Why is bitcoin worth? Welcome to discuss

[dhampir-D]

The value of bitcoin is in it acceptable, if bitcoin is not accepted as for exchange for goods and services, then it has no value. Just like in times past were the only means of exchange for goods and services is through batters trading. People create values on gold, silvers and stocks if it original sense it has no value. Bitcoin is increasing in values this day because of the force of demand and supply.

That's what really can maintain the value and stability of the currency. But even with a small number of places adopting it, Bitcoin can still have its value recognized by people, and I think this is due to the fact that Bitcoin's value does not depend only on micropayments, but on properties that allow people store value with it.

[olushakes]

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

Its OK not to have the answers and also not wrong for you not to have explanations to all issues. But in answering your question, there is a saying that ' everybody cannot be wrong at the same time" which means that the number of people on this forum is enough reason why bitcoin worth it. Because if reverse is the case,the dispersion of everyone on this forum in terms of nationality or race will not be unified by one purpose which is bitcoin.

[jtipt]

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

Well if someone thinks bitcoin has no value then so does the paper money, why do people value a simple piece of paper so much? That's how a currency work and Bitcoin is a cryptocurrency. Now we can compare bitcoin to gold to some extent; gold is valuable because it's rare so is Bitcoin, gold's price increase because its demand increases its the same case for bitcoin.

[Gromozeka!]

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

Well if someone thinks bitcoin has no value then so does the paper money, why do people value a simple piece of paper so much? That's how a currency work and Bitcoin is a cryptocurrency. Now we can compare bitcoin to gold to some extent; gold is valuable because it's rare so is Bitcoin, gold's price increase because its demand increases its the same case for bitcoin.

Bitcoin is a limited resource, and every day its stock is getting smaller, and when the mine will have nothing, and then the value will be respectively.

[Edraket31]

Bitcoin is just like gold, as people are adopting it and becomes one of the necessity it has value as time is passing by.
It is also just like the companies that businessman used to franchise and example of it is Coca Cola where in you are willing to buy the name of coca cola because you knew that is has goodwill or value. In short, the more you use it the greater its value will become.

[ikydesu]

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

Bitcoin has been become a medium to exchange, in this means already become a money/currency, because there are a demands and also have a supply, both is determine how much value the things.
Why accept more people? Because bitcoin is actually easy to use, there's no border for you to use it, people can have their own bank, but the regulations is the obstacles.
Value will rise? Depends on the demands. Supply < demands = price rise, vise versa.

[achow102]

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

We're in the same boat dude, I'm always wondering before how this Bitcoin works and how it creates money. The more people will be involved the value will rise. Putting all the efforts just to have a good rank is one of the key. And as time goes by the worth of BTC will get more higher than we're expecting.

Yup Bitcoin is the most valuable currency up to now. There are so many potential with it and the more you use it, the more benefits you have. if you are holding Bitcoin and continue to do it for about 5 years later, you will earn a lot of profit. BItcoin will all help us. Using Bitcoin will lead us to success

you say good words about Bitcoin. I hope that everything will happen, and those who hold Bitcoin become rich in a few years.

[bitbunnny]

Of course Bitcoin is a value, in fact it is determined with certain value. With Bitcoins you can pay for stuff so it's obvious that it has a value and at the moment it's the most valuable cryptocurrency.
What is worth particulary to everyone of us that is a different story but I'm sure that for no one is worthless.

[ldreligion]

Group identity is bigger, the greater the value, the actual refers to bitcoin bitcoin large chain chain, not to any other digital currency chain can achieve. But the more important aspect of the technology can not be ignored, including the block chain technology is a financial innovation, in addition to bitcoin does not necessarily assume the role of currency in the future, it seems not suitable.

[machinek20]

Bitcoin is worth because it is a great investment, and the one that make bitcoin valueble is the bitcoin users, the more demand the moere valuable the price, the reason why people is looking for bitcoin is because the user find that it is very easy to do transaction using bitcoin and we don't need to be afraid of identity theft, because we don't provide any identity to do transaction

[marcoman22]

The first thing is that bitcoin can be transformed globally with very low transaction fees. Other thing is it is a peer to peer system in which bitcoins are sent from one place to other without any central authority. It functions based on a superb blockchain system which has made bitcoin to gain trust of millions of people.Other important thing is it cant be banned without banning internet.The trust gained by the bitcoin has made a ever growing demand for bitcoin which inturn decides its price.

[bravehearth0319]

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

This is nothing difference with Gold before when it first time discovered, Gold has no value from the origin and we knew that. but people gave it a value because they believed it, they hold on for what they believing it to a gold. The same thing with Bitcoin, I can called it Invisible gold Which is bitcoin because its connected into technology that highly innovated in terms of online system. That's why I called it invisible Gold(BITCOIN).

[soham]

I really want to see the guy who said bitcoin is worthless. Please ask him to send all his bitcoins to you or me. However, that person did not say anything wrong technically. Because bitcoin is computer generated coin which holds no value literally.

Bitcoin hold a value of public trust. Since people have invested money in to bitcoin or you can say that they have entrusted their money with bitcoin, bitcoin started gathering value. So the more money invested in bitcoin, the more value increase you will see.

If all the people invested in bitcoin pulls out their money, bitcoin price will become nothing. So bitcoin is worth, because public in entrusting bitcoin with their hard earned money.

[BrewMaster]

I really want to see the guy who said bitcoin is worthless. Please ask him to send all his bitcoins to you or me. However, that person did not say anything wrong technically. Because bitcoin is computer generated coin which holds no value literally.

some people have a hard time grasping what bitcoin is, so only because bitcoin is different than their  old fiat currency and it is working in different ways, they have a hard time understanding why it has value.

these people eventually will accept the facts when they see bitcoin used in real world application. for example if someday they can buy groceries with bitcoin or pay for something online with bitcoin instead of their credit cards.

[kryptqnick]

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

I think bitcoin itseld doesn't have value, because it is immaterial. It is us, users, who give to value to it by believing it is worth it. Value rises when more people know about it and want it, because the amount of them is limited and thus if more people want one item it always starts costing more. That's how economy works, it's not just about bitcoin.

[calkob]

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

Like most things, value is derived firstly from how people perceive something, for example you think bitcoin has value and so do millions of other users world wide.  They are actually willing to pay to own it, for example

and 2nd if something has a valuable use case, for example silver, used in most electronics and it looks good too    Bitcoin has a massive use case in this digital age, as a form of value transfer, digital contracts, as a timestamp,  tokens for ownership, these are only a few and there are things we haven't even thought of yet.  people who say bitcoin has no value just haven't studied it enough and are a little ignorant. 

[whizter]

The first thing is that bitcoin can be transformed globally with very low transaction fees. Other thing is it is a peer to peer system in which bitcoins are sent from one place to other without any central authority. It functions based on a superb blockchain system which has made bitcoin to gain trust of millions of people.Other important thing is it cant be banned without banning internet.The trust gained by the bitcoin has made a ever growing demand for bitcoin which inturn decides its price.

beside these bitcoin is worth because it provide us so many opportunities, for example we can use bitcoin for online shopping and can transfer bitcoin too much easily. we can also use bitcoin in all over the word with same value without changing it into any local currency. we also do not need for any Visa card or check, we can use our bitcoin directly using our mobile.

[error08]

Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.

Who said bitcoin has no value? Look at the exchange rate, more than $1000 per 1btc.
Yes, they were wrong, bitcoin is valuable because people treating it that way, keep buying a lot of bitcoin and over time it getting valuable. Why people want to? Because the idea of bitcoin being decentralized digital currency and proven worth slightly more as time goes on. Price of bitcoin affected by supply and demand, how much people buy and trade bitcoin on exchanges, which state as global trading volume.

[bncbnc]

Bitcoin is worth because it is a great investment, and the one that make bitcoin valueble is the bitcoin users, the more demand the moere valuable the price, the reason why people is looking for bitcoin is because the user find that it is very easy to do transaction using bitcoin and we don't need to be afraid of identity theft, because we don't provide any identity to do transaction

in fact bitcoin is giving us multiple benefits, we can use bitcoin in trading, for investment, for gambling and for lending, it is depending on the interest of the people if some one is interested in trading then can make good money from trading.

[Vorth]

They say that bitcoin has no value, firstly maybe they do not know what bitcoin is and how does it works, and even on how to  make money thru bitcoin. What do you mean of “why accept more people” – I guess bitcoin accept more people because they will be worth of bitcoin like, more people more bitcoin to be in demand, they will buy more biotin so the price totally increase on that way, it’s a supply and demand law. We should know that as the bitcoin users, it may vary also on that method, the more user the more demand of bitcoin.