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Author Topic: Why Bitcoin has value?  (Read 150 times)
KongYuan (OP)
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January 17, 2018, 06:55:31 AM
 #1

Bitcoin dont connect with any currency so why does Bitcoin have value?  Undecided
toygg
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January 17, 2018, 07:41:21 AM
 #2

BTC has value because it is popular which is why people accept and trade in BTC because others also does the same. Also, BTC is decentralised and limited(Hard cap) unlike and endless supply of fiat money being printed by central banks on a regular basis.

TL:DR BTC has value as long as people believe in it.
BlazingBlack_Dragon
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January 17, 2018, 08:02:39 AM
 #3

I think this is the best post/explanation in bitcointalk why bitcoins/altcoins have their value. I hope this helps.

https://bitcointalk.org/index.php?topic=1923060.msg19077921#msg19077921
Bobby park
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January 17, 2018, 08:16:43 AM
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Bitcoin dont connect with any currency so why does Bitcoin have value?  Undecided
Bitcoin has value because it is a means of change. In old times, bitcoin doesn't have value until one time it uses as a medium of exchange. That is why bitcoin has value as of now.
Aminmon
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January 17, 2018, 08:20:05 AM
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Why is gold valuable? Bitcoin, like gold, is a problem of scarcity, which has led to a rise in the price of bitcoin.

Razo123
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January 17, 2018, 08:21:18 AM
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Bitcoin has a value because it can be used to purchase or to buy products when it is converted to you national money. Bitcoin price go high or go low because the demand of altcoins over bitcoin.
arunakiran
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January 17, 2018, 08:24:11 AM
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It is purely depends on demand and supply. if most of the people want to buy rather than supply then automatically the prices will go up. if vice versa the prices will come down.
teejaymuna
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January 17, 2018, 08:26:26 AM
 #8

I think the fact that BTC is limited increases its value. The unlimitedness makes it very competitive and consequently increases it value.
zolfa
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January 17, 2018, 08:28:04 AM
 #9

BTC has value because it is popular which is why people accept and trade in BTC because others also does the same. Also, BTC is decentralised and limited(Hard cap) unlike and endless supply of fiat money being printed by central banks on a regular basis.

TL:DR BTC has value as long as people believe in it.
yes, I agree with you, bitcoin is high due to increased spreading and bitcoin volume. when many people use bitcoin and invest in bitcoin, the value is higher. and also decentralized bitcoin, so its value is no maximal limit.
Ranly123
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January 17, 2018, 08:30:36 AM
 #10

Bitcoin dont connect with any currency so why does Bitcoin have value?  Undecided

Realy it did not connect with any currency due to it being a digital currency. Bitcoin works as a currency in digital world and when demand on the use of bitcoin starts, that is when its price surge and every surge makes investors think of it as a means of income and then the supply deficit that makes its price rise even high than any businessmen think it would reach.

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