Topic: Why does bitcoin have value? - page 17. (Read 2231 times)
Bitcoin has value for the simple fact that it is being used by people. If people will stop using bitcoin then it will be much less of a value. The fact that it has demand already means it will have a value.
Digital money. This term has never been in our lives before. There was the use of coins to buy games from the Internet. But these tokens were not used as digital money. Nowadays, these tokens are something worth seeing on stock market sites.
Bitcoin's worth up to 20k.
Bitcoin's worth up to 20k.
-I think It is popular. many people accept and trade in Bitcoin because It is recognized and accepted as a currency by many.
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
-Bitcoin acts like an equity investment. The market value of Bitcoins has had wild swings in value and even a market cap.
-Bitcoin is a social network. The Bitcoin "community" is active and acts like other online social networks.
-There are only 21 million bits so it has the same value as gold.
Bitcoin is a crypto currency with all the benefits as well as bitcoin has a very limited supply, and because of the demand the bitcoin has value, the higher the demand for bitcoin makes the bitcoin value increase.
because bitcoin created with a limited number sedangkn number of people who want to have a bitcoin is growing from year to year so that bitcoin market demand increases and dwindling and that is what continues to push its value higher bitcoin
Bitcoins are valuable because there are many people investing in it. The amount of bitcoin is limited. Bitcoin's technology is modern, it's security is high.
Because bitcoin really stands out against the background of other crypto-currencies. And why is it valuable, because it invested a lot of investors, respectively, we tend to say that it is a valuable coin.
-I think It is popular. many people accept and trade in Bitcoin because It is recognized and accepted as a currency by many.
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
-Bitcoin acts like an equity investment. The market value of Bitcoins has had wild swings in value and even a market cap.
-Bitcoin is a social network. The Bitcoin "community" is active and acts like other online social networks.
-There are only 21 million bits so it has the same value as gold.
Probably because Bitcoin attracts businessmen,investors and crypto users and they are using it and saw its growing potential in the future. For conducting transactions,trading and for payment without intermediaries like what traditional banking does.
Blockchain technology solves that and a lot of people are now investing on cryptocurrency. The financial privacy it offers is what makes it more valuable.
Bitcoin has value because it can be used as payment option. If more and more people start using it, it might become the number one choice for payments.
Bitcoin value depends on its demand on market. It's popularity and as an experienced one bit on is highly demanded in crypto market. Thats why it always keeps it's price high.
Actually the price of BTC is fluctuating quite a bit.
We all know it.
So, yeah everything above 8000$ is high enough but you can't say it's keeping it price high.
It is just like buying some foods wherein in our history there is no value for everything and people are using barter to exchange things they want to have, until such time that money was introduced and the price of a certain goods/services are introduced as well, in the case of bitcoin it is just like we are buying gold, we are buying it depending on our willingness to buy and the price depends entirely on the law of demand and supply.
The bitcoin has enormous intrinsic value and also many fans.
January 3, 2009 should be remembered as the most historic day in the world of cryptocurrency. The date is the date of the genesis block by Satoshi Nakamoto the creator of Bitcoin [1]. Genesis block is a block numbered sequence 0 which became the beginning of Bitcoin system. Then, the software that runs the Bitcoin system was introduced in the cryptographic mailing list on January 9, 2009, and the world's first bitcoin transaction performed by Satoshi and Hal Finney occurred on January 12, 2009 recorded on block 170. As history records, Bitcoin now has an increasing price rising and occupying the first position in the list of the world's most valuable cryptocurrency with a total valuation of US $ 67 billion (According to Coinmarketcap.com site as of August 16, 2017), far away Ethereum is in second place with a valuation price of US $ 28 billion. Significant price increases occurred in the past year, where prices were priced at US $ 569 on August 16, 2016, and on August 17, 2017 traded at prices over US $ 4000 One bitcoin. This price spike reached approximately 7 times in just one year.
According to my knowledge that I read read from an article there are several causes that make bitcoin valuable:
1.Increased technology promised by Bitcoin through system changes
2. In offload bitcoin in some countries.
3 .its prices are unstable, sometimes up sometimes down, with the day getting more and more enthusiasts to buy bitcoin, as well as bitcoin prices increases with the cause of its many market demands.
May be useful...!!!
1.Increased technology promised by Bitcoin through system changes
2. In offload bitcoin in some countries.
3 .its prices are unstable, sometimes up sometimes down, with the day getting more and more enthusiasts to buy bitcoin, as well as bitcoin prices increases with the cause of its many market demands.
May be useful...!!!
Bitcoin value depends on its demand on market. It's popularity and as an experienced one bit on is highly demanded in crypto market. Thats why it always keeps it's price high.
Bitcoin offers an efficient means of transferring money over the internet and is controlled by a decentralized network with a transparent set of rules, thus presenting an alternative to central bank controlled fiat money. There has been a lot of talk about how to price bitcoin and we set out here to explore what bitcoin's price might look like in the event it achieves some level of widespread adoption
In simple words, Bitcoin has value because people like you and me give it the value. You can look at Bitcoin as “just a blip of code” but that code becomes valuable because of its superior transactions and storage capabilities as compared to physical cash. Bitcoin can be seamlessly used on internet and is actually impossible to counterfeit. Bitcoin is very difficult to lose the value as a result of carelessness or theft. Also, it is fully in our control.
-I think It is popular. many people accept and trade in Bitcoin because It is recognized and accepted as a currency by many.
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
-Bitcoin acts like an equity investment. The market value of Bitcoins has had wild swings in value and even a market cap.
-Bitcoin is a social network. The Bitcoin "community" is active and acts like other online social networks.
-There are only 21 million bits so it has the same value as gold.
Bitcoin has value because bitcoin is popular and has many uses, and it makes a lot of people who want bitcoin, the more who want bitcoin will make bitcoin more valuable.
Bitcoin is of great value because bitcoin was born early in the cryptocurrency market. Because it was born early, many investors believed and used it as a tool for business and investment. At the same time bitcoin is also absorbed by the extremely modern and intelligent blockchain technology. Thus, the price of bitcoin is always the highest in the market regardless of how the market fluctuates.
bitcoin is valuable because people value bitcoin and there is a high demand, because they believe that bitcoin is the solution to free the world from economic slavery (fiat currency inflation).
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
Bitcoin is more easily tracked by the government or by everyone because there is blockchain.
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
Bitcoin is more easily tracked by the government or by everyone because there is blockchain.
In my own opinion, the main reason why bitcoin is having value its because bitcoin is buy with a true money or converted from fiat to digital currency for a purpose of investment.
bitcoin is valuable because people value bitcoin and there is a high demand, because they believe that bitcoin is the solution to free the world from economic slavery (fiat currency inflation).
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
Bitcoin is more easily tracked by the government or by everyone because there is blockchain.
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
Bitcoin is more easily tracked by the government or by everyone because there is blockchain.
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