Bitcoin is not backed by any physical asset like Gold nor by any fiat currency.
It's not backed by anything, because it is itself an asset. 
Topic: Does Bitcoin have any real value? - page 14. (Read 2308 times)
There are several values such as intrinsic, personal, market. Bitcoin doesn't have intrinsic value, but that's the only value it lacks of I can think of. There isn't such thing as “real value”. If something is useful, we say that it's valuable. If some people consider Bitcoin useful, then it automatically makes it valuable for some. Thus, if you ever want to buy Bitcoin from those people who consider it valuable, you'll have to pay based on its market value.
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.
Bitcoin is not backed by any physical asset like Gold nor by any fiat currency.
Bitcoin doesn't need to be backed by anything. Bitcoin backs (will back) other stuff just like how gold used to do it. So your question is fundamentally flawed. 1 bitcoin = 1 bitcoin as it was in 2009 and it will be in 20100.
It makes me wonder if I should invest/trade in Bitcoin or not?
Thousands of people became millionaires thanks to bitcoin. All those people can't be wrong, can they? Do you want to get rich? Then yes yes and YES, buy it. Not? Then enjoy staying poor.
if it has no real value then there is no supply and demand ,no market ,unpopular ,That's it !
actually in unity the real value in bitcoin is this that has been posted by Jawhead999
real value very true
the answers from community friends in above are very clear ,OP should be reading
actually in unity the real value in bitcoin is this that has been posted by Jawhead999
real value very true
The real value of Bitcoin is 1 Bitcoin = 1 Bitcoin, it will never change and always 1 BTC = 1 BTC.
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?
there is no prohibition on invest/trade bitcoin it's up to you ,for sure you don't sell at a loss ,that's it ! the answers from community friends in above are very clear ,OP should be reading
Any physical value, pretty sure bitcoin lacks that part. But it's not important, the code that it has and the faith that the people have in bitcoin is an enough reason to consider bitcoin as a valuable asset especially in this modern world slowly ascending towards technological advances.
^ To make it clear with your point, BTC has become valuable because of us, the adoption, and the stronghold of each holder who believes that BTC is profitable in the future. The more who believe in BTC the more the price flies high. BTC has no real value because it fluctuates every now and then and the value was based on the demand and supply, so there is no real value but as we have experienced, BTC has been increasing price since the start of creating BTC. Nevertheless, you cant compare the physical valuable assets versus the virtual ones, BTC was a pure code powered by blockchain technology.
Any physical value, pretty sure bitcoin lacks that part. But it's not important, the code that it has and the faith that the people have in bitcoin is an enough reason to consider bitcoin as a valuable asset especially in this modern world slowly ascending towards technological advances.
I don't think there's no definite answer to that, for me there's really no physical value to bitcoin, it's kind of the same as fiat, it's the people that makes the value for those things
Difference b/w Bitcoin and FIAT is that FIAT is backed by central government and that's something missing in BTC. Probably that's why we see so much volatility in BTC price.
I do agree that bitcoin is just a piece a code and this code has made it to 60k$ in just a decade. The reason why I am investing in BTC is that it has a community that is present everywhere in the world and its growing. In the end, its just your personal decision why you invest in anything. @DannyHamilton very well explains this.
Gold is not backed by any asset like Bitcoin, nor by any fiat currency. It makes me wonder if I should invest/trade in gold or not?
Fiat currency is not backed by any physical asset like Gold or Bitcoin. It makes me wonder if I should invest/trade in fiat or not?
Bitcoin doesn't need to be "backed" by anything. It is an asset. It has use. It has value. It has demand. It has supply.
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?
First of all even gold or fiat currency isn't backed with physical assets because gold itself is already a physical asset.
Well it's up to you wether you'll trust bitcoin or invest/trade in bitcoin or not.
Here's a video you might interest in to help you decide if you should invest in crypto or not. And do add some more research for yourself.
https://m.youtube.com/watch?v=eJfN9bR1Ox0
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?
I believe no one is pressurizing you to believe in Bitcoin and crypto currency generally and at the same time know should force you to trade Bitcoin for you to make a living for sure that you don't know how to trade Bitcoin based your question above. Why do believe in your gait currency and why do you believe gold, is it because it is supported by the government of your country and has your government ban Bitcoin and crypto currency In your country? The early you realize you are making a big mistake the better for you because at the end of the day you will have no one but yourself to blame. 
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?
Anything has their own value it only depends on who would look at it,Not everyone would appreciate something the same way other see's it.
And if you really want to invest on crypto you might as well study it first learn things about it not just jump in because of others success.
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?
BTC is actually an speculative asset which has a significant value based on its demand and we've seen the progress of BTC for the past years which enables it to reach a 65k all time high value. Now if you can handle the volatility of the market, then it might be good for you but dont even think about diving in BTC if its not.
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 still don't have a brief research about bitcoin, then investing with it shouldn't be for you. Cryptocurrency Bitcoin still in a volatile character because that belong to that category, and digital currency only depends on the number of holders and not controlled by an underlying economy. Only thing I am certain here is that, when you review about the past history Bitcoin only got $700 that time of 2016. Nowadays it reached $48k, that's the proof of its strongholds until present despite of fluctuating market.
OP, the decision is yours. If you still have doubts about investing / trade in bitcoin it is because with all the information that there is it is not enough for you.
I would recommend that you create an account on any global exchange and observe the markets that at some point you will also use and notice the dynamism and the amount of transactions, sometimes almost instantaneous.
This experience will tell you about the supply and demand of bitcoin and will encourage you to invest in either bitcoin or any other coin.
I would recommend that you create an account on any global exchange and observe the markets that at some point you will also use and notice the dynamism and the amount of transactions, sometimes almost instantaneous.
This experience will tell you about the supply and demand of bitcoin and will encourage you to invest in either bitcoin or any other coin.
if you don't know if bitcoin has value or not then don't buy bitcoin.
Just take a deep research on bitcoin first so you will know its real function and its real value. Then maybe by that time, you will know already if it has a real value or not. There might not be millions of people who come to know and invest in bitcoin if it has no real value at all. You may not see it physically, like you used to see in gold, but you will know its real worth eventually if you start investing and end up gaining huge profits. One thing i can suggest, just don't bother investing if you are not sure of it from the start. It will only give you a headache.
These are common questions and had discussed many times on the forum. If you spend a few more time on the forum then you will get your answer. Many users already replied to your thread, so hope you got a few basic ideas. I want to add few more things.
Before investing anywhere you should research very well in any field, either on Bitcoin or real life. Since we are talking here about Bitcoin investment then we should know what is that and how it works. Bitcoin wasn't created as an investment scheme to be honest if you read the history. But due to popularity and volatility, we make it as an investment s heme. But the reality is, we are buying Bitcoin which is cryptographic electronic money. This isn't backed by any single asset, but this is backed by the worldwide community.
If you don't know the history of Bitcoin then learn first. Then the fear will away from you. It's a virtual currency, doesn't necessarily to backed by any assets, and Bitcoin mining continues. The total circumstances are different from fiat or Gold.
Before investing anywhere you should research very well in any field, either on Bitcoin or real life. Since we are talking here about Bitcoin investment then we should know what is that and how it works. Bitcoin wasn't created as an investment scheme to be honest if you read the history. But due to popularity and volatility, we make it as an investment s heme. But the reality is, we are buying Bitcoin which is cryptographic electronic money. This isn't backed by any single asset, but this is backed by the worldwide community.
If you don't know the history of Bitcoin then learn first. Then the fear will away from you. It's a virtual currency, doesn't necessarily to backed by any assets, and Bitcoin mining continues. The total circumstances are different from fiat or Gold.
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Bitcoin is not backed by any physical asset like Gold nor by any fiat currency.
Every commodity that has a relative price does have real value. Back to your question.Yes, and Gold is also not backed by any physical asset but Gold is a physical asset itself. However, Bitcoin or Gold don't need to be backed by any fiat currency before it can be considered as an asset, not even the fiat currency that's backed by the government that cant be totally trusted.
It makes me wonder if I should invest/trade in Bitcoin or not?
If you think much about the negative thing said about Bitcoin you may miss the opportunities it represents but if people like Kiyosaki whose have to make a lot of people Millionaire through his economical knowledge and novel considered Bitcoin to be the future of financial investment said it publicly. Besides, if the financial institution also invested in Bitcoin what proof do you need to understand the potential of Bitcoin. 
How do you derive the term real value? The fiat is determined by global standards and the demand and supply and same is the case with bitcoin also.The market forces of demand and supply determines the real price of bitcoin and you can buy/sell at that price so how do you recognise the real value of any assest? The gold standards have been taken off long time and still government don't disclosure these things so don't get fool with gold or silver backup.If you can purchase something with bitcoin it means it has value.
if you don't know if bitcoin has value or not then don't buy bitcoin.
Gold
- Scarce - The annual production is known, the supply grows slowly and in predictable way. There are few available, is scarce.
Wait, is it really? If a gold mining company/entity manages to mine X amounts of gold, is it even broadcasted to a certain entity(probably besides the government for taxes)? Do we even have an official "X amounts of gold mined this year" metric? We don't even know how much gold is left on earth.
I've heard that the annual production is correlated with the price, and is know, don't have the source.
Maybe, maybe not. But regardless even if it's the case that it's correlated, gold's "annual production" metric is definitely going to be inaccurate as heck, as the metric would be based on assumptions, not factual data.
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 Bitcoin to be backed by physical assets, you could simply and securely print the private keys on any physical asset(or link the keys to the asset), anyone who owns the private keys owns the physical asset, or anyone who owns the physical asset owns the private keys, and the coin with the private keys will be considered backed by physical asset. .. It's just as simple as that. I don't think fiat or even Gold can do this
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