Why is bitcoin worth? Welcome to discuss - page 18.

Cosbycoin

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Quote from: EdenHazard on August 17, 2017, 11:06:55 PM

Quote from: curved9inch on August 17, 2017, 04:43:48 PM

Bitcoin is worth something simply because people believe in the project and so many people have already invested millions of dollar for the tech to flourish. Also, it is a way to free us from the oppression of the banks and government from those absurdly high fees just by spending "our own" money. Imagine yourself still paying for insanely high fees just to buy something that you want for your own money, bitcoin somehow removes that.

yes it is because how people interested in bitcoin day by day increasing makes the demand always there to be filled and since bitcoin are fixed in supply it will make bitcoin become the most wanted rare and expensive guaranteed in the future .

it is really makes sense isn't it why the value of bitcoin getting worth and worthy ?

There is no doubt that bitcoins are available in limited amount and their value will pump hard when the users will increase since the value of commodity depends on its market demand. We can easily see the increasing number of bitcoin users on daily basis. Soon bitcoins will become the most precious assets of the world.

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Quote from: curved9inch on August 17, 2017, 04:43:48 PM

Bitcoin is worth something simply because people believe in the project and so many people have already invested millions of dollar for the tech to flourish. Also, it is a way to free us from the oppression of the banks and government from those absurdly high fees just by spending "our own" money. Imagine yourself still paying for insanely high fees just to buy something that you want for your own money, bitcoin somehow removes that.

yes it is because how people interested in bitcoin day by day increasing makes the demand always there to be filled and since bitcoin are fixed in supply it will make bitcoin become the most wanted rare and expensive guaranteed in the future .

it is really makes sense isn't it why the value of bitcoin getting worth and worthy ?

djgtr

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Quote from: Nissan-GTR on August 17, 2017, 10:14:51 PM

Quote from: zhangswujip on February 04, 2017, 12:18:43 AM

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

Bitcoin is worth working for, it can sustain you a money that buildings cant do, it make us free from centralized system that we actually being accept for our daily lives just to survive, bitcoin is worth it in the sense that the money you earn will name for you no one has the capability to take it because bitxoi is decentralized and power were equally distributed for each forum users .

that was great i strongly agree on you.bitcoin is worth to discuss because we can gain a experience on it.it can provide us income and at the same time it can teach us a lesson that gives us an experience that we can used in gaining more profit in the future.

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Quote from: zhangswujip on February 04, 2017, 12:18:43 AM

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

Bitcoin is worth working for, it can sustain you a money that buildings cant do, it make us free from centralized system that we actually being accept for our daily lives just to survive, bitcoin is worth it in the sense that the money you earn will name for you no one has the capability to take it because bitxoi is decentralized and power were equally distributed for each forum users .

curved9inch

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Bitcoin is worth something simply because people believe in the project and so many people have already invested millions of dollar for the tech to flourish. Also, it is a way to free us from the oppression of the banks and government from those absurdly high fees just by spending "our own" money. Imagine yourself still paying for insanely high fees just to buy something that you want for your own money, bitcoin somehow removes that.

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Quote from: Fatanut on July 10, 2017, 10:08:41 AM

Or did you mean something else about zero confirmation like real-time confirmation? That will only be achieved with a lightning network. But that's not available right now and we don't even know if that will ever be available in the future. It might be just a concept made up by people but we don't have the technology to do it

This is not quite so

In fact, Litecoin has already implemented both SegWit and Lightning Network. While this coin hasn't yet reached the stage of actually using payment channels in practice for every other transaction, the technology is certainly already there, and, what's more, it has already been tested. I've even heard about a few startups aiming specifically at exploiting the opportunities that Lightning Network provides. Indeed, there can be some issues when we actually come to heavy use of this technology (so called real-life, or real-world application), but these should be mostly minor ones anyway and they will get fixed without raising much ado or argument

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Quote from: voltesbit777 on July 10, 2017, 11:14:35 PM

Quote from: zhangswujip on February 04, 2017, 12:18:43 AM

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

This is very simple question and I think no need to elaborate it. Just to think only that if bitcoin will increase and has potential in the future it will really become a high value in the near future. So, if this things has no value at all, I agreed you are right! this was only no value to those people who believe in bitcoin.

We may have different purpose in using bitcoin but we all know it's worth.
For me it has already became a passion because I quit my day job just to focus on my journey with bitcoin.
Here, there is not limit of opportunities and we will see the outcome of our real effort so it's really good for me I chosen that decision.

voltesbit777

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Quote from: zhangswujip on February 04, 2017, 12:18:43 AM

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

This is very simple question and I think no need to elaborate it. Just to think only that if bitcoin will increase and has potential in the future it will really become a high value in the near future. So, if this things has no value at all, I agreed you are right! this was only no value to those people who believe in bitcoin.

Intersan

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Quote from: megynacuna on July 07, 2017, 03:23:57 PM

Quote from: malikusama on July 07, 2017, 02:13:31 PM

Value of something depends upon its demand in the market, gold have reached to its value due to its high demand in the world. Bitcoin is not that much popular because majority of world is not aware of it but hopefully in future it will get its place what it deserves, because i haven't seen such potential in any currency of the world which bitcoin has.

So in effect Bitcoin is worthy or worth something because of its demand on the market. With the current growth in interest all over the world it places Bitcoin in a vantage position to keep gaining value sporadically as it is currently doing.

Yeah that is the sad truth behind the popularity of bitcoin. Many people are just interested in using bitcoin because of its value in the market. I like bitcoin because of its great use in online transactions plus the fact that I can earn it by joining signature campaigns and altcoins. I am still a student so bitcoin has been my savings that I can use whenever I needed some money for my school projects, field trips and etc. I also give some money to my parents whenever I have earned big from altcoins.

I like bitcoin because it makes me feel useful and I like it when I want to buy something that I want and the money that I used to buy it comes from my own sweat and effort.

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Quote from: guoyu78 on July 10, 2017, 07:17:49 PM

Quote from: freedomno1 on July 08, 2017, 06:28:34 AM

Quote from: zhangswujip on February 04, 2017, 12:18:43 AM

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

People who don't understand the value of a dollar and a bad peer group can lead people to make dumb decisions are they Financially Independent or do they live pay check to pay check you want to listen to the people who are the most successful as they will return growth in the long run, and fake it till you make it.

It's utility is the ledger a record that requires no oversight other than miners to utilize it, services build around it because its lightweight and getting easier to transact with and people use it because they like the idea of their own control without oversight and fees. We are early yet so the value will keep on rising.

I guess your explanation has clearly justified the worth of bitcoins and perks of holding to them for a long a time. People are immensely attracted by its features that giving it edge over paper money. As far as those people are concerned not investing in bitcoins just because it appears fake to them, are really in loss.

It appears fake to them because they do not have any knowledge about bitcoin and they are not searching about the legality of bitcoin as the internet is full of the evidence of bitcoin uses and its users claiming for its benefits. Not they have any person who teach them about bitcoin.

I will say that it is our responsibility that we spread the news of bitcoin everywhere. I know that if we start from today and tell about bitcoin to each and every person around us then the community of bitcoin will increase much more.

guoyu78

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Quote from: freedomno1 on July 08, 2017, 06:28:34 AM

Quote from: zhangswujip on February 04, 2017, 12:18:43 AM

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

People who don't understand the value of a dollar and a bad peer group can lead people to make dumb decisions are they Financially Independent or do they live pay check to pay check you want to listen to the people who are the most successful as they will return growth in the long run, and fake it till you make it.

It's utility is the ledger a record that requires no oversight other than miners to utilize it, services build around it because its lightweight and getting easier to transact with and people use it because they like the idea of their own control without oversight and fees. We are early yet so the value will keep on rising.

I guess your explanation has clearly justified the worth of bitcoins and perks of holding to them for a long a time. People are immensely attracted by its features that giving it edge over paper money. As far as those people are concerned not investing in bitcoins just because it appears fake to them, are really in loss.

rodel caling

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Quote from: BeGoods on July 08, 2017, 12:01:28 PM

Quote from: DrGuns4Hands on July 07, 2017, 10:10:26 AM

bitcoin is the most precious thing that happen in our society. imagine that bitcoin became so popular because of its advantages thats why bitcoin worth is very precious. we can send money through bitcoin with a low cost and also we can make money through bitcoin itself because bitcoin price is not stable and it meant to be grow not to be down.

If bitcoin is worth because of low cost and fast transactions of course this time it is not applicable because the higher the fee and the transaction slows down. That means bitcoin is no longer worth it? I think that makes bitcoin worth more than just a currency or payment option but a profitable commodity

yes i agree of this topic, bitcoin helping to each bitcoiner, like pay bills,.. yes later on bitcoin popular all ever the world...

Harlot

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Quote from: joganuts on July 09, 2017, 12:21:10 PM

Quote from: Mr.grin on February 04, 2017, 12:46:02 AM

Well, for those who do not know bitcoin, of course they would think that bitcoin it has no value. but, when they have gained bitcoin, and know how it works, I am sure, they will drag their words, and would say that bitcoin is worth something, even to say, bitcoin is the best on the internet. I feel, they know very little knowledge about bitcoin.

That is actually true. For people who don't have knowledge and information about bitcoin they can find bitcoin as a worth less thing but if they will be a part of bitcoin and they have the chance to used in in transaction that is the time the they may see the future and the development of bitcoin as more worth currecy they could ever have.

It's not that they don't have any value for them, its just that they still don't see the importance of Bitcoin in our advancing world. To keep all of us noted we are the ones why Bitcoin has value as of today, what I mean about that we us consumers and investors are the ones who create the demand for Bitcoin which in turn also dictates the price of it. So in terms of demand and value Bitcoin as of today is the leading currency in both the crypto world and the fiat world.

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Quote from: rizkyhiw on July 09, 2017, 03:29:16 AM

Quote from: bitcoinisbest on July 09, 2017, 02:51:00 AM

Bitcoin has grown from 2008 to 3k in 9 years. If more country start legalizing the bitcoin then its scope widens and this will be more used for buying daily stuff needs which is not happening at present. So demand will further increase and more and more people will invest in bitcoin in coming time. And this demand will push prices further up.

the only problem we have currently is about the confirmation system ,
where we should get at least one confirmation up to three confirmation to make sure the tx won't get doubled spending ,
if you could accept a zero confirmation without have any vulnerable ,
i believe bitcoin will adopted evenly around the world faster than expected and of course more worth than just a fiat.

How vulnerable are we to double spending, though? Someone who's sending 100$ wouldn't make an effort to buy a decent mining rig just to be able to double spend that amount of money. Regular users can't do double spending. Some might not even know about it, so you don't really have to worry about it.

Or did you mean something else about zero confirmation like real-time confirmation? That will only be achieved with a lightning network. But that's not available right now and we don't even know if that will ever be available in the future. It might be just a concept made up by people but we don't have the technology to do it.

Skarner21

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Massive price drop coming...

Quote from: mornabo on July 09, 2017, 07:27:14 PM

Quote from: bitcoinisbest on July 09, 2017, 02:51:00 AM

Bitcoin has grown from 2008 to 3k in 9 years. If more country start legalizing the bitcoin then its scope widens and this will be more used for buying daily stuff needs which is not happening at present. So demand will further increase and more and more people will invest in bitcoin in coming time. And this demand will push prices further up.

Before bitcoin spreads all over the world and is used by all humans on earth I think the government will remain firm to ban bitcoin. Our task is to introduce bitcoin to the masses and this is the question, what makes the bitcoin demand rise and that will be offered to the public at large

That is why bitcoin are still not use legally because it will be still depends how many people who are using bitcoin in your country..
If many people are using bitcoin in your country accepting bitcoin locally can attract more people to use bitcoin.
Look at paris brazil and japan they are accepting bitcoin locally..
It will be still depends in the trends.. and government i think they are don't allowed any anonymous transaction but in other country they don't care..

mornabo

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Quote from: bitcoinisbest on July 09, 2017, 02:51:00 AM

Bitcoin has grown from 2008 to 3k in 9 years. If more country start legalizing the bitcoin then its scope widens and this will be more used for buying daily stuff needs which is not happening at present. So demand will further increase and more and more people will invest in bitcoin in coming time. And this demand will push prices further up.

Before bitcoin spreads all over the world and is used by all humans on earth I think the government will remain firm to ban bitcoin. Our task is to introduce bitcoin to the masses and this is the question, what makes the bitcoin demand rise and that will be offered to the public at large

BarbieCasino

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Quote from: BeGoods on July 08, 2017, 12:01:28 PM

Quote from: DrGuns4Hands on July 07, 2017, 10:10:26 AM

bitcoin is the most precious thing that happen in our society. imagine that bitcoin became so popular because of its advantages thats why bitcoin worth is very precious. we can send money through bitcoin with a low cost and also we can make money through bitcoin itself because bitcoin price is not stable and it meant to be grow not to be down.

If bitcoin is worth because of low cost and fast transactions of course this time it is not applicable because the higher the fee and the transaction slows down. That means bitcoin is no longer worth it? I think that makes bitcoin worth more than just a currency or payment option but a profitable commodity

I agree with that but I must say bitcoin is better than many transaction methods. It’s a fast and known resource; you can do a lot more with it. You can even buy property in some advanced countries, in less than 2 years bit coin will be an opportunity everybody will strive to grab. Its not just money or resource but the next biggest resource of economy like oil and gold.

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Quote from: Mr.grin on February 04, 2017, 12:46:02 AM

Well, for those who do not know bitcoin, of course they would think that bitcoin it has no value. but, when they have gained bitcoin, and know how it works, I am sure, they will drag their words, and would say that bitcoin is worth something, even to say, bitcoin is the best on the internet. I feel, they know very little knowledge about bitcoin.

That is actually true. For people who don't have knowledge and information about bitcoin they can find bitcoin as a worth less thing but if they will be a part of bitcoin and they have the chance to used in in transaction that is the time the they may see the future and the development of bitcoin as more worth currecy they could ever have.

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Quote from: szpalata on July 09, 2017, 02:08:52 AM

Quote from: BeGoods on July 08, 2017, 12:01:28 PM

Quote from: DrGuns4Hands on July 07, 2017, 10:10:26 AM

bitcoin is the most precious thing that happen in our society. imagine that bitcoin became so popular because of its advantages thats why bitcoin worth is very precious. we can send money through bitcoin with a low cost and also we can make money through bitcoin itself because bitcoin price is not stable and it meant to be grow not to be down.

If bitcoin is worth because of low cost and fast transactions of course this time it is not applicable because the higher the fee and the transaction slows down. That means bitcoin is no longer worth it? I think that makes bitcoin worth more than just a currency or payment option but a profitable commodity

Bitcoin's value grows by the demand for it in the markets and so I think since more investors are looking to profit from its volatility and are thus joint day byvday that's where it's worth is actually coming from because they are constantly in demand and its astronomically shooting its prices high.

Yeah i know it, of course because of the demand that makes bitcoin prices rise .. but what makes the occurrence of demand is certainly something of bitcoin? And what is being discussed here? And many people say that demand happens because bitcoin has a fast speed of transactions and low cost?

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Quote from: zhangswujip on February 04, 2017, 12:18:43 AM

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

They were extremely wrong when talking about that, and I'm sure they will regret it. Actual strength and ability of bitcoin. You can not deny it, bitcoin is the most powerful virtual currency in the world.

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