Why is bitcoin worth? Welcome to discuss

[Nahl]

for those who said bitcoin has no value i think those people are haters of bitcoin and as you can see now bitcoin value was pretty much better even in my country with 1 bitcoin you could buy 3 brand new of motorcycle but indeed there are some issue which makes bitcoin still not acceptable in the particular countries but it will not makes people stop use bitcoin because they are already realize that bitcoin are valuable

[Mustion]

Many people said Bitcoin are worthless cause actually they don't have a basic concept about what is Bitcoin, what is blockchain system and what can that technology can giving to us . Even with investors who holding maybe hundreds of BTC don't even know about it's worthy . Seems they just think it is a property or some kinds of stocks to investing and earning profits . Blockchain system isn't that much complicated.  Basic concepts are necessary to know when you're joinning in the system.

[marcuslong]

If you start bitcoin since then maybe you will not ask this because most of the people who hild their bitcoin for that long is now a millionaire and they use their bitcoins now to create business and mostly people are interested to use bitcoin it because they knew about what benefits can get from using bitcoins.

[Gozie51]

The value of a goods that people cherish, would rise. This is synonymous to Gold and silver as people prefer one for another and so this is how it is with bitcoin and other cryptos that is where the value is.

[Akash1243]

I think bitcoins has worth because it has demand from people as Bitcoins prices and survival is also because of its heavy demand from the people.If people would have shifted to other crypto currencies then bitcoins prices would became very low.People use bitcoins because it has many great features like it is decentralised currency that means governments has no power over bitcoins and it keeps the user's identity anonymous during transactions, bitcoins can be send to any part of the world with only around $5 of any amount which is also fast.And its prices will only seen to increase as it has limited number in total.

[hahay]

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 do not know more about bitcoin yet so they can tell that bitcoin is of no worth to them. For the community here all know bitcoin is very valuable to all of us, bitcoin has helped me financially so I will never leave bitcoin even though the price will fall hard.

[Mikasa77]

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.

They tell to you that bitcoin is not valuable because they dont have any idea what bitcoin is and what is its usage and capabilities. Bitcoin very valuable to us especially to those people who changed their lives because of bitcoin. Bitcoin helps us to earn our money in order for us to sustain our daily needs as well as solve our financial problem.

[kimpena]

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.

Of course bitcoin has a value, why are we using it if it has no value, right? like what's the use of it in your life if you have it and has no value? Bitcoin has a value, we use it as an exchange for a service rendered, payment for things we bought and others. It is useful and valuable to many of us, just like gold, silvers and other things that can be use as an exchange for something. From our history, we have what we call barter, this is the oldest way on getting things they needed and wanted. They give something for an exchange of that something they desire. Therefore the item they use to exchange to has a value, and the value of it is equivalent to value given to you.

[batang_bitcoin]

The value of a goods that people cherish, would rise. This is synonymous to Gold and silver as people prefer one for another and so this is how it is with bitcoin and other cryptos that is where the value is.

Yes we mostly value bitcoin for it's value and that's why it really worth. And comparing it to gold and silver is quite popular today, most of the people are saying that bitcoin is the modern gold or digital gold that makes it worth for everyone to keep on holding. Thinking if bitcoin doesn't have any value today, do you think that many people will stay and look to it as a valuable investment and profitable coin?

[KourtneyK]

The value of a goods that people cherish, would rise. This is synonymous to Gold and silver as people prefer one for another and so this is how it is with bitcoin and other cryptos that is where the value is.

Yes we mostly value bitcoin for it's value and that's why it really worth. And comparing it to gold and silver is quite popular today, most of the people are saying that bitcoin is the modern gold or digital gold that makes it worth for everyone to keep on holding. Thinking if bitcoin doesn't have any value today, do you think that many people will stay and look to it as a valuable investment and profitable coin?

For as long as the cryptocurrency has value today then it will always be worth it most especially Bitcoin which in present has the most value out of all the cryptocoins. That's why they are saying it is like the modern gold or digital gold because of the value it holds and price that keeps on increasing in time.

[chickenado]

The value of a goods that people cherish, would rise. This is synonymous to Gold and silver as people prefer one for another and so this is how it is with bitcoin and other cryptos that is where the value is.

Yes we mostly value bitcoin for it's value and that's why it really worth. And comparing it to gold and silver is quite popular today, most of the people are saying that bitcoin is the modern gold or digital gold that makes it worth for everyone to keep on holding. Thinking if bitcoin doesn't have any value today, do you think that many people will stay and look to it as a valuable investment and profitable coin?

For as long as the cryptocurrency has value today then it will always be worth it most especially Bitcoin which in present has the most value out of all the cryptocoins. That's why they are saying it is like the modern gold or digital gold because of the value it holds and price that keeps on increasing in time.

Everyone knows how worthy bitcoin is. Bitcoin shares us a lot of strategic ways to complete the value of other coins which are valuable as well in cryptocurrency field of digitized money. I believe that this will give us more efficient work to do to earn bitcoin and to invest it also. I'm gonna invest bitcoin for a particular business someday and I know this will help me more to continue make a living with bitcoin and in this way this will make it more worth to have. I keep to myself that bitcoin is with me throughout my journey.

[Official Armor Ceramics]

The following are some of the major advantages of using Bitcoin versus other currency systems:
- no third-party seizure
- no taxes
- no tracking
- no transaction costs
- no risk of “charge-backs”
- Bitcoins cannot be stolen

[koumpesbtc]

The greatest plus of bitcoin and every crypto currency is that no banks are involved in their blockchain system. That means minimal to none transaction fees, no fake-magic money invented by interest from loans. Every crypto coin has to be mined and is always monitored. Crypto currency cannot be subjected to inflation so it cannot loose its value. Also, the almost instant access makes it perfect for all transactions. You have a bank in your digital wallet.
And last but not least blockchain protocols guarantee the safety of all transactions.

[BillCoin]

I think that Bitcoin worth what it is for the main fact that he has a very powerful community behind it.
Not only that, Bitcoin has the strongest network ever existed, which means that the bitcoin network is the most secure network to transfer funds into.

What makes bitcoin worth is the people, not the governments, and that's what makes this coin so special!

[batang_bitcoin]

The value of a goods that people cherish, would rise. This is synonymous to Gold and silver as people prefer one for another and so this is how it is with bitcoin and other cryptos that is where the value is.

Yes we mostly value bitcoin for it's value and that's why it really worth. And comparing it to gold and silver is quite popular today, most of the people are saying that bitcoin is the modern gold or digital gold that makes it worth for everyone to keep on holding. Thinking if bitcoin doesn't have any value today, do you think that many people will stay and look to it as a valuable investment and profitable coin?

For as long as the cryptocurrency has value today then it will always be worth it most especially Bitcoin which in present has the most value out of all the cryptocoins. That's why they are saying it is like the modern gold or digital gold because of the value it holds and price that keeps on increasing in time.

If crypto's doesn't have value but they have use and we are benefiting on that thing then it's still worth. But this is the main reason why everyone is with bitcoin because of it's price and we are defining it's value and worth through it. And the other features of bitcoin like cheaper fees, faster confirmation are just bonus and it's just a secondary reason why it is worth it to all of us.

[gabmen]

I think that Bitcoin worth what it is for the main fact that he has a very powerful community behind it.
Not only that, Bitcoin has the strongest network ever existed, which means that the bitcoin network is the most secure network to transfer funds into.

What makes bitcoin worth is the people, not the governments, and that's what makes this coin so special!

Bitcoin and crypto never was about governments. It's about freedom from all the restrictions governents and banks impose on people. That's why it's support is continously growing and banks are scared of it

[nelmari]

I think that Bitcoin worth what it is for the main fact that he has a very powerful community behind it.
Not only that, Bitcoin has the strongest network ever existed, which means that the bitcoin network is the most secure network to transfer funds into.

What makes bitcoin worth is the people, not the governments, and that's what makes this coin so special!

Bitcoin and crypto never was about governments. It's about freedom from all the restrictions governents and banks impose on people. That's why it's support is continously growing and banks are scared of it

I agree and it was created this way, so there will be no restrictions from the governments and no one will be in control of it like the banks too. And the fact that people are already acknowledging it and using it makes the government and banks more scared of it.

[Sled]

I think that Bitcoin worth what it is for the main fact that he has a very powerful community behind it.
Not only that, Bitcoin has the strongest network ever existed, which means that the bitcoin network is the most secure network to transfer funds into.

What makes bitcoin worth is the people, not the governments, and that's what makes this coin so special!

Bitcoin and crypto never was about governments. It's about freedom from all the restrictions governents and banks impose on people. That's why it's support is continously growing and banks are scared of it

I agree and it was created this way, so there will be no restrictions from the governments and no one will be in control of it like the banks too. And the fact that people are already acknowledging it and using it makes the government and banks more scared of it.

Indeed the banks and the governments are now afraid of bitcoin because it can easily invade the country and promote decentralization which the people like to have in their lives because they are sick for the centralization that the governments always promotes. If bitcoin will become popular in a country it will get rid the centralization but the governments are smart because they created different laws that will regulate the bitcoin and some countries cannot handle bitcoin that they just banned it.

[fiulpro]

Hello 
Your question is quite interesting.
I believe I am not that qualified to answer this question but since its a discussion I would like to aay something.

Please allow me to rephrase your sentence ,
* Why do any currency that you use has a value?*

Bitcoin is a currency only, a cryptocurrency for that matter thats up to date with the present demand of the generation.

Its more like asking why do a dollar? A yen ? Rupee ? Dinar ? Has a value. At the end of the day a currency is a currency only .
No Matter if its a bitcoin or..some other fiat.

Its something I feel is regulated by the government intrinsically according to the economic status of ypur country.

[Lieldoryn]

I think that Bitcoin worth what it is for the main fact that he has a very powerful community behind it.
Not only that, Bitcoin has the strongest network ever existed, which means that the bitcoin network is the most secure network to transfer funds into.

What makes bitcoin worth is the people, not the governments, and that's what makes this coin so special!

Bitcoin and crypto never was about governments. It's about freedom from all the restrictions governents and banks impose on people. That's why it's support is continously growing and banks are scared of it

I agree and it was created this way, so there will be no restrictions from the governments and no one will be in control of it like the banks too. And the fact that people are already acknowledging it and using it makes the government and banks more scared of it.

Indeed the banks and the governments are now afraid of bitcoin because it can easily invade the country and promote decentralization which the people like to have in their lives because they are sick for the centralization that the governments always promotes. If bitcoin will become popular in a country it will get rid the centralization but the governments are smart because they created different laws that will regulate the bitcoin and some countries cannot handle bitcoin that they just banned it.

It seems to me that the problem is much wider. Bitcoin is really a good way for each person to earn additional income. But in order that the income had its value should work real economies of Nations. I do not believe that bitcoin can replace Fiat. They will always exist in different dimensions.