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Topic: Why is bitcoin worth? Welcome to discuss - page 20. (Read 12990 times)

copper member
Activity: 1050
Merit: 294
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.
sr. member
Activity: 317
Merit: 250
Bitcoin is one of the fastest growing investment a person can ever make. You can expect your principal amount to double within a small span of one to two years. Bitcoin is becoming more and more popular everyday which makes it a must make investment for future. It's worth every penny a person is willing to invest in it.
full member
Activity: 346
Merit: 103
Bitcoin is very worth now because of the price is increasing.Its really  easy to be cash.Just wait for a moment transaction and its easy to get it cash.Especially to bitcoin holders this is worth much.People worth it because it cost expensive when time comes.Bitcoin will be worth to all the world because this will become the nationwide currency.
What about swiss and china, Look they already tried to issued their own crypto currency that means the countryt will not be pegged with the bitcoin. But i just hope the country crypto will have a relationship with the bitcoin. that gives a lot of benefits for the crypto.
That would certainly happen fot future but as of now, we have to wait it since they need time to adopt it. Amother thing, modernizing technolgy for crypto currency is needed to this currency would be beneficial and signifivant for us since it can be used in everyday's life.
sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
I would like to ask those who say that Bitcoin is worthless. If there is some specific reason that's acceptable then we can discuss in a better way why bitcoin is worth than most other digital currencies as well most other digital assets and investment available.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
we can not judge for people that telling bitcoin is not worth, what we can do is we need to stick with our opinion and if we are say that bitcoin is worth then we should believe this. people right now is interesting with bitcoin because the price is increase too high in this year and this makes them to join into bitcoin world and now they are using bitcoin too like us.
hero member
Activity: 2282
Merit: 505
Bitcoin is very worth now because of the price is increasing.Its really  easy to be cash.Just wait for a moment transaction and its easy to get it cash.Especially to bitcoin holders this is worth much.People worth it because it cost expensive when time comes.Bitcoin will be worth to all the world because this will become the nationwide currency.
What about swiss and china, Look they already tried to issued their own crypto currency that means the countryt will not be pegged with the bitcoin. But i just hope the country crypto will have a relationship with the bitcoin. that gives a lot of benefits for the crypto.
hero member
Activity: 910
Merit: 550
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.
full member
Activity: 588
Merit: 100
Bitcoin is very worth now because of the price is increasing.Its really  easy to be cash.Just wait for a moment transaction and its easy to get it cash.Especially to bitcoin holders this is worth much.People worth it because it cost expensive when time comes.Bitcoin will be worth to all the world because this will become the nationwide currency.
sr. member
Activity: 672
Merit: 250
The value of bitcoin is in it acceptable, if bitcoin is not accepted as for exchange for goods and services, then it has no value. Just like in times past were the only means of exchange for goods and services is through batters trading. People create values on gold, silvers and stocks if it original sense it has no value. Bitcoin is increasing in values this day because of the force of demand and supply.
Bitcoin is developing in the sense that more changes happens every day. People need to update their selves on the new things that is happening mainly on the transaction, price and the security of the Bitcoin. Mostly traders and investors our the one who has the main objective to get to know Bitcoin more or even its rate and price. So it's not a new thing for others to be informed about Bitcoin and to educate for other purposes.
full member
Activity: 254
Merit: 100
For me bitcoin is worth it to learn and to use because it gives us the opportunity to have a decentralize money that we can use now and in the future. I believe that people will acknowledge bitcoin as the days goes by since there are plenty of country recognizing it.
member
Activity: 98
Merit: 10
I believe that bitcoin has value and I think that this is obvious.Bitcoin it's a new idea that has spread all over the world and is used by many people.Moreover contributes a compatible amount of money to people and help the e-market system.Even if it lost all his money value it will remain always a forum to discuss interest things.
legendary
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
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.
Let us simply put things this way anything and I mean anything will have value as long as there is a demand for the thing/item. It is how people want it or rather how many people want it that makes it more valuable. For example a lot of as when we look as Comics we first see is that it is worthless but if you are in the right market and you have a rare comic book then for them it will be valuable. Same as Bitcoin the price of Bitcoin is based on the demand of it.
I disagree with the anything part, you give the example of comics, but comics are a form of art that comes from the US, similar to manga that comes from Japan, comics are not the Mona Lisa but are still a valid form of art and a way to express ourselves.

I don't get why you dispute the point about comic books being valuable. It is valuable for your information. Try googling how much Superman #1 was auctioned off, see for yourself how much it was worth. You basically did not even have any point in your post. Like what Theb is saying, we value things not because of their use or what, but it depends on the person buying the thing. If he values it that much, it is his choice.
My point was that there are more than one way to value things, not only monetary value, a comic book that is worth just a few dollars and will never be worth more than that has value not only in terms of dollars but also in terms of artistic vision.

I really don't think we should be comparing bitcoins to a rare comic book since they are two completely different things

Both of them have price tags, and that's enough to compare them

Whether it is "artistic vision", speculative capacity, or whatever doesn't really matter. The primary reason why such comparisons make sense after all is that any such qualities can be reduced to use value. Use value can be anything, but basically, it is what you buy something for. If you buy a rare edition of a book (even if it is a comic book), you buy it to enjoy "artistic vision" (most likely, just to brag before your friends for having such a rarity). If you buy bitcoins, you are likely going for profits and want to earn money through them. But ultimately, it is still the same use value. A rarer thing may derive its value from its rareness since its owner can claim himself to belong to upper circles of society by paying a pile of money for it. Common things are valued for more practical reasons and purposes, but it is still six of one and half a dozen of the other
sr. member
Activity: 644
Merit: 250
Bitcoin is designed and implemented in a way that it can serve as something that can have value, and because people find useful to utilize those features and believe that other people will continue to use it in the future. Moreover, Value is generally a agreement between the buyer and seller.
legendary
Activity: 1008
Merit: 1060
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.
Let us simply put things this way anything and I mean anything will have value as long as there is a demand for the thing/item. It is how people want it or rather how many people want it that makes it more valuable. For example a lot of as when we look as Comics we first see is that it is worthless but if you are in the right market and you have a rare comic book then for them it will be valuable. Same as Bitcoin the price of Bitcoin is based on the demand of it.
I disagree with the anything part, you give the example of comics, but comics are a form of art that comes from the US, similar to manga that comes from Japan, comics are not the Mona Lisa but are still a valid form of art and a way to express ourselves.

I don't get why you dispute the point about comic books being valuable. It is valuable for your information. Try googling how much Superman #1 was auctioned off, see for yourself how much it was worth. You basically did not even have any point in your post. Like what Theb is saying, we value things not because of their use or what, but it depends on the person buying the thing. If he values it that much, it is his choice.
My point was that there are more than one way to value things, not only monetary value, a comic book that is worth just a few dollars and will never be worth more than that has value not only in terms of dollars but also in terms of artistic vision.

I really don't think we should be comparing bitcoins to a rare comic book since they are two completely different things. What makes bitcoin have a good price is the fact that it's how much it has increased built by supply and demand. While a rare comic book, although also built by supply and demand, has a very high price because the demand is very few. You don't see bitcoin being auctioned off since you can get it from a lot of places. There's no "artistic vision" or some sentimental value for bitcoins, only pure supply and demand going on.

In a way, the price of them was built by almost the same way - by how much people are willing to pay for it. But the price of something that's auctioned off can get really high even when just there are two rich parties battling to get the item. On the other hand, the price of bitcoin depends on the buy/sell order and a lot of people are having deals with each other.
sr. member
Activity: 840
Merit: 254
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.
Let us simply put things this way anything and I mean anything will have value as long as there is a demand for the thing/item. It is how people want it or rather how many people want it that makes it more valuable. For example a lot of as when we look as Comics we first see is that it is worthless but if you are in the right market and you have a rare comic book then for them it will be valuable. Same as Bitcoin the price of Bitcoin is based on the demand of it.
I disagree with the anything part, you give the example of comics, but comics are a form of art that comes from the US, similar to manga that comes from Japan, comics are not the Mona Lisa but are still a valid form of art and a way to express ourselves.

I don't get why you dispute the point about comic books being valuable. It is valuable for your information. Try googling how much Superman #1 was auctioned off, see for yourself how much it was worth. You basically did not even have any point in your post. Like what Theb is saying, we value things not because of their use or what, but it depends on the person buying the thing. If he values it that much, it is his choice.
My point was that there are more than one way to value things, not only monetary value, a comic book that is worth just a few dollars and will never be worth more than that has value not only in terms of dollars but also in terms of artistic vision.
hero member
Activity: 994
Merit: 544
bitcoin is so worth it because it is a decentralized currency and also its not stable as we know because its always raising and also not also decreasing that much thats why i found bitcoin is so profitable than investing in other things. investing or buying bitcoin is considered as self investing because bitcoin always raising its price before the end of the month

The volatility of bitcoin and its capacity of rising in value is what millions of users around the world loves. It means huge profit and that is what we are waiting for. This year we are hoping for another increase in bitcoins value and that it will reach 2k dollars. Bitcoin is a life saver the more it increases in value the more I can provide the needs of my family.
legendary
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
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.
Just like gold,it is a piece of metal yellow in colour.But based on the trust people kept in it and based on the money they are ready to pay for gold,gold derived its value.Same is the case with bitcoin.Bitcoin derives its value based on the peoples trust.Also,greater the demand its price increases more.More over,its supply is also limited.Hence after 21 millin coins mined,there would be no new coin available and only old coins has to be circulated.So its logic for people to think that its price would rise in future and hence buy more bitcoins.

Gold doesn't derive its value from trust

People trust iron no less than they trust gold. Most certainly, they trust stainless steel even more than they trust gold for most practical purposes. It should be clear that trust is an important or required attribute but it is not sufficient for something to get value. Gold gets its value from its properties and qualities (basically, because people love its shine and heavy). The same with Bitcoin, apart from people trusting it, it should also have some purpose or utility to make it worthy. Bitcoin is a payment system, pretty fast and relatively cheap (at least, till recent) and this is the source of its value. The law of gravity is likely the most trusted thing on Earth but it is not used as money simply because it lacks other required features
hero member
Activity: 490
Merit: 500
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.
Just like gold,it is a piece of metal yellow in colour.But based on the trust people kept in it and based on the money they are ready to pay for gold,gold derived its value.Same is the case with bitcoin.Bitcoin derives its value based on the peoples trust.Also,greater the demand its price increases more.More over,its supply is also limited.Hence after 21 millin coins mined,there would be no new coin available and only old coins has to be circulated.So its logic for people to think that its price would rise in future and hence buy more bitcoins.
sr. member
Activity: 1512
Merit: 316
It's getting more worth beacuse it is helping the people in thier business , in money transferring to other country due to quick and low cost . It's easy to use and safe to keep as well .
hero member
Activity: 806
Merit: 503
Bitcoin worth for me because I take advantage on it by earning here using bitcoin. It is worth because most people invested in bitcoin due to its price is fluctuating. However, I believe bitcoin will has its future abd really worth the risks to invest.
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