I am glad people mostly voted "because people think it has value".
Even more correctly, it has value because someone else will value it in the future. There is a time aspect. That is why you can not deduce the current value from the number of coins and number of users. It is all speculation of what will happen in the future. This is with all money types.
Example: Let' say someone wants a bike so badly that he is willing to work for two weeks in his school summer holiday. The work will have a salary of the same as the price tag on the bike. But there is no security in this. It is speculation that the price of the bike stays put. This is not by any means guaranteed. The value of the money can go down (meaning all prices go up), or the bike specifically can go up in price. You make two deals, one before the work starts, and one two weeks later. In the mean time, you speculate that the bike price holds.
EDIT: Even better with a set of slalom skies, to focus on the time aspect. You work in the summer, and plan to buy something in the winter. In the mean time, you hold money, speculating on its future value.
Topic: [POLL] Bitcoin has actually value ? - page 2. (Read 2855 times)
I voted it only has value when people think it has value. That is how I have always thought about any assist excluding maybe gold. I don't even know if I should exclude gold. The only reason I say that about gold as pretty much every person knows of its value.
None of the above.
Bitcoin has value because it is useful.
Bitcoin has value because it is useful.
Yes of course . And it is used as a payment method for a reason. Plus, bitcoins are super useful, no need for currency conversion because it is a world wide currency and you can make business transactions in the blink of an eye. Additionally, you can gain so much from it if you invest in bitcoins
Nobody honestly values paper money for what it is, they only value it because it is backed my Gold. And a lot of people love and believe in the power of gold.
Paper money hasn't been backed by gold for 44 years.I know it is hard to extract, but there are things more difficult to get. What makes gold so special?
because it has an actual use in the industry, basically they need it, if you need it and thus you use it because it is necessary, it has value
Industrial use of gold is very low. Gold's primary use is money. It's second biggest use is in jewelry. Regardless, according to Mises' Regression Theory, something needs to have value exclusive of its use as money in order to be considered money (or perhaps good money). Gold has that quality. Bitcoin doesn't quite fit the theory even though it seems to work. So, maybe the theory should be demoted to Mises' Regression Conjecture.
Nobody honestly values paper money for what it is, they only value it because it is backed my Gold. And a lot of people love and believe in the power of gold.
Paper money hasn't been backed by gold for 44 years.
I do not understand why backing money with gold is supposed to be good, is not gold the same? Something that has value because people gives value to it? I was told once that (some) indigenous cultures did not worship gold, and those having more of it were not necessarly the richest.
I know it is hard to extract, but there are things more difficult to get. What makes gold so special?
because it has an actual use in the industry, basically they need it, if you need it and thus you use it because it is necessary, it has value
Nobody honestly values paper money for what it is, they only value it because it is backed my Gold. And a lot of people love and believe in the power of gold.
Paper money hasn't been backed by gold for 44 years.
It sure has more value than any paper currency, and people think that's very valuable.
So yes, Bitcoin has value and it will likely increase as more people find it useful.
So yes, Bitcoin has value and it will likely increase as more people find it useful.
A paper currency would have more value than bitcoin if people started valuing it.. Nobody honestly values paper money for what it is, they only value it because it is backed my Gold. And a lot of people love and believe in the power of gold. Bitcoin, however, is not backed by anything except people's belief. If one day everybody stopped giving a fuck about bitcoin, it kinda dies. Like, really dies
I think bitcoin has value. A real value ....... & u 
No doubt, in a nutshell indeed Bitcoin has it's intrinsic digital gold value and it is really incomparable with any other currencies be it conventional or other new part time cryptos.
Voted the most popular, have to add I never knew it was before voting.
The thing is a lot of people think paper backed by nothing has value, so it has value doesn't it.
BTC has value because it A, is worked for with time from many people and B, because people value BTC is why BTC has value to those that value it.
The thing is a lot of people think paper backed by nothing has value, so it has value doesn't it.
BTC has value because it A, is worked for with time from many people and B, because people value BTC is why BTC has value to those that value it.
People think btc has value, so, it has value 
basically that. that's also what i voted for. as long as we believe it has value, we are safe. i hope more people in the future will think like this.
Value is all subjective, for certain people bitcoin has huge value, for some others it worth nothing
People think btc has value, so, it has value
Everything that has value, has it because people collectively agree it has value.
Even gold is only valuable because people want it. The prices go up in part due to the finite quantity but that disappears if no one believes it has any value to begin with.
Even gold is only valuable because people want it. The prices go up in part due to the finite quantity but that disappears if no one believes it has any value to begin with.
I think bitcoin has value. A real value ....... & u
I would make multiple votes if I could, it has value because people believe it is valuable. It has value because peoples time and expense creating it is valuable. Pushed to make one vote mine was it is valuable because people believe it is valuable.
Of course it is valuable and has value. Since bitcoin is used as a payment method, an investment method, easy transactions can be made through it. It does have value. Anything that can gain some other commodity for the exchange of that item is of value.
It certainly does have value, the reason however is being discussed regarding why it has value. First of all, I'd like to say that it is not just an internet token, that statement is wrong. Bitcoin isn't backed by time, time doesn't 'back' anybody. People saying Btc has value, because, it costs to generate & confirm transactions is also wrong as the day people stop using it, there will be no transactions which means no value. It all sums up that bitcoin has value because PEOPLE value it, the day they stop that, bitcoin will come back to nothing, just digital scrap.
I think bitcoin has value. A real value ....... & u
I would make multiple votes if I could, it has value because people believe it is valuable. It has value because peoples time and expense creating it is valuable. Pushed to make one vote mine was it is valuable because people believe it is valuable.
Of course it is valuable and has value. Since bitcoin is used as a payment method, an investment method, easy transactions can be made through it. It does have value. Anything that can gain some other commodity for the exchange of that item is of value.
The market rules. I have an old picture in my wallet. It's worthless to everyone, but it's very valuable to me. Maybe 1 million people say BTC are valuable, so it's definitely valuable. That value is hardly related to the cost of mining, but everything's like that. When department stores are making sales, you see plenty of stuff with a 50% rebate. The value has changed but the goods didn't.
It sure has more value than any paper currency, and people think that's very valuable.
So yes, Bitcoin has value and it will likely increase as more people find it useful.
So yes, Bitcoin has value and it will likely increase as more people find it useful.
Bitcoin has no inherent value. Cost for creation and time doesn't matter as long as bitcoiners wouldn't believe bitcoins are worth what they are. Take that believe away and they are worth nothing. So these two answers doesn't matter really.
It's different from other things like bread or something that has a value outside of being a currency.
It's different from other things like bread or something that has a value outside of being a currency.
food and stuff like that have not an intrinsic value, they are only mandatory thing, which i find it to be different, in reality nothing has a real intrinsic value because, everything is only backed up by demand
everyhing is relative, for example for a robot foods is useless and thus it has no value at all
Though it's a difference. If you have bread then you can eat it in worst case. When you have bitcoins and no one wants them then you have nothing. The same goes for fiat paper. Things you need for your life, like things to eat, have a value in it's own. You don't need to sell them, you don't have to care about someone wanting it, you can use it for yourself.
they still have a relative value, not an absolute value, nothing has an absolute value, and with bitcoin if you think about it it's actually the same you can build something on the blockchain that would help to speed up your activity, if you need to move information to another side for example
If we didn't think it has value then I doubt we would be here. Bitcoin has more value than fiat currency which is essentially made up monopoly money that banks print on their own whim. At least bitcoin is decentralized. I think all currency should be created in such a way but obviously that's not in the interests of the powers that be.
Surely you can argue the blockchain has a value outside of bitcoin. Many things can be built on top of it so there's value there.
Bitcoin has no inherent value.
Surely you can argue the blockchain has a value outside of bitcoin. Many things can be built on top of it so there's value there.
Bitcoin has no inherent value. Cost for creation and time doesn't matter as long as bitcoiners wouldn't believe bitcoins are worth what they are. Take that believe away and they are worth nothing. So these two answers doesn't matter really.
It's different from other things like bread or something that has a value outside of being a currency.
It's different from other things like bread or something that has a value outside of being a currency.
food and stuff like that have not an intrinsic value, they are only mandatory thing, which i find it to be different, in reality nothing has a real intrinsic value because, everything is only backed up by demand
everyhing is relative, for example for a robot foods is useless and thus it has no value at all
Though it's a difference. If you have bread then you can eat it in worst case. When you have bitcoins and no one wants them then you have nothing. The same goes for fiat paper. Things you need for your life, like things to eat, have a value in it's own. You don't need to sell them, you don't have to care about someone wanting it, you can use it for yourself.
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