Bitcoin value - page 42. | Bitcointalksearch.org

Chanock

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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.

The bitcoin value and other digital currencies are not stable unlike fiat or dollar and other currencies of state. The good advantage of bitcoin value is giving you a chance to gain profit while you are holding it. That is the reason why people are always looking to it as their an investment. Invest money with bitcoin has a huge risk but it gives you an assurance to gain profit once the value of it goes rise. Also, the value of bitcoin is unpredictable and it hard to predict when or where it going up or fall. The bitcoin value changes every second or minute. That why you need patience on bitcoin holding. Right now the value of bitcoin is soaring high.

Jamjamz30

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Just like any other things in the world, people are the ones that gives value to something. If a huge number of people want something, then its value must be great, but if they ignore it then it must not be valuable. It's like the law of supply and demand, If people demand it it prices go up. Bitcoin is like any other currency, they are backed by people who put value to them, like how the government puts value to fiat money.

toiratdeptrai13

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All values must be recognized by people. Conversely, when it is recognized by everyone, it becomes valuable. That is the principle of the value of all things on earth. Actual value is only a small part of the value. Rarely also part of the value

Inkdatar

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Quote from: Dondisimo on May 03, 2018, 03:02:04 PM

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 value of bitcoin eversince is changing time to time. So true price is very unstable and also depends the increase on the demands. If value drops whales always exists at anytime for them to invest. Risks is very challenging on bitcoin value.

asadbd1

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The Bitcoin will rise again. It is not going to stop. There is a lot of time for it to grow more and more and more.

Mwalshe89

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Currently, the value of bitcoins as a currency can be calculated by adding up the saved funds through the use of the Bitcoin payment system, and not other payment methods. If one bitcoin is used for 10 transactions per year with an average value of $ 100, the bitcoin network is 3 percent cheaper than any other alternative. This dynamic persists for 10 years, increasing the value of this bitcoin to 300 dollars. Bitcoins do not even need to replace local currencies

Dondisimo

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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.

Hellokitty09

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Quote from: KITTY 0108 on April 05, 2018, 06:16:15 AM

Value and bitcoin prices are unstable and drastically current.

For me, bitcoin is only a tool to support the existing blockchain technology that are being develop today by many investors which believe in projects they choose. Pertaining the value of bitcoin, because many people invest on it, the supply of bitcoin increase due to the rising in the demand of potential projects that would have higher return of investment if successful. Popularity maybe a factor but I think its the performance of the project would be the basis of its value. If bitcoin will be a big contributary to those project, then the value of bitcoin will rise as per demand of it will also increase.

Chicksteen

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Quote from: RheaLity on April 01, 2018, 12:32:20 AM

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.

Agree on what you are saying here. When it comes to volatility i would hands down on cryptocurrencies because nothing on this world would able to equal when it comes to price movements.This is the risk and this is the golden way to make money.This is why bitcoin and other altcoins do gain popularity because of this characteristics.

blue_dragon

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Quote from: RheaLity on April 01, 2018, 12:32:20 AM

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.

Yeah, that is really true. The unstable price of bitcoin is usually affects by the supply and demand that is happen online. Yes, it is possible. Usually, at the time of the ber months, the price of bitcoin came higher and higher because of the demands of selling bitcoin and on the time of march is usually the price of bticoin is goes down.

Hudadahuda2018

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Quote from: Suharti12 on April 01, 2018, 01:49:08 AM

It's true that bitcoin is worth it because there is a deal of bitcoin users, and now the value of bitcoin prices is declining and this is a great time to make a purchase and invest.

If the value of bitcoin accordingly then it is an opportunity for many people to buy coins and then wait to wait for the value of stable bitcoin again so their profits even more.
I'm sure bitcoin has a bright future and bitcoin a bit longer has a higher value than before.

Emran4567

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Yes, I believe the people in the cryptocurrency community were actually the ones put value on bitcoin.
but Bitcoin have different value all the time and not only bitcoin different coins have value.
Bitcoin price are down and up every second so the value of bitcoin is not permanent its gonna be up and down.

prismatica007

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It is changing its value, experience ups and downs in the market

andisuk

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of course bitcoin is not just a value but inside there is a very expensive system that is blockchain so not arbitrarily bitcoin is only considered a value only, it is like not assuming how the bitcoin foundation was made

chel123456

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The bitcoin value this month is higher than the 3 previous month.The price of bitcoin is very unstable its depend upon the demand in the market. Im hoping that the value is continuously high and back like the value last year which is higher than this year.

simpleholmes

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if people accept to sell, work and buy something with a currency that means they are giving value to it, if they would not live or accept to work for money or any other asset it means in simplest way that they don`t value it.

assyla

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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.

The price of bitcoin today is very unexpected, its price is very high. It is one of the most expensive price in cyptocurrencies. Although bitcoin price is not stable we can say that if you become part of bitcoin then probably you can have a better futurr, because bitcoin is the future, and it will help us to have a better and brighter one.

RSM0103

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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.

People believing in bitcoin will give it value. Yes what he said is very true, because of the uses of bitcoin people attracted to entertain it and value it like there are many benefits they can get by using bitcoin. So because of this there will be a huge demand of bitcoin and obviously the more demand the higher the value it can get. That is why bitcoins price is now unstoppable and always going up these days.

Spontebob

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Quote from: paulo29 on April 01, 2018, 01:38:03 AM

Yes it true,the value of a thing depends on how the people value it. Truly most of all transactions or the value of commodity depends on the principles of market and demand, the more and more people demand on every commodity and there is no enough supply to sustain that demand then the value of such commodity increases. Since bitcoin is very popular and more and more people wanted to be part of this trading,it makes the bitcoin very dependable and yet very volatile so its value and price is undetermined and cannot be predicted.

Bitcoin price is not stable at all. It depends on how people value it. There will be no bitcoin if people doesn't use it. Just like the Law of Supply and demand. We are the reason why bitcoin is made anyway/.

zarados

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if we assess a $100 of fiat, of course we will not get accurate results, because indeed, the cost of making $100 fiat is not so much, but it is given such a value, and people accept it. If we assess the price of a gold, of course we can judge from the size and quality of gold, because its value is based on its form. Meanwhile, bitcoin appears in digital form, certainly not unlike money, bitcoin value is also based on people's belief in its value, it's just that not everyone agrees with it, so there are pros and cons to this technology.

Topic: Bitcoin value - page 42. (Read 3451 times)