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. 
Topic: Why is bitcoin worth? Welcome to discuss - page 22. (Read 12990 times)
Maybe that someone wanted to say bitcoin is priceless but ended up with saying no value as he might not know what is BTC really is. Bitcoin is virtual currency and is the only one which has captured market very quickly and is being used by millions of people everyday. It is worth because it has great qualities such as it's top most loved decentralisation concept, then comes fastest and secured way of transaction. In addition to this it is anonymous and you don't have disclose your private documents really. These qualities lead BTC towards more and more attention and getting more value for its assets. Also, if you have might observed bitcoin is gaining more value day by day and critics says it may hit the market of $ 2k pretty soon. So yes I think bitcoin is worthiest. :-)
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.
Yes exactly bitcoin price or value will rise you know why because bitcoin launch year 2009 the value of bitcoin that time is 1$. As you can see bitcoin now is 1000$+ so bitcoin is so worth it. If you buy bitcoin in that year i think now you are rich. Those people that are saying that bitcoin has no value, show them what's the price of bitcoin now and ask them if bitcoin still doesn't have value. Maybe they aren't interested with value or doesn't have any plans to have this good type of investment and crypto currency. It's very worth to use and invest as you can the price is getting up again.
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.
Yes exactly bitcoin price or value will rise you know why because bitcoin launch year 2009 the value of bitcoin that time is 1$. As you can see bitcoin now is 1000$+ so bitcoin is so worth it. If you buy bitcoin in that year i think now you are rich. Those people that are saying that bitcoin has no value, show them what's the price of bitcoin now and ask them if bitcoin still doesn't have value. Maybe they aren't interested with value or doesn't have any plans to have this good type of investment and crypto currency. It's very worth to use and invest as you can the price is getting up again.
Yeah, but there's more to bitcoin than just its price right now.
The future of bitcoin is bright. I can see bitcoin climbing great heights.
Paypal charges ridiculous fees for sending money whether domestic or international. Bitcoin does not, even when the transaction fees from the bitcoin miners seem to be going up by the second.
If we can stop the infighting once and for all, then bitcoin will be great.
Yes, the miners fee for each transaction in bitcoin is just a very small amount. And there are a lot of potential customers from PayPal that starts to irate from their fees and wants to find some other ways of sending and receiving money. Bitcoin will be the best way of it and the transactions seems to be fast depending on your fee.
Investors and nonprofessional people have different thinking about bitcoin. But in my thinking now bitcoin is still worth-able and its price groow above $1000. So we have no argue to discuss about bitcoin price value. In my eyes, bitcoin already achieved a successful place and now it is depend on ourself how we gain and make profit from bitcoin.
Succesfull for a currency in my perspective is not determined on how much the coin's value is, but how's its coverage and usage in this world. It's no use if there's some altcoins which have overwhelming value but only be used among communities which coverage is low. It's ain't real currency but more likely a valuable digital properties.Then all currencies must be not useful then. Never have I seen a currency that's accepted everywhere, even dollars. People say that dollars is accepted everywhere but it is not. Try going abroad which isn't an English speaking country and most places will not accept your precious USD especially if the store is away from the city.
Bitcoin *can* become a currency that's accepted everywhere but we are far from that. So bitcoin might be not useful then according to your statement.
A currency only becomes useless when it doesn't have value anymore. Let's say your government announced that they are abandoning all the currencies that they have issued or your currency has inflated a lot. Your currency will still be accepted but it will have very little value that it has become useless
I suspect the previous poster meant everywhere across the country, not around the world
Basically, this is a matter of degree rather than one of kind. We could say that some currencies are more widely used than others, some less, while some (like the famous Zimbabwean dollar) get totally abandoned in the end. On the other hand, the US dollar in its digital form is accepted almost anywhere (and Bitcoin comes pretty close to that), i.e. in any country you won't have any particular difficulties to exchange it for a local currency. But this is not true in respect to other fiat currencies
Investors and nonprofessional people have different thinking about bitcoin. But in my thinking now bitcoin is still worth-able and its price groow above $1000. So we have no argue to discuss about bitcoin price value. In my eyes, bitcoin already achieved a successful place and now it is depend on ourself how we gain and make profit from bitcoin.
Succesfull for a currency in my perspective is not determined on how much the coin's value is, but how's its coverage and usage in this world. It's no use if there's some altcoins which have overwhelming value but only be used among communities which coverage is low. It's ain't real currency but more likely a valuable digital properties.Then all currencies must be not useful then. Never have I seen a currency that's accepted everywhere, even dollars. People say that dollars is accepted everywhere but it is not. Try going abroad which isn't an English speaking country and most places will not accept your precious USD especially if the store is away from the city.
Bitcoin *can* become a currency that's accepted everywhere but we are far from that. So bitcoin might be not useful then according to your statement.
A currency only becomes useless when it doesn't have value anymore. Let's say your government announced that they are abandoning all the currencies that they have issued or your currency has inflated a lot. Your currency will still be accepted but it will have very little value that it has become useless.
I ask you a question, why does gold have value? Because over time it was socially accepted that gold for n reasons had some value and when it is traded at a price that the seller wants to sell and the buyer wants to buy it is there its value. Bitcoin has this value because people believe it has value, simply that. If everyone thinks equal to who told you that he has no value, he really will not have it.
Yes,just like gold has value based on the customer demand and price they are ready to pay for it,similarly bitcoin has its value based on investors support.Greater the demand and lesser the supply,it results in increase in price.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.
Maybe those people that are saying that bitcoin isn't worth to learn are the ones that has a bad experience with bitcoin.
Maybe they knew bitcoin already and tried to invest into but they invested into a wrong site which is a ponzi scheme and ended up scammed.
But for me, bitcoin is a real deal and it's very worth it to all of us. If you are unemployed you can have a lot of opportunities in it.
It will just depend on how hard working you are.
Probably they are cynical enough and think that Bitcoin is one big Ponzi scheme (though it is not) because of the scenario where people took profit from the incoming investors and sell their coins higher than what they bought it. Another thing is that these people rely on the decision of their country so more probably their country does not recognize Bitcoin and so they follow it
And how Bitcoin is not?
It may not be a Ponzi scheme, strictly speaking, but rather a pyramid scheme where, as you correctly noticed, the early adopters get profits from the incoming investors and sell their assets at higher prices than what they bought it for (and the latter try to do the same if the price rises). It is essentially the same with any purely financial asset (i.e. a zero-sum game). If you want to challenge that point, no problem with that, but please come up with valid objections, for example, how much Bitcoin is used for real trade (i.e. as a means of payment) which would make it somewhat different form a purely speculative asset
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.
Yes exactly bitcoin price or value will rise you know why because bitcoin launch year 2009 the value of bitcoin that time is 1$. As you can see bitcoin now is 1000$+ so bitcoin is so worth it. If you buy bitcoin in that year i think now you are rich. Those people that are saying that bitcoin has no value, show them what's the price of bitcoin now and ask them if bitcoin still doesn't have value. Maybe they aren't interested with value or doesn't have any plans to have this good type of investment and crypto currency. It's very worth to use and invest as you can the price is getting up again.
Yeah, but there's more to bitcoin than just its price right now.
The future of bitcoin is bright. I can see bitcoin climbing great heights.
Paypal charges ridiculous fees for sending money whether domestic or international. Bitcoin does not, even when the transaction fees from the bitcoin miners seem to be going up by the second.
If we can stop the infighting once and for all, then bitcoin will be great.
I would agree that speculators have a big part to play in this, since they bring liquidity to the market. But obviously this is not the decisive factor for Bitcoin's value. I would say scarcity, utility and decentralization are the things that make Bitcoin valuable and different from anything else.
Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.
Yes exactly bitcoin price or value will rise you know why because bitcoin launch year 2009 the value of bitcoin that time is 1$. As you can see bitcoin now is 1000$+ so bitcoin is so worth it. If you buy bitcoin in that year i think now you are rich. Those people that are saying that bitcoin has no value, show them what's the price of bitcoin now and ask them if bitcoin still doesn't have value. Maybe they aren't interested with value or doesn't have any plans to have this good type of investment and crypto currency. It's very worth to use and invest as you can the price is getting up again.
Investors and nonprofessional people have different thinking about bitcoin. But in my thinking now bitcoin is still worth-able and its price groow above $1000. So we have no argue to discuss about bitcoin price value. In my eyes, bitcoin already achieved a successful place and now it is depend on ourself how we gain and make profit from bitcoin.
Succesfull for a currency in my perspective is not determined on how much the coin's value is, but how's its coverage and usage in this world. It's no use if there's some altcoins which have overwhelming value but only be used among communities which coverage is low. It's ain't real currency but more likely a valuable digital properties.
Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.
Yes exactly bitcoin price or value will rise you know why because bitcoin launch year 2009 the value of bitcoin that time is 1$. As you can see bitcoin now is 1000$+ so bitcoin is so worth it. If you buy bitcoin in that year i think now you are rich. 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.
Maybe those people that are saying that bitcoin isn't worth to learn are the ones that has a bad experience with bitcoin.
Maybe they knew bitcoin already and tried to invest into but they invested into a wrong site which is a ponzi scheme and ended up scammed.
But for me, bitcoin is a real deal and it's very worth it to all of us. If you are unemployed you can have a lot of opportunities in it.
It will just depend on how hard working you are.
Probably they are cynical enough and think that Bitcoin is one big Ponzi scheme (though it is not) because of the scenario where people took profit from the incoming investors and sell their coins higher than what they bought it. Another thing is that these people rely on the decision of their country so more probably their country does not recognize Bitcoin and so they follow it.
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.
As many persons here already stated, BTC worth is equal its utility to the person who holds it. It can be as wealth storage, as a cheaper transfer method between two fiat currencies, as a payment method for purchased goods.Why BTC value increases? It has a limited supply. When there is too much demand for an item (I'm looking at you Switch), the price rises. When nobody cares, the value drops.
Investors and nonprofessional people have different thinking about bitcoin. But in my thinking now bitcoin is still worth-able and its price groow above $1000. So we have no argue to discuss about bitcoin price value. In my eyes, bitcoin already achieved a successful place and now it is depend on ourself how we gain and make profit from bitcoin.
Succesfull for a currency in my perspective is not determined on how much the coin's value is, but how's its coverage and usage in this world. It's no use if there's some altcoins which have overwhelming value but only be used among communities which coverage is low. It's ain't real currency but more likely a valuable digital properties.Nope, you are wrong, most people are trading altcoin just to get fast income like gambling itself. When the coin is being pumped it will skyrocketting so your profit will be double or even triple. Mean while bitcoin itself is not fully investment or trading. That is why we can see some fluctuation sometime which is profitable for the one that trade it daily. But still it is worth to do altcoin, the problem is you need to choose which coin is going to be pumped
But what do you suggest bitcoin fully is? Bitcoin might not be full an investment for trading but it mostly is. If we use bitcoin only as a currency and not an investment, there will be a very low market cap because not everyone will be interested. People are here because of bitcoin's volatility and anyone can make money from bitcoin by just buying at the right price or by holding for a long time.
Personally, I'm not even using bitcoins that much. Only some occasional "I want to buy something online" stuffs because there's not that much merchants that accept bitcoins as of today. But I still have bitcoins because I'm waiting for the price to increase anymore, thus, I'm usnig bitcoins as investment.
Investors and nonprofessional people have different thinking about bitcoin. But in my thinking now bitcoin is still worth-able and its price groow above $1000. So we have no argue to discuss about bitcoin price value. In my eyes, bitcoin already achieved a successful place and now it is depend on ourself how we gain and make profit from bitcoin.
Succesfull for a currency in my perspective is not determined on how much the coin's value is, but how's its coverage and usage in this world. It's no use if there's some altcoins which have overwhelming value but only be used among communities which coverage is low. It's ain't real currency but more likely a valuable digital properties.Nope, you are wrong, most people are trading altcoin just to get fast income like gambling itself. When the coin is being pumped it will skyrocketting so your profit will be double or even triple. Mean while bitcoin itself is not fully investment or trading. That is why we can see some fluctuation sometime which is profitable for the one that trade it daily. But still it is worth to do altcoin, the problem is you need to choose which coin is going to be pumped
The essence of value comes from demand, demand comes from usability, usability comes from features. And bitcoin is the wonder packed in coding. Thus, it deserves value and value will increase overtime, believe me.
Why bitcoin is worth? Because it has a lot of features that can help for different kind of people to make their daily life easier because bitcoin can be only done through internet and it can make paying some bills or fees to other stores easily and hassle free because you just need to pay it in the internet.
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.
If its about getting more income from bitcoin then I will not go against it since at this point of time my number one source of income is coming from bitcoin. It is what provides my family with food to eat everyday as well as medicine and other needs. Bitcoin means profit and possibly if I am lucky I can construct my own house later on.
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