up.

Prices will always change and will never stabilize. Digital currencies are heavily influenced by demand factors so that as more people use bitcoin the price will increase and as fewer people need bitcoin the bitcoin will decrease. It is a normal thing happens, oh yes various positive and negative news will very easily affect the price of bitcoin globally.

ciciteng

jr. member

Activity: 168

Merit: 2

Yes, Bitcoin has a value because we agreed that it has "that" value. Actually it same as the usual fiat money, literally.
Therefore, to determine the exact value of Bitcoin it's really depend on how we gonna used it; is it for store of value? or can be used as daily goods transaction utilities?
We are in charge of that.
So far, Bitcoin has a function for store of value and we agree that. It's like a digital gold. Once we experiences the scarcity of Bitcoin, the value will sky rocketed and become HUGE! Just like a diamond or gold.

Elips1

newbie

Activity: 154

Merit: 0

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's impossible to gain a profit if we don't have any amount, time and effort for the investments, That's why we learn more on how to earn money from crypto currency through buying and selling it. Because bitcoin's value is like a dollar sometimes its price become high or low.

Farhan786

member

Activity: 308

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.

Bitcoin is safe. It cant be hacked because it is decentralized. Bitcoin is fast. Bitcoin provides more privacy than normal transactions. Bitcoin isn't tied to other asset classes and is a hedge against other investments. Bitcoin solves massive problems with the financial and political world, and that is its value.

Musstang

member

Activity: 238

Merit: 11

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 believe that the importance of bitcoin is not only due to the fact that we agree with this, but also because of the huge investment in bitcoin.

DarrinEspacio

newbie

Activity: 90

Merit: 0

though bitcoins value is unstable but soon it will come to a stable position.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Bitcoin value right now is high but i think that in will just like the recent movements where the price will go down again and it will shake the hand of the weak holders and they will just lose money with their moves or actions that they were going to do. So if you are really valuing bitcoin that much then it doesn't matter if it goes down hard because we all know that the only way at the end is all the way up.

schatzi

newbie

Activity: 116

Merit: 0

Yes, I believe the people in the cryptocurrency community were actually the ones put value on bitcoin. 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.

Tylev

full member

Activity: 854

Merit: 104

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.

With such a statement that the fundamental value of bitcoin's price is that its price is determined by the fact that people agree with its value, one can agree. Bitcoin has no intrinsic value, its price can only be determined for a certain moment, because it is the ratio between demand and supply, and they are never constant. In the next instant, bitcoin can already cost much higher or much lower. This is indeed so. This is a feature of all decentralized crypto-currencies. The national money of any state is regulated and maintained by the central bank of each state. Centralized crypto-currencies are also regulated by some central authority. Bitcoin and other decentralized crypto currency have no such body.

poldanmig

sr. member

Activity: 1372

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.

it is true that opinion and if bitcoin is recognized by all people in this world of course bitcoin will have a very high value and make the investors increasingly interested in investment with bitcoin

kleaty Virus

newbie

Activity: 11

Merit: 0

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. Thogh it may rise or drop but its not that high. Bitcoine become so unstable and volatile that it become to known like that

KrishaBitcoin

member

Activity: 350

Merit: 11

W12 – Blockchain protocol

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.

Yeah it is true that we are agree that Bitcoin has value and thats is why we keep on holding, buying and investing on this coins because we all believed that Bitcoin has a value, that it is promising investments and will change our lives. If we don't value Bitcoin then for sure it will hardly to continue to exist until today because no one will going to pour their investments on this coin.

Topic: Bitcoin value - page 40. (Read 3451 times)