Why does bitcoin have value?

[mOgliE]

-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.

Some things can be added to your list:

- it was the first created and spreaded on such a large scale, so it is perceived as reliable
- it is anonymous, and this was part of its original success, allowing people to use it for questionnable purposes

[afanase]

-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.

It has value because people consider it valuable. Even gold is only a metal like other metals, value is what people are ready to offer for it.

[Dasha88fed]

I must say that bitcoins are valuable as collectibles. Their reliability as "custodians of value" depends on the number of people that they use. The more people believe in the seriousness of Bitcoin, the more confidence people will have in this payment system.

[ulia93]

Most Bitcoin supporters love this technology and get frustrated when they learn that the price of bitcoin depends on the number of these most supporters. All of them try to rely on the technical features of the system, but there is no way to measure how deep their faith is. Everyone personally decides how much money and time to sacrifice on their beliefs. Paul Krugman, for example, loves the bitcoin system very much, but (as he himself said earlier), almost does not own bitcoin. On the other hand, some people invest money without any understanding of what bitcoin is. They are attracted only by the fact that it sounds cool.

There is no rational way to help determine the real value of bitcoin. In addition, the measurement of value based on the bitcoin circulation indices is in itself incorrect, because there is no circulation, and all transactions occur because money already has some value for people. And the frequency of circulation does not depend on the total stock of the currency. Bitcoin is often used for trading only because there is such an opportunity. Gold is not sold so often, but its price is always high enough. For more detailed information about collectibles and the early history of money, read the excellent article by Nika Shabo.

[Kingigolo]

Bitcoin has value because if the value people give it. If everyone that owns a single bitcoin decides to sell it today, its price will become 0 dollars, as more people invest in it, the more expensive it becomes. So if it's market cap get to 500 billion, the price of one become 500 billion/total in circulation

[denzkilim]

Bitcoin is popular because it is supported by some states. There are those who are critical of him but too many well-wishers with him.

China is too rude to react to bitcoin. If other countries too adopt such a position, this will negatively affect the market of cryptocurrency.

May be. But no one is going to take such positions yet. Or we do not know about it. Banks are interested in cryptocurrency and study it. As it will be further we do not know.

But despite all this, Chinese Internet services and shops continue to work with Bitcoins, and citizens are allowed to operate with them.

It's just FUD man there are many chinese investors on bitcoin and other crypto currencies. Most of the news that are broadcast by media are lies and only FUD to scare people so that they will sell their hodlings. Those FUD spreaders are spreading the same kind of news over and over again and still some people will believe in them and begin to panic sell, and that is one of their main agenda to make those newbie investors be affected by FUD. 

[seanskie18]

Bitcoin have value because we still used fiat as our payment or as our salary. Some people don't recognized bitcoin because they only focus fiat and don't don't have any idea about bitcoin. So it is important for us that bitcoin have a value.

[ufalo3]

-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 growing price of Bitcoin that we see at the moment is the best advertisement for this currency. Bitcoin has wide popularity, that’s why I always believe that crypto number 1 will recover inevitably.

[niteroy]

-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 the first year of the system, almost no transactions were made, and people spent their efforts on the accumulation of bitcoin. Only two possible reasons come to mind:
1. Value as a collector's item (on the same principle as the activities of people who collect rare metals, stones, shells, stamps, paintings and baseball cards).
2. The value that is based on the fact that other people will find your item of collectibles valuable and will want to buy it, thereby enriching the previous owner.
Gold is valuable for these very reasons. Not because it shines (many things also shine), but because it is rare, durable, mobile and affordable for collecting. And falling into the hands of the owner, it can only increase its value in direct proportion to the number of people who want to get it. When a collectible becomes valuable, it can become money. When bitcoins became valuable, one could take advantage of their excellent system for making financial transactions. However, the system remains the same, no matter how many people participate in it. Therefore, the system itself can not be responsible for the value that people invest in bitcoins.

[ToxicMind91]

Bitcoin does have value because people respecting it , using it and storing it. If you're imaging a day that's noone will mine Bitcoin, noone will store it, noone will use it to transfer money, Bitcoin will totally lose it's valuation.

[Momoamzad]

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.

I agree . demand makes things so precious. Because of its raising value bitcoin become so precious like diamond
 So that it has that much value in crypto world and peoples life.

[angelakrasnova]

Because it is for earnings will not be a bad way to increase income. Therefore right now it is considered a great value.

[freshm4ker]

To me, bitcoin is the world's first crypto currency. He has gained popularity recently. It is popular because it has a very large capitalization and bitcoin is also very difficult to be controlled by the countries of the world. He is also very dear and precious for the future.

[Carmen01]

This is digital currency in online world and it's popular because we can use this as a mode of payment the only similar about crypto and in real life it's money with different value another thing the transaction and our own wallet here to save money are the best here so it's valuable to us if we use this.

[Pancheng]

Stone doesn't have a value but is a stone maker shape it into something else like statue, mortal & pestle, or into shimmering necklace, beautiful crown with small & nicely polish stone it will have a new value, same with the BTC, they have their value because of people who develop and many supported it, thats how it blooms.

[jeronimosuykens]

Bitcoin is valuable because it pioneered the adoption of blockchain technology to create a new payment platform in the 4.0 industrial era. Bitcoin was born and brought in a lot of advantages in the payment and financial management that previously no currency can be resolved. With a very small number of only 21 million bitcoins, I am confident that bitcoin will grow significantly.

[Charloz24]

I think that bitcoin is valuable because of its exceptional idea! Also important is the fact that only 21 million coins have been issued, which gives it even more value! Bitcoin will become really valuable, when everyone in the world will find everything measured in bitcoins!

[joms123]

Because we give it value, ultimately. We do that because of its utility as a currency and the features it brings to the marketplace of monies.

[EmmanCryp]

Bitcoin has value because many people have faith in it and are ready to acquire it as a store of value. The more people having faith in it, the better. This is why we can convert it to fiat and so use it to pay for goods and services

[Ris88]

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