Does bitcoin has any intrinsic value? - page 2.

Moblie_Legend

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Quote from: cryptotezi on May 22, 2018, 09:14:36 AM

I am really thoughtful to know that why btc has so much value than other cryptos. Does it has any intrinsic value??
What's your opinion??

bitcoin value and price have value only for bitcoin investors for people who do not understand with bitcoin is totally worthless, if the bitcoin price is big it must be due to increased interest and movement of investors

freestyle112

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I think the role of Bitcoin in cryptocurrency is to escape the government's supervision. You can evade taxes. Illegal funds can be transferred.

zorko34

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Yes of course BTC has an intrinsic value as many other cryptocurrencies!
someone wrote a formula for this, I don't remember who, sorry...
I think he's an US analyst!!

heinz

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Bitcoin will always have the value that hte people want to set to it, and there is no way to change it unless that you have other bids for it, that is the how it works

lotakasa

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I never thought that someone would actually ask a question like this. Well I have thought about this also have bitcoin really have intrinsic value and as usual reading the comments below will help me more. It does not have any intrinsic value

Patatas

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Most of the good threads like these are open buried deep down under pile of spam.
Bitcoin definitely has intrinsic value and that to sum it up in a one word would be "Consistency"

Quote from: ClaytonLWils on June 14, 2018, 01:29:40 PM

I do think so. Since bitcoin is accepted by most of the people and it can be used both as asset and currency for payment system, it must hold some intrinsic value. And the value will increase with time, I believe.

The value it actually holds is the Blockchain's first successful implementation which revolutionised the payment system and have the potential to make fiat go obsolete.

Quote from: Google+ on June 14, 2018, 12:58:34 PM

bitcoin has no intrinsic value because bitcoin is only limited to digital currency if you talk about value then bitcoin can only have value when bitcoin in digital world like digital currency and other cryptocurrency.

So shares and such also do not have intrinsic value according to your logic? I await your response if you are not bullshitting.

ClaytonLWils

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I do think so. Since bitcoin is accepted by most of the people and it can be used both as asset and currency for payment system, it must hold some intrinsic value. And the value will increase with time, I believe.

Google+

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bitcoin has no intrinsic value because bitcoin is only limited to digital currency if you talk about value then bitcoin can only have value when bitcoin in digital world like digital currency and other cryptocurrency.

AK47-

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Quote from: cryptotezi on May 22, 2018, 09:14:36 AM

I am really thoughtful to know that why btc has so much value than other cryptos. Does it has any intrinsic value??
What's your opinion??

Does fiat have any intrinsic value? No!

If Bitcoin doesn't have any intrinsic value, it has limited supply and trust which can help in growing Bitcoin's price over long term. Government and central banks have always controlled the financial system. They have sought restrictions on choices available to individuals with their assets and currency. Bitcoin is a revolutionary form of currency which lays freedom in the hand of Hodler. No third party is involved in transaction and this will help in evolving Bitcoin.

Ch01ce0N3

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Yes, I think so. As a vioner, btc has a different value than any other cryptocurrency. Btc inspires many orant to create and develop new cryptocurrency.

adeola1

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clearly bitcoin has inherent esteem, since it can be utilized as a simple and moment installment instrument for the world, likewise its unknown nature influences bitcoin to can be utilized to store and execute by anybody. The esteem is gotten from individuals' eagerness to acknowledge and utilize these types of installment as a methods for trade.

Dmitry.Vastov

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Quote from: cryptotezi on May 22, 2018, 09:14:36 AM

I am really thoughtful to know that why btc has so much value than other cryptos. Does it has any intrinsic value??
What's your opinion??

Intrinsic value is the calculated value of company including tangible and non tangible factors , also called true value. The intrinsic value may or may not be equal to true value. No doubt bitcoin has highest valuation among all crypto currencies and I guess this is all because of millions of investors that bitcoin have and lacked by other crypto currencies and yes bitcoin too have intrinsic value also because the the inflation in valuation of bitcoin is very solid.

tabas

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Quote from: nickmax on May 25, 2018, 08:05:22 AM

Bitcoin has its own intrinsic value due to the huge amount of equipment for mining and spent on the extraction of coins of electricity. In addition, the number of stores that take bitcoin as a payment for their products increases day by day.

Another thing is the number of people who are buying bitcoin and this adds the value of bitcoin and makes it higher.
Higher demand, higher price of bitcoin.

Wickedwitch28

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Of course! Bitcoin has an intrinsic value. Bitcoin is the oldest coin in crypto world market. Lots of people are using bitcoin because you can easily pay payments and any other transactions. Other than that, bitcoin helps people to make a bigger profit that can help our daily needs.

dutchkay

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Yes i believe that bitcoin has more intrinsic value than every other cryptocurrency out there. The history of bitcoin itself speaks for it. grew from nothing to something. Best ever traded, every single coin must have it as a trading pair. Its the dominance coin in the market and also controls the fate of other coins. All these have already shown it's worth and value.

badakjawa

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Yes, of course. bitcoin has an intrinsic value, if bitcoin has no intrinsic value, then there will not be many investors interested in storing their assets in bitcoin.

good security, high fluctuations then can make people become rich quickly, decentralization system, cannot be affected by the global crisis is the value of bitcoin intrinsic.

ladydark

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Yes it has some intrinsic value as during mining process,lots of electricity is consumed to mine bitcoins.B bitcoin's price is mainly driven by the community support.

zolfa

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the wrong analysis if we say that bitcoin has no intrinsic value.

with bitcoin, users can make large transactions in the form of a message on a global scale and noted by blockchain.

intrinsic value is not only luxury, but divisibility, fungibility, and scarcity are also intrinsic values, but they are not a necessary condition for intrinsic value. because the intrinsic value is created.
until today, the bitcoin intrinsic value is greater than the value of other commodities.

Shenzou

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Quote from: cryptotezi on May 22, 2018, 09:14:36 AM

I am really thoughtful to know that why btc has so much value than other cryptos. Does it has any intrinsic value??
What's your opinion??

Of course not only bitcoin has a high value but that value comes from an actual asset, it is based on transaction and data transfer between people, unlike fiat money that was created by governments which was backed by gold at first and they they decided to consider paper has a value because they have the power to say so, and that is what make using bitcoin has a meaning in it and that is why governments are so afraid of it.

poplolnman

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because bitcoin has these three factors, that's why bitcoin has more value and an intrinsic value than other coins.
The first bitcoin is able to transform the Internet from a data transfer system into a value transfer system. the second is the cost of bitcoin transactions are very cheap even close to 0, providing more benefits for users when compared with the cost of credit card transactions that reach 5% of the total money spent.
the three ease of detecting cheating in the system.
bitcoin is very different from other coins. uniquely, bitcoin developers are promising an increase in bitcoin scalability through a new method named (SegWit) to provide additional space for more transactions. with increased scalability, then the problem of increasing transaction costs is expected to be overcome. bitcoin values are also distinguished from the problem of rising, the cause of the bitcoin price increase is due to the increase in technology promised by bitcoin through system changes and the legalization of bitcoin usage in japan.

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