What actually determines the value of a Bitcoin?

[tacitinc]

Whenever I am in discussions with friends or family irl, inevitably the question of "so what gives these things their actual value?" comes up, and I am unable to answer with a straight face 

So, what actually gives bitcoin its value, and how does it relate to traditional stocks when buying/selling/trading/ etc?

I understand that in a contingent fiat based currency such as the USD, backed only by the faith people have in it, and how many other notes are currently in circulation. Will bitcoin eventually reach a point where tactics such as Quantitative Easing are employed in order to keep the whole thing from collapsing in on itself like a dying star?

[tacitinc]

 

[ParveZ219]

Traders with bank accounts in our supported countries can trade Bitcoin , which sets the specific price at a specific time for a specific market.


Put simply, it is the ongoing interaction between buyers and sellers trading with each other that determines the specific price of Bitcoin (and everything else).   

However, when determining price, one must also consider the amount that buyers are currently willing to pay for the future value of a specific item. In other words, if the market believes the price of something --like property, a certain stock or Bitcoin-- will increase in the future, they are more likely to pay more for it now.
Some of the instances where Bitcoin currently has utility was mentioned above, but since Bitcoin is an evolving and improving technology, many are optimistic that there are many other use cases to come. Some, perhaps, that we haven’t even thought of yet.

[Shakiramae]

The value of bitcoin in my opinion is vague. I mean to say is how can you give valueto something that is superficial ? But if we really indeed curiousto know the value of bitcoin, I think we should know the determinants. First is the worth of cryptocurrency. It changes from time to time and it correlates with the second factor which is the user itself. Based on my u.derstanding it really affects the value of bitcoin system.

[AltcoinAuthority]

Whenever I am in discussions with friends or family irl, inevitably the question of "so what gives these things their actual value?" comes up, and I am unable to answer with a straight face 

So, what actually gives bitcoin its value, and how does it relate to traditional stocks when buying/selling/trading/ etc?

I understand that in a contingent fiat based currency such as the USD, backed only by the faith people have in it, and how many other notes are currently in circulation. Will bitcoin eventually reach a point where tactics such as Quantitative Easing are employed in order to keep the whole thing from collapsing in on itself like a dying star?

The price is determined by the number of people that place Bitcoins on the market, if there is no coins on the market then there will be higher prices.

[arrmia11]

The value of bitcoin determines when there are more people who invest in bitcoin and later on holding it until it reach the high value of bitcoin. But we cannot be accurately be sure of that since we have no control of the value of bitcoin. We must keep holding until the price satisfies us already.

[nightmanisrightman]

Free markets decide the value of Bitcoin and nobody else. Of course the price is influenced by media, sentiment, and a myriad of other factors but the main portion of it is supply and demand law.

[1legalco]

Well 1% of wallets own 99% of bitcoin

So TPTB in bitcoin control it

The market understands this now, so the market is now crashing the coin and the whales are trying to save it

But nothing will erase that fact it is completely centralized in the wallets of the 1% that own 99%

So VC investors are now dumping it and I've seen new forecasts it's sub 1K soon

[hgkcoin]

The value of bitcoin lies in its technology, but its technology has not been exploited for the time being. As an investment, what we really need is the people's attention to it. When the focus arises, people will hold it, and the free market will be regulated and the price will fluctuate.

[shaheer001]

Actually in this world simply one rule is applied on purchasing,trading or business. the Business,trading coin/currency or the demand of any useful thing start increasing when there are huge buyer,traders or sellers. so Bitcoin has huge community which is increasing every moment and in this way demand and circulation supply directly effect on Bitcoin price.and afterward when large number of Bitcoin holder hodl it and huge number of buyer want to buy it then the price automatically shoot up.

[Hero44]

What actually determined the value of bitcoin is us the owners, traders and buyers of bitcoin. In the crypto market and any other market the law of demand and supply determines the value of that goods. Here demand and supply determines the value of bitcoin.