Topic: What makes Bitcoin valuable? - page 33. (Read 2956 times)
Well bitcoin was the kind crypto currency ever so it has gained some popularity and trust among people which has raised its demands greatly.And with it's demand the number of bitcoins isn't unlimited it is only up to 21 million.Bitcoins are also valuable because it is anonymous and decentralised which peek interest of many people and bitcoin are great for long term investment.
Bitcoin is valuable thanks to people who buy it, thereby creating a demand for it. And they buy it because they hope to earn much more than they invested.
which makes valuable bitcoin a limited number and more people are hunting it, bitcoin is the first digital currency created by the now popular satoshi nakatomo and the world's talk
which I know bitcoin is valuable because it is getting rare and many investors are buying bitcoins for the future and for trading. bitcoin is in the interest of everyone because bitcoin in the future will be more expensive.
what makes bitcoin valuable is the bitcoin itself. bitcoin is the first cryptocurrency coin.
bitcoin's demands increased from time to time each year, so the price of bitcoin will be increased too.
bitcoin's demands increased from time to time each year, so the price of bitcoin will be increased too.
For those who do not trust banks and traditional financial institutions, bitcoin is of particular value. The demand for bitcoins is constantly growing, it is becoming more widespread and therefore it grows in price.No authority can influence the price of bitcoin. This currency is decentralized Bitcoin is not subject to inflation and it forms its high price.Speculation also affects the value of cryptocurrencies
Whatever it is the advantages of bitcoin that can lift bitcoin to have a value, it's good if we keep trying to act more positively and directing all the advantages of bitcoin to be a more positively impressed, also have a good impressed among the entire governments.
That way., maybe bitcoin value will be more valuable again.
That way., maybe bitcoin value will be more valuable again.
To me, it is valuable because it has extrinsic value through its conversion vis-a-vis dollar. (I am focusing onto this because up to now, there is no clear demarcation as to where Bitcoin lies, at least to most countries that I know. And this, we cannot blame on the various governments because they are at liberty by virtue of their sovereignty to decide what they think is best for their people.) By converting the same to fiat, we can use it for our daily necessaries. Hence, all Bitcoin investors desire to protect their Bitcoin wealth because they know it has value especially in terms of conversion.
In my own opinion bitcoin makes valuable because of its high value and a lot of people considering that bitcoin is one of the solution in terms of financial needs. Aside from that bitcoin is nontaxable, uses for online payments system and easier to transact from country to another. Bitcoin cannot be hacked easier and the security stricted.
Not the value itself bitcoin is the mother of all other altcoin since it's decentralized in nature no one has a full control of it. Like any kind of new business introduced in the market get the attention of possible investors. The secured system also gives an assurance and invite people to participate in the business.
Those points you mentioned are good. But if you ask me, the major thing that gives bitcoin is value is crowd acceptance, but obviously is those qualities of bitcoin that makes the crowd demand for it in the first place.
Bitcoin is seen as valuable due to it being decentralized. In my opinion, since it is non-taxed in some countries and away from the government, the demand for bitcoin increases thus increasing the value of bitcoin. Compared to physical money, it is easier to invest with bitcoin. However, the downside of bitcoin is there have been numerous scams with regards to bitcoin.
Bitcoin is popular for the following reasons:1. Block chain technology
2. Decentralized nature
3. Limited Supply
4. Increasing demand
For me Bitcoin has been useful to buy various services online. Before Bitcoin was popular, PayPal was the most common method to make overseas payment. But they were a bunch of scammers who would ban account, hold payments and what not. They also had high fees. But with Bitcoin I can easily buy/sell if without getting scammed by a third party and have to pay very less fees. This is what Bitcoin was created for and it is fulfilling it's purpose.
the real thing that makes the bitcoin to be valuable is everyone involved bitcoin.
Many of the factors that make it worth one of them are due to the improved technology promised by Bitcoin through system changes. Bitcoin developers are promising Bitcoin scalability enhancements through a new method called Segregated Witness (SegWit) to provide additional space for more transactions. With increasing scalability, the problem of increasing transaction cost is expected to be overcome.
Many of the factors that make it worth one of them are due to the improved technology promised by Bitcoin through system changes. Bitcoin developers are promising Bitcoin scalability enhancements through a new method called Segregated Witness (SegWit) to provide additional space for more transactions. With increasing scalability, the problem of increasing transaction cost is expected to be overcome.
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.
Yes i agree to all of this, it is safe because of decentralization and anonymity of users. The fluidity of bitcoin in terms of transacting is pretty great, in addition to that its faster than usual. Bitcoin cannot be duplicated as it has a unique electronic codes with significant values which i guess that is very hard to counterfeit unlike traditional money. Lastly, its prices is incredibly high than the other cryptocurrency. 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.
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.
I think because bitcoin is the first currency that has a good security system, and also easy to use in various countries. but the regulation is not yet comprehensive in all countries.which makes bitcoin as valuable as possible because of the limited supply of bitcoin, and also many people who want bitcoin, so the bitcoin price is rising and will continue to rise quite rapidly...
Yes, you are right that Bitcoin is the world's first currency that is very valuable and very good security system. I think in today's era, bitcoin in every country is higher but it is true that the laws of all countries are not compatible with it. But everyone asks bitcoin and that's why they are very valuable and I know that the price is going to be higher and that is why every kind of people's financial needs are fulfilling. 
I think because bitcoin is the first currency that has a good security system, and also easy to use in various countries. but the regulation is not yet comprehensive in all countries.which makes bitcoin as valuable as possible because of the limited supply of bitcoin, and also many people who want bitcoin, so the bitcoin price is rising and will continue to rise quite rapidly...
For me, the decentralization is the core element which makes it valuable. We don't have to wait for approval of the third party to transfer the values across the globe. It's the greatest benefit I seek from this innovation and it not only helps to save cost but also it saves tremendous amount of time if we are considering the long term time scale. This technology is the greatest gift for the international individuals / business entities in my opinion.
it is also the usage of bitcoin that makes it more valuable. Satoshi created a decentralized payment system for anyone to use without any problems or restrictions. and as bitcoin gets closer to being a real currency instead of just being for speculation, the price of it grows and that makes it more valuable.
that is why i am very excited about Lightning Network because it helps with the currency aspect of bitcoin with fast transactions and low fees. hopefully we can get cheap on chain transactions back so that LN can work better.
that is why i am very excited about Lightning Network because it helps with the currency aspect of bitcoin with fast transactions and low fees. hopefully we can get cheap on chain transactions back so that LN can work better.
I strongly agree on your opinion that, it is also the usage of bitcoin that makes it more valuable and Satoshi created a decentralized payment system for anyone to use without any problems or restrictions. And adding also my opinion that, These are anonymity and the possibility to make international transactions for a very small fee and its also a decentralized currency, which is very important. In addition, Bitcoin has a limited supply and the basic economics system which is supply and demand works in BItcoin. On the other hand, BTC is valuable, because it is valuable, the same reason anything else is, something is worth what someone is willing to give/trade you for it.
There is a few think that bitcoin makes valuable.I will tell only two that's matter to me. Bitcoin is first digital currency based on blockchain technology which is really safe for use. Then you can send "money" anywhere on the world really fast and with little fee.
Well that's one of the reasons makes bitcoin valuable it can used for transactions sending and receiving money worldwide. One thing has a good impact the privacy than normal transaction this could also be good in using bitcoin and adapts more users. Jump to: