Bitcoin is more a speculative currency than a real currency, Bitcoin becomes very valuable because of its fantastic price, expensive price is not just anyone can buy it.
Many communities touch almost everything that makes Bitcoin worthwhile, we need a lot of capital to have Bitcoin.
With a high price, Bitcoin can always be even higher.
So, the rise of Bitcoin is really unlimited.
Topic: What makes Bitcoin valuable? - page 24. (Read 2956 times)
Lately, the name Bitcoin is being discussed a lot. What makes this virtual currency busy talking about? Because in recent months the value of Bitcoin has continued to increase dramatically to the number of Rp243 million
With such a high value, many people who had not glanced at Bitcoin became interested in investing here.not surprisingly, because with such rapid growth, making Bitcoin a hot investment commodity though not yet fully trusted.
With such a high value, many people who had not glanced at Bitcoin became interested in investing here.not surprisingly, because with such rapid growth, making Bitcoin a hot investment commodity though not yet fully trusted.
why is bitcoin so valuable? because bitcoin is the first crypto currency created, so bitcoin becomes the benchmark for the price of all crypto currencies. and bitcoin becomes very valuable due to the limited amount
Bitcoin is valuable because of its high value. Government from any country may have hard time in tracing and adding of taxes in every transactions made. Bitcoin is safe with a secured application. Bitcoin is fast in investing, in paying, in trading etc.
Because bitcoin offers a transaction (wherever and however) safely, easily and in a short time. Yep, practical. From it all draws public trust, from the trust of more and more demand and makes the bitcoin price higher. Well, this public trust is the background of bitcoin value.
Cryptocurrency is an excellent way of investing and carrying out charitable activities. I heard about many examples when cryptocurrency was used as donations. This is most obvious way for good using Bitcoin.
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
among the mentioned I can add it, that Bitcoin is Simple when doing transaction.
just like when gadgets / android have Bitcoin barcode and vegetable shopping at Mall, we just stick our Bitcoin barcode to Bitcoin Barcode machine owned by Mall.
so no need to bother to carry a lot of paper money.
that's technological progress by minimizing the existing elements as simple as possible for satisfactory results.
Bitcoin isn’t like other currencies in that it is not universally accepted.Bitcoin has value because many people believe in it will make huge exchange future.And also more people put their time,energy,money and creativity into something the more they value it usually.
Bitcoin is too beneficial because of the fact that Bitcoin is safe and privacy, market demand controlling the price of Bitcoin and the future will be more improved and better than now. Bitcoin is the protector of cryptocurrency. For most of Bitcoin, this is an asset to the future like many other people's reasons for valuable Bitcoin.
I think that makes Bitcoin the most valuable because of its incredibly fantastic price. Bitcoin expensive price is not just anyone can buy it. Surely we will need enormous capital to have Bitcoin. But at the high price Bitcoin can always rise again higher. So the rise in Bitcoin is totally unlimited.
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.
Because of its cross-border capabilities, because of its anonymity, it began to be used on a large scale in the underground network, and more and more people began to hold and trade Bitcoin.
-
@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.
Because of its cross-border capabilities, because of its anonymity, it began to be used on a large scale in the underground network, and more and more people began to hold and trade Bitcoin.
-
@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential
Very interesting thread, a lot of the community touched on almost all the things that do make Bitcoin valuable.
My thoughts are that a big factor is the sheer amount of real money invested both directly in purchasing the coins, but also just as significantly, what I think of as hardware and electricity backed assets. I am focusing on this aspect because there are other coins with limited supply, yet Bitcoin for many reasons is #1 in terms of market cap. It is arguable that Bitcoin is like Digital Gold and some economists have said as much (of course Central Bankers couldn't say this
).
My thoughts are that a big factor is the sheer amount of real money invested both directly in purchasing the coins, but also just as significantly, what I think of as hardware and electricity backed assets. I am focusing on this aspect because there are other coins with limited supply, yet Bitcoin for many reasons is #1 in terms of market cap. It is arguable that Bitcoin is like Digital Gold and some economists have said as much (of course Central Bankers couldn't say this
).
The value of a cryptocurrency is the most interesting thing. The value (cost available to sell at) is very similar to the price (cost available to buy at).
The value and price is not set to any value. The price is set at watever people want to buy or sell it at.
When an exchange shows a price, it is actually the price of the last trade for that coin.
How do I know that bitcoin and other cryptocurrencies like experiencecoin will become more valuable? Because I heard a wallstreet guy talk about how they had a tiny bitcoin position, because there isn't enough liquidity (150 billion dollar market)
The value and price is not set to any value. The price is set at watever people want to buy or sell it at.
When an exchange shows a price, it is actually the price of the last trade for that coin.
How do I know that bitcoin and other cryptocurrencies like experiencecoin will become more valuable? Because I heard a wallstreet guy talk about how they had a tiny bitcoin position, because there isn't enough liquidity (150 billion dollar market)
Bitcoin, like gold has value because people believe it has value. If people value something, it is “valuable” to them. Often we attribute value to things simple because we can do something with it that cannot be done otherwise.
bitcoin is valuable because bitcoin total supply is very limited.
21 million is not a big amount. No wonder that bitcoin price now is the highest in cryptocurrency.
21 million is not a big amount. No wonder that bitcoin price now is the highest in cryptocurrency.
some people become easier in making remittances to friends away in this galaxy
with a low fee compared to conventional banks, bitcoin is more popular than others
with a low fee compared to conventional banks, bitcoin is more popular than others
Bitcoin is more of a speculative currency than an actual one. Most actual currencies are backed by reserves. Gold is a physical commodity. In contrast, BItcoin doesn't actually exist physically. Its value is created by what people think it is worth. Mainly due to the supply and demand which is due to its scarcity.
which makes bitcoin so valuable is the price of bitcoin coins because bitcoins can be accessed worldwide using internet networks and transactions are also done without a third party. and bitcoin exchange is very safe
Bitcoin has value because many people believe in it will make huge exchange future.Currently,bitcoin isn’t like other currencies in that it is not universally accepted.And The things bitcoin value is we can do something with it that cannot be done otherwise.
•Bitcoin is different that fiat (Government money) in that there is nobody forcing you to use it
•Bitcoin is neutrally,it is indifferent to where to where you were born,where you live,who you are,what you are buying
•Bitcoin has technical properties which make it much more flexible,programmable and reliable in certain situations
•Most of the value today is speculation because people believe it could replace many sections of our economy currently controlled by banks.
The more people put their time,energy,money and creativity into something the more they value it usually.
•Bitcoin is different that fiat (Government money) in that there is nobody forcing you to use it
•Bitcoin is neutrally,it is indifferent to where to where you were born,where you live,who you are,what you are buying
•Bitcoin has technical properties which make it much more flexible,programmable and reliable in certain situations
•Most of the value today is speculation because people believe it could replace many sections of our economy currently controlled by banks.
The more people put their time,energy,money and creativity into something the more they value it usually.
In my understanding of Bitcoin I believe the value of bitcoin is driven by investors and people who makes the price increases and decreases. The high demand for bitcoin made the prices incredibly high and pretty fast to burst that is why 2017's last quarter is great time for bitcoin to grow. And will continue to have value as more people are getting to know it more and more.
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