Why does bitcoin have value?

[aencarnaci]

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.

Bitcoin is much better than gold because of its volatile nature. Gold is unable to generate handsome capital in a particular time frame whereas this is possible with bitcoin. People who were previously investing into bitcoin are now interested in bitcoin.

Gold demands too much patience and people don’t have that much time because things change fast these days. Bitcoin is the future asset of the world rather diamond.

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[Sanugarid]

-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 of the things that OP mentioned is true. But what simply explains this is that, anything that has a demand in ghe market will surely have a value or price. Bitcoin is having a higher market value than other cryptos because of its large community of users that generates high demand in the market. Since Bigxoin is now getting more popular, we could expect that its market price will be more expensive in the future.

[humayan]

Many people's are very interested bitcoin.
It can be used simply to earn.
Bitcoin consider as a businesses.

[Adine.lablab]

There are plenty of terms that might confuse the layperson but most of us probably know what the word "money" means. Cryptocurrency by contrast can be baffling. Because it recognized the accepted as a currency and the major factor for bitcoin users. Bitcoin have a higher market value than other crypto

[$$$sparkles$$$]

Bitcoin gained value when it was accepted as means of payment for goods and services. When more and more people and establishments started accepting Bitcoin as payment, Bitcoin started to gain more value overtime. So it has become a form of currency in the digital world. And when more people buy Bitcoin, even more value is added. Which is why Bitcoin is at its current status as the top digital currency.

[juiceannabel]

if you look at 2009 or 2010, bitcoin value was no more than $1.
but as time passed by, bitcoin has gained so many audiences that get interested on it.
so the price increase as well

[Singbatak]

The number of people become aware of and interested in Bitcoin is growing. If something is both rare and useful it must have value and demand a specific price, with all other things being equal. Like the Gold, it is relatively expensive because it is rare, hard to find and limited in supply. Gold also has some uses to which consumers derive satisfaction from utility.

[Mazda17]

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.

Yes it's true your words, everything you mention it has value all then from that many people dare to assume the goods are valuable and very valuable even the people willing to exchange with money for those who have the goods.

[Alexnelepa92]

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

Of course, the consequences of the network effect value of Bitcoin has its own unique characteristics and problems. As long as the network is relatively small, the entry and exit of each new group of participants can generate significant price fluctuations, resulting in huge profits for earlier participants. Unfortunately, if you look at Bitcoin superficially, it's all very suspicious: it looks too good to be true. Hence the massive emergence of opinions that Bitcoin is a pyramid or scheme

[pokeronlinestatus]

-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?

You are right. The demand of Btcs is somewhat related to the value but this is not just the demand but other things also add up to the situations like increment in the price of the coins .Btcs are now having the highest possible value and I don’t think so that it is now at a stage of progress where the demand really matters for the sake of stabilizing the value or price in the market .it is now far beyond these barrier.

[giogio0504]

I think decentralization and anonymity are main reasons of its value.

[deviltasha]

Its adopted to modern needs, everything is devitalized, so we need digital assets also. This is the reason for me.

[J Gambler]

-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 has value and so does other cryptocurrencies because a number of people have been actively using it and utilizing the virtual coins to do real jobs and real transactions here in the real world. WHich means that to utilize such a vitrual currency it is needed that we do it on a basis that this have value just like a stock market in which the name is being sold and bought

[Adine.lablab]

Bitcoin does have value because bitcoin offers an efficient that means of transferring money over the internet that controlled by the decentralized network with a transparent set of rules that presenting in alternative to central bank controlled fiat money. Bitcoin has been a lot of talk about how the price of bitcoin and set out here to explore and asside of demand and supply the value of bitcoin has being usefull and decentralized digital currency.

[Zyborg]

BTC may have value due to some of these factors,its based on Blockchain technology which is more safe and secure.Its more lucrative than other cryptocurrencies,2017 can be given as an example for BTC.Its easy to transfer from World one place to another place with less fees and in few minutes  compared to other transactions by financial institutions.Its trusted universally by people,that is why after depreciating by 40% its value is not crashed to bottom line.BTC is easy to take away anywhere unlike fiat currency.It carries high risk and high return.It can be used for online shopping now.Its decentralized peer to peer currency.

[leexhin]

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 .

[doreraj]

Yea question of value is one of the main ones, as for me the main staff is people believe that it valuable the first reason!)
more people believe in t's value more  price we see

[Fixart96]

Yes bitcoin must have value because bitcoin is a digital transaction tool that is very easy to use around the world, the value is also very fantastic. And bitcoin can also be invested for the future then bitcoin can have value.

[Biastar]

That is because community and population deems bitcoin valuable. Just like any other things of value, like jewelries. Needless to say, what makes one more valuable than the other is the number of faithful supporters that uses it and desires it, and so the edge of bitcoin in comparison to other cryptos.
Also another ingredient that makes it valuable, is it is limited (21 million).

[howlong358]

Bitcoin got its value because its the mother of all cryptocurrencies. Its limited supply makes the value become high because you need to bid higher if you want to buy bitcoin.