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Title: Why Bitcoin has value? Post by: KongYuan on January 17, 2018, 06:55:31 AM Bitcoin dont connect with any currency so why does Bitcoin have value? :-\
Title: Re: Why Bitcoin has value? Post by: toygg on January 17, 2018, 07:41:21 AM BTC has value because it is popular which is why people accept and trade in BTC because others also does the same. Also, BTC is decentralised and limited(Hard cap) unlike and endless supply of fiat money being printed by central banks on a regular basis.
TL:DR BTC has value as long as people believe in it. Title: Re: Why Bitcoin has value? Post by: BlazingBlack_Dragon on January 17, 2018, 08:02:39 AM I think this is the best post/explanation in bitcointalk why bitcoins/altcoins have their value. I hope this helps.
https://bitcointalk.org/index.php?topic=1923060.msg19077921#msg19077921 Title: Re: Why Bitcoin has value? Post by: Bobby park on January 17, 2018, 08:16:43 AM Bitcoin dont connect with any currency so why does Bitcoin have value? :-\ Bitcoin has value because it is a means of change. In old times, bitcoin doesn't have value until one time it uses as a medium of exchange. That is why bitcoin has value as of now.Title: Re: Why Bitcoin has value? Post by: Aminmon on January 17, 2018, 08:20:05 AM Why is gold valuable? Bitcoin, like gold, is a problem of scarcity, which has led to a rise in the price of bitcoin.
Title: Re: Why Bitcoin has value? Post by: Razo123 on January 17, 2018, 08:21:18 AM Bitcoin has a value because it can be used to purchase or to buy products when it is converted to you national money. Bitcoin price go high or go low because the demand of altcoins over bitcoin.
Title: Re: Why Bitcoin has value? Post by: arunakiran on January 17, 2018, 08:24:11 AM It is purely depends on demand and supply. if most of the people want to buy rather than supply then automatically the prices will go up. if vice versa the prices will come down.
Title: Re: Why Bitcoin has value? Post by: teejaymuna on January 17, 2018, 08:26:26 AM I think the fact that BTC is limited increases its value. The unlimitedness makes it very competitive and consequently increases it value.
Title: Re: Why Bitcoin has value? Post by: zolfa on January 17, 2018, 08:28:04 AM BTC has value because it is popular which is why people accept and trade in BTC because others also does the same. Also, BTC is decentralised and limited(Hard cap) unlike and endless supply of fiat money being printed by central banks on a regular basis. yes, I agree with you, bitcoin is high due to increased spreading and bitcoin volume. when many people use bitcoin and invest in bitcoin, the value is higher. and also decentralized bitcoin, so its value is no maximal limit.TL:DR BTC has value as long as people believe in it. Title: Re: Why Bitcoin has value? Post by: Ranly123 on January 17, 2018, 08:30:36 AM Bitcoin dont connect with any currency so why does Bitcoin have value? :-\ Realy it did not connect with any currency due to it being a digital currency. Bitcoin works as a currency in digital world and when demand on the use of bitcoin starts, that is when its price surge and every surge makes investors think of it as a means of income and then the supply deficit that makes its price rise even high than any businessmen think it would reach. |