Topic: What is the value of Bitcoin? What is bitcoin secured by? (Read 366 times)
i think the true value is at $2500
Almost all top altcoins or bitcoin that has a high volume in the market are all being controlled by the whale investors, just like what is happened into XRP a couple of weeks past, same goes with Bitcoin as well. There are lot manipulators in the market, and this things can't be gone anyway. I think it is already a part of their strategy anyway.
And you believe this is different with stocks? They are controlled by a small group of board member who together are the majority shareholders. This means that even if you were able to gather up all the other public shareholders you wouldn't be able to dictate anything or change company's policies. With Bitcoin you have the advantage because even if whales sell their stocks the technology will still be there. It will lose most of its value but it won't disappear. If the board decides to shut the company down it disappears. 
That's the case in most of the currencies, for example the dollar is no longer backed by gold since many years ago, so we can say that its value is given by a large number of people who trust in its stability and the little circulation that there is in the market, at the end of the day that's what matters.
I think the dollar, the euro and the pound sterling are more focussed on people’s opinions on the banks (commercial ones) who artificially increase the amount of currency that exists (the government controls very little of this process). Google fractional reserve banking for more information...
Bitcoin is, like gold, more based on the will of the people. Governments started good by having things backed by gold and silver, it’s a shame we can’t go back to those days...
That's the case in most of the currencies, for example the dollar is no longer backed by gold since many years ago, so we can say that its value is given by a large number of people who trust in its stability and the little circulation that there is in the market, at the end of the day that's what matters.
The price of bitcoin is formed exclusively by supply and demand for it. Bitcoins are not secured by any tangible assets, but the same situation is with any Fiat currencies, rubles or dollars. It is wrong to assume that bitcoin is provided with electricity spent on its mining or the cost of a bitcoin farm. The difficulty of solving the cryptographic problem during mining varies according to the network hashrate used to find the latest 2016 bitcoin blocks. If the number of miners and the electricity consumed fall several times, then the complexity of mining will simply decrease and the process will stabilize again. So the value of bitcoin and its purchasing power lies only in the public's trust in it.
the community that pushes it thats bitcoin value security,
and the exhaustion globally with the banking cartels
The value of bitcoin can be best described in dollar which is around $3200 at the moment. Well there is really not security associated with the price of bitcoin
BTC value depends on demand and inventory. but, decentralized made BTC able to survive from the geopolitics and the world financial crisis.
the value of BTC will be even greater in the future, when demand is high and inventory is low.
the value of bitcoin cannot be predicted because the market price is uncertain and many have decreased. Bitcoin can go up in price with a lot of it, maybe up to tens of millions. the value of BTC will be even greater in the future, when demand is high and inventory is low.
There is no commodity weights behind it. So, it is secured only by support and demand. Though the same may be said about some traditional money.
The value of bitcoin is based on supply and demand and is secured only by our interest and trust in the technology.
in my opinion, the value of BTC depends on public demand responded by mining. then a transaction will be processed in each block and the hash mined.
the impact is variable transaction costs. sometimes expensive and cheap.
I want to add that the price depends on public demand only when there is a positive news background, for example, as in 2017, bitcoin was officially recognized by Japan or when there was a hard fork in agvust. It is backed up from the economic side very much. the impact is variable transaction costs. sometimes expensive and cheap.
bitcoin value can be predicted now but as we have this technology it is clear that bitcoin is highly valuable and the whole crypto as a whole crypto volume is increasing day by day and bitcoin is secured by the independent authority and this all is associated with the internet.
The price of bitcoin is formed exclusively by supply and demand for it. Bitcoins are not secured by any tangible assets, but the same situation is with any Fiat currencies, rubles or dollars. It is wrong to assume that bitcoin is provided with electricity spent on its mining or the cost of a bitcoin farm. The difficulty of solving the cryptographic problem during mining varies according to the network hashrate used to find the latest 2016 bitcoin blocks. If the number of miners and the electricity consumed fall several times, then the complexity of mining will simply decrease and the process will stabilize again. So the value of bitcoin and its purchasing power lies only in the public's trust in it.
Yeah, agree with you. But unfortunately the price of bitcoin is formed not only by supply and demand. It also manipulated by whales and big players. There is no pure and fair game in it. Definetely it will grow up in future. I agree with your argument but three basic things determine the value of bitcoin viz:
1. Actions of whales and big players in the bitcoin market
2. The trend of demand and supply of bitcoin and
3. The faith players in the market have for bitcoin.
Surely, the value would pick up again. Hopefully, towards the end of first quarter of 2019.
so, maintaining market and public stability from fake news is a very important aspect.
The real value of Bitcoin is dependent on the production cost after mining. Yes, it all affected by supply and demends and others contributory facts on pricing Bitcoin. Market Volatility on the market show a lot more concerns this past few days... we've seen the ups and down on the price value... but in my opinion Bitcoin secured by yhe Blockchain system.
I think that btc is a coin with the best value, to my mind, it is better to use btc secured by something. I have btc coins and keep them with the help of hard wallet, i think it is better to use it a bit later
The price of bitcoin is formed exclusively by supply and demand for it. Bitcoins are not secured by any tangible assets, but the same situation is with any Fiat currencies, rubles or dollars. It is wrong to assume that bitcoin is provided with electricity spent on its mining or the cost of a bitcoin farm. The difficulty of solving the cryptographic problem during mining varies according to the network hashrate used to find the latest 2016 bitcoin blocks. If the number of miners and the electricity consumed fall several times, then the complexity of mining will simply decrease and the process will stabilize again. So the value of bitcoin and its purchasing power lies only in the public's trust in it.
Definitely... but it does not only depend on the public's trust. It entails the deeper understanding on the whole concept behind blockchain technology. The world needs to embrace this new technology and adapt to meet its revolutionary changes and advancements. The value of bitcoin strongly depends on how people really understand the whole principles behind bitcoin and cryptocurrency.
BTC value depends on demand and inventory. but, decentralized made BTC able to survive from the geopolitics and the world financial crisis.
the value of BTC will be even greater in the future, when demand is high and inventory is low.
the value of BTC will be even greater in the future, when demand is high and inventory is low.
The price of bitcoin is formed exclusively by supply and demand for it. Bitcoins are not secured by any tangible assets, but the same situation is with any Fiat currencies, rubles or dollars. It is wrong to assume that bitcoin is provided with electricity spent on its mining or the cost of a bitcoin farm. The difficulty of solving the cryptographic problem during mining varies according to the network hashrate used to find the latest 2016 bitcoin blocks. If the number of miners and the electricity consumed fall several times, then the complexity of mining will simply decrease and the process will stabilize again. So the value of bitcoin and its purchasing power lies only in the public's trust in it.
Yeah, agree with you. But unfortunately the price of bitcoin is formed not only by supply and demand. It also manipulated by whales and big players. There is no pure and fair game in it. Definetely it will grow up in future. I agree with your argument but three basic things determine the value of bitcoin viz:
1. Actions of whales and big players in the bitcoin market
2. The trend of demand and supply of bitcoin and
3. The faith players in the market have for bitcoin.
Surely, the value would pick up again. Hopefully, towards the end of first quarter of 2019.
so, maintaining market and public stability from fake news is a very important aspect.
The price of bitcoin is formed exclusively by supply and demand for it. Bitcoins are not secured by any tangible assets, but the same situation is with any Fiat currencies, rubles or dollars. It is wrong to assume that bitcoin is provided with electricity spent on its mining or the cost of a bitcoin farm. The difficulty of solving the cryptographic problem during mining varies according to the network hashrate used to find the latest 2016 bitcoin blocks. If the number of miners and the electricity consumed fall several times, then the complexity of mining will simply decrease and the process will stabilize again. So the value of bitcoin and its purchasing power lies only in the public's trust in it.
Yeah, agree with you. But unfortunately the price of bitcoin is formed not only by supply and demand. It also manipulated by whales and big players. There is no pure and fair game in it. Definetely it will grow up in future. I agree with your argument but three basic things determine the value of bitcoin viz:
1. Actions of whales and big players in the bitcoin market
2. The trend of demand and supply of bitcoin and
3. The faith players in the market have for bitcoin.
Surely, the value would pick up again. Hopefully, towards the end of first quarter of 2019.
I think that the main thing in cryptocurrencies, the main one of which is Bitcoin, is decentralization and the desire of people to get a real independent, reliable modern means of payment.
yes, I agree with you, the value of BTC is formed by a public trust, USD is also determined by market demand, but the volatility of BTC and USD is not the same.
BTC volatility that created by the traders can make people get rich quickly when bullish cannot be controlled, but someone will become poor if the decline is difficult to control.
BTC volatility that created by the traders can make people get rich quickly when bullish cannot be controlled, but someone will become poor if the decline is difficult to control.
in my opinion, the value of BTC depends on public demand responded by mining. then a transaction will be processed in each block and the hash mined.
the impact is variable transaction costs. sometimes expensive and cheap.
the impact is variable transaction costs. sometimes expensive and cheap.
Jump to: