Topic: Why is bitcoin worth? Welcome to discuss - page 21. (Read 13030 times)
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 simple answer to that is Bitcoin or anything will have value because it has demand. From the start prices or value of something is always determined by the supply and the demand. Bitcoin has both Bitcoin has a limited supply at the same time a high demand because everyday there are users who wants to try out Bitcoin therefore having its price right now which is 1200$. Anything and I mean anything even rare coins from the past has value because of the demand of their collectors without demand we won't be seeing Bitcoin anymore in the internet.
Not really, there's a market type called monopsony where there's only one buyer and there's many sellers. The price is not dictated by the supply/demand but rather by how much one of the sellers can go down. Obviously, the price will go down so much since there's only one buyer and price decrease is the buyer's advantage. Supply and demand market only happens when there's plenty of buyers that share the same marketplace.
I also disagree that "without demand, we won't be seeing bitcoin anymore in the Internet". Bitcoin will not just vanish, or any other item for that matter, just because there's no more demand to it. It will simply be removed from the picture (or the market) but it surely will continue existing in the world and you can find it if you know where to look.
The simple answer to that is Bitcoin or anything will have value because it has demand. From the start prices or value of something is always determined by the supply and the demand. Bitcoin has both Bitcoin has a limited supply at the same time a high demand because everyday there are users who wants to try out Bitcoin therefore having its price right now which is 1200$. Anything and I mean anything even rare coins from the past has value because of the demand of their collectors without demand we won't be seeing Bitcoin anymore in the internet.
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 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
This is called personal use which reflects the value system of a certain individual
But since all people basically possess the same traits, they value the same things. Apart from that, the values of a certain item or piece also greatly depends on how many of these items the person in question already has got or has access to (this is called marginal utility). Obviously, if someone has plenty of apples he won't value an extra apple very much (hence the word marginal) even though the apples can be valued pretty high in general
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 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.
That's the case with auctions. If buyers value that thing so much, the price will go up. But most of the time the price of something depends on how much other people are selling it. You can't sell a bitcoin for $1500 just because you value it. But if you're the only seller of bitcoin, then surely you can name the price by yourself. Although that's not the case.
Superman #1 costs a lot since it's the first one. The price has increased because it was auctioned (like I said). But back in the day when you can easily get these issue of Superman comics, the price is much lower. Just like in bitcoins, back then they were almost bargaining bitcoins. You can get thousands of bitcoins for a low price. But today, even one bitcoin is worth a thousand dollars. Not because it's hard to get bitcoins nor is it auctioned off, but because it's how much other people are selling it (aka market price).
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 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.
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. 
Bitcoin is worth because of the reputation it have now as you can see the bitcoin is spreading all over the world and making it name as a digital currency and we know as of now the cryptocurrency. And the most is the price of the bitcoin the highest price among all currency.
The increased price and the reputation gained by the coin makes it worth. Another thing is that it is the only digital currency that was long lasting without any flaws. Even when problems arise it gets sought out in a short time span moving forward towards growth.You can see more good news will come to the community and FOMO will be continue. FOMO of bitcoin is reall!!!!
I think because bitcoin is different from the others, cryptocurrency? maybe people would be a little strange when you first knew that's why when the user wants to buy bitcoin in 2009 and it continues making bitcoin to worth and continue to rise
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 because of the concept of freedom a large number of people from all over the world are invest their wealth in this current and this is a situation that bitcoin cannot be worthless in any way. But with the increase of awareness the strength will increase. 
Bitcoin is worth because of the reputation it have now as you can see the bitcoin is spreading all over the world and making it name as a digital currency and we know as of now the cryptocurrency. And the most is the price of the bitcoin the highest price among all currency.
The increased price and the reputation gained by the coin makes it worth. Another thing is that it is the only digital currency that was long lasting without any flaws. Even when problems arise it gets sought out in a short time span moving forward towards growth.
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.
Some says bitcoin not worth it to learn, to risks for money but I think they said its not worth because they are not ready to learn and not ready to earn in this kind of digital currency. However, bitcoin really worth my effort, my dedication to spend time becasue through this I earned money well.
For what they said was worthless and non-sense, of course we bitcoin fanatic had a strong belief that bitcoin is more significant in any other things in terms of financial aspects. Because as I can see in bitcoin if you work hard for it you will be rewarded because of your effort you've made. Bitcoin is worth because of the reputation it have now as you can see the bitcoin is spreading all over the world and making it name as a digital currency and we know as of now the cryptocurrency. And the most is the price of the bitcoin the highest price among all currency.
The increased price and the reputation gained by the coin makes it worth. Another thing is that it is the only digital currency that was long lasting without any flaws. Even when problems arise it gets sought out in a short time span moving forward towards growth.
Bitcoin is worth because of the reputation it have now as you can see the bitcoin is spreading all over the world and making it name as a digital currency and we know as of now the cryptocurrency. And the most is the price of the bitcoin the highest price among all currency.
The increased price and the reputation gained by the coin makes it worth. Another thing is that it is the only digital currency that was long lasting without any flaws. Even when problems arise it gets sought out in a short time span moving forward towards growth. 
There are so many altcoins is really being created now because the existence of bitcoin, well the truth is it began on it. They are taking advantage to make money with BTC, as they have already made big profits and no more progress for a certain coin for the reason that even those investors are quitting...
The value of Bitcoin is being molded through time. Of course it only became valuable when people accept it and believe in it. Bitcoins demand is only possible because of its users, it will only just be a code if there's no one who use it. That's why they are creating other cryptocurrencies, hoping that Bitcoin will one day be left off and people will turn to other cryptocurrencies. Bitcoin is what they call the gold of the internet which has been proven a fact since Bitcoin paralleled the value of gold. The only question is that will Bitcoin last for a hundred more years? There are some investors that willing to risk some wealth to buy BTC, which is good for bitcoins market cap. We, the users itself of BTC is the one who give value to it. It will become just a ghost if everyone left this Cryptocurrency.
It doesn't matter if bitcoins wouldn't be able to survive for another hundred years because as users, we can simply move from one cryptocurrency to another. Bitcoin doesn't have feelings and I think none of us have feelings towards bitcoins so moving on to another coin wiill be really easy.
I think other people are actually creating different cryptocurrencies because they want to make money. Like they say, altcoins are just a way to make more bitcoins. People create altcoins, trade them, and then get out of the scene when they have earned profit. Sometimes there are even upright ICO scam where the devs run away right after soliciting the money for the crowdsale.
I think the value that they are talking about is different from the value that you know. Value meaning the prize or the worth of something is what you are thinking, but the value that they are talking about is the value, the importance of something to them. And I think that the people that said that to you, do not use bitcoin or barely know bitcoin and just saying something or telling you something based on what he had read or viewed or saw on the internet. I don't really care about these people that say things about bitcoin, but do not use bitcoin. You can't bark if you are a cat, if you know what i mean.
Bitcoin is worth because of the reputation it have now as you can see the bitcoin is spreading all over the world and making it name as a digital currency and we know as of now the cryptocurrency. And the most is the price of the bitcoin the highest price among all currency.
The value of Bitcoin is being molded through time. Of course it only became valuable when people accept it and believe in it. Bitcoins demand is only possible because of its users, it will only just be a code if there's no one who use it. That's why they are creating other cryptocurrencies, hoping that Bitcoin will one day be left off and people will turn to other cryptocurrencies. Bitcoin is what they call the gold of the internet which has been proven a fact since Bitcoin paralleled the value of gold. The only question is that will Bitcoin last for a hundred more years? There are some investors that willing to risk some wealth to buy BTC, which is good for bitcoins market cap. We, the users itself of BTC is the one who give value to it. It will become just a ghost if everyone left this Cryptocurrency.
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