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Author Topic: Why is bitcoin worth? Welcome to discuss  (Read 12948 times)
guoyu78
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July 10, 2017, 11:17:49 PM
 #261

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.

People who don't understand the value of a dollar and a bad peer group can lead people to make dumb decisions are they Financially Independent or do they live pay check to pay check you want to listen to the people who are the most successful as they will return growth in the long run, and fake it till you make it.

It's utility is the ledger a record that requires no oversight other than miners to utilize it, services build around it because its lightweight and getting easier to transact with and people use it because they like the idea of their own control without oversight and fees. We are early yet so the value will keep on rising.
I guess your explanation has clearly justified the worth of bitcoins and perks of holding to them for a long a time. People are immensely attracted by its features that giving it edge over paper money. As far as those people are concerned not investing in bitcoins just because it appears fake to them, are really in loss.
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July 10, 2017, 11:39:00 PM
 #262

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.

People who don't understand the value of a dollar and a bad peer group can lead people to make dumb decisions are they Financially Independent or do they live pay check to pay check you want to listen to the people who are the most successful as they will return growth in the long run, and fake it till you make it.

It's utility is the ledger a record that requires no oversight other than miners to utilize it, services build around it because its lightweight and getting easier to transact with and people use it because they like the idea of their own control without oversight and fees. We are early yet so the value will keep on rising.
I guess your explanation has clearly justified the worth of bitcoins and perks of holding to them for a long a time. People are immensely attracted by its features that giving it edge over paper money. As far as those people are concerned not investing in bitcoins just because it appears fake to them, are really in loss.

It appears fake to them because they do not have any knowledge about bitcoin and they are not searching about the legality of bitcoin as the internet is full of the evidence of bitcoin uses and its users claiming for its benefits. Not they have any person who teach them about bitcoin.

I will say that it is our responsibility that we spread the news of bitcoin everywhere. I know that if we start from today and tell about bitcoin to each and every person around us then the community of bitcoin will increase much more.
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July 11, 2017, 01:25:03 AM
 #263

Value of something depends upon its demand in the market, gold have reached to its value due to its high demand in the world. Bitcoin is not that much popular because majority of world is not aware of it but hopefully in future it will get its place what it deserves, because i haven't seen such potential in any currency of the world which bitcoin has.

So in effect Bitcoin is worthy or worth something because of its demand on the market. With the current growth in interest all over the world it places Bitcoin in a vantage position to keep gaining value sporadically as it is currently doing.


Yeah that is the sad truth behind the popularity of bitcoin. Many people are just interested in using bitcoin because of its value in the market. I like bitcoin because of its great use in online transactions plus the fact that I can earn it by joining signature campaigns and altcoins. I am still a student so bitcoin has been my savings that I can use whenever I needed some money for my school projects, field trips and etc. I also give some money to my parents whenever I have earned big from altcoins.

I like bitcoin because it makes me feel useful and I like it when I want to buy something that I want and the money that I used to buy it comes from my own sweat and effort.

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July 11, 2017, 03:14:35 AM
 #264

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 very simple question and I think no need to elaborate it. Just to think only that if bitcoin will increase and has potential in the future it will really become a high value in the near future. So, if this things has no value at all, I agreed you are right! this was only no value to those people who believe in bitcoin.
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July 11, 2017, 05:32:16 AM
 #265

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 very simple question and I think no need to elaborate it. Just to think only that if bitcoin will increase and has potential in the future it will really become a high value in the near future. So, if this things has no value at all, I agreed you are right! this was only no value to those people who believe in bitcoin.
We may have different purpose in using bitcoin but we all know it's worth.
For me it has already became a passion because I quit my day job just to focus on my journey with bitcoin.
Here, there is not limit of opportunities and we will see the outcome of our real effort so it's really good for me I chosen that decision.
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July 11, 2017, 08:19:54 AM
 #266

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

This is not quite so

In fact, Litecoin has already implemented both SegWit and Lightning Network. While this coin hasn't yet reached the stage of actually using payment channels in practice for every other transaction, the technology is certainly already there, and, what's more, it has already been tested. I've even heard about a few startups aiming specifically at exploiting the opportunities that Lightning Network provides. Indeed, there can be some issues when we actually come to heavy use of this technology (so called real-life, or real-world application), but these should be mostly minor ones anyway and they will get fixed without raising much ado or argument

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August 17, 2017, 08:43:48 PM
 #267

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.
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August 18, 2017, 02:14:51 AM
 #268

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 is worth working for, it can sustain you a money that buildings cant do, it make us free from centralized system that we actually being accept for our daily lives just to survive, bitcoin is worth it in the sense that the money you earn will name for you no one has the capability to take it because bitxoi  is decentralized and power were equally distributed for each forum users .
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August 18, 2017, 03:03:55 AM
 #269

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 is worth working for, it can sustain you a money that buildings cant do, it make us free from centralized system that we actually being accept for our daily lives just to survive, bitcoin is worth it in the sense that the money you earn will name for you no one has the capability to take it because bitxoi  is decentralized and power were equally distributed for each forum users .
that was great i strongly agree on you.bitcoin is worth to  discuss  because we can gain a experience on it.it can provide us income and at the same  time it can teach us a lesson that gives us  an experience that we can used in gaining more profit in the future.
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August 18, 2017, 03:06:55 AM
 #270

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 it is because how people interested in bitcoin day by day increasing makes the demand always there to be filled and since bitcoin are fixed in supply it will make bitcoin become the most wanted rare and expensive guaranteed in the future .

it is really makes sense isn't it why the value of bitcoin getting worth and worthy ?

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August 20, 2017, 05:59:08 PM
 #271

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 it is because how people interested in bitcoin day by day increasing makes the demand always there to be filled and since bitcoin are fixed in supply it will make bitcoin become the most wanted rare and expensive guaranteed in the future .

it is really makes sense isn't it why the value of bitcoin getting worth and worthy ?
There is no doubt that bitcoins are available in limited amount and their value will pump hard when the users will increase since the value of commodity depends on its market demand. We can easily see the increasing number of bitcoin users on daily basis. Soon bitcoins will become the most precious assets of the world.
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August 20, 2017, 06:28:45 PM
 #272

Bitcoin is getting more valuable because more people are investing in to it, and the more people invested in to bitcoin the more valuable bitcoin is going to be. Cool

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August 20, 2017, 07:22:02 PM
 #273

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 is valuable. If bitcoin is not there, we rely on something to change Bitcoin to cash. Although Bitcoin is a virtual currency, it has real value, so you can use it for trading, trading or paying.

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August 20, 2017, 08:37:07 PM
 #274

In my opinion, bitcoin prices will continue to increase if bitcoin demand is greater than supply, certainly this will lead to rise in bitcoin prices. And with more people using bitcoin there will be more transactions on bitcoin so the bitcoin supply decreases and the price may increase drastically if bitcoin supply is already in the hands of each user.
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September 27, 2017, 07:28:18 AM
 #275

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 do agree with your opinion, I also do not think that bitcoin is no value. For me, just like a fiat, real money or any physical money bitcoin has a value just like a real money when you exchange it. Bitcoin is valuable, we need to exchange it to cash to see its value. Even though bitcoin is a digital currency in other countries they accept bitcoin as payment or in any transaction so it has a value.

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October 05, 2017, 11:54:16 AM
 #276

He probably said because he has no single idea about Bitcoin. Because if it does not have any value, then why waste time here right? Everything has its value in this world. Lets keep that in mind , even those small things. But bitcoin is big and will become popular soon

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October 05, 2017, 04:33:57 PM
 #277

It is worth because bitcoin represents money, meaning it has its value, and its very useful. It allow us to transfer money from person to person without any third party involve. It is one of the largest and most elegant exchange the world has ever seen.
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October 05, 2017, 05:49:10 PM
 #278

It is worth because bitcoin represents money, meaning it has its value, and its very useful. It allow us to transfer money from person to person without any third party involve. It is one of the largest and most elegant exchange the world has ever seen.

Bitcpoin is the most valuable on so it's a digital currency it will give more opportunity for the income process and development. Bitcoin process is changing day by day it is the future business investment for the profit. You will get more opportunity. Bitcoin is the best in the business online and believe the bitcoin for the future investing online and income.

 
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October 05, 2017, 05:50:18 PM
 #279

Bitcoins are a crypto-currency.  That means they can be used like a currency, but don't physically exist like dollar bills.  They are an online currency which can be used to buy things.  They are digital cash that exist as bits on people's computers.  You can't put them in a drawer, like dollar bills or gold Krugerrands.  Bitcoins are used to complete transactions - just like any currency.  Even though they are virtual, rather than physical, they are used like cash when transferred between people through the web.
Being virtual is not inherently a bad thing.  The dollars on our financial institution statement, viewed online, are considered real money, even though those are just digital dollars.  The fact that Bitcoins aren't available in physical form is not really a downside, any more than the numbers on your financial statement are not available as physical currency either. Just like we use credit cards or debit cards to transfer value, Bitcoins can be spent in many locations, just like dollars.
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October 05, 2017, 05:53:36 PM
 #280

It is worth because bitcoin represents money, meaning it has its value, and its very useful. It allow us to transfer money from person to person without any third party involve. It is one of the largest and most elegant exchange the world has ever seen.

Bitcpoin is the most valuable on so it's a digital currency it will give more opportunity for the income process and development. Bitcoin process is changing day by day it is the future business investment for the profit. You will get more opportunity. Bitcoin is the best in the business online and believe the bitcoin for the future investing online and income.
It seems to me that there was plenty of time to invest its funds in Bitcoin. During the month, the price fluctuated and fell very low, and this made it possible to buy Bitcoin at a very low price. Today, we all expect good growth and enhance Bitcoin's potential tomorrow and in the future in general.
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