Topic: Why Bitcoin is valuable? - page 3. (Read 1205 times)
Bitcoins have value because they are useful as a form of money. Bitcoin has the characteristics of money (durability, portability, fungibility, scarcity). Something stylish and unique, making it highly demanded globally.
Why does bitcoin have value? Let's ask the same thing about US dollars. Why are they worth money when they are only pieces of paper, or in many cases they are completely digital! Well the short answer is because a bunch of people agree that it had value. That's it. There's a limited number of them, and people want them, so they have value. If no one wanted bitcoins, they wouldn't have any value. But people do want them! It's really that simple. Anyway, it's worth checking DAO maker, they let you participate without staking any platform tokens but the pool would be competitive. This would disrupt the launchpad model. Going back, why would it work as a currency? Because you can send bitcoin to other people. You can trade bitcoin for goods and services. Anything can be a currency really. People used to use chocolate and antlers for currency! But its a lot more convenient to use something that can be sent over the internet. It's a lot easier to use!
In today's digital age, the immutable properties of the Bitcoin database accurately carry the mutual promises of Bitcoin holders, which can quickly calculate the quantity and transfer each other.
As a final note, Bitcoin is hard to come by, and if 21 million people buy one each, they will never be able to buy it again.
Yes, the value lies in the people. In fact that is the same for everything if you should look how they work, they have value because we the people say that it has value. When people lose faith in something, then it wouldn’t have any value any longer. Bitcoin is not the only thing that has value because of demand and supply, that is the same thing with the USD, and other currencies, they have value because of there is the demand for it, if there is no demand for it, then that value wouldn’t be there.As a final note, Bitcoin is hard to come by, and if 21 million people buy one each, they will never be able to buy it again.
So, it’s quite funny when some people would come out and say that Bitcoin doesn’t have any true value, they are forgetting that the true value of everything lies in the demand for it.
Bitcoin is most popular and valuable coin coin market. Bitcoin already proved their valuable and huge supply. Bitcoin price always pump and dumps because decentralization will be never stable. People interested in bitcoin investment day by day.I hope bitcoin development will be more increase in future and more valuable.
What a fucking narration 
Have you read this topic? Or have you started writing about cows story here? here OP ask by his post : Why Bitcoin is valuable? OP did not ask you bitcoin supply or what will happen to Bitcoin in the future 
I just looked at one expert - an economist who answered this question today. It was interesting to listen to - I’ll say right away that a person does not deal with cryptocurrency, so he looks at all this as if from the other side of the river and reflects on what he sees. And this is what he says, his main idea is that the more distrust of citizens in the governments of their countries (in fact, the state), the higher the demand for cryptocurrency and the less for national classical finance and their instruments. It is also obvious that a deposit in a bank will never give such a return as a "deposit" in cryptocurrency. I think that's why banks resisted this trend for a long time.
Bitcoin is most popular and valuable coin coin market. Bitcoin already proved their valuable and huge supply. Bitcoin price always pump and dumps because decentralization will be never stable. People interested in bitcoin investment day by day.I hope bitcoin development will be more increase in future and more valuable.
Only a few people had joined the community and knows Bitcoin in the early days until such time that Bitcoin price surging high and it gets attention to the public. And the only thing that makes this valuable is its underlying price hike that helps people become profitable. And if not will be going to happen, no doubts that people still ignore Bitcoin.As we valued Bitcoin now and in the future, the more we can see such a huge development and to expect that the demand will still getting high.
Bitcoin is most popular and valuable coin coin market. Bitcoin already proved their valuable and huge supply. Bitcoin price always pump and dumps because decentralization will be never stable. People interested in bitcoin investment day by day.I hope bitcoin development will be more increase in future and more valuable.
so according to your post what is the reason why this becomes valuable ? because what you have mentioned is nothing but the negative and positive traits of Bitcoin?________________________________________________________
Bitcoin is valuable because this has the potential to help all the transactions worldwide to become more faster and reliable , that is the reason why it is valuable.
Initially this Bitcoin did not have a price, but when reading the history of the beginning of Bitcoin being exchanged for Pizza that's where Bitcoin has a price.
And unexpectedly, it turns out that the more people who are interested in Bitcoin, the more people who want to have it.
Seeing the very high demand for Bitcoin, Bitcoin holders then offered their Bitcoins at very high prices.
And unexpectedly, it turns out that the more people who are interested in Bitcoin, the more people who want to have it.
Seeing the very high demand for Bitcoin, Bitcoin holders then offered their Bitcoins at very high prices.
Bitcoin is most popular and valuable coin coin market. Bitcoin already proved their valuable and huge supply. Bitcoin price always pump and dumps because decentralization will be never stable. People interested in bitcoin investment day by day.I hope bitcoin development will be more increase in future and more valuable.
Bitcoin is valuable because of it steady growth and Metal backed money is having such similarity
Steady growth is not the answer. Growth is something that happens when there is a demand, and if there is no demand taking place in the market , then there wouldn’t be a steady growth. So, why you are seeing the growth in the market today is because of the fact that we have a steady demand taking place in the market.Quote
Look at gold as an example of the metals that you have talked about, gold market steady keeps growing over so many years, why? Because we all see it as a precious metal, and we feel that it has value, so we demand for it. It doesn’t grow magically, it’s demand pushing it.
Lol Gold having steady growth? yeah it is going up and up but there are years that this experience fall just like crypto, though it is less volatile than Bitcoin but still volatility is indeed in both. 
The simple reason is demand and supply in the market as per the rule of economics nothing else.Something gains it's value from it's demand,usage and supply.It is best decentralised source of funds whose supply is limited to only 21 million which makes its scarce and now the rest Bitcoins will take another 118 years to mine so just imagine the prices in future.
Bitcoins are valuable because it is worth it and as we know they are limited in number. It's also supported by blockchain technology, it will be better and safer, that's why nowadays people prefer Bitcoin. besides that, the selling value of Bitcoin is also high even though the crypto market goes up and down but Bitcoin remains crypto that is loved by many people and remains the top spot. Therefore, manage your Bitcoin well so that we can also use it well and get profitable results from it, it will not disappoint.
Bitcoin is valuable because there are people who want to buy it. This value is derived from Bitcoin's blockchain being a publicly visible decentralized and immutable ledger with the utmost security of available options.
The game theory at play with the mining aspect has also led to massive investment. This investment was made by major players globally and they will protect their investment by purchasing the underlying currency if needed. This leads to a feedback loop of sorts that will continue to cause the price to rise until one day there has been so much investment made that needs to be recouped, that it surpasses the funds available to prop up the underlying currency, and it crashes. No idea if this will happen in 5 years, 25 years, or 150 years, but it seems inevitable from a long term view. Technology will continue to present better solutions to the problems that Bitcoin fixes, and at some point I believe that will overcome the network and first mover effects. Until then, dance while the music is playing.
The game theory at play with the mining aspect has also led to massive investment. This investment was made by major players globally and they will protect their investment by purchasing the underlying currency if needed. This leads to a feedback loop of sorts that will continue to cause the price to rise until one day there has been so much investment made that needs to be recouped, that it surpasses the funds available to prop up the underlying currency, and it crashes. No idea if this will happen in 5 years, 25 years, or 150 years, but it seems inevitable from a long term view. Technology will continue to present better solutions to the problems that Bitcoin fixes, and at some point I believe that will overcome the network and first mover effects. Until then, dance while the music is playing.
yes bitcoin can lose its top position for many reasons in the future
a. devs change the rules of the 2,099,999,997,690,000(sats) shareable units to become 1000x more (yep they're thinking about doing this)
(i) not only will it break the shareable unit limit. (under the guise that 100,000,000,000 shareable units is still 1btc)
(ii) not only will it extend the halving timescale by another 40 years
(iii) but it will make a 6.25 legacy value (62500000 units). appear as a different amount unless more cludgy code is added to separate/convert
b. mining reward/transaction income plateau where by other altcoins then take on the asics that are not profiting
(i) not only dropping bitcoins difficulty on the exodus
(ii) not only losing the underlying value(cost of coin maintenance)
c. offchain solutions exodus full node users in preference for non-maintaining bitcoin because they are busy using altnet lite wallets instead
(i) not only centralising the lesser collective of full nodes to only merchants
(ii) not only making users not care about securing the backbone of the network
(iii) not only putting increased bandwidth pressure on the remaining fullnodes to service the remaining network full nodes
Bitcoin is valuable because there are people who want to buy it. This value is derived from Bitcoin's blockchain being a publicly visible decentralized and immutable ledger with the utmost security of available options.
The game theory at play with the mining aspect has also led to massive investment. This investment was made by major players globally and they will protect their investment by purchasing the underlying currency if needed. This leads to a feedback loop of sorts that will continue to cause the price to rise until one day there has been so much investment made that needs to be recouped, that it surpasses the funds available to prop up the underlying currency, and it crashes. No idea if this will happen in 5 years, 25 years, or 150 years, but it seems inevitable from a long term view. Technology will continue to present better solutions to the problems that Bitcoin fixes, and at some point I believe that will overcome the network and first mover effects. Until then, dance while the music is playing.
The game theory at play with the mining aspect has also led to massive investment. This investment was made by major players globally and they will protect their investment by purchasing the underlying currency if needed. This leads to a feedback loop of sorts that will continue to cause the price to rise until one day there has been so much investment made that needs to be recouped, that it surpasses the funds available to prop up the underlying currency, and it crashes. No idea if this will happen in 5 years, 25 years, or 150 years, but it seems inevitable from a long term view. Technology will continue to present better solutions to the problems that Bitcoin fixes, and at some point I believe that will overcome the network and first mover effects. Until then, dance while the music is playing.
What gave "shells" and "large carved round stones" their value ...back in the day? It's rarity ...and also the work that was put in to create it. Well, a lot of energy and money goes into Bitcoin mining and as you said... it has a limited supply, so it makes it desirable. 
The same goes for something like Gold & Silver and other precious minerals and commodities. It is simple.. if there is a demand for something and if there are a limited supply... people will pay higher prices for it. (Also add to that... Bitcoin grants them easy and cheap international transmittance)
The same goes for something like Gold & Silver and other precious minerals and commodities. It is simple.. if there is a demand for something and if there are a limited supply... people will pay higher prices for it. (Also add to that... Bitcoin grants them easy and cheap international transmittance)
Bitcoin is valuable because of it steady growth and Metal backed money is having such similarity
Steady growth is not the answer. Growth is something that happens when there is a demand, and if there is no demand taking place in the market , then there wouldn’t be a steady growth. So, why you are seeing the growth in the market today is because of the fact that we have a steady demand taking place in the market.Look at gold as an example of the metals that you have talked about, gold market steady keeps growing over so many years, why? Because we all see it as a precious metal, and we feel that it has value, so we demand for it. It doesn’t grow magically, it’s demand pushing it.
Gold is metal backed, and through some means it's demand got pushed. The major reason is the backing of fiat currencies done with gold. Even if bitcoin have got metal backing the value might never been this high, because to create demand for some particular metal won't happen all of the sudden. Through years of history gold have reached the present position.
Bitcoin is valuable because of it steady growth and Metal backed money is having such similarity
Steady growth is not the answer. Growth is something that happens when there is a demand, and if there is no demand taking place in the market , then there wouldn’t be a steady growth. So, why you are seeing the growth in the market today is because of the fact that we have a steady demand taking place in the market.Look at gold as an example of the metals that you have talked about, gold market steady keeps growing over so many years, why? Because we all see it as a precious metal, and we feel that it has value, so we demand for it. It doesn’t grow magically, it’s demand pushing it.
Trust is the main thing that makes bitcoin very valuable today, bitcoin has been trusted by many people as a good investment asset and we all believe that one day Bitcoin will become the currency used by many people around the world to make transactions services and goods, that's why bitcoin is very valuable today, even though bitcoin has a minimal supply but without trust in the future of bitcoin, of course we will all be reluctant to invest or hold bitcoin.
And I don't know why many were still rejecting Bitcoin and even ignoring it even though it was pretty obvious that this form of investment is truly profiting than the stock market. The heck about these people is too convinced about fake news and the Ponzi scheme which literally was wrong. But yeah, it was their perceptions and to think that way. Well, we are too lucky that we don't think that way and we do appreciate Bitcoin not only because of its growing value but also because we gain profit. Sometimes people who reject Bitcoin or even hate Bitcoin, it's because they get misleading information and end up misunderstanding Bitcoin.
That's the importance of learning Bitcoin from a trusted source, so we can really understand Bitcoin properly. This is the task of all of us who
understand Bitcoin properly must educate at least the environment around us, so more people will understand that Bitcoin does have many benefits
that provide convenience in human life. Because if someone's understanding is wrong, even though Bitcoin is proven to be profitable, people are
still not interested in investing in Bitcoin.
Being holders of bitcoin is one of the reasons why you're smart than other people who gambling but prefer to hold fiats instead of any digital currency and etc such cryptos. We cannot blame to be honest because that's what it is wherein maybe they don't believe in crypto especially bitcoin. As the matter of fact even you if you don't know how valuable bitcoin you will not accept it as well. Lol for me it's valuable than any asset because of the simple principle. For example buy low and sell high.. 
strange and confused question should explain how.
bitcoin is valuable because it has become a legal tender other than dollars that can reach the whole world, and the advantage of btc with dollars is that it becomes an object that can be invested without being manipulated by certain countries.
that is my opinion.
bitcoin is valuable because it has become a legal tender other than dollars that can reach the whole world, and the advantage of btc with dollars is that it becomes an object that can be invested without being manipulated by certain countries.
that is my opinion.
Jump to: