Topic: What is the intrinsic value of Bitcoin? (Read 451 times)
bitcoin has no intrinsic value. for example, gold. gold is valued as long as someone is willing to give something for it. in this case also
A very rare value of around 21,000,000 and is contested by all people in this world.
Certainly it will become rare and become expensive coin.
Certainly it will become rare and become expensive coin.
Bitcoin is just the first coin and it is in great demand and confidence, and it is Bitcoin that is the leader in capitalization.
I think there are three reasons for the intrinsic value of Bitcoin. The first is the cost of creating a Bitcoin. The second is the most commonly used currency in the payment. The third is the oldest virtual currency.
Based on my understanding and what I have read that bitcoin doesn't has an intrinsic value as fiat currency, the value is determined by the government that why's called fiat currency. Bitcoin is the opposite of fiat currency where bitcoin is decentralized, there is no rule or determination of the value, while fiat currency have a central in each country and its value is determined by the government, commonly handled by Central Bank in each country. That my understanding about his topic.
I think in case of bitcoin, there is no such value. Supply and demand are the main factors which change the value and price of bitcoin and other cryptocurrencies. That’s why there is no intrinsic value of bitcoin.
Actually, 
there is no intrinsic value of bitcoin. Because the price of bitcoin is dependent on blockchain technology. So, it is getting changed all time day by day.
there is no intrinsic value of bitcoin. Because the price of bitcoin is dependent on blockchain technology. So, it is getting changed all time day by day.
There is not any internal value of bitcoin, there is a direct price of it and its growth and fall, no more than that.
the value for me is that control goes in the people themselves and how much they are greedy for so much and will grow for transaction
I don’t think there is any intrinsic value of bitcoin. It actually depends on the market. Anytime the situation can be changed. So you cannot say anything that is the intrinsic value of bitcoin.
In an unregulated market like crypto market intrinsic value means nothing to be honest. For example, intrinsic value is usually used in the financial terms while defining a share in the stock market. Those shares have trademark value, copyright value etc. which do not exist in crypto market. So, basically Bitcoin does not have any intrinsic value.
Bitcoin has an intrinsic value which is not like normal intrinsic values. The use of bitcoin is the intrinsic value of bitcoin. It is quite difficult to understand but it can make people careful about how they deal with bitcoin.
Intrinsic value is some term used to convince people their investment is backed by some value that won't expire .However, that's not true .For instance , paper currencies itself don't have intrinsic value and don't tell me it's backed by gold and this crap . it's coming from your belief in that economy . same here with bitcoin and other cryptocurrencies they get value as long people believe in blockchain technology.
It depends on how to people perceive it. Since it is not treated as a typical fiat, the intrinsic value will differ.
Intrinsic value is a very combined and abstruct thing to relate with BTC. To predict the intrisic value of a coin of the crypto market is really not so easy and perhaps, nearly impossible accurately. We just can assume or feel it actually.
In my own opinion i don't think that rule applies when it comes to crypto market and bitcoin because this is a free market price, any one can sell at any given price he wants, so the value of bitcoin basically depends on the demand and supply.
Yes, I also agree with your suggestion because there is no particular value for which you should sell at, it is a free market where you can put in any amount you have as spare and sell whenever you want as long as you make profit. The value of bitcoin depends largely of the amount of demand and supply. When there is high demand, the price will be high and when there is low demand, the price will fall.
It actually varies from people to people. Given that this coin is not like our typical fiat, so it will be hard to say what the people deem as an intrinsic value.
There is no right out there intrinsic value for BTC. The people have a belief in the blockchain technology and that serves as the intrinsic value.
Bitcoin is a cryptocurrency that runs on blockchain technology in a decentralized system. The intrinsic value of a cryptocurrency depends on various factors. The belief of people on Bitcoin is the intrinsic factor for Bitcoin I guess.
The intrinsic value of Bitcoin is the belief in the blockchain because Bitcoin is the first blockchain technology to bring people's trust. And then people was starting to invest in this platform of digital currency. So, I explain the intrinsic value of Bitcoin by trust.
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