Well Bitcoin has really been triving through the years at an unexpected rate
I also see Packcoin come up that way
Topic: Why Bitcoin is valuable? - page 4. (Read 1197 times)
Trust is the main thing that makes bitcoin very valuable today
Quite a simole yet good explanation on what makes bitcoin valuable. This will he a great help for the newbies out there. One thing to take note of though is that there is akey difference which is that poker cards(from the example) can be held physically whereas bitcoin or any crypto currency out there cannot be held physically. It's important to consider this fact because people, specially the ones who are roo lazy to learn about crypto currencies tend to feel more secured holding physical asset rather than digital assets.
People know the price of bitcoin is unstable but a lot of people believe in bitcoin and they invest in bitcoin and some even make bitcoin an asset so that the price of bitcoin goes up, first talking about bitcoin being created it's clear people don't believe in bitcoin the proof at that time bitcoin didn't have a price I mean bitcoin can only buy one burger,
Bitcoin is valuable because of it steady growth and Metal backed money is having such similarity
Bitcoin is very valuable because it grew from steadily and should so much consistency. Packcoin also has such prospect.
The value of bitcoin cannot be over estimated
It has increased the value of peoples lives
It has increased the value of peoples lives
Bitcoin is valuable coz you trust bitcoin and i Trust bitcoin. We all believe in Bitcoin. And we have accepted Bitcoin as a future asset. And we can buy products according to demand using bitcoin. And we can convert Bitcoin into Fiat money. That's why bitcoin is valuable.
You ask this question that (why bitcoin is valuable)
Why you invest your money in Bitcoin? And why And why do you want to acquire and save bitcoin? where you Don't know why bitcoin valuable. Lol
Bitcoin is valuable in the eyes of the right people, that's what I want to say. I agree with you, when someone dares to invest their money in bitcoin it means that person believes that bitcoin is valuable and has something profitable as an asset they hold. How can anyone invest in something when he doesn't believe in it, I don't think there will be anyone like that. You ask this question that (why bitcoin is valuable)
Why you invest your money in Bitcoin? And why And why do you want to acquire and save bitcoin? where you Don't know why bitcoin valuable. Lol
Many people didn't believe Bitcoin initially, but now, it is boom!
I'm seeing such a potency in Packcoin. You can check it out guys.
I'm seeing such a potency in Packcoin. You can check it out guys.
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. 
Bitcoin is valuable coz you trust bitcoin and i Trust bitcoin. We all believe in Bitcoin. And we have accepted Bitcoin as a future asset. And we can buy products according to demand using bitcoin. And we can convert Bitcoin into Fiat money. That's why bitcoin is valuable.
You ask this question that (why bitcoin is valuable)
Why you invest your money in Bitcoin? And why And why do you want to acquire and save bitcoin? where you Don't know why bitcoin valuable. Lol
You ask this question that (why bitcoin is valuable)
Why you invest your money in Bitcoin? And why And why do you want to acquire and save bitcoin? where you Don't know why bitcoin valuable. Lol
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.
You have the pre- knowledge of your questions that is while you are enable to explain, the subject sentence looks like you know everything but the letter heading been the title looks directly like you are asking to know, so from my perspective towards the question you ask, Bitcoin is valuable indecencies that is decentralized currency and their is no manipulation and regulations like the way fiat currency been regulate due to its a centralized currency, the final determination of bitcoin values is the conditions of demands and supply, so the length of demands makes Bitcoin valuable.
Bitcoin is valuable because of its rarity where it has a limited supply. In the case of cryptocurrencies, most crypto assets have a maximum supply limit. For example bitcoin (BTC) which has a supply limit of 21 million bitcoins. Many analysts explain that this maximum supply makes crypto assets like Bitcoin more valuable than other assets.
Crypto assets cannot be added to the wishes of their creators like fiat money nor can they be suddenly discovered in large quantities like gold. Therefore, crypto assets will always have a rare nature because of this limited number. This scarcity is one of the reasons why crypto assets are valuable and have value.
Crypto assets cannot be added to the wishes of their creators like fiat money nor can they be suddenly discovered in large quantities like gold. Therefore, crypto assets will always have a rare nature because of this limited number. This scarcity is one of the reasons why crypto assets are valuable and have value.
What would they do with the bitcoin if they never sell or trade it for goods? There would be no use holding it.
Even if Bitcoin had no utility or tangible value, its extreme rarity would still make it valuable to collectors. People like to collect all sorts of things, and it’s the same for scarce goods: the hunt for rarity is an intrinsic part of the fun, even if the item in question has no real-world use. For instance, super rare baseball cards are a collector's dream. Not only do they usually sell for huge sums at auction, they can even fetch the price of a new home for someone who owns a large collection. So it's not like a lack of intrinsic value is going to prevent Bitcoin from being valued by collectors.
For example, several people have no money, but want to play a few games of mahjong, and then make an appointment for a card of poker to represent one dollar. Poker then generates a dollar value. The value it carries at the moment is the mutual promise of several people, and its function is to calculate the quantity.
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.
For every people buying and holding a single bitcoin, the price will keep going up to a point that it will be almost impossible to buy a whole bitcoin with their current wealth. And with the price increasing, others that have bought will want to sell theirs to take their profit. So there will still be more bitcoins for people to buy. What would they do with the bitcoin if they never sell or trade it for goods? There would be no use holding it. 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.
When I read the title, I thought you were asking us why it is valuable but I see that you are rather telling us why it is valuable. I don't know where you get your example from, but the only thing you are right about is the 21 million limit. It is as simple as that it is the best digital system to store and transfer value, especially in large quantities, decentralized, autonomous and resistant to censorship.
To be honest, I also got the same feeling when OP phrased his title as I was expecting it to be a question, but it turned out that it was some valuable information instead.But like you mentioned, the reason on why BTC is considered to be valuable is due to its inflationary value and limited supply on the market. Having only a 21 million in supply means that its price is bound my inflation, and supply-demand. Considering that BTC is used as a form of currency that deletes the use of a third-party in handling our transactions, people can safely transact on the BTC network money from one person to another, without worrying too much on your identity.
I just attempt to write "Why Bitcoin is valuable?" but after reading the OP I was just deceived...
Yes, I agreed that Bitcoin deletes the use of a third party, but still, it has some weaknesses that's why we have to rely on paper money till now.
You know Bitcoin is not a sovereign currency that's why it's usable between a short circle not worldwide, and chargeback is another big factor to use bitcoin in real life.
I think the real value of Bitcoin insists on its decentralization nature, people can hold their funds anonymously that's why they feel interested to move into Bitcoin. And most of them are invested in Bitcoin hoping to get rewards from Bitcoin.
When I read the title, I thought you were asking us why it is valuable but I see that you are rather telling us why it is valuable. I don't know where you get your example from, but the only thing you are right about is the 21 million limit. It is as simple as that it is the best digital system to store and transfer value, especially in large quantities, decentralized, autonomous and resistant to censorship.
To be honest, I also got the same feeling when OP phrased his title as I was expecting it to be a question, but it turned out that it was some valuable information instead.
But like you mentioned, the reason on why BTC is considered to be valuable is due to its inflationary value and limited supply on the market. Having only a 21 million in supply means that its price is bound my inflation, and supply-demand. Considering that BTC is used as a form of currency that deletes the use of a third-party in handling our transactions, people can safely transact on the BTC network money from one person to another, without worrying too much on your identity.
Few things to consider :
1. It's a store of value
2. Unit of exchange
3. Scarcity
4. High demand
5. Is more functional and have extreme mobility as well
6. Its an exception to the traditional currencies and assets
There are so many things that gives bitcoins their value but at the end of the day I think there is a personal aspect to it as well which enables the user to use it without boundaries in contrast to the traditional currencies and investments.
1. It's a store of value
2. Unit of exchange
3. Scarcity
4. High demand
5. Is more functional and have extreme mobility as well
6. Its an exception to the traditional currencies and assets
There are so many things that gives bitcoins their value but at the end of the day I think there is a personal aspect to it as well which enables the user to use it without boundaries in contrast to the traditional currencies and investments.
Simple, Bitcoin becomes valuable because people are willing to exchange it for real goods or services, and even willing to exchange it for cash. that is the point of a valuable and rare asset, it's just a matter of time bitcoin will be a difficult asset to get in the future
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