Why does bitcoin have value?

[ICOTREND]

-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.

[Alexnelepa92]

-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.

By and large, anonymity may be necessary, and in countless other cases, including not violating the letter of the law. For example, shopping in a store intimate products. Or financial support such as charity, in cases when the fact of this activity do not want to advertise. In General, we will not take into account the moral side of the question. Important: regardless of our relationship to it there is a demand for financial privacy, and crypto-currencies to satisfy it.

[Anti-Cen]

"Why does bitcoin have value?"

It has value because of Faith in BTC can be converted back to $USD and that's backed by the barrel of gun you see

Trouble is $USD get converted to USDT or so the story goes but most of the USDT are fake
and cannot be converted back in to hard cash if more than a few people exit the market.

Typical Bernard MadOff type scam and Bitcoin going down is due to crazy high fees and
the game is up for USDT and has little to do with sentiment coming out of China, France or tim-buck-two

[bicoin110]

becuase of people stablishing. people can give value for all things

[Crytptohack]

-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
-There are only 21 million bits so it has the same value as gold.

It is not hard for governments to track the movement of BTC from wallet to wallet. 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, it's from Forbes and the podcast is named Unchained)

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.

[filharvey]

Bitcoin has gained such a high value due to its high demand and its demand has increased high as people found it to be worth the investment as its supply is limited and it being totally out of the reach of the hands of government.Also people found it that it could not be hacked by anyone unless we reveal the private keys of the wallet in which it is stored.

People are already fed up with government's currencies which are subject to deflation and also as bitcoin earrings could not be taxed directly, most people found it as a safe haven unwilling to pay the huge percentage of taxes.

Also payments could be sent to anyone at low transaction fees and so when people found a bunch of useful factors in a single currency, they just didn't want to miss it.

[o_e_l_e_o]

For the same reason gold, diamonds, precious metals, etc, have value. Because society has deemed these things valuable even though they have no intrinsic purpose, and so people will pay fiat for them.

[signalbitbot]

People made bitcoin valuable.

[GREATLOVE]

-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.

Because Bitcoin is a very potential coin from 2009 bitcoin biuild its own self to become greater today. So that thereare many people now very affected in the price since bitcoin is so dump.

[Mind Control]

Here answers the topic accurately:

What determines the PRICE of Bitcoin? The VALUE of Bitcoin at a particular moment.

What determines the VALUE of Bitcoin? The SUPPLY and DEMAND of Bitcoin in the economy.

What determines the SUPPLY of Bitcoin? Currently, the MoneySupply-Inflation rate of 25 BTC every 10 minutes, and traders willing to SELL Bitcoin to BUYERS in exchange for other supplies of money (currencies).

What determines the DEMAND of Bitcoin? Traders willing to BUY Bitcoin from SELLERS in exchange for other currencies.


Therefore: BUYERS, SELLERS, and MONEYSUPPLY-INFLATION (miners) determine the VALUE of Bitcoin, which determines the PRICE of BTC as BUYERS and SELLERS trade based on that VALUE (or supply and demand) of Bitcoin.

visit this thread for the full article/post: https://bitcointalk.org/index.php?topic=140793.msg1499338#msg1499338

[zhekinsp]

-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.

The bitcoin has demands so it has value too,when the demands gets increases or decrease the price will change according to that.It is also like gold or other assets it has high value due to its limited availability.

Why bitcoin value to be same as the gold value?Gold is not avalilable in 21 million grams or KGs?

[kier010]

bitcoin is decentralized and limited. bitcoin is popular and many accept and trade in bitcoin. bitcoin have value because they are useful as a commodity. bitcoin is a currency just like gold or fiat or anything as long as it can be used to trade it has value. and bitcoin is hard for government to trace and tax.

[rappyboy171]

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

[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.

bitcion have value because they are useful as a commodity. bitcoin is a currency just like gold or fiat or anything as long as it can be used to trade it has value. and bitcoin is hard for government to trace and tax. thats all for my opinion

[yanifitri20]

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.

[stephylarde]

becuase of people stablishing. people can give value for all things

It is popular. In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin. It is recognized and accepted as a currency by many.

[Satry]

Bitcoin have value because it creates utility in a number of ways. Bitcoin in circulation and the maximum that will ever exist. Bitcoin is all of these things, like things that are durable, divisible and fungible have value and all of its backed by an enermous distributed network of bitcoin miners and a worldwide of bitcoin nodes. Most of all bitcoin is very volatile relation to other currencies thats why bitcoin have value.

[Melvin Narag]

its because the popularity of this and lots benepisyo and interest of this also can earn easily

[SamReomo]

There is not only one reason that makes Bitcoin valuable but there are 100's of reasons and features that makes Bitcoin valuable. The main thing that makes Bitcoin more valuable than other cryptos is its huge community, and its users who are faithful towards it.

Some other important factors that are helping Bitcoin to gain its value are the following.

• It is very secure and can be easily used by everyone
• It is available to general public and can be used easily
• It is main crypto for exchanges
• Its supply is limited to 21 million
• It is decentralized

• Anyone can trade with it without any regulations of face, race, or nationality
• It is accepted by many popular merchants
• It can be easily exchanged into cash
• It can not be stolen easily
• It can be useful by teenagers who can't do many things because of their age
• It has no physical form and that's why you can store millions worth of $$$ in the form of Bitcoin within your wallet
• People all over the world accept it, and even those who have no id card or other documents can use it
• It is the first crypto-currency, and the king of the game
• It is more valuable than gold

Although, I have mentioned some of its features that make it valuable, but those are just few of its qualities. If you do deep research on it you will be amazed by its qualities. It will be the future of the other currencies., and I am very sure that the overall economic system will be changed just because of it.[/list][/list]

[levvv]

i think bitcoin has a great value because its supply is limited.
The limited supply means the greater value.
The more demands, and limitied supply = great value more.