Topic: is bitcoin having real value? - page 2. (Read 4447 times)
if it didnt have value in the 1st place, i think bitcoin would have been more in the dark.
hello i ahve doubt i.e bitcoins are distributed freely for mining
so my doubt is bitcoins are really moving based on real money i.e
suppose in first say example 1000 people have bitcoins i.e distributed using mining
so for these people how the value of bitcoin paid i.e is this money paid by later investors?
i.e my main doubt is bitcoin has real money
and why for mining giving bitcoins and how it useful to bitcoin
or is this all just another virtual scam?
so my doubt is bitcoins are really moving based on real money i.e
suppose in first say example 1000 people have bitcoins i.e distributed using mining
so for these people how the value of bitcoin paid i.e is this money paid by later investors?
i.e my main doubt is bitcoin has real money
and why for mining giving bitcoins and how it useful to bitcoin
or is this all just another virtual scam?
Bitcoin is a very same scam as fiat curreny is. Both isn't covered by anything, only people trust and mining is just brilliant way to solve bitcoin "money" supply.
You cant make them out of thin air, like banks do with money and cant throw them in place all at once, then only few first people would became BTC owners.
well i just bought an iphone 5 with bitcoin, so yeah it has value.
Bitcoin has what is known as intrinsic and intangible value. it is valuable because we say it is valuable, just like gold.
Read this New York Times articles. http://dealbook.nytimes.com/2014/01/21/why-bitcoin-matters/?_r=0
As for the volatility of bitcoin, it's true there's no central bank that serves as a reserve to back it up. The people who back them up are the ones who see enough values in security, privacy, and the convenience to exchange their fiat currency and golds for the bitcoin equivalent.
As for the volatility of bitcoin, it's true there's no central bank that serves as a reserve to back it up. The people who back them up are the ones who see enough values in security, privacy, and the convenience to exchange their fiat currency and golds for the bitcoin equivalent.
Bitcoin has real value also as a store of value, I can use BTC to purchase an infinite amount of tangible goods so it is really worth something.
Yes, bitcoin have real value cause you need a lot of hardware, electricity and time to create it.
That doesn't really matter, the cost of mining can provide some psychological indication to where the BTC price should be, but it doesn't create the value. Example:
If I buy very expensive paint, brushes and canvass, then spend 100 hours on painting and (since I can't paint a shit) my finished painting is butt-ugly and no one wants to buy it at any price - then (despite the costs) it won't have any value.
This isn't really true. Gold has intrinsic value because it is a metal and a precious one at that. You can makethings out of it, and not just jewelry.
Yes, you can use gold for other things. But most of its value is the general consensus that the gold is valuable. If all of a sudden all the people stopped recognise gold as a 'store of value' or investment, its price would fall by something around 80-90% (I've seen some analysis the other day).
Helium (the gas used in the balloons) is pretty rare and we may run out of it soon, but it's not considered valuable. Link
http://chemistry.about.com/b/2013/12/02/will-we-run-out-of-helium.htm
Maybe investing in helium isn't a bad idea?
its safe to say that if it didnt have real value, we all woundt have been doing bitcoin right.
its only when people started to buy things with it, and selling bitcoin for cash made a huge spark for most.
its only when people started to buy things with it, and selling bitcoin for cash made a huge spark for most.
Gold has value and its used 90% in jewerly only... no real usage, no special properities. Gold is useless, but people just agreed that gold has value.
So it has.
So it has.
You sir, get an A+ !
My first lesson in BTC was that no money has value beyond the perception of value. Gold is a shinny rock, dollars are fancy paper. It is our belief of value that is central.
This isn't really true. Gold has intrinsic value because it is a metal and a precious one at that. You can makethings out of it, and not just jewelry.
Gold is the original POW money, not like any fiat.
Gold has value and its used 90% in jewerly only... no real usage, no special properities. Gold is useless, but people just agreed that gold has value.
So it has.
So it has.
You sir, get an A+ !
My first lesson in BTC was that no money has value beyond the perception of value. Gold is a shinny rock, dollars are fancy paper. It is our belief of value that is central.
This isn't really true. Gold has intrinsic value because it is a metal and a precious one at that. You can makethings out of it, and not just jewelry.
iti s regulated by supply and demand
Bitcoin doesn't have any intrinsic value in and of itself. People give BTC its value by willingly exchanging it for something that is already considered valuable like the dollar.
However even if nobody else agrees that it has value, it still remains valuable to the miner by virtue of associated mining costs, electricity, hardware etc. Miners pay real money to 'make' Bitcoins but it's all a gamble.
However even if nobody else agrees that it has value, it still remains valuable to the miner by virtue of associated mining costs, electricity, hardware etc. Miners pay real money to 'make' Bitcoins but it's all a gamble.
Bitcoin is a token that represents a fluctuating amount of fiat. We use it instead of banks, paypal and whatnot because it has qualities the others cant touch. Decentralized - What gets sent got sent and can't be undone and taken away. Speed - It's about as instant as instant gets (unless you count confirmation, even then it's still faster than credit cards and most bank wires) Secure - You can't hack bitcoin.
So the value is in those benefits listed above.
So the value is in those benefits listed above.
Gold has value and its used 90% in jewerly only... no real usage, no special properities. Gold is useless, but people just agreed that gold has value.
So it has.
So it has.
You sir, get an A+ !
My first lesson in BTC was that no money has value beyond the perception of value. Gold is a shinny rock, dollars are fancy paper. It is our belief of value that is central.
Gold has value and its used 90% in jewerly only... no real usage, no special properities. Gold is useless, but people just agreed that gold has value.
So it has.
So it has.
The best argument for bitcoin having value is because you can buy stuff with it. When I buy a pound of gold, I assume to seller sees the value of my bitcoin as greater than the value of his gold.
Yes, bitcoin have real value cause you need a lot of hardware, electricity and time to create it.
for me, cassimares have right, Bitcoin has a value of hardware, electricity and all that is needed to create it!
Yeah it does.. If it doesnt, then what am I doing here?
There's nothing distributed they are working for it. You have half information there you should read more about it.
That, You can visit Mining section to know more about it. well I bought a amazon gift card with bitcoin.. so yes people consider it real value. 
Not just that. There are lots of products for sale for btc, that alone is good enough proof that btc has value.
yeah... you can buy lots of products with bitcoin: funerals, boob reductions, face punching services, guns that point backwards, etc..
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