is bitcoin having real value? - page 4.

fathur01

full member

Activity: 700

Merit: 100

Quote from: szmarco on October 26, 2014, 05:07:44 AM

Quote from: fathur01 on October 25, 2014, 09:45:53 AM

Quote from: szmarco on October 25, 2014, 09:43:16 AM

I will pay 300+ USD for a bitcoin.
So you tell me weather it have real value.

Would you still say that if the price on the 4 major exchanges crashed to $100 and stayed there for 2 years?
Ill keep you in mind if that ever happens Cheesy

Nice.I can buy more coins if it happen.
I always buy coins with my free money.

So you would pay $300 for a coin that could be at $100 at that moment in time? whurt

szmarco

hero member

Activity: 574

Merit: 500

Quote from: fathur01 on October 25, 2014, 09:45:53 AM

Quote from: szmarco on October 25, 2014, 09:43:16 AM

I will pay 300+ USD for a bitcoin.
So you tell me weather it have real value.

Would you still say that if the price on the 4 major exchanges crashed to $100 and stayed there for 2 years?
Ill keep you in mind if that ever happens Cheesy

Nice.I can buy more coins if it happen.
I always buy coins with my free money.

JeffDeChesare

full member

Activity: 126

Merit: 100

There's nothing distributed they are working for it. You have half information there you should read more about it.

aronnov

member

Activity: 89

Merit: 10

as digital currency, of course, have a bitcoin exchange rate against the US dollar, for the current price of bitcoin exchange declined against the US dollar, it is influenced by the presence of massive sales and the dollar value of the bitcoin amerikan are now being tended to decrease ... Grin

Sunderland

sr. member

Activity: 1339

Merit: 379

Bitcoin Casino Est. 2013

Its not virtual scam , but for other altcoins yes some of them is only scam coins.
The more people buy and use Bitcoin , value will go up and when bitcoin finally ended for mining value will go high again.
But still that need more people buy and use bitcoin in this world.

Chemistry1988

legendary

Activity: 1120

Merit: 1000

Quote from: kingkedi on October 24, 2014, 02:00:38 AM

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?

It seems to me you completely don't understand how mining works at all. You should spend a few minutes reading http://www.coindesk.com/information/how-bitcoin-mining-works/ and https://en.bitcoin.it/wiki/Mining.

fathur01

full member

Activity: 700

Merit: 100

Quote from: szmarco on October 25, 2014, 09:43:16 AM

I will pay 300+ USD for a bitcoin.
So you tell me weather it have real value.

Would you still say that if the price on the 4 major exchanges crashed to $100 and stayed there for 2 years?
Ill keep you in mind if that ever happens Cheesy

szmarco

hero member

Activity: 574

Merit: 500

I will pay 300+ USD for a bitcoin.
So you tell me weather it have real value.

jjacob

legendary

Activity: 1554

Merit: 1026

★Nitrogensports.eu★

Quote from: kingkedi on October 24, 2014, 02:00:38 AM

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?

Look at the number of establishments accepting bitcoins today. It sure is real money to them.

waser12

full member

Activity: 476

Merit: 100

its because people like us that the bitcoin has value, more people buying bitcoins more it will grow, so yes it has a real value.

alistar

newbie

Activity: 42

Merit: 0

i thought it had value ever since the 1st pizza transaction.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: kingkedi on October 24, 2014, 02:00:38 AM

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?

You will need to read more. And specifically good features it offers people.

It holds value of what people will pay for it. It is like many things like gold, diamonds, etc. What someone will pay is what it is worth. That price goes up and down.

bitsmichel

sr. member

Activity: 518

Merit: 250

Quote from: kingkedi on October 24, 2014, 02:00:38 AM

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 decentralized network and someone needs to decide if a payment transaction is correct or not correct. No central authority verifies the transactions, miners do this. To understand the technology completely read the bitcoin paper. The bitcoin network is used as a transfer of virtual currency.

zoukenn

full member

Activity: 120

Merit: 100

Now I can give you this answer: Yes. But in the past, when price was increased up to 1000$, price was highly manipulated from much people. So, mainly problem of bitcoin is speculation, but:

Quote from: madken7777 on October 24, 2014, 03:09:04 AM

Bitcoin value is derived from demand alone.

And demand from bitcoin derived from the protocal, which can be easily copied; and network effect.

Here this is the perfect answer for x price.

madken7777

full member

Activity: 182

Merit: 100

Bitcoin value is derived from demand alone.

And demand from bitcoin derived from the protocal, which can be easily copied; and network effect.

hayabusa911

sr. member

Activity: 369

Merit: 250

Quote from: kingkedi on October 24, 2014, 02:42:30 AM

ok, and i appreciate your answers but before giving advice you need to know one thing

all the answers there are only understandbale for high level users

and for a newbie those are not understandable and you need to know

see in world,answering for question means answering in a way that a newbie also should understnad but several people speak crypto language saying this and that all things who knows those all how can newbie understood
i am still saying frankly how this ming works and what need of paying for mining?

Just keep reading. Spend some time on here and you will learn more and more as time goes by.

kingkedi

full member

Activity: 140

Merit: 100

ok, and i appreciate your answers but before giving advice you need to know one thing

all the answers there are only understandbale for high level users

and for a newbie those are not understandable and you need to know

see in world,answering for question means answering in a way that a newbie also should understnad but several people speak crypto language saying this and that all things who knows those all how can newbie understood
i am still saying frankly how this ming works and what need of paying for mining?

remotemass

legendary

Activity: 1115

Merit: 1016

ASMR El Salvador

Bitcoins enter circulation as rewards/payments for mining.
There is always a limited amount of BTC in circulation so by simple law of Supply and Demand there will be a market value for each BTC.
Do you understand how exchanges work?
The value of BTC is not a moral or subjective value, that is it is not the value you think bitcoins have but rather is is a purely market value.

Q7

sr. member

Activity: 448

Merit: 250

The reason why bitcoin has value is because there are people like us who determine its value. Ask yourself how much are you willing to pay for that amount of btc. The value is our level of acceptance which is giving it value

foxkyu

hero member

Activity: 938

Merit: 1000

Quote from: kingkedi on October 24, 2014, 02:00:38 AM

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?

if you can read, please discover in this forum
there is a lot of answer of your question

Topic: is bitcoin having real value? - page 4. (Read 4447 times)