Why does bitcoin have such a big value/currency

[bugsvanny]

Why does bitcoin is such a big currency when converted in real money ?

[1714894180]

1714894180

[Svelto]

You can relate this to the law of supply and demand. The price of Bitcoin is determined by the market (Buyers and Sellers). The price is high because the buyers are willing to buy at this price. The same logic applies when there are bad news and sellers are willing to sell at lower price, Bitcoin price will go down. 

[pugman]

Why does bitcoin is such a big currency when converted in real money ?

In terms of monetary value? Yes, bitcoin is considered to be a big currency, because of the demand and supply forces in the market. More and more popularity and increase in the number of users. More altcoins going down the drain which creates a need for a good dependable crypto currency.

[EcoChavCrypto]

The only thing that created the value of bitcoin is the supply and demand, just like it happens with gold, silver, cooper, iphones, samsung galaxies.. etc, it happens with everything that has a huge demand.
It nobody buys bitcoin, then the price would go to zero because everybody would be trying to sell like crazy.
The samme applies to the iphones, if nobody buys them, the price would be zero because they would be trying to give us a better price, but everybody is buying them, and that is why they are increasing the price. The same applies to bitcoin, if more people buys, then the price would be higher than before.

[FlightyPouch]

Why does bitcoin is such a big currency when converted in real money ?

I think the common reason why a currency has a higher value than other currency is the demand. There is also the thing that when a currency is mostly traded, it's price increase bit by bit.

[Scorpion]

It serves many purposes for many people, we can list all the perks of Bitcoin as reasons why it’s such a high demand digital currency as well as observe blockchain revolutionize different industries.

[HabBear]

Why does bitcoin is such a big currency when converted in real money ?

The simplest answer is the laws of supply and demand. There's greater demand than supply and that drives the price on the market up. When people don't sell every new entrant that buys drives the price up.

Perhaps a better question is why do people not want to sell?

One reason is that as a currency, because the supply of Bitcoin is forever controlled and finite, it won't lose value the way fiat currencies do when governments print more of that currency. These fundamentals should ensure that Bitcoin doesn't lose its spending power, provided it isn't abandoned by the entire community. l

Another reason is that as an investment Bitcoin isn't correlated to the other investment markets. This makes it a good hedge investment against the other market based investments (stocks, bonds, real estate).

[h0lybyte]

Why does bitcoin is such a big currency when converted in real money ?

Of course the price of bitcoin depends on supply and demand but what makes people interested in this currency is its universality and decentralization.
It can be utilized in any part of the world without limitations. Unlike fiat,  No need to wait hours for transfers confirmation
Bitcoin has many interesting factors that drive businesss as well as individuals into its affection.

[ab007]

Its almost because that most people demands it investing in bitcoins so its value is trending that much high.its an era of technology and the world is trading in digital currency so that is the main reason behind its big value and i think in future it will grow much higher as seen.

[vhiancs]

Why does bitcoin is such a big currency when converted in real money ?

For me aside of that,the bitcoin currency becomes the high value price it's because of multiple people want to buy it at this price.so if the buy are little the bitcoin price also decreases its price. at this rate the value of the bitcoin currency will not go down easily because of many people are willing to buy and invest bitcoin.

[SUDARMONO]

it is because bitcoin currency is not fixed value, bitcoin currency value can go up and down, and if the value of bitcoin currency rises then the price is higher or greater if used as physical currency, from there so many people who are interested to invest in bitcoin currency

[Kakmakr]

The increase in the demand for Bitcoin is fuelled by bad political environments where governments are turning into dictators and Police states. People want some degree of privacy and also security. You do not want the government or anyone else for that matter to know all your secrets. <Example : You buy sexy underwear for your secret lover and you pay with your credit card. That transaction is logged on a private database and accessible to bank employees and the government>

All over the world, governments wants to move to a cashless society and this is driven by the need to have more control over our lives. People sense that and this push them to look for alternatives that grants them more privacy and freedom. Bitcoin is that alternative and this will push up the demand as more governments start to restrict people's privacy and freedom.

[kaizerblitz]

Because of it's supply it has 16 million supply in coinmarketcap if you want to see and it's demand to the investors today many establishment support bitcoin as a goods payment.

[kimamaxgreen]

Bitcoin’s technical analysts, who look at chart patterns to try and predict price moves, suggest that the currency is about to experience a significant price move. Because of its rapid climb, analysis would seem to indicate that the price should experience a pullback here to regroup and consolidate before pushing higher. However, around $8,000 is the top of the trading channel that Bitcoin has been in for months, and if the price can resoundingly break through this barrier, it could go parabolic.

[arlinxoha]

Many people say Bitcoin is the best currency, the best digital currency and many big coins etc. Because bitcoin is worth a lot. Its price can not be easily reduced. Many people in the world are very interested in investing in bitcoin, so its value is increasing day by day. Although bitcoin prices get dumped, its price decreases, but it is temporary. In all, Bitcoin is a bigger currency and its price is much higher.

[Jet Cash]

Why does bitcoin is such a big currency when converted in real money ?

What do you mean by real money? Dollars, Sterling, Euros and other fiat currencies are no more "real" than Bitcoin. The difference is that more people are prepared to accept them. As acceptance of Bitcoin grows, so will its value increase. I believe that the latest increase was influenced by the fact that Square is trialling Bitcoin for its cash application. I started a thread about this, but it seems to be being ignored - this surprised me, because I believe it is important news, and it would appear that the market agrees.

[Visbay]

Why does bitcoin is such a big currency when converted in real money ?

Actually everything have a value by his own place and bitcoin make a very good reputation in market and now world trust on bitcoin and some of them make bitcoin legal so I think this all happen just because of bitcoin performance because bitcoin is playing a very big role in economy of any country and it reduce unemployment in many countries.

[Rajatruck]

Because it's the first one, the one with the biggest potential, and the name.

[tiggytomb]

You can relate this to the law of supply and demand. The price of Bitcoin is determined by the market (Buyers and Sellers). The price is high because the buyers are willing to buy at this price. The same logic applies when there are bad news and sellers are willing to sell at lower price, Bitcoin price will go down. 

Supply and demand, as long as people want to buy bitcoin the price will continue to rise, I think the rest of 2017 and 2018 will be a special time for bitcoin as there is a lot of attention on it now more than ever.

[HasHe]

Why does bitcoin is such a big currency when converted in real money ?

In simple words,the huge demand for it which has made it such a valuable currency.In other words,the features it has provided to users due to which it has gained such a big trust among the users world wide.Bitcoin has survived despite the obstacles created by governments in the past eight years.So,people have found it as a safe haven and have started to buy more bitcoins which has increased its price tremendously.