Topic: What do you think about bitcoins primary value? - page 2. (Read 230 times)
Hello. I do not even think the bitcoin value comes from a single source. In my opinion, the bitcoin value is influenced by many factors
I believe that the primary value of Bitcoin is derived from the mutual trust and there is no other parameter for it. However, the actual price is determined based on multiple aspects and it is mostly affected by the demand and supply in the market. There are some factors that influence the supply and demand and it makes market volatile, on the other hand, the value gradually rises or decreases, unlike the price.
The value of Bitcoin is always associated with traditional currencies such as USD, EUR,.... In addition, the intrinsic value of a stock is calculated by its estimated future earnings, since Bitcoin has no income so it is difficult to determine the value. So it is hard to say that the nature of Bitcoin is valid.
Hi, I am still learning about block chain and bitcoin. Some of peoples are saying that bitcoins primary value comes from it's "censorship resistance" and some of them are argued it's primary value proposition comes from as a fact that bitcoin is peer-to-peer electronic cash system.I am some what in a confusion and I want to know what you guys are thinking? 
I don't believe that bitcoin's value comes from a single source, but a multitude of reasons.
But if you want the primary reason, then I believe that its value is derives from its ability to serve as money. It's immutable, and not manipulable by governments, and thus, people have a demand for bitcoin as money.
It's similar to how gold has value, because it was the best thing available as a decentralized form of money many centuries ago.
Decentralization, and a strict cap on the supply of coins is where bitcoin's value comes from. If bitcoin was centralized, then I doubt it'll have any value at all, simply because it can't fulfill any purpose.
Totally agree, and this is why I am concerned with the movement of so called hodlers and a believe growing in our community, that the currency-like usecase of Bitcoin is irrelevant. Also, I watch spikes in transaction fee level (whenever the Bitcoin price becomes volatile) with concern and I don't like when this and that and the next merchants drops bitcoin from accepted payment methods.
I think this one may help you to understand about bitcoin's value and the things that determine it.
Why does Bitcoin have value and how is the price determined?
https://www.luno.com/blog/en/post/how-bitcoin-price-determined
Why does Bitcoin have value and how is the price determined?
https://www.luno.com/blog/en/post/how-bitcoin-price-determined
Thanks for your tip and i read the article
.But i don’t agree with this statement "Through network effects, we’re starting to see exponential growth, which creates value as more and more people start using Bitcoin and more merchants accepting it as a means of payment" which quoted from that blog. In peer-to-peer electronic cash system, the most important features will be its network of participants and the cost to the end user; if Bitcoin is unable to compete and maintain its lead on market share, the network of participants will simply migrate to another network having lower fees and higher speed.In that scenario Bitcoin primary value can be lowered by comparison to current value. What do you think?
Bitcoin has no expected earnings as its share, Bitcoin has the expected rate of utilization and utilization. The value of Bitcoin derives from its underlying technology, the amount of electricity and resources that contribute to ensuring that network, and indeed the world needs a global currency, ie Bitcoin. more valuable.
Hi, I am still learning about block chain and bitcoin. Some of peoples are saying that bitcoins primary value comes from it's "censorship resistance" and some of them are argued it's primary value proposition comes from as a fact that bitcoin is peer-to-peer electronic cash system.I am some what in a confusion and I want to know what you guys are thinking?
I don't believe that bitcoin's value comes from a single source, but a multitude of reasons.
But if you want the primary reason, then I believe that its value is derives from its ability to serve as money. It's immutable, and not manipulable by governments, and thus, people have a demand for bitcoin as money.
It's similar to how gold has value, because it was the best thing available as a decentralized form of money many centuries ago.
Decentralization, and a strict cap on the supply of coins is where bitcoin's value comes from. If bitcoin was centralized, then I doubt it'll have any value at all, simply because it can't fulfill any purpose.
Thanks for your nice clarification and also I think In a peer-to-peer electronic cash system, the most important features will be its network of participants and the cost to the end user; if Bitcoin is unable to compete and maintain its lead on market share, the network of participants will simply migrate to another network having lower fees and higher speed.In that scenario Bitcoin primary value can be lowered by comparison to current value.What do you think?
Well yeah it is peer to peer which tells you that you font have the need for any kid of middleman in the process and as we know not many people are happy with the hanks.
I think this one may help you to understand about bitcoin's value and the things that determine it.
Why does Bitcoin have value and how is the price determined?
https://www.luno.com/blog/en/post/how-bitcoin-price-determined
Why does Bitcoin have value and how is the price determined?
https://www.luno.com/blog/en/post/how-bitcoin-price-determined
Hi, I am still learning about block chain and bitcoin. Some of peoples are saying that bitcoins primary value comes from it's "censorship resistance" and some of them are argued it's primary value proposition comes from as a fact that bitcoin is peer-to-peer electronic cash system.I am some what in a confusion and I want to know what you guys are thinking?
From this point onwards I strongly believe that value of it is affected by the demand and supply. At this point is is more speculation as we can conclude this from fast price movements that can happen within just like an hour or so. Well yeah it is peer to peer which tells you that you font have the need for any kid of middleman in the process and as we know not many people are happy with the hanks. Because if you want to recieve money and spend it most likely you are going to need a bank that will EVEN charge you and play around with your money for holding it. To be fairly honest with you I like bitcoin because I can open an account instantly without giving my details about me to anybody, i go and generate new pair keys and that's it.
Many people think about it and I also think resistance sensors can affect, but everyone sometimes thinks differently, but I do not think that's a problem.
I ask myself: is the Blockchain technology most valuable to Bitcoin? The answer is yes or no. You should consider how this technology is open source and can be by anyone. Although Blockchain and Bitcoin are certainly a versatile tool, blockchain technology is not the only value-added feature for Bitcoin.
Hi, I am still learning about block chain and bitcoin. Some of peoples are saying that bitcoins primary value comes from it's "censorship resistance" and some of them are argued it's primary value proposition comes from as a fact that bitcoin is peer-to-peer electronic cash system.I am some what in a confusion and I want to know what you guys are thinking?
I don't believe that bitcoin's value comes from a single source, but a multitude of reasons.
But if you want the primary reason, then I believe that its value is derives from its ability to serve as money. It's immutable, and not manipulable by governments, and thus, people have a demand for bitcoin as money.
It's similar to how gold has value, because it was the best thing available as a decentralized form of money many centuries ago.
Decentralization, and a strict cap on the supply of coins is where bitcoin's value comes from. If bitcoin was centralized, then I doubt it'll have any value at all, simply because it can't fulfill any purpose.
Hi, I am still learning about block chain and bitcoin. Some of peoples are saying that bitcoins primary value comes from it's "censorship resistance" and some of them are argued it's primary value proposition comes from as a fact that bitcoin is peer-to-peer electronic cash system.I am some what in a confusion and I want to know what you guys are thinking?
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