I think that all of the limited number of coins issued! This plays a significant role in the value of bitcoin!
although the number is limited and only created about 21 million alone but it will never run out. because the fee of each transaction will be returned to the source, then the source will generate a new number that will be captured by the miners.bitcoin is certainly very valuable in the digital world but if in the real world bitcoin is not valuable. 
Topic: What gives Bitcoin its value? - page 2. (Read 763 times)
I believe since bitcoin has a limited supply and since demand for bitcoin is increasing there will be rise in value
I agree but worth mentioning when using its great practicality, people have the need to use it so much.
It is hard to say that the nature of Bitcoin is valid because not government accepts Bitcoin as well as you can not use it to pay your taxes. In addition, the value of Bitcoin is always associated with traditional currencies such as USD, EUR, CNY and VND. 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, what will give Bitcoin become valuable not really an internal one? There will be no reason to give Bitcoin value if one can not use it as a payment method. Merchants and service providers around the world accept digital money, although most people use it by converting the currency of the country in which they live.
So, what will give Bitcoin become valuable not really an internal one? There will be no reason to give Bitcoin value if one can not use it as a payment method. Merchants and service providers around the world accept digital money, although most people use it by converting the currency of the country in which they live.
It is fast, easy, convenient, safe and economical when using Bitcoin as cash to help Bitcoin have high value. When the market is large, Bitcoin is widely used and when it is a commodity it is of higher value. Its value always increases over time.
Bitcoin can certainly be considered as a currency but now with heavy investments, it is also a serious asset that people own. It is an equivalent to property or gold for that matter. With more trading and investment in this digital currency, the value is only soaring higher and higher. No doubt, we may as well see a new high in its price this year.
But what gives this invisible Bitcoin its value? It is most sought after asset now with immense money being invested. Is it the nature of it being a currency or the nature of it being an investment? The most interesting thing is that most people are gradually shifting towards the use of this decentralized currency. It is true that the comparison with fiat currency draws its estimated value. But the large investments suggest that it is going to grow only bigger and bigger in size and stature.
As BTC is becoming more and more used, the markets take to a compulsion of accepting BTC as a form of currency in exchange of the good and services. It is indeed interesting to note how Bitcoin in spite of all criticism is only proving to be that of a great success.
But what gives this invisible Bitcoin its value? It is most sought after asset now with immense money being invested. Is it the nature of it being a currency or the nature of it being an investment? The most interesting thing is that most people are gradually shifting towards the use of this decentralized currency. It is true that the comparison with fiat currency draws its estimated value. But the large investments suggest that it is going to grow only bigger and bigger in size and stature.
As BTC is becoming more and more used, the markets take to a compulsion of accepting BTC as a form of currency in exchange of the good and services. It is indeed interesting to note how Bitcoin in spite of all criticism is only proving to be that of a great success.
in my opinion there are many factors that affect the condition of bitcoin prices one of them is from the increase in difficulty to meminig more difficult and the less bitcoin obtained then bitcoin will be more expensive the price not only that the higher the use bitcoin as a means of payment it will be more expensive also because bitcoin is depleting its availability.
Bitcoin has value because of people earned money , benifited its prices and especially gives an opportunity to those people who do not have their own work . .
Bitcoin has value because people are giving it value. But also the limited quantity, the miners and the proof of work system are making the price. And the fact that you have to buy mainly BTC to buy other coins for the moment.
It has a value because we all believe it is worth something.It has opened up countless financial opportunities for new businesses and technologies.The buying and selling of Bitcoin currency also adds to its value.
I think that all of the limited number of coins issued! This plays a significant role in the value of bitcoin!
It is true that there is nothing tangible to back the value of Bitcoin but I think we are living in the era of information technology where data is a new currency. (Think about Facebook is free and always will be slogan and Cambridge Analytica case). It's the information that my wallet contains 1 Bitcoin and we collectively trust that it is valued at a certain amount of money. It has some clever code which makes it different than traditional payment system and that's what makes it trustworthy and valuable.
value is attained because of the usefulness and hence the demand of the item. bitcoin has a lot of features that increases its demand . Volatility- price is unstable and can increase or decrease in a minute, its decentralized meaning you can do transactions without having to go through any financial institution . These are just a few of the features that add to the demand and hence the value of bitcoins.
I believe since bitcoin has a limited supply and since demand for bitcoin is increasing there will be rise in value
Bitcoin has proven to be a good coin over a period of time Recovering from challanges and banns to recover its value, its best asset however is the fact that ithas a number of uses in the market,, You cn use it to buy other alts, or pay for services rendered,Outside crypto currency, BTC is being used a s a form of pay to get goods and services such as books sold in online store. Other Businesses are also starting to accept BTC as a form of pay, hence its value
People using Bitcoin are giving Bitcoin its value. It will become worthless if no one buy it or use it anymore.
Can you tell me what is the backup of currently used USD? On the BRETTON_WOODS the governments accepted decision together in order to peg USD to gold ounce. Bitcoin is backed up by trust of the people and nothing can replace it maybe in future governments will wanna to shake the hand of Bitcoin developers.
what actually gives Bitcoin values, is the good news of people spread around the world and at that point in time many investors and new trader came into, to invest on bitcoin and at that moment is simply known as the demand is higher than supply in which the prize will be automatically increase, which has create a high potential towards the values of bitcoin.
Bitcoin's price is determined by the market where it trades, based on supply and demand. The interaction between buyers and sellers determines the specific price.Bitcoin is a decentralized crypto currency, it is not tied to the economy of any country.
That is right, so anything that each of us are doing really affects the value of bitcoin, so we have to be extra careful with it we don't need to withdraw all bitcoin we have to at least hold some of it so that we can still promote and maintain the value of it.
Bitcoin's price is determined by the market where it trades, based on supply and demand. The interaction between buyers and sellers determines the specific price.Bitcoin is a decentralized crypto currency, it is not tied to the economy of any country.
Bitcoins prices keeps on shooting due to base factor of supply and demand , the price of any product is determined by the economic factors of demand and supply. As there is only a limited number of 21 million bitcoins available in the crypto market, the demand for bitcoins keeps on increasing due to various other factors such as ease of transactions worldwide without boundaries with low transaction charges compared to traditional currencies. The use of bitcoins as an investment and trading makes the increase in demand for bitcoins which ultimately causes for the rise in price of bitcoins.
In my own opinion, I think what gives bitcoin is value, is the desire people display to own it. The more people buy and invest in it, the more it values grow. And also, the more people use it as a payment method, which is the purpose of what it was created for, the more it values grows too. And I believe this is what we need now for a successful growth of bitcoin.
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