bitcoin is first and foremost an excellent technology...also these are assets that can be earned...I'm not sure that bitcoin itself will live long, but technology is accurate...therefore it is necessary to use it and use for its own sake and the good of others so as much as possible
Topic: What is a bitcoin REALLY worth? - page 9. (Read 1430 times)
Bitcoin and all currencies are worth whatever people are willing to pay for it, the free market demand.
The worth of bitcoin, just like any other product is determined by the law of supply and demand. Bitcoin has a fix supply of just 21 million, its current demand is just about 2.5 million and the current price per btc is at $11k. Considering all of this data and factoring it with an expected market of bitcoin in 5 years, lets just say 25 million costumers then we can get a projected value of around $110k per bitcoin.
For me bitcoin is worth quite a bit. People who invest will help the growth and have a higher value in the market. The price of bitcoin differs to the people who trade or invest from it. The more people who join it the more value of bitcoin will apreciate.
Bitcoin is unique and it's fit for use as transaction & investation in this era so if bitcoin's demand getting increase recently , it's reasonable things !
No one able control bitcoin so their value are not affect on global issue so their value is volatile ( risky investation )
For me personally, I just keep my bits for main investation replace past one, gold.
No one able control bitcoin so their value are not affect on global issue so their value is volatile ( risky investation )
For me personally, I just keep my bits for main investation replace past one, gold.
The basic factor in determining the price of Bitcoin is supply and demand. But I believe there is something more to this than just economic laws, I'm talking about time. When Bitcoin initially began almost eight years ago, it wasn't even worth a full dollar but today, it is worth five figure value. With sepculation that it will hit $40k by the end of next year, the growth possibilities seem endless and who knows it might be even worth a million dollar in a decade or so.
It's worth what people are willing to pay for it. Which at the current state of time is roughly 9,900 dollars, no questions. I sort of want to know if mining is actual profitable now.
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.
Well as of now, it is worth 10000 USD. You heard me, and that is just a peak of the potential of the bitcoin.
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.
What its really worth!? Easy!!!
1 Bitcoin is worth 1 Bitcoin!
How much is a dollar worth?
1 Bitcoin is worth 1 Bitcoin!
How much is a dollar worth?
1 dollar is 1 dollar worth... (lol)
What its really worth!? Easy!!!
1 Bitcoin is worth 1 Bitcoin!
How much is a dollar worth?
1 Bitcoin is worth 1 Bitcoin!
How much is a dollar worth?
Yes according to me it worth having a bitcoin as it goes on increasing day by day with the companies growth. Most of the companies are introducing there bitcoins and giving there bitcoins for the promotional work done by the people as a gift.
To be honest I am hearing from a lot of people that you shoudl "invest" in bitcoin and they act like they know something. I think that hype is what makes the price raise so fast as people feel FOMO but as you staited
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.
Many people see it as a money making machine and they don't give a F*** about the technology and principles behind it. In my opinion goverments will create better algorythm to connect who owns what bitcoin address as you said banks won't like that some crypto currency take their spot. Also there comes the question about what happens when people start to get hacked/lose their private keys -- with banks its easy they simply go there and do a reverse transaction or they go with their ID and get new password and so on. But with bitcoin when coins are gone they are gone forever.
To many people see it as an assset and investemnt nowadays so from my point of view price should continue to raise even more in 2018 which will bring "more addoption" or it will go till one point when many people will want to get out and have their money. But other than that new all time highs are healthy for bitcoin as more popular medias are talking about it which causes people to seek and see what is it. As for now I can't see bitcoin as a currency becouse of these price swings so you get the feelling that if you don't buy something today you can buy 2x of those tommorow or even less - it needs stability if we will want to use it on a daily bases - also not to talk that not many bussinesses and wallets support SegWit atm and that fees are still high.
Other thing is what we saw that Japan and Russia are considering to create their own cryptocurrency that is regulated so we might see other countries do the same.
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.
To many people see it as an assset and investemnt nowadays so from my point of view price should continue to raise even more in 2018 which will bring "more addoption" or it will go till one point when many people will want to get out and have their money. But other than that new all time highs are healthy for bitcoin as more popular medias are talking about it which causes people to seek and see what is it. As for now I can't see bitcoin as a currency becouse of these price swings so you get the feelling that if you don't buy something today you can buy 2x of those tommorow or even less - it needs stability if we will want to use it on a daily bases - also not to talk that not many bussinesses and wallets support SegWit atm and that fees are still high.
Other thing is what we saw that Japan and Russia are considering to create their own cryptocurrency that is regulated so we might see other countries do the same.
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.
There is no specific amount or value of bitcoin that is why you can say that it is not stable. The more people will invest in bitcoin, the more its price will increase because the more people want to buy it. Of course, if things are in demand, you need to raise its price so it will not be easily sold out right? Just like bitcoin, since the number of people who want to invest in bitcoin increases, so as the bitcoin price.
What is a bitcoin really worth?
The current 1bit is around $ 93000, and I expect it to rise above $ 10000 tomorrow
The current 1bit is around $ 93000, and I expect it to rise above $ 10000 tomorrow
Bitcoin is most popular crypto currency in digital world. You can't touch and see that is Bitcoin. Reality that you can exchanged Bitcoin with doller or other currency. Bitcoin has an value. Those countries are already accepted Bitcoin you can exchanged with bank also. So the really Bitcoin is like doller or other currency.
I see bitcoin as a store of value. The banks can easily make their own coins, which will definitely happen in the near future. But I believe there is place for bitcoin alongside the new currencies of central banks. A decentralized store of value in which you can safely put aside your savings. We have seen in countries that don't have a stable currency they often store their wealth in bitcoin. Bitcoin will replace gold in the future.
Also regarding the thought that bitcoin is something that doesn't exist in the real world and is simply "numbers on a screen", this is pretty much the case for any fiat currency as well. In comparison to the total market value, the amount of cash going around is so small that almost all of money transactions are being done digitally and no physical money switches hands, pretty similar to bitcoin.
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