Topic: Why does bitcoin have value? - page 8. (Read 2231 times)
I think this little read explains it well https://www.bitcoinmarketinsider.com/what-is-bitcoin/why-bitcoin-has-value/
Many factors influence why bitcoin has value, and among those factors is because Bitcoin developed it with Idealism. In a sense, the government does not intervene about Bitcoin trading. With this, you obviously have to analyze the Bitcoin currency. So you who have Bitcoin can develop their own in the market.
For me, bitcoin has value because of the demand for it. We all know that bitcoin is also a currency, but the only difference is it forms of digital. When the bitcoin community, demand, and acceptance grows that price of it also increases. Also, regarding bitcoin’s capability like it is decentralized and less fee in your transaction vice versa. The other factors are bitcoin is the first cryptocurrency that has the technology of blockchain that does P2P. There are so many reasons why bitcoin has a value it will only depend on the question of a person what he/she want to know. 
-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 recognized and used as the currency in the community and it can make bitcoins have value, the more demand for bitcoin will make bitcoin increasing in value.
more precisely, the role of the market greatly affects the selling and development of bitcoin. If the market continues to demand for bitcoin demand, auto purchasing power increases. and in due time, bitcoin will become an influential buying and selling tool in the world.
-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 recognized and used as the currency in the community and it can make bitcoins have value, the more demand for bitcoin will make bitcoin increasing in value.
Since it is widely used in digital transaction, this token serves as a ticket to avail some sort of thing.
Because of that it earn value the more people is holding it.
Because of that it earn value the more people is holding it.
It looks insane, but I wouldn't even be surprised to find out that the Jihan cartel already accounts for more than 51% of the network's hashing power. It won't however be abused since the damage you inflict on Bitcoin will be 100 times worse than what you will gain from it. It's already a costly process to initiate whatever malicious attack, but if you add the damage on top of it, no one will do this.
because bitcoin has got a very high value, the limited bitcoin that makes bitcoin in the same means of investment with people and bitcoin more and more in the interest of the community.
we can easily to dilute bitcoin with a very cheap transaction and while there is this type of virtual currency must be someone who knows there bitcoin will never pass it.
we can easily to dilute bitcoin with a very cheap transaction and while there is this type of virtual currency must be someone who knows there bitcoin will never pass it.
You have answered your question in those points. Let me add my opinion too, everything that is usable has value so is Bitcoin. With limited supply, Bitcoin has evolved to be gem for a long term. Its price is increasing along the time because people started to be aware the potential of Bitcoin in the future that disrupting world traditional financial system. It is cashless, cheaper, reliable and safer for every transaction.
Bitcoin has value because it is accepted as digital asset and also can be used as currency.Also it can be used as investment tool , can be traded in the market .with limited supply, btc price can fluctuate up and down sharply and investirs can get high profit.
Well, in simple terms a currency will only go as far as its usability. If companies hop onto bitcoin and other various cryptos (for many, many reasons they will in the future) this becomes a typical currency. What makes it different is the fact that its capped, so no government can step in and deflate the currency by pumping more of it into the economy. As long as people trust and use it, it will keep soaring higher and higher. Of course there will always be those to HODL forever just like people with USD, but they'll make a lot more in the long run than any USD inflation will get you. So, if people value it as real currency it becomes supply and demand.
It has value because the people who use the currency says it does. Why is USD worth anything, it's nothing more than a piece of cloth. It is not backed by anything store of value like gold. It has not been backed for a while. In the production of any crypto coin, there is the value it takes to mine that coin. It takes electricity to mine coins, so there is a basis of value in that. There were times when it cost more to mine what a bitcoin was worth on the market. I'm not an expert and someone can please correct me if anythings wrong, for my better understanding, but that's how I see 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.
You have actually make some senses in your Presentation based on all the potentialities embedded in Bitcoin for its popularity reasons why it is having the greatest value ever. I must in addendum remind us that Bitcoin is the mother coin, which is the genesis of all other coins, so its popularity is of no equal at all. It has grown in all Economies of the world in awareness that Investors are fascinated to it with closed eyes to all other Alts or in oblivious of all these other coins. The Millionaires believes in its longevity holds for greater future benefits at its bullish.
Bitcoin has more value than any other alt coin which also we know that cryptocurrency have more paid value.also it can use has personal bank where easy and free transaction in world wide.hence nowadays many youths and retired officers are joining into bitcoin, also depends in development of country.
Because bitcoins are unique, It is limited numbers in nature, It is highly encrypted that no one could cheat on how to make their own bitcoins, Aside from that many people amazed its uses, This makes them valuable.
bitcoin have value because of the high demand and limited supply and because of high demand some big investor are playing the price. Some are holdling there bitcoin to manipulating the price value to up to gain a big profit on it.
The most reason why Bitcoin has a value is that there is someone or somebody who are willing to buy it and add more money to buy it, its like a rare item that at first value is low but as the days past by and many discover its usefulness then they start putting money to have it, as more people are willing to buy it the holder is selling it with additional price when he first buy it and the cycle repeat as the Bitcoin reach its price today.
-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 money value.anyone can do it is getting people to accept it.
The true value of bitcoin is very ideologically it has a business,other ways for distributed ledger
Technology that streamline the world and bitcoin is the first and greatest social network of all.
Many people fullfiled thier succes due the profits from bitcoin.Even the up and down on this but its remain in the community.Its a significant that the bitcoin worth to be valued.
-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 money value.anyone can do it is getting people to accept it.
The true value of bitcoin is very ideologically it has a business,other ways for distributed ledger
Technology that streamline the world and bitcoin is the first and greatest social network of all.
yes because it is popular , many people use bitcoin which makes the value of bitcoin higher. It is a simple supply and demand law in our lives, many people want to buy a product that make the price of the product higher and if there are more sellers than buyers, the price of that product will be lower. . Even with bitcoin, bitcoins are increasingly scarce, it only has 21 million bits. I guess the price of bitcoin will increase in the coming years because of the supply and demand rule.
Jump to: