Why is bitcoin worth? Welcome to discuss - page 30.

bravehearth0319

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Quote from: zhangswujip on February 03, 2017, 11:18:43 PM

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 nothing difference with Gold before when it first time discovered, Gold has no value from the origin and we knew that. but people gave it a value because they believed it, they hold on for what they believing it to a gold. The same thing with Bitcoin, I can called it Invisible gold Which is bitcoin because its connected into technology that highly innovated in terms of online system. That's why I called it invisible Gold(BITCOIN).

marcoman22

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The first thing is that bitcoin can be transformed globally with very low transaction fees. Other thing is it is a peer to peer system in which bitcoins are sent from one place to other without any central authority. It functions based on a superb blockchain system which has made bitcoin to gain trust of millions of people.Other important thing is it cant be banned without banning internet.The trust gained by the bitcoin has made a ever growing demand for bitcoin which inturn decides its price.

machinek20

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Bitcoin is worth because it is a great investment, and the one that make bitcoin valueble is the bitcoin users, the more demand the moere valuable the price, the reason why people is looking for bitcoin is because the user find that it is very easy to do transaction using bitcoin and we don't need to be afraid of identity theft, because we don't provide any identity to do transaction

ldreligion

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Group identity is bigger, the greater the value, the actual refers to bitcoin bitcoin large chain chain, not to any other digital currency chain can achieve. But the more important aspect of the technology can not be ignored, including the block chain technology is a financial innovation, in addition to bitcoin does not necessarily assume the role of currency in the future, it seems not suitable.

bitbunnny

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Of course Bitcoin is a value, in fact it is determined with certain value. With Bitcoins you can pay for stuff so it's obvious that it has a value and at the moment it's the most valuable cryptocurrency.
What is worth particulary to everyone of us that is a different story but I'm sure that for no one is worthless.

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Quote from: noel2123 on February 04, 2017, 07:10:08 AM

Quote from: zhangswujip on February 03, 2017, 11:18:43 PM

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.

We're in the same boat dude, I'm always wondering before how this Bitcoin works and how it creates money. The more people will be involved the value will rise. Putting all the efforts just to have a good rank is one of the key. And as time goes by the worth of BTC will get more higher than we're expecting.

Yup Bitcoin is the most valuable currency up to now. There are so many potential with it and the more you use it, the more benefits you have. if you are holding Bitcoin and continue to do it for about 5 years later, you will earn a lot of profit. BItcoin will all help us. Using Bitcoin will lead us to success

you say good words about Bitcoin. I hope that everything will happen, and those who hold Bitcoin become rich in a few years.

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Quote from: zhangswujip on February 03, 2017, 11:18:43 PM

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 has been become a medium to exchange, in this means already become a money/currency, because there are a demands and also have a supply, both is determine how much value the things.
Why accept more people? Because bitcoin is actually easy to use, there's no border for you to use it, people can have their own bank, but the regulations is the obstacles.
Value will rise? Depends on the demands. Supply < demands = price rise, vise versa.

Edraket31

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Bitcoin is just like gold, as people are adopting it and becomes one of the necessity it has value as time is passing by.
It is also just like the companies that businessman used to franchise and example of it is Coca Cola where in you are willing to buy the name of coca cola because you knew that is has goodwill or value. In short, the more you use it the greater its value will become.

Gromozeka!

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Quote from: jtipt on February 04, 2017, 08:54:37 AM

Quote from: zhangswujip on February 03, 2017, 11:18:43 PM

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.

Well if someone thinks bitcoin has no value then so does the paper money, why do people value a simple piece of paper so much? That's how a currency work and Bitcoin is a cryptocurrency. Now we can compare bitcoin to gold to some extent; gold is valuable because it's rare so is Bitcoin, gold's price increase because its demand increases its the same case for bitcoin.

Bitcoin is a limited resource, and every day its stock is getting smaller, and when the mine will have nothing, and then the value will be respectively.

jtipt

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Quote from: zhangswujip on February 03, 2017, 11:18:43 PM

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.

Well if someone thinks bitcoin has no value then so does the paper money, why do people value a simple piece of paper so much? That's how a currency work and Bitcoin is a cryptocurrency. Now we can compare bitcoin to gold to some extent; gold is valuable because it's rare so is Bitcoin, gold's price increase because its demand increases its the same case for bitcoin.

olushakes

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Quote from: zhangswujip on February 03, 2017, 11:18:43 PM

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.

Its OK not to have the answers and also not wrong for you not to have explanations to all issues. But in answering your question, there is a saying that ' everybody cannot be wrong at the same time" which means that the number of people on this forum is enough reason why bitcoin worth it. Because if reverse is the case,the dispersion of everyone on this forum in terms of nationality or race will not be unified by one purpose which is bitcoin.

dhampir-D

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Quote from: Idrisu on February 04, 2017, 02:25:05 AM

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.

That's what really can maintain the value and stability of the currency. But even with a small number of places adopting it, Bitcoin can still have its value recognized by people, and I think this is due to the fact that Bitcoin's value does not depend only on micropayments, but on properties that allow people store value with it.

Xenophoto

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Quote from: Loganota on February 03, 2017, 11:34:07 PM

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.

Gold has value simply because it's gold. It doesn't have to be socially accepted as payment to have value. Gold has a lot of uses. For example, we're using it for the parts of the gadgets that we have. Gold can't always be compared to gold and then have the same reasoning. They are two different things and they would always have differences. Bitcoin is purely established by the demand and supply law. People are buying and using bitcoins so it has value. But bitcoin alone wouldn't have value since it's not some type of mineral like gold that would always have a different use except for payment methods.

icecube45

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If bitcoin began to be accepted a lot of people will make bitcoin market becomes active, so that it can affect the price to rise. If bitcoin has no value maybe not be profitable and prices continue to rise, wrong if there are people who say bitcoin has no value. Although there is still much to be improved and developed such security must be improved, but worth it to be used because bitcoin be the solution for the world community to transact quickly between countries without being obstructed by the law and currency exchange rate. With many advantages bitcoin worth to be used as long as it has decent security.

warwar

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Quote from: noel2123 on February 04, 2017, 07:10:08 AM

Quote from: zhangswujip on February 03, 2017, 11:18:43 PM

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.

We're in the same boat dude, I'm always wondering before how this Bitcoin works and how it creates money. The more people will be involved the value will rise. Putting all the efforts just to have a good rank is one of the key. And as time goes by the worth of BTC will get more higher than we're expecting.

You are right dude! well at first we dont know where to start and how well we just go with the flow then we can figure out it. Well you cant earn any if you are lazy and not dedicated to it thats why you earn and here in forum you need high rank to earn bigger . well low rank can earn too but too low

noel2123

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Quote from: zhangswujip on February 03, 2017, 11:18:43 PM

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.

We're in the same boat dude, I'm always wondering before how this Bitcoin works and how it creates money. The more people will be involved the value will rise. Putting all the efforts just to have a good rank is one of the key. And as time goes by the worth of BTC will get more higher than we're expecting.

joshy23

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Quote from: zhangswujip on February 03, 2017, 11:18:43 PM

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.

Maybe the one that said to you that bitcoin has no value, don't even own a bitcoin. If you believe that bitcoin has value, then good for you. I'm just starting on bitcoin as well, but base on all the threads here and other opinions of senior members and up, the value of bitcoin will rise so I try to be patience and study and learn anything about bitcoin myself.

webtricks

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Quote from: pooya87 on February 04, 2017, 05:29:59 AM

Quote from: zhangswujip on February 03, 2017, 11:18:43 PM

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.

you should use your brain instead of your heart when it comes to money and value of things.

bitcoin just like any other thing is worth a lot because there is demand for it. you can use bitcoin in many ways, as a currency it has lots of potential and it is giving you a lot of advantages over fiat. things such as security and speed of transaction. and also on top of that you can easily transfer money to any place in the world with the smallest amount of fee possible. your identity also can be as safe as possible (to some extent of course). and lots of other things. and when there is demand there is value.

Indeed yes! An object having invincible features has high demand and object having high demand has high value!
Bitcoin is such object or I will say it is such innovation having unique features and people widely accepted is as something useful. Further, work is done by Law of demand/supply and we have seen its value in 4-digits over 8 years!

pooya87

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Quote from: zhangswujip on February 03, 2017, 11:18:43 PM

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.

you should use your brain instead of your heart when it comes to money and value of things.

bitcoin just like any other thing is worth a lot because there is demand for it. you can use bitcoin in many ways, as a currency it has lots of potential and it is giving you a lot of advantages over fiat. things such as security and speed of transaction. and also on top of that you can easily transfer money to any place in the world with the smallest amount of fee possible. your identity also can be as safe as possible (to some extent of course). and lots of other things. and when there is demand there is value.

sunsilk

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Quote from: zhangswujip on February 03, 2017, 11:18:43 PM

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.

We really can't please each people and if they are saying that bitcoin doesn't have value then why we are here and keep on working with bitcoin.

Just let them believe what they are saying but in ourselves we know how bitcoin works and it is really worth it to invest our money and time.

If you want to know the origin of bitcoin's value try to search its history, simple as that.

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