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?
Honestly sometimes i think how if there are no more people who believe in bitcoin and cause it to be no value, but i am in crypto almost 7 years start from 2014 and bitcoin still survived until now, and wonder bitcoin is already created before i joined. But in case people afraid but want to try, just like other investment types. Use only money that we can afford to lose, not only about decreased value but for possibility another bad things that can come anytime. 
Topic: Does Bitcoin have any real value? - page 13. (Read 2310 times)
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?
Most things are not backed by a physical asset like gold. Unless you are buying gold.
But I can buy just about anything I need with BTC
And I can buy and hold BTC as an investment just like any other currency.
Look at some of the 'safe' stocks that people have invested in over the years.
Metals are not safe either click on the YTD price on rhodium (you will have to click on YTD):
https://www.moneymetals.com/rhodium-price
-Dave
Physically not, but we all know its true value. Investing in btc is never late its just you need a timing when to buy and with a good research you can make a big profit too.
Bitcoin is an online version and requires it to have a bit of physical value, it is quite dependent on the regulator but for now, these people remain a mystery, so it is not possible to rely on this direction to think about the real value of bitcoin. Online review will have more real value when quite a lot of resources and demand are directed to bitcoin for payment, even trying to analyze other features to combine management and transparency in contracts, the most realistic value is as you say, one investment and one profit, the transformation is obvious when we are the official testers 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 a digital currency (decentralised) not the same with other assets such stocks. so stop wondering why there's no physical asset for bitcoin, and you know what?. its good to invest with such currency because there's a freedom and for sure that's the main reason as well why a million of investors preferred decentralised currency because of privacy and such what i have mention above which is the FREEDOM and of course the opportunity from it compare to stock market that's why crypto market always rocketed when there's a good news. the value of bitcoin is solely defined by the demand on it by the people using it. it also has the same concept for fiat currency. if people don't want to use a certain fiat currency then its value will surely amount to nothing. this is the same as with bitcoin so if the people have no demands on it then the value of bitcoin will surely drop.
It’s value wll determine on how we use it on our lives,some see bitcoin no valueas they done use it but when it comes for traders or investors it i a big deal. Many were able to make profit or do businesswith bitcoin. This will only determine the value when we start to deal it in our life as using in trnsactions or just by havig it as an investment. The real value of it will be seen morein the future once the adoption get wider. 
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?
Although bitcoin does not depend on gold or currency, it is not enough to prove that bitcoin is very suitable to be used as an asset for the future because bitcoin can stand alone even if it is not backed by currency or gold, meaning that bitcoin has proven to be more expensive and more and more investors want it. invest in it. 
Bitcoin has value because we assume it has value, the same happened with all other commodities and assets that are out there, even money. Everything really. Value is an abstract concept that we base on things that are abstract themselves. So does bitcoin have value? Yes. Why does it have value? Because we said so.
the value of bitcoin is solely defined by the demand on it by the people using it. it also has the same concept for fiat currency. if people don't want to use a certain fiat currency then its value will surely amount to nothing. this is the same as with bitcoin so if the people have no demands on it then the value of bitcoin will surely drop.
To put it simply, bitcoin's value depends on how people sees it. That's basically it. Bitcoin is backed by the dollar, dollar is backed by gold, gold is backed by the people who thought gold was so valuable, spanning from ancient antiquity until now. Value is an abstract quality, but it doesn't mean it's pointless. It's the things that we treasure the most, bitcoin in this case, that defines us.
Bitcoin does not have the support of gold or fiat, but also think that gold also does not have support and currently there are still many who invest in gold. Likewise Bitcoin even though it does not have the support of gold or fiat there are still many people and large companies that are members of Bitcoin. This is a matter of your trust in Bitcoin, if you are still in doubt, you should not be rash in making decisions, find out more about Bitcoin, then you will fall in love with it. Bitcoin is indeed high risk but keep in mind all investments must have risks and profits, big risks will bring big profits too.
the value of bitcoin is solely defined by the demand on it by the people using it. it also has the same concept for fiat currency. if people don't want to use a certain fiat currency then its value will surely amount to nothing. this is the same as with bitcoin so if the people have no demands on it then the value of bitcoin will surely drop.
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Physically not, but we all know its true value. Investing in btc is never late its just you need a timing when to buy and with a good research you can make a big profit too.
Bitcoin has real value physical or digital as it has a value in fiat if we exchange it in both forms. Bitcoin is widely known that has value nationwide and most of the Government is creating a regulation about this which means Bitcoin is already accepted in the economy. Approval of Bitcoin ETF will seal this discussion because it will stable the price of Bitcoin for a proper valuation.
a guy ran a code on laptop and generated bitcoins. he sold it for pennies beacuse he burnt the electricity for it.
so today miners burn electricity and sell the coins at $20k+ to cover the electricity cost.
and new inverstors see value in it and investors keeps growing.
lets say every human soul on this planet owns some bitcoin then who would buy. i will buy cos i want more of it coz greed played its part. and price will go up coz there are only finite bitcoins. and why do i want because its the borderless high liquidity money.
so today miners burn electricity and sell the coins at $20k+ to cover the electricity cost.
and new inverstors see value in it and investors keeps growing.
lets say every human soul on this planet owns some bitcoin then who would buy. i will buy cos i want more of it coz greed played its part. and price will go up coz there are only finite bitcoins. and why do i want because its the borderless high liquidity money.
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 want to invest/trade, you don't need to focus your mind too much on it. Just do it, it is still really worth doing if you have high intention in it, the Bitcoin value fluctuates from time to time which is influenced by supply and demand, here you just have to examine when is the right time to invest/trade. What is clear is that because prices fluctuate, this provides many chances/opportunities to gain profit from crypto.
Bitcoin is an network as then turns stronger as more people is involved with it, therefore, the value of bitcoin is proportional to its adoption
thanks folks for the replies ^^
thanks folks for the replies ^^
Does gold have a fixed value? Nope, that's pretty much your answer for Bitcoin too. It's value ranges due to a variety of reasons, from the basic demand and supply, (In Bitcoin it's capped to 21 million coins), which is a large contributor to Bitcoin's value, especially as the time passes, fewer coins are actually available on the public. (Let's not mention how many are forever lost on the Blockchain).
Bitcoin isn't much different as a type of currency, as we think at least, that resemble existing fiat currencies.
Bitcoin isn't much different as a type of currency, as we think at least, that resemble existing fiat currencies.
The demand is what gives Bitcoin its value. Fiat got its value from government decree, and gold got its value from its physical properties. So different sources of value for different assets. There should not be a debate about this in the first place because we are talking about many different types of assets many different ones. Gold has its own way of projecting its value, so does Bitcoin and so does the other cryptocurrencies.
The key task of the creator of bitcoin was to develop a technology that allows transparent and at the same time anonymous payments via the Internet.
Bitcoin isn't backed by anything physical as gold or fiat. The backing is all connected to the technology. Why we say gold is valuable, because of its low availability. Gold mining process have been taking place for years, and in the same time period the volume of other metals mined is massive compared to gold. This is the reason for the increased price of gold. The same is with bitcoin, gold is all about the natural process whereas bitcoin is much about the technology backing. The limitation in availability makes bitcoin more valuable.
The true value of Bitcoin is the network, and the more people involved with bitcoin the better, in other words, the value of bitcoin depends on who is using it.
So the purpose of people investing in bitcoin is because they believe that more and more people will get involved and buy it over time which makes the demand increase and that will make the price of bitcoin increase by different values.
So it's best to dig deep and understand it well before doing it, and I'm not commenting on the difference between gold and fiat with bitcoin as many have already answered and I think the OP is quite understanding.
So the purpose of people investing in bitcoin is because they believe that more and more people will get involved and buy it over time which makes the demand increase and that will make the price of bitcoin increase by different values.
So it's best to dig deep and understand it well before doing it, and I'm not commenting on the difference between gold and fiat with bitcoin as many have already answered and I think the OP is quite understanding.
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?
This question is not for anyone else. but for yourself. what do you want to do with bitcoin? trading ? holding? all decisions in your hands. if you ask why people are still trading or holding bitcoin. there are many answers. like they believe prices will be much higher in the future . or volatile prices are of interest to them or something else.Everyone has different reasons why they want to invest or trade Bitcoin, but most people invest in Bitcoin believe Bitcoin can provide a big profit.
That's why Bitcoin is valuable for people who believe in it, if there are people who are still hesitant to invest in Bitcoin, meaning that the person
does not understand Bitcoin. Therefore, if we have any doubts about Bitcoin, don't be in a hurry to invest in Bitcoin. learn everything about Bitcoin
until we really understand. Because it's not good to invest in something we don't understand.
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?
Although Bitcoin has no fixed value like Gold but even then I think bitcoin is an asset. Because, Bitcoin is used all over the world. Bitcoin has value and it has demand. It also has supply. So i think Bitcoin is an asset. I am using it as an asset.
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