Why does bitcoin have value? - page 3.

Ronyx

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Quote from: ICOTREND on February 03, 2018, 07:44:22 AM

-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 many people consider bitcoin valuable. Bitcoin has a limited amount and more and more people want bitcoin, it will make the bitcoin value go up higher.

lionheart78

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Quote from: bicoin110 on February 03, 2018, 08:56:12 AM

becuase of people stablishing. people can give value for all things

It is the people that are patronizing it that gives value. With out the people who believe in it, as soon as the people stop talking about bitcoin, stop teaching others, sto0 endorsing it to others, the value will fall and start to die. It is the people that believe in it that pushes or boost it to be known and circulate in the community.

Earthwood

newbie

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Quote from: abiola1 on June 01, 2018, 04:48:32 PM

Bitcoin creates value for both earlier investors and for new ones, providing more and more opportunities for using currency, the amount of which, moreover, is limited. It's not deceit and not stealing, but just the good old law of supply-demand in action, or in other words, the ancient economic principle, in the service of the newest currency system.

Bitcoin does have a value because of course, it is a type of digitized currency. If we talk about currency, you can say that this material is a currency if it has a face value. It’s the same as the traditional. Not Anyone can manipulate the value of bitcoin.

abiola1

full member

Activity: 294

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Bitcoin creates value for both earlier investors and for new ones, providing more and more opportunities for using currency, the amount of which, moreover, is limited. It's not deceit and not stealing, but just the good old law of supply-demand in action, or in other words, the ancient economic principle, in the service of the newest currency system.

sumanto

full member

Activity: 462

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bitcoin has a value because bitcoin has a very good development, bitcoin can be used to pay for anything you want and not only that bitcoin also has a very limited total supply that makes bitcoin can be very expensive.

jayveerastrullo

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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.

LKingLion

newbie

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Bitcoin have a value because people give bitcoin a value by means of participating in Bitcoin ico, watching the update of bitcoin, and people accept bitcoin as digital currency in some places. There is a clear future for bitcoin because of the people's supports.

jobel

newbie

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There is one reason why Bitcoin has a value. It is because of the people who made this Bitcoin. But unlike other money which made form paper it has a value but with exact value or amount. but Bitcoin's value is changing.

andeonnut

jr. member

Activity: 238

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It has value because we all decide it does. Just like anything else.

Sir Paijoe

sr. member

Activity: 574

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The key to bitcoin has value because everyone and users are interested in using and having bitcoin, this is what makes everyone interested in bitcoin investments, and I'm sure that the future will continue to improve.

reality18

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Bitcoin has value because it was made for the people due to the decentralized nature. The principle of supply and demand works perfectly fine on Bitcoin. Just like any product on the market, limited supply with increase demand creates value for the product. Bitcoin has a total supply of 21 million yet the demand increases each time as evidenced on the coinmarketcap.

sinthia1234

newbie

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I think it is popular.Many people accept and tread in bitcoin.Bitcoin is a currency that bitcoin has value for the same reason gold has value.Bitcoin can be used as payment.

liseff3

sr. member

Activity: 532

Merit: 255

Quote from: ICOTREND on February 03, 2018, 07:44:22 AM

-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 globally accepted. By people, yes, but this does not apply to most countries.
Innovation bitcoin able to cover the existing deficiencies in fiat money, so it becomes a magnet of its own in attracting investors, not even a few large class investors who put bitcoin into their portfolio.

supergorg27

member

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Bitcoin is just like a gold and users make it popular that's why it is accepted as a crypto currency and recognized by many.

asm9060

newbie

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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

Louise0910

member

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why does bitcoin have value?
because bitcoin is the main currency in the blockchain, every transaction occurs require mathematical solution every blocked solved miner take share in this cycle BTC earn value plus the demand factor.

TheKeyLongThumbI

full member

Activity: 448

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Because it is very convenient to use and it is scarce. It is also a technology so definitely it has a price unlike those fiat papers that easily could burn and has no state of the art features that bitcoin has.

IL.Guerreiro

newbie

Activity: 118

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Because it is created stop the inflation system and to make deflation take over. Inflation take many things from us without justice and bitcoin is the answer.

toast

sr. member

Activity: 1582

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Quote from: ICOTREND on February 03, 2018, 07:44:22 AM

-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 currency that has value but the value in terms of a group of people who access and invest in it just as the money applicable to the country has value because it is recognized by that country

Marcogwapo

jr. member

Activity: 63

Merit: 1

Bitcoins created because of the popularity of internet. This cyberworld will continue to upgrade as the used of this cryptocurrency. As of now many persons are not yet familiar with this but in the end, may be this will change
the used of money.

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