Does Bitcoin have any real value? - page 9.

numberslacey

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Quote from: Kimonoe on October 21, 2021, 01:54:12 AM

Quote from: Hypnosis00 on October 19, 2021, 06:18:18 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?

You might be wondering why a lot of rich people are involved here. They are investing crypto not because they look for any backup by any physical asset but they consider this as a digital investment. They find it risky (as well known) but this never gives them hard to understand and I think you can do the same if you want to.

May you have to start in small amount and for you to prove that investing in Bitcoin is worthy of your trust. Risk takers will take the risk but if you are doubtful, I guess you will not have to try.

for rich people I don't think it's a problem to invest in bitcoin even though it's high risk, but rich people certainly have money reserves, or free money that is worth developing. therefore for rich people who know the potential of crypto, then they do not hesitate to invest

As It is said, “Never put more than 5% of your investments in cryptocurrencies”. If the rich go by this advice, there isn’t much risk for them because it is just a small amount for them. But people like us have to rethink our decisions several times.

Hippocrypto

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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?

I suggest you to invest bitcoin. It is not being named as a father of cryptocurrency without nothing. It has a real value since people use this. It is use to trade, speculate, transact or use as a form of collateral for lending or borrowing, it ends up becoming valuable. Well, if Bitcoin has no value, will someone can use it? As for me, everything here is very clear, if people invest, then there is a price. If some people believes in it because they get rich through this then, it means it is valuable, simple as that. Maybe bitcoin possibly have a high risk but if you have lots of knowledge about the market and Bitcoin, well, it would be easy for you.

Nhor1011

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Daxetoken.net

Of course bitcoin has a real value. How can we use it and become our investment if it has no real value? Just a common sense. Even it is just a digital coin , it has a value the same with tangible asset and fiat currency.

rosemariefrancis

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@sheryllmcnulty there are many brokers that have minimum deposit requirements as low as $10, like finprotrading.

Kimonoe

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Quote from: Hypnosis00 on October 19, 2021, 06:18:18 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?

You might be wondering why a lot of rich people are involved here. They are investing crypto not because they look for any backup by any physical asset but they consider this as a digital investment. They find it risky (as well known) but this never gives them hard to understand and I think you can do the same if you want to.

May you have to start in small amount and for you to prove that investing in Bitcoin is worthy of your trust. Risk takers will take the risk but if you are doubtful, I guess you will not have to try.

for rich people I don't think it's a problem to invest in bitcoin even though it's high risk, but rich people certainly have money reserves, or free money that is worth developing. therefore for rich people who know the potential of crypto, then they do not hesitate to invest

sheryllmcnulty

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Quote from: rosemariefrancis on October 20, 2021, 10:46:51 PM

Quote from: Hypnosis00 on October 19, 2021, 06:18:18 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?

You might be wondering why a lot of rich people are involved here. They are investing crypto not because they look for any backup by any physical asset but they consider this as a digital investment. They find it risky (as well known) but this never gives them hard to understand and I think you can do the same if you want to.

May you have to start in small amount and for you to prove that investing in Bitcoin is worthy of your trust. Risk takers will take the risk but if you are doubtful, I guess you will not have to try.

Starting with a small amount is always the right thing, my first btc trade was just 0.001 btc. Wasn’t sure back then if crypto trading is for me.

Do brokers allow such small investments, and is it even worth?

rosemariefrancis

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Quote from: Hypnosis00 on October 19, 2021, 06:18:18 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?

You might be wondering why a lot of rich people are involved here. They are investing crypto not because they look for any backup by any physical asset but they consider this as a digital investment. They find it risky (as well known) but this never gives them hard to understand and I think you can do the same if you want to.

May you have to start in small amount and for you to prove that investing in Bitcoin is worthy of your trust. Risk takers will take the risk but if you are doubtful, I guess you will not have to try.

Starting with a small amount is always the right thing, my first btc trade was just 0.001 btc. Wasn’t sure back then if crypto trading is for me.

Hypnosis00

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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?

You might be wondering why a lot of rich people are involved here. They are investing crypto not because they look for any backup by any physical asset but they consider this as a digital investment. They find it risky (as well known) but this never gives them hard to understand and I think you can do the same if you want to.

May you have to start in small amount and for you to prove that investing in Bitcoin is worthy of your trust. Risk takers will take the risk but if you are doubtful, I guess you will not have to try.

chanler

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mulierum.com

investing in bitcoin is a profitable investment where all control is in our hands. Investments in gold or bitcoin both have their respective advantages. bitcoin has a high value in the market and it can be even higher with this ups and downs in the crypto market. if we can manage it well then we can get big profit from the bitcoin investment. although bitcoin does not have a physical form like gold or fiat but it is an asset and it is valuable, bitcoin can also be trusted and safe to invest.

Rishabh riyz

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well just because BTC is not related to any physical asset we cannot say that it doesn't have any real value , believe or not the value is at all time highest $62K now and there are millions of investors investing regardless of dependence on physical assets like gold.
BTC doesn't need to be backed up by any physical currency or asset , the demand and use of BTC is more than enough to validate it . Roll Eyes

Swapzone_pr

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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?

Yes, economic growth measurements that typically influence the value of currency do not apply to Bitcoin, you have to keep in mind that BTC prices are influenced by the following factors:the supply of Bitcoin and the market's demand for it, the cost of producing a bitcoin through the mining process, the rewards issued to Bitcoin miners for verifying transactions to the blockchain, the number of competing cryptocurrencies, regulations governing its sale and use and the state of its internal governance, news developments.

nur rochid

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I think it depends on ourselves, if we think bitcoin is bad for us, then it's better to stay away from it, because it will be bad if you force it. Of course something will have a positive impact if we are happy to do it. Don't let us lie to ourselves, because we are tempted by the money, which we hear stories from people who are already successful

zaesvlas

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And the bitcoin rate in the current currency - is it not the physical value of bitcoin?

goldkingcoiner

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A Bitcoiner chooses. A slave obeys.

Quote from: SquirrelJulietGarden on October 08, 2021, 10:32:47 AM

Quote from: goldkingcoiner on October 08, 2021, 10:29:13 AM

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

Bitcoin is backed by the mining equipments - ASICs, the cost to set up and do maintenance for mining farms, power cost. They are real inputs to mine Bitcoin so the value of Bitcoin is real and backed by several real things physically.

Bitcoin is backed by the blockchain technology and its network is actually decentralized that makes it better than many other crypto blockchains.

That is exactly right! It's backed by physical things like mining equipment, electricity, fiat money, maintenance, and much more! I just don't understand when people claim that there is nothing backing Bitcoin.

Don't people understand the value of things, even if they aren't things you can touch with your own hands and see with your own eyes?

Once you put a value into something, like Bitcoin, the Bitcoin itselfs gains value... Lips sealed

Fredomago

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Leading Crypto Sports Betting & Casino Platform

Quote from: amihada on October 12, 2021, 11:22:27 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?

I advise you to invest in bitcoin now for me bitcoin is an asset for the future so if you don't invest now then you will regret it someday, bitcoin doesn't need support from anything like fiat or gold because basically bitcoin stands alone and without support from fiar or gold, the price of bitcoin is getting more and more expensive and bitcoin is gaining the trust of investors, so bitcoin is very suitable for investment. Now bitcoin has proven itself very worthy of being an asset for the future.

Encouraging people to invest to this market should always be accompanied by good information that aside from the benefits there's also big risk behind, Bitcoin indeed don't need any backup from Fiat or gold it's more on speculative investment, if you have plans to invest with this crypto currency, make sure to check and balance everything behind proper knowledge by educating yourself will help you a lot.

Make a good use of all those advanced ideas from those people who are involved in this business. Taking time doing your research and understand the whole concept will give you broader knowledge.

The value of Bitcoin depends on every individual who invested in this market, still following the supply and demand principle.

Patigi

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Trident Protocol | Simple «buy-hold-earn» system!

Yes, it is not backed with physical asset. As it is today the world is rapidly growing digital everyday, whereas Bitcoin is one of major crypto which is generally acceptable by virtually 80% youths in the whole world, which means you can buy and sells through it in your home country and even outside your county. So since it is acceptable I think it can also be refers to as a great asset which is even more valued.

Dhaniii

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https://i.imgur.com/hgxNNiA.png

Quote from: amihada on October 12, 2021, 11:22:27 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?

I advise you to invest in bitcoin now for me bitcoin is an asset for the future so if you don't invest now then you will regret it someday, bitcoin doesn't need support from anything like fiat or gold because basically bitcoin stands alone and without support from fiar or gold, the price of bitcoin is getting more and more expensive and bitcoin is gaining the trust of investors, so bitcoin is very suitable for investment. Now bitcoin has proven itself very worthy of being an asset for the future.

I do not recommend you to invest in bitcoin but suggest that you learn and understand first about bitcoin and its market. because many beginners misunderstand the basic concepts of bitcoin so they consider bitcoin as a fraudulent investment or fraud. bitcoin is not backed by real physical assets, but the market is sure and bitcoin is high and real value.

Pejoh Asu

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In my opinion, apart from food and other basic needs, the initial value of goods or services is worthless, what makes the price is stock and users, bitcoin has a fixed stock but the number of users continues to increase so that it becomes expensive, as long as it is still actively used by the community, of course bitcoin will continue to be useful .

AakZaki

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zknodes.org

Bitcoin is backed by a very strong community, a community that exists all over the world.
Its value is increasing because we believe that bitcoin is a digital asset even more than gold.
The rate of increase in bitcoin every year has increased tremendously. Bitcoin is not aimed at ordinary people who do not accept bitcoin, bitcoin was created to overcome transactions that are difficult to do.
Currently bitcoin is supported by many countries and the limited supply makes bitcoin an increasingly scarce asset, because only 21 million Bitcoins are available.

amihada

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Next Generation Web3 Casino

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?

I advise you to invest in bitcoin now for me bitcoin is an asset for the future so if you don't invest now then you will regret it someday, bitcoin doesn't need support from anything like fiat or gold because basically bitcoin stands alone and without support from fiar or gold, the price of bitcoin is getting more and more expensive and bitcoin is gaining the trust of investors, so bitcoin is very suitable for investment. Now bitcoin has proven itself very worthy of being an asset for the future.

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