if bitcoin doesn't go to zero, maybe the inflating us dollar would cause that to happen but still I'd say your statement is not necessarily 100% guaranteed to happen. maybe 90%. but there's that chance that it never happens. people shouldn't just automatically assume they should go get a loan and dump all of it into btc hoping it goes past that ATH. and then sit there for years waiting while they're paying 20% interest to the bank...
that's a valid point. i'd also add that the only thing that really gives bitcoin any value is the people that use it. if something better came along and yes many projects have and haven't displaced bitcoin yet but if that did happen then bitcoin becoming "#2" would be a big blow to it. 
Topic: What makes Bitcoins valuable? - page 4. (Read 757 times)
Today BTC is becoming more stable then dollar
Just how true is this?Just a stroll to the charts and coinmarketcap would tell you, bitcoin has varied by 0.05% in the past hour and 0.99% in the past 24hours as at the time of this comment . This tells you just how unstable bitcoin is and it would continue to swing back and forth as it should be.
It’s a highly volatile market and you shouldn’t be expecting a stability in bitcoin price let alone, to compare it with dollar. Even the Tether USDT that is dollar pegged has got a 0.00% variance on it in the past hour and even 24hours so, it just doesn’t go.
if bitcoin doesn't go to zero, maybe the inflating us dollar would cause that to happen but still I'd say your statement is not necessarily 100% guaranteed to happen. maybe 90%. but there's that chance that it never happens. people shouldn't just automatically assume they should go get a loan and dump all of it into btc hoping it goes past that ATH. and then sit there for years waiting while they're paying 20% interest to the bank...
There are several factors that contribute to the value of Bitcoin. First, since there is a limited supply of Bitcoin, this scarcity creates a sense of exclusivity and increase demand. Secondly, Bitcoin operates on a entire network that not controlled by any particular organization, which is of interest to people as an alternative to the traditional business. Mainly it has its block chain which provides a robust and transparent system of transaction records. Additionally it can be easily transferred and accessed by anyone who using the internet. One of the best about this is that compared to other assets, here you can use your thinking to get a lot of benefit.
eventually the store of value minimum/bottom will be above 2021's ATH of $69k
if bitcoin doesn't go to zero, maybe the inflating us dollar would cause that to happen but still I'd say your statement is not necessarily 100% guaranteed to happen. maybe 90%. but there's that chance that it never happens. people shouldn't just automatically assume they should go get a loan and dump all of it into btc hoping it goes past that ATH. and then sit there for years waiting while they're paying 20% interest to the bank...
bitcoin is indeed very valuable because bitcoin supply is limited.
but I don't understand when you say that bitcoin is a store of value, because what I know is that bitcoin is a digital currency and many people buy btc to make it an asset.
but investing in bitcoin is of course very risky because btc has a fluctuating nature, so in my opinion btc is not suitable as a store of value.
for gold, I agree that it is used as a store of value asset.
Its features or principles, coupled with the fact that it requires hard work to earn contribute greatly to its value. People greatly value things that are natural, durable, attractive, uncommon, unique, genuine, hard to create, useful, etc.
Bitcoin has inbuilt characteristics of nature with rights that are natural to humans & living things which any sensible human would value in a world rapidly developing with things that are artificial and contrary to the natural rights.
Bitcoin has inbuilt characteristics of nature with rights that are natural to humans & living things which any sensible human would value in a world rapidly developing with things that are artificial and contrary to the natural rights.
snip~
Talking about the value of Bitcoin, I prefer to answer with 1 answer which is what makes Bitcoin valuable is its CREATOR. Imagine if Satoshi wasn't anonymous and he appeared in a public place then Bitcoin wouldn't be as valuable as it is now. The reason is obvious of course, that with Satoshi's anonymity, the world government cannot know who and where Satoshi is because if Satoshi had appeared from the beginning, he would have been controlled, he would have been arrested and prosecuted because he has given financial freedom to everyone in the world. This is what we hoped from the start, if you know how dilapidated the fiat financial system is then Bitcoin is the solution.
Believe it or not, this uniqueness has encouraged everyone in the world to dare to take up Bitcoin as an alternative store of value controlled under a single right to themselves.
Little do I know about bitcoin.
1. Bitcoin was the first
Bitcoin is the father of the blockchain. A revolutionary idea for decentralized ownership. The price is purely controlled by the community. Cannot be intervened by the state
2. Bitcoin Pure Decentralized
Bitcoin is not affiliated with any country and any company. The bitcoin network runs on the support of its miners
3. Bitcoin is the Antithesis of Fiat
Bitcoin appears with big missions, one of which is fighting fiat hegemony
That is owned by bitcoin and not owned by crypto other than bitcoin. Besides bitcoin, coins are made by companies. Disappearing satoshi is the right step for bitcoin to become independent and not depend on anyone
1. Bitcoin was the first
Bitcoin is the father of the blockchain. A revolutionary idea for decentralized ownership. The price is purely controlled by the community. Cannot be intervened by the state
2. Bitcoin Pure Decentralized
Bitcoin is not affiliated with any country and any company. The bitcoin network runs on the support of its miners
3. Bitcoin is the Antithesis of Fiat
Bitcoin appears with big missions, one of which is fighting fiat hegemony
That is owned by bitcoin and not owned by crypto other than bitcoin. Besides bitcoin, coins are made by companies. Disappearing satoshi is the right step for bitcoin to become independent and not depend on anyone
You sure have a weird way of putting some of these points.
In other words scarcity itself does not "lead to value", the utility is the only reason why something has value. Scarcity decides the level of that value.
Scarcity leads to value.
Not entirely correct. There are loads of altcoins with capped supply like bitcoin, some even have less max supply than bitcoin but they do not have any value.In other words scarcity itself does not "lead to value", the utility is the only reason why something has value. Scarcity decides the level of that value.
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Decentralization also means that anybody in any nation, except for China at this time, can purchase Bitcoin, utilize BTC, and store Bitcoin with specific, anonymous, keys.
Why are you excluding China?!Quote
But it does because BTC investors, and the nation of El Salvador, has decided it does.
Bitcoin has intrinsic value because it offers a valuable and unique utility as the only working decentralized money in existence. Not because someone else or some country says it does.Quote
Nobody wants anyone looking into their finances. Your finances are your business. Bitcoin is anonymous, meaning although Coinbase might know who you are, they don’t know why you made the transaction.
What does Coinbase, a centralized exchange and a custodial wallet have to do anything with bitcoin's anonymity?!! I hope you know that people shouldn't even be using custodial wallets to store their coins... 
bitcoin is indeed very valuable because bitcoin supply is limited.
but I don't understand when you say that bitcoin is a store of value, because what I know is that bitcoin is a digital currency and many people buy btc to make it an asset.
but investing in bitcoin is of course very risky because btc has a fluctuating nature, so in my opinion btc is not suitable as a store of value.
for gold, I agree that it is used as a store of value asset.
Bitcoin is a store of value, I also have opposing thoughts about this. When it comes to bitcoin's finite supply and ability to rise in price over time, it can also be thought of as a store of value. Because when your asset is bitcoin, your asset value will not be lost or eroded by inflation like fiat.
But bitcoin is highly volatile, and its future is uncertain, meaning there is still a risk to investing in bitcoin. So it's not a store of value, and you're right, gold is more of a store of value than bitcoin.
2. Bitcoin is decentralized
3. Bitcoin has become accepted as a store of value
4. Bitcoin is anonymous
Great compilation OP, but still it needs some touches, like you said BTC has been accepted as a store of value, and still you used the example of El-Salvador, As far as i know, both are two different things, because making BTC a legal tender in that country, does not mean they are using it to store there assets value in it, instead, they have no other choice to make it happen, Like you should read the story behind it3. Bitcoin has become accepted as a store of value
4. Bitcoin is anonymous
Quote
President Nayib Bukele hopes bitcoin will alleviate El Salvador’s prickliest economic problems: citizens sending money home from abroad account for up to a fifth of the country’s GDP, but they have to pay high transaction costs, and 70 per cent of people have no bank account. Bitcoin enables quick, cheap payments across borders, and doesn’t require banks.
SourceBitcoin is definitely anonymous but still it is a developing technology, once a wallet is attached to your public profile, it will become impossible for you to remain anonymous or do anonymous transactions from that wallet address. And still, you take the meaning of anonymity wrong, because if Coinbase do know you then the base of remaining anonymous is vanished from there, You know what anonymous means?
And in your second point, Chinese are still making transactions in crypto industry via there two nation system, in which they have allowed there second nation Hong Kong to allow trading and all types of activities in Crypto Sphere. Even, banks are forcing other platforms to legalize it completely.
Adding on top of what OP has already said, for me if compared to the nearest asset known to us (gold) is bitcoin is more accessible to more users , which means its potential to grow is infinite as opposed to gold which is available to a few and at times needs so much paperwork to obtain...so basically speaking it has the demand and easy to own.
Another reason I see Bitcoin being valuable is we have moved into a digital age and people are more attracted to having bitcoin as opposed to physical assets or fiat and to some extent gives you better security and control.
I don't think this is true because as far as I know, there are a lot of people around me who find it difficult to use bitcoin because they have difficulty using the internet and smartphones. Gold is a tangible asset that can be easily held and exchanged because of its ubiquity, so I don't think bitcoin will outperform gold in this regard. I myself find it easier to use and own gold than bitcoin.Another reason I see Bitcoin being valuable is we have moved into a digital age and people are more attracted to having bitcoin as opposed to physical assets or fiat and to some extent gives you better security and control.
bitcoin is indeed very valuable because bitcoin supply is limited.
1. Bitcoin is scarce
It would take a gargantuan effort to change this number. In fact, nobody knows if it can be done. So once 21 million Bitcoin have been mined, that’s it. The game is over.
After all the bitcoin have been mined...it isn't game over for bitcoin. Miners will keep on carrying out bitcoin transaction,so that transaction fee will be a reward to them. The only way that it would be a game over for bitcoin,is if all the countries place a ban on bitcoin.It would take a gargantuan effort to change this number. In fact, nobody knows if it can be done. So once 21 million Bitcoin have been mined, that’s it. The game is over.
Quote
3. Bitcoin has become accepted as a store of value
Most individuals believe gold is a store of value. When Warren Buffet says gold has intrinsic value, he means the asset itself is valuable.
Yes, it is the rate at which bitcoin price started moving up from 2009 till date made people to know that bitcoin is a store of value and not just a digital currency. Another reason why bitcoin is a store of value is because it is inflation resistance.Most individuals believe gold is a store of value. When Warren Buffet says gold has intrinsic value, he means the asset itself is valuable.
Quote
Bitcoin is anonymous
Nobody wants anyone looking into their finances. Your finances are your business. Bitcoin is anonymous, meaning although Coinbase might know who you are, they don’t know why you made the transaction.
Coinbase is a centralized platform and exchange. Whatever makes one to use this platform,he has gone against be nature of bitcoin which is decentralization and that person can be tracked down by the government through KYC. Meaning he has no privacy and no Nobody wants anyone looking into their finances. Your finances are your business. Bitcoin is anonymous, meaning although Coinbase might know who you are, they don’t know why you made the transaction.
longer anonymous.
Adding on top of what OP has already said, for me if compared to the nearest asset known to us (gold) is bitcoin is more accessible to more users , which means its potential to grow is infinite as opposed to gold which is available to a few and at times needs so much paperwork to obtain...so basically speaking it has the demand and easy to own.
Another reason I see Bitcoin being valuable is we have moved into a digital age and people are more attracted to having bitcoin as opposed to physical assets or fiat and to some extent gives you better security and control.
bitcoin is indeed very valuable because bitcoin supply is limited.
Agree this should be the ace in the hand, and with demand in the equation Bitcoin is destined to be the most valuable asset known to man
Another reason I see Bitcoin being valuable is we have moved into a digital age and people are more attracted to having bitcoin as opposed to physical assets or fiat and to some extent gives you better security and control.
bitcoin is indeed very valuable because bitcoin supply is limited.
1. Bitcoin is scarce
Scarcity leads to value. Bitcoins are scarce. Bitcoins will always remain scarce because only 21 million will ever exist.
Scarcity leads to value. Bitcoins are scarce. Bitcoins will always remain scarce because only 21 million will ever exist.
To me i think bitcoin is not scarce unlike the other physical assets like gold, but you can say bitcoin has a limited supply, this is why you will not experience multiple indiscriminate printing of currency as it has been in fiat with bitcoin, because the more they keep printing the more the economy manipulations increases leading to inflation and other financial economy inappropriations.
2. Bitcoin is decentralized
One of the reasons Bitcoin holds value, and should always hold value, is because there is no single government that can get involved and print more BTC or mess with it’s price.
One of the reasons Bitcoin holds value, and should always hold value, is because there is no single government that can get involved and print more BTC or mess with it’s price.
People want and preferred bitcoin as a form of currency and asset because of its dual nature and not been centralized or attached to a particular country's regulations which may alter some people from using it due to their policies and regulations of possessing some assets.
~snip
1. Undoubtedly, a limited amount makes it valuable, because this asset will not be enough for everyone.2. It can be called a little differently - the freedom to dispose of your assets without outside influence. And also, clearly established rules that can't be changed unilaterally, which is a sin for any government.
3. The intrinsic value is invested by the people themselves, by their faith in the asset and by buying it.
4. Amendment. Pseudo-anonymity and the connection between the wallet and a specific person has not yet been established.
I believe that what makes bitcoin unique and valuable is not just one parameter, but the combination of these parameters, each of which adds a part to the value of btc. In general, the list provided above is incomplete.
^ If you buy BTC at $69 and you sell your coins at $100k by 2026, that's still storing wealth more than its price.
3. Bitcoin has become accepted as a store of value
Most individuals believe gold is a store of value. When Warren Buffet says gold has intrinsic value, he means the asset itself is valuable.
It is better you speculate the price from bitcoin price history and what is going on, for you not to buy at the wrong time which can make you wait for years again before the price that you bought it is reached and increase more to all-time-high. What I am saying is that bitcoin is a store of value in long term but not in short term investment.Most individuals believe gold is a store of value. When Warren Buffet says gold has intrinsic value, he means the asset itself is valuable.
4. Bitcoin is anonymous
Nobody wants anyone looking into their finances. Your finances are your business. Bitcoin is anonymous, meaning although Coinbase might know who you are, they don’t know why you made the transaction.
Which Coinbase? Coinbase.com is a custodial wallet and they also have an exchange. Any transaction sent to your Coinbase account is well known to Coinbase which can let anyone like the government or third party to know you.Nobody wants anyone looking into their finances. Your finances are your business. Bitcoin is anonymous, meaning although Coinbase might know who you are, they don’t know why you made the transaction.
Bitcoin transaction is semi anonymous or pseudonymous if you use noncustodial wallet with Tor or use a full client for privacy.
Crypto companies like coinbase can sell their data to the government which they also can use to trace coin holders. They probably have bought some data already especially the closed exchanges like FTX or Bittrex. The government sure will be interested in those who has lots of coins and whom they could next its transactions.
The price of BTC is driven by the market but what makes Bitcoin valuable is its demand.
bitcoins values(emotions values of features and benefits and desires) are most of what the OP listed
bitcoin VALUE(economic number bottom far below premium at the top) is based on the periodic lowest acquisition cost on the planet which is where the most efficient mining cost over a period sets its value. this then becomes the store of value amount after being well tested for a period.
if you can buy bitcoin whilst its correcting near the value bottom, and not the premium top of a period you are storing more of your weal in value
EG 2021 value:$10k premium $69k
a. if you bought bitcoin at $60k you were only storing a 6th of your wealth in bitcoin
b. if you bought bitcoin at $30k you were only storing a 3rd of your wealth in bitcoin
then in 2022 when value grew to $15k those purchases last year meant more of your wealth got to be stored to resist losses should a market correction occur becasue the new raised bottom store of value went up to protect more wealth from risk
a. quarter of wealth
b. half of wealth
as time goes on the bottoms get tested and a new raised bottom is found setting the store of value at a higher number meaning storing more wealth from risk
eventually the store of value minimum/bottom will be above 2021's ATH of $69k
bitcoin VALUE(economic number bottom far below premium at the top) is based on the periodic lowest acquisition cost on the planet which is where the most efficient mining cost over a period sets its value. this then becomes the store of value amount after being well tested for a period.
if you can buy bitcoin whilst its correcting near the value bottom, and not the premium top of a period you are storing more of your weal in value
EG 2021 value:$10k premium $69k
a. if you bought bitcoin at $60k you were only storing a 6th of your wealth in bitcoin
b. if you bought bitcoin at $30k you were only storing a 3rd of your wealth in bitcoin
then in 2022 when value grew to $15k those purchases last year meant more of your wealth got to be stored to resist losses should a market correction occur becasue the new raised bottom store of value went up to protect more wealth from risk
a. quarter of wealth
b. half of wealth
as time goes on the bottoms get tested and a new raised bottom is found setting the store of value at a higher number meaning storing more wealth from risk
eventually the store of value minimum/bottom will be above 2021's ATH of $69k
bitcoin is indeed very valuable because bitcoin supply is limited.
but I don't understand when you say that bitcoin is a store of value, because what I know is that bitcoin is a digital currency and many people buy btc to make it an asset.
but investing in bitcoin is of course very risky because btc has a fluctuating nature, so in my opinion btc is not suitable as a store of value.
for gold, I agree that it is used as a store of value asset.
2. Bitcoin is decentralized
One of the reasons Bitcoin holds value, and should always hold value, is because there is no single government that can get involved and print more BTC or mess with it’s price.
(....)
Among the list, I most agree here because Bitcoin is a decentralized currency which means no one can control it even the government or any institutions, that's how Bitcoin is being unique.One of the reasons Bitcoin holds value, and should always hold value, is because there is no single government that can get involved and print more BTC or mess with it’s price.
(....)
And it is also attractive to investors because of being decentralized, which can lead to no manipulation will happen and Bitcoin will be more transparent, just like when you are using it in your daily life as a payment method.
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