Why is bitcoin worth? Welcome to discuss

[Fatanut]

Investors and nonprofessional people have different thinking about bitcoin. But in my thinking now bitcoin is still worth-able and its price groow above $1000. So we have no argue to discuss about bitcoin price value. In my eyes, bitcoin already achieved a successful place and now it is depend on ourself how we gain and make profit from bitcoin.   

Succesfull for a currency in my perspective is not determined on how much the coin's value is, but how's its coverage and usage in this world. It's no use if there's some altcoins which have overwhelming value but only be used among communities which coverage is low. It's ain't real currency but more likely a valuable digital properties.

right , you can see there's altcoin named bitcoinplus and looks onfire in the last few days have a value 0.004 jump to 0.12 within a day but dropped again to 0.03 in the same day. why it's happened? the community/user come to take advantage only , while in bitcoin it has well established enough compared to other cryptocurrency and people make it as future investment plan. 100% agree with you.

How about when the price of bitcoin reached $1200 and then it went back to $200? Maybe it didn't happen in the same day, but it did happen. It's the people realizing the actual worth of what they bought. At that time, bitcoin was starting to get so hyped up that people are buying and buying more bitcoins. And then when the hype was over, there's not that much support going in (unlike now when bitcoin starts to go down, some people are preventing it to go down even more by buying or by putting a huge sell order at a certain price) so the price went back down to $200.

That's just how all of these cryptocurrencies get a much higher price anyway. Because of the hype.

[mace15]

Some says bitcoin not worth it to learn, to risks for money but I think they said its not worth because they are not ready to learn and not ready to earn in this kind of digital currency. However, bitcoin really worth my effort, my dedication to spend time becasue through this I earned money well.

[Vaskiy]

Some says bitcoin not worth it to learn, to risks for money but I think they said its not worth because they are not ready to learn and not ready to earn in this kind of digital currency. However, bitcoin really worth my effort, my dedication to spend time becasue through this I earned money well.

Well the worthiness of an product or asset is decided based on the benefits the user experience from it. One who is part of it always trust it and the people who lack in knowledge about it will say it as an scam or something just because of misunderstanding. This will eventually change when they too get benefited.

[darthmaul]

Someone really said that ? I believe he does not know b if bitcoin   There are millions of people who already know power of bitcoin. Bitcoin is worth due to it's take over nature in any situation. Meaning bitcoin is crypto currency which is unidirectional and it keeps going up and up on price chart of trade market. Which is best thing and gives bitcoin more broader stage to evolve itself. Many critics says bitcoin is so worthy that it may reach remarkable price of 100k one day. If this really happens then it may known as king of all currencies. :-) So yes bitcoin is worthy for all the above reasons. And tell you what there are many more of them

[deisik]

Investors and nonprofessional people have different thinking about bitcoin. But in my thinking now bitcoin is still worth-able and its price groow above $1000. So we have no argue to discuss about bitcoin price value. In my eyes, bitcoin already achieved a successful place and now it is depend on ourself how we gain and make profit from bitcoin.   

Succesfull for a currency in my perspective is not determined on how much the coin's value is, but how's its coverage and usage in this world. It's no use if there's some altcoins which have overwhelming value but only be used among communities which coverage is low. It's ain't real currency but more likely a valuable digital properties.

right , you can see there's altcoin named bitcoinplus and looks onfire in the last few days have a value 0.004 jump to 0.12 within a day but dropped again to 0.03 in the same day. why it's happened? the community/user come to take advantage only , while in bitcoin it has well established enough compared to other cryptocurrency and people make it as future investment plan. 100% agree with you.

How about when the price of bitcoin reached $1200 and then it went back to $200? Maybe it didn't happen in the same day, but it did happen. It's the people realizing the actual worth of what they bought. At that time, bitcoin was starting to get so hyped up that people are buying and buying more bitcoins. And then when the hype was over, there's not that much support going in (unlike now when bitcoin starts to go down, some people are preventing it to go down even more by buying or by putting a huge sell order at a certain price) so the price went back down to $200

Both the price rise and the price fall were not due to hype back then

Hype itself was only a consequence that followed severe market manipulation at Mt. Gox in those times. If most coins hadn't been there like they are not today at just one exchange, the price, first, wouldn't rise that high in the first place, and, second, wouldn't fall that low afterwards. The price manipulation going on at one exchange would be rather limited and short lived at that since it would quickly have become known that it was impossible to withdraw coins from Mt. Gox (and Mt. Gox would collapse a lot faster). Further, since the coins that got stolen at Mt. Gox would have been distributed between many exchanges, the collapse of just one exchange wouldn't have led to drastic price decline as it happened in reality

[TicTacTic]

Investors and nonprofessional people have different thinking about bitcoin. But in my thinking now bitcoin is still worth-able and its price groow above $1000. So we have no argue to discuss about bitcoin price value. In my eyes, bitcoin already achieved a successful place and now it is depend on ourself how we gain and make profit from bitcoin.   

Succesfull for a currency in my perspective is not determined on how much the coin's value is, but how's its coverage and usage in this world. It's no use if there's some altcoins which have overwhelming value but only be used among communities which coverage is low. It's ain't real currency but more likely a valuable digital properties.

right , you can see there's altcoin named bitcoinplus and looks onfire in the last few days have a value 0.004 jump to 0.12 within a day but dropped again to 0.03 in the same day. why it's happened? the community/user come to take advantage only , while in bitcoin it has well established enough compared to other cryptocurrency and people make it as future investment plan. 100% agree with you.

How about when the price of bitcoin reached $1200 and then it went back to $200? Maybe it didn't happen in the same day, but it did happen. It's the people realizing the actual worth of what they bought. At that time, bitcoin was starting to get so hyped up that people are buying and buying more bitcoins. And then when the hype was over, there's not that much support going in (unlike now when bitcoin starts to go down, some people are preventing it to go down even more by buying or by putting a huge sell order at a certain price) so the price went back down to $200

Both the price rise and the price fall were not due to hype back then

Hype itself was only a consequence that followed severe market manipulation at Mt. Gox in those times. If most coins hadn't been there like they are not today at just one exchange, the price, first, wouldn't rise that high in the first place, and, second, wouldn't fall that low afterwards. The price manipulation going on at one exchange would be rather limited and short lived at that since it would quickly have become known that it was impossible to withdraw coins from Mt. Gox (and Mt. Gox would collapse a lot faster). Further, since the coins that got stolen at Mt. Gox would have been distributed between many exchanges, the collapse of just one exchange wouldn't have led to drastic price decline as it happened in reality

If manipulations are carried out at the auction of crypto-currency, then it is purely nominal that it is no longer necessary to speak about the absence of influence on bitcoin from outside. If there was legal support bitcoin, so that this did not happen, then many users would be happy.

[Kimi80]

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 price directly shows how valuable bitcoin is in many different currencies, also with bitcoin you can buy properties and other material stuff. That represents the value of bitcoin, by that not just your heart is right you can back up that with facts and evidences.
Miners and users represents bitcoin, and one can not work without other, its how I understand bitcoin economy, and more people involved means more transactions more fee`s, more profit for miners, everyone is happy that we avoid system and that is the origin of bitcoin value in my non professional opinion.

[batang_bitcoin]

Some says bitcoin not worth it to learn, to risks for money but I think they said its not worth because they are not ready to learn and not ready to earn in this kind of digital currency. However, bitcoin really worth my effort, my dedication to spend time becasue through this I earned money well.

Those people that are saying that bitcoin isn't worth it to learn are out of this world and doesn't put interest to the new things that can give them fortune. But however, it's good to all of us that we are here in bitcoin and it's very worth to us as we know that it is giving us some decent amount of profit on whatever our source is.

[rickadone]

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 price directly shows how valuable bitcoin is in many different currencies, also with bitcoin you can buy properties and other material stuff. That represents the value of bitcoin, by that not just your heart is right you can back up that with facts and evidences.
Miners and users represents bitcoin, and one can not work without other, its how I understand bitcoin economy, and more people involved means more transactions more fee`s, more profit for miners, everyone is happy that we avoid system and that is the origin of bitcoin value in my non professional opinion.

This question was asked a lot before, and simply the bitcoin is worth because people believe that it has potential to change the idea of using money and paying online even if in the future we can’t use bitcoin as a worldwide currency.

The idea that it bring the technology that created can be used to create a similar currency that we all agree on using, and people are liking this idea and they wanted to develop that is why they invest in bitcoin.

[jossiel]

Some says bitcoin not worth it to learn, to risks for money but I think they said its not worth because they are not ready to learn and not ready to earn in this kind of digital currency. However, bitcoin really worth my effort, my dedication to spend time becasue through this I earned money well.

Maybe those people that are saying that bitcoin isn't worth to learn are the ones that has a bad experience with bitcoin.

Maybe they knew bitcoin already and tried to invest into but they invested into a wrong site which is a ponzi scheme and ended up scammed.

But for me, bitcoin is a real deal and it's very worth it to all of us. If you are unemployed you can have a lot of opportunities in it.

It will just depend on how hard working you are.

[Dimelord]

I ask you a question, why does gold have value? Because over time it was socially accepted that gold for n reasons had some value and when it is traded at a price that the seller wants to sell and the buyer wants to buy it is there its value. Bitcoin has this value because people believe it has value, simply that. If everyone thinks equal to who told you that he has no value, he really will not have it.

Obviously,just like gold,bitcoin's value is determined based on the people's trust on it and how much they are willing to pay for it.At first,it would be surprising to know that 10,000 BTCs were used to buy indierctly two pizzas delivered by papa johns.Later,people knew its potential and were ready to pay more for buying bitcoins.Now,it has reached around $1070.

[Kasabus]

I ask you a question, why does gold have value? Because over time it was socially accepted that gold for n reasons had some value and when it is traded at a price that the seller wants to sell and the buyer wants to buy it is there its value. Bitcoin has this value because people believe it has value, simply that. If everyone thinks equal to who told you that he has no value, he really will not have it.

Obviously,just like gold,bitcoin's value is determined based on the people's trust on it and how much they are willing to pay for it.At first,it would be surprising to know that 10,000 BTCs were used to buy indierctly two pizzas delivered by papa johns.Later,people knew its potential and were ready to pay more for buying bitcoins.Now,it has reached around $1070.

You never knew the future that's why we are just speculating based on the potential of bitcoin, also we can consider some altcoins nowadays that has a potential to replace the popularity of bitcoin in the future to come. For now, bitcoin is the most popular and the most valuable crypto currency and it's really worth because overtime the value will grow based on our expectation, we are a big community already and getting bigger which I believe will lead to positive effect on bitcoin.

[Xester]

Some says bitcoin not worth it to learn, to risks for money but I think they said its not worth because they are not ready to learn and not ready to earn in this kind of digital currency. However, bitcoin really worth my effort, my dedication to spend time becasue through this I earned money well.

If its about getting more income from bitcoin then I will not go against it since at this point of time my number one source of income is coming from bitcoin. It is what provides my family with food to eat everyday as well as medicine and other needs. Bitcoin means profit and possibly if I am lucky I can construct my own house later on.

[DoublerHunter]

Why bitcoin is worth? Because it has a lot of features that can help for different kind of people to make their daily life easier because bitcoin can be only done through internet and it can make paying some bills or fees to other stores easily and hassle free because you just need to pay it in the internet.

[SikatBray]

The essence of value comes from demand, demand comes from usability, usability comes from features. And bitcoin is the wonder packed in coding. Thus, it deserves value and value will increase overtime, believe me.

[Erza]

Investors and nonprofessional people have different thinking about bitcoin. But in my thinking now bitcoin is still worth-able and its price groow above $1000. So we have no argue to discuss about bitcoin price value. In my eyes, bitcoin already achieved a successful place and now it is depend on ourself how we gain and make profit from bitcoin.    

Succesfull for a currency in my perspective is not determined on how much the coin's value is, but how's its coverage and usage in this world. It's no use if there's some altcoins which have overwhelming value but only be used among communities which coverage is low. It's ain't real currency but more likely a valuable digital properties.

right , you can see there's altcoin named bitcoinplus and looks onfire in the last few days have a value 0.004 jump to 0.12 within a day but dropped again to 0.03 in the same day. why it's happened? the community/user come to take advantage only , while in bitcoin it has well established enough compared to other cryptocurrency and people make it as future investment plan. 100% agree with you.

Nope, you are wrong, most people are trading altcoin just to get fast income like gambling itself. When the coin is being pumped it will skyrocketting so your profit will be double or even triple. Mean while bitcoin itself is not fully investment or trading. That is why we can see some fluctuation sometime which is profitable for the one that trade it daily. But still it is worth to do altcoin, the problem is you need to choose which coin is going to be pumped

[Fatanut]

Investors and nonprofessional people have different thinking about bitcoin. But in my thinking now bitcoin is still worth-able and its price groow above $1000. So we have no argue to discuss about bitcoin price value. In my eyes, bitcoin already achieved a successful place and now it is depend on ourself how we gain and make profit from bitcoin.   

Succesfull for a currency in my perspective is not determined on how much the coin's value is, but how's its coverage and usage in this world. It's no use if there's some altcoins which have overwhelming value but only be used among communities which coverage is low. It's ain't real currency but more likely a valuable digital properties.

right , you can see there's altcoin named bitcoinplus and looks onfire in the last few days have a value 0.004 jump to 0.12 within a day but dropped again to 0.03 in the same day. why it's happened? the community/user come to take advantage only , while in bitcoin it has well established enough compared to other cryptocurrency and people make it as future investment plan. 100% agree with you.

Nope, you are wrong, most people are trading altcoin just to get fast income like gambling itself. When the coin is being pumped it will skyrocketting so your profit will be double or even triple. Mean while bitcoin itself is not fully investment or trading. That is why we can see some fluctuation sometime which is profitable for the one that trade it daily. But still it is worth to do altcoin, the problem is you need to choose which coin is going to be pumped

But what do you suggest bitcoin fully is? Bitcoin might not be full an investment for trading but it mostly is. If we use bitcoin only as a currency and not an investment, there will be a very low market cap because not everyone will be interested. People are here because of bitcoin's volatility and anyone can make money from bitcoin by just buying at the right price or by holding for a long time.

Personally, I'm not even using bitcoins that much. Only some occasional "I want to buy something online" stuffs because there's not that much merchants that accept bitcoins as of today. But I still have bitcoins because I'm waiting for the price to increase anymore, thus, I'm usnig bitcoins as investment.

[hankyulpark]

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.

As many persons here already stated, BTC worth is equal its utility to the person who holds it. It can be as wealth storage, as a cheaper transfer method between two fiat currencies, as a payment method for purchased goods.
Why BTC value increases? It has a limited supply. When there is too much demand for an item (I'm looking at you Switch), the price rises. When nobody cares, the value drops.

[BitDane]

Some says bitcoin not worth it to learn, to risks for money but I think they said its not worth because they are not ready to learn and not ready to earn in this kind of digital currency. However, bitcoin really worth my effort, my dedication to spend time becasue through this I earned money well.

Maybe those people that are saying that bitcoin isn't worth to learn are the ones that has a bad experience with bitcoin.

Maybe they knew bitcoin already and tried to invest into but they invested into a wrong site which is a ponzi scheme and ended up scammed.

But for me, bitcoin is a real deal and it's very worth it to all of us. If you are unemployed you can have a lot of opportunities in it.

It will just depend on how hard working you are.

Probably they are cynical enough and think that Bitcoin is one big Ponzi scheme (though it is not) because of the scenario where people took profit from the incoming investors and sell their coins higher than what they bought it.  Another thing is that these people rely on the decision of their country so more probably their country does not recognize Bitcoin and so they follow it.

[Wowcoin]

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.

Yes exactly bitcoin price or value will rise you know why because bitcoin launch year 2009 the value of bitcoin that time is 1$. As you can see bitcoin now is 1000$+ so bitcoin is so worth it. If you buy bitcoin in that year i think now you are rich.