First, the value of bitcoin lies in blockchain technology, which is very safe and secure, the payment is not reversed through the confirmation of the nodes (confirmed by the miners).
Second, Bitcoin is mined through the process of operating computers to decrypt and create bitcoins. The decoding process requires a computer system and electrical energy is consumed so Bitcoin is the result of the manufacturing process.
Third, bitcoins are widely traded on exchanges, and they become valuable through trading. Bitcoin is widely known and has liquidity around the world so its value is confirmed by everyone.
Topic: Why Does Bitcoin Have Value? - page 2. (Read 2851 times)
Bitcoin has value because you can transfer this value anywhere in the world where there is an Internet! And you can do it in minutes!
And you can't do it with gold or any other material object!
In fact, Bitcoin easily performs the function of money - the transfer of value!
And you can't do it with gold or any other material object!
In fact, Bitcoin easily performs the function of money - the transfer of value!
Exactly. Bitcoin has many benefits that are not found in Fiat or Gold. The pioneer cryptocurrency is portable, extremely secure, and cheap for cross-border payments (sort of). On top of that, Bitcoin is decentralized with no entity behind it. This is what gives Bitcoin value in the mainstream world. People will continue to invest in Bitcoin as long as it remains decentralized. Even with the high fees and slow transaction confirmation times, people are still using it for mainstream payments. Despite what the naysayers say about Bitcoin, it's still alive and running after all these years. Bitcoin is one of the most (if not the most) valuable cryptocurrencies in the world today. It's hard to take it down after years of non-stop success.
All in all, I believe that Bitcoin will remain a valuable cryptocurrency for many generations. Satoshi was a true genius by inventing a resilient form of money anyone can use worldwide. If it wasn't by his/her/their creation, we wouldn't have true financial freedom. Being the first cryptocurrency that introduced Blockchain technology to the world, explains why Bitcoin still has value today. Just my opinion
Of course Bitcoin has value, therefore the demand for Bitcoin is quite high. Especially in a situation like now,
Bitcoin is great as a store of value. Then it makes the level of investor confidence in Bitcoin very high.
Even Bitcoin can save a country's economy, as happened in Venezuela.
Bitcoin is great as a store of value. Then it makes the level of investor confidence in Bitcoin very high.
Even Bitcoin can save a country's economy, as happened in Venezuela.
Everything that has a demand has a value. This is not just happening with cryptocurrencies. My parents have a bakery store in the local neighborhood. We launched an ad among friends that we sell very delicious buns with poppy seeds. They started coming to us with a request and then we just started baking them. It's the same with bitcoin.
The situation with delicious buns is a bit different than with bitcoins!
Suppose you can't store them for a long time, or you have trouble exchanging buns for other products... You can bake an unlimited number of buns... And so on... 
Bitcoin has value because people simply trust bitcoin. It's a phenomenon like gold and they believe it can retain its value.
Yes it has value since people have trust on bitcoin that demand is increasing. With so many predictions on bitcoin, this means many users on crypto. It's really valuable through these days people are into bitcoin with current real uses, limited supply, and store of value. Of course we hope that can also enjoy bitcoin which has now become a target for investors to make a very attractive investment because its value is quite attractive because the movement of bitcoin is more valuable. We know that with the value that can continue to move up, it is very attractive to many people and of course it is very profitable if we can also save it.
It is a simple yet not easy question to answer: why does bitcoin have value?
Bitcoin has value because it has both scarcity and utility. It is a limited and useful resource. It is important to note that something must be BOTH in order to command a market value, NOT either.
Bitcoin is limited to the software-imposed hard limit of 21,000,000 bitcoin units ever in circulation. It is useful because it allows payment information to be secured by a decentralized computing network backed by magnitudes of raw hashing power. That raw hashing power is energy (electricity) converted into digital utility. Each transaction must compete (fee market) to be included in the next block of transactions which has a limited [block space] due to the block size limit (2MB) imposed on each ~10 minute block.
We can expect both the value to increase and the number of users to increase exponentially so long as the current technology maintains itself and remains both useful and in a limited abundance.
Bitcoin will always retain market value so long as miner nodes are actively contributing their hashing power to secure the network (proof of work).
Courses:
Literature:
Research Articles:
Why The Internet Of Things Will Be Built On Bitcoin
Blockchain Is The New Corporation
Money Is Now An Image
How The Ethereum Virtual Machine Could Run The World
Africa May Leapfrog Traditional Banking
Did John Nash Help Invent Bitcoin?
Bitcoin May Solve Triffin Dilemma
Bitcoin Introduces Digital Scarcity
Bitcoin 101:
Advantages & Disadvantages Of Bitcoin
How To Store Bitcoin Securely
Who Is Satoshi Nakamoto?
Don’t Let Anyone Tell You The Identity Of Satoshi Nakamoto Doesn’t Matter
Bitcoin Is Backed By Time Itself
Cashless Society:
Is Total Cashlessness Inevitable?
The Growing E-Dollar Culture
E-Banking Squeezing Out Personal Banking
Social Media:
Twitter
Facebook
YouTube
Bitcoin has value because it has both scarcity and utility. It is a limited and useful resource. It is important to note that something must be BOTH in order to command a market value, NOT either.
Bitcoin is limited to the software-imposed hard limit of 21,000,000 bitcoin units ever in circulation. It is useful because it allows payment information to be secured by a decentralized computing network backed by magnitudes of raw hashing power. That raw hashing power is energy (electricity) converted into digital utility. Each transaction must compete (fee market) to be included in the next block of transactions which has a limited [block space] due to the block size limit (2MB) imposed on each ~10 minute block.
We can expect both the value to increase and the number of users to increase exponentially so long as the current technology maintains itself and remains both useful and in a limited abundance.
Bitcoin will always retain market value so long as miner nodes are actively contributing their hashing power to secure the network (proof of work).
Courses:
- How To Fork Bitcoin [Tutorial]
- Ethereum Programming Course [Certification]
- Bitcoin Aptitude Test [Timed Examination]
Literature:
Research Articles:
Why The Internet Of Things Will Be Built On Bitcoin
Blockchain Is The New Corporation
Money Is Now An Image
How The Ethereum Virtual Machine Could Run The World
Africa May Leapfrog Traditional Banking
Did John Nash Help Invent Bitcoin?
Bitcoin May Solve Triffin Dilemma
Bitcoin Introduces Digital Scarcity
Bitcoin 101:
Advantages & Disadvantages Of Bitcoin
How To Store Bitcoin Securely
Who Is Satoshi Nakamoto?
Don’t Let Anyone Tell You The Identity Of Satoshi Nakamoto Doesn’t Matter
Bitcoin Is Backed By Time Itself
Cashless Society:
Is Total Cashlessness Inevitable?
The Growing E-Dollar Culture
E-Banking Squeezing Out Personal Banking
Social Media:
YouTube
i will like to say that its because in cryptocurrency bitcoin is father while other alternate coin are sub coin in cryptocurrency,because cryptocurrency we have difference coins example etherum, litecoin order numerous coins to be mentioned,so therefore the of bitcoin always remain constant because is most influential coin among other coins.
Because bitcoin is a king of coin, and the bitcoin's value depend on investors, big boy, whale. At this moment bitcoin and alcoin just for holding or trading.
Bitcoin has value because people simply trust bitcoin. It's a phenomenon like gold and they believe it can retain its value.
Yes it has value since people have trust on bitcoin that demand is increasing. With so many predictions on bitcoin, this means many users on crypto. It's really valuable through these days people are into bitcoin with current real uses, limited supply, and store of value. 
Bitcoin has value because it solves major problem in finances by giving back total control of our capital without giving anybody the capability to stop any transaction making it possible to be our own bank.
It is a simple yet not easy question to answer: why does bitcoin have value
I think this question is very easy to answer. Bitcoin has value because of Blockchain technology. Blockchain technology represents the true value of Bitcoin and currently in the crypto ecosystem, blochchain technology is the essential technology for almost all projects. Blockchain technology makes bitcoin valuable. If you kill Blockchain technology, Bitcoin will automatically value less. Once Blockchain technology is the baseline technology of the crypto ecosystem, Bitcoin will always be valuable.
Of course Bitcoin has value, therefore the demand for Bitcoin is quite high. Especially in a situation like now,
Bitcoin is great as a store of value. Then it makes the level of investor confidence in Bitcoin very high.
Even Bitcoin can save a country's economy, as happened in Venezuela.
Bitcoin is great as a store of value. Then it makes the level of investor confidence in Bitcoin very high.
Even Bitcoin can save a country's economy, as happened in Venezuela.
Everything that has a demand has a value. This is not just happening with cryptocurrencies. My parents have a bakery store in the local neighborhood. We launched an ad among friends that we sell very delicious buns with poppy seeds. They started coming to us with a request and then we just started baking them. It's the same with bitcoin.
Of course Bitcoin has value, therefore the demand for Bitcoin is quite high. Especially in a situation like now,
Bitcoin is great as a store of value. Then it makes the level of investor confidence in Bitcoin very high.
Even Bitcoin can save a country's economy, as happened in Venezuela.
Bitcoin is great as a store of value. Then it makes the level of investor confidence in Bitcoin very high.
Even Bitcoin can save a country's economy, as happened in Venezuela.
The network got developed based on trust, though it hasn't got value in the beginning slowly the increase in demand gave value to it. The value kept growing as the supply is limited and the people using it on different needs keeps on increasing. Though it is completely technology developed, the transformation of valueless token to a transaction source too a reason for getting more and more value.
Who told you that this is a fully developed technology? Any technology always has the potential for development, whether it is a blockchain or a bread maker. The more digital an asset is, the more potential it has for development. Any mention of bitcoin helps its development right now.
The network got developed based on trust, though it hasn't got value in the beginning slowly the increase in demand gave value to it. The value kept growing as the supply is limited and the people using it on different needs keeps on increasing. Though it is completely technology developed, the transformation of valueless token to a transaction source too a reason for getting more and more value.
Bitcoin's value can only be determined by those people who had been working so hard to earn and get more profits. To some people who knew less about it, it was definitely nothing to them. But, for us here in Blockchain world, its value is beyond compare since we fully believe that it has the largest cryptocurrency value in the market. Our patience and hardwork alone can prove how valuable Bitcoin is, and its because of our beliefs and adoption with its awesome features and profits.
Hello to all. As long as Bitcoin is easy to sell and easy to buy, regardless of its price, it has value. A lot of useful information can be reported about Bitcoin, but it's a pity that the majority on the planet are subject to official propaganda, which, in most cases, is not a well-wisher of "digital gold". When this changes, the value of Bitcoin will manifest itself in "cosmic" prices.
Bitcoin has value because it is a great store of value. It's similar to digital gold, only gold is much harder to store, secure and move around than gold.
Bitcoin has value because you can transfer this value anywhere in the world where there is an Internet! And you can do it in minutes!
And you can't do it with gold or any other material object!
In fact, Bitcoin easily performs the function of money - the transfer of value!
This is very well put, I'll just add one more thing: aside fro the ability to easily transfer value Bitcoin is also a great store of value, and it allows you to safely store value in a similar way to gold, while at the same time being much easier to secure or move.
Bitcoin has value because it is a great store of value. It's similar to digital gold, only gold is much harder to store, secure and move around than gold.
Bitcoin has value because you can transfer this value anywhere in the world where there is an Internet! And you can do it in minutes!
And you can't do it with gold or any other material object!
In fact, Bitcoin easily performs the function of money - the transfer of value!
Any precious thing has value like Diamond or Whatever thing which is limited also has value like Limited addition of any mobile etc.
Bitcoin is precious and has limited supply too moreover It has potential to grow in future.
If you as investor wants to buy any company's stock for long term you will choose that company which has nice plans for future in short which has potential to grow, Bitcoin has all of these things and investors know it better therefore bitcoin has value and it will grow as time passes.
Bitcoin is precious and has limited supply too moreover It has potential to grow in future.
If you as investor wants to buy any company's stock for long term you will choose that company which has nice plans for future in short which has potential to grow, Bitcoin has all of these things and investors know it better therefore bitcoin has value and it will grow as time passes.
BTC has value because it is giving power back to the people to be a custodial of their finances. That is why it is paramount to keep your private key which is access to your capital secret. Limited in the numbers will make it a scarce commodity for life and will brings more value. It has already proven to be a save heaven during this pandemic.
Media actually plays a vital role on why the price of bitcoin is significantly high in the market. With its scarce supply and decentralized nature, people are always speculating that one day, its price may skyrocket given the number of times it already happened in the past. With this in mind, people are willing to purchase bitcoin even though they know little about its actual use and history.
Exactly. I believe it's all based on psychology than anything else. If people are made to believe that something is valuable, it'll be that way for a very long time. Bitcoin, while being an intangible asset, enjoys of a limited supply and unmatched security/reliability unlike no other cryptocurrency in existence today. What gives it value is its decentralized design above all else. Sometimes people compare Bitcoin to traditional Gold because of its store of value properties. A deflationary model will ensure Bitcoin remains valuable for the foreseeable future. That's not possible with inflationary Fiat currencies like the United States Dollar or the Euro.
Nonetheless, Bitcoin will have value as long as it maintains its decentralized and censorship-resistant qualities. If it becomes centralized, then I wouldn't expect it to retain its price on the market for long. It's decentralization which leads people to use it massively in the mainstream world. If Bitcoin remains as it is right now in the future, then it'll always be considered a valuable asset like Gold and other precious metals. Let's hope Bitcoin reaches new all-time highs in price as time goes by. Just my thoughts
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