Why is bitcoin worth? Welcome to discuss

[celested]

bitcoin is the most precious thing that happen in our society. imagine that bitcoin became so popular because of its advantages thats why bitcoin worth is very precious. we can send money through bitcoin with a low cost and also we can make money through bitcoin itself because bitcoin price is not stable and it meant to be grow not to be down.

If bitcoin is worth because of low cost and fast transactions of course this time it is not applicable because the higher the fee and the transaction slows down. That means bitcoin is no longer worth it? I think that makes bitcoin worth more than just a currency or payment option but a profitable commodity

No, bitcoin still has a great value, it is the only currency recognized by governments, so people still use it, however, it is becoming slower than any other currency. .

[@prashant]

bitcoin is the most precious thing that happen in our society. imagine that bitcoin became so popular because of its advantages thats why bitcoin worth is very precious. we can send money through bitcoin with a low cost and also we can make money through bitcoin itself because bitcoin price is not stable and it meant to be grow not to be down.

If bitcoin is worth because of low cost and fast transactions of course this time it is not applicable because the higher the fee and the transaction slows down. That means bitcoin is no longer worth it? I think that makes bitcoin worth more than just a currency or payment option but a profitable commodity

No, bitcoin still has a great value, it is the only currency recognized by governments, so people still use it, however, it is becoming slower than any other currency. .

only some country approved it,not many.bitcoin along with blockchain technology was a new and advanced concept that is needed for IT society.bitcoin gains its value through market only as people find its usage more and its application for effective towards IT sector.as bitcoin was first cryptocurrency thats why it is more popular than any other altcoin.

[denny27]

From the beginning of the history of the emergence of bitcoin, at first is not so valuable, but as time passes and more and more people recognize bitcoin its value is increasing and higher than the previous days. Proven now more and more users of bitcoin and obtain profitable results from bitcoin itself. Indeed it's as priceless if viewed only, without seeing the detail into it. Which in facting if into the deep of bitcoin can achieve big profits. If someone says bitcoin is worthless, just say so many people are now making huge profits / earning big bucks from bitcoin and being able to change a person's life, that's proven very worth.

[bitcoinisbest]

Bitcoin has grown from 2008 to 3k in 9 years. If more country start legalizing the bitcoin then its scope widens and this will be more used for buying daily stuff needs which is not happening at present. So demand will further increase and more and more people will invest in bitcoin in coming time. And this demand will push prices further up.

[Sniper150]

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.

Other people saying that because they don't care about bitcoin and also they don't really know the real meaning and value of bitcoin. Those people are judgemental they don't have any proof what they are talking about bitcoin. They are called bias instead of encouraging other people to enter the world of bitcoin is that what they are saying? A negative feedback about it. If you only knew about bitcoin there's a lot of people who have helped by bitcoin and I'm the one of that. It helps me a lot in such a way that I have an online job earning bitcoin even though I'm in my house.

[santieevanz]

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.

Based on my experience, when i first heard about bitcoins at first i don't care about them since i don't know  what and how it works but then when i found out that some of my friends are making real progress then i tried it. Therefore, i would say that the bitcoin is worth trying even i still have a little knowledge about bitcoins. Based on what i read also, the bitcoins are increasing.

[rizkyhiw]

Bitcoin has grown from 2008 to 3k in 9 years. If more country start legalizing the bitcoin then its scope widens and this will be more used for buying daily stuff needs which is not happening at present. So demand will further increase and more and more people will invest in bitcoin in coming time. And this demand will push prices further up.

the only problem we have currently is about the confirmation system ,
where we should get at least one confirmation up to three confirmation to make sure the tx won't get doubled spending ,
if you could accept a zero confirmation without have any vulnerable ,
i believe bitcoin will adopted evenly around the world faster than expected and of course more worth than just a fiat.

[wantjokull]

Bitcoin is worth $ 2.5k currently what they think of bitcoin.  Lolz. No other currency or commodity  can provide that much of value in short term investment.  Of course they said wrong thing about bitcoin and they dont recognize it.  You show them the working of blockchain technology and how the bitcoin mining,  tx and price evaluation works.  That will explain the worthiness of bitcoin automatically to your friend. 

[v0rtecxz]

Who thinks that bitcoin is worthless just to see bitcoin with one eye or just from a different point of view, they just do not know and maybe nobody tells them what bitcoin is, so it's not worth it in their eyes, yes we are back again far behind 2008 is bitcoin this year has not been much in demand and is known to many people even bitcoin has no value, but now because it is time to see how much influence from bitcoin today many of those who know bitcoin are very valuable at this time of course this development is very good , The demand for bitcoin is currently so high that prices continue to rise.

[darkangel]

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 was born long ago and is now widely known enough to find the bitcoin attractive and valuable. 1bitcoin ago you sold $ 200 now the price has tripled or even more. About the net community is that the bitcoin is increasing and will be used as cash.

[Pattart]

Bitcoin has grown from 2008 to 3k in 9 years. If more country start legalizing the bitcoin then its scope widens and this will be more used for buying daily stuff needs which is not happening at present. So demand will further increase and more and more people will invest in bitcoin in coming time. And this demand will push prices further up.

Thats true, bitcoin has grown very high even more than 2500 times the previous price at the beginning of the year. And maybe the price will be very high again if the government is willing to legalize bitcoin but what would you say to the government to legalize bitcoin and what is the advantage of bitcoin, maybe it could add to the demand

[HarleyQuinn9876]

Many thousands of years ago, people started assigning nominal value to things like gold, silver and precious stones. Called nominal value because their value is only nominal; Their direct pragmatic value is almost unrelated. People value them because they want the convenience of moving and storing assets.
Bitcoin is a type of nominal property that has never been attached to anything. History does not provide us with clear examples, and so economists lack a keen intuition and an evaluation model, they do not know how to price it. However, the price of a bitcoin will be determined as the price of anything else: through the balance between supply and demand.

[BeGoods]

bitcoin is the most precious thing that happen in our society. imagine that bitcoin became so popular because of its advantages thats why bitcoin worth is very precious. we can send money through bitcoin with a low cost and also we can make money through bitcoin itself because bitcoin price is not stable and it meant to be grow not to be down.

If bitcoin is worth because of low cost and fast transactions of course this time it is not applicable because the higher the fee and the transaction slows down. That means bitcoin is no longer worth it? I think that makes bitcoin worth more than just a currency or payment option but a profitable commodity

Bitcoin's value grows by the demand for it in the markets and so I think since more investors are looking to profit from its volatility and are thus joint day byvday that's where it's worth is actually coming from because they are constantly in demand and its astronomically shooting its prices high.

Yeah i know it, of course because of the demand that makes bitcoin prices rise .. but what makes the occurrence of demand is certainly something of bitcoin? And what is being discussed here? And many people say that demand happens because bitcoin has a fast speed of transactions and low cost?

[joganuts]

Well, for those who do not know bitcoin, of course they would think that bitcoin it has no value. but, when they have gained bitcoin, and know how it works, I am sure, they will drag their words, and would say that bitcoin is worth something, even to say, bitcoin is the best on the internet. I feel, they know very little knowledge about bitcoin.

That is actually true. For people who don't have knowledge and information about bitcoin they can find bitcoin as a worth less thing but if they will be a part of bitcoin and they have the chance to used in in transaction that is the time the they may see the future and the development of bitcoin as more worth currecy they could ever have.

[BarbieCasino]

bitcoin is the most precious thing that happen in our society. imagine that bitcoin became so popular because of its advantages thats why bitcoin worth is very precious. we can send money through bitcoin with a low cost and also we can make money through bitcoin itself because bitcoin price is not stable and it meant to be grow not to be down.

If bitcoin is worth because of low cost and fast transactions of course this time it is not applicable because the higher the fee and the transaction slows down. That means bitcoin is no longer worth it? I think that makes bitcoin worth more than just a currency or payment option but a profitable commodity

I agree with that but I must say bitcoin is better than many transaction methods. It’s a fast and known resource; you can do a lot more with it. You can even buy property in some advanced countries, in less than 2 years bit coin will be an opportunity everybody will strive to grab. Its not just money or resource but the next biggest resource of economy like oil and gold.

[mornabo]

Bitcoin has grown from 2008 to 3k in 9 years. If more country start legalizing the bitcoin then its scope widens and this will be more used for buying daily stuff needs which is not happening at present. So demand will further increase and more and more people will invest in bitcoin in coming time. And this demand will push prices further up.

Before bitcoin spreads all over the world and is used by all humans on earth I think the government will remain firm to ban bitcoin. Our task is to introduce bitcoin to the masses and this is the question, what makes the bitcoin demand rise and that will be offered to the public at large

[Skarner21]

Bitcoin has grown from 2008 to 3k in 9 years. If more country start legalizing the bitcoin then its scope widens and this will be more used for buying daily stuff needs which is not happening at present. So demand will further increase and more and more people will invest in bitcoin in coming time. And this demand will push prices further up.

Before bitcoin spreads all over the world and is used by all humans on earth I think the government will remain firm to ban bitcoin. Our task is to introduce bitcoin to the masses and this is the question, what makes the bitcoin demand rise and that will be offered to the public at large

That is why bitcoin are still not use legally because it will be still depends how many people who are using bitcoin in your country..
If many people are using bitcoin in your country accepting bitcoin locally can attract more people to use bitcoin.
Look at paris brazil and japan they are accepting bitcoin locally..
It will be still depends in the  trends.. and government i think they are don't allowed any anonymous transaction but in other country they don't care..

[Fatanut]

Bitcoin has grown from 2008 to 3k in 9 years. If more country start legalizing the bitcoin then its scope widens and this will be more used for buying daily stuff needs which is not happening at present. So demand will further increase and more and more people will invest in bitcoin in coming time. And this demand will push prices further up.

the only problem we have currently is about the confirmation system ,
where we should get at least one confirmation up to three confirmation to make sure the tx won't get doubled spending ,
if you could accept a zero confirmation without have any vulnerable ,
i believe bitcoin will adopted evenly around the world faster than expected and of course more worth than just a fiat.

How vulnerable are we to double spending, though? Someone who's sending 100$ wouldn't make an effort to buy a decent mining rig just to be able to double spend that amount of money. Regular users can't do double spending. Some might not even know about it, so you don't really have to worry about it.

Or did you mean something else about zero confirmation like real-time confirmation? That will only be achieved with a lightning network. But that's not available right now and we don't even know if that will ever be available in the future. It might be just a concept made up by people but we don't have the technology to do it.

[Harlot]

Well, for those who do not know bitcoin, of course they would think that bitcoin it has no value. but, when they have gained bitcoin, and know how it works, I am sure, they will drag their words, and would say that bitcoin is worth something, even to say, bitcoin is the best on the internet. I feel, they know very little knowledge about bitcoin.

That is actually true. For people who don't have knowledge and information about bitcoin they can find bitcoin as a worth less thing but if they will be a part of bitcoin and they have the chance to used in in transaction that is the time the they may see the future and the development of bitcoin as more worth currecy they could ever have.

It's not that they don't have any value for them, its just that they still don't see the importance of Bitcoin in our advancing world. To keep all of us noted we are the ones why Bitcoin has value as of today, what I mean about that we us consumers and investors are the ones who create the demand for Bitcoin which in turn also dictates the price of it. So in terms of demand and value Bitcoin as of today is the leading currency in both the crypto world and the fiat world.

[rodel caling]

bitcoin is the most precious thing that happen in our society. imagine that bitcoin became so popular because of its advantages thats why bitcoin worth is very precious. we can send money through bitcoin with a low cost and also we can make money through bitcoin itself because bitcoin price is not stable and it meant to be grow not to be down.

If bitcoin is worth because of low cost and fast transactions of course this time it is not applicable because the higher the fee and the transaction slows down. That means bitcoin is no longer worth it? I think that makes bitcoin worth more than just a currency or payment option but a profitable commodity

yes i agree of this topic, bitcoin helping to each bitcoiner, like pay bills,.. yes later on bitcoin popular all ever the world...