Why is bitcoin worth? Welcome to discuss

[Superzpay]

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.

Let me share to you something, before Diamond and Gold don't have any value its just nothing, priceless in short. But when people gave it a value started from one person only, others followed what he/she did too up to now both of them has high value in the whole world. It is the same thing with bitcoin they accepted it because they believed it  has value even cannot be touch unlike gold or diamond still has value. meaning it depend on how people believe in it.

That is the fact that if we will support bitcoin and will promote it to everyone in our area and will convince then to invest in bitcoin then the value of bitcoin will increase much higher and it will benefit everyone just like the gold and diamond have benefited every of its users.

[Rahar02]

Well, what makes bitcoin worth is 'the users', as people keep buying and trading bitcoin, limited supply of bitcoin that had been set just 21 Million and higher demand make bitcoin precious (credibility and advantages behind bitcoin technology), just like gold or diamond (scarce but very useful). If there is no one wants bitcoin anymore, itu become worthless.

[Zadicar]

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.

Let me share to you something, before Diamond and Gold don't have any value its just nothing, priceless in short. But when people gave it a value started from one person only, others followed what he/she did too up to now both of them has high value in the whole world. It is the same thing with bitcoin they accepted it because they believed it  has value even cannot be touch unlike gold or diamond still has value. meaning it depend on how people believe in it.

That is the fact that if we will support bitcoin and will promote it to everyone in our area and will convince then to invest in bitcoin then the value of bitcoin will increase much higher and it will benefit everyone just like the gold and diamond have benefited every of its users.

Its easy to say but its hard to do infact you cant easily convince anyone on your place about bitcoin since people are different regarding on their reactions and views if you tend to explain bitcoin to them.We would really love the adoption to be fasten so that we could able to see high price of bitcoin but for sure it would really takes time.

[VTCutch]

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.

Let me share to you something, before Diamond and Gold don't have any value its just nothing, priceless in short. But when people gave it a value started from one person only, others followed what he/she did too up to now both of them has high value in the whole world. It is the same thing with bitcoin they accepted it because they believed it  has value even cannot be touch unlike gold or diamond still has value. meaning it depend on how people believe in it.

That is the fact that if we will support bitcoin and will promote it to everyone in our area and will convince then to invest in bitcoin then the value of bitcoin will increase much higher and it will benefit everyone just like the gold and diamond have benefited every of its users.

Its easy to say but its hard to do infact you cant easily convince anyone on your place about bitcoin since people are different regarding on their reactions and views if you tend to explain bitcoin to them.We would really love the adoption to be fasten so that we could able to see high price of bitcoin but for sure it would really takes time.

I am sure that we will see the high cost of Bitcoin. Its price is increasing rapidly. And I'm sure this is due to the increase in demand for Bitcoin. Therefore each of us should try to do even more popular Bitcoin

[jak3]

bitcoin is acceotable y many people around the globe and for me this major reason is sufficient to say that bitcoin is a worthy to be an virtual cryptocurrency. it has some exception but its one of the best idea till now

[Gameroid]

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.

Let me share to you something, before Diamond and Gold don't have any value its just nothing, priceless in short. But when people gave it a value started from one person only, others followed what he/she did too up to now both of them has high value in the whole world. It is the same thing with bitcoin they accepted it because they believed it  has value even cannot be touch unlike gold or diamond still has value. meaning it depend on how people believe in it.

That is the fact that if we will support bitcoin and will promote it to everyone in our area and will convince then to invest in bitcoin then the value of bitcoin will increase much higher and it will benefit everyone just like the gold and diamond have benefited every of its users.

yes that is right i am agree with you but if you a convincing  an uneducated person the it will become very difficult to convince him, because different people have different strategy about  bitcoins.

[Seansky]

For me bitcoin has value because it can be used to buy items online worry free without even risking your identity and credit card information to some stranger you don't know. Also, It has great investment opportunities where I can multiply my money easily for free I just have to be wise. Although the investment opportunity does not apply to everyone, anyone can just hold since bitcoin itself is a great investment because of volatile price.

[mornabo]

Being decentralized and backed by mathematical cryptography instead of central banks if very valuable.

which makes it different from the other bitcoin. and make users want to have to form a bitcoin, and bitcoin has a price request. and demand continues to grow to create bitcoin prices high

[asriloni]

bitcoin is acceotable y many people around the globe and for me this major reason is sufficient to say that bitcoin is a worthy to be an virtual cryptocurrency. it has some exception but its one of the best idea till now

Nope, but OP already answered his question with his statement. Because bitcoin is valuable(Offering some advantages). and the people will see it something is important to have it.

[Zadicar]

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.

Let me share to you something, before Diamond and Gold don't have any value its just nothing, priceless in short. But when people gave it a value started from one person only, others followed what he/she did too up to now both of them has high value in the whole world. It is the same thing with bitcoin they accepted it because they believed it  has value even cannot be touch unlike gold or diamond still has value. meaning it depend on how people believe in it.

That is the fact that if we will support bitcoin and will promote it to everyone in our area and will convince then to invest in bitcoin then the value of bitcoin will increase much higher and it will benefit everyone just like the gold and diamond have benefited every of its users.

Its easy to say but its hard to do infact you cant easily convince anyone on your place about bitcoin since people are different regarding on their reactions and views if you tend to explain bitcoin to them.We would really love the adoption to be fasten so that we could able to see high price of bitcoin but for sure it would really takes time.

I am sure that we will see the high cost of Bitcoin. Its price is increasing rapidly. And I'm sure this is due to the increase in demand for Bitcoin. Therefore each of us should try to do even more popular Bitcoin

Theres no other thing that could able to increase the price of bitcoin but only adoption or people who do engage to bitcoin because if the demand increases then automatically its price do really increase but we cant really avoid for those people who makes money on doing trading on bitcoins price movement.

[geopolisch]

Being decentralized and backed by mathematical cryptography instead of central banks if very valuable.

which makes it different from the other bitcoin. and make users want to have to form a bitcoin, and bitcoin has a price request. and demand continues to grow to create bitcoin prices high

I just doubt that people will worth bitcoins this much if bitcoin has a fixed price levels for ever.
Basically bitcoin has two big advantages which are covering both online users as well investors. From beginning days itself, it started attracting these types of people that is the reason its worthiness goes skyrocketing.

[Dudeperfect]

It’s a game of trust. The currency note in your pocket has some definite value of $1 or 100 INR etc because the concerned government has agreed to pay you that respective amount so you trust that the instrument possesses the some value and thus everyone other. Bitcoin is not different, people around the world have faith in bitcoin and thus they believe that bitcoin has a certain value of $1,000 and this mutual trust is known as value.

[Aamir1]

It’s a game of trust. The currency note in your pocket has some definite value of $1 or 100 INR etc because the concerned government has agreed to pay you that respective amount so you trust that the instrument possesses the some value and thus everyone other. Bitcoin is not different, people around the world have faith in bitcoin and thus they believe that bitcoin has a certain value of $1,000 and this mutual trust is known as value.

The value of bitcoin probably depends on trust, because if the community stops trusting bitcoin, it would become like other currencies who does not have trust among people. The only thing that makes bitcoin the best and different from others is the trust coming from the people  around the world, the belief of people that bitcoin will always be of great value.

[bob123]

It’s a game of trust. The currency note in your pocket has some definite value of $1 or 100 INR etc because the concerned government has agreed to pay you that respective amount so you trust that the instrument possesses the some value and thus everyone other. Bitcoin is not different, people around the world have faith in bitcoin and thus they believe that bitcoin has a certain value of $1,000 and this mutual trust is known as value.

The value of bitcoin probably depends on trust, because if the community stops trusting bitcoin, it would become like other currencies who does not have trust among people. The only thing that makes bitcoin the best and different from others is the trust coming from the people  around the world, the belief of people that bitcoin will always be of great value.

The best thing is.. you don't have to trust anyone or anything.. you just have to trust Math..
And since math can be proven its a bullet proof concept.
Its a currency backed up with Math and Calculation Power.

[Dudeperfect]

It’s a game of trust. The currency note in your pocket has some definite value of $1 or 100 INR etc because the concerned government has agreed to pay you that respective amount so you trust that the instrument possesses the some value and thus everyone other. Bitcoin is not different, people around the world have faith in bitcoin and thus they believe that bitcoin has a certain value of $1,000 and this mutual trust is known as value.

The value of bitcoin probably depends on trust, because if the community stops trusting bitcoin, it would become like other currencies who does not have trust among people. The only thing that makes bitcoin the best and different from others is the trust coming from the people  around the world, the belief of people that bitcoin will always be of great value.

The best thing is.. you don't have to trust anyone or anything.. you just have to trust Math..
And since math can be proven its a bullet proof concept.
Its a currency backed up with Math and Calculation Power.

Yes math has crucial role in determining the price but at the same time the current price is determined by the buyers and sellers in the market and buyers purchase bitcoins because they trust that market will buy bitcoins from when buyer wish to sell so it's the mass trust which makes it valuable IMO.

[Xester]

Well, what makes bitcoin worth is 'the users', as people keep buying and trading bitcoin, limited supply of bitcoin that had been set just 21 Million and higher demand make bitcoin precious (credibility and advantages behind bitcoin technology), just like gold or diamond (scarce but very useful). If there is no one wants bitcoin anymore, itu become worthless.

Since bitcoin is a commodity and is backed up by fiat currency without any demands in the market then bitcoin will actually lose its value. But bitcoin has already established its name and a huge number of people trusted bitcoin and are confident that when they hold bitcoins they will earn profit from it. In this level bitcoin is founded with strong foundations and a price meltdown rendering bitcoin worthless has become an impossibility at this point of time.

[talkbitcoin]

It’s a game of trust. The currency note in your pocket has some definite value of $1 or 100 INR etc because the concerned government has agreed to pay you that respective amount so you trust that the instrument possesses the some value and thus everyone other. Bitcoin is not different, people around the world have faith in bitcoin and thus they believe that bitcoin has a certain value of $1,000 and this mutual trust is known as value.

The value of bitcoin probably depends on trust, because if the community stops trusting bitcoin, it would become like other currencies who does not have trust among people. The only thing that makes bitcoin the best and different from others is the trust coming from the people  around the world, the belief of people that bitcoin will always be of great value.

The best thing is.. you don't have to trust anyone or anything.. you just have to trust Math..
And since math can be proven its a bullet proof concept.
Its a currency backed up with Math and Calculation Power.

Yes math has crucial role in determining the price but at the same time the current price is determined by the buyers and sellers in the market and buyers purchase bitcoins because they trust that market will buy bitcoins from when buyer wish to sell so it's the mass trust which makes it valuable IMO.

the only thing that matters is "demand" and yes supply too but since supply is not changing and there is always nearly the same amount of bitcoins being sold on the market, the only other factor is going to be demand.

and that means the number of people who are investing in bitcoin.
the nice thing about bitcoin is that it doesn't belong to one nation or one group of people. instead it is global which means all the people from all around the world are going to buy bitcoin but this takes time since not everyone trust the system at first and many don't even know about it.
and as more people come in, price goes higher and higher.

the only limit is the population of the world!

[Dudeperfect]

It’s a game of trust. The currency note in your pocket has some definite value of $1 or 100 INR etc because the concerned government has agreed to pay you that respective amount so you trust that the instrument possesses the some value and thus everyone other. Bitcoin is not different, people around the world have faith in bitcoin and thus they believe that bitcoin has a certain value of $1,000 and this mutual trust is known as value.

The value of bitcoin probably depends on trust, because if the community stops trusting bitcoin, it would become like other currencies who does not have trust among people. The only thing that makes bitcoin the best and different from others is the trust coming from the people  around the world, the belief of people that bitcoin will always be of great value.

The best thing is.. you don't have to trust anyone or anything.. you just have to trust Math..
And since math can be proven its a bullet proof concept.
Its a currency backed up with Math and Calculation Power.

Yes math has crucial role in determining the price but at the same time the current price is determined by the buyers and sellers in the market and buyers purchase bitcoins because they trust that market will buy bitcoins from when buyer wish to sell so it's the mass trust which makes it valuable IMO.

the only thing that matters is "demand" and yes supply too but since supply is not changing and there is always nearly the same amount of bitcoins being sold on the market, the only other factor is going to be demand.

and that means the number of people who are investing in bitcoin.
the nice thing about bitcoin is that it doesn't belong to one nation or one group of people. instead it is global which means all the people from all around the world are going to buy bitcoin but this takes time since not everyone trust the system at first and many don't even know about it.
and as more people come in, price goes higher and higher.

the only limit is the population of the world!

Absolutely, and that’s the reason that bitcoin is getting more and more precious day by day. If we look at the past record of the price of the bitcoin then we will realize that since more and more people are showing interest in bitcoin, the demand for it is increasing so does the price. Now, since it was designed in such a way that has upper cap of 21B bitcoins, but if at that time the demand surpass the available levels of supply then the price will skyrocket for long time (currently it’s not because new bitcoins are coming in the market to satisfy demand).

[Xenophoto]

It’s a game of trust. The currency note in your pocket has some definite value of $1 or 100 INR etc because the concerned government has agreed to pay you that respective amount so you trust that the instrument possesses the some value and thus everyone other. Bitcoin is not different, people around the world have faith in bitcoin and thus they believe that bitcoin has a certain value of $1,000 and this mutual trust is known as value.

The value of bitcoin probably depends on trust, because if the community stops trusting bitcoin, it would become like other currencies who does not have trust among people. The only thing that makes bitcoin the best and different from others is the trust coming from the people  around the world, the belief of people that bitcoin will always be of great value.

The best thing is.. you don't have to trust anyone or anything.. you just have to trust Math..
And since math can be proven its a bullet proof concept.
Its a currency backed up with Math and Calculation Power.

Yes math has crucial role in determining the price but at the same time the current price is determined by the buyers and sellers in the market and buyers purchase bitcoins because they trust that market will buy bitcoins from when buyer wish to sell so it's the mass trust which makes it valuable IMO.

the only thing that matters is "demand" and yes supply too but since supply is not changing and there is always nearly the same amount of bitcoins being sold on the market, the only other factor is going to be demand.

and that means the number of people who are investing in bitcoin.
the nice thing about bitcoin is that it doesn't belong to one nation or one group of people. instead it is global which means all the people from all around the world are going to buy bitcoin but this takes time since not everyone trust the system at first and many don't even know about it.
and as more people come in, price goes higher and higher.

the only limit is the population of the world!

Or maybe the limit is the number of open minded people. There are some that don't even want to use smartphones because back in the day, they didn't have it so that means they don't need it. Those are mostly the elder people.

When we hype up bitcoins, there would still be those people that are very reluctant of everything. Bitcoin is just a currency. Does everyone use USD? No. Does everyone use Chinese Yuan? No. I think the same thing would apply to bitcoins as well. Not everyone would be using bitcoins as long as there are other options like altcoins and fiat money.

[FlightyPouch]

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.

It has a great value thats why it has a high price. And the thing is everyone wants it, or we could say that the demand is high too thats why many people are trying their best to save this cryptocurrency in an early stage. Though not everyone know it because they are focus on other things in their life.