Topic: Why does bitcoin have value? - page 6. (Read 2227 times)
Bitcoin's value is at many world. bitcoin has become famouse due to his work all over the world. bitcoin is now a popular coin It has been recognized for commercialization.
of course bitcoin is one of the excellent investments we use, because for us krypto really benefits the easy way to earn profits in the future.
Despite the fact that you can not spend bitcoin twice and each coin is unique, bitcoins do not have intrinsic value, unlike a book or other physical object.
Because bitcoin is the first crypto and very popular today, so it has a very big value when compared with gold or others. Bitcon can also be invested so that he has a value that can be a reference currency that is currently circulating digital.
Scarcity is indeed a reason, but that is not the only one though. You can say that bitcoins are priced this way because people see it as something valuable and useful. Similar to gold, people value it based on how much they believe its value to be. To be honest, I would say that gold is a lot more useless than bitcoins as the latter is much much more malleable and has more real world use than gold which is just used as a jewelry or some sort of status symbol.
Value of Bitcoin is also depend on buying-selling like another currencies.
The technique, fundamental and sentimental analysis also depend on buying-selling, the analysis is human's same opinion.
The technique, fundamental and sentimental analysis also depend on buying-selling, the analysis is human's same opinion.
I think that bitcoin have great value, because bitcoin has a very limited supply and bitcoin has a very high demand that makes bitcoin expensive.And so many people now a days using bitcoin as cryto currency and investing to bitcoin.
At my opinion bitcoin have no any value unfortunatly, i think that people really mad because it's obvious that cryptocurrencies are overrated and overpirced without reasons.
careful consideration of the system, its protection from the inflationary process and the absence of the possibility of committing fraud increase the popularity of the crypto currency. Demand also generated the initial desire of some participants to sell their services and products for this currency, which gave buyers a willingness to accept it as payment!
I see bitcoin has value because I see bitcoin is in need in society and bitcoin is also very useful in society so make bitcoin become very often used and become very expensive.
People see bitcoin as a good asset, it is anonymous, fast, not subject to the state, and its number is limited, all this makes it so expensive!)
BTC is in demand in this era, it is used by many and they think that bitcoin can replace fiat money in the future, unlike in fiat money, The transaction in bitcoin have a lower risk because of its security and fast reliable transaction, thats why it is used by many investors around the globe, used by companies and private sectors, The higher the demand the higher the value of bitcoin, because of its low supply 21 million Bit, the value of each will soon rise, maybe at the end of the year 2018, if my prediction will come true.
Bitcoin has value because of the seller and buyers and also the holders there are many demands of bitcoin and it deas big volume and this volume make the price moves.
Well, I will say that it is the mother of all crypto-currencies and it is the most popular crpto, and its demand and supply all these make it valuable.
-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.
Its like a person who offered you a service which is new to you. So you accepted the offered service and you saw that its very effective, very useful , and very trusted. So later on, you recommended to your friends about this offered service and all of them approved for its good service and very trusted. Later on and on, many people wants this service and the demand is rising and every one wants it. Thats the how the value was made.
Bitcoin has value because it is like gold in the internet. It is also mined and people buy an expensive equipment to mined them and it is limited in supply. Since it is limited, it becomes really precious and the price of it depends on the demand from the people.
one of the possible reasons: value as a collectible (on the same principle as the activities of people who collect rare metals, stones, shells, stamps, paintings and baseball cards).
because of the first coin bitcoin in cryptocurrency and no 1 in crypto. Bitcoin has value because more and more people are interested to use it as a means of digital transactions that provide many benefits and profits are also great if we invest bitcoin.
Yes that is one of the reason that bitcoin is No.1 in cryptocurrencies and that is why the adopters of bitcoin are more higher than any other coin and because of that the value of bitcoin is more higher than the value of any other coin. But along with that there are many other reasons which make bitcoin adoption and value higher than other. That is the adoption of bitcoin is much convenient than any other coin because the exchanges of bitcoin are much more the expenditure of bitcoin as a normal currency is also an easiest way as many businesses and stores are nowadays accepting bitcoin.
All users who joined in croto world made bitcoin valuable.,for different reasons in comes by earning money
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