Topic: What makes Bitcoin valuable? - page 6. (Read 2965 times)
Bitcoin is the founder of the crypto currency and is the strongest coin, all the other coins depend on it! In addition, only 21,000,000 coins will be issued, large of which are lost
There are so many reason involves. Blockchain technology used make bitcoin free from fraudulent transaction. That why soon Bank will adopt the use of Blockchain technology. Bitcoin has a global acceptance and is less volatile than cash local currency. Due to this feature, it becomes easier to conduct transactions across boundaries and online. With so many reason which will begin to count they will not finish now. I love this digital currency 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
ya.. good point.Bitcoin is most valuable crypto..Make sure 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.
It is decentralized and uncontrolled by government. It is a good value
I believe that Bitcoin is valuable because it has a lot of good things to bring, it is an awesome digital currecny, it is decentralized and secure, it is a great asset too. It givves a lot of people means to earn decent amount of money, even earn a living for some. It has a lot of good things to bring that is why the demand is really high and since that we akk know that Bitcoin has limited supply of just 21M so the higher the demand the higer the value will be.
The amount of available Bitcoin is limited and the known number is only 21 million, Similar to gold or diamond that can be traded for a certain value.
actually how do people think about bitcoin as different as you say but in my opinion bitcoin has the advantage not only that you write but much more because everyone feel the prestige in the world crypto too different too.
the more favorable is the system in bitcoin is not as complicated as the bank
the more favorable is the system in bitcoin is not as complicated as the bank
What makke bitcoin valuable? I think the bitcoin porpuses like you can earn trough investing on it also you can use it for payment system,bitcoin has the power of blockchan and this wasnso very good to use,i think this is the main reason why bitcoin has valued in our community.
bitcoin is valuable because bitcoin has a very high exchange rate, good security level, and can not be faked or cracked, so everyone really wants it
Now the most valuable thing about bitcoin its the price, from 0.1$ in 2010 to around 9000 now, huh? Huge profit for any investors that holding btc
Most people think that it is the trade volume only make the price
of bitcoin goes up in value but that's not fairly true, I would say why bitcoin
gets so valuable is by the community involvement and the demand of buying
bitcoin.
of bitcoin goes up in value but that's not fairly true, I would say why bitcoin
gets so valuable is by the community involvement and the demand of buying
bitcoin.
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.
Bitcoins become valuable because of the interest of different people, cryptocurrency before is not that expensive but as the time goes by, there are a lot of people who started to invest and the demand keeps on growing and from there, bitcoins become so much expensive.
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
there are many things that makes bitcoin valuable to many people here in our society. For me, there are many things that makes bitcoin valuable like bitcoin is very secure i think so, because there are many hackers and scammer here in bitcoin. Bitcoin is fast earning to make people wealthy and give them an opportunities. 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 think which makes Bitcoin even more valuable at this point is to have a good price and very good for trading sell and buy.
Bitcoin can help the economy of the people who are less able and can make money for the needs of people living. for me Bitcoin is everything and it is very valuable.
Bitcoin can help the economy of the people who are less able and can make money for the needs of people living. for me Bitcoin is everything and it is very valuable.
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.
For being a decentralization.we all know how bitcoin really valuable about that.And not only that because right now in terms of an online income bitcoin is still number one. 
There have many reasons that help bitcoin to be a valuable Coin of all time. Like bitcoin hasn't any tax fee, Bitcoin is not for any specific country rather this coin using worldwide. This is the first revolutionary coin in the cryptocurrency platform. Bitcoin is the first biggest decentralized platform. There has no exact owner of bitcoin. And, now lots of people trust on bitcoin. Bitcoin hasn't any government or governments rules. So, all these things made bitcoin valuable. This is my opinion.
Thank You.
Thank You.
Nothing really so far in my opinion, not many people use it for day to day life yet.
Really it all boils down to what people are prepared to pay for it. Bitcoins rise to a mainstream name were everyone knows what it is buy name and how people have become overnight millionaires have fanned its fire. We seen at the tail end of last year when prices went from 3k to over 10k in a matter of weeks media created hype and everyone wanted some.
Bitcoin derives its unique value from the fact that despite its lack of official backing or wide acceptance, it has generated an ecosystem in which many people are willing to trade and accept it. In fact, some perceive bitcoin to be more valuable, or more useful, than other currencies in that it is a better option for certain purposes, such as seamless digital transfers and use across borders.
bitcoins derive their value just as anything else does: because people want them. Like any other currency, bitcoin follows the basic rules of supply and demand. Currencies have always been useful tools to make trade easier, enabling holders to convert goods into a widely tradable commodity through sale, then use the proceeds of that sale to purchase nearly anything they wish.
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