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Author Topic: What is the use of bitcoin? What is its value?  (Read 165 times)
mcpor
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January 26, 2018, 06:59:04 AM
 #21

I think now bitcoin as the gold in our real life, people store it and sale it not use for trading
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wormgummy019
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January 26, 2018, 07:06:12 AM
 #22

Some people think bitcoin is a bubble, what is its meaning and value?


For me, Bitcoin has a very big use in our life. Imagine, with the helps of bitcoin you can be rich and you can earn money in a short period of time. The money that you earn from bitcoin can be used in your personal expenses. You can also use it to help your family in financial problem, aside from that if you are still a student, you can use it in your educational purposes. That are the uses and value of bitcoin.
spinno
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January 26, 2018, 07:10:58 AM
 #23

Bitcoin as the first digital crypto currency where it can be use as a worldwide payment system.It's system works without a central bank or a single administrator and also it can be used as exchange for products, services and other currencies worldwide. More over it's value is now considered to be the highest among the other flat and the other existing new cryptocurrencies.
Bitcoin can be used as payment in online transactions. You can use bitcoin for investment or trading platform to gain profit. You can also use bitcoin in gambling to test your luck in doubling your bitcoin balance. Bitcoin has no fixed value as it changes everytime but it is one reason that affects the behavior of bitcoiners whether they should buy more bitcoins or sell it at the right price. IT is a very appropriate way to invest current and future. And at what price? Currently, bitcoin sdh reaches 152 million, possibly will increase again about 160 million, well here we use bitcoin as investment tool for future and future and if we buy bitcoin now we have kaga directly invested profit from bitcoin.
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January 26, 2018, 07:31:23 AM
 #24

If you are asking that how you can used your bitcoin then i want to clear you that still there is negligible places where they are accepting bitcoin as a payment.
While if you want to use your bitcoin then you need to convert it to your desire currency easily there is no issue of conversion of bitcoin to any currency and then you can used your currency.
Value mean you are asking of price of BTC then presently price of BTC is 11500$ and vary slowly varying from yesterday.
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January 26, 2018, 07:54:12 AM
 #25

There are many uses of bitcoin like paying transaction online because nowadays there are many transaction that you can pay online and many stores are also doing that to follow what is indemand in new generation. Bitcoin value is like what your money has. They are the same in terms of value. They are both useful and needed to buy goods but the difference is cash is handled but bitcoin is digital currency.
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January 26, 2018, 07:58:05 AM
 #26

The bubble is something where there is an excessive valuation of the price of a unit. However, I don't think that Bitcoin is a bubble because there is the actual ground value for it and it is decided by the demand and supply principle. Is a part of blockchain technology that has a potential to transform our financial lifestyle in a very efficient manner and we are still in the development mode and early phase so there are many opportunities for speculation and most of the people are trying their luck with it. No one knows what is going to happen down the road.
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January 26, 2018, 08:06:06 AM
 #27

I think you can look at is like any other mode of exchange or payment when it comes to seeking value for services rendered or something purchased. It is not that complicated, and we shouldn't try to complicate it. Could it be a bubble, well yes, but I doubt it is or will ever be. The value of bitcoin is mainly driven from the fact that it is currently decentralized, and decentralization is a good thing for the most part of things.
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January 26, 2018, 08:09:03 AM
 #28

There are so many use of bitcoin, you can use bitcoin as an asset for trading or as an investment, you can use bitcoin for transferring money like what remittance do, you can use bitcoin as a bank, instead of storing money at the bank you can convert your money as bitcoin as store it on a bitcoin wallet, and you can buy goods using bitcoin. Those are some use of bitcoin which is really make things more easier.
Zandra
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January 26, 2018, 09:50:46 AM
 #29

Bitcoin is so profitable, there many uses like paying transaction online and this is will give you a huge income.
Bitcoin are so valuable look here price so huge, but for now the price of bitcoin is dropping and i hope next month bitcoin will more increase.

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Desperaboss
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January 26, 2018, 10:02:54 AM
 #30

Bitcoin is a currency which is not covered with gold or anything valuable, so it´s price is determined by the believe of it´s value in general plus supply and demand. Bitcoin is a digital currency, but unlike dollar or euro it hasn´t been accepted as a mean of payment in most countrys.

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January 27, 2018, 09:53:29 AM
 #31

Bitcoin has several payment functions. As we all know The intended use of the original is as currency. Since then, people have regarded it as a value store. and its value now reaches Rp.148.60 million / 1 BTC ...
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