Topic: How does a Bitcoin have any value? - page 6. (Read 1104 times)
Every thing which is the popular and trusty of the people they would highly valuable in the market So bitcoin is using by many people of the world that's why bitcoin is valuable in the market. It is good to use this currency for future and the investment in this currency is very profitable the value of this currency is more than any other currency of the world.
I am also wondering how bitcoin have value. And its value is too high. Bitcoin cannot even use offline. But many of us want have more bitcoins. And we trade and invest to it.
There is no as such wonder blunder in the bitcoin world. We are the only one who are buying the bitcoin and thus putting x value into it by raising its market cap. This is just maths that works on the principle of buying and selling of this currency or any kind of assets in the world.
Quote
Bitcoin cannot even use offline.
Who says we can’t use it offline. We can use it off line for sure with bitcoin debit cards and with services like moxyone. Don’t say that as you are making the people nervous who invested millions to create such crypto debits cards.
Bitcoin does not have an absolute value like a 5 or 10 dollar note or any currency of some sort.
What I am asking is how does a bitcoin have any value? What is the basis in calculating the value of bitcoin nor which aspect that contributes in the value of bitcoin. I know that bitcoin does not have absolute value because it will be based on the supply and demand of it.
Bitcoin value is based upon its Demand and Supply elasticity for goods and services its used for. The people's belief on Bitcoin as pioneer on line Digital currency also plays a vital role in this regard.
This is the answer what I am looking for. One aspect that affect the value of bitcoin is the people's belief on bitcoin as pioneer on digital currency. Thanks for sharing your thought. According to statistics almost 90% supply of bitcoin was taken by few people and they call them whales, what would happen if they sell all their bitcoin?
Bitcoin is a new technology with unique features - it is an irreversible interpretation that transfers this amount and savings. It's free from censorship and other attacks. It has the power to seize authority (directly or indirectly by inflation). At the beginning (year 2009) Bitcoin had no value, but the above list became attractive to the people because they did not want mine and proposed the first deal for the dollar. So, the first value is established as such. Then, it is strengthened - saw more people could sell Bitcoin - and apply the unique feats that keep the Bitcoin conservation / space / price. Bitcoin has really not changed the life of many people I believe there is no reasonable way to help determine the real value of bitcoins. Bitcoins are valuable as collections. The number of people using reliability as their "protector of value" depends on them. More people believe Bitcoin, more confident people will remain within this payment system.
Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars.
Rather, Bitcoin appears to have value for the following reasons: It is popular.
In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin.
Popularity is not the reason why bitcoin is now valued by people rather because it is very beneficial. I believe that Satoshi Nakamoto readdy made this stage of bitcoin he prepared for this, he gives effort and he give his whole knowledge on how btc become valuable to all people so not popularity but because bitcoin is very potential coin. Rather, Bitcoin appears to have value for the following reasons: It is popular.
In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin.
The availability, or unavailability of sellers of Bitcoin could determine it's value as less of it usually increases the price
In short you are asking why bitcoin has a value right... well it is easy to say because it has price but for me it is the security and the volatility of bitcoin. the price increases in just a matter of short time and you can always trade it if you are patience is enough. then you will have a profit
Bitcoin value is based upon its Demand and Supply elasticity for goods and services its used for. The people's belief on Bitcoin as pioneer on line Digital currency also plays a vital role in this regard.
I am also wondering how bitcoin have value. And its value is too high. Bitcoin cannot even use offline. But many of us want have more bitcoins. And we trade and invest to it.
Yeah that also what I am wondering too. If it because of the technology behind it, I think its not worth almost 20000 dollars. Because well in fact the transaction charge of bitcoin is so much high. In comparable of ripple which has low transaction fee below one dollar and faster transfer rate.
I respect you thoughts. But BTC is a digital currency with block chain based and modern world is will fully devitalized with block chain. So BTC value is high as it is using latest technology of the world.
Can you think how did the US dollar got its value? How did our currency now got its value? Whatever your answer is the same with bitcoin. Bitcoin has been created to make a peer-to-peer transaction without the use of third party services. People trusted bitcoin like they trusted the fiat money that is why bitcoin got its high price now. TRUST is the answer why they got value.
The biggest advantage of bitcoin is the anonymity and absolute security. This is a great advantage that bitcoin has compared to the previously impossible currencies, which is very beneficial for financial systems around the world. That is why bitcoin is very well received in countries with technology priorities such as Japan, Korea, the United States.
Fast transaction, the Cheaper transaction fee(but nowadays it doesn't), Anonymity of the user, The supply and demand of it in the market, And the last of all its adoption rate is rapidly growing.
I don’t think the value of Bitcoin comes from being popular. Yes it is popular, but that’s not what makes it valued. The only thing that matters, which is the thing that gives it its value is how much money that is being invested in it by the people. Being just popular makes no sense.
Well, the popularity makes sense in its own way, cause if nobody knows it, no one will invest in it. I’m just trying to explain where the value comes from.
Well, the popularity makes sense in its own way, cause if nobody knows it, no one will invest in it. I’m just trying to explain where the value comes from.
how do you think gold is valued more than other asset,it is just simple -perception and scarcity.nobody knows how an asset gain its value,it is just perception that a commodity is used to trade item between two or more entity.government design fiat currency and make it is value from null to some value ,it is just acceptance of community to accept an asset as a means of payment,bitcoin is first of its kind so community accepted it and rest whales do manipulation to manipulate it.
It is not simple to understand how a currency worth is it is managed through a proper strong system and thus after the initial coin offering the interest of the public and the people trust this for the future make the currency value for life time. For the first time it is not so hard to know the currency future but this happen sometime that the bad news have brought some panic in the market for which the market disturb for little time period.
Can you think how did the US dollar got its value? How did our currency now got its value? Whatever your answer is the same with bitcoin. Bitcoin has been created to make a peer-to-peer transaction without the use of third party services. People trusted bitcoin like they trusted the fiat money that is why bitcoin got its high price now. TRUST is the answer why they got value.
I am also wondering how bitcoin have value. And its value is too high. Bitcoin cannot even use offline. But many of us want have more bitcoins. And we trade and invest to it.
It is a digital commodity which is based on blockchain tech which makes it very unique. It has fixed supply and around the globe any one can invest in it that is the reason bitcoin have value.
Then why are we here If bitcoin don't have any value then other token too dude its crypto currency
All this is just experiment and became indemand in the near future bitcoin will help us much more bigger
Ohhh I wonder why my friend asking me if I want to sell my coc account to him
Its just a game but he's spending money for this are this valuable
All this is just experiment and became indemand in the near future bitcoin will help us much more bigger
Ohhh I wonder why my friend asking me if I want to sell my coc account to him
Its just a game but he's spending money for this are this valuable
Jump to: