Why does bitcoin have value? - page 22.

Hellokitty09

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Merit: 9

Quote from: leexhin on February 12, 2018, 02:41:12 AM

Bitcoin has a value because of the people who continues to support it or invest in it.
Bitcoin price is depending only at the demands so as the demands grow the price would go along the way.
I only wish that the demand for bitcoin would never stop .

No one can't stop the growth of bitcoin because it is already very famous and popular among the people. The price of bitcoin is not stable always the price is fluctuates. Bitcoin is more valuable than others because it has more value than any other assets. Now the value of bitcoin is very low so this is the time to invest in bitcoin. Hold the bitcoin for long term it will give more money than you invest. The value of bitcoin will increase in near future. Toll that hold it with patience.

Grayy

member

Activity: 322

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Bitcoin is a currency now. Not just a currency,it's a currency that solves more problems than what the banking system and other financial systems do. There's no double spending, there's no middleman,massive transparency and extremely fast transactions with very minimal charges. Because bitcoin is a problem solver it has value. And because the amount is fixed at 21 million, demand and supply principles easily catapult the price of bitcoin at any time.

pilnenkii

newbie

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Good evening everyone. Every day, bitcoin becomes more stable and more popular. Bitcoin is hard for governments to track and
to impose taxes-Bitcoin acts as an investment in equity.

yoseph

sr. member

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Quote from: allthingsluxury on May 17, 2018, 01:06:32 PM

Because people are willing to pay for it. The same as anything else.

The more people value something and buy lot's of it, the more it's value rises and that's the exact thing that has happened to Bitcoin.It's value rises because more people believe and then invest into it.

Yarsk

full member

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The most reason why bitcoin have such high value in the eyes of the people is bitcoin ability to operate independent of the government or any financial institutions giving the people the total freedom in they financial life. Bitcoin being decentralized and volatile makes it so unique.

onurgozupek

hero member

Activity: 1319

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In #Bitcoin me trust

Simple question: Why does a currency (paper or coin) have a value? Who decides it and how do they guarantee the value of the amount, written on it? Just governments.

On the other hand, Bitcoin is the money of a global community. You are already a member of the community. Yes it's not secret that someone who has fiat currency pays for Bitcoin but it's being created according to some strict rules. You can't create Bitcoin behind closed doors whenever you want...

ClaraLuV

full member

Activity: 236

Merit: 100

Presale is live!

The value of any goods is normally determined by the economic factors of demand and supply, there is more demand due to the people's desire to use bitcoins as a digital currency, which gives value for bitcoins. Bitcoins are used as a crypto currency as well as an investment asset due to the increase in price of bitcoins. As every day new users are entering the bitcoin the demand keeps on increasing causing for the rise in the price of bitcoins. People are interested in the bitcoins as the bitcoins network is secure than fiat transactions and only the users have complete control over their earnings.

zhagedus

jr. member

Activity: 124

Merit: 1

To my personal opinion about Bitcoin value, it is because of the success of it project from the beginning. Also Bitcoin is the mother of all coins so it shade all coins under it value.

RokokGudangGaram

full member

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Quote from: batang_bitcoin on March 01, 2018, 04:48:23 AM

Quote from: furry04 on February 27, 2018, 04:43:50 PM

the demand of people to buy it and use as an investment asset in order to earn fiat money for now, I think this is the most important thing recently about its value.

Its market cap is the most important thing in bitcoin.

If there's no market cap, bitcoin would definitely going to be 0 value but as long as it has a big market cap it will have its value.

correctly. let alone the bitcoin has been used as an investment from the past until now that can cause the bitcoin is increasingly worth its value. so the more that use the bitcoin is also more value if I think

allthingsluxury

legendary

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Because people are willing to pay for it. The same as anything else.

DarrinEspacio

newbie

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bitcoin has value because we get feedback from it.

washing.machine

jr. member

Activity: 126

Merit: 5

Scarcity and usefulness
In the economic field, there is something of value from Bitcoin when examining the following two factors: scarcity and usefulness. Scarcity simply means something is limited. In the case of bitcoin, cryptocurrency has a set of top 21 million bitcoins.
Many analysts note that this set top makes bitcoin more desirable than other assets, even gold. That's because unlike gold, there's nothing to worry about with a digital Gold Rush.

nethan1btc

sr. member

Activity: 574

Merit: 250

Actually, as the bitcoin become popular it value is increasing and many will attract due to its great capability that makes each and everyone become comfortable and easier that can transact so fast as peer to peer communication. As time goes by bitcoin become popular and those haters of bitcoin become lovers of bitcoin now as they regret at first when I introduce bitcoin to them. Though, there have some circumstances bitcoin will encounter like on it's downfall but after several days or months it will back to it's stabilize value.

hacking13

newbie

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Merit: 0

Bitcoin would easily have high value because of it being the first cryptocurrecy known and over time the demand got higher. Many people getting into trading with the cryptocurrency that made it the main medium or say, standard of crypto even when other coins came into existence. I think Bitcoin is just to Cryptocurrency as the American Dollar is to the fiat currency. Widely accepted

Stigmuu

newbie

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because we invest in btc.,the value is getting high..just like in business, we invest to the things we know it has value.

kkukkugaga

member

Activity: 238

Merit: 10

Hello World!

In my opinion, people who gives support and trust to btc is the reason why it has value. Just like the paper money, we all know that it was only man-made, yet we tend to use it in our daily lives, it shows that the more people put their trust on that specific object, then that's the time it will have it's worth or value. Aside from that, as the number of people using btc increases and as long as many investors tend to invest on btc, it will continuously increase its value in the market.

befriendmywater

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Quote from: Petmalu001 on March 01, 2018, 04:42:49 AM

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.

Yes, I totally agree with your opinion. Bitcoins are valuable because of their convenience and anonymity. We can transfer millions of dollars to another person at extremely low rates and not through any intermediaries. That's what people like. The value of bitcoin is increased by anonymous transactions. The terrorists use bitcoin to buy weapons and buy many people.

batang_bitcoin

hero member

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Merit: 603

Quote from: furry04 on February 27, 2018, 04:43:50 PM

the demand of people to buy it and use as an investment asset in order to earn fiat money for now, I think this is the most important thing recently about its value.

Its market cap is the most important thing in bitcoin.

If there's no market cap, bitcoin would definitely going to be 0 value but as long as it has a big market cap it will have its value.

Petmalu001

newbie

Activity: 168

Merit: 0

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.

furry04

full member

Activity: 308

Merit: 100

the demand of people to buy it and use as an investment asset in order to earn fiat money for now, I think this is the most important thing recently about its value.

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