Bitcoin is very valuable.One thing that makes it very valuable is that it can be an aid in the financial needs of people.Through bitcoin someone can gain and earn so much money.Someone can make their time and effort so very productive.
Topic: What makes Bitcoin valuable? - page 17. (Read 2956 times)
In my opinion, what makes bitcoin valuable is:
-Used value
- It is the first co-algorithm in the world
- The technology behind it, is the blockchain
High security
High liquidity
Limiting inflation is counterfeiting
And most importantly, the supply is limited and not controlled by the government
-Used value
- It is the first co-algorithm in the world
- The technology behind it, is the blockchain
High security
High liquidity
Limiting inflation is counterfeiting
And most importantly, the supply is limited and not controlled by the government
Bitcoin is a perfect combination of transparency and privacy. It's good for a particular group or a particular group.
Not everything needs to be valuable to everyone, even if it is valuable to some people.
BTC has been alive and well in people's controversy now!
Not everything needs to be valuable to everyone, even if it is valuable to some people.
BTC has been alive and well in people's controversy now!
For me bitcoin is valuable because it is a currency which convertable into different currencies like pesos or dollars, and it is decentralize currency that makes it valuable.
the thing that makes bitcoin worth a lot of people who want bitcoin. with the limited number of coins and the increasing demand of bitcoin makes the bitcoin a bone of contention, so the price becomes very expensive
Bitcoin is so valuable nowadays, because firstly it is the first crypto currency that has gained such popularity, besides the number of coins issued will be 21.000.000 (most of which are lost), which gives it even more value!
What makes Bitcoins valuable is its unique feature. Bitcoins are safe. These digital currencies offer faster way of digital transactions. It also offers high returns to investment.
Although each country has its own currency, bitcoin remains present and enters it. Bitcoin knows no national borders, does not waver due to political conditions in government, and is not affected by anything.
Looks like BTC will jump on weekend ? 
I point of view of the technical factor bitcoin makes available the technology and the process by which it is extracted. Well, the rest: bitcoin is recognizable and has gained a certain level of trust in crypto-enthusiasts
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.
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@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
8. Its value is governed only by the interaction between supply and demand.
9. Despite its high volatility, its price has always followed an upward trend over time.
high price, fast, easy transactions with low cost and free of state tax and very easy account creation process without requiring tight personal data support make bitcoin very valuable and many people want to have bitcoin.
Value is a consequence of demand. Demand occurs for something if that thing is convenient/beneficial for someone. In our case, bitcoin is valuable as it is demanded by people because people can spend it in turn for other things that have value to them. Bitcoin accepting shops, e-commerce stores, being able to buy fiat money with bitcoin, etc. are some of the many factors that generates bitcoin's value.
Yeah, BTC technology is rather old and insufficient while there are a lot of criptocurrencies with more progressive technologies. However, BTC was the 1st criptocurrency and it is still used as measure for other coins (BTC pair is main at exchanges)
Bitcoin leads the pack of cryptocurrencies that have a major and important characteristic - Decentralisation. It allows investment, transfer of asset and the proper requisition of data and storage of information a desirable and path to development.
Theres easy to explain what bitcoin makes so much valuable. The demand for bitcoins. SO if there a lot of people who want to buy bitcoins, you can be sure that the price will go up. So the question is, why are bitcoins to famous? FIrst of all, all looke at the past of bitcoins. On the start, one bitcoin was worthless. People just send for fun some bitcoins arround. Soon people saw that you can use it to buy some stuff with it. So it looks like there a fast and anonymous way to pay something. ANd then the time from darknet beginns, and the demand for bitcoins explode!
it is likewise the utilization of bitcoin that makes it more significants,Satoshi made a decentralized installment framework for anybody to use with no issues or limitations. furthermore, as bitcoin motivates nearer to being a genuine money rather than simply being for theory, its cost develops and that makes it more significant.
that is the reason I am extremely amped up for Lightning Network since it assists with the money part of bitcoin with quick exchanges and low charges.
that is the reason I am extremely amped up for Lightning Network since it assists with the money part of bitcoin with quick exchanges and low charges.
Bitcoin mdkes valuable - his unique feature. Bitcoins are safe. These digital currencies offer faster way of digital transactions. He also offers high return from investments.
Let me give you some knowledge ..
if in my opinion
Factors that affect bitcoin rise gradually because:
1. offer and demand on the market
actually in the trading system / market either digital or physical not far from the cause of demand and supply, if demand more than the offer then its price will rise, and vice versa.
2.wealth
as is the case in Indonesia illegal goods transactions with bitcoin captured by police,
news can affect market / bitcoin users.
3. bitcoin holders and total amount of bitcoin
bitcoin overall 21 million,
For example, in 20 million users wallet has 18 million btc, the remaining 3 million, while people who want to have it grow, automatic btc prices will rise gradually along with many of them who want btc.
may be useful....!!!
if in my opinion
Factors that affect bitcoin rise gradually because:
1. offer and demand on the market
actually in the trading system / market either digital or physical not far from the cause of demand and supply, if demand more than the offer then its price will rise, and vice versa.
2.wealth
as is the case in Indonesia illegal goods transactions with bitcoin captured by police,
news can affect market / bitcoin users.
3. bitcoin holders and total amount of bitcoin
bitcoin overall 21 million,
For example, in 20 million users wallet has 18 million btc, the remaining 3 million, while people who want to have it grow, automatic btc prices will rise gradually along with many of them who want btc.
may be useful....!!!
all of that okey but in my opinion due to being first crypto currency in market and market builder.
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