Topic: What makes Bitcoin valuable? - page 10. (Read 2965 times)
in my opinion Bitcoin is very valuable because it has many advantages and Bitcoin helps financially a lot. Bitcoin is a currency through which people in the world can trade. Bitcoin is also known as digital currency. Bitcoin has a bright future.
There are many factors contributing to the value of bitcoin.
I think the main reason is the flow, because money is only valuable in circulation, because the currency is recognized by people, so its value is higher.
I think the main reason is the flow, because money is only valuable in circulation, because the currency is recognized by people, so its value is higher.
It is valuable because it can be transacted and can be exchanged for more. Its current transaction is not via intermediaries such as banknotes. We have to go through banks. thus making it valuable
There are lot of things that makes bitcoin valuable to every users and most of all is that it makes money , gives people profits which they can use for their daily expenses and future worries. Also it can make their way of living easier as it helps them to transact money whenever and wherever they are as long as they have an internet connection and without worrying if they may be hacked because bitcoin is safe and decentralized which is not being controlled by the government.
Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.
Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.
So heres a little cheat sheet for any newbies out there who get this question or accusation:
1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.
In short, Bitcoin solves massive problems with the financial and political world, and that is its value.
And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.
-
@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential
Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.
So heres a little cheat sheet for any newbies out there who get this question or accusation:
1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.
In short, Bitcoin solves massive problems with the financial and political world, and that is its value.
And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.
-
@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential
One of the reasons why bitcoin is so valuable is because of its decentralized system. It was invented because its an exchange adapted to our modern way of life, people around the globe are using computers and internet. The creator of Bitcoin took those advantages and while people are connected via internet, its a useful tool or a method for transactions, trading and for purchasing items and needs. The fast exchanges conducted from person to person, and the advantages of Blockchain Technology that makes it more easier and less hassle it brought to users.
Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.
Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.
So heres a little cheat sheet for any newbies out there who get this question or accusation:
1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.
In short, Bitcoin solves massive problems with the financial and political world, and that is its value.
And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.
-
@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential
Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.
So heres a little cheat sheet for any newbies out there who get this question or accusation:
1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.
In short, Bitcoin solves massive problems with the financial and political world, and that is its value.
And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.
-
@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential
Definitely because it is a money, and every money is valuable thus, bitcoin is valuable. Why is it, because money could be use to fuel up and run a business by means of investment right, business could not function without money involvement on it, and so bitcoin could perform such task some other could not even imagine.
In my own understanding, I think bitcoin is valuable in the sense that government from any country may have hard time in tracing and adding of taxes in every transactions made.
Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.
Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.
So heres a little cheat sheet for any newbies out there who get this question or accusation:
1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.
In short, Bitcoin solves massive problems with the financial and political world, and that is its value.
And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.
-
@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential
Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.
So heres a little cheat sheet for any newbies out there who get this question or accusation:
1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.
In short, Bitcoin solves massive problems with the financial and political world, and that is its value.
And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.
-
@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential
For me, the most important feature of bitcoin is that it eliminates layers of fees from transactions. With this, the overall expense is decreased and the transactions are faster. There is also finite amount of bitcoin exists unlike fiat that the government can produce infinitely thus tiling the economy to their favor. Bitcoin provides a sense of freedom and security to its user because of anonymity. That is what made bitcoin valuable and important in today's society.
There seems to be resistance at the moment at 10 USD but if we can break this resistance point then the next two resistance lines are at 12k USD and 15k USD. I think that we are safe to say that once Bitcoin goes past the 15k USD resistance level, we will be able to declare that the bull run is in full swing. I do think though for this next bull run to be successful. We will need to get Bitcoin over it's previous all time high. I am hoping this time that Bitcoin will go to 30k USD. If it surpasses 30k USD that will be very good. Anyone who has like even ten Bitcoin will be quite well off at that time. Where I live with 300k you can buy land and build a nice 3 bedroom villa with a swimming pool.
The price depend on demand. Bitcoin is the most reliable, has a graet potential and its popularity is rising day by day, because easy transactions with low cost. It is decentralized, safe.
Bitcoin is valuable because of its huge help in the community and its benefits for every person. Bitcoin makes transactions safe and fast. Bitcoin has a future waits ahead.
Bitcoin is the first successful application of block chain technology. I think the biggest value of bitcoin is to solve the trust problem between people. This allows us to exchange without borders, without geographical boundaries and without time limits, and allow many industries to cooperate.
Bitcoin is valuable for its Uses, demand, low fees in transaction compared to bank, fully personal authorization, price, future potential and so many cause behind this.
You are right, which makes it worthwhile is its function. bitcoin is used as an investment tool, and use for transactions. many people take advantage of the increase, and decrease in price. because of that, the demand for bitcoin is growing.
Bitcoin is valuable for its Uses, demand, low fees in transaction compared to bank, fully personal authorization, price, future potential and so many cause behind this.
Price of commodity depends on:
1. Utility : The price of something depends upon the quality of the commodity; the utility and necessity, urgency, scarcity etc. A man when is thrusty the water is most valuable thing for him at those moments; in case of scarcity non availability he may be ready to give anything as the price of water to quench his thrust. The quality is also one factor behind fixing the price of certain commodity. We can say because of it's quality of simple tradability, anonymity, no boundry transactions bitcoin has certain value.
2. Demand & supply: the price depends on demand and supply too. When their is more demand than supply the price will be rising but when supply is more than demand the price may fall.
so bitcoin is valuable due to above reasons.
1. Utility : The price of something depends upon the quality of the commodity; the utility and necessity, urgency, scarcity etc. A man when is thrusty the water is most valuable thing for him at those moments; in case of scarcity non availability he may be ready to give anything as the price of water to quench his thrust. The quality is also one factor behind fixing the price of certain commodity. We can say because of it's quality of simple tradability, anonymity, no boundry transactions bitcoin has certain value.
2. Demand & supply: the price depends on demand and supply too. When their is more demand than supply the price will be rising but when supply is more than demand the price may fall.
so bitcoin is valuable due to above reasons.
Bitcoin is a valuable assets and is going to be more valuable in coming days because of some reason:
1. It is safe by all means i.e. theft/ government taxes / Banks unnecessary fees etc.
2. world wide recognition.
3. it is fast.
1. It is safe by all means i.e. theft/ government taxes / Banks unnecessary fees etc.
2. world wide recognition.
3. it is fast.
Main thing is its rate of value. Bitcoin is a safe platform to trade, whatever it is if they had crisis they overcome from it very easily .The another one is its popularity.
bitcoin is valuable because of limited supply and peer to peer transaction with blockchain as intermediary transparency open ledger all these features made Bitcoin coin value more demand
Technological developments are increasingly advanced so as to make bitcoin can be a payment to buy and pay for something you buy so bitcoin becomes frequently used for several payment methods. And I think that's what makes most bitcoin prices have selling points
They will not systematically depreciate because of the emergence of a new currency but this becomes costly due to the increasing complexity of the generation. 
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