Of course, bitcoin is a unique product. Compared to the fiat dollar, which can be printed by order of the bank, no one has the right to issue more bitcoins. Limitedness stimulates interest. And like Bitcoin, no physical currency has such a value.
Banking systems do not provide the convenience of improved privacy or data processing speed. Of course, this is perhaps a feature of the work of banks in my country, but not the first time you come and the system for processing your information is delayed for several minutes. In addition, even traditional money transfers like western union, moneygram are not available in all countries. Digital assets give the user more power. And as an investment, bitcoin has a higher long-term value ratio.
Topic: What is a bitcoin REALLY worth? (Read 1430 times)
Of course, bitcoin is a unique product. Compared to the fiat dollar, which can be printed by order of the bank, no one has the right to issue more bitcoins. Limitedness stimulates interest. And like Bitcoin, no physical currency has such a value.
Banking systems do not provide the convenience of improved privacy or data processing speed. Of course, this is perhaps a feature of the work of banks in my country, but not the first time you come and the system for processing your information is delayed for several minutes. In addition, even traditional money transfers like western union, moneygram are not available in all countries. Digital assets give the user more power. And as an investment, bitcoin has a higher long-term value ratio.Of course, bitcoin is a unique product. Compared to the fiat dollar, which can be printed by order of the bank, no one has the right to issue more bitcoins. Limitedness stimulates interest. And like Bitcoin, no physical currency has such a value.
Banking systems do not provide the convenience of improved privacy or data processing speed. Of course, this is perhaps a feature of the work of banks in my country, but not the first time you come and the system for processing your information is delayed for several minutes. In addition, even traditional money transfers like western union, moneygram are not available in all countries. Digital assets give the user more power. And as an investment, bitcoin has a higher long-term value ratio.Of course, bitcoin is a unique product. Compared to the fiat dollar, which can be printed by order of the bank, no one has the right to issue more bitcoins. Limitedness stimulates interest. And like Bitcoin, no physical currency has such a value.
Banking systems do not provide the convenience of improved privacy or data processing speed. Of course, this is perhaps a feature of the work of banks in my country, but not the first time you come and the system for processing your information is delayed for several minutes. In addition, even traditional money transfers like western union, moneygram are not available in all countries. Digital assets give the user more power. And as an investment, bitcoin has a higher long-term value ratio.
Bitcoin is digital and cannot be counterfeited or reversed arbitrarily by the sender, as with credit card charge-backs.
When you give your credit card to a merchant, you give him or her access to your full credit line, even if the transaction is for a small amount. Credit cards operate on a “pull” basis, where the store initiates the payment and pulls the designated amount from your account. Bitcoin use a “push” mechanism that allows the bitcoin holder to send exactly what he or she wants to the merchant or recipient with no further information.
Purchasing real property typically involves a number of third parties (Lawyers, Notary), delays, and payment of fees. In many ways, the bitcoin/cryptocurency blockchain is like a “large property rights database,” says Gallippi. Bitcoin contracts can be designed and enforced to eliminate or add third party approvals, reference external facts, or be completed at a future date or time for a fraction of the expense and time required to complete traditional asset transfers.
There are approximately 2.2 billion individuals with access to the Internet or mobile phones who don’t currently have access to traditional exchange systems. These individuals are primed for the Cryptocurrency market. Kenya’s M-PESA system, a mobile phone-based money transfer and micros financing service recently announced a bitcoin device, with one in three Kenyans now owning a bitcoin wallet. (Let me repeat that again. 1/3)
There aren’t usually transaction fees for bitcoin exchanges because the miners are compensated by the network (Side note: This is the case for now). Even though there’s no bitcoin/bitcoin transaction fee, many expect that most users will engage a third-party service, such as Coinbase, creating and maintaining their own bitcoin wallets.
These services act like Paypal does for cash or credit card users, providing the online exchange system for bitcoin, and as such, they’re likely to charge fees. It’s interesting to note that Paypal does not accept or transfer bitcoins. I particularly use bitcoin on most gambling site and my top casino site is Vegas Casino due to their large deposit bonuses on bitcoins deposited. Just like doubling or adding to your bitcoin with each deposit. Sweet, isnt it?
We can also use bitcoin for purchases and payments. The advantages or uses stands out. Privacy, security, trading, anonymity, payments, low transaction costs and speed. Bitcoin is mostly used as means of payment and it would continue to be used as that. Other uses includes trading, exchanges, investments and gifts. Therefore, its need is very important as it would help us to free ourselves from the shackles and problems of the centralized systems.
When you give your credit card to a merchant, you give him or her access to your full credit line, even if the transaction is for a small amount. Credit cards operate on a “pull” basis, where the store initiates the payment and pulls the designated amount from your account. Bitcoin use a “push” mechanism that allows the bitcoin holder to send exactly what he or she wants to the merchant or recipient with no further information.
Purchasing real property typically involves a number of third parties (Lawyers, Notary), delays, and payment of fees. In many ways, the bitcoin/cryptocurency blockchain is like a “large property rights database,” says Gallippi. Bitcoin contracts can be designed and enforced to eliminate or add third party approvals, reference external facts, or be completed at a future date or time for a fraction of the expense and time required to complete traditional asset transfers.
There are approximately 2.2 billion individuals with access to the Internet or mobile phones who don’t currently have access to traditional exchange systems. These individuals are primed for the Cryptocurrency market. Kenya’s M-PESA system, a mobile phone-based money transfer and micros financing service recently announced a bitcoin device, with one in three Kenyans now owning a bitcoin wallet. (Let me repeat that again. 1/3)
There aren’t usually transaction fees for bitcoin exchanges because the miners are compensated by the network (Side note: This is the case for now). Even though there’s no bitcoin/bitcoin transaction fee, many expect that most users will engage a third-party service, such as Coinbase, creating and maintaining their own bitcoin wallets.
These services act like Paypal does for cash or credit card users, providing the online exchange system for bitcoin, and as such, they’re likely to charge fees. It’s interesting to note that Paypal does not accept or transfer bitcoins. I particularly use bitcoin on most gambling site and my top casino site is Vegas Casino due to their large deposit bonuses on bitcoins deposited. Just like doubling or adding to your bitcoin with each deposit. Sweet, isnt it?
We can also use bitcoin for purchases and payments. The advantages or uses stands out. Privacy, security, trading, anonymity, payments, low transaction costs and speed. Bitcoin is mostly used as means of payment and it would continue to be used as that. Other uses includes trading, exchanges, investments and gifts. Therefore, its need is very important as it would help us to free ourselves from the shackles and problems of the centralized systems.
Of course, bitcoin is a unique product. Compared to the fiat dollar, which can be printed by order of the bank, no one has the right to issue more bitcoins. Limitedness stimulates interest. And like Bitcoin, no physical currency has such a value.
Bitcoin is worth whatever someone is willing to pay for it. The market will determine it's price. The advantage with Bitcoin is that there is a cap on the number of coins that will be produced, so supply and demand principles will be in effect. Compare that to fiat where it is printed to infinity. The more that's printed, the less it's worth. Fiat depends on peoples ""faith and confidence"" in it.
I think it depends first of all on your knowledge about the structure and others things connected with the crypto world. But the result is a personal choice, to invest in it or not.
What sets the price? How do we determine the price?
There this little known principle that doesn't seem to be taught any longer. It's called Supply and Demand. That is how Bitcoin price, and the price of everything else for that matter, is set in this place I like to call the real world.
LoL, and the funny thing is that no matter how many times you'd repeat this statements, those who didn't get it until now are very likely not to get it even later, ever. There are basic things which are beyond the understanding of most of the people.
I`m thinking that Bitcoin is worth of the peoples idea of buying it everyday. And for now on it becomes stronger daily because of the news about those every each countries that are allowing and accepting it.
Here is the concept of supply and demand for trade in the coin, everything is understandable to everyone,
but can not the bitcoin code also influence its price?
If I'm not mistaken, then its production will become more complicated with time.
but can not the bitcoin code also influence its price?
If I'm not mistaken, then its production will become more complicated with time.
Of Bitcoin's very valuable Bitcoin is crypto currency, the most popular in the digital world, besides bitcoin has a high value, as more and more people want to buy it.
Yes, bitcoin is really worth it cause the value are continues increasing and bitcoin is most popular digital currency that give high profit. People are wanted to buy bitcoin and they want to invest and to earn profit. 
Because of full decentralization, the absence of a regulator as such, which if necessary could take control of the situation on the market, the price of the crypto currency is formed solely on the basis of the demand for the asset from buyers and sellers. We do not take into account now the facts about which we do not know, for example, possible manipulations by robots on the markets. Based on this it is difficult to calculate the exact cost of bitcoin at the moment, the lower and upper limit will be far away from each other.
I see the whole thing that has been going on all year with the price of bitcoin, and how it was from way back when it started.
And I have to wonder, when will it end? Will it keep going up and up, will it level off, or will it just one day suddenly crash and burn like HilLIARy Clinton on election day 11/8/16?
What sets the price? How do we determine the price? As near as I can tell, we get our belief of price from the exchanges. The exchanges say a btc was worth 3000 last month, 5000 last week, 7000 today, etc, and we all just blindly go along with it and base our transactions off of that. That's how many US Dollars you can get for a bitcoin, and really, what else matters? Btc could be a million dollars or ONE DOLLAR tomorrow, and everyone would just be going "well, that's the exchange price". And if that's the amount of money you can convert your bitcoins to dollars for, then that is it. The exchange won't give you more. A private buyer you meet in person won't give you more.
With institutional money, bitcoin futures, and hedge funds starting to invest in bitcoin, I think that'll bring more stability and a future to high bitcoin prices. But we are still dealing with an intangible asset that exists only in computers, so there's no real reason to support these high prices other than "Well, that's what you can buy them for on the exchanges". Or "That's what the futures market / hedge fund prices them at". It is BELIEF of the price, and nothing else. At least with a bar of gold, you can do something with it, no matter what its price is.
Will btc be around for a long time at big money, or will they be the Beanie Babies of 2018?
Will Antminer S9's still be sold on ebay for over $3000 by greedy bastards who were able to place large orders with Bitmain and are now simply reselling them for sheer profit? Or will used S9's be going for $300 a year from now?
It seems that most of you don't remember me, or were not here in 2013 / 2014. I repeatedly warned people over and over not to buy ASICs based on the btc price at the time. And I was 100% correct in my assertions. And even in 2015 - 2016, I was still correct that ASICs were a bad investment. It was only with the huge rise in bitcoin prices this year that significant profits could finally be made, but where and when will it end? Banks are beginning to understand the concept of the blockchain and how it can make their transactions more secure, but that means nothing for the price of bitcoin or any other coin. Banks don't need any coin to be successful to implement the blockchain idea in their own transaction histories.
People say that bitcoin can replace cash. Well, I wouldn't go that far. I see bitcoin as a way to get more money, more US Dollars. True, a piece of paper may not have much other than the US government backing it, but that's better than a group of coin exchanges, mostly based in other countries saying what my coins are worth. Gemini is the only licensed, regulated, US based exchange that I would trust.
So what's in store for bitcoin prices in 2018? And the question that should be placed above all others is, "How much money can I (and I mean ME, not you) get out of bitcoin?".
Bitcoin is a valuable digital currency for global transactions that can slash bank transaction costs or cut transaction time and everything is easy done. But nowadays Bitcoin is more popularly used as a future investment that can multiply assets. But it all can not be separated from the risks that must be faced. Bitcoin prices are determined by market demand.And I have to wonder, when will it end? Will it keep going up and up, will it level off, or will it just one day suddenly crash and burn like HilLIARy Clinton on election day 11/8/16?
What sets the price? How do we determine the price? As near as I can tell, we get our belief of price from the exchanges. The exchanges say a btc was worth 3000 last month, 5000 last week, 7000 today, etc, and we all just blindly go along with it and base our transactions off of that. That's how many US Dollars you can get for a bitcoin, and really, what else matters? Btc could be a million dollars or ONE DOLLAR tomorrow, and everyone would just be going "well, that's the exchange price". And if that's the amount of money you can convert your bitcoins to dollars for, then that is it. The exchange won't give you more. A private buyer you meet in person won't give you more.
With institutional money, bitcoin futures, and hedge funds starting to invest in bitcoin, I think that'll bring more stability and a future to high bitcoin prices. But we are still dealing with an intangible asset that exists only in computers, so there's no real reason to support these high prices other than "Well, that's what you can buy them for on the exchanges". Or "That's what the futures market / hedge fund prices them at". It is BELIEF of the price, and nothing else. At least with a bar of gold, you can do something with it, no matter what its price is.
Will btc be around for a long time at big money, or will they be the Beanie Babies of 2018?
Will Antminer S9's still be sold on ebay for over $3000 by greedy bastards who were able to place large orders with Bitmain and are now simply reselling them for sheer profit? Or will used S9's be going for $300 a year from now?
It seems that most of you don't remember me, or were not here in 2013 / 2014. I repeatedly warned people over and over not to buy ASICs based on the btc price at the time. And I was 100% correct in my assertions. And even in 2015 - 2016, I was still correct that ASICs were a bad investment. It was only with the huge rise in bitcoin prices this year that significant profits could finally be made, but where and when will it end? Banks are beginning to understand the concept of the blockchain and how it can make their transactions more secure, but that means nothing for the price of bitcoin or any other coin. Banks don't need any coin to be successful to implement the blockchain idea in their own transaction histories.
People say that bitcoin can replace cash. Well, I wouldn't go that far. I see bitcoin as a way to get more money, more US Dollars. True, a piece of paper may not have much other than the US government backing it, but that's better than a group of coin exchanges, mostly based in other countries saying what my coins are worth. Gemini is the only licensed, regulated, US based exchange that I would trust.
So what's in store for bitcoin prices in 2018? And the question that should be placed above all others is, "How much money can I (and I mean ME, not you) get out of bitcoin?".
The value of bitcoin will always depend on Supply and Demand. as all things are. the stability of value may only happeen if it will be regulated, which is for me, a very small chance of happening/
For today, where a big amount of people know about Bitcoin, but they are smart and they look on the market, there's a price for it, and they really don't want to invest even $100. Because waiting for the prophet about 1 year or in $10, this is ridiculous
Additionally with respect to the possibility that bitcoin is something that doesn't exist in reality and is essentially "numbers on a screen", this is basically the case for any fiat money also. In contrast with the aggregate market esteem, the measure of money going around is small to the point that all of cash exchanges are being done carefully and no physical cash switches hands, entirely like bitcoin.
Some peoples said bitcoin worth more than 1millions dollar and some said more. I think let market decide it because market is fair place to determine price. But i do believe bitcoin have value in digital world right now because we need fast currency with lower fee.
It is only worth as much as our support and belief in it. If you are looking for an intrinsic value in it, you will find nothing most probably. There is the technology, nevertheless. However, the technology will also be in the same page with the coin. The technology is also worth as much as the adoption and support it gets from the people. Without all these, Bitcoin and its technology are nothing.
For me bitcoin is so valuable so bitcoin is a very good digital currency and bitcoin is also a very profitable investment for me so bitcoin is a very valuable asset for me
I think that's because of its transparency and random growth that makes it so interesting
Bitcoin is worth a million, but bitcoin dont have a stable price, it changes from time to time, bitcoin is unique many people wanted bitcoin because in bitcoin you can earn profit, just be patient thats what we need here in crypto world.
I think that's because of its transparency and random growth that makes it so interesting
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