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Bitcoin Forum > Other > Beginners & Help > Do you know if bitcoin has an intrinsic value and where it comes from?
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Author Topic: Do you know if bitcoin has an intrinsic value and where it comes from?  (Read 2121 times)
Harley997
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June 09, 2014, 04:56:31 AM
 #41
Quote from: Bitcoin For Dummies on May 27, 2014, 01:33:03 PM
Well watch this video https://www.youtube.com/watch?v=2R3Zg1KL_KE and discuss below Smiley

The value of BTC is derived from the security of the network.
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Dannie
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June 09, 2014, 10:14:22 AM
 #42
Quote from: Trading on May 31, 2014, 03:20:47 PM
Who cares for "intrinsic value"? It's all about supply and demand.

Do you know something with more intrinsic value than air? You die in a few minutes without it. But it's worthless, because supply is overwhelming.


Very well said.
The market price is governed by both demand and supply. It is meaningless to only check one side and ignore the other side.
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