Bitcoin Forum

Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars.

 Rather, Bitcoin appears to have value for the following reasons: It is popular.

In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin.

that is just your opinion.

anything has value for its utilities. Gold has value not because it is physical but because it has usages. same as anything else.
bitcoin is a decentralized currency and that is its usage and what's giving it value.

Bitcoin is a decentralized cryptocurrency, it's a digital currency it has a value because it's release as a currency like other centralized fiat currency. it have a own usages like other products. gold is a physical commodity if you accept then it's have a value other then it's valueless commodity bitcoin also follow this rule accept and valuable.

It depends on the environment.

Exactly. Call it speculative but in the future, btc price will go up because of ita transactional use. Its very similar to fiat form of money,where we seem to be making a simple thing like paper the most important asset we have.

People also accept bitcoin because of the technology behind it,although it is a know cryptocurrency used by so many companies but it volatility is also impressive.

right now, I think bitcoin have a value of the price which attracts many people to join into cryptocurrency world and they know bitcoin than the altcoin. with the grow of bitcoin now, many people trying to use bitcoin to pay something like they use the money to buy something and in the future, I am sure that bitcoin will grow more. bitcoin could be used as the new investment and this is the same with gold but the bitcoin price is too volatile and makes some people afraid to save more bitcoin.

Bitcoin value come from the willing buyers and sellers who determine the price.

It's just your opinion, so what do you think gold is worth?
Bitcoin, like gold, has a safe-haven function, and the total amount of bitcoins is certain, and bitcoin is the representative of the blockchain.

The dollar has value because of the weight of the USA government is behind it.  But all fiat currencies hyperinflate eventually, history shows that. So basically its built on faith.

Gold has intrinsic value because it can be used for other purposes and its rare.

Bitcoin has more potential value than both because it solves massive problems. Lower transaction fees, decentralization so very little inflation, it can be swapped instantly all over the world, its more secure than regular money, its somewhat anonymous, and yet transparent at the same time, it cuts out middlemen, etc etc etc.  And because it was first, it is the most tested protocol.

Can you elaborate what you mean that it depends on the environment?

So you mean if the demand of bitcoin is high does that mean that the price also will go higher?

Bitcoin value is determent by buy and sell orders people put. They agree on bitcoins value against national currencies. This is exactly the driving force. The more people want to buy and less want to sell price goes up and in reverse it goes down. We as people give it value but for bitcoin to be stable price has to be high to reach the supply and demand and for this we need major adoption. But now it simply have speculative value as there are not many places where you can use bitcoin and if you can use it somewhere they are going to convert it to USD or at least portion to fiat.

I would argue that part of the value of Bitcoin lies in the fact that it can be used to transfer large amounts of money, with relatively low fees.
It's still a lot faster than traditional banking and I'm absolutely positive that there are many people who use Bitcoin just for that.

Also don't discount its utility as a payment method for online payments. It provides a great alternative for credit cards, which some people have no access to.

          Bitcoin has its own value since it is used as a medium of exchange and as a store value too. Bitcoin is difficult to define and understand as a whole if we look at Bitcoin it is simple and the value is used same as paper currency.It is also used to exchange goods and services. Bitcoin requires computing power and is controlled by a decentralized network and the money is transferred over the internet. If we understand the mechanism of cryptocurrency we will think it more secure.
     

BTC as well as currency so. You can trade in the allowed countries. BTC can replace the currency in some future fields.

I think bitcoin is very valuable because of this many people change their life they can earn money in easy way

Yes this is decentralized cyptocurrency thats why until now the bitcoin will remained unbeatable on it's position.I can't denied to myself that we considered this one as a long time partner as our earnings.

Bitcoin is a digital currency where you can use it as a form of payment (only if a certain business allows it) but it can be converted into traditional currency that can be used to pay utilities and other expenses. Just like here in my country, it is legal and it is largely accepted if you use as a payment.

Yes and these opinions are sampled and aggregated through how much we buy and invest in it on the market and these market dynamics whether demand or supply determines how we all value bitcoin at any moment in time and that is its true value.

popularity is not an issue but an addition to it.
Bitcoin price depends on the supply and demand.
bitcoin price is base on the people, the price they bid and ask.
bitcoin will get more price as the supply will not grow more than 21million pieces.

I beg to disagree what you said that bitcoin has low fees in transfering money. I tried to transfer $100 worth to my other account the the fee is so high. For that one hundred dollars they charge me about 14 dollars which I can say that it is very expensive.

this issue can be addressed in different ways. First, I agree with you, bitcoin is really nothing physical, just a code, and is not a payment system, which is sad, but it is hardly possible because of its instability: it grows, it falls. But on the other hand, we extract the physical from the non-physical or even imaginary, that is, we profit from the same Bitcoin by investments, the growth of which goes into our pocket, when selling their shares! Therefore, I believe that as long as there is a demand for cryptocurrency and the market, people are increasingly interested in this opportunity and prospects, there will be a good profit for Bitcoin holders! In the market everything is bought and sold for Bitcoin, so what to do with Bitcoin, the decision is yours!

Let's say that I create another form of money, I call it Braincoin. You can use money with your brain. The only thing you need to do is to think at what you want to buy and say the price. So you go to a coffee shop that accepts your Braincoin, you just think of your coffee and say "three Braincoins". Very simple, who wouldn't use this form of payment?
Does it have a value? Looking at how you phrased your question, it doesn't, because it's not a commodity and it is not accepted as legal tender like dollars.
From my point of view, it has an immense value, because this revolutionize the whole concept of money and payments. It is clearly better than fiat money.
This is why Bitcoin has value.

Why does gold or the dollar have any value? Because every agrees it has value, that is all it takes. The same goes with digital currencies like Paypal and Skrill, they have value because everyone agrees they have value. Bitcoin has value because it has utility, that utility is both being a store of value, and a medium for the exchange of value.

What is the difference between an decent apple on the tree that nobody wants and expensive apple on the Tokyo market? Some things have their purpose and gain value because of that. And some things are valued because we give them value.
In simple terms Ferrari Berlineta when was new had a price of 300k today you can find unused ones for 900k ( producing stopped in 2017). Yes it is maybe one of the last aspirated w12 Ferrari in the world and maybe there is his value. Is it better than a new model, no, but why he got that value now? Well we gave him that value, because it's becoming increasingly rare as time passes.

yes, bitcoin has a very high value and can survive until today. bitcoin has a lot of experience when compared to other altcoins.

but that makes bitcoin has value, is a lot of the public who believes in bitcoin, so spreading and bitcoin volume is increasing and high. and it makes the bitcoin value higher.

As long as there are supply and demands, things will always have value.
Why do you thing paper money have any value? It is just paper, you can not eat it. Bitcoin is just the same.

That is actually true, bitcoin is also a form of currency which indicates a decentralized system that does have a value in the form of cryptocurrency. Bitcoin is also decentralized in the sense that no sector of the government manipulate it. Maybe in some point we think Bitcoin does not have value yet it does have value that is dependent on the movement of its stock on the market.

They told me that bitcoin has limited supply only at about 21 million. How come you told me that bitcoin volume is increasing and high? So that means bitcoin total supply is increasing?

What you said is confusing to me. You said that the value of bitcoin is derived from the way people want it at the moment. So if that is the case why does the price of bitcoin going low and decreasing? Why not just breaking the all time high everytime?

Bitcoin is a new technology with unique features - it is an irreversible interpretation that transfers these amounts and savings. It's free from censorship and other attacks. It also has the power to confiscate authority (directly or indirectly through inflation). At the beginning (year 2009) Bitcoin had no value, but the above lists became attractive to the people because they did not want mine and offered the first deal for the dollar. So, the first standard was established as such. Then, this was made stronger - more people saw that Bitcoin could be sold - and that Bitcoin applied unique feats to conserve / move / keeping value.

because its "Popular"? no. not so. bitcoin isn't that popular. USD is popular. the GBP is popular. the CYN is popular. Bitcoin has value because of its store of value. it is a social value NOT linked to anything (not even popularity) Satoshi Nakamoto purposely created bitcoin to be this way. otherwise it would ebb and flow as would the value of whatever it was linked to. Hence miners solve complicated monotonous algorithms that do NOTHING for mankind. it just burns energy, thus giving Bitcoin its own value independent of all other variables.

I don't agree with your view. And I don't agree making this thread a moderated one as well. Bitcoin is popular, that is true. And a lot of people are joining the Bitcoin community because it is already gaining so wide popularity all over the world. But before it became popular, Bitcoin was a lonely invention which started very anonymously. But it has a good use. It is an alternative form of payment to people who prefer to avoid the role of banks in their every transaction. And from there, Bitcoin is gaining the trust of the people.

Yes it is true that bitcoin value price in the future even now was grows up and make an income to all of us here.We recognized the possibility that bitcoin is our main source to make our life full of gracies and happiness.

Because it is still valuable. I think because bitcoin becomes the first cryptocurrency technology. It was responsible for other cryptocurrency markets besides bitcoin also rose in popularity.

I don`t think that`s the reason.Bitcoin has not really changed the lives of many people. I believe there is no rational way to help determine the real value of bitcoins. Bitcoins are valuable as collectibles. Their reliability as "custodians of value" depends on the number of people that use them. The more people believe in the seriousness of Bitcoin, the more confidence people will have in this payment system.

Basically, in summary, it is demand and supply that makes bitcoin gets its price values. The other main reason is its use as base currency in purchasing most of the altcoins and also the easiest coin in converting to our fiats. This has earned bitcoin its high regard and value.

I like to compare bitcoins with patents.
A patent only allows you to do something. If many people want to have that permission, the patent is worth really a lot.
Bitcoin allows you to transfer money without banks. And that is something many people want.
Bitcoin allows you to earn because of its increase in price. That is something many people want as well.
To me there is the value of bitcoin.

How this one is good though you tried to express it completely but there is difference between the bitcoin and antiques. Though the comparison was upto the market conspiring the OP's question.

So yeah, anything that has recognition or anything where people want to invest their own money (which is valuable ) gets the value of that much of money. For example, Lisa Painting, now what the use of that, despite the thing that it is just known for its mysterious smile and people want to have it because it is popular in the world and one of its kind! The end result is billion dollar painting.

In similar ways, bitcoin is crypto currency with at least some use for us. Its getting value because the demand for the same is growing day by day and people are putting huge investment into it. That why its getting value.

bitcoin has value because the number of applicants,more applicants or investors in bitcoin then the price of bitcoin will rise further,but if bitcoin is no demand anymore then bitcoin is its price again.

what have you mentioned wasnt needed a bright full technology to adopt,gold and fiats is physical but yet need no good technology to maintain,but bitcoin does..this coins and together with all the coins was created for high breeding technology thats the interface is future.no wonder in 2030 you will finally realize what are you talking now

I do not think that everything is as simple as you wrote. The cost of bitcoins depends not only on these factors, supply and demand, the price can artificially rise and fall.

Bitcoin is very much appreciated by the public, as demonstrated by the high value of Bitcoin in 2017, compared to other currencies and even by Bitcoin. Knowing that there is no foundation forever, but to see the potential of Bitcoin we must have confidence, but investors also have more choices in other currencies but I still choose Bitcoin.

How does a bitcoin have any value? Well because bitcoin is a decentralized cryptocurrency that is useful to everyone and any country around the world, bitcoin is a digital currency that has a value like fiat money and gold, but bitcoin has more potential value than gold and fiat because of its decentralized platform that can be swapped instantly all over the world. Furthermore bitcoin is anonymous and transparent and it has a low transaction fees.

Bitcoin does not have its value because payments usually transact through in internet transaction. Most people accept currency as a payment and then trade to bitcoin.It is a wise and smart think because bitcoin has a capabilities to earn good money and also it has a possibility that your money grow. This kind of currencies which is bitcoin has a lot of potentials and continue growing your money.

Trading BTC in the market following the law of supply and demand is what determines the price of BTC. However, the costs in mining is also what makes BTC become expensive. The people gives BTC value because it was created for the people to enjoy their freedom for their wealth. It is a revolutionary advancement in technology which is different from the traditional investment vehicles we are aware of.

The answer is very simple, it has value because people think that it has worth and its price is increasing bitcoin it is gaining popularity and as its popularity grow more and more people use it and think of it as very valuable.

Yeah I think you're wrong, bitcoin has good technology and innovation many people are interested in using bitcoin not just because bitcoin are popular, but bitcoin has interesting things like a decentralized and anonymous currency, you can send money easily without intermediaries and so forth, that's what makes bitcoin valuable even if it has no physical shape, exactly I think more forward the digital-shaped will be increasingly in demand?

Now tell me what are the usage of that certain bright stone you called gold.  ;D
People tend to make something valuable when they are shining and that is all it is.
They picked gold because it is harder to find and that makes it valuable.

Now about bitcoin. It had value because of its usage. I get fast transactions now by sending money at a lower price than but large amount of sums.
It is better than a gold which is just so hard and heavy.  ;D

This is the main reason which I really think price of bitcoin has a value. The demand which people continues in buying and has the support in bitcoin. Until now it is unstable because of the demand from the user itself.

Actually i think yes because the value of bitcoin is accept and nice because they earning a lot of coins and recieving of money so that bitcoin is have a value that people accelt it and invest it

For me Bitcoin is created because of technology. It is like gold where you can exchange it to fiat. That is the same with Bitcoin. Its value can also be exchange in fiat. Good thing about Bitcoin is, this not controlled by government Bitcoin is controlled by us as user of Bitcoin.

Yeah, the example you gave like antique is physical, it can be seen. . . Also with gold and other precious metals in contrary to bitcoin which is just digital currency. You cannot see it nor hold it with your hand.

Yeah bitcoin is created because of technology but the real purpose of it is not beneficial anymore, transaction charges are very high. For example when you transfer 100 dollars it will cost you  around 10 dollars. And by the way bitcoin now adays is regulated by some government in some countries.

Then why are we here  If  bitcoin don't have any value then other token too  dude its crypto currency
All this is just experiment and became indemand  in the near future bitcoin will help us much more bigger
 Ohhh I wonder why my friend asking me if I want to sell my coc account to him
Its just a game but he's spending money for this are this valuable

It is a digital commodity which is based on blockchain tech which makes it very unique. It has fixed supply and around the globe any one can invest in it that is the reason bitcoin have value.

I am also wondering how bitcoin have value. And its value is too high. Bitcoin cannot even use offline. But many of us want have more bitcoins. And we trade and invest to it.

Can you think how did the US dollar got its value? How did our currency now got its value? Whatever your answer is the same with bitcoin. Bitcoin has been created to make a peer-to-peer transaction without the use of third party services. People trusted bitcoin like they trusted the fiat money that is why bitcoin got its high price now. TRUST is the answer why they got value.

It is not simple to understand how a currency worth is it is managed through a proper strong system and thus after the initial coin offering the interest of the public and the people trust this for the future make the currency value for life time. For the first time it is not so hard to know the currency future but this happen sometime that the bad news have brought some panic in the market for which the market disturb for little time period.

how do you think gold is valued more than other asset,it is just simple -perception and scarcity.nobody knows how an asset gain its value,it is just perception that a commodity is used to trade item between two or more entity.government design fiat currency and make it is value from null to some value ,it is just acceptance of community to accept an asset as a means of payment,bitcoin is first of its kind so community accepted it and rest whales do manipulation to manipulate it.

I don’t think the value of Bitcoin comes from being popular. Yes it is popular, but that’s not what makes it valued. The only thing that matters, which is the thing that gives it its value is how much money that is being invested in it by the people. Being just popular makes no sense.

Well, the popularity makes sense in its own way, cause if nobody knows it, no one will invest in it. I’m just trying to explain where the value comes from.

Fast transaction, the Cheaper transaction fee(but nowadays it doesn't), Anonymity of the user, The supply and demand of it in the market, And the last of all its adoption rate is rapidly growing.

The biggest advantage of bitcoin is the anonymity and absolute security. This is a great advantage that bitcoin has compared to the previously impossible currencies, which is very beneficial for financial systems around the world. That is why bitcoin is very well received in countries with technology priorities such as Japan, Korea, the United States.

I respect you thoughts. But BTC is a digital currency with block chain based and modern world is will fully devitalized with block chain. So BTC value is high as it is using latest technology of the world.

Yeah that also what I am wondering too. If it because of the technology behind it, I think its not worth almost 20000 dollars. Because well in fact the transaction charge of bitcoin is so much high. In comparable of ripple which has low transaction fee below one dollar and faster transfer rate.

Bitcoin value is based upon its Demand and Supply elasticity for goods and services its used for. The people's belief on Bitcoin as pioneer on line Digital currency also plays a vital role in this regard.

In short you are asking why bitcoin has a value right... well it is easy to say because it has price but for me it is the security and the volatility of bitcoin. the price increases in just a matter of short time and  you can always trade it if you are patience is enough. then you will have a profit

Popularity is not the reason why bitcoin is now valued by people rather because it is very beneficial. I believe that Satoshi Nakamoto readdy made this stage of bitcoin he prepared for this, he gives effort and he give his whole knowledge on how btc become valuable to all people so not popularity but because bitcoin is very potential coin.

Bitcoin is a new technology with unique features - it is an irreversible interpretation that transfers this amount and savings. It's free from censorship and other attacks. It has the power to seize authority (directly or indirectly by inflation). At the beginning (year 2009) Bitcoin had no value, but the above list became attractive to the people because they did not want mine and proposed the first deal for the dollar. So, the first value is established as such. Then, it is strengthened - saw more people could sell Bitcoin - and apply the unique feats that keep the Bitcoin conservation / space / price. Bitcoin has really not changed the life of many people I believe there is no reasonable way to help determine the real value of bitcoins. Bitcoins are valuable as collections. The number of people using reliability as their "protector of value" depends on them. More people believe Bitcoin, more confident people will remain within this payment system.

This is the answer what I am looking for. One aspect that affect the value of bitcoin is the people's belief on bitcoin as pioneer on digital currency. Thanks for sharing your thought.  According to statistics almost 90% supply of bitcoin was taken by few people and they call them whales, what would happen if they sell all their bitcoin?

What I am asking is how does a bitcoin have any value? What is the basis in calculating the value of bitcoin nor which aspect that contributes in the value of bitcoin. I know that bitcoin does not have absolute value because it will be based on the supply and demand of it.

There is no as such wonder blunder in the bitcoin world. We are the only one who are buying the bitcoin and thus putting x value into it by raising its market cap. This is just maths that works on the principle of buying and selling of this currency or any kind of assets in the world.


Who says we can’t use it offline. We can use it off line for sure with bitcoin debit cards and with services like moxyone. Don’t say that as you are making the people nervous who invested millions to create such crypto debits cards.  ;D

Every thing which is the popular and trusty of the people they would highly valuable in the market So bitcoin is using by many people of the world that's why bitcoin is valuable in the market. It is good to use this currency for future and the investment in this currency is very profitable the value of this currency is more than any other currency of the world.

Its not very apt in saying bitcoin has no value at all.
The fact that it is decentralized, and a digital monetary mode is itself providing it an edge over other paper money and commodities and therefore assigning it a value.

It being popular is not wrong in any sense, but that is not the only reason why people value it and back it. When we go to find the science and technology behind bitcoins, which by the way also laid down a pathway for many many other new cryptocurrencies these days, we cannot stop without aopreciating the whole system.

The security features are at par compared to paper money. And the transparency is also equally fascinating. And the fact that inflation can never occur in bitcoin system is in itself commendable.
Due to all of these reasons and many more, bitcoin has a value, rather an increasing value.

The value of bitcoin comes from "the recognition of the majority".  If people trust it and are willingly to use it, it gains its value.

Bitcoin is like gold in value,so that many people are interested on crypto.Even though it was volatile the price was still in stability ,investors engage on it due to its increasing value for being in a good standard in the market.When we say in any physical features bitcoin has no value because it was decentralized, but the fact that it is online the value was so amazing.

all things have value.
bitcoin have value because many people are satisfied of a digital money that help them through easy way of payments and also to have income with no difficulties even its have many speculations. many people want bitcoin besides its popular and many people become rich because of bitcoin and many want that so bitcoin have its own value even you don't want to.

Its have a value because people are keep trading and investing to bitcoin

In the end, same as with dollar. How can it be reinforced? Only the agreement of people to deal with him. If this arrangement changes, then the medium of exchange will change.

FIAT curreny is only paper which can be printed by government at any time they want and this create inflation, Whereas bitcoin has limited supply and tottaly depend on demand and supply. It is back by cryptography and electricity and sometimes electricity bill become more expensive than bitcoin price. In short bitcoin is digital asset that exchange the value and it is depend on demand and suppy.

Considering it a digital commodity, Bitcoin got its value from the demand, trust and technology that it offers. Let us remember that without Bitcoin there is no Blockchain technology. It is the internet 2.0 or the new gold of new age and its more valuable than any kind of commodity nowadays.

If you said that, sure that you don't know about cryptocurrencies. Blockchain technology of cryptocurrencies is vast, not only in currency but also in many other industries. So the future of cryptocurrencies, as well as Bitcoin, is very bright, promising to bring great value, become the currency revolution in the future.

How does a bitcoin have any value? Bitcoins have any value because they are useful as a form of money. The value of bitcoin can be measured by its growing base of users, investor's, and merchants. As with all currency, bitcoin's value comes only and directly from people willing to accept them as payment. That's why bitcoin have any value.

Yes, I totally agree with you. Bitcoin is very useful in the term of money transaction and transfer. When you transfer money using Bitcoin, you do not have any limit to transfer or limit of the amount of money that you want to transfer. That is why people become so interested and want to learn about Bitcoin. In the other hand, Bitcoin is encrypted currency that people cannot track down so easily. If you transfer money in huge amount using bank account so suddenly and unusual, you will questioned and be tracked down by the bank. Even though Bitcoin can also be use to doing transaction on the black market on the internet.

Demand, support, and reputability are the keys to the Bitcoins value. There is also another factor and that is the top market cap which is limited. With every block mined difficulty of the mining process gets harder and value is also influenced in some way because of that.
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What will happen when all the Bitcoin is mined? That is far in the future but I believe that the Bitcoin will come to the phase where it will stand on the stable value which will be very high at that point.

When looking at the development of bitcoin and more people who know bitcoin in the wider community
I think bitcoin will be pure gold that can be saved as long-term investment and the price will increase because of its many uses
and will be a medium of exchange that can be received throughout the country. this will probably happen in the future ....

Bitcoin has its sale value simply because it is used in a variety of trading means. Bitcoin's market share is also rapidly expanding thus making it even more valuable and also considered as an asset now.

Hi,

I think that's the spirit, indeed. Most people are trading small amounts, in hope they can make a large profit. But that was not the objective behind bitcoin creation.

Bitcoin was meant to be an alternative, allowing people to get rid of banks. I believe in bitcoin as in an international system of exchanges!

Just like all currencies in the world. Bitcoin is valuable because it is believed to be valuable. With dollars or other currencies everyone believes in it, and that value is guaranteed by the national government. However, bitcoin is not guaranteed by anything, but it does not depend on anyone. Its value only depends on the supply and demand rules at each moment. So no one can kill Bitcoin.

For those who don't have any idea how bitcoin works or how come that it has value, well in Economics there is a thing call purchasing power or the willingness of a certain people to pay in exchange for a goods and services. And the more demand the higher the price would it become due to thing called Scarcity.

In a sense, I think you are right. But you see my friend, bitcoins are not only valuable because of its popularity. Remember, everything that becomes popular has its own share of a trait, usability or anything that people can benefit from that determines why it is continuously adored by lots of people. and that is also the case with bitcoins. You should understand this.

Yes the reason why Bitcoin have any value because of the people it self on how to become more essential and have potential to be useful for every individual and it will become more important for every person that's why there has to be a value and actually it will patronizing more likely in the whole country. However, even if it is tangible but still its continuously in front of many news anywhere in social media, such as google, facebook and any other big network. that's the life of bitcoin. 

The value of bitcoin is completely dependent on human interest in it. It's popularity plays a big part in giving it value because the more popular it gets the more people get interested in it and invest in it. As long as people buy and sell bitcoin, use bitcoin for transactions and trade bitcoin then bitcoin will always have value. And as demand increases, so will the price of bitcoin and the value will increase.

Bitcoin value depends on the investors and the red days time will.come it will.reach its highest pick this is what we call green days. If this will happen you might gain bigger profit and bitcoin will be.known by many. So, bitcoin has its value because of the people around it. Continue to trust in bitcoin till the future. It might give you a higher income.

Robust security and integrity of amount supplying and combined with borderless decentralized currency function ever made in human history! None of any kind of assets in our planet own all of these characteristics

It is the solid ground for decentralised economy development.

Bitcoin has value because it is as valuable as money. Bitcoin has the properties of money (durable, concise, exchangeable, rare, divisible, and recognizable) based on mathematical formulas rather than based on physical form (such as gold and silver) or confidence in the center (such as fiat currency). In short, Bitcoin is supported by math. With these attributes, all that is required of money to have an exchange rate is trust and acceptance. In the case of Bitcoin, this condition can be measured by the growth of users, sellers and early users. Like other currencies, the value of bitcoin comes only from people who are willing to accept it as a means of payment.

Bitcoin is valuable because people value bitcoin, bitcoin can be valuable when people believe in the future of bitcoin and start thinking that fiat money is economic slavery only.
Bitcoin has the intrinsic value of 'electricity cost' to mine bitcoin.

Bitcoin has no value. But bitcoin is available by selling money. bitcoin's value depends on its price. In other way much value of bitcoin. Bitcoin has used many people to do a lot in their life. And many people have changed their life.

That's bot a nice review on the reputation of Bitcoim, anyway that's your opinion though. But consider this, there are malls that accept Bitcoins and various on line portals that accept BTC as a trustworthy method to utilize and so I don't know why you say everything is merely based on trading.

It is not quite correct to say that bitcoin doesn't have any value at all. Bitcoin do have a value, the entry point to have bitcoin is your paper money or your native currency. Which is logically a representation of your own money in digital form. Only because bitcoin adopts a system that goes with the law of supply and demand, that is why the values are changing. Had it not been the method used to give value to it and choose to used just a fixed value aligned to the actual currency then we can clearly understand that bitcoin does have a value and our views would have changed. Look at the paper in the paper money? Does the paper really hold a value? Isn't it really worth compare to the actual metal coins like those containing the equivalent gold or perhaps silver in coins? Of course the answer is no. But are you willing really carry several millions of coins to represent actual value? If you do then you would certainly use forklift to carry it for you when shopping at malls. How uncomfortable will it be!

It does have value, the value the community agree it is worth by way of trade, much same way we decide gold or fiat currency has value.Bitcoin is no different

Well because of the users that attracted to bitcoin usage. The users who comes in bitcoin that makes the demand increase of price. This is usually happens demands increase does price increase.

Bitcoin does have value because of the demand that is supporting the price of bitcoin and also the beliefs of the people who are with bitcoin and that pushes the price of bitcoin to go up or to stay what it is current price right now. Bitcoin does not have any physical representation but it still manage to have a value in the market because people want it.

It all depends on what the next person is willing to pay. The power of decentralization into the hands of the people.

Now BTC buyers are forgetting that the task that BTC created, we only buy BTC for the purpose of speculation, make profits from the price difference, so forget about the target created BTC in too the past.

Because of the willingness of the people in having the bitcoin, and prices relies on the demand and the supply, we are really the one having the value of it, so for me  the greatest factor are always on our side, that is why we must protect this in order for us to have a great future, as much as possible all people and countries will know this.

that's just your opinion, I do not see bitcoin as you say.
bitcoin is received on the basis of trust, of course bitcoin is different from gold, and also can not be equated with the dollar.
bitcoin has its own special features.

Shops in many countries accept BTC's payment methods! For example, Samsung's physical store accepts BTC payment, BMW now accepts BTC payment!
Many countries have BTC ATMs! BTC can also be used for money transfer!
BTC can perform the functions of money very well!

I myself am honestly confused on how bitcoin or any other crypto currencies are backed. I know fiat is backed up ny products, services or basically anything that a country produces as an income to place a value on their money. With crypto currencies, I'm not also sure. Maybe it's more of like how many people themselves buy or sell cryto currencies. I guess it could be backed up by fiat.

Bitcoin was once a valueless before but due to investment and circulation occur everyday makes it valuable. Besides, it became valuable because maybe someone use it in other way like trading and people had been recognize it that is why they adopt. Bitcoin becomes valuable because it has a function like fiat, hold and many more.

we are consious bitcoin have value while much demand rise in cryptocurrency.without this demand it is impposible for bitcon.this demand caused by it is acceptment in any country.they assume bitcoin technology, ( we called it blockchain ) have good future

   The era of materialism has long been irrelevant. Although every day, realizing our foundations and dreams, our needs nevertheless demand from us with the word "here and now". Cryptography is the key to fast queries. The good it also develops significant steps. Leaving the Fiats behind, and overcoming the new frontiers of "restriction." Obviously, the current market will be significantly dominant, after the implementation of quantum technology. As an example, the Kelvin Blockchain project is based on quantum computing, which is already an innovation! With the coming quantum technologies, the current market must experience many changes. To be more exact, many coins will leave the market, as there will simply be no demand for them, due to the same technological superiority.
   Kelvin Blockchain (https://medium.com/@kelvinchain/the-post-quantum-era-of-blockchain-todays-solutions-for-the-world-of-tomorrow-16bdd970f49a) project itself is flexible to implementing cryptographic algorithms which will make it one of the safest blockchains ever existed with 10+ signature available from the start. This project does not rely on any particular signature algorithm and due to the multi-client use - on some single consensus. In case of any problems, it is possible to quickly locate the threat and prevent it’s distribution throughout the system. Multiple blockchains with different consensus algorithms, token types, and assignments will be available. The multichain technology allows creating almost an unlimited potential for speed and productivity. Kelvin Blockchain can launch up to 2^64 subchains - more available subchains will benefit in increased speed and security. Moreover, all the blockchains will be processed in one wallet so that the client could have fast transactions, secure investments and cheap smart contracts as well as a lot of other services at his hand.

It is increasingly valuable to the community and to the economy.
Besides, it becomes valuable because someone can use it in a different way as the transaction and people have realized that's why they accept it.
It becomes valuable because it has good liquidity, no tax, ...

At present, BTC has extremely high value, the current price of BTC has exceeded $ 8000. That's the price people are expecting, but in my opinion they continue to rise

Bitcoin is also used as a traditional currency. In addition to bitcoin's marginal boundary, bitcoin is the world's first algorithmic currency, bringing many advantages and benefits to investors. Traditional currency - inflation, devaluation, tax hikes, transaction hiccups, etc. Along with the Blockchain system, the explosion of the 4.0 carrier, has created the value of bitcoin. Bitcoin is only growing and spreading vigorously in 2017 which has made many nations afraid, bitcoin fears will be bubbles.

I am a worker and my salary is not enough for my daily expenses and I'll find ways. Because of Bitcoin I have un extra income to support my needs in my life especially when we have a family. When I earn profit i can have money to buy something for my needs and to have the future of my family that's why the Bitcoin have a very big value for me.

Anything in this world has its own value and it depends on how we are going to value it. Like Bitcoin its valued because it has given to people a job and earn profit. It gives easy transactions because of its decentralized market.

The value of BTC can be against the legal tender issued by the government!
As a competitive currency, Bitcoin limits the excessive use of legal currency. The more the government spawns legal currency, the more people choose bitcoin.

The value of Bitcoin is through the acceptance of people who are enthusiastic in cryptocurrency. Though Bitcoin is not widely used as legal tender but it is used as render in online shops. Its value grows everyday which is why people patronized it as an evolution of money.

True, this is what we called High Demand where we can see big progress and big gains because it is being subscribed by many people.

Personally, I think that Bitcoin has value because people shows interest on it. Just like anything else the people are interested to, it will have value, eventually it will need to meet the demand of the people for it meaning, its value will go up like any commodity that has demand.

Bitcoin has a value because people use it and patronized it. Bitcoin is a decentralized digital currency which is the best digital investment in crypto world. Bitcoin has a value because people give value on it.

you are right, something that many people in demand will have value by itself like antiques, antiques are only secondhand but because many people want to get it then its value will be formed according to its quality.

Bitcoins in the past has a very low value and as the time goes by, the price began to increase due to the demand in the market and now it was classified as a currency and there are online stores that are already accepting a cryptocurrency payment method.

The more people buy bitcoin, the more expensive it becomes, and consequently the author of rights - the price will grow while bitcoin is popular.

to tell you honestly as of now BIITCOIN must have no value.
they were not having a good relation with goverment, though the demand of the people are giving this coin a great value.
this is how bitcoin works.

Its value is to make the community more developed in the financial market for special electronic money. This is considered as a new opportunity and quickly promote the national economy as well as the world. Helping people have the opportunity to be rich and successful in life. Reduce the load, and shorten the transaction time.

The value of bitcoin is determined by the strength of its users, whether buyers or sellers, the same as trading goods in the real market, such as gold and silver trading. In terms of investment, bitcoin's better than gold and silver because the value of bitcoin's more volatile.

Bitcoin has a value for assumption is that bitcoin will derive its value both from its use as a medium of exchange and as a store of value. As a footnote to this assumption, it should be stated that bitcoin's utility as a store of value is dependent on its utility as a medium of exchange.

that's true, not only that, there are so many halls that influence bitcoin has the value of starting popularity until Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users.

Bitcoin tied with a dollar, I think so.  But who said that the new currency should look like the rest.

Actualy the value of bitcoin is depends on its popularization in the exchange market as being a no one digital currency investment  thats commonly used in the crypto worlds now,so even there is no physical form thats we can seen to the bitcoins because this is only a integral figures,but because of the name bitcoins as the first crypto created by nakamoto,people have a big trust and give its a greater value just like  fiat money and gold.

Bitcoin has value as well as dollar, euro, yen or any other traditional currency. It's about the number of people who supported the currency. in fact, in any money of sense, no more than we invest.

Everything most not be seen, touch and use physically before we believe it suppose to be valuable. Bitcoin have the greatest usage as far as modern financial technology is concern. Bitcoin is here to ease every traditional financial stress. So expect to value to grow higher.

I don't Think that it has a value  not only because of popularity. yes It certainly has no tangible presentation like Gold but it has a value. You can purchase things and stuff from GOLD we as well as from bitcoin why? BECAUSE IT HAS A VALUE.

Some Non-sense person. but to answer this thread. Bitcoin is a decentralized monetary that has no physical tangibles like Gold or Silver. but still have a value, how can I say ? because we can purchase from it not necessary directly using Bitcoin but as you exchange it to your local Currency you can still purchase stuff you want.

Bitcoin is a decentralized cryptocurrency, it's a digital currency it has a value because it's release as a currency like other centralized fiat currency. it have a own usages like other products. gold is a physical commodity if you accept then it's have a value other then it's valueless commodity bitcoin also follow this rule accept and valuable.

the value of bitcoin is only in the market. when many buy, then bitcoin will continue to rise, but for commodities, bitcoin has no value. so do not be surprised if to this day the bitcoin market has not yet risen, because maybe people have started to think that bitcoin must have value for commodities.

Bitcoin has its own value. Now an era with 4.0 technology, bitcoin is the pioneer in the field of electronic money and it is also the most powerful currency ever.
it does not have a physical form but it is valuable in one platform and people are really in need of it to develop for a good future.
It is really worth the long term investment and it will be of great value when the world must use blockchain technology.

Many investor have interested with bitcoin and altcoin investment its why bitcoin have value day by day, when bitcoin left by investor I think bitcoin will be gone and do not have value again for using as transaction or become trading or investing.

the value does not been decided by anyone for Bitcoin it can be anything that demand or its popularity will made the value more higher but the most important thing is people will accept it for their future that's why the value of Bitcoin will be decided and increasing every time.

bitcoin or crypto currency was created using technology and development so that it would be needed in modern times and for advances in the economic system

The same question can be rephrased as , how does a fiat have any value? This is quite simple. People agreed to move from the era of batter trading to a more convenient way where paper money was issued. People began to accept this in exchange of goods and services and eventually fiat gained value. The same principle applies to Bitcoin.

I believe that the value of Bitcoin is derived from the trust in the system and overall decentralization of the entire ecosystem. At this stage, any person is willing to pay $3,563 for one bitcoin just because everyone has agreed to transact at that value and this value is based on the law of demand and supply. Even when it comes to the Fiat currency, we believe the $1 currency bill has the value of $1 just because the government tell us to do the same.

In my opinion,in fact they are the only ones to destroy those who buy and sell Bitcoin.but you remember it,bitcoin own value is the real think.Because Bitcoin come to crypto market then have been price 0.15$-0.25$ something.
But day by day increase and going to touch 19k.
But it know Bitcoin is the unstable market intelligence,so anytime it will be back.

Actually, bitcoin has no value. But, because it is traded, bitcoin inevitably must have value. Same as coins or vouchers that are in online games, coins and vouchers actually have no value, but because the online game service sells it, the coins and vouchers have value.

   Actually you need to think outside the box. Don`t be bonded for one thing, learn about everything before you can
make sense out of everything around.
   Actually what is the value of gold? It can be like any other rock? Or maybe not? What is with money, traditional money?
Why Dollar have value, or Euro?
   People give it legitimacy, or not. People in power, we can name government sector, bank sector, it`s who have money
can create laws.
   We are the people behind Bitcoin value! And our opinion is equally important.

because there are many buyers who continue to increase from year to year. according to market law, the more demands, the price will rise. and if the demands go down, the price will also decrease.

Bitcoin, much is predicted about value to come, but for today it is still (falling sharply) even the lowest value. You can see the 2017 chart, reaching a record high at that time. Now bitcoin is listed at US $ 3,666. even some observers and experts are convinced Bitcoin can be lower or higher this year.

I believe that the value of Bitcoin for this year can be the highest, in other cases, the future of Bitcoin is possible for valuable storage media,
It could be that bitcoin can be a valuable role, like you have a coin that you use today.

your belief is very big in investing with bitcoin crypto currency especially because the risk of investing with crypto currency is very large the crypto currency value cannot be known for sure going forward and at this time we must be smart in seeing opportunities in investment

The physical value of any product didn't get value for it,only the demand does such like gold and any other resource present in this world getting value for it.

Bitcoin has been used by lot of people for various purpose even though it mainly created for the payment system so which has demand and got value as well based on that.

It may increase or decrease in the future based on how people uses it and how much used by.

right, investment is how we can see opportunities. do not let us get carried away by emotions because the market conditions are not according to our wishes. it would be better if you can follow what the market wants

I think that is the location of mistakes that are often done by new traders, they do not know the correct way of trading and they consider the cryptocurrency price movements can be predicted, and more ridiculous many famous people who provide predictions of bitcoin price movements in the future.

This has been discussed multiple times before. Bitcoin primarily gets it's value from demand yes, but there would have been no demand without properties that makes it desirable to people. Limited supply, being able to store money outside banks, etc were attractive enough for many people in the beginning to start the process of mining and buying.

isn't bitcoin and other crypto currencies the value and price can not be determined with certainty and it is a risk in investing with crypto currency the main capital of confidence and patience in investing in crypto currencies

all of that also arises from the belief of people that the value of altcoin has a value so they continue to make these investments to be able to make a profit

bitcoin has a value because blockchain technology started to become valuable. so bitcoin is the first currency that based on blockchain technology and it is the most popular one so it has value.

for the year the price of bitcoin will experience a high increase which will make the price more expensive, because with so many people adopting it, bitcoin will definitely get a high price

Bitcoin has a value due to its technology aspect. People are interested in decentralized, anonymous system like BTC and other cryptocurrencies have. And it's also an instrument of benefication.

We'll people value it that's why it has value. Similar to gold, It has value because people think that it has high value. The value of something really depends on the environment.

Bitcoin is a digital currency so we don't need any real thing for that it has been valuable because of it is a digital currency and being a Crypto currency is more useful for anyone to get easily connected with it digitally.

therefore the value of digital currencies like bitcoin is always expensive because bitcoin is one of the currencies that people will use to transact the online world

Not everyone in the world uses crypto and this is still a new thing so the value is expensive. For its own use, crypto is still a valuable investment asset and is still a pro-contra in countries that have not been able to receive it.

indeed crypto function is not maximized as a currency. but if we study it further, with a fantastic price increase in 2017, crypto is in demand as an investment tool. even though nowadays many are frustrated by it

Bitcoin is a lot like the internet when it first started: nobody knew anything about it and nobody thought it would have any use. Today, the internet is everywhere and is an essential part of today's economy. Bitcoin is the same way: nobody understands it now but 30 years from now everybody will be using it.

I think if bitcoin can only be used in the online world it will make bitcoin not grow and certainly the price of bitcoin will not become very expensive because demand does not increase, bitcoin should be used for local or offline transactions so that many people try to use bitcoin to complete a payment.

all possibilities can happen no one can know for sure what confidence and patience will be and maybe also in conditions like now investors must be able to take advantage of every opportunity that will be obtained in investing

The reason bitcoin has value is because of the market for buying and selling cryptocurrency so that bitcoin must have a value to be able to be traded. With the value that is owned, bitcoin can also be a tool for transactions such as exchanging or buying and selling like a currency, it is the reason why many call bitcoin as a digital currency.

with that the risk of investing in crypto currencies is great because the value and price of crypto currencies and the confidence and patience in investing in crypto currencies will reduce our panic in price and value that is always changing and cannot be ascertained

This is far from one reason! I agree that there are such things that are expensive because they are very popular among and therefore people are in great demand. But there are things that have information value. They are valuable because the idea itself is important! Bitcoin is one of those things. In this area there are no better ideas than Bitcoin, so Bitcoin will only grow!