Topic: Does Bitcoin have any real value? - page 4. (Read 2318 times)
I dont think any assets like gold, platinum or fiats are backed by. The same with Bitcoin. As everyone is investing in Bitcoin and it's price is $30k+, yes it has value. We have more demand for it in the market. If you feel that any share has value in the share market then yes Bitcoin has value obviously. And yes if you ask me, yes we can invest in Bitcoin. Many have earned huge investing on bitcoin. It has value.
Bitcoin is valuable no doubt as it has helped a lot of people in various ways. Sending funds to loved ones and it's purchasing power is top notch almost everywhere in the world.
Having no physical form brings a question to its value cause no one could physically see it to assess and put a value to it.
Countries accepting bitcoin as legal avenues to do transactions seems to think highly of its value.
Having no physical form brings a question to its value cause no one could physically see it to assess and put a value to it.
Countries accepting bitcoin as legal avenues to do transactions seems to think highly of its value.
are we really still having this conversation? lol bro.. its not 2015 anymore - the world has valued it at 40k for a reason.
in terms of ownership and value of bitcoin I think it is very real as gold and fiat only system and growth in value between them are different
I myself think something that is priceless in reality will be left behind and thrown away while bitcoin is not, bitcoin is bought and stored because it has real value
I myself think something that is priceless in reality will be left behind and thrown away while bitcoin is not, bitcoin is bought and stored because it has real 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?
One thing that made Gold and fiat currency have real value is that Gold and fiat currency is a believe system that works, so when you compare this two things with Bitcoin , tell me why will Bitcoin not have real value even when it's even more transparent than fiat currency today in the sense that we know how many number of Bitcoin that will be in circulation while for that of fiat they keep printing almost that's printed almost everytime .
you have to understand is that Bitcoin has already exhibited some characteristics of Gold and fiat currency and even more qualities , so when an asset Such as Bitcoin has shown such qualities Such as
a)security,
b)store of value,
c)inflation hedge that made Gold and fiat currencies become valuable today , So why won't bitcoin also have a real value?.
So in my view this is why I will say that Bitcoin has real value and worth investing in.
I understand what you are saying but I don’t think it’ll ever be possible. Unfortunately the nations are ruled by these politicians and they won’t let anything become popular that has the power to expose them.
The number of people that support bitcoin is growing, bitcoin is getting more popular among the masses: politicians, wanting to be elected for one more term, need to take into account this fact. Corrupt politicians are protected by aggressive military forces, which, by the way, are being paid with fiat that has no real value. The army protects currency and ensures its value, but at the same time, it cannot guard the currency against natural forces such as supply and demand that rule the market. If the demand for a certain currency drops considerably, no one can protect it from plummeting. The army won't be happy about the fact that it is now being paid with the currency that quickly loses its value. The army will be looking for other sources of funding, for example, politicians who recognized and embraced bitcoin, in other words, bitcoiners who want protection and who offer a currency of real value that no one has control over. 
Since Bitcoin does not have any intrinsic value, its value is necessarily intersubjective, depending on how much each trader expects the rest of the market to behave.
Even fiat doesn’t have any intrinsic value. It’s value is set by the government which is clearly not very open to crypto.This is why there’s always a doubt when it comes to cryptocurrencies.It's not ours to evaluate, but for those who's willing to take the risk, I mean or I'm speaking behind the people who would like to invest in this asset; the value is unpredictable and there is always sway that affects the momentum and also mostly affects the investors and traders point of views.
You, as holders or investors, do need to seek for better reason on why you should take this as an asset.
Since Bitcoin does not have any intrinsic value, its value is necessarily intersubjective, depending on how much each trader expects the rest of the market to behave.
Even fiat doesn’t have any intrinsic value. It’s value is set by the government which is clearly not very open to crypto.This is why there’s always a doubt when it comes to cryptocurrencies.
There are people buying and selling bitcoin, there are people investing in assets using bitcoin, bitcoin is already legal in a whole nation, bitcoin is being legislated in many countries, bitcoin is a legal asset in many countries, but perhaps the most important thing is that there are people using bitcoin and that generates something very valuable "trust", if you do not have it there is no problem it is easy to invest in something else.
I believe one simple logic to show that bitcoin has real value to other people is to show somebody that you are converting btc to your fiat currency. How can they not believe if btc has no value if they are actually seeing that btc has fiat value. It is understandable that some people are hesitant because they feel they will be holding an asset that can easily go away, which is true. They will be holding keys to their wallet and somehow for traditional users it is quite scary.
look at the price of bitcoin year after year , you will find how much it increase for the last 13 years of existence so Yes this is still the best investment more better than Gold or Bank investing .
There are people buying and selling bitcoin, there are people investing in assets using bitcoin, bitcoin is already legal in a whole nation, bitcoin is being legislated in many countries, bitcoin is a legal asset in many countries, but perhaps the most important thing is that there are people using bitcoin and that generates something very valuable "trust", if you do not have it there is no problem it is easy to invest in something else.
I believe one simple logic to show that bitcoin has real value to other people is to show somebody that you are converting btc to your fiat currency. How can they not believe if btc has no value if they are actually seeing that btc has fiat value. It is understandable that some people are hesitant because they feel they will be holding an asset that can easily go away, which is true. They will be holding keys to their wallet and somehow for traditional users it is quite scary.
If so, then can i ask, why should we value Fiat money? After all those are nothing but a piece of papers with some paint on it! Or why should we value gold? After all it is nothing but a shiny metal with golden color lol. But you know what? A thing's value depends on how others people also think about it and how much worth they are willing to pay, when exchange. This is how the process works and this how bitcoin, fiat, gold are get valuable. Now its your choice if you are willing to buy bitcoin or not
Do you realise why the government is not in favour of Bitcoin? Because there is technology behind it which can disrupt the traditional way which they were using for their own benefits. That’s why it’s not backed by the government but gold and fiat is because neither of them has that potential. Even fiat doesn’t have any intrinsic value. It’s value is set by the government which is clearly not very open to crypto.This is why there’s always a doubt when it comes to cryptocurrencies.
No government can create money by fiat, neither can any government set a value for their own currency. Fiat currency should always be backed by something, either by hard assets directly or by other fiat monies that in turn backed by those hard assets. Even if a government says that its currency is backed by "the full faith and trust in the government that issued it", it lies. No one trusts money that has no strong support in the form of hard assets. Bitcoin, on the other hand, is a hard asset itself, which means it is not necessary for it to have additional hard assets that would be backing it up. Bitcoin doesn't have value because someone said so, but because its value is observable for everybody who wishes to see it. It has certain strong characteristics and unstoppable decentralized nature that make its superiority unquestionable, especially against fiat monies whose value depends solely on hard assets like bitcoin.
This is a very strange question. And cannot be answered without questioning your own subjective as well as objective view on what value is. Is value measured in fiat? Or maybe it is measured in gold and silver? But then how do you measure the value of fiat and gold? The amount of thing X that can be purchased with amount Y of said valuable thing? But then how do you measure the value of thing X?
Anything that is deemed as valuable has value. Otherwise value is a nonsense metaphysical thing.
Anything that is deemed as valuable has value. Otherwise value is a nonsense metaphysical thing.
There are people buying and selling bitcoin, there are people investing in assets using bitcoin, bitcoin is already legal in a whole nation, bitcoin is being legislated in many countries, bitcoin is a legal asset in many countries, but perhaps the most important thing is that there are people using bitcoin and that generates something very valuable "trust", if you do not have it there is no problem it is easy to invest in something else.
I believe one simple logic to show that bitcoin has real value to other people is to show somebody that you are converting btc to your fiat currency. How can they not believe if btc has no value if they are actually seeing that btc has fiat value. It is understandable that some people are hesitant because they feel they will be holding an asset that can easily go away, which is true. They will be holding keys to their wallet and somehow for traditional users it is quite scary.
You can get a debit card from Coinbase and spend BTC in person and online anywhere debit cards are accepted.
If so, then can i ask, why should we value Fiat money? After all those are nothing but a piece of papers with some paint on it! Or why should we value gold? After all it is nothing but a shiny metal with golden color lol. But you know what? A thing's value depends on how others people also think about it and how much worth they are willing to pay, when exchange. This is how the process works and this how bitcoin, fiat, gold are get valuable. Now its your choice if you are willing to buy bitcoin or not
How can Bitcoin be a hard asset? It’s not a tangible item which anyone can own physically. It is valuable because of the underlying blockchain technology.
You're right I meant bitcoin is not a hard asset but hard money operating on a decentralized network that ensures a strong, unchangeable monetary policy upon which everyone entering the network must agree in order to be a part of the network. Given that no one can change the properties of the network and therefore the properties of the hard currency, this system is completely trustless and incorruptible, which means it can be well used for backing fiat monies that are far less trustworthy because they are often managed by corrupted politicians who pursue their own agenda and constantly look for free financing of their evil endeavors. If a fiat currency was backed by a transparent decentralized currency that everyone can observe and verify, it would keep the people behind that fiat currency in check, ordinary citizens would be able to hold these people accountable for their questionable actions if something terrible happens. So, what gives bitcoin a real value? I think it has value because it makes ordinary people powerful enough to be able to compete with and control those with political power. Even fiat doesn’t have any intrinsic value. It’s value is set by the government which is clearly not very open to crypto.This is why there’s always a doubt when it comes to cryptocurrencies.
No government can create money by fiat, neither can any government set a value for their own currency. Fiat currency should always be backed by something, either by hard assets directly or by other fiat monies that in turn backed by those hard assets. Even if a government says that its currency is backed by "the full faith and trust in the government that issued it", it lies. No one trusts money that has no strong support in the form of hard assets. Bitcoin, on the other hand, is a hard asset itself, which means it is not necessary for it to have additional hard assets that would be backing it up. Bitcoin doesn't have value because someone said so, but because its value is observable for everybody who wishes to see it. It has certain strong characteristics and unstoppable decentralized nature that make its superiority unquestionable, especially against fiat monies whose value depends solely on hard assets like bitcoin.Even fiat doesn’t have any intrinsic value. It’s value is set by the government which is clearly not very open to crypto.This is why there’s always a doubt when it comes to cryptocurrencies.
No government can create money by fiat, neither can any government set a value for their own currency. Fiat currency should always be backed by something, either by hard assets directly or by other fiat monies that in turn backed by those hard assets. Even if a government says that its currency is backed by "the full faith and trust in the government that issued it", it lies. No one trusts money that has no strong support in the form of hard assets. Bitcoin, on the other hand, is a hard asset itself, which means it is not necessary for it to have additional hard assets that would be backing it up. Bitcoin doesn't have value because someone said so, but because its value is observable for everybody who wishes to see it. It has certain strong characteristics and unstoppable decentralized nature that make its superiority unquestionable, especially against fiat monies whose value depends solely on hard assets like bitcoin. Since Bitcoin does not have any intrinsic value, its value is necessarily intersubjective, depending on how much each trader expects the rest of the market to behave.
Even fiat doesn’t have any intrinsic value. It’s value is set by the government which is clearly not very open to crypto.This is why there’s always a doubt when it comes to cryptocurrencies. Jump to: