what makes bitcoin valuable? same as anything that people are willing to pay money for
anything and everything has its value only as long as there are some who are willing to pay money for it
this is why the word combination of a "good bitcoin price" makes me chuckle , supply and demand is what regulating the price combined with the things that influence both of them through mass media and news
bitcoin is valuable due to its deflatory mechanism , it also has a limited supply - that is scarcity
bitcoin can be used as a store of value and money , it cannot be cancelled or blocked ( well unless you can block internet )
bitcoin is easy to store , you can send large sums cheap and fast
all of this , plus a resistant algorithm makes bitcoin a valuable asset
Topic: What Makes Bitcoin Valuable? (Read 4874 times)
What makes bitcoin valuable because bitcoin makes simplicity in transactions without limits and distances and becomes easy and fast and shipping taxes or transactions are cheaper than bank taxes, besides being easy to use it is also very safe, especially you don't need to tell you your complete identity when you want to make a transaction.
and bitcoin has limited availability and is not like money with unlimited availability and continues to be produced, and that is what makes bitcoin expensive and bitcoin the center of attention because bitcoin is not controlled by anyone and any government and that is freedom for those who use bitcoin.
and bitcoin has limited availability and is not like money with unlimited availability and continues to be produced, and that is what makes bitcoin expensive and bitcoin the center of attention because bitcoin is not controlled by anyone and any government and that is freedom for those who use bitcoin.
The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.
If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.
Get up to speed on your Bitcoin education.
https://youtu.be/T4ltMvjGO5Y
If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.
Get up to speed on your Bitcoin education.
https://youtu.be/T4ltMvjGO5Y
There are many ways to educate yourself, if what you are looking for is research about technology is excellent, now in another order of ideas, if what you want is to learn to understand the market, it is already something more complex.
There are many types of operators, which are investors and market speculators, if you want to lean towards the speculative world, you must already have your address clear. For education about the market, I recommend Wyckoff's theory, it is applicable to all types of markets, be it the crypto market, stock market, among others.
I am a Wyckoff scholar, and I have given good results, the market movements directed in that vision, the results are extraordinary. I share this guide, although it is in Spanish, it is excellent for you to have an idea of Wyckoff: https://oscartrader.blogspot.com/
Because of the many requests for bitcoin and also many who use bitcoin is one reason why bitcoin becomes valuable. And what makes
bitcoin valuable because bitcoin is limited, unlike fiat or printing money. Therefore the price of bitcoin can be very expensive. And the
last reason why bitcoin is valuable is because of volatility which makes the price unstable, this can be exploited in the world of trading
for the opportunity to make a profit.
bitcoin valuable because bitcoin is limited, unlike fiat or printing money. Therefore the price of bitcoin can be very expensive. And the
last reason why bitcoin is valuable is because of volatility which makes the price unstable, this can be exploited in the world of trading
for the opportunity to make a profit.
For me, at the moment, Bitcoin is very important because it has a fairly high level of liquidity. I can exchange Bitcoin in any country.
only for you because high liquidity is only your concern but what about the others ? us that does not trade .we dont care at all about the liquidity but we are far more concern on the speed and other issues that bitcoin is facing . also , you cant exchange btc in any country because there are countries that bans btc .Quote
In recent years, a lot of goods and services are sold for Bitcoin. And this is wonderful, the cryptocurrency market continues to develop.
those are in recent years but today , btc got even better because the market of btc have already got widen . btc is indeed developing and that makes him so valueable
Bitcoins have value because they are useful as a form of money. Bitcoin offers transferring money over the internet and is controlled by a decentralized network with a transparent set of rules. It is a money free from dictatorship, oppression and hyperinflation, and a financial safe haven for anyone living under those circumstances.
I think bitcoin whitepaper explains EVERYTHING about bitcoin from beginning to the end. By starting bitcoin is a peer-to-peer digital currency that is fast, secure, and decentralized. All the other books out there are just trying to explain the bitcoin concept in a more simpler way and describable manner to the public.
Of course, if you ideally consider the value of Bitcoin based on the initial plans of the creator, then you really are right, but you also need to take into account the current trend in the cryptocurrency market, when the value of Bitcoin increases due to its volatility. To date, Bitcoin is primarily interesting in that this coin is a valuable asset that will bring good profit.
I think bitcoin whitepaper explains EVERYTHING about bitcoin from beginning to the end. By starting bitcoin is a peer-to-peer digital currency that is fast, secure, and decentralized. All the other books out there are just trying to explain the bitcoin concept in a more simpler way and describable manner to the public.
Bitcoin become valuable because the price become goes up and down. And once bitcoin pump up the price many are become happy.
Bitcoin has a potential that the price will grow and many investor become millionaire.
Bitcoin has a potential that the price will grow and many investor become millionaire.
Bitcoin is having value because that is decentralized, anonymous, and have limited supply.
At first time 2013 actually i never learn it from any book or article, i just try play faucet where referred by my friend.
After that i find many referral to my account, that is around 200 ref. That is make me around 0.2 BTC.
Because that i learning about Bitcoin, i just create wallet then receive my payout. Then i try to buy phone pulse, from there i just know this Bitcoin will big in the future.
That is right, now the price is better than 2013.
At first time 2013 actually i never learn it from any book or article, i just try play faucet where referred by my friend.
After that i find many referral to my account, that is around 200 ref. That is make me around 0.2 BTC.
Because that i learning about Bitcoin, i just create wallet then receive my payout. Then i try to buy phone pulse, from there i just know this Bitcoin will big in the future.
That is right, now the price is better than 2013.
Well, it's because of the demand and the supply. If it's the demand will increase and there's a lacking of supply then that reason why the value of bitcoin will be more valuable but it's not permanent since the value of bitcoin is volatile so it may rise or fall from time to time. It is the most important thing that you must need to know as well. But sometimes I also believed in whales manipulations in the market for sudden downtrend and having a struggle when it comes to raising up. That makes bitcoin valuable and very volatile price.
what makes bitcoin valuable is the limited amount of 21 million coins. the amount is limited but the demand for bitcoin every year continues to increase, which eventually makes the price of bitcoin soar. and now the number of bitcoins in circulation has reached 18 million and the remaining 3 million coins are still being mined. with this estimation, many predict the price of bitcoin will increase again. because the amount is limited.
That's count aside from the supply and demand, bitcoin become valuable as holders makes the trading with many investors to hold and keep their assets the demands will speak by himself and move up according to how far they can hold.Users and supporters are the cause of bitcoin movement, being treated as a stored assets eventually makes it more valuable.
First of all it's crypto community who made the Bitcoin valuable with the better understanding about crypto currencies and the second thing is the structure of Bitcoin indicates its value itself.
what makes bitcoin valuable is the limited amount of 21 million coins. the amount is limited but the demand for bitcoin every year continues to increase, which eventually makes the price of bitcoin soar. and now the number of bitcoins in circulation has reached 18 million and the remaining 3 million coins are still being mined. with this estimation, many predict the price of bitcoin will increase again. because the amount is limited.
I have not read any books about bitcoin or crypto, but it did not prevent me from trading and understanding how it works
Yes it doesnt prevent you from trading and understanding but somehow you lack small infos where those infos can be get by reading books and watching articles,books are not worthless they contribute to our knowledge towards a thingI'm not a book person but reading books is fun sometimes, but I feel like it's not that big and just limited information are stored in a book, you might say "then buy another volume of it", I won't, having many books will just consume spaces in my room, however I have kept some books if I find it interesting and limited on the market, that's the reason why I still preferred using google whenever I want to know something, it's just one google away, I don't like to bother myself searching something in a book by reading it from the start, no offense but we have our technology, why don't use it.
Learning thru internet is much more time saver than reading a book, in my opinion.
for me, bitcoin its different than another ,
Well we can say that the first of altcoins , but besides it, bitcoin also have something special, that satoshi.
even he know bitcoin famous already, he/she still be anonymous until now, i believe he still a live.
very different with another coin creator like charlie lee, vitalik ,etc.
that why btc still valuable until now, even for eternity.
Well we can say that the first of altcoins , but besides it, bitcoin also have something special, that satoshi.
even he know bitcoin famous already, he/she still be anonymous until now, i believe he still a live.
very different with another coin creator like charlie lee, vitalik ,etc.
that why btc still valuable until now, even for eternity.
It is valuable because it has users, we are the reason why it is valuable. Demand is the reason for bitcoin why its value increases. Without users, it will be useless, its value wont reach its price as of today.
Determining value depends on its use, number of users or the demand and its capability, and bitcoin have all of it.
Determining value depends on its use, number of users or the demand and its capability, and bitcoin have all of it.
Every coin has two sides, head, and tail, some negative things have also both positive impact, I think volatility is of the reasons to make it more popular and valuable among the people. When you see that the price of Bitcoin is going down and there is an opportunity to get high again then you must take a step towards buying Bitcoin for gaining profit. You may think it's a wired thing, but for me, It's the main reason to get attracted people to this platform, You may say Bitcoin is the digital currency, it's a decentralized coin, it's safe, there is privacy, the transaction process is easy and so on, but in my opinion, People love taking risk and that's why they are willing to buy Bitcoin to make profit when the price is high. That's a simple case.
What makes Bitcoin valuable is it still exists after how many years considering that it is virtual money. I've known Bitcoin for years now but it seems that it is a complex thing, there's so much to learn about, so I stopped learning about it and just have faith in it that it will somehow bring me to profit much more than banks could give.
Valueable? i think because the total supply of bitcoin only 21 M and almost hit 18 M right now (only 3 million left) Just wondering what happend when the total supply circulation hit 21 M. And high demand make it more valueable. Also bitcoin utility for the future will make the price get higher than now.
The supply/demand of bitcoin is only one factor of what considers it valuable. The reason on why the demand is high is due to the people who are willing to pay for it. Just like gold (other than its innate and rare material), people are willing to purchase gold at a higher price which makes it valuable (increases demand). On the other hand, bitcoin which exist solely in the internet, is considered as an investment that may either skyrocket or drop its price in a given amount of time.
It's value make it valuable. Today, most of the youth want he have more bitcoin because of its high value. Bitcoin is transparent and it is decentralized i.e. nobody have control over it. You can hide your transactions from others. It is virtual currency, you don't have to carry it physically. Its amount is limited. Nobody can increase or decrease their amount. But it's demand increases due to which it's value increases.
Those are the factors of what makes bitcoin valuable and the reason on why people purchase it. But the deciding factor is its high price on the market which makes it an excellent candidate for an investment. For example, the traditional investment options available today have returns that take a long time to realize.
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