Topic: What makes Bitcoin valuable? - page 16. (Read 2929 times)
Yes, obviously BTC is decentralized currency. BTC is an initial crypto currency so it has worth in trade market. BTC is trend maker and fortunately it is on the peak. And BTC merged with Blockchain, and we know Blockchain is integrate companies and all their assets and money into one platform. So these points makes this valuable.
The many benefits offered by bitcoin are definitely the main ones. I think the presence of demand and supply also affect the value of bitcoin.
because the higher price puts Bitcoin in a privileged position in the eyes of many people, especially those interested in making a profit from the price difference. Not a few writings that praise this system as a revolutionary mechanism in solving many cases, especially in the financial world.
bitcoin is the most valuable coin in crypto because it is the first cryptocurrency.
dont forget about the circulation supply too. for now only 17mil coin in circulation, thats very low.
dont forget about the circulation supply too. for now only 17mil coin in circulation, thats very low.
The community. The community dictates the demand for Bitcoin. The higher the demand, the higher the price will be while the supply is getting smaller. The lower the demand, then price may remain stagnant. It's the same for any other commodities that are being patronized. The more this commodity is being used with less supplies, the more its price will increase. This is why super cars are so expensive. Aside from their features being like out of this world, the production is so few. Manufacturers would only make a few units (like a limited or exclusive edition) and then sell them at a high price, which is crazy! Same with Bitcoin, time will come where there will only be a limited Bitcoin supply with a crazy high value! I don't think we would even be alive to see that moment...
equations bitcoin and supercar cars can be used as the answer why bitcoin now has a valuable value. today bitcoin stocks around the globe are limited and will probably make it even more valuable if stocks are few. so I think that's the answer why bitcoin has value. 
The community. The community dictates the demand for Bitcoin. The higher the demand, the higher the price will be while the supply is getting smaller. The lower the demand, then price may remain stagnant. It's the same for any other commodities that are being patronized. The more this commodity is being used with less supplies, the more its price will increase. This is why super cars are so expensive. Aside from their features being like out of this world, the production is so few. Manufacturers would only make a few units (like a limited or exclusive edition) and then sell them at a high price, which is crazy! Same with Bitcoin, time will come where there will only be a limited Bitcoin supply with a crazy high value! I don't think we would even be alive to see that moment...
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 a great currency because it is faster and cheaper in terms of the fees you spend in online shopping. Bitcoin also provides the user identity security because it is anonymous. Aside from it, bitcoin is important not just because it is a currency bur because it is also an asset for investment. All of these reasons is why bitcoin is so much valuable in today's economy.
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 bitcoin makes valuable because of the earnings that the bitcoin give from the bitcoin users. The bitcoin is important to me because of the money that i earned here in bitcoin, the bitcoin only is my source of income so the bitcoin is very important to me.
I think that the value of bitcoin is attached to people's faith, because without this bitcoin would not cost anything! It is more correct to ask what gives people confidence in bitcoin. I think that two things: the desire to earn and the hope that the price will increase many times. And the fact that in the future bitcoin can completely change the financial system of the world!
Bitcoin has already changed the global financial system in many ways. Of course not official, but at least in the minds of the financial market system has become much clearer. And this is largely thanks to bitcoin and blockchain system. 
I think that the value of bitcoin is attached to people's faith, because without this bitcoin would not cost anything! It is more correct to ask what gives people confidence in bitcoin. I think that two things: the desire to earn and the hope that the price will increase many times. And the fact that in the future bitcoin can completely change the financial system of the world!
I do agree with you. 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.
I think that bitcoin is the ancestor of the crypto industry and besides, bitcoin has no master, which is a huge plus!
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
You have mention most of the principles that makes bitcoin a valuable one but you forgot one thing. The network size. Most of the bitcoin value was attributed also due to the size of its network, please refer to the Metcalfe's law as a reference to the value of bitcoin network. That's why it keeps getting value. Same as the social media like Fb and Twitter. the value of the network increases as the network interconnected in it exponentially increases.
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 a great currency because it is faster and cheaper in terms of the fees you spend in online shopping. Bitcoin also provides the user identity security because it is anonymous. Aside from it, bitcoin is important not just because it is a currency bur because it is also an asset for investment. All of these reasons is why bitcoin is so much valuable in today's economy.
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 because the transactions made are secured and fast. It changed how buying goods and services are being processed. Bitcoin is also valuable to the society because jobs have been created out of it. Every investment is precious for every person because it is an opportunity to change ones life for the better.
You have listed almost all the benefits of bitcoins. I would like to add one more to it that it makes carrying huge amount of cash so easy.
in my opinion bitcoin makes valuable the trust of people who buy it, and the miners who support the network of bitcoins.
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
I do absolutely agree with the things mentioned. But surely,the biggest thing which makes Bitcoin valuable is the contiuous increase on its market value for a long run which also gives to the investors and its users. This concept is what attracts people to invest. The profit that its users are getting is what makes Bitcoin valuable. 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
What makes bitcoin valuable is nothing more than we the members of the community that demand for it. Our demand for bitcoin which is higher than the supply for it that create value for bitcoin and any other altcoin.
The most basic thing that bitcoin is so valuable is that bitcoin is still ranked first and is still a reference for other coin. The rest may be because bitcoin has many enthusiasts than any other coin.
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