Topic: What Makes Bitcoin Valuable? - page 2. (Read 4876 times)

see the video that you shared. I understand a little what you mean. and I have never read the standard bitcoin book to understand its value. I only learned through the internet about why bitcoin is valuable. that is in my opinion
- decentralization
- private
- There is no middle man
- very safe
- comfortable
- no transaction limits
- fast
- No big fee
- support all countries

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.

Bitcoin’s value as money needs to be understood like gold, which comes not from legal force, but from its specific attributes. Bitcoin’s attributes make it an amazing form of money or a payment system, and it was engineered for just that purpose.

It can be sent anywhere, instantly, at near-zero cost, this is one of the traits you would give it Can’t do that with gold due to physical constraints, or dollars due to legal constraints. It is scarce with a known supply and a known inflation schedule And it cannot be manipulated, restricted, or seized by any central party. Nobody has special privileges. In this way, it is very democratic, and very egalitarian. it is pseudonymous, censorship resistant and secure.

Bitcoin might not be perfect, but it’s pretty good and this is why people are using it as money, despite the fact that nobody is forced to.

actually i am not into reading books as well, but i guess it has something in there that adds up to knowledge of people who takes time to read them.
i can read articles but i am more into video presentation or actual explanation much better.
I guess it depends upon the preference of the person and about bitcoin being valuable? value depends on how people value it actually same to fiat.
but knowing the advantage of using bitcoin makes the difference. https://www.youtube.com/watch?v=SSnsR129b_c&feature=youtu.be

The fact that Bitcoin represents money already makes it valuable, from the technological point of view it is an advantage that it has over traditional banks, since its transactions are very fast and handle considerable volumes in a few seconds.

As bitcoin has a finite number of Bitcoins (21 million) it makes it highly valued, because inflation is not generated because they do not print or are generated, it has a deflationary economy, this allows everyone today to want to participate in its technology, its market is based on supply-demand, although not supported as some actions in the Stock Market, has a great influence worldwide.

Today it is acquiring much more adoption, it is reaching users who have never been in the crypto market. The Bitcoin market can apply many types of studies, since it is already 10 years old, which makes it have a considerable life, it has also caused many altcoins to arise depending on their technology and particularly the price.

With respect to the thousands of bitcoins that have been lost, owners who have lost their private keys, the fact that they are not in motion and are considered lost this helps the price to rise, there is less supply, therefore the price increases . The fact that every day people join their technology, taking advantage of the market and its value makes bitcoin gradually have more value in every way, and since it is of low correlation with traditional assets, it helps to have a very good wallet diversified.

Already many news speak that the increase of new levels in the S & P500 will help bitcoin to rise in price, this statement is debatable.

In my view to your question, I will say these few words: Bitcoin is transparent with the help of the Blockchain among all the digital or online money that has been in existence. Also, Bitcoin supply is limited compared to fiats which the government can print at any giving point in time, Bitcoin has a supply of 21Million and cannot exceed the stipulated amount. Also, because of Bitcoin anonymity.

It could be right, but as for me,
Bitcoin is valuable simply because it is considered as a form of money (digital money). End user deliver its value, it means more user the further the demand is. As long as more end user will accept blockchain technology, and adapt bitcoin as means of payment, it will be more valuable than it was even before.

I think bitcoin's limited supply and capacity to hold transparent transactions is what makes Bitcoin valuable. Also, I think the value is not invested in the money, but rather in the technology which investors believe would grow in the future decades.

However, I'm not able to read the book yet. But I have heard of it and said that it was good. I'm planning to read it to further fortify my knowledge.

how to fast learn is alredy play that game. as time goes by you will get used to it and experienced.
bitcoin release by someone or people and bitcoin itself be accepted by people around the world. and im sure if we think that bitcoin is more valuable than fiat, from transaction speed and easy to use it make people like it.

No, the most valuable thing about Bitcoin is its independent inflation rate. All participants in the community know that there will be not so much Bitcoin and it is strictly limited. That is, it will not be able to manage Bitcoin mining. This is the value of Bitcoin.

actually bitcoin has the same base as other currencies and is used to buy things or to transact, but why is bitcoin so valuable that if we look at it now investors really want to have a little bitcoin to invest maybe because it causes bitcoin to be valuable, because when many people who are interested in buying bitcoin can of course say prices will rise because of the limited supply of bitcoin, in my opinion for that reason making bitcoin is very valuable.

As far as I know Bitcoin is a valuable cryptocurrency because of its supply, purpose, potential, etc. My favorite value in bitcoin is being able to store and transfer it to anyone that I want in place of cash, which takes very little time. Nowadays, because of those benefits that many users have trusted and used bitcoin. The amount of demand has increased significantly since 2017, a large number of investors were attracted that make BTC's price as it is now. Although they don't fully understand the concept of bitcoin or read the white paper but the above advantages with limited supply of 21 million bitcoins, which have made BTC a valuable commodity and especially this value will increase dramatically in the future.

I don't why bitcoin have valuable because on the first publish bitcoin have very cheap price and no have ICO or IEO, but how come bitcoin price could raising up with higher price? will be supply and demand make bitcoin have value with many investor buy or sell when the moment is good for selling or buying.

Every thing that is traded and people interested in buying will have value. This also happened to bitcoin, after bitcoin was released to the market, many people wanted to have it. The limited amount and high demand in the market has made bitcoin has a high price as it is now.
Not only on bitcoin, I think all altcoin too.

This question actually has many reasons. The main reason is the potential of Bitcoin's blockchain platform. We consider it valuable, it will be valuable. It can be said that the value of BTC depends on the number of people interested in it. For investors, BTC is valuable because it can be traded with many others.

Bitcoin is awesome since it is a new generation of money or we are calling it a virtual money. There are a lot of features that make it valuable first is that Bitcoin is a source of income to others since it has aligned in different aspects in terms of earning, for example, trading or mining just like that. There are feature that makes our life easier in terms of payment method because since it is virtual money and be stored in a web wallet or application, paying some expenses using bitcoin is way faster and safer than physical money. Since the application and other web wallet is programmed to send/pay or receive/claim. This is good if we are being taught in school about cryptocurrencies, I like to learn broader about it.

what makes Bitcoin valuable is the concept it offers and the Blockchain technology that is behind Bitcoin.  10 years since the creation of Bitcoin, has been circulating thousands of cryptocurrencies that adopt the Bitcoin system and even many are much better than Bitcoin.  Bitcoin is a pioneer, so it's very valuable.

I'm just warning.. please don't do this again (post in another thread in a very short time) because you could be having trouble with the moderator  

The main reason for bitcoin valueable is because of limited supply 21million bitcoins and transparency in blockchain 

In my opinion Bitcoin's technology really helps a lot of people, so from most people still want and continue to use Bitcoin for the next 10 years, it doesn't mean that Bitcoin will continue to weaken even if we find out about Bitcoin deeper then, we will easily see growth bitcoin well ...

Bitcoin does not have a physical referent in the world, which means it is valuable as long as it can be exchanged for something. Bitcoin is a deflationary currency, and due to the constant reduction in the number of bitcoins, its price will increase. But no one can say for sure what will happen to the price in the future.