Btc has no value - page 8. | Bitcointalksearch.org

ONEnergy

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Maybe not BTC but in next 10 - 20 years for sure BTC or another cryptocurrency will replace money for sure. The other way is only in case, lobbies will be too strong to fight and crypto will die. There is no middle way.

Quote from: IPVPIRL on June 01, 2019, 08:03:36 AM

Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.

Seriously what chance you give in Bitcoin replacing money in the next 5-50 years? There must be a nuclear war or zombie apocalypse first for this to happen.

IPVPIRL

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Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.

Seriously what chance you give in Bitcoin replacing money in the next 5-50 years? There must be a nuclear war or zombie apocalypse first for this to happen.

TheUltraElite

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So anyway, I applied as a merit source :)

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Bitcoin is a digital world currency and of course Bitcoin can be an asset in the future if you know how to use it. if in the future Bitcoin can grows and the price reaches millions of dollars then you will see this coin is more valuable than money.

How do you define "value"? If your yardstick of measurement is market price then its a false logic. The same money is used to inflate the price of bitcoin and you talk about having a value more than the money? Definitely the price will rise if more and more people bid on the orderbooks.

But does that change the value of the fiat being used? It does not. A crypto economy is far from the future. What we think here is because we are bullish on bitcoin and adoption becoming slow makes us say these things even without understand basic economic principles.

leonair

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BTC has no value for other people that don't have a proper knowledge about it yet but lucky for those open minded that already started accepting it as a mode of payment with value Cheesy

All of the things that is man-made has no value before though and Bitcoin is one of it.

BL46K 7193R

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Yes, I also think there will be a time when we all will depend on crypto. Our daily work will be done through Cryptocurrency. Now in many cases, Bitcoin is being used offline and it is increasing day by day. One can also come when the crypto receives more acceptance from cash. And those who think that Bitcoin has no value, they are actually making a big mistake, even in this modern age.

xSkylarx

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It is up to us how we would give bitcoin its value. It is made on the internet and can't be seen or touch, so somehow I agree that bitcoin has still no real value in the real world. But to our fast technology advancement, bitcoin maybe the key to future money and digital transaction. We can see now that big companies start to adopt bitcoin and its potential in the future.

mickeybuddy27

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I think bitcoin is not worth it, because bitcoin someone can get a decent life or vice versa. Bitcoin is not money, but bitcoin is a future asset.

Bitcoin is worth it when you know how to work on it and how it work for you. It really an asset than money because it is good to invest than to spend it as it has expensive value. With bitcoin, you can have money still tou cannot depend on it.

Distinctin

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Quote from: marcbitcoins on May 31, 2019, 10:57:03 PM

Bitcoin exist for 10 years and become famous so i don't understand why some people say it has no value. Bitcoin is in level with fiat currency now in talking of spending it just happen that Bitcoin cannot be possibly be use by everyone specially the poor but still it doesn't mean Bitcoin has no value at all as it will not make this far in which most of the countries are now utilizing it.

They are saying that cause in the first place, they don't understand and even ignore this thing since before. We never condemn them if they don't believe Bitcoin, they are just of few numbers compared to us and it never makes sense nor it turn people to distrust Bitcoin.

We know Bitcoin become a worthy of something, only we can't touch and see of real Bitcoin because of its classification but we know it have value and consider as currency in digital form.

marcbitcoins

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Bitcoin exist for 10 years and become famous so i don't understand why some people say it has no value. Bitcoin is in level with fiat currency now in talking of spending it just happen that Bitcoin cannot be possibly be use by everyone specially the poor but still it doesn't mean Bitcoin has no value at all as it will not make this far in which most of the countries are now utilizing it.

uneng

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Quote from: Janation on May 31, 2019, 08:05:33 PM

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Its value is determined by demand. If people need it and believe in its future, Bitcoin is growing. Suppose, very soon, it will be accepted as money. Why not? If you are able to buy things for it, it is possible.

It will be accepted like that but I don't think it will be accepted as money.

Bitcoin in the past if a lot of people use today will be a huge one, there will be a lot of people that will be rich because of that. But, Bitcoin will stay the same, a decentralized cryptocurrency, some countries banned it, some regulated it, it will stay like that. But the thing is that its value increases the reason more people will be drawn to it making more people accept it as payment not as money.

Bitcoin is already used as money. I think it's too early to say what will be the future regulations over bitcoin in different countries. Because regulations can change, for the better or for the worse: in countries where it's banned or heavily regulated, there might happen a change benefiting bitcoin and its users.
So it won't probably stay the same, but people must force their governments to take positive actions towards bitcoin.

pushups44

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Quote from: yusupjatigumilar on May 31, 2019, 06:59:48 PM

The value of a commodity is influenced by the trust of its users the higher the level of trust, the higher the value of a commodity, including bitcoin, bitcoin has a high value because many users believe to store their assets in the form of bitcoin.

Let's also not forget the value in having the best and brightest blockchain developers continuously working on the bitcoin network infrastructure. This labor and intellectual capital, along with the bitcoin brand name, are worth many billions if not trillions of dollars potentially.

Janation

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Its value is determined by demand. If people need it and believe in its future, Bitcoin is growing. Suppose, very soon, it will be accepted as money. Why not? If you are able to buy things for it, it is possible.

It will be accepted like that but I don't think it will be accepted as money.

Bitcoin in the past if a lot of people use today will be a huge one, there will be a lot of people that will be rich because of that. But, Bitcoin will stay the same, a decentralized cryptocurrency, some countries banned it, some regulated it, it will stay like that. But the thing is that its value increases the reason more people will be drawn to it making more people accept it as payment not as money.

Shenzou

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Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing.

If we think this way then we should be only exchanging goods like gold, stones, weapons, food.

BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon. It will only be huge advantage for us early adopters to get some while cheap.

When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.

Bitcoin's value comes from the blocs that people mine using their hardware and us as users we give it that value from the transaction that we make, if you look at the fiat and paper money's origin you will actually see that it actually has no value, government started printing paper money and just give it value just because they can and not because it is tied to gold reserve or anything like that, and they can print it without anyone known and no one will notice, and that is the difference between the fiat and the bitcoin that you can't create bitcoin there is a limited supply and if you have bitcoin everyone knows that its public and that what gives it its value.

yusupjatigumilar

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The value of a commodity is influenced by the trust of its users the higher the level of trust, the higher the value of a commodity, including bitcoin, bitcoin has a high value because many users believe to store their assets in the form of bitcoin.

Micerker

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I agree with the view that Bitcoin is a product of technology developed on the Blockchain platform, it has no value. Any government does not accept the value of Bitcoin, so its value lies with traders who create universal value for it. Similar to FIAT, the cost of Bitcoin is made up of many users.

Gi01

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In as much that Bitcoin is described as being a digital currency and its just represented by numbers which are not tangible doesn't really mean it has no value. People who have little or no knowledge about the whole idea of cryptocurrency are the ones complaining or speculating that Bitcoin has no value. What these people need to know and understand is that, just like the physical currencies used in various countries, Bitcoin is like a universal digital currency that has value as physical currencies which is widely used by people in different part of the world for most of their online transactions which is even easier and faster with lesser fees charge for every transactions made.

kotajikikox

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Quote from: stadus on May 30, 2019, 04:01:32 AM

Actually it's us people who are using it are giving value on it, it's not about the physical thing or whatsoever, it's about it's usefulness.
Bitcoin is not physical but yet we give value to it, from cents now to thousands, that shows it's very valuable and it's very useful to people.
Maybe those who do not understand and does not believe in bitcoin will judge bitcoin as no value, but we who believe can debate on that and we will continue risking our money in bitcoin believing in the future, our money will increase its value.

Thats truth users or holders how bitcoin treat as new usefull digital money. Those people believing the capabity of new technology bitcoin is future valuable money.

Oceat

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Quote from: Ailmand on May 30, 2019, 05:25:08 AM

Bitcoin is actually considered as digital money. It has value but its role is quite different from physical money. It could be a currency in the future but it doesn't mean that t will be replacing any currency. We only need adoption and acceptance to make it the most valued currency.

Its value is determined by demand. If people need it and believe in its future, Bitcoin is growing. Suppose, very soon, it will be accepted as money. Why not? If you are able to buy things for it, it is possible.

It is indeed since if you really look at the previous price of Bitcoin before it was just a cent per BTC because the demand is still low. But when people start to adapt to it and start using it as a mean of payment for every transaction across the globe. Then the price starts to grow as more people starting to use it then it spread like a wildfire across the globe.

oseikuf44

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If Gold, Stocks or houses has no value and hence not money so then is Bitcoin. If they are have value and is money so is Bitcoins. This erroneous that Bitcoin has no value and is not money must be denounced by any investor. Bitcoin is acquired with money and hence the value of Bitcoin is the money that is represented at a market rate at that particular time.

ONEnergy

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Just remember Total supply is only 21 mio. Yes, there might be supply increased but only in case, 51% of miner agrees to that which is very unlikely.

If you only have one you will be one of the lucky one to poses that much. Once it goes global there is no way to get one even if will be rich in a matter of fiat.

If I go out on a street and offer fiat or crypto for free I think 90% will still choose fiat. But this will change in a few years. Just a proof we are still early adopters.

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