Why does bitcoin have value?

[ashfer]

Bitcoins has value as it has gained trust of everyone globally , its value keeps growing as result of the trust that was being build by its investors on it.BTC has proved itself to be one of the best crypto currency which is beneficial on long run.Last year the value of bitcoins increased and crossed 20K USD as a result of more demand for bitcoins by its investors later the price started dropping because the existing btc holders started withdrawing their coins as they thought that the market will crash after a hike which resulted in a panic situation for new btc holder and they also started selling off thinking that they will end up in loss .The value of btc increased as it has become one of the most attractive form of investment which does not make the investors pay tax nor have to disclose their identity.

[Malam90]

Bitcoin is limited to 21 Millions in number. It is like gold. Today people prefer Bitcoin to gold for holding future investment. Bitcoin value is now cheaper than last month. It is time to buy Bitcoin.

[Noore Najjar]

-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.

Bitcoins are produced, or "mined," through an arrangement of complex scientific equations gone through PCs. The mysterious maker of Bitcoins set a top on add up to Bitcoin volume. Once that number hits 21 million, no more Bitcoins can be produced. These advanced coins would then be able to be purchased or sold with different monetary standards and utilized as a venture or cash to purchase products from any venders who acknowledge them

[kuntet99]

because everyone is already feeling with the bitcoin, and that's where all can judge what bitcoin is.

[gleidsonxavier]

https://bitcointalk.org/index.php?topic=2777494.0

[Aderiho Bitjones]

Since the bitcoin is the first crypto currency. But she has gained popularity recently. It is popular because it currently has a very large capitalization. Bitcoin is also very difficult to control by world countries. Therefore, he is so dear and valuable

[ovcijisir]

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.

Everything can have value as long as there is someone willing to trade something(item/service/cash) for it.

[Raju Ahammed]

Bitcoin value is the top prizable thing in the world i think.Bitcoin popularty or it's comunity is so high.Everyone show there prdiction on bitcoin price.When bitcoin price rising high then the bitcoin comunity enjoy the profite form there investment.Bitcoin also pridictable for it's trustness.Everyone trust bitcoin in there life.

[LegendaryMiner]

-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.

You brought some good points, except for the last one. If you refer to the fact that both have limited supply, that's a strong aspect of it. However, that doesn't make both have the same value.
The value that people see in things depends not only on scarcity, but also on usability.

[Doge dealer]

people find it extremely convenient to pay for goods and services with bitcoins because others are willing to accept and exchange goods and services for bitcoins, the fact that it does not need a physical bank for payments to be sent or received and as such government and tax authorities find it hard to trace and unlike physical money that can be made bitcoins has a limited amount and as such the amount of devaluation it will experience is very limited . the price of bitcoin is volatile and as such it will experience highs and lows. for these reasons among others bitcoins is very valuable   

[hdasd]

Bitcoins has value as it has gained trust of everyone globally , its value keeps growing as result of the trust that was being build by its investors on it.BTC has proved itself to be one of the best crypto currency which is beneficial on long run.Last year the value of bitcoins increased and crossed 20K USD as a result of more demand for bitcoins by its investors later the price started dropping because the existing btc holders started withdrawing their coins as they thought that the market will crash after a hike which resulted in a panic situation for new btc holder and they also started selling off thinking that they will end up in loss .The value of btc increased as it has become one of the most attractive form of investment which does not make the investors pay tax nor have to disclose their identity.

Bitcoin is money, the value of money is the value of bitcoin (if one day the world can be used universally, it is the world currency). Only bitcoin is still growing, its value is not so obvious.

[s.mahmood]

Bitcoin has gained a high value because people interested to it day buy day.It is a worldwide crypto currency. Demand rise day by day and value will be growing. I think it will prove itself that btc is the best currency of the world.

[onnz423]

-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.

Like all things, it has value because everyone agrees it has value. For example, rhodium and palladium have value simply due to their rarity, it has nothing to do with their utility. Limiting the number of bitcoin, whilst increasing the difficulty in obtaining leads to progressive scarcity, as each new bitcoin becomes more difficult to obtain than the last. This in combination with increased demand leads to insufficient bitcoin to meet demand, hence the only way to compensate is to increase the spending power of each satoshi.

[uchiikina14]

-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 is an innovative digital token system that fully satisfies the requirements of sound money: durability, transferability, divisibility, scarcity, recognizability and fungibility. Bitcoin is digital cash.
- How it works: To track who has how many bitcoins, bitcoin uses a single shared ledger called the blockchain, which is distributed on nodes everywhere and replicated over and over. Miners from all over the world then ensure the security of the blockchain, which is what gives bitcoins value. This security method is called proof-of-work, where adding new entries ("blocks") to the blockchain requires computational work. Since all of the blocks are chained together, this means that changing a record on the ledger requires a huge amount of work, with the amount of work required increasing rapidly as new blocks are added and time goes by. After the addition of a few blocks, the previous blocks are forever immutable. Bitcoin and its blockchain are intertwined because the miners are paid in newly issued bitcoins and transaction fees for the transactions the miners process. New bitcoins are released on a fixed schedule and there will never be more than 21 million, currently 15.7 million units exist.

[Harley29]

-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.

Right it does have a lot of benefits for bitcoin, we can get a lot of shopping in bitcoin at online stores and for this we will not have to go out of home we can use bitcoin and buy many big things like house and mobile and other thing. Now digital currency is common people prefer using digital currency than real currency because it does not take much time as transaction fees is now so large, we can pay bills using bitcoin and can serve the poor people as well.

[Erik Fox]

Is jewelry valuable because it's made of gold, or is gold valuable because you can use it to make jewelry?

You could make a necklace from copper, but it wouldn't be as valuable as the gold necklace because gold is scarce.

[Clifford Lee]

Is jewelry valuable because it's made of gold, or is gold valuable because you can use it to make jewelry?

You could make a necklace from copper, but it wouldn't be as valuable as the gold necklace because gold is scarce.

Most people who own gold, hold it because they want to wear it??? Have you ever heard of the federal reserve? What about the trillions invested in gold on wall street? Besides that, I would rock a bitcoin chain any day of the week!

[Roland Black]

It has value because the people who use the currency says it does. Why is USD worth anything, it's nothing more than a piece of cloth. It is not backed by anything store of value like gold. It has not been backed for a while. In the production of any crypto coin, there is the value it takes to mine that coin. It takes electricity to mine coins, so there is a basis of value in that. There were times when it cost more to mine what a bitcoin was worth on the market. I'm not an expert and someone can please correct me if anythings wrong, for my better understanding, but that's how I see it.

[gundala]

Bitcoin is limited to 21 Millions in number. It is like gold. Today people prefer Bitcoin to gold for holding future investment. Bitcoin value is now cheaper than last month. It is time to buy Bitcoin.

In addition to the limited amount, to mine bitcoin required considerable tools and costs. Once circulated in the market, its value will continue to increase as market interest is high. That is, the big demand makes bitcoin has a higher price. Increasingly popular, bitcoin is increasingly sought after, all vying to be part of the successful development of financial technology.

[Jerylo]

bitcoin is inecreasin in the daily day by people more profit in the btc.bitcoin valu is reduce and increasin bitcoin company take more people do the job and more value in the increasing in govt