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Author Topic: What makes Bitcoin valuable?  (Read 2863 times)
deppil
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May 04, 2018, 03:31:51 AM
 #481

I think one of the reasons that makes bitcoin valuable is because bitcoin is very much in demand by many people in the world. Another is that bitcoin helps us by being convenient and gave us less hassle in most of the transaction.
I agree with you, people are having a high demand towards Bitcoin and it tends to bring more popularity in Bitcoin. And it makes it valuable; also the price makes it more valuable.
I think at this time many investors don't see the peculiarity of bitcoin like anonymous and decentralization. they invest in bitcoin because they see bitcoin markets very crowded and continue to grow in number of users and make them interested to invest in bitcoin. thus making the demand continue to creep up
cunese
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May 04, 2018, 03:58:08 AM
 #482

The number of BTC is capped, and the cost of BTC is very high, and the price of BTC will be higher and higher in the long term.

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May 04, 2018, 07:01:30 AM
 #483

BTC is now at the top of all crypto currencies. It's become more worthy than gold. Its value is increasing higher and higher. Investors do have a great interest on investing on it for its great profit and safety. Transactions are easy and less costed. 2017 has a great history of Bitcoins value. 2018 might do a history too. Its value will never get down. Price of it may ups and downs but value never.
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May 04, 2018, 06:37:33 PM
 #484

Bitcoin makes deals much faster.
Bitcoin hits the most important of all money applications: financial transfers.
Bitcoin is a technology that is incomparably better than conventional banking operations. However, reality kills the main advantage, as most keep their money in fiat. This is not a flaw in bitcoin, and the standard price that any low-priced currency pays is the need to pay for conversion to the dominant currency.
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May 04, 2018, 07:16:10 PM
 #485

Bitcoins are mined, and the more bitcoins people have already mined, the harder it is to extract further. The number of bitcoins that can be obtained and put into circulation at all is fixed. Exchange bitcoins occurs "from hand to hand." It is not difficult to store bitcoins, it is expensive to receive or transmit them. Replace "bitcoins" with "gold" - each of these statements will also be valid.
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May 04, 2018, 07:30:13 PM
 #486

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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I agree to what this person listed here. I will add the fact that the number of bitcoins are definite unlike fiat. I like it because there is no one who can influence the market just by producing unlimited amount of money. It will be fair especially to ordinary people who have a little effect on the market. Also, I love the feature of anonymity in bitcoin because I felt more secure that no one else knows my financial status.



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saruxanyan
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May 05, 2018, 02:43:45 PM
 #487

We will look at bitcoin as currency and bitcoin as a store of value based on the large number of people use bitcoin. But bitcoin nowadays is spreading in different countries in the world they are using cryptocurrency using payment through onlines. It seems possible that bitcoin could eventually increase in price by orders of magnitude, but it all depends on bitcoin's level of adoption.
ajoygb
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May 05, 2018, 02:53:39 PM
 #488

There are lots of things that what makes bitcoin more valuable , the feature it self that makes the bitcoin valuable.  Most important thing is that the protection of the system  and the transparency they provided.
candra raditya
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May 05, 2018, 03:01:29 PM
 #489

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




I think what makes bitcoin so valuable is that many people believe bitcoin has value, they buy bitcoin and the amount of demand that makes the price increase.

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tesmark07
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May 05, 2018, 03:10:37 PM
 #490

I think because of its popularity and insufficient stocks thats why bitcoin is very expensive .
And also i believe that bitcoin is very useful that you can use in many ways such as new form of payment or investment to gain more money.
Batask
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May 05, 2018, 03:15:45 PM
 #491

I think because of its popularity and insufficient stocks thats why bitcoin is very expensive .
And also i believe that bitcoin is very useful that you can use in many ways such as new form of payment or investment to gain more money.

What makes bitcoin valuable? The bitcoin itself. Bitcoin is valuable because it is profitable and in terms of popularity no one can compete bitcoin. And bitcoin has insufficient stocks thatd why it is valubale, the lower the supply the bigger the demand. So bitcoin is one of the most valuable coin.
monacous
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May 05, 2018, 03:20:07 PM
 #492

Bitcoins becomes valuable because of its good effect to economy, It delivers financial stability, opportunity for unemployed individual and rapid transaction of money, It is also decentralized innovation which empowers everyone to be free from taxes. And potentially good source of income..
Larva14
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May 05, 2018, 03:20:35 PM
 #493

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 very valuable to people because it helps them with the investments and trades. They earn money from it and it made bitcoin a career, a very valuable career to the people. Bitcoin also became valuable to the economy because it made transactions online easier and faster. Bitcoin is now accepted in many industries and only time will tell when everyone in the market have bitcoins.
Saiful Islam777
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May 05, 2018, 03:26:02 PM
 #494

Bitcoin is a valuable technology to use it transparently. Bitcoin usage is increasing now Bitcoin has become very valuable in the world and its importance is spreading everywhere.
Suguha
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May 05, 2018, 03:38:59 PM
 #495

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



The list that you give is awesome, for me the things that bitcoin more valuable is the safety of the account of the users is secure and the more people joined in bitcoin, more people believes in it, more trust the the users give in bitcoin that is the thing that make them valuable.
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May 05, 2018, 03:46:25 PM
 #496

Bitcoin is so valuable because it is supported by a large number of people. In fact, thanks to the community, it is still the first.
andreevaviktoriy77
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May 06, 2018, 12:49:20 PM
 #497

The onlu thing that make make me believe that Bitcoin is real is when I cash out and earn some money or when I buy something online with my Bitcoins.
Bitcoin is real and you can cash it ou so stop asking questions like what makes Bitcoin valuable.
zelenkova
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May 06, 2018, 01:00:11 PM
 #498

Bitcoin provides a unique service: financial transactions do not require the government to issue money or a bank to process payments. Bitcoin is not like a currency or gold. And it also has many other advantages
Aljay7
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May 06, 2018, 01:23:04 PM
 #499

Of you can earn bitcoin and know how to use it, you don't have to ask why bitcoin is valuable because it has a lot of advantages in helping people.
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May 06, 2018, 01:30:32 PM
 #500

Bitcoin is valuable because of the help it offers like making queue's shorter for payments and the security and services it offers are helpful to everyone who uses it. Bitcoin is one of the best use for Blockchain technology which is revolutionary and used for advancing more technologies.
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