Why does bitcoin have value?

[iliev41]

Many people accept and trade in Bitcoin because it is recognized and accepted as a currency.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.It is important for us that bitcoin have a value.

Bitcoin is, in some ways, its own case study. It's not representative of all cryptocurrencies. Bitcoin originally was just a peer-to-peer payment platform, but increasingly it's becoming the reserve currency for all other cryptocurrencies, and that means it's also becoming a store of value.

[ondabeat]

Bitcoin has gained very high value because its demand has increased greatly, because people think it's worth investing because its supply is limited and it's really beyond the reach of the hands of the government. Also people find it that it can not be hacked by anyone unless we reveal the private key of the saved wallet.

[Krispin47]

-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.

If you look into the Silk Road bust of the government agents, One secret service and one DEA if I remember correctly that stole the BTC from the Silk Road, they attempted to wash the trail leading to them. But the agents that were working on the case were able to track the BTC to them and in the end, bust them. Laura Shin did a great podcast on this

[Wong Goblog]

Bitcoin has value because it can be used for transactions, even the volume of daily transactions of bitcoin can reach more than $ 20 billion per day so bitcoin holds great potential in the economy and is very beneficial.

[Linhkej]

 Bitcoin is of high value because it is a new revolution. It offers many people a low-cost, non-intermediated remittance service. These are the strengths to meet the needs of billions of people around the world.
An excellent money transfer tool like Bitcoin will be worthy of high value.

[Muspion]

If we look back, where there are many promotions to get bitcoin for free, until bitcoin is worth this. If bitcoin has no value, everyone would not want to know bitcoin, like the previous year

[20_JeRRy_20]

Bitcoin is a simple, elegant and modern replacement for the whole concept of money. And it has value for the same reason that paper money in your wallet has value: it simplifies the exchange of goods and services, and this is no longer about what we had in the ancient environment of the barter market, but in a modern situation where network interactions through the Internet play a crucial role.

[brightology]

Bitcoin has many functions that can be use for online transaction and bitcoin can be used for payment of bills, purchasing goods online and including ordering of goods, therefore Bitcoin is an asset that can be accepted for many transaction. That is the most reason why, bitcoin has extremely value.

[daniel2023]

The value of a thing depends on its relevance. Bitcoin have changed the financial system totally. The value will keep growing as far as it keep meeting people needs and wants.

[boddy.dy]

Bitcoin has value because this were valued by a lot of people and industry. Also for me I can say that bitcoin has a value because of its demand to others or to its users. Surely if there will be no demand for bitcoin its value will surely vanish. This are also the reasons why the price or the value of bitcoin comes high and low because of the demand. We can say that this is similar to the case of the currency all over the world. One currency will be much or will have higher value to others if its demand will go high.

[Chicryptomama]

Bitcoin has value because it offers an efficient and seamless means of transferring money over the internet and more so it's controlled by a decentralized network hence offering a better alternative to a government and central bank ccontrolled fiat money.
Also it is considered as a store of value and used as a medium of exchange.

[Tipsters]

-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.

All you had said was true except for maybe the last part. Bitcoin cannot be compared to gold because gold is considered as real money. On the contrary, bitcoin is a very volatile cryptocurrency which exists only because of technology. Not being bias with bitcoin but this is the reality. To that end, I appreciate you mentioning the bitcoin community which I think is the main reason why bitcoin has a value and that value will soon reach the moon!

[kalph22]

Because it's limited and hard to mane, you need a low temperature country, high tech machine that so very pricy, and place that has low fee on electricity. You see, it's really hard mining Bitcoin like a really rare Daimon. That's why it has value, plus it got popular in the whole world and a lot of people want to have some of this rare Bitcoin.

[Lataman]

Bitcoin is much more valuable to humans. So there is bitcoin's worth

[lulutika]

I think bitcoin is valuable because it has a solid foundation behind

[Griegura]

Bitcoin is a simple, elegant and modern replacement for the whole concept of money. And it has value for the same reason that it has paper money in your wallet: it simplifies the exchange of goods and services, and this is no longer the case with the fact that we had an antique barter market, but in a modern situation where network interactions through the Internet play a crucial role.

[3philong]

Adding to the trust of the community in a new technology, they hoped for a boom in the value of bitcoin.

[Welhell]

Value of Bitcoin is also depend on buying-selling like another currencies. The technique, fundamental and sentimental analysis also depend on buying-selling, the analysis is human's same opinion.

[poletando]

because bitcoin is the popular digital currencies that I know and many people want to buy it as investment or anything else, the demand of that people is make the price of bitcoin increasing hard.

[jchav010101]

Demand makes bitcoin to have value.Bitcoin is the world's first crypto currency.It has gained popularity recently and more popular because it has a very large capitalization and bitcoin is also very difficult to be controlled by the government in different countries in the world.