Does Bitcoin have any real value? - page 11.

goldkingcoiner

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Quote from: numberslacey on October 01, 2021, 08:06:23 AM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Well, if you absolutely need it to be backed by something physical, I would say the electricity that is produced and used for mining bitcoin is quite physical. Other than that, people have traded their fiat (which is supposedly backed by gold) in for bitcoin.

So the value seems to be quite real to me. Not sure where people get this idea that bitcoin isnt backed by anything or that its purely speculational in nature.
What even is speculation? Speculation is just guessing how much value bitcoin will obtain in the future.

The value itself isn't really speculated. Kiss

Wind_FURY

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Quote from: TinaK on October 07, 2021, 06:02:47 PM

Quote from: Wind_FURY on October 07, 2021, 05:40:54 AM

Leave OP alone now, after five pages of this topic, and ask a moderator to lock it. If he doesn’t understand why censorship-resistance, Bitcoin’s main value proposition, has value or is valued, then I believe we should neither encourage nor discourage OP. Cool

Do you think OP leave without having an idea what is the real value of bitcoin?

I’m very confident that OP will leave WITH having an idea that the “real value” of Bitcoin is what the open market determines what that real value is. Because of Bitcoin’s value proposition as a censorship-resistant cryptocurrency, as a hedge/fall back/back up to the current financial system, as an asset for self-sovereignty, and partly for speculation.

TinaK

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Quote from: Wind_FURY on October 07, 2021, 05:40:54 AM

Leave OP alone now, after five pages of this topic, and ask a moderator to lock it. If he doesn’t understand why censorship-resistance, Bitcoin’s main value proposition, has value or is valued, then I believe we should neither encourage nor discourage OP. Cool

Do you think OP leave without having an idea what is the real value of bitcoin?

OP should have a bit of research into the basic information regarding bitcoin so that OP knows its function it. If OP understands everything he will understand how to keep a good value in bitcoin as one of your best assets. I think we need to encourage people like him who have got courage on bitcoin and soon one of the biggest investors, who knows.

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Quote from: BuNga_cute on October 07, 2021, 06:59:22 AM

Quote from: Fatunad on October 06, 2021, 06:49:57 PM

Quote from: numberslacey on October 01, 2021, 08:06:23 AM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Your choice because its your money to use and not ours but as you can see then crypto market is flourishing which does simply shows that there is really a demand which it is just a waste
of opportunity if you do just let it slip specially if you do already see the chances for you to make profits then why not? Its up on someone decision to make and not ours.
Real value? it does have monetary value. Any issues with that?

People who are hesitant to invest in Bitcoin, they are indeed lacking in knowledge. In fact, if we study Bitcoin properly, there seems to be no reason
to reject Bitcoin. I, who have made big profits from Bitcoin, have no problem with Bitcoin is not backed by any physical assets. The most important
thing is that Bitcoin can generate greater profits than other assets, that's the most important thing for me. I agree everyone has the freedom to
decide whether to invest in Bitcoin or not, but if we don't understand how the crypto world works, I suggest not rushing to invest in Bitcoin,
don't invest in something we don't understand. It would be nice if first to learn Bitcoin properly, after that we all can definitely decide what we should do.

It's better to learn first the whole background of bitcoin and certainly all its basics so you won't have to question if bitcoin has its real value or not. After all your studies, then it's time you can answer your own question. If you are now convinced, then make a move. But if you are still hesitant because its not even backed by a reliable group or entity, then you're free not to invest. After all, bitcoin is only for those who understands its nature. Just come back when you think you are ready to take the risk.

Blawpaw

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Quote from: numberslacey on October 01, 2021, 08:06:23 AM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Bitcoin is backed by a powerful decentralized network. First and foremost it is a decentralized asset that doesn't need any middle man to be transacted while giving full control to the owner.

Its intrinsic value lies on it being tied to Accountability, Divisibility, Fungibility, Transparency, and Scarcity. It is Censorship free and is not controlled by any Government or corporation. Its value is determined by demand. Here's why you should invest in Bitcoin

BuNga_cute

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Quote from: Fatunad on October 06, 2021, 06:49:57 PM

Quote from: numberslacey on October 01, 2021, 08:06:23 AM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Your choice because its your money to use and not ours but as you can see then crypto market is flourishing which does simply shows that there is really a demand which it is just a waste
of opportunity if you do just let it slip specially if you do already see the chances for you to make profits then why not? Its up on someone decision to make and not ours.
Real value? it does have monetary value. Any issues with that?

People who are hesitant to invest in Bitcoin, they are indeed lacking in knowledge. In fact, if we study Bitcoin properly, there seems to be no reason
to reject Bitcoin. I, who have made big profits from Bitcoin, have no problem with Bitcoin is not backed by any physical assets. The most important
thing is that Bitcoin can generate greater profits than other assets, that's the most important thing for me. I agree everyone has the freedom to
decide whether to invest in Bitcoin or not, but if we don't understand how the crypto world works, I suggest not rushing to invest in Bitcoin,
don't invest in something we don't understand. It would be nice if first to learn Bitcoin properly, after that we all can definitely decide what we should do.

Assface16678

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Any real value, if physical then it doesn't have. But if you are talking about it being asset then you have the answer and it is YES. People are investing in BTC and kept it ever since for potential growth in its price. If you want it to have a physical value, then btc being a currency must have a chance to have a physical form.

Kakmakr

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Why does it have to be backed by something to have value? If you buy a $300 skin for a weapon on CounterStrike... does that digital item have any physical value? Does the signature on a Dollar Bill, give you more value.... than the digital transaction that you are making with your debit or credit card?

We live in a world where there are digital currencies and payment options and none of those options have "physical" value.. other than the promise of some government that it will honor that transaction. Roll Eyes

Wind_FURY

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Leave OP alone now, after five pages of this topic, and ask a moderator to lock it. If he doesn’t understand why censorship-resistance, Bitcoin’s main value proposition, has value or is valued, then I believe we should neither encourage nor discourage OP. Cool

zasad@

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Quote from: numberslacey on October 01, 2021, 08:06:23 AM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

If you don’t invest in bitcoin, then you will be among the worst investors.
This does not mean that bitcoin should be bought at any price, although a price of $ 60,000 with a 10-year investment plan can be very attractive.
Gold today is more of a problem because it needs protection, intermediaries in transactions and high taxes when buying or selling.

kotajikikox

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Quote from: Sled on October 07, 2021, 02:38:50 AM

Quote from: numberslacey on October 01, 2021, 08:06:23 AM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Either bitcoin and fiat currency doesn't have any physical asset.
Fiat currency isn't backed with any physical value, it is a government issued which people used to carry to buy certain things rather than bringing a real commodity like gold to buy some things you need or want.

but at least Fiat is physically handled not like Bitcoin that only thru internet that can be gone at any moment, though this wasn't my concern at all .

Quote

Just like bitcoin, it's your choice wether you invest or trust bitcoin to many any profits and convert it into cash (fiat). I guess that's a matter of personal choice if you should try to invest/trade in crypto.

if time comes that Bitcoin is accepted as currency in many country , conversion will never exist since directly we can use this to pay out needs to transact .

Sled

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Quote from: numberslacey on October 01, 2021, 08:06:23 AM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Either bitcoin and fiat currency doesn't have any physical asset.
Fiat currency isn't backed with any physical value, it is a government issued which people used to carry to buy certain things rather than bringing a real commodity like gold to buy some things you need or want.

Just like bitcoin, it's your choice wether you invest or trust bitcoin to many any profits and convert it into cash (fiat). I guess that's a matter of personal choice if you should try to invest/trade in crypto.

Fatunad

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Quote from: numberslacey on October 01, 2021, 08:06:23 AM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Your choice because its your money to use and not ours but as you can see then crypto market is flourishing which does simply shows that there is really a demand which it is just a waste
of opportunity if you do just let it slip specially if you do already see the chances for you to make profits then why not? Its up on someone decision to make and not ours.
Real value? it does have monetary value. Any issues with that?

Natalim

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BTC to the MOON in 2019

Quote from: adzino on October 06, 2021, 04:41:29 PM

Quote from: numberslacey on October 01, 2021, 08:06:23 AM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Did you know that fiat currency also isn't backed by any physical asset like Gold. Then why do you believe in fiat currency? Literally the government can print as much as fiat currency as they want (but they won't). Then why does it have a value? If you compare fiat with bitcoin, you will see that Bitcoin makes even more sense to have some value than fiat. Do some more research. If you are convinced, then invest. Or else don't.

Make sure that you know exactly your investment because if you don't, it will only give you frequent losses. And of course if it has a real value or not. But when it comes to bitcoin, i can assure everyone that it has a real big value. Otherwise, we will not be staying here taking the risks if its not going to give us good returns. However, there's no guarantee that the profits will be persistent, but if you know how it takes to be a profitable one, then it will always gives you an edge over the others. And as the world's keeps legalizing bitcoin, the more that it will be visible to have a real value.

Finestream

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Quote from: adzino on October 06, 2021, 04:41:29 PM

Quote from: numberslacey on October 01, 2021, 08:06:23 AM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Did you know that fiat currency also isn't backed by any physical asset like Gold. Then why do you believe in fiat currency? Literally the government can print as much as fiat currency as they want (but they won't). Then why does it have a value? If you compare fiat with bitcoin, you will see that Bitcoin makes even more sense to have some value than fiat. Do some more research. If you are convinced, then invest. Or else don't.

I know you will only convinced that bitcoin has a real value if you start investing in it or use it as part of your life. For now, maybe you are not yet making some investments because once you make an investment, then you start it believing that it will gain more value from the time you invested. Just like bitcoin, it will not create value to some who don't know it either, but for us here in the crypto community, bitcoin will always have a great value. We wouldn't be seen here almost dying to own bitcoin if we know from the start that it won't have a real value. And for bitcoin, it will definitely have a greater value once global adoption takes place.

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Quote from: numberslacey on October 01, 2021, 08:06:23 AM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Did you know that fiat currency also isn't backed by any physical asset like Gold. Then why do you believe in fiat currency? Literally the government can print as much as fiat currency as they want (but they won't). Then why does it have a value? If you compare fiat with bitcoin, you will see that Bitcoin makes even more sense to have some value than fiat. Do some more research. If you are convinced, then invest. Or else don't.

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Quote from: numberslacey on October 01, 2021, 08:06:23 AM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Have you asked why gold actually has value, and that value is constantly increasing, that is because it has a limited supply and demand is what causing the price to go up and down, and that same logic is what is making bitcoin valuable even though it is not a physical thing, bitcoin has limited supply and it is constantly being mined and at a certain time that supply will get so small, and there will constantly be a demand therefore the price will always be up, so you should defiantly invest in it.

ninkdwi

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talking about physical asset support, indeed bitcoin lost and there was no support from there, but when you see from the beginning until now bitcoin is so strong, why do you still feel unsure about it.
bitcoin adoption is increasing even since bitcoin was created until now it has reached $50k you are still not sure about it.
Being careful is very good but thinking realistically is also very important. because if we look at the many adoptions and increases in the current bitcoin price. it is very illogical to say that bitcoin is still useless and unconvincing.

Mamun74

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I Think bitcoin is a digital currency. Gold is an old asset but bitcoin is modern thing.Bitcoin is most valuable coin in crypto market. 2009 Bitcoin was satoshi but nowadays bitcoin price around $54k+.Bitcoin is not backed by fiat but i think bitcoin is trustable coin.I Think bitcoin will be more development in future.

markdario112616

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Quote from: numberslacey on October 01, 2021, 08:06:23 AM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

It's not backed as you said, but have you seen its value? Since we are talking about investments or trading, Cryptocurrencies may not have an actual or physical form and yet they come along with their own value, much better it is quite higher than the usual stocks.

In reality, all of them plays within the market just different industry. Both industries are volatile, but we can say that the Crypto industry is much riskier than usual since the market itself is pretty much unstable. But the return is much higher than the usual stocks, so Higher risk - Higher return.

Well I guess OP, is still in the denial stage wherein he/she can accept the fact that Bitcoin and Crypto industry itself is valuable despite the lack of physical asset like what have said.

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