Bitcoin's real value

[lorylore]

BTC is basically a virtual currency. It has no definate value, but can be exchanged for online payments and paypal.

same for gold and silver and other things. they too has no value. it is because of supply and demand that makes them valueable. so right now, bitcoin is limited but becuz of no much demand for it, it is still largely unknown to the world. so if btc can be made as another mode of payment commonly throughout, there will be huge demand for it.

[zencomp]

BTC is basically a virtual currency. It has no definate value, but can be exchanged for online payments and paypal.

same for gold and silver and other things. they too has no value. it is because of supply and demand that makes them valueable. so right now, bitcoin is limited but becuz of no much demand for it, it is still largely unknown to the world. so if btc can be made as another mode of payment commonly throughout, there will be huge demand for it.

what you said is correct but till what time we will be waiting for the shop or traders to accept bitcoin as payment instead of that we can  go and encorage the trader about bitcoin payment and tell them the potential about bitcoin , which will help more for their business. and you wanted to buy through bitcoin and like you their are more users who are ready to buy things through bitcoins. then only they will seek and get details about bitcoin. gold and silver also got their value after the user started asking for gold and silver to the traders. like this when we initiate then they will also initiate and go for bitcoin.