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Author Topic: Why does bitcoin have value?  (Read 2161 times)
BagzMM
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June 02, 2018, 07:24:25 AM
 #561


-I think It is popular. many people accept and trade in Bitcoin because It is recognized and accepted as a currency by many.
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
-Bitcoin acts like an equity investment. The market value of Bitcoins has had wild swings in value and even a market cap.
-Bitcoin is a social network. The Bitcoin "community" is active and acts like other online social networks.
-There are only 21 million bits so it has the same value as gold.
Yes I agree, those people who valued bitcoin knows how it really marks the market. Investors do believe that bitcoin can gives profit though the market is uncertain still, they really value it.
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