Bitcoin value starts with people's attention? or with its technology? - page 2.

Eclipse26

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Quote from: aosis on January 22, 2020, 01:22:02 AM

Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?

I think we still live fine without having Bitcoin being actively used in our real lives.

Oh well... In terms of transparency, i can take on Bitcoin's technology.

But which one is it that raised its value so much though?

Technology or People's attention?

Technology is the reason how Bitcoin was created but people is the one that gives value to Bitcoin. What's the purpose of Bitcoin if no one's using and giving value to Bitcoin. That's why demands affect Bitcoin's price.

Yeah, people can still live without Bitcoin but people with Bitcoin is more advanced when it comes to technology and opportunity. They're missing out what we can achieve here with Bitcoin. If bitcoin changed our lives when she started investing in Bitcoin, what more if everyone will?

crzy

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Quote from: aosis on January 22, 2020, 01:22:02 AM

Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?

I think we still live fine without having Bitcoin being actively used in our real lives.

Oh well... In terms of transparency, i can take on Bitcoin's technology.

But which one is it that raised its value so much though?

Technology or People's attention?

Technology before but right now its more on the peoples attention and peoples mindset. Bitcoin is good for transacting faster than the banks but since governments are against this one, we can't enjoy its true potential. Bitcoin will grow more if there's a big support from the government and the investors.

affandi

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Quote from: topbitcoin on January 22, 2020, 11:08:54 PM

Quote from: aosis on January 22, 2020, 01:22:02 AM

Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?

I think we still live fine without having Bitcoin being actively used in our real lives.

Oh well... In terms of transparency, i can take on Bitcoin's technology.

But which one is it that raised its value so much though?

Technology or People's attention?

My apologize for people that maybe not agree with me, but bitcoin last pump i think really get hyped that is why people aware with it. And not because it's technology because after it, bitcoin price looks not get any support anymore except from it's early investor especially when it is dumped. Because if bitcoin technology keep developed and can attract people, it must be already staying in high price.

I also thought like that, the big pump that happened in 2017 was the ICO hype, because all ICO projects use the token / altcoin purchase method with BTC. and not only BTC, ETH and BCH are also one of the buying methods. these three crypto really had fantastic prices at the time, but after the ICO began to disappear, the prices of the three cryptos began to fall. but hopefully I misjudge, and the reality is that Bitcoin is indeed worth defending because the technology has been widely used by many people in the world.

bounceback

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Quote from: aosis on January 22, 2020, 01:22:02 AM

Oh well... In terms of transparency, i can take on Bitcoin's technology.

But which one is it that raised its value so much though?

Technology or People's attention?

in my opinion bitcoin is very valuable, of course because of technology and attention, by using blockchain technology in it, bitcoin is in high demand by the public and investors to be used as their transaction and investment tools, and with blockchain technology it makes bitcoin very different from conventional currencies where bitcoin will become our own finances without the authority of a central bank or other organization.

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Quote from: yulionoo on January 23, 2020, 01:29:32 AM

I think both of them are really needed to increase the value of bitcoin. some people are interested in bitcoin because the technology underlying bitcoin is very revolutionary and also makes it easy for us to make transactions. and bitcoin to be able to grow also needs attention without public attention bitcoin is not likely to increase. and in my opinion bitcoin will come to the attention of many people when bitcoin can reach an ATH value of $ 20k.

indeed at the moment I see both of them playing an active role from technology that is increasingly being developed and widely used by many platforms will provide increased use means that there will be many transactions that will use bitcoin or use the technology which can have a good influence on the price of bitcoin at the exchange place.

yulionoo

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I think both of them are really needed to increase the value of bitcoin. some people are interested in bitcoin because the technology underlying bitcoin is very revolutionary and also makes it easy for us to make transactions. and bitcoin to be able to grow also needs attention without public attention bitcoin is not likely to increase. and in my opinion bitcoin will come to the attention of many people when bitcoin can reach an ATH value of $ 20k.

bitvalak

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It all depends on the perspective of each person, everyone has a thing to take the value and technology provided by bitcoin. In general, at this time people's views on bitcoin are already out of the original concept, because people only focus on values and values so that many expect to get a lot of money in an instant. Greed arises, then when prices fall a little panic occurs everywhere. Unlike people who view bitcoin as a technology, of course, will not be affected by the decline in value at any price.

fullhdpixel

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I think I’m going to give it to the people. The technology is good but imagine that the people decides to not adopt and invest in it, it’s going to be worthless . So the value is because of the people that are investing in it. And as to whether Bitcoin can change life? The answer to that is a no. Bitcoin cannot change your life, the only thing it does is to make transaction easier and cheap for us.

If you’re making use of Bitcoin there is a less cost for sending money abroad compared to what you will have to pay if you’re to make use of banks, there are even cryptocurrencies with lesser cost. I used ETH to send money for the first and the cost was very low and it was instant. That’s the only thing Bitcoin and other cryptocurrencies can do for you, they are not going to change your life, you have to work towards changing your own life.

Eugenar

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With a great invention, it is always backed by a concrete and flawless plan for it to be implemented. Bitcoin in a case undergoes massive development that requires the help of the world for it to be perfect. Now that we are more focus on the bitcoin's value, the option we have is whether it starts with the peoples attention or with its technology, where in fact could work both other ways and vise versa. Bitcoin could possibly have its value because of it technology seen by people that leads to its adoption or the other way which is bitcoin gains value because of attention first, followed by the improvement of its technology.

topbitcoin

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Quote from: aosis on January 22, 2020, 01:22:02 AM

Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?

I think we still live fine without having Bitcoin being actively used in our real lives.

Oh well... In terms of transparency, i can take on Bitcoin's technology.

But which one is it that raised its value so much though?

Technology or People's attention?

My apologize for people that maybe not agree with me, but bitcoin last pump i think really get hyped that is why people aware with it. And not because it's technology because after it, bitcoin price looks not get any support anymore except from it's early investor especially when it is dumped. Because if bitcoin technology keep developed and can attract people, it must be already staying in high price.

blckhawk

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It is the technology that gave it the people's attention. A more comparable and proper term of what I think you want to portrait is "Is it the technology or just people's hype?".

The fact that you could transact on large amounts, disregarding any limitations on location, and away from intermeidaries such as traditional banks, with their high amounts of fees especially on international transactions, makes Bitcoin a great alternative in sending funds with minimal fees, and directly conducted without monitoring and further investigation.

JeffBrad12

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Certainly people's attention. A technology despite being so advanced if none of us give any attention to it, the technology will just be as good as nonexistent. Even when the value of BTC hits the ATH back then it's because the massive exposure given by the media and to be honest. until today, fair amount of people don't really care about the underlying technology of cryptocurrency.

oktana

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The thing that increases the value of bitcoin is inseparable from the two, there is one addition where controversy which always leads to useful use can also be a reference.

talking about the future, bitcoin can answer it as a potential digital asset. If the next generation understands this technology, it will certainly be very significant. Will Fiat be okay in the future? only future generations can answer that.

hatshepsut93

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Quote from: aosis on January 22, 2020, 01:22:02 AM

I think we still live fine without having Bitcoin being actively used in our real lives.

This is true, you can easily live your life without ever touching Bitcoin, and it's not as impactful as not having the Internet or smartphone or other invention, but this doesn't mean that Bitcoin is useless. Some things aren't widely popular, but still have people who find them very useful - think about something like the Tor browser, which has tiny share of all browsers, but is immeasurably valuable to those who need privacy.

finaleshot2016

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I think both. Cheesy

Bitcoin has different advantages in different aspects so I can say it's a very interesting asset in the future. The technology behind it which is blockchain technology also has a great effect on society once it's used and implemented in different categories development.

We knew the potential of BTC and blockchain is very huge so I wouldn't doubt if we will use it as a tool for modernization of the world.

tungaqhd

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Quote from: aosis on January 22, 2020, 01:22:02 AM

Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?

I think we still live fine without having Bitcoin being actively used in our real lives.

Oh well... In terms of transparency, i can take on Bitcoin's technology.

But which one is it that raised its value so much though?

Technology or People's attention?

Bitcoin value started with its technology because Blockchain is something new and potential, then it grown by people's attention after the pump in 2017.

Greatchu

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Quote from: aosis on January 22, 2020, 01:22:02 AM

Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?

I think we still live fine without having Bitcoin being actively used in our real lives.

Oh well... In terms of transparency, i can take on Bitcoin's technology.

But which one is it that raised its value so much though?

Technology or People's attention?

I think both is the right answer, bitcoin have something new to offer and that's what makes it favourable to people and yet many are still against the technology but fortunately things get healed over time, every year bitcoin keeps winning the heart of many

avatar_kiyoshi

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Quote from: aosis on January 22, 2020, 01:22:02 AM

Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?

Not significantly, but Bitcoin can be a hero when people faced crisis.

Quote

I think we still live fine without having Bitcoin being actively used in our real lives.

Yes of course, because Bitcoin designed as an alternative.

Quote

Oh well... In terms of transparency, i can take on Bitcoin's technology.

You have a good choice.

Quote

But which one is it that raised its value so much though?
Technology or People's attention?

People attention bring mass adoption which means more demands, as we know Bitcoin supply is limited, supply < demands = high value. There must be a reason why people are interested in bitcoin, of course the ecosystem, because Bitcoin technology is very innovative.

huige007

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Quote from: Darooghe on January 22, 2020, 06:19:35 AM

I think the people's attention that came from fast growing of bitcoin price (especially the 2017 bull run), is the most important reason for bitcoin value today. Blockchain is a great tech but Bitcoin is not ready for mass adoption. I would argue that Bitcoin will need to scale faster to accommodate a large increase in users. The fees and confirmation times aren't too horrendous right now but it could get much worse again in future. Segwit needs to have higher adoption and lightning network needs to be implemented widely.

Its value is moving up due to its vast and powerful technology and the multiple benefits that it offers and the wide range of security that it provide is attracting people’s attention toward it. For me both the factors are contributing in increasing its value. Blockchain that act as a back-power for this technology is making it more attractive due to which more and more investors are coming forward to join this market.

Ridwan Fauzi

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Myself just have two factor to answer your question here.

One factor bitcoin can be made as an investment place because its volatility price. There are a lot of people come to buy bitcoin with an easy way, we don't need a lot of requirements to start investing.

Second factor it just because the technology that being used by many people now. As you know, a lot of people just use their smartphone to make a transaction and we don't need to take a lot of money in our pocket and now the people can be use bitcoin to do it.These factors can be made as a reason to change its price. Simply, people's attention and also its technology that make bitcoin has a value.

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