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.
Obviously,just like gold,bitcoin's value is determined based on the people's trust on it and how much they are willing to pay for it.At first,it would be surprising to know that 10,000 BTCs were used to buy indierctly two pizzas delivered by papa johns.Later,people knew its potential and were ready to pay more for buying bitcoins.Now,it has reached around $1070.
Topic: Why is bitcoin worth? Welcome to discuss - page 23. (Read 12990 times)
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.
Obviously,just like gold,bitcoin's value is determined based on the people's trust on it and how much they are willing to pay for it.At first,it would be surprising to know that 10,000 BTCs were used to buy indierctly two pizzas delivered by papa johns.Later,people knew its potential and were ready to pay more for buying bitcoins.Now,it has reached around $1070. 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.
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 price directly shows how valuable bitcoin is in many different currencies, also with bitcoin you can buy properties and other material stuff. That represents the value of bitcoin, by that not just your heart is right you can back up that with facts and evidences.
Miners and users represents bitcoin, and one can not work without other, its how I understand bitcoin economy, and more people involved means more transactions more fee`s, more profit for miners, everyone is happy that we avoid system and that is the origin of bitcoin value in my non professional opinion.
The idea that it bring the technology that created can be used to create a similar currency that we all agree on using, and people are liking this idea and they wanted to develop that is why they invest in bitcoin.
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.
Those people that are saying that bitcoin isn't worth it to learn are out of this world and doesn't put interest to the new things that can give them fortune. But however, it's good to all of us that we are here in bitcoin and it's very worth to us as we know that it is giving us some decent amount of profit on whatever our source is.
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 price directly shows how valuable bitcoin is in many different currencies, also with bitcoin you can buy properties and other material stuff. That represents the value of bitcoin, by that not just your heart is right you can back up that with facts and evidences.
Miners and users represents bitcoin, and one can not work without other, its how I understand bitcoin economy, and more people involved means more transactions more fee`s, more profit for miners, everyone is happy that we avoid system and that is the origin of bitcoin value in my non professional opinion.
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.How about when the price of bitcoin reached $1200 and then it went back to $200? Maybe it didn't happen in the same day, but it did happen. It's the people realizing the actual worth of what they bought. At that time, bitcoin was starting to get so hyped up that people are buying and buying more bitcoins. And then when the hype was over, there's not that much support going in (unlike now when bitcoin starts to go down, some people are preventing it to go down even more by buying or by putting a huge sell order at a certain price) so the price went back down to $200
Both the price rise and the price fall were not due to hype back then
Hype itself was only a consequence that followed severe market manipulation at Mt. Gox in those times. If most coins hadn't been there like they are not today at just one exchange, the price, first, wouldn't rise that high in the first place, and, second, wouldn't fall that low afterwards. The price manipulation going on at one exchange would be rather limited and short lived at that since it would quickly have become known that it was impossible to withdraw coins from Mt. Gox (and Mt. Gox would collapse a lot faster). Further, since the coins that got stolen at Mt. Gox would have been distributed between many exchanges, the collapse of just one exchange wouldn't have led to drastic price decline as it happened in reality
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.How about when the price of bitcoin reached $1200 and then it went back to $200? Maybe it didn't happen in the same day, but it did happen. It's the people realizing the actual worth of what they bought. At that time, bitcoin was starting to get so hyped up that people are buying and buying more bitcoins. And then when the hype was over, there's not that much support going in (unlike now when bitcoin starts to go down, some people are preventing it to go down even more by buying or by putting a huge sell order at a certain price) so the price went back down to $200
Both the price rise and the price fall were not due to hype back then
Hype itself was only a consequence that followed severe market manipulation at Mt. Gox in those times. If most coins hadn't been there like they are not today at just one exchange, the price, first, wouldn't rise that high in the first place, and, second, wouldn't fall that low afterwards. The price manipulation going on at one exchange would be rather limited and short lived at that since it would quickly have become known that it was impossible to withdraw coins from Mt. Gox (and Mt. Gox would collapse a lot faster). Further, since the coins that got stolen at Mt. Gox would have been distributed between many exchanges, the collapse of just one exchange wouldn't have led to drastic price decline as it happened in reality
Someone really said that ? I believe he does not know b if bitcoin 
There are millions of people who already know power of bitcoin. Bitcoin is worth due to it's take over nature in any situation. Meaning bitcoin is crypto currency which is unidirectional and it keeps going up and up on price chart of trade market. Which is best thing and gives bitcoin more broader stage to evolve itself. Many critics says bitcoin is so worthy that it may reach remarkable price of 100k one day. If this really happens then it may known as king of all currencies. :-) So yes bitcoin is worthy for all the above reasons. And tell you what there are many more of them
There are millions of people who already know power of bitcoin. Bitcoin is worth due to it's take over nature in any situation. Meaning bitcoin is crypto currency which is unidirectional and it keeps going up and up on price chart of trade market. Which is best thing and gives bitcoin more broader stage to evolve itself. Many critics says bitcoin is so worthy that it may reach remarkable price of 100k one day. If this really happens then it may known as king of all currencies. :-) So yes bitcoin is worthy for all the above reasons. And tell you what there are many more of them 
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.
Well the worthiness of an product or asset is decided based on the benefits the user experience from it. One who is part of it always trust it and the people who lack in knowledge about it will say it as an scam or something just because of misunderstanding. This will eventually change when they too get benefited.
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.
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.How about when the price of bitcoin reached $1200 and then it went back to $200? Maybe it didn't happen in the same day, but it did happen. It's the people realizing the actual worth of what they bought. At that time, bitcoin was starting to get so hyped up that people are buying and buying more bitcoins. And then when the hype was over, there's not that much support going in (unlike now when bitcoin starts to go down, some people are preventing it to go down even more by buying or by putting a huge sell order at a certain price) so the price went back down to $200.
That's just how all of these cryptocurrencies get a much higher price anyway. Because of the hype.
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 it is not true that bitcoin has no value. If bitcoin does not have value why does the government considered it as a threat and wants to suppressed it. If bitcoin has no value why do people used it for transactions and work hard to earn it. A thing has a value if people give value to it even if others do not.
Exactly, this is how valuable and worth of bitcoin, it is being threat to some other country.
People are trying hard to earn it, bitcoin is totally worth earning because of its easiness to access and fast transaction unlike to other. In future we shall see more of bitcoins circulated and being used.
Not everything that's limited is valuable. For example, my personal pee/poop is limited and I can only pee a couple of times a day and poop once or twice a day. My pee/poop is not valuable in any way because it's not special at all. But when a thing is limited, that means it's scarce. That means when people thinks it's valuable, the price will increase depending on the supply and demand
Obviously, scarcity is not enough to make something into a highly valued asset
Apart from scarcity, it should also have utility, i.e. be useful in attaining certain ends which people in general strive for. Again, utility alone is not enough, for example, people can't live without air, it is vital to them, but since there is plenty of it is not valued. Most of Bitcoin utility comes from its being used as a speculative asset since it allows to earn decent profits through price changes (volatility), both on the way up and on the way down. If Bitcoin price didn't change much (let's assume that), then it would quickly lose this usefulness, though it could acquire some utility because it would likely get more traction as a means of payment accepted by a greater number of merchants
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 it is not true that bitcoin has no value. If bitcoin does not have value why does the government considered it as a threat and wants to suppressed it. If bitcoin has no value why do people used it for transactions and work hard to earn it. A thing has a value if people give value to it even if others do not.
Exactly, this is how valuable and worth of bitcoin, it is being threat to some other country.
People are trying hard to earn it, bitcoin is totally worth earning because of its easiness to access and fast transaction unlike to other. In future we shall see more of bitcoins circulated and being used.
Not everything that's limited is valuable. For example, my personal pee/poop is limited and I can only pee a couple of times a day and poop once or twice a day. My pee/poop is not valuable in any way because it's not special at all. But when a thing is limited, that means it's scarce. That means when people thinks it's valuable, the price will increase depending on the supply and demand.
Look at bitcoins, the price is depending on how many bitcoins is in circulation and how much people are trading it. Other coins have limitation too in the number of coins that will ever be out but not every coin is as valuable as bitcoin. Just think of dump coins out there. They also have limit but they aren't valuable at all.
Bitcoin is valuable that's why users are afraid to lose it. I found it very worthy because it has opportunities like making transaction fast and easier. Actually, I don't know what will happen to me or what would I do if bitcoin will vanish. It will make me sad if that happens because this is the only way why I'm making money online that really helped me a lot to provide my daily needs.
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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 it is not true that bitcoin has no value. If bitcoin does not have value why does the government considered it as a threat and wants to suppressed it. If bitcoin has no value why do people used it for transactions and work hard to earn it. A thing has a value if people give value to it even if others do not.
Exactly, this is how valuable and worth of bitcoin, it is being threat to some other country.
People are trying hard to earn it, bitcoin is totally worth earning because of its easiness to access and fast transaction unlike to other. In future we shall see more of bitcoins circulated and being used.
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.
That person is definitely wrong. It's value will definitely rise because there's only a limited amount of bitcoin that can be made by the miners. Also there are many ways to use/spend bitcoin thats why there's a huge demand for it.Things might change in the future, but so far we have to acknowledge this state of affairs
Looking at the numbers, things will definitely change in the future.Of course it has less risk just to enroll in signature campaign, you will get paid from btc and you dont even need to spare your money keep on buying it. But how long are you gonna do this thing? Signature campaign can't be really long investment like you said by working for them. If you want to earn more you should put some more to invest because many people believe bitcoin price will hit higher 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.
Economics is always full of people’s perceptions, expectations and emotions. Think about it, gold has no value intrinsically really(although people say that gold can be used in mobile phones, cars, buildings etc etc the amount actually used is minuscule compared to the amount of gold that is used as investment by speculators). But people still view it as a good store of value
You are factually wrong about gold
Half of all gold is used as jewelries. There is a little less than 200,000 tonnes of gold that has been extracted during the millenia that gold has been sticking around. One gold ring weighs about 2 grams, and if we made gold rings from all gold out there we would get only 100 billion gold rings. This is not a big number given that the world population is over 7 billion people. Just 15 gold rings for every human being. Add to this gold watches, necklaces, earrings and you will get an idea. And this is what's called direct use (or what represents intrinsic value if you please)
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