Really, why bitcoin has this value? | Bitcointalksearch.org

LUCKMCFLY

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Quote from: ninis45 on November 21, 2021, 04:59:41 PM

every thing of value must have a price speculation this happens because of the number of transactions and supply
why bitcoin from 30k to 60k and back to 30k..? this is the influence of the holders such as investors or traders who make buy/sell transactions and the most influential on the price is the issue that develops or the prohibition on bitcoin is the most dropping as China is doing at this time

Since you name China, I've seen that every time bitcoin is held accountable for going down because of China then it results in a big bullish rally by BTC, so I think every time CHINA is held accountable. , It is something very positive to BTC, previously in 2018 when there were relevant news that China was the one who lowered the price of BTC it used to affect it, not now, now I would like all the news to be attributed to China, in my personal opinion I think the The last correction of BTC was in a natural way, a correction that is healthy, which can be by the same whales that sold and wanted to buy cheaper, because less than $ 57k arrived, in fact many altcoins suffered that downturn, I think that From now on the news should be fresher and more focused on the reality of market speculation.

savetheFORUM

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Quote from: shield132 on October 19, 2021, 05:39:49 PM

At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

Your question reminds me that some people will never truly understand why crypto is high priced. It is clear that we are not going to have anything resembling instinct value in crypto. Closes we got was miners and their costs to mine bitcoin but they are mining so little compared to how many we already have, we are already close to 21 million coins, it is getting slower and slower, and we are not going to be mining faster neither, it is going to get slower.

This is why I believe that we should not be looking at "why" but looking at "how" which would help us understand the situation better. It is not because bitcoin is perfect, we all know that it is not perfect and I understand it, the main problem is that fiat is so horrible, all the other investment methods are so horrible that bitcoin seems a lot better when you compare it.

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Quote from: shield132 on October 19, 2021, 05:39:49 PM

At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

What is the reason behind that its not become natural ??Its actually market created price .I think it is increasing for its value and its creating by the whole crypto trader and investor .It is become more popular to the world and the price is really not speculative .We all know that crypto is a high volatile market that's why we love it cause we can get more return within short time .So the price is follow with our intention as well .Btc is a asset so that it will be unstoppable in the future .The price already proved to you that why is not speculative .Now its around 60k even after a huge drop and starting recover as well hope it will be huge future .

sumant

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Absolutely new style of payment has been made Bitcoin boss of money. People investing in Bitcoin in daily basis then any other products or shares. Specialist says that Bitcoin will cross 1m$ value if world 1% population know about Bitcoin so I think Bitcoin has been our part of our whole life. We cant regret all facts that's is now present to world about Bitcoin.

SmokerFace

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It all depends upon the trading. The concept of demand and supply strictly implemented on bitcoin also worldwide acceptance has granted very much importance to the bitcoin. Its demand is increasing day by the as people realize that it is worth it for them.
It's getting more and more popular day by day. So I think the fluctuation of the exchange rate should be a normal thing for bitcoin.

perfect999

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Quote from: Vaculin on November 22, 2021, 03:57:25 AM

Bitcoin is experiencing a price correction right now so its value has dumped a little, but we'll always expect that it will soon to recover again. I think bitcoin being so volatile, its no surprising that sometimes its value goes up, and the next day it goes down. That is the normal scenario for bitcoin. But knowing it has a huge demand from the community, particularly from the big institutions that are supporting it, then we can guarantee that its price movement will always go upward.

Honestly we had a worse situation in our hands before, this is still a decent deal. I remember going from 64k to 30k just 6 months ago, so this should not be scary for anyone, we all know it could have been even worse. I get that some people rather have something that is a lot better and profitable, instead of a 55k bitcoin, how about a 77k bitcoin right now? But, I know that it is unrealistic to expect something like that from the crypto world or any other financial asset to be honest.

Nothing could go up forever, they need to stay down for a while and then go back up and then down a little and go back up. That's how people make a profit, otherwise it would require everyone to keep buying and never selling. Since we know that people will not stop selling, that means we need to let the sellers get rid of their excess and then we will buy right back up and increase again.

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Quote from: glendall on November 12, 2021, 09:27:38 AM

no speculating how! With the rise and fall of the value of bitcoin, it can be said that we provide speculation when setting the selling and buying prices, where investors come and go.
bitcoin also has value because there is a community of people that have been created and the network that exists around the world that makes the exchanges possible and the underlying system with the right incentives and the right technology. this can be a factor that supports the occurrence of the current value

indeed, at the current price, bitcoin is arguably an extraordinary and fantastic value reaching 60k $ where the value of 1 digital currency that we cannot hold in its form like fiat but has a value that exceeds 1 house and even a jet plane

Bitcoin is experiencing a price correction right now so its value has dumped a little, but we'll always expect that it will soon to recover again. I think bitcoin being so volatile, its no surprising that sometimes its value goes up, and the next day it goes down. That is the normal scenario for bitcoin. But knowing it has a huge demand from the community, particularly from the big institutions that are supporting it, then we can guarantee that its price movement will always go upward.

ninis45

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every thing of value must have a price speculation this happens because of the number of transactions and supply
why bitcoin from 30k to 60k and back to 30k..? this is the influence of the holders such as investors or traders who make buy/sell transactions and the most influential on the price is the issue that develops or the prohibition on bitcoin is the most dropping as China is doing at this time

LUCKMCFLY

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Quote from: BITCOIN4X on November 13, 2021, 04:46:08 PM

Quote from: LUCKMCFLY on November 13, 2021, 04:22:40 PM

The culture of a trader is very different from that of an investor, a trader follows the line of least resistance to buy or sell, depending on what suits him the trader does not care if the price rises or falls, the trader must always be There to obtain benefits, while the investor only has to worry about buying very low and then selling high, in fact the investor when he sees that the price drops a lot in price and has the money, takes advantage and buys because he knows that that money will multiply, but As long as the price remains very high, it is not good to enter, because a fall could cause some losses, the investor should only monitor his investment.

Traders and investors always have similarities as well as differences in how they enter and when to sell. Traders only care about short-term profit while investors target long-term profit. Traders can buy at high price and take advantage of market hype to profit, while investors have to wait for a correction before they put in a lot of money. What both of them have in common is the main purpose of making a purchase where profit is expected.

Yes, in fact many investors currently investing in cryptocurrencies that I know are long-term, many are buying and withdrawing fast, perhaps because the market has favored them, I imagine that they establish their strategy, they can choose a good percentage of profits, In my case, I am a long-term trader, but I am not an investor, because the investor usually leaves their money in a currency or stock for much longer, and until they see profit they do not leave their position.

BITCOIN4X

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Quote from: LUCKMCFLY on November 13, 2021, 04:22:40 PM

The culture of a trader is very different from that of an investor, a trader follows the line of least resistance to buy or sell, depending on what suits him the trader does not care if the price rises or falls, the trader must always be There to obtain benefits, while the investor only has to worry about buying very low and then selling high, in fact the investor when he sees that the price drops a lot in price and has the money, takes advantage and buys because he knows that that money will multiply, but As long as the price remains very high, it is not good to enter, because a fall could cause some losses, the investor should only monitor his investment.

Traders and investors always have similarities as well as differences in how they enter and when to sell. Traders only care about short-term profit while investors target long-term profit. Traders can buy at high price and take advantage of market hype to profit, while investors have to wait for a correction before they put in a lot of money. What both of them have in common is the main purpose of making a purchase where profit is expected.

LUCKMCFLY

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Quote from: bengsabeng on November 08, 2021, 03:44:32 AM

Quote from: Gudhal Untu on November 04, 2021, 02:46:02 AM

I think going up or down for traders is always a profitable thing, when the price goes down then buying is a very good thing and this is what allows traders to get maximum profit, there is always an opportunity for profit as long as we are patient to wait.

in reality it is not that easy, many investors are hesitant to buy because they are worried that prices will continue to fall. many investors miss the moment when the bitcoin price is below $30k, it is because most investors think the price decline will continue. the right time to buy is indeed when the price is down but in my opinion it is much better to buy when the price has recovered.

The culture of a trader is very different from that of an investor, a trader follows the line of least resistance to buy or sell, depending on what suits him the trader does not care if the price rises or falls, the trader must always be There to obtain benefits, while the investor only has to worry about buying very low and then selling high, in fact the investor when he sees that the price drops a lot in price and has the money, takes advantage and buys because he knows that that money will multiply, but As long as the price remains very high, it is not good to enter, because a fall could cause some losses, the investor should only monitor his investment.

TheGreatPython

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I have to say people actually "needed" something like this. It is basically a statement for us, it is a way to tell the governments of the world that they are running their fiat currency very wrongly and that's why we are moving our money away from the fiat world and moving to crypto world. Sure there is a good reason that we are making a profit here, our investments grow to be huge here, and that is why we like it.

But that is still that same statement, our money is worthless over at fiat whereas it gains so much value here, isn't that a great thing? Shouldn't we really end up being super happy about it anyway? So this is basically just a place where we all get away from fiat and we just tell the world to get it together or we won't come back and just make crypto something that we can stay forever without ever using fiat in the future if they can't fix that system.

glendall

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no speculating how! With the rise and fall of the value of bitcoin, it can be said that we provide speculation when setting the selling and buying prices, where investors come and go.
bitcoin also has value because there is a community of people that have been created and the network that exists around the world that makes the exchanges possible and the underlying system with the right incentives and the right technology. this can be a factor that supports the occurrence of the current value

indeed, at the current price, bitcoin is arguably an extraordinary and fantastic value reaching 60k $ where the value of 1 digital currency that we cannot hold in its form like fiat but has a value that exceeds 1 house and even a jet plane

goldkingcoiner

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I think that the easiest most simple method to explain the value of Bitcoin is just by looking at the rate of adoption (popularity) of Bitcoin as well as looking at the fact that it is inherently deflationary in its very nature. This means that there is only a certain amount of Bitcoin which can ever exist and a rising amount of people who want to purchase Bitcoin. These two things give rise to a logarithmic rise in the value of Bitcoin.

And the fact that Bitcoin can be broken down into smaller parts (0.1, 0.01,...,0.0001,... and so on) means that everyone can have a piece of Bitcoin. But that demand itself will make Bitcoin become worth more.

Its quite self explainatory. Cool

Voxo2222

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Quote from: jourrapide33 on November 12, 2021, 02:39:39 AM

I think the value of bitcoin is a big speculation. Its value is not backed by anything. You can definitely make money now, but it's better not to think of bitcoin as a long-term investment.

All depends wich price you got it.

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I think the value of bitcoin is a big speculation. Its value is not backed by anything. You can definitely make money now, but it's better not to think of bitcoin as a long-term investment.

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Quote from: shield132 on October 19, 2021, 05:39:49 PM

At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

It’s like you’re putting up a business and at first there are very few consumers of it but as the day goes on because your business is good the demand starts to rise and continues to increase as the years go by. The same goes for bitcoin. The demand is the driving force towards what it is now and the reasons or purpose why it was created. Bitcoin has a limited supply and the demand is too high, the possibility is to have a greater value.

Voxo2222

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Quote from: freedomgo on November 11, 2021, 04:57:00 PM

Quote from: proTECH77 on November 10, 2021, 08:36:13 AM

Quote

At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

Bitcoin was created to eliminate delay and errors from the world economy. What you are experiencing right now is the purpose bitcoin was created for whoever that make it legalized in their country will definitely enjoy the benefits attached to it. Bitcoin rise from $30k recently to $67k show that it has a lot to deliver to customers before the end of the year. Despite the challenges many altcoins experienced during the pandemic that still make bitcoin price stand and steady in pumping to prove to the world the positive impact it has to deliver.

I think OP you don't really know bitcoin well. It's the most capable crypto coin that you can see higher chances of making good price increase because its price trend is to always move up. Although there are times we can witness for bitcoin to experience some minor or even bigger dumps but rest assured, they will always recover after that and create another high value again. So we should not doubt if bitcoin is consistently reaching another high value because bitcoin is really intended to go for an upward trend, same with major altcoins too.

Bitcoin was created as digital as digital ledger to bring old fiat money in bitcoin and from bitcoin in to stable coins.
You can not just mint usdt it need to be backed by btc.
Bitcoin is digital gold to back up stablecoins to protect usdt against hyperinflation.

I cant belive people dont know this !

freedomgo

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Quote from: proTECH77 on November 10, 2021, 08:36:13 AM

Quote

At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

Bitcoin was created to eliminate delay and errors from the world economy. What you are experiencing right now is the purpose bitcoin was created for whoever that make it legalized in their country will definitely enjoy the benefits attached to it. Bitcoin rise from $30k recently to $67k show that it has a lot to deliver to customers before the end of the year. Despite the challenges many altcoins experienced during the pandemic that still make bitcoin price stand and steady in pumping to prove to the world the positive impact it has to deliver.

I think OP you don't really know bitcoin well. It's the most capable crypto coin that you can see higher chances of making good price increase because its price trend is to always move up. Although there are times we can witness for bitcoin to experience some minor or even bigger dumps but rest assured, they will always recover after that and create another high value again. So we should not doubt if bitcoin is consistently reaching another high value because bitcoin is really intended to go for an upward trend, same with major altcoins too.

Voxo2222

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Quote from: shield132 on October 19, 2021, 05:39:49 PM

At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

Reason ....its pump like any other pump !! Until markets are full with money all moon and bubble btc real value

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