What makes Bitcoin valuable?

[coinholic]

The value of Bitcoin is greatly influenced by the market activity in which the community is involved. This market activity specifically pertains to the demand and supply. The higher the demand and the lower supply gets, the higher will be its value. Thus, price will also increase. The same goes with all currencies wherein demand and supply is the common factor which makes them valuable.

[freshm4ker]

The high price of bitcoin is formed by the absence of inflation. The maximum amount of bitcoin released is about 25 million BTC. This limit is achieved the new bitcoin will stop appearing.

[Selbit]

The digital currency Bitcoin has a dedicated following, regularly makes headlines and inspires countless investors to consider making digital currency part of their portfolios. Yet it enjoys the backing of no government or third-party entity like a bank, and it can be hard to understand where its perceived value comes from. So, you may be asking, what makes bitcoin valuable?

Fundamentally, bitcoins derive their value just as anything else does: because people want them. Like any other currency, bitcoin follows the basic rules of supply and demand. Currencies have always been useful tools to make trade easier, enabling holders to convert goods into a widely tradable commodity through sale, then use the proceeds of that sale to purchase nearly anything they wish.

While fiat currencies derive value from the governments that back them, currencies like gold are valuable in and of themselves. Currently, bitcoin isn’t like other currencies in that it is not universally accepted. There are limits on what it can be used for. While not backed by a government or valuable by themselves, bitcoins are still used as a store of value, a placeholder for the goods and services that they can be exchanged for, as with traditional currencies.

Bitcoin derives its unique value from the fact that despite its lack of official backing or wide acceptance, it has generated an ecosystem in which many people are willing to trade and accept it. In fact, some perceive bitcoin to be more valuable, or more useful, than other currencies in that it is a better option for certain purposes, such as seamless digital transfers and use across borders. Also, because there is a cap set on the total number of bitcoins that will ever exist, the currency cannot be devalued through inflation as others can. Finally, a key benefit of bitcoin is known as “censorship resistance,” its ability to be used for transactions that could normally be censored by other payment networks.

[N.nayem]

While I agree with your points, I think there are a few caveats that should accompany them.
Bitcoin is safe from hacking in so much as the block chain is safe from hacking. Any ones private key could be hacked if stored in a manner susceptible to hacking. This is why people recommend cold storage.

Bitcoin eliminates banking fees - but at this point in time fees are comparatively high to days gone by, and also compared to other coins.

Bitcoin is fast - it can be, it can also be slow compared to other coins. I wouldn't make any assessment of the lighting network before full implementation.

Bitcoin only provides privacy in terms that the holder of any given wallet is private. Every transaction is very easily accessed on the block chain and I believe that is the point of the public block chain.

[Donotfoolme]

Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.

Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.

So heres a little cheat sheet for any newbies out there who get this question or accusation:

1. Bitcoin is safe.  It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.

In short, Bitcoin solves massive problems with the financial and political world, and that is its value.

And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.





all of this are valuable
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@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential

[Brangos99]

In the economic field, there is something of value when examining two factors, scarcity and usefulness. Scarcity means something is limited. In the case of bitcoin, cryptocurrency has a set of 21 million bitcoins. Many analysts note that this set makes bitcoin more desirable than other assets, even gold. That's because unlike gold, there's nothing to worry about with a digital Gold Rush. Bitcoin treasure will never be "discovered", causing the price of crypto to fall with the flow of supply.

[btcCoincart]

The first thing is its popularity, the second thing is its easy way to buy/sell. Today bitcoin is known by so many people which make it more and more popular! That's a good thing for the price go up and up! Hope it reach $20K again this year!

[Bitfling]

Most people invest in bitcoin because bitcoin have biggest liquidity and the profits in years very big. As we know, bitcoin give gain more than 10x in 2017 and people hoping that will happen again in 2018.

[worldsuccess01]

limited supply and increasing demand
[/quote


Yes bitcoin is a big valuable it can be established as much money into gold..

[Natalim]

Most people invest in bitcoin because bitcoin have biggest liquidity and the profits in years very big. As we know, bitcoin give gain more than 10x in 2017 and people hoping that will happen again in 2018.

This will happen although I am not sure, as investor I am positive we will reach the ATH once again this year.
It seems like the price movement is going to the right direction, it's slowly moving up and I am seeing the same scenario in the past
where it leads to a good price.

[putrii]

I think there are many reasons why bitcoin has a price, the first is bitcoin has a very limited total supply and can be used for any payment method you want so it is getting harder to get bitcoin then it is certain the price will be very expensive.

[thenameisjay]

Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.

Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.

So heres a little cheat sheet for any newbies out there who get this question or accusation:

1. Bitcoin is safe.  It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.

In short, Bitcoin solves massive problems with the financial and political world, and that is its value.

And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.




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@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential

The sad part about it is that everybody wants bitcoins out of the picture. But this is good. More competition means more ways to make sure bitcoins thrive in this kind of society. Bitcoins will forever be valuable thanks to the lightning update. Next problem is the transaction fees.

[normanz]

Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.

Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.

So heres a little cheat sheet for any newbies out there who get this question or accusation:

1. Bitcoin is safe.  It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.

In short, Bitcoin solves massive problems with the financial and political world, and that is its value.

And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.




-





@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential

Bitcoin is valuable because many people want bitcoin because of its benefits, the more people who want bitcoin the bitcoin will have a very high value.

[Oxana19726897]

Well said. Bitcoin has achieved many things across the fields of politics, technology, ICOs, and finance. Its value is yet to be measured and its only limit is our imagination. Do not mistake its value to its true price because its price varies dependently with time.

[KingOfWinterfell01]

Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.

Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.

So heres a little cheat sheet for any newbies out there who get this question or accusation:

1. Bitcoin is safe.  It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.

In short, Bitcoin solves massive problems with the financial and political world, and that is its value.

And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.




-





@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential

Take into account the investability of these kinds of things. Bitcoins are the very first of its kind to actually be successfully bought by everyone and being sought after by literally everyone. That's why the price boomed so hard right now because of the demand.

[neerajmittaljii]

In my own understanding, I think bitcoin is valuable in the sense that government from any country may have hard time in tracing and adding of taxes in every transactions made.

[Pemburu dollar]

I think the volatility, and the demand.

I think bitcoin is too valuable because bitcoin has a bright future.
Because bitcoin is always above the crypto currency, and bitcoin has a limited supply.

[lzby2000]

When we introduce the value of bitcoin to the new investors in this field, we can try to tell them what the combination of bitcoin and many industries can bring to our future, and we can tell them that bitcoin is brought about by trade cooperation, economic exchange and efficiency Use.

[shawa]

WHAT MAKES BITCOIN VALUABLE IS BECAUSE IT IS POPULAR AMONG OTHER COIN

[melinda29]

Bitcoin is valuable, because is an asset that can be use any time. and secondly bitcoin investors are always ready to buy and the investment of bitcoin keep increasing day by day, and finally bitcoin is widely used and supply in the market always be small in quantities than the demand.