Topic: What makes Bitcoin valuable? - page 12. (Read 2956 times)
It is none other than that long list of the advantages and the characteristics which bitcoin is having which is helping bitcoin is gaining so much of fame and reputation in the international market as well as among the common people. The thing is bitcoin is becoming more popular with every passing day and that time is not too much far when bitcoin will become the world’s most popular currency..
Bitcoin was the first successful blockchain technology and the success now in the 9 years of existence. It might not have a governing body but have a very efficient team and always making significant development. The volume has always been high, which shows high acceptability.
-First about Bitcoin's ability to keep someone from spending the same money over and over again. For systems running without central use, the method used by Bitcoin is brilliant. Bitcoin is able to transform the Internet from a data transfer system into a value transfer system.
-The two are very cheap Bitcoin transaction costs even close to 0, giving users more benefits when compared to credit card transaction costs that account for 5% of the total money spent.
-Three ease of detecting cheating in the system. Just as many credit card information and inappropriate credit card theft are found in the Bitcoin system it is difficult to do and will be instantly detected.
-The fourth is due to the public's belief that Bitcoin has value.
-The two are very cheap Bitcoin transaction costs even close to 0, giving users more benefits when compared to credit card transaction costs that account for 5% of the total money spent.
-Three ease of detecting cheating in the system. Just as many credit card information and inappropriate credit card theft are found in the Bitcoin system it is difficult to do and will be instantly detected.
-The fourth is due to the public's belief that Bitcoin has value.
Bitcoin is one of the most trusted currency in the online market.There are many coin who start there journey with bitcoin most of them are going to scammed.On the other hand bitcoin change many peoples life.Bitcoin is the safe and powerful currency.Its true bitcoin is the big source of income now.Many people now invest in bitcoin because it solves financial problem in a very short time.One of the biggest causes of makes valuable bitcoin is if any one invest in bitcoin they earn more money then any other site or business.....😊😊😊😊😊
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I think compared with the money physical, easier to invest bitcoin. However, the negative side of the bitcoin there are many fraud Associated with bitcoin. bitcoin seen valuable because decentralized. I think since there is taxed in some countries and away from the government, the demand for bitcoin increased so that the increase the value bitcoin.
Ok, that's big value points! But what about the formula that gives the bitcoin price?
The price of Bitcoin is totally depends on demand and supply. Demand of Bitcoin is increasing. That's why it makes it valuable. Now question is why demand is increasing. One thing that I think it's promotion style. People gone mad to get it. Second thing which I think it's decentralization. It can use for online payment world wide easily.
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
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
Bitcoin is valuable to the economy because it created jobs for the people. It is also so special because the identity of its user is secured. People can use their money faster when having transactions with other industries that are far away. Bitcoin is so much important innovation because it change the monetary system in the online market.
Bitcoin is valuable because of one thing- demand.
If there would be no demand the price would be 0 - valueless .
Nevertheless the tech and pros and cons, there should be demand.
If there would be no demand the price would be 0 - valueless .
Nevertheless the tech and pros and cons, there should be demand.
That is true, but I think the question will be why there are any demand for bitcoin?
To me, firstly it is the first coin ever created, it is where all this began
Second, its fixed supply
Then, it is the only coin that has been tested for years and proven worthy
Because many people interest with bitcoin. Demand of bitcoin is very high so bitcoin valuable. People interest with bitcoin because bitcoin very unique and their system is decentralized and the transaction very transparant.
For me bitcoin itself makes it valuable. Without it there will be trading and other ways of having money. It makes it valuable because of the fact that it's able to help other people on just using or investing here
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
The law of supply and demand are the reason why bitcoin is now so valuable. Bitcoin has limited supply and the demand of the people to bitcoin is rising up. The outcome of this scenario is the increase of value of the bitcoin. 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
Not only that all reasons why bitcoin is valuable but the one and most common reasons why bitcoin is valuable its because there are so many people wants to hold and dont want to sell so the demand is too high and the value is high too.
So far that we have been using as money is Fiat currency has always been governed and produced by a central authority.If you analyse this money it's been loosing it's value year after year.Just calculate the worth of 10000 rs today and and compare it it's worth in year 2000 , what all could you do with the same money. Govt prints this money as per their need and moat of the time to safeguard themselves. It's not backed by gold any more. So can be printed anytime as a result loosing it's value. Contrary to that bitcoin is limited in supply just 21 million in circulation. And it offers cross border payment instant,, recognised all over the world unlike Fiat currency which is recognised one their own national.Due to its global nature, easy to use internet based money and limited in supply ,people are trying to get the hold of maximum BitCoin they can since this is the future currency. The currency of internet Era. You also get the hold before its tool late. All the best.
I think. Bitcoin is valuable. What makes it valuable! The uses, acceptance, safety, transaction fee etc. make it valuable. You can look at the digital world. World want it. People used to love it. Yes, BTC do solve political, financial problems beside these it also make a great source for investing and earning. All these make BTC valuable.
In Bitcoin, we can earn money by working, and whatever we earn from Bitcoin, we get it in the form of crypto currency. And crypto currency is the future. We do not need any bank to use this currency. Bitcoin is becoming more valuable for some such reasons.
Bitcoin is valuable because of one thing- demand.
If there would be no demand the price would be 0 - valueless .
Nevertheless the tech and pros and cons, there should be demand.
If there would be no demand the price would be 0 - valueless .
Nevertheless the tech and pros and cons, there should be demand.
I agree to this, in addition Bitcoin is very easy to access. Just have pc or a phone and your all good.
Because many people interest with bitcoin. Demand of bitcoin is very high so bitcoin valuable. People interest with bitcoin because bitcoin very unique and their system is decentralized and the transaction very transparant.
I think the rapid growth of its price is the main reason for being a valuable currency in recent time. Day by day Bitcoin is getting more and more valuable around the world and people are getting engaged in this platform at a high rate, they are trading and investing their money in this blockchain system.
I think that the most important factor is the uniqueness of bitcoin, it has no master! In addition, only 21 million coins will be finally released, which gives it even more value!
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