What makes Bitcoin valuable?

[Handa]

one of the main and big reason for bitcoins popularity is its decentralisation. One can keep there bitcoin shares with themselves and none can guess or track the amount of bitcoin one has. The only threat and worrying thing is the hacking of the wallets, but using appropriate wallets can avoid the risk of hacking

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[MudahDanHemat]

Because bitcoin is the first and its popularity is in the first position. It is then that many people put trust in bitcoin. Of course this will affect the number of demand. This is simply because of the popularity of bitcoin.

[DragonETH]

with the growth of civilized societies, things have become somewhat more complicated, because the things that support and protect these societies also have great significance. In this context, all money, including Bitcoin, is of value. Because our societies are highly dependent on trade and commerce, anything that facilitates the exchange of goods and services has some degree of value.

with what you have taken that bitcoin is money, gold has also the ability to become money if it looks like coins for monetary circulation, or goods if ingots and goes to cover the connectors in electronics.

[sulec70]

As bitcoin was invented and created as digital currency or digital asset, it has a high value in the market. We can buy, hold or sell bitcoin and purchase goods or services at certain shops / stores accepting it as payment. It can used as investment instrument to get profit and with limited supply, its price will keep rising . This opportunity is interesting for investors and they like to use it to speculate in getting big profit. Because of high demand for bitcoin, last year bitcoin price skyrocketed to around $18,000 before retracing to about $6,800 last month.

[JRoa]

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

We (the users) are the reasons why bitcoin is now so valuable. We continuing to buy and use bitcoin because we are now aware what is the function and importance of the bitcoin. I am sure that bitcoin will become more valuable if we will support it.

[weeklyeth]

Yes, the supporters, users, traders are the strongest reason for bitcoin's acceptance in to the world and for its invaluable growth. If the people like us doesn't apply force for its development. Much more governments would have suppressed based on considering its competition to fiat currency and their banks.

[Rustandy]

1. The More Bitcoin Users.
As is the law of demand; the higher the demand for something, the higher the price, if other conditions in general nothing has changed. Likewise, the more vendors or merchants who receive Bitcoin as a means of payment, the Bitcoin price will increase.

2. Recognition from the State of Strong Economy.
Several other incidents that also marked the momentum on the price of Bitcoin were the acknowledgment of Bitcoin by powerful economies.
There are two things that can be inferred from the decision. First, because taxable, then certainly not illegal goods. Second, the decree provides a legal basis for individuals and companies that want to invest or sell Bitcoin. The result, of course Bitcoin prices rise.

3. The fall of a country's exchange rate.
In this case, it is necessary first to understand that the crypto currency is often viewed as an alternative currency of the common currency we use, Therefore, if a country's currency is no longer valuable, to whom will its citizens turn? Certainly the crypto currency, including Bitcoin.

[auliasilvana]

What makes Bitcoin worth it is the very high Bitcoin price and unmatched by any other coins. Bitcoin has been trusted by many people and they have no doubts about the price development of Bitcoin. Bitcoin is very profitable and very helpful for its users who use Bitcoin. And making Bitcoin an investment asset will certainly make us rich.

[Kate_Ngubanga]

Bitcoin creates value for both earlier investors and for new ones, providing more and more opportunities for using currency, the amount of which, moreover, is limited. It's not deceit and not stealing, but just the good old law of supply-demand in action, or in other words, the ancient economic principle, in the service of the newest currency system.

[unsianofarhan]

which makes bitcoin valuable to me because bitcoin is an investment asset
and I hope from bitcoin I feel the financial relief in the way I am beginner so I hope to feel the benefits of bitcoin

[Bella_Stoyn]

Where can I find the real bitcoin exchange rate?

[JiuMiBe]

supply and demand of any kind of electronic money will affect its price. An electronic currency has a lot of supply, but less demand, its price can not be increased. While an electronic currency has a limited supply, it is expected to see significant price increases. To a certain extent, this particular factor is the driving force for Bitcoin to rise.

[Akichiva23]

The market usability of bitcoin is a major factor that makes it valuable, its demand is high  making its prices soar high, while its supply in the market is limited. The effectiveness of bitcoin and its safety is also contributing factor to its value

[SingAlong]

Bitcoin posses different advantages and benefits that will surely makes people life easier that why bitcoin for people is valuable. But the most reason why it is more valuable is the continously growing population of bitcoin users and being known all over the world. The limited amount if supply and increasing demand are makes bitcoin more valuable.

[Demughni]

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 many advantages of bitcoin, The bicoin is valuable.
I firmly believe that only two of the most important factors affecting Bitcoin, the Internet and market demand, the Internet determines the existence of bitcoin is meaningful, and the market demand is to determine the current price of Bitcoin and the future price forecast. So, If the market high, I think the price will rise soon.

[bitcoinbot]

I am sure that the most important advantage of bitcoin is that it was ancestor of the crypto currency and does not have a master! If any other coin something happens to the owner, this will greatly affect the price of the coin!

[kikoy999]

Bitcoin gives value to the ao because if more people invest in bitcoin the bitcoin becomes less important.

[kiky03]

all this time that makes bitcoin become valuable because of the large number of people who want to buy bitcoin. all investors definitely have bitcoins in their wallets because they believe bitcoin prices will continue to increase as bitcoin users are getting more and more on a daily basis. in addition bitcoin becomes valuable because in some countries already use bitcoin as payment.

[Genosx]

I think bitcoin makes valuable because it have a good value and affordable price to buy in the market that investors seek for , 
to be one of the profitable investors in this kind of business  and also it is a very known business.

[Doge dealer]

most countries have classified bitcoin as a asset, bitcoin provides an excellent means of transferring money all over the world through a decentralized system the does not require the intervention of any financial institution these transactions are fairly anonymous and thus persons who value their privacy would benefit from this feature. Bitcoins is the leading crypto currency and carries the highest price it also provides phenomenal returns on your investment , these are just a few of the reasons why bitcoin is so very valuable.