Why does bitcoin have value?

[Hellokitty09]

Bitcoin has a value because of the people who continues to support it or invest in it.
Bitcoin price is depending only at the demands so as the demands grow the price would go along the way.
I only wish that the demand for bitcoin would never stop .

No one can't stop the growth of bitcoin because it is already very famous and popular among the people. The price of bitcoin is not stable always the price is fluctuates. Bitcoin is more valuable than others because it has more value than any other assets. Now the value of bitcoin is very low so this is the time to invest in bitcoin. Hold the  bitcoin for long term it will give more money than you invest. The value of bitcoin will increase in near future. Toll that hold it with patience.

[WorldCloudOfficial]

Bitcoin is decentralized, meaning no government, bank or single person has control over it and it can't be overturned by corruption. The code it's built on is open source, meaning that it's available for anyone to look at, scrutinize and even modify. This means bitcoin is constantly evolving and improving.

[Mazda17]

bitcoin has value because more and more people are interested to use it as a means of digital transactions that provide many benefits, with the value of investment is increasing, compared with the common currency in general.

I am happy to hear the good news about the future of bitcoin is getting so grounded that bitcoin can be able to master some countries because bitcoin is useful and high value so many people are interested to use bitcoin.
I hope bitcoin can match the currency in general.

[luckybit1]

Bitcoin offers a productive methods for exchanging cash over the web and is controlled by a decentralized system with a straightforward arrangement of tenets, subsequently displaying an other option to national bank controlled fiat cash. There has been a ton of discuss how to value bitcoin and we set over here to investigate what bitcoin's cost may look like in the occasion it accomplishes some level of broad reception.Bitcoin has a great future.

[kobratuz]

my opinion Bitcoin have value for many reasons &  some reason is here such as it's huge popularity, decentralized, it's make huge benefit etc

[crypto1010]

this is easy, bitcoin has value because demand is there and regardless of the price people are aleays willing to spend some money to buy these crypto coins which has maintained its price and value  and not forgetting it being the first crypto automatically makes it the first choice for many people.

[abiola1]

From my thinking, it seems possible that bitcoin could eventually increase in price by orders of magnitude, but it all depends on bitcoin's level of adoption.

[Telogodok]

only because it is the first the market, thats why its price continues to go up.

I think bitcoin currencies like gold or Fiat or any long as can be used to trade has a value. and bitcoin difficult for the government to track and taxes. bitcoin decentralized and limited. bitcoin popular and many who received and trade bitcoin. bitcoin value because they are useful as a commodity.

[Dudeperfect]

I think that Bitcoin is valuable because there is a group of people across the world that believe the concept of blockchain based decentralized cryptocurrencies. Basically, they have faith in themselves, unlike fiat currencies where they believe the government. Bitcoin is valuable today because the early adopters decided to use it as a payment system instead of holding it and eventually the price increased so the value is based on a trust which is built over the years.

[MahalQu2612]

Bitcoin has its value because its shown something and provided a lot of good investments making its demand high. With a high enough demand you can put value on things because people want them and people would put money into it. People have seen the perks bitcoin has and is willing to put money into it which makes it more valuable.

[spadormie]

Bitcoin has value simply because it's a currency lol. It will not have a value if it isn't. It is a cryptocurrency that exists only in the internet. I believe that bitcoin will go boom in the future. Look at the value, it's rising all the time.

[adjiku]

bitcoin is decentralized, meaning that no government, bank or one person has control over it; Can not be overthrown by corruption. It's also trivially divided, which means we can buy small items like cakes with as easy as you can buy a car or even a house. And finally, the code in it is open source, meaning it is available to anyone to view, research, and even modify. This means bitcoin continues to grow and improve. so basically bitcoin is different and have a hard value for the prediction

[eekkaa]

bitcoin has a price because I think bitcoin has a very good development bitcoin can be received anywhere for some payment methods and bitcoin also has a very limited total supply that makes bitcoin very expensive.

[irenegaming]

Anything that has demand and supply has value. This value is dependent on the amount of demand it has and the supply of it. The value is also dependent on what a person is willing to pay for it. For example if enough people think that paying $10k for one bitcoin is fair than you can value it at $10k.

[soulripper]

I think the reason for bitcoin is very valuable is it is easy to move from person to person easily and smoothly, at low cost anywhere around the world. In addition, it is also easy to carry only with a brain purse without leaving a trace.Third, it is decentralized which means not subject to the interests of any one centralized entity or there will be no surprises in the middle of the game (Consider Cyprus, Greece, Venezuela, Weimar Republic, etc.).

[Daniel91]

-I think It is popular. many people accept and trade in Bitcoin because It is recognized and accepted as a currency by many.
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
-Bitcoin acts like an equity investment. The market value of Bitcoins has had wild swings in value and even a market cap.
-Bitcoin is a social network. The Bitcoin "community" is active and acts like other online social networks.
-There are only 21 million bits so it has the same value as gold.

In short, supply and demand
If there is no demand for something, there is no value.
So, as long as there is demand for something, there will also be a certain value of it.

[SnapDown22]

-I think It is popular. many people accept and trade in Bitcoin because It is recognized and accepted as a currency by many.
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
-Bitcoin acts like an equity investment. The market value of Bitcoins has had wild swings in value and even a market cap.
-Bitcoin is a social network. The Bitcoin "community" is active and acts like other online social networks.
-There are only 21 million bits so it has the same value as gold.

everything you say is true that everything is worth it because the investors have a big influence on bitcoin interest and trust in investments with bitcoin

[aljun107]

Because it is being used as a trading stuff. Anything that is being traded should be worthy and has a particular value. And the fact that it gives anonymity to its user makes it more valuable than any fiat coins out there. Its just that it is also being abused by some other people.

[Bitcoinismylife12345]

-I think It is popular. many people accept and trade in Bitcoin because It is recognized and accepted as a currency by many.
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
-Bitcoin acts like an equity investment. The market value of Bitcoins has had wild swings in value and even a market cap.
-Bitcoin is a social network. The Bitcoin "community" is active and acts like other online social networks.
-There are only 21 million bits so it has the same value as gold.

Bitcoin gained that value because of its huge demands in the market and this demand continuously increase because of the people who gets interest in investing on it. Another is its supply is very low and one of the advantage using it is it can't be controlled by the government. There are many pros in using bitcoin and because of this its demand gets higher and higher everyday and its value is getting worthy as that days goes by.

[ErrorLogCEO]

And yes, there is a limited number of BTC @ 21M. But what gives it value as a digital currency is that no one has been able to hack the blockchain yet. It is a well thought out protocol which eliminated the double spending problem.

I don't think that blockchain can be hacked EVER. The way it was designed states that you should have more than 51% of mining power in order for your "truth" to be accepted by the rest of the network and become the "ultimate truth". The raw power needed for that 51% is insane.