Why is bitcoin worth? Welcome to discuss

[dothebeats]

Bitcoin is worth something simply because people believe in the project and so many people have already invested millions of dollar for the tech to flourish. Also, it is a way to free us from the oppression of the banks and government from those absurdly high fees just by spending "our own" money. Imagine yourself still paying for insanely high fees just to buy something that you want for your own money, bitcoin somehow removes that.

[grandy]

Bitcoin is worth because of the reputation it have now as you can see the bitcoin is spreading all over the world and making it name as a digital currency and we know as of now the cryptocurrency. And the most is the price of the bitcoin the highest price among all currency.

The increased price and the reputation gained by the coin makes it worth. Another thing is that it is the only digital currency that was long lasting without any flaws. Even when problems arise it gets sought out in a short time span moving forward towards growth.

as we can see that most of the people are evolving in bitcoin trading therefore i think bitcoin is more worth for them. and also for those people who are using it for online shopping.

[virtualkeybuyer]

Bitcoin is worth something simply because people believe in the project and so many people have already invested millions of dollar for the tech to flourish. Also, it is a way to free us from the oppression of the banks and government from those absurdly high fees just by spending "our own" money. Imagine yourself still paying for insanely high fees just to buy something that you want for your own money, bitcoin somehow removes that.

Yes because of the concept of freedom a large number of people from all over the world are invest their wealth in this current and this is a situation that bitcoin cannot be worthless in any way. But with the increase of awareness the strength will increase.

[BeGoods]

I think because bitcoin is different from the others, cryptocurrency? maybe people would be a little strange when you first knew that's why when the user wants to buy bitcoin in 2009 and it continues making bitcoin to worth and continue to rise

[X-ray]

Bitcoin is worth because of the reputation it have now as you can see the bitcoin is spreading all over the world and making it name as a digital currency and we know as of now the cryptocurrency. And the most is the price of the bitcoin the highest price among all currency.

The increased price and the reputation gained by the coin makes it worth. Another thing is that it is the only digital currency that was long lasting without any flaws. Even when problems arise it gets sought out in a short time span moving forward towards growth.

Yes bitcoin recovers fast from its problem because of the big community behind it that ready to help and give ideas in order to solve the problem as soon as possible. Bitcoin is the only cryptocurrency that is older than others and still stand out because of its reputation in the long run so that is why people still choose bitcoin even though it is more expensive than others.

It's not caused by the big community, but the good news of bitcoin gives FOMO bitcoin to the market which mean the bitcoin recover its price with faster rather than the previous history of the bitcoin ETF impact.
You can see more good news will come to the community and FOMO will be continue. FOMO of bitcoin is reall!!!!

[andrei56]

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 us simply put things this way anything and I mean anything will have value as long as there is a demand for the thing/item. It is how people want it or rather how many people want it that makes it more valuable. For example a lot of as when we look as Comics we first see is that it is worthless but if you are in the right market and you have a rare comic book then for them it will be valuable. Same as Bitcoin the price of Bitcoin is based on the demand of it.

I disagree with the anything part, you give the example of comics, but comics are a form of art that comes from the US, similar to manga that comes from Japan, comics are not the Mona Lisa but are still a valid form of art and a way to express ourselves.

[Gotottack]

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 us simply put things this way anything and I mean anything will have value as long as there is a demand for the thing/item. It is how people want it or rather how many people want it that makes it more valuable. For example a lot of as when we look as Comics we first see is that it is worthless but if you are in the right market and you have a rare comic book then for them it will be valuable. Same as Bitcoin the price of Bitcoin is based on the demand of it.

I disagree with the anything part, you give the example of comics, but comics are a form of art that comes from the US, similar to manga that comes from Japan, comics are not the Mona Lisa but are still a valid form of art and a way to express ourselves.

I don't get why you dispute the point about comic books being valuable. It is valuable for your information. Try googling how much Superman #1 was auctioned off, see for yourself how much it was worth. You basically did not even have any point in your post. Like what Theb is saying, we value things not because of their use or what, but it depends on the person buying the thing. If he values it that much, it is his choice.

[choppork]

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 us simply put things this way anything and I mean anything will have value as long as there is a demand for the thing/item. It is how people want it or rather how many people want it that makes it more valuable. For example a lot of as when we look as Comics we first see is that it is worthless but if you are in the right market and you have a rare comic book then for them it will be valuable. Same as Bitcoin the price of Bitcoin is based on the demand of it.

I disagree with the anything part, you give the example of comics, but comics are a form of art that comes from the US, similar to manga that comes from Japan, comics are not the Mona Lisa but are still a valid form of art and a way to express ourselves.

I don't get why you dispute the point about comic books being valuable. It is valuable for your information. Try googling how much Superman #1 was auctioned off, see for yourself how much it was worth. You basically did not even have any point in your post. Like what Theb is saying, we value things not because of their use or what, but it depends on the person buying the thing. If he values it that much, it is his choice.

That's the case with auctions. If buyers value that thing so much, the price will go up. But most of the time the price of something depends on how much other people are selling it. You can't sell a bitcoin for $1500 just because you value it. But if you're the only seller of bitcoin, then surely you can name the price by yourself. Although that's not the case.

Superman #1 costs a lot since it's the first one. The price has increased because it was auctioned (like I said). But back in the day when you can easily get these issue of Superman comics, the price is much lower. Just like in bitcoins, back then they were almost bargaining bitcoins. You can get thousands of bitcoins for a low price. But today, even one bitcoin is worth a thousand dollars. Not because it's hard to get bitcoins nor is it auctioned off, but because it's how much other people are selling it (aka market price).

[deisik]

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 us simply put things this way anything and I mean anything will have value as long as there is a demand for the thing/item. It is how people want it or rather how many people want it that makes it more valuable. For example a lot of as when we look as Comics we first see is that it is worthless but if you are in the right market and you have a rare comic book then for them it will be valuable. Same as Bitcoin the price of Bitcoin is based on the demand of it.

I disagree with the anything part, you give the example of comics, but comics are a form of art that comes from the US, similar to manga that comes from Japan, comics are not the Mona Lisa but are still a valid form of art and a way to express ourselves.

I don't get why you dispute the point about comic books being valuable. It is valuable for your information. Try googling how much Superman #1 was auctioned off, see for yourself how much it was worth. You basically did not even have any point in your post. Like what Theb is saying, we value things not because of their use or what, but it depends on the person buying the thing. If he values it that much, it is his choice

This is called personal use which reflects the value system of a certain individual

But since all people basically possess the same traits, they value the same things. Apart from that, the values of a certain item or piece also greatly depends on how many of these items the person in question already has got or has access to (this is called marginal utility). Obviously, if someone has plenty of apples he won't value an extra apple very much (hence the word marginal) even though the apples can be valued pretty high in general

[Harlot]

The simple answer to that is Bitcoin or anything will have value because it has demand.  From the start prices or value of something is always determined by the supply and the demand. Bitcoin has both Bitcoin has a limited supply at the same time a high demand because everyday there are users who wants to try out Bitcoin therefore having its price right now which is 1200$. Anything and I mean anything even rare coins from the past has value because of the demand of their collectors without demand we won't be seeing Bitcoin anymore in the internet.

[Fatanut]

The simple answer to that is Bitcoin or anything will have value because it has demand. From the start prices or value of something is always determined by the supply and the demand. Bitcoin has both Bitcoin has a limited supply at the same time a high demand because everyday there are users who wants to try out Bitcoin therefore having its price right now which is 1200$. Anything and I mean anything even rare coins from the past has value because of the demand of their collectors without demand we won't be seeing Bitcoin anymore in the internet.

Not really, there's a market type called monopsony where there's only one buyer and there's many sellers. The price is not dictated by the supply/demand but rather by how much one of the sellers can go down. Obviously, the price will go down so much since there's only one buyer and price decrease is the buyer's advantage. Supply and demand market only happens when there's plenty of buyers that share the same marketplace.

I also disagree that "without demand, we won't be seeing bitcoin anymore in the Internet". Bitcoin will not just vanish, or any other item for that matter, just because there's no more demand to it. It will simply be removed from the picture (or the market) but it surely will continue existing in the world and you can find it if you know where to look.

[Noctis Connor]

bitcoin is so worth it because it is a decentralized currency and also its not stable as we know because its always raising and also not also decreasing that much thats why i found bitcoin is so profitable than investing in other things. investing or buying bitcoin is considered as self investing because bitcoin always raising its price before the end of the month

[sevendust777]

Bitcoin worth for me because I take advantage on it by earning here using bitcoin. It is worth because most people invested in bitcoin due to its price is fluctuating. However, I believe bitcoin will has its future abd really worth the risks to invest.

[onrise]

It's getting more worth beacuse it is helping the people in thier business , in money transferring to other country due to quick and low cost . It's easy to use and safe to keep as well .

[Dimelord]

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.

Just like gold,it is a piece of metal yellow in colour.But based on the trust people kept in it and based on the money they are ready to pay for gold,gold derived its value.Same is the case with bitcoin.Bitcoin derives its value based on the peoples trust.Also,greater the demand its price increases more.More over,its supply is also limited.Hence after 21 millin coins mined,there would be no new coin available and only old coins has to be circulated.So its logic for people to think that its price would rise in future and hence buy more bitcoins.

[deisik]

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.

Just like gold,it is a piece of metal yellow in colour.But based on the trust people kept in it and based on the money they are ready to pay for gold,gold derived its value.Same is the case with bitcoin.Bitcoin derives its value based on the peoples trust.Also,greater the demand its price increases more.More over,its supply is also limited.Hence after 21 millin coins mined,there would be no new coin available and only old coins has to be circulated.So its logic for people to think that its price would rise in future and hence buy more bitcoins.

Gold doesn't derive its value from trust

People trust iron no less than they trust gold. Most certainly, they trust stainless steel even more than they trust gold for most practical purposes. It should be clear that trust is an important or required attribute but it is not sufficient for something to get value. Gold gets its value from its properties and qualities (basically, because people love its shine and heavy). The same with Bitcoin, apart from people trusting it, it should also have some purpose or utility to make it worthy. Bitcoin is a payment system, pretty fast and relatively cheap (at least, till recent) and this is the source of its value. The law of gravity is likely the most trusted thing on Earth but it is not used as money simply because it lacks other required features

[Xester]

bitcoin is so worth it because it is a decentralized currency and also its not stable as we know because its always raising and also not also decreasing that much thats why i found bitcoin is so profitable than investing in other things. investing or buying bitcoin is considered as self investing because bitcoin always raising its price before the end of the month

The volatility of bitcoin and its capacity of rising in value is what millions of users around the world loves. It means huge profit and that is what we are waiting for. This year we are hoping for another increase in bitcoins value and that it will reach 2k dollars. Bitcoin is a life saver the more it increases in value the more I can provide the needs of my family.

[andrei56]

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 us simply put things this way anything and I mean anything will have value as long as there is a demand for the thing/item. It is how people want it or rather how many people want it that makes it more valuable. For example a lot of as when we look as Comics we first see is that it is worthless but if you are in the right market and you have a rare comic book then for them it will be valuable. Same as Bitcoin the price of Bitcoin is based on the demand of it.

I disagree with the anything part, you give the example of comics, but comics are a form of art that comes from the US, similar to manga that comes from Japan, comics are not the Mona Lisa but are still a valid form of art and a way to express ourselves.

I don't get why you dispute the point about comic books being valuable. It is valuable for your information. Try googling how much Superman #1 was auctioned off, see for yourself how much it was worth. You basically did not even have any point in your post. Like what Theb is saying, we value things not because of their use or what, but it depends on the person buying the thing. If he values it that much, it is his choice.

My point was that there are more than one way to value things, not only monetary value, a comic book that is worth just a few dollars and will never be worth more than that has value not only in terms of dollars but also in terms of artistic vision.

[Fatanut]

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 us simply put things this way anything and I mean anything will have value as long as there is a demand for the thing/item. It is how people want it or rather how many people want it that makes it more valuable. For example a lot of as when we look as Comics we first see is that it is worthless but if you are in the right market and you have a rare comic book then for them it will be valuable. Same as Bitcoin the price of Bitcoin is based on the demand of it.

I disagree with the anything part, you give the example of comics, but comics are a form of art that comes from the US, similar to manga that comes from Japan, comics are not the Mona Lisa but are still a valid form of art and a way to express ourselves.

I don't get why you dispute the point about comic books being valuable. It is valuable for your information. Try googling how much Superman #1 was auctioned off, see for yourself how much it was worth. You basically did not even have any point in your post. Like what Theb is saying, we value things not because of their use or what, but it depends on the person buying the thing. If he values it that much, it is his choice.

My point was that there are more than one way to value things, not only monetary value, a comic book that is worth just a few dollars and will never be worth more than that has value not only in terms of dollars but also in terms of artistic vision.

I really don't think we should be comparing bitcoins to a rare comic book since they are two completely different things. What makes bitcoin have a good price is the fact that it's how much it has increased built by supply and demand. While a rare comic book, although also built by supply and demand, has a very high price because the demand is very few. You don't see bitcoin being auctioned off since you can get it from a lot of places. There's no "artistic vision" or some sentimental value for bitcoins, only pure supply and demand going on.

In a way, the price of them was built by almost the same way - by how much people are willing to pay for it. But the price of something that's auctioned off can get really high even when just there are two rich parties battling to get the item. On the other hand, the price of bitcoin depends on the buy/sell order and a lot of people are having deals with each other.

[AK47-]

Bitcoin is designed and implemented in a way that it can serve as something that can have value, and because people find useful to utilize those features and believe that other people will continue to use it in the future. Moreover, Value is generally a agreement between the buyer and seller.