Topic: Why Bitcoin is valuable? - page 5. (Read 1197 times)
Bitcoin is indeed valuable, it gives freedom to each individual in regulating the monetary system. The high adrift value also makes it known to many people and has even become a target here and there. Although the value of Bitcoin is uncertain, there is always hope of profiting from it. The important thing is that we are willing to wait patiently for the right time.Usually many are trapped by their own emotions, therefore I will try to learn from these mistakes.
when you say 21 million people buy 1 bitcoin each person actually in this case it is impossible to do.
first bitcoins are currently still being mined and it is still quite a while for them to finish mining.
secondly, if they buy it, then what is it for? we are in bitcoin because this is a profitable investment for the future (for me) and when it is for sure when the price in bitcoin matches what I want of course I will sell my bitcoin and it will definitely happen to someone else also because there really are a lot of people who would like that and I'm not the only one doing it
Let say that all 21 million bitcoin are mined, I still do not think that 21 million people can buy 1 bitcoin each because when the time comes when the 21 million bitcoin have all been mined, their value is also going to be very expensive and yes the op is right when he say that people cannot buy anymore after owning 1 bitcoin, because they will now be broke or full of debts after that lol but seriously if what the op means is about the circulation or obtaining a new bitcoin then its still possible because like you said most of us here that involved in bitcoin are only for the profit, we do not hold bitcoin forever so the bitcoin still circulates from one person to the other. first bitcoins are currently still being mined and it is still quite a while for them to finish mining.
secondly, if they buy it, then what is it for? we are in bitcoin because this is a profitable investment for the future (for me) and when it is for sure when the price in bitcoin matches what I want of course I will sell my bitcoin and it will definitely happen to someone else also because there really are a lot of people who would like that and I'm not the only one doing it
Bitcoin is valuable because it has properties that make other assets valuable: scarcity, acceptation....
While having other properties which not all other assets got: Easy to conceal/store, divisible, borderless, censorship-proof, etc.
While having other properties which not all other assets got: Easy to conceal/store, divisible, borderless, censorship-proof, etc.
Bitcoin is valuable because 60% of the total market cap is invested only in bitcoin and when so many people trust bitcoin this means that it is valuable
Actually, bitcoin is widely accepted everywhere and it is a decentralized cryptocurrency. Another major reason is that bitcoin supply is fixed, thus no one can produce more bitcoins to increase its supply and reduce its price.
Bitcoin is valuable because it has properties that make other assets valuable: scarcity, acceptation....
While having other properties which not all other assets got: Easy to conceal/store, divisible, borderless, censorship-proof, etc.
While having other properties which not all other assets got: Easy to conceal/store, divisible, borderless, censorship-proof, etc.
the limited number of bitcoins makes it very valuable, only 21 million are available and can't be added or subtracted. Nowadays it is getting more and more difficult to get bitcoin by mining, it will cost a lot and the tools required.
Bitcoin is the first decentralized digital currency that is very valuable and has an increasing value. Many new investors are starting to enter as well as many adoptions made by the world's big companies. this proves bitcoin is highly valued. not just speculation.
Bitcoin is the first decentralized digital currency that is very valuable and has an increasing value. Many new investors are starting to enter as well as many adoptions made by the world's big companies. this proves bitcoin is highly valued. not just speculation.
Why bitcoin is valuable?
Bitcoin is valuable because it as a limited supply and there is a demand for it. There is a demand because people can use bitcoin as a means of exchange( an act of giving one thing and receiving another).
DEMAND!Bitcoin is valuable because it as a limited supply and there is a demand for it. There is a demand because people can use bitcoin as a means of exchange( an act of giving one thing and receiving another).
This is the main reason because it wouldnt really get any value if it doesnt have this thing.Although there are lots of criticisms on which bitcoin had able to get but considering
that we are on decade plus now on its existence then it do proves out that there's really a potential that it could really go into further years to come.This isnt only talking
about profit making but also into its real use case relevance which most people do really been eyeing on.
Why bitcoin is valuable I only answered bitcoin is valuable because there is still the trust of big investors if investors have lost faith in bitcoin bitcoin will definitely go down in price, do you agree with me?
I agree with you, Bitcoin does have value because there is trust from investors in Bitcoin. This means that with supply and demand it will make
Bitcoin valuable, imagine if there were no investors who wanted to buy Bitcoin, then Bitcoin has no value at all. Therefore it is very important
Bitcoin has the trust of Investors. Bitcoin is highly trusted because it is different from fiat which is controlled by the government. Bitcoin is
a decentralized currency, we can carry out financial transactions without the need to go through a third party. Then the very limited number of
Bitcoins also makes Bitcoin more valuable, in contrast to fiat which can be printed at any time by the government. That's why the popularity and
demand for Bitcoin continues to increase, because Bitcoin provides benefits that fiat cannot provide.
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Well, forget all of them OP as they are not the cause for Bitcoin becoming valuable. It is simple, people will invest in Bitcoin for some reason but the top of it is to gain profit. We can't assume that those people who no interest in Bitcoin will invest, definitely no and they keep rejecting this opportunity rather than risking their money. As for them, they will enjoy other stuff as you have mentioned rather than talking and searching about crypto.
Why bitcoin is valuable?
Bitcoin is valuable because it as a limited supply and there is a demand for it. There is a demand because people can use bitcoin as a means of exchange( an act of giving one thing and receiving another).
Bitcoin is valuable because it as a limited supply and there is a demand for it. There is a demand because people can use bitcoin as a means of exchange( an act of giving one thing and receiving another).
when you say 21 million people buy 1 bitcoin each person actually in this case it is impossible to do.
first bitcoins are currently still being mined and it is still quite a while for them to finish mining.
secondly, if they buy it, then what is it for? we are in bitcoin because this is a profitable investment for the future (for me) and when it is for sure when the price in bitcoin matches what I want of course I will sell my bitcoin and it will definitely happen to someone else also because there really are a lot of people who would like that and I'm not the only one doing it
first bitcoins are currently still being mined and it is still quite a while for them to finish mining.
secondly, if they buy it, then what is it for? we are in bitcoin because this is a profitable investment for the future (for me) and when it is for sure when the price in bitcoin matches what I want of course I will sell my bitcoin and it will definitely happen to someone else also because there really are a lot of people who would like that and I'm not the only one doing it
Exactly one of bitcoins most valuable features is its scarcity. The fact that only 21 million will ever be made..if you think about how many people are in this world, it just goes to show how truly scarce it is versus so many other coins (or even the US dollar). All these coins with unlimited supplies are just silly.
Why bitcoin is valuable I only answered bitcoin is valuable because there is still the trust of big investors if investors have lost faith in bitcoin bitcoin will definitely go down in price, do you agree with me?
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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.
This is a theoretical fantasy,which will never happen in reality.
Anyway,assuming that your fantasy happens,why do you think those 21 million people will buy one Bitcoin?
I think that the main reason the people are buying BTC is to sell it at a higher price.
There's no point for 21 million people to buy 21 million Bitcoins and keep the BTC in their wallets forever.
That's why your assumption about the people never being able to buy BTC again is wrong.
I'm not going to waste my time explaining why Bitcoin has value.This has been explained multiple times in various forum posts.
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Additionally to what the OP input about the limited supply, Bitcoin is the first coin that introduced the use of Blockchain. Simply Bitcoin starts everything in crypto world. Other tokens like Ethereum are just an improved version of Bitcoin Blockchain but no one can beat the fact that Bitcoin is the first to be known in crypto.
Limited supply is just an extra feature that makes it valuable since there's a lot of coin/tokens out there that has lesser supply than Bitcoin yet it has a lower value so if the limited supply is only what we are talking about to determine how valuable a token then tokens like YFI should have a greater value than BTC right now.
Limited supply is just an extra feature that makes it valuable since there's a lot of coin/tokens out there that has lesser supply than Bitcoin yet it has a lower value so if the limited supply is only what we are talking about to determine how valuable a token then tokens like YFI should have a greater value than BTC right now.
Op, I guess your title was intended to be a statement and not a question.
So, you can edit the post and remove the question mark, it will make your post more correct.
Yes, it is true that one of the reasons bitcoin is valuable is that it has fixed supply.
Also, another reason that bitcoin is valuable is because we make it to be valuable. If everyone of us decides to disbelief and desert bitcoin. We all know that it will crash to naught.
So, you can edit the post and remove the question mark, it will make your post more correct.
Yes, it is true that one of the reasons bitcoin is valuable is that it has fixed supply.
Also, another reason that bitcoin is valuable is because we make it to be valuable. If everyone of us decides to disbelief and desert bitcoin. We all know that it will crash to naught.
Why is bitcoin valuable? Due to the limited supply of bitcoins which has a supply limit of only 21 million bitcoins, compared to Fiat or unlimited banknotes which are produced daily and are also easy to counterfeit.
And that's what makes bitcoin so valuable because it's in short supply and scarce, besides that it can't be counterfeited and corrupted, and it's more secure and convenient than fiat.
and the price of bitcoin is determined by supply and demand and is also very volatile, where the price can change significantly from time to time and the price of bitcoin can be very expensive and vice versa.
And that's what makes bitcoin so valuable because it's in short supply and scarce, besides that it can't be counterfeited and corrupted, and it's more secure and convenient than fiat.
and the price of bitcoin is determined by supply and demand and is also very volatile, where the price can change significantly from time to time and the price of bitcoin can be very expensive and vice versa.
Why is bitcoin valuable? Because bitcoin is limited to 21 million and it traded at $36k, it will change from time to time. The value that bitcoin caries is from the supply or demand of people who want to buy bitcoin at a high or low price. While some whales still hold their bitcoin without wanting to sell half or even all amounts, that will change the value. The value of bitcoin can change, but the number of bitcoin is not changing, making bitcoin itself rare and making many people want to have many bitcoins to be sold at a high price.
That is what I get after trying to connect the title and the content. But maybe I am wrong about this.
That is what I get after trying to connect the title and the content. But maybe I am wrong about this.
Bitcoin is valuable because is a decentralized currency that is real to humanity to use to improve all businesses and investment in the world. It has eliminated many errors from world economy and also reduced unemployment from the community. Many countries that adopted bitcoin some years ago are really enjoying the benefits of decentralized currency.
Bitcoin is valuable to humanity that know how to use it positively in the community.
Bitcoin is valuable to humanity that know how to use it positively in the community.
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 the total supply of 21 million bitcoins has been exhausted, of course this will become a scarcity in the market so that it will make the price of bitcoin more valuable because the demand in the market will increase while the supply is less, this is certainly good for bitcoin holders because they will get big profits when selling it. Jump to: