Topic: What makes Bitcoin valuable? - page 29. (Read 2956 times)
Bitcoin has given so many advantages to its user that no other coin can give.Bitcoin price is another strong point of Bitcoin that makes it valuable more than any other cryptocurrency.Bitcoin transaction is super fast and smooth also Bitcoin is known to worldwide.Bitcoin will serve us more 100 years atleast so we can trust trust Bitcoin blindly.
Bitcoin provides a unique service: financial transactions do not require the government to issue money or a bank to process payments. Bitcoin is not like a currency, nor gold. If no one accepts this payment technology, then the value of this currency is zero
Many people mistakenly think that the value of Bitcoin is the amount in fiat currency. The value of bitcoin lies in its usefulness. That's where you want to get Bitcoins. No organization can intervene and control.
The value of bitcoin is reflected in the security of the purchase and payment. Its essence is not a lucrative investment tool. Bitcoin was originally intended to be an instrument for transferring anonymous, decentralized, and safe human-to-human value.
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
There are lots of advantages of bitcoin, so this advantages makes bitcoin valuable and popular today. Bitcoin is totally safe and it has a secured application. Bitcoin is fast to any aspects, fast in investing, in paying, in trading etc. 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 in particular has gained popularity in recent time. Bitcoin, like gold has value because people believe it has value.. is thought to have intrinsic value because of its applications in industries like dentistry and electronics. bitcoin has a great future.
That is likewise one issue that bitcoin is very important currently, the large resources of bitcoin is that the purpose at that you contributed on bitcoin you have got a profit. This benefits the overwhelming majority want that they need attained profit on bitcoin despite the actual fact that they hold at their notecase and sitting tight for an accurate time, this trusty and exceptionally encouraging coins was quickly unfold and fits the overall population on these lines. a lot of monetary specialists the a lot of bitcoin price important to the market.
which makes the bitcoin valuable is from miners who continue to actively trade in buying and selling. he is always trading for the sake of making bigger profits .. let alone Bitcoin using peer-to-peer technology to operate without any centralized authorization or regulated by banking institutions. Bitcoin has many unique characteristics compared to traditional credit cards. As for international payments, transaction fees are low, transactions can not be changed for online stores, and offer transaction security through encryption.
Bitcoin has become famous due to many other reasons too. If we talk about its present support, I think most of the investors spend money in Bitcoin due to the reason that they can receive huge amount of profits this way. Many other Crypto coins are decentralized too but none has achieved as much liking form public as this coin. It is also the first digital currency so mostly millionaires support Bitcoin. Only small investors invest in here and altcoins. i think it is basic. Value of bitcoin depends on "demand" and "supply". bitcoin has generated an ecosystem in which many people are willing to trade and accept it.
Bitcoin becomes valuabe because of its uses and features which people find convenience to used. People buy it, use it for online transaction etc. It means it has a demand and this demand fuels the price that it become valuable.
Database registers are not stored in one place, but on thousands of computers of users who are members of the system. The registry is constantly updated automatically and is supplemented by data
Bitcoin is valuable because it is a virtual currency that is gaining popularity and value. Whatever has value will be valuable. It indeed is a gresat thing to see the market heal and the bitcoin price recover.
This was the reason that the transfer of the address is not forbidden, but the private key should be hidden as much as possible. Participants basically do not have to use Bitcoin-keys.
i think it is basic. Value of bitcoin depends on "demand" and "supply". bitcoin has generated an ecosystem in which many people are willing to trade and accept it.
Like money and gold bitcoin is valuable as both a means of exchange and a store of value, basically it is all of this items hold value because people want to exchange them for things they value
which makes the bitcoin valuable is from miners who continue to actively trade in buying and selling. he is always trading for the sake of making bigger profits .. let alone Bitcoin using peer-to-peer technology to operate without any centralized authorization or regulated by banking institutions. Bitcoin has many unique characteristics compared to traditional credit cards. As for international payments, transaction fees are low, transactions can not be changed for online stores, and offer transaction security through encryption.
The people who invest in bitcoin are what make it valuable nothing else. If people stopped investing and everyone sold the value of bitcoin will crash to zero. Just like any other market, it is the human factor and input which determines its value
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.
You are saying right. But actually, the price of Bitcoin depends on the current balance of a demand and an offer. In the earliest times Bitcoin was very cheap, one guy even bought a pizza for 10000 (!) BTC. I think the people on the crypto exchange markets make Bitcoin valuable. 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.
Im agree with you, bitcoin has a lot of advatanges that's why bitcon is valuable. It helps many people around the world and many investors invest in bitcoin because they know bitcoin is worthy.
Enterprises and individuals began to use it more often as a payment or an opportunity for investment. Bitcoin has become a recognized and accepted currency and is used as a means of calculation and as an investment.
Well, inclusive to the obvious points you raised, bitcoin has derived its high value for these other reasons:
It is the first birthed and still very functional Cryptocurrency
It is even still more popular than any other Cryptocurrency; to the lame person.
It is still very relevant in the purchase of mist altcoins.
It is the first birthed and still very functional Cryptocurrency
It is even still more popular than any other Cryptocurrency; to the lame person.
It is still very relevant in the purchase of mist altcoins.
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