Bitcoin Forum

Scarce Resource
One of the main reasons for Bitcoin's value is that the supply of Bitcoin is limited.  21 million bitcoins will be supplied over 18 million bitcoins have already been mined.  Because the value of Bitcoin is determined by the ratio of supply and demand.  Day by day the demand for BTC is increasing and the number of Bitcoin holders is increasing due to the growing population and the price is likely to increase in the future.  Experts believe that competition between holders will increase the value of BTC in the future when the supply of Bitcoin reaches 21 million while mining Bitcoin will not.
Decentralised Network
Another important reason for BTC's value is that BTC is a fully decentralized networking system.  Centralized network systems could be controlled by governments like traditional currencies or controlled by one or more institutions, individuals and groups.  But since Bitcoin is a completely decentralized system, it cannot be controlled by the government, so Bitcoin is completely Freedom.
Store of Value/Not to be Inflation
Bitcoin works completely against inflation, especially since governments can't regulate it and cannot print it in a printing press like traditional paper money and therefore cannot increase its supply.  So it doesn't get inflation like normal currency. Due to lack of inflation common people can't keep in purchasing power thus Bitcoin's value is maintained.
Bitcoin's Utility & Growing Globally Adoption
Bitcoin's value is maintained as it is exchangeable with various products and day by day various circles, famous people, institutions, countries are recognizing Bitcoin around the world.  Moreover, various business organizations are accepting Bitcoin as a payment system for their business.  Because Bitcoin is such a global revolution, its value will always remain.

You make some really valid comments about how Bitcoin's restricted quantity, decentralization, and invulnerability to inflation all contribute to its value. And because of that, the one thing that matters most - faith - has grown stronger. People's belief in technology's potential to radically alter the financial system is the primary force behind the market's valuation of its products. This confidence becomes stronger and stronger as more people, businesses, and governments adopt and acknowledge Bitcoin's value. Remember that Bitcoin's value is supported by the faith and confidence of its users in the currency's potential.

Being alive during so many technological upheavals and able to participate in them is an exciting adventure.

im a bitcoin maximalist. but also a realist so that people can be aware of reality and not the utopian.
i love bitcoin but its always best to keep it real.

bitcoin is not a scarce resource
there are going to be 2,099,999,997,690,000 sharable units. these units combine at a rate of 100,000,000 to be a basket term called a (btc) bitcoin, meaning bitcoin is devidable by 100,000,000 units
yep enough units for all 8 billion people to have some division of a btc

whats special about bitcoin is the limit mentioned above or simplified to being called "21m btc". its a known factor and should never change.. unlike fiat that increments its supply forever

decentralised network
the network and distribution of the blockchain data is decentralised. but the powerhouse of the protocol decisions is a current risk factor. everyone relies too much on "core" and even some core devs including the main maintainer has said so. this needs to change to be less vulnerable to abuse. its slow but it can happen

Store of Value
store of value is not the same as the scarce thing just mentioned in previous parts
the store of value is not even the market price
the store of value is an amount/cost that sits below the markets. this number increases steadily over the years
2012(<$2) 2017(<$1k) 2021(<$10k) 2022(<$15k)
this store of value is about the underlying acquisition cost that anywhere on the planet no one can get bitcoin for. which then forms a non zero bottom value. its mainly formed by the most efficient mining costs on the planet setting this store of value limit

golds value $900,, golds spot market $1904(premium today)
golds SoV is today 47%

ethereums  value $40,, ethereums spot market $1300(premium today)
ethereums SoV today is 3%

bitcoins value $15.5k,, bitcoins spot market $18.5k(premium today)
bitcoins SoV today is 84%

the value lock of $15k is a non zero bottom so knowing whatever the price was in 2022, atleast $15k of a btc was value locked and couldnt be lost

The value of things is subjective (https://www.forbes.com/sites/billconerly/2017/08/14/business-planning-with-austrian-economics-subjective-value/) to each individual, and it changes in time and space. Its not the same ice in the North pole than in Sahara, its not the same selling it to an ice manufacturer than a tourist, its not the same in the middle of the day than the middle of the night, or in winter vs summer...

Limited emission is a reality, doesn't matter the exact amount, it is limited and that's what matters. Also the rate that the remaining coins will be minted at, all of that is fixed in the code and cannot be changed trivially like politicians or banksters do with fiat. If the market price goes too high, the satoshi may start to become impractical, in that case could be proposed a further increase to the number of decimals. Yes, the bitcoin is only a unit of reference that means a 100 million satoshis but nothing changes except the way you end expressing your wealth.

There are the other features of Bitcoin, and every individual learns about them and decides if its valuable or not and how much, for how long and where. Are you fleeing a war and can't simply carry bags of gold with you across the border?

Or maybe you live in America or Europe where the USD and EUR don't seem to be going anywhere (yet) and can even use that money digitally in most parts of the world unrestricted. Some of those people see little value or even think its more cumbersome than "just cash" or credit/debit card.

The correlation of pro/cons is reflected in the market price. And of course the amount that doesn't reach the market because people don't want to part with it or is lost forever, so technically its even less than the so called 21 million. Like the million and so from Satoshi...

Apart from that, Bitcoin is valuable because we love it and buy it. The strength of Bitcoin is its community. Bitcoin has value because it is supported by a large community. The value of Bitcoin will exist as long as this community believes in it. Your points actually demonstrate why we love and support Bitcoin. We believe that holding Bitcoin will provide a good return. We can use it as a borderless money transaction and without any third party. So Bitcoin is valuable because of the trust of the community and investors.

I guess you forgot to say that all the reasons that you pointed out are exactly what gives Bitcoin its intrinsic value.  Its because of these factors that Bitcoin has real world value. Ot has a real usage in the real world and the reasons mentioned here are the main factors that confer Bitcoin its true value.

I got your idea here but permit me to correct that bitcoin isn't scarce yet since not all the 21 millions bitcoin have been mined already, it's been limited in supply is different from being scarce to say, other assets like gold and the likes were scarce to get because they are centralized while bitcoin can be easily acquired anytime anywhere using p2p network, so we cannot conclude that it's a scarce asset since it does not select who should and shouldn't invest in it, the more reason behind why it's decentralized.

Aside from the given characteristics please bear in mind that Bitcoin has value because people are willing to buy it. So having people demand it, the scarcity, utility, technological feature that helps boundless transfers are some of the factor that gives Bitcoin Value.



I believe having a limited supply ratio of the population makes it scarce.  No matter how we look at it, Bitcoin is only 21m.  We can divide it further increasing the amount to be distributed but still the number of Bitcoin to be in circulation will not change.

I think by having a set cap of 21M coins, it has been the first verifiable money that won't be printed away to no value.  Once you understand it, you realize that it has true power to transfer your wealth into the future without sacrificing it or having to invest and rely on businesses to stay afloat.  It also created the blockchain and mining method of solving the byzantine generals problem.  I believe that someday all digital assets (like stocks) will be tokens on a blockchain.  Maybe not Bitcoin's blockchain, but a blockchain based on that innovation and Bitcoin will still be the underlying store of value for this new economy.

All your points have a degree of truth in them but I also think that bitcoins have value because people have given it value and made it valuable, and people gave them value because it solved/addressed a problem for them. The first problem is the elimination of the need for a third party in transactions and also made making long term investment more accessible to everyone because there is no fixed amount that you need to have to be qualified to buy and hold bitcoins, although to gain well you need a good investment, but you get the point.

The reasons have largely be discussed to death, but ultimately it allows you to be truly the owner of the your money, and not rely on anyone else to transfer it, which you simply can't do with fiat unless you mainly deal in cash. Which, of course has its limitations. Bitcoin can be traded globally without much fuss, and without relying on anyone else.

That's generally the direction we're heading. People might not realise it yet, but there's an upside of doing it that way, and partly it has the same reasons why Bitcoin has, and will be successful. I think it extends beyond even that, and the Blockchain will be continued to be used for all sorts of things. Obviously, when I say Blockchain, I mean it like you did; a Blockchain, and not necessarily Bitcoin's Blockchain.

Well over 19 million BTC has already been mined at this time.

Bitcoins value as you pointed out is tied to its qualities which people benefit from holding it - this is what drives demand.
I desire a decentralized, transparent and immutable asset which can be transferred across borders seamlessly and without the need for a third party, so I desire to own bitcoins.

The supply which is finite would not grow against demand as I pointed out in a reply few minutes ago. This means demand is the only variable and supply is constant or rather limited. This drives the value.

Being divisible does not make a product less scarce. Everyone can get a share of Bitcoin, but everyone is limited in the amount of Bitcoins they can own due to its limited supply.

Actually, 19 million coins have been mined, and we're about to witness 20 million mined coins in about 4 years.

Of course, another weird interpretation of franky. Being scarce isn't the same as being highly divisible, but who am I to ruin your fantasy? Bitcoins aren't scarce. Gold isn't scarce either, we have grams. Food isn't scarce if you cut it in multiple pieces! Time isn't scarce, we have nanoseconds.

Scarce:
occurring in small numbers or quantities; rare.  insufficient for the demand.

sorry but 8billion vs 2,099,999,997,690,000 shareable units
do the math 252500 units each

oh and please FOR ONCE go look at the blockchain data.. the immutable data that even i cannot change!!!
(its not a fantasy. so even you can view it. they even make tools to make it easy for you to view it)

the bread starts off sliced.. its the slices that the bitcoin blockchain counts..
calling it a loaf.. is a separate OFF blockchain thing of a graphic user interface to combine slices.. for easy visual display

the pizza is already in wedges
the gold is already in dust form.
its not about breaking up or cutting..

block rewards 2009-2012 released 5000000000 units per block.
check the numbers
hex: 12A05F200
binary:100101010000001011111001000000000
amount: 5000000000

block rewards 2012-2016 released 2500000000 units per block.
check the numbers
hex: 9502F900
binary:10010101000000101111100100000000
amount: 2500000000

block rewards 2016-2020 released 1250000000 units per block.
check the numbers
hex: 4A817C80
binary:1001010100000010111110010000000
amount: 1250000000

block rewards 2020-2024 released 625000000 units per block.
check the numbers
hex: 2540BE40
binary:100101010000001011111001000000
amount: 625000000

Yes, that are some of the reasons.. but I think the most important one is that it is not being controlled by any government. Satoshi Nakamoto left some clues for us with the newspaper clipping, when he pointed to the second government bailout to the Banks, when Satoshi made this available for the first time.

He saw the need for people to have an alternative payment method, in case Banks and governments fail ....and we have  seen this happening in many countries. ( Zimbabwe / Cyprus / ....other examples ==> https://en.wikipedia.org/wiki/Hyperinflation )

Nice statement, and all the points that the OP gave have the truth to make Bitcoin more valuable, but apart from all these points, the trust of everyone, organizations, companies and even the community is also a factor that makes Bitcoin so valuable, with the level of demand and offers of some large organizations/communities as well as requests for individual/public offers have the potential to be worth Bitcoin.

People's interest in Bitcoin keeps them adopting Bitcoin, because they believe in Bitcoin. and the main thing is Bitcoin cannot be controlled by an individual or government, Bitcoin has its own purpose and has a volatile nature.

I think it's really stupid if someone who joined this forum still doesn't know how Bitcoin can have value when Bitcoin already exist since 14 years old.

Just to be clear value isn't same as price, Bitcoin has value because it's decentralized, high security, scarce, offer privacy, can't get manipulated or controlled and borderless transaction. While Bitcoin price is depends on demand and supply, if many people doesn't want Bitcoin, the price would dump very low since no one want to adopt it.

values(sentiment,desires,features, benefits)
is different than
value (economic number/measure)

note the 's' at the end
bitcoins values are the features/benefits mentioned above

but what give bitcoin VALUE
is not the market PRICE

the market PRICE
is a speculative amount that bounces between VALUE and PREMIUM and tests both boundaries

to work out VALUE and PREMIUM (the window that the PRICE bounces within) you have to look at the extremes of economics

yes lots of people have their own sentiment(values) about what prices they want to see. but the overall bit coin VALUE and PREMIUM are at the extreme ends of these

the value is the bottom where after all of the sellers have sold the last and lowest anyone dares sell for. is the bottom VALUE

when all the buyers have bought the last and highest anyone dares buy for is the top PREMIUM

this value/premium window can be calculated

the cheapest way to acquire bitcoin is to have the most efficient mining hardware bought at wholesale/bulk cost. which in 2022 sat at $15k VALUE
the most expensive way to acquire bitcoin is the reason to use but extreme cost of mining. EG highest electric and retail priced hardware

this sat at $90k in 2022.. the market PRICE then moves inbetween $15k-$90k where it may not hit either of these edges and stay somewhere inbetween and is not predictable what the price may be at any time within the window

2021 was a $10k-$75k window

in short there was a reason buyers fizzled out near the top of $70k in 2021 before hitting the window edge

in short there was a reason buyers fizzled out near the bottom of $15k in 2022 before hitting the window edge

this week its still ~under $100k top premium window edge. meaning dont expect speculation to cause a $200k btc price

this week its still ~ $15k bottom value window edge. meaning dont expect speculation to cause a $10k btc price

I believe all those main factor listed above will not be valid if people didn’t trust Bitcoin to begin with. Anyone can clone Bitcoin because it’s open source and start a new token with same feature but ofc people wouldn’t trust it since it’s not Bitcoin.

Holder trust and confidence on Bitcoin is what gives it value up to this point. All the valid point mention are the things people see to trust Bitcoin.

What you have said is true. If people who enter the cryptocurrency industry are not sure and believe in Bitcoin, it is impossible for Bitcoin to have a lot of value and fans until the supply of Bitcoin itself is almost gone.
Maybe in the past 7-10 years there were still few people who believed and thought that Bitcoin was a very valuable asset, but with the development of the times and technology, more people began to believe and believe in bitcoin until they dared to invest and keep Bitcoin as an asset. them so far.

What you say about bitcoin is not wrong, but everything would be meaningless without human demand. Any asset without people's trust is useless, and human trust is what makes bitcoin valuable today and in the future. On the contrary, humans will only continue to believe in what gives them value, meaning the two are supporting each other. If bitcoin contains more features, and more technology but does not benefit everyone, we will still get rid of it immediately.

Anything that has a demand will have a value. Demand on the other hand has many factors affecting it to either go up or down. Bitcoin as an example has a demand not only because of its advantages over normal digital currencies such as faster and cheaper transaction fees. But more importantly, people are making use of its price volatility to generate profit which is somehow a domino effect which could result to a higher price meaning, higher profit.
I view it more as drive to earn profit than trust alone. If it is trust alone, people will easilu get rid of this technology whenever the market price is falling, but since all of us are wanting profit, we tend to hold despite of down trends in this market. Regarding alternatives, they do recieve the same attention but  since people are aware of how fast prices do change, they often move from one coin to another.

Regarding the question of the topic and why bitcoin has value, we all know bitcoin price comes from supply and demand and due to supply and demand in the market, the price changes over time and there is even same situation for many other assets however some people think bitcoin itself should have value from itself like gold while many people think it doesn't have.
And the reason of why bitcoin is against inflation is very much clear to me, like many other assets in the world if you save money in the bank you won't be able to save the real value of the money while by investing you will be able to even earn much more than the thing you invested there in the bank.

At present, most countries are not in support of Bitcoin, and a lot of people still see it as a scam, but if every country accepts Bitcoin, if there is global adoption of Bitcoin, it will add to the value of Bitcoin. If only people would see the real scam in banks and centralized systems, then they would understand the real nature of Bitcoin. 

Some people just have their money stacked in the bank, which does not appreciate in value but instead depreciates because of inflation. Some bank customers get scammed most often, and the government  gets to know your net worth at any time they want. It makes it easier for a third party (bank staff) to track your financial state.

But Bitcoin has lots of advantages over fiat, and when people fully understand that, its value will increase even further.

People gets what they want from bitcoin and this create a continuous value they give towards it by not going for other assets than bitcoin on a specific level, moreso bitcoin has created this trust in people with providing the accurate solution to their long time challenges, as long as people will not change then bitcoin also remain as it has always even if there's change about the people, since bitcoin has not for once failed the trust will always remain in their heart as long as it exists, this is the value embedded in bitcoin from the people's perspective.

The value of Bitcoin is that it is essentially a magical entity.  Bitcoin is magic.  The great writer and science fiction writer Roger Zelazny wrote that at a certain level of development, technology is indistinguishable from magic.  Bitcoin is techno-magic! 

You can memorize 12 keywords and run naked on tropical islands.  You can have sex with a beautiful girl, while all your wealth will always be with you... Isn't it magic?! 

Then, on any device, by entering the magic Seed phrase, you can access your bitcoins. 

Bitcoin is not gold coins or paper notes, it is money that can be stored in memory.  It's amazing!

This is why Bitcoin is still here and still got value. Bitcoin will stay as traditional finance-like banking systems will stay. People soon will have just a lot of choices on what they will use like Bitcoin, Bitcoin is created decentralized, and everyone can have Bitcoin wallet and use Bitcoin. This is also why Bitcoin got value, because of it's function, it's created to have a value and will be able to use to our daily lives.

There are certain Bitcoin features that may seem very important for Bitcoin's success. One of which, of course, as you mentioned, is its fixed supply. There will only be 21 million coins. It can't exceed beyond that. However, is this feature enough for Bitcoin to have value? Nope. Any developer could create a coin that is also finite in supply, even lower than Bitcoin's. So, I guess what made Bitcoin earn its value today is the sum total of its features.

The reason been that bitcoin has bring alot us back to normal and you know in every human we do love and thing that will give us money and even alot of money,we  human love things that will bring food on our table and make us happy.
Human love things that have value,things that can stories for good so that we all do get ourselves involve in them so much and we make them have value because of the benefit it brings.

Bitcoin will have value and will continue to increase because people believe in it, people believe that it will bring them a lot of value and many benefits that it has, which fiat or gold does not have.
Compared to the existing assets in the world today, it can be said that scarce resources are the strength of bitcoin, the supply is limited, and once the demand increases, the price of bitcoin will increase and not can prevent.

Seriously, you have given some concrete evidence on why bitcoin will continue to have value.but I believe it is community that will continue to determine the value of Bitcoin, without no strong community I don't think the price of Bitcoin could have reach here with ways government is trying is best to destroy it despite the hackers who hack and steal some people Bitcoin for more discouragement. The demand and value will continue to  be increasing if only more people are joining the community.if not they not be anything like scarcity of Bitcoin despite Bitcoin limit supply.

You just made some clean good points here. Bitcoin has a good value and it keeps growing everyday till each and every single individual get hold of bitcoin in little fraction which would be of big monetary value then. To add to the list but few are as follows;

Security
With bitcoin, you can convert your huge amount of fiat and move about with it stored in your wallet and conveyed with your  mobile or Android phone. Possibly stored in your safe without anybody noticing that you have your assets kept there. Instead of moving about with bullion vans carrying huge bulk of cash about which would definitely attracts eyes to you, you can convert to bitcoin and move with it and nobody knows you have or carrying such an amount with you till you get to your destination.  All these I have mentioned above would take place without anyone noticing your identity which put you on the safe side and your identity would remain unknown.

Saves time and minimize stress

Bitcoin gained more value in time consumptions it averts. Going by the normal fiat transaction, if one would want to withdraw or make payment for services with involves huge bulk in cash amount, it would take the time of those involved to undergo some scrutiny by several agencies involved before clearance to do whatever you want to do with it, while conducting such huge transaction of such magnitude, you will have to pay for transaction fee very much higher than bitcoin but if you use bitcoin, the fee will be low and it would scale through very fast to the destination without any delay but in the other way, Fiat is not so. After passing through stress sending such amount of money, if the account receiving such huge bulk of cash has not received such before, they would need to undergo another interrogation before they have access to the funds. So you see the value attached to bitcoin.
There are lots of them which would be gradually revealing itself as time goes on.

Bitcoin was originally created as a form of satoshi's dissatisfaction with conventional banking or money systems which do have many limitations, but over time a lot of public trust in bitcoin has made bitcoin increasingly popular and of course with this popularity many people are interested in buying it and making it an investment besides that the number of rare bitcoins makes its value increase along with the many uses and also the use of bitcoin in today's era of technological advancement, in my personal opinion that is the reason that makes bitcoin currently have quite a valuable value even though bitcoin doesn't actually have a real physical form.

Over the years, a currency's notion of value has shifted from its physical characteristics to how quickly it is used in an economy.
Although Bitcoin exhibits certain characteristics of a money, its main source of value comes from its limited supply and rising demand.
If one bitcoin were to cost $514,000, its market capitalization would equal around 15% of the whole world's exchange market.

I agree with your points except the one I quote above. I have also tried to correct this impression of bitcoin being a scarce commodity several times. I don't know how that concept emanated
According to Oxford dictionary, the word "scarce" means "insufficient for the demand."

Then bitcoin is not insufficient for demand. If I want to buy a million dollar worth of bitcoin today, I'll buy it successfully. Why then say it is scarce?

I agree with you that bitcoin will always have value. The real question however is what the value of bitcoin is going to be in the future. Over the years we have seen a lot of volatility in the bitcoin market, 1 BTC has been worth 1 USD and more than 60,000 USD. Right now we are fluctuating somewhere in the middle. I understand that many people want a very high price for bitcoins so they can make a big return. But I don't think we are there yet. In my opinion it would be best if the bitcoin market would settle down and not change prices so quickly. The more stable the price is going to be in the future the more new investors will be attracted. I think the crypto world can still grow a lot when markets are a bit calmer.

Most cryptocurrency traders accept Bitcoin, which has a diverse community. The higher the demand for cryptocurrency, the more value it will have. Bitcoin is one of the most popular digital currencies. which also increases its demand.

The development of Bitcoin market is indeed experiencing very rapid development. more and more governments are starting to take an interest in talking about Bitcoin-related topics. this is what has quite a big impact on the growth of the Bitcoin market. when more Bitcoins are adopted by a country as acceptance for alternative legal means of payment, we will see Bitcoin in a good trend.
but due to limited supply, when all Bitcoins are in circulation and traded on the market. the value could just go wild. I'm waiting for the time when Bitcoin will experience scarcity in the market.

Bitcoin has value because Bitcoin is liked and chased by many people so that its value may be greater than the price. And it is also influenced by the fact that there are always buyers in the market to trade it which in effect always makes Bitcoin look very good. So the reason why Bitcoin is valuable, it's because there are already more people who love it.

This can also be an additional reason for Bitcoin because with more people willing to accept Bitcoin in any context, then Bitcoin will continue to be valuable and can affect its price increase in the market. Because when an asset continues to increase in demand, its value will also be better in the eyes of everyone.

There are many factors that make bitcoin have value, as you mentioned, the greater the demand and less the supply of bitcoin, the greater its value. The value of bitcoin is represented in its scarcity, as there is a limited amount of bitcoin supply, and more than that will not be available in the future. Also, the trust factor plays an important role among investors in increasing the value of cryptocurrencies in general and Bitcoin in particular. Also, the benefit of using Bitcoin and its centralized characteristics and its most secure and common network is what make it have a high value among most other currencies, In addition to the adoption of Bitcoin by major companies and institutions as a method of payment, which increases its daily use cases and leads to an increase in its value.

Demand to the supply creates the value. At the beginning the buying of pizza in exchange for bitcoin gave value. Over the years of continued acceptance into different platforms as well as into different businesses made cryptocurrencies to be more valuable with time. The core objective for which bitcoin got innovated is slowly reaching its purpose as people prefer to stay decentralized than into the corrupt system.

Bitcoin has value because demand is increasing and supply is increasingly limited, everyone wants to have bitcoin, almost all people have adopted bitcoin, bitcoin is the future, if you don't buy bitcoin now you will miss the price which will continue to rise, sometimes tweets like it can also make bitcoin prices continue to soar,

yes,, that's why many people invest in bitcoin because they see the advantages of bitcoin, but of course in investing in bitcoin you have to know the knowledge first. because if we do not have knowledge, we will lose.

but the funny thing is that now many people admire bitcoin because it has a high price, before the price was cheap , many did not believe it and underestimated it.

the news from you is very good and will certainly be useful for people who are new to bitcoin.

No more! Bitcoin has value. Do you explain to a third party the value of $1?

Bitcoin is a reality! With more than a decade of existence, that question is a "Tx" confirmed many blocks ago, more than 772,680.

It's not that bitcoin "will have a value" but it already has a value and in fact, it grew a lot to a point that people and even its founder didn't expect. Under the scarce resource category, you forgot to add or mention that there is a halving which greatly lessened the amount of new BTCs that has been mined.

I think the halving mechanism can also fit on the 3rd item of your list because BTC doesn't inflate and this is why it's also called as a deflationary currency. Bitcoin is volatile so it's value is not maintained. We also don't know the future. Sure BTC is doing great now but what if a new invention came out or a super currency which is better than BTC? There is also a threat when the super computers came out.

The creator expects Bitcoin to have value and be adopted.  You can prove it with how he designed the supply of Bitcoin and how Bitcoin will thrive after the mining reward is exhausted. 


I don't know about Warren Buffet if he wants Bitcoin since he stated that Bitcoin is a "rat poison squared".  there are influencial people that is anti-Bitcoin and this hinders the growth of bitcoin's value since they always use their influence to demerit Bitcoin.

I believe there is more in the future.  But for now bitcoin I hope Bitcoin will be adopted by different countries to strengthen its value.

It's not only a loss, but it can also lead to the wrong direction or the wrong way to start, because people who don't have the knowledge to become investors will certainly be very close to being led astray. Because investors also need knowledge to manage their finances so they are not easily deceived by others.

It is human nature that we are very familiar with in any case, because there are still many people who think that something that is cheap is not a good asset, even though everyone can explore it in more depth so they can find out about the good and bad of an asset. And when they already know thoroughly about Bitcoin, then they can make their own decision to believe or not to Bitcoin.

The global reception that bitcoin had about ten years ago can't be quantified with what it is today and that a milestone progress for the crypto coin, and it's a way to show to everyone that it's value is something that's utility bond and as such the tendency for more and more adoption is possible. Just recently as I heard some rumors that  the Polish government gave binance a licence to operate within it's domain, yes despite it's a centralized exchange it indirectly going to boost the usage of bitcoin in that country which is something.

What, the supply is increasingly limited? What do you mean?
The bitcoin economy continues to grow as more and more users own bitcoin, trade them, invest and use them as currency.

The bitcoin economy continues to grow as more and more users own bitcoin, trade them, invest in them and use them as currency. There are only 21 million bitcoin created and so far not all of them are circulating in the market. While some are lost due to user negligence and others, bitcoin is more likely to be said to be increasingly rare.

I'm quoting something that might help the OP to find an answer to his question and also helped him gain some understanding of ^{[why bitcoin has value],} because basically it's a common question that gets answered often:

Why do bitcoins have value? (https://bitcoin.org/en/faq#why-do-bitcoins-have-value)

I think bitcoin can have value because, well, the supply is only 21 million. and the demand is very much, I think that's what makes bitcoin valuable. and the reason why people always want to invest in bitcoin, because many are speculating for the future, and many believe that in the future the price of bitcoin will be even higher.

Bitcoin usage is essential and alot of people have pieces of it. Bitcoin is a good project with backup team who are working entirely to make it profitable in the nearest future. Close to a decade, bitcoin have been on the bull run. It's also a big target for investors and traders as the top investment in the crypto space. Crypto experts have already predicated the long bull run of bitcoin to hit $100k but all a matter of time before that happens. The best strategy is to wait for it's heavy dip and bagged the pieces equivalent to the capital at hand, and wait for the bull season to get triggered.

I am pretty sure everyone has their own reasons for it, but mine is precisely for the decentralization. Yes, we could still see a lot of people who have too much, and centralized exchanges have most of our funds in their own possession as well, so if one day they end up saying "we are keeping it all and not allowing you to withdraw" that would be a big big big problem for all of us.

However, we should all remember that this is a very tiny chance that all of them would do that, not even the big ones would and it is going to be such an ordinary situation for people to live in a world where this happens. I would guess that it is going to be an exceptional situation that is unexpected and we shouldn't try to assume that. Decentralization is here to stay, and is the biggest reason for me without a doubt.

Quite some important points there shared by the OP, But i personally believe that the most important reason for the value Bitcoin has is because Bitcoin itself is useful to man, Bitcoin is useful to man in several unique ways, this means that people value their bitcoin differently, this is one of the reasons why a lot are selling while a lot are also buying..
-Many see bitcoin as an investment opportunity, which has given them the ability invest and make good profit for themselves in the future,
-while some other persons see bitcoin as a way to easily transfer money to their loved ones abroad, and they only buy bitcoin when the need to send money to their loved ones arises,
-there are still others that see bitcoin as a commodity they can buy and sell everyday for daily profit..

Which ever way see bitcoin, it in one way or the other contributes to the value bitcoin has today, Bitcoin can have limited supply, runs on a decentralized network and all that, but if man see no use of or for it, it will never have any value.

Not just bitcoin but any asset that has a higher demand than supply it will have a very high value. Bitcoin is valuable today because everyone believes that investing in it will bring us high returns. From that thought, everyone rushes to find and own bitcoin, thereby boosting demand while the supply is quite limited, the price of bitcoin will increase very high.

Bitcoin has value because people or people use it, and see it as valuable, and use it as an investment, an asset, and also as an alternative transaction.
and if everyone stops using bitcoin in any form then it will plummet in price and thus do nothing, and also everything is based on supply, demand and perceived value, nothing more. And some of the advantages of bitcoin are:

- Limited and everyone knows the limit.
-Transparent and can't be faked.
-Can send in minutes.
-Governments cannot stop transactions, nor can they remove them from the network and cannot control them, and many others.

First of all, bitcoin has value for the same reason as paper and digital money — it is a convenient form of money that people usually accept.

Everything gets value because of the community and not the government or any other establishment. The government can pass laws and people protest against accepting it, the government will have no choice but to change that law. We're leaving in a democracy age and everything has to be done with democracy.
Bitcoin has valuable because it has proven to the community that it can be trusted and can be used without all the centralized procedure that have been imposed on us by the government. Bitcoin has value because it has proven its useful in borderless transaction and all you said.
Bitcoin is also mathematically backed with limited supply, all this are reason we believe in the currency. Bitcoin has value because it's owned by the people and not like other currency that we don't get a say in how they operate.

It depends on each people to consider if Bitcoin is convenient or not as form of money.

Some people think it doesn't have any problem to show if they're Bitcoin holders and just pay via QR code in just less than a minute, so they're think it's really convenient to use Bitcoin.

But some people think it does have a problem if they pay a stuff with Bitcoin since it would kill their privacy and they're worried if the QR code is fake, so if they send to wrong address, they will lose the money, which will make they think Bitcoin isn't really convenient to use.

Major thing is the fake bitcoin. For now someone around the world could've created fake bitcoin and made good fortune. No one was able to do it, and the Same makes it more valuable against the fiat that can be duplicated. As people look for something precious and limited in supply it carries value.

People try to scam people in the name of bitcoin, but that doesn't mean Bitcoin is losing its value. It is a way through which people understand better about bitcoin.

there is a bunch of answers and all of it is a true but the simple term for me why bitcoin has value because its supply and demand just like the movie of wolf of wallstreet. people believe too bitcoin and demand increase and supply has only 21 million btc