Topic: Why does bitcoin have value? - page 2. (Read 2244 times)
Bitcoin has gained such a high value due to its high demand and its demand has increased high as people found it to be worth the investment as its supply is limited and it being totally out of the reach of the hands of government.Also people found it that it could not be hacked by anyone unless we reveal the private keys of the wallet in which it is stored. divisible and fungible have value and all of its backed by an enermous distributed network of bitcoin miners and a worldwide of bitcoin nodes. Most of all bitcoin is very volatile relation to other currencies thats why bitcoin have value.
because when bitcoin is released, bitcoin developers invite investors to invest in bitcoin companies to provide funds used for bitcoin project development. just like the other token ico. when bitcoin is already released in the market, bitcoin auto has sell value like stock selling price in general. and bitcoin prices could soar as more and more investors are putting capital in bitcoin companies.
the more bitcoin demand will make the bitcoin increase in value. Bitcoin is recognized and used as a currency in the community and can make bitcoin a value
Bitcoin has value because it is being used by people. It gained value because it is now usable and people also gain benefit from using it aside from profitability through investment and tradings but also the convenience of cashless transaction online.
Because many countries depend on bitcoin so bitcoin is more important because it helps especially in the Philippines and many are rich in bitcoins thanks to the fact that they are more valuable to bitcoin
bitcoin have a value because an economy law, if the demand of bitcoin high and the stock is low so the price of bitcoin will be increasing, and if the demand is low and the stock is high the price of bitcoin will go down, its work on all things in the world.
It does has value because it is money in the form of digital, it is listed in the coin market and that makes it legit and controlled by demands and supply in the market
yes, because bitcoin is a very easy to use digital transaction tool in use worldwide, besides bitcoin has trust and in the interest of many people, so automatic bitcoin has high value.
I think that the question "Why does bitcoin have value?" can be applied to any other kind of value/payment: simply it has its own value because the people accept it and recognize it as something with a value. If nobody would care about gold then it would have no value.
Value is what makes bitcoin valuable and why bitcoin has value, I think because that creates bitcoin already know for the future that bitcoin only in supply little is not excessive it will be more valuable I am sure it.
-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.
I think because bitcoin has properties and characters like gold. bitcoin and gold have a limited amount. to get it we have to do mining. then both are very liked by the community and can be accepted as a currency. the limited number but with the high demand that makes it has a high value.
becuase of people stablishing. people can give value for all things
The value of bitcoin is driven by its community support.First,its price was very low as very few people used it and so the demand was very low.Mass adoption was needed for bitcoin's price to increase high and nowadays,its becoming true.More companies coming forward to accept bitcoin payment,more countries to legalize bitcoin. The main reason for its continuous increase in value is its limited supply of 21 million coins and unlike paper currency,it could not be printed more and issued which causes value of paper currency to get low.
Bitcoin has a value meanly because we gave value on it. It is like the classic stocks and shares stuff where there are stocks you buy it in a low price and later on you sell it in a good for the others to be part of the inc or company or stock holders.
Yes, Bitcoin has value because of us. We keep on supporting and investing in Bitcoin, the reason why Bitcoin is becoming more valuable and popular worldwide.
Bitcoin have a big value for us because its a big oppurtunity if we had and own bitcoin it can be used in any transactions like payment buy and sell and mostly the beautiful it can be exchange a true money depends the value in the market.
Its value came from people's demand, since large group people have decided to use it as a form of payment the price becomes dependent on people. Bitcoin has actually no value, ita just that it becomes globally accepted as a form of payment. Larger group of people in the community increases the price of the coin.
It has value because is form of payment people buy and sell bitcoin. 2.Bitcoin is decentralized 3. You can buy other crypto currency
Bitcoin have value because it is use in cryto currency world as mode of payment. It also have investors that makes the value changeable, that is why bitcoin value is unstable, some investors hold it and some cash it out if they already contented to the value.
I think Bitcoin is new form of online payment on international level which is accept by people. And it's limited supply makes its value higher.
Bitcoin does have value because of its decentralization system which really gives privacy to users and the superior Technology along with the Blockchain.
Bitcoin does have value because of its decentralization system which really gives privacy to users and the superior Technology along with the Blockchain.
Bitcoin have value because Most of all of the virtual currencies in the market are decentralized, so there can be a question why you wanted to choose one over another Wink.
i think bitcoin has a great value because its supply is limited.
The limited supply means the greater value.
The more demands, and limitied supply = great value more.
In my opinion why bitcoin having value its because bitcoin is invested with a true money and can be converted or exchange also in any currency we want to. The limited supply means the greater value.
The more demands, and limitied supply = great value more.
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