Why does bitcoin have value?

[bayupermana]

Bitcoin has the valuation because they are using it as the middle currency to buy or sell stuffs, it's likely USD the main currency in fiats.
Sometimes , i do think people are a bit overestimate Bitcoin by boosting the price too much and it's totally a bubble but it does have real value.

[Aztek]

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.

People does have a price becasue of the people who want to engage their chance to invest to Bitcoin. I think people support is a vital part for Bitcoin to develop and to established a price on the market because based on my time on trading on exchanger we could not sell a specific Bitcoin if there is no people who want to buy it at the first palace so technically we moved the price of Bitcoin.

[momoro]

-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 2014, Alstyne published an article reviewing several factors that cause bitcoin to have value [3]. The first thing about Bitcoin's ability is to keep someone from spending the same money over and over again. for systems running without central use, the method used by Bitcoin is brilliant. Bitcoin is able to transform the Internet from a data transfer system into a value transfer system. the second factor is the very low cost of Bitcoin transaction even close to 0, giving more benefit to the users when compared to credit card transaction cost which reach 5% of total money spent. The third factor is the ease of detecting fraud in the system. as there is a lot of credit card information and inappropriate credit card theft, in the Bitcoin system it is hard to do and will be instantly detected. The last factor is that people believe that Bitcoin has a value

[TIDOVEE]

The value of bitcoin is in its safety and promising delivery, its price is also worth it. Bitcoin has what people need, bitcoin make life. With bitcoin you are happy and confident. Atleast when one is rich worries are reduced. Bitcoin is highly valuable. Its price presently, compare to other altcoin in crypto currency market is still. Preferred and rated. So, it is worth been valued.

[Granslam]

Anything that is appreciated has value. So is bitcoin. Because people foubd interest in this special cryptocurrency and they saw huge potential from it, they would do anything to get a hold of it. Like buying, and the moment a person bought bitcoin, it has been endowed with value ever since. To put into simpler terms, one has to find interest at first of course then buy the product for it to have a value.

[Escf4]

Anything that is appreciated has value. So is bitcoin. Because people foubd interest in this special cryptocurrency and they saw huge potential from it, they would do anything to get a hold of it. Like buying, and the moment a person bought bitcoin, it has been endowed with value ever since. To put into simpler terms, one has to find interest at first of course then buy the product for it to have a value.

Bitcoin has value because it is considered currency by some establishment only that it is a crypto type currency and also acceptable in any transactions in the internet that is why it has value.

[cryptotaste]

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.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.

[ninjanel]

Why does bitcoin have value?
Maybe because we create different money in the world bitcoin is more valuable than money this is created by program in computer with various formula and we put value. I agree if in the future bitcoin will conquered the world with has a very strong security.

[Yarsk]

Bitcoin has value because bitcoin is a currency and at that it will be generally accepted or accepted by a few members of the society, bitcoin has value because bitcoin serve as a secondary currency to the people who have the knowledge of bitcoin and are using it. Bitcoin has value because it is decentralized and not under the control of any government and it agencies.

[montefalco09]

Bitcoin does have value cause people make it valuable to its different terms.

[mung_nasib]

Because to attract the number of enthusiasts at any time in order to try to invest in it so as to make the existence of bitcoin increasingly popular in the affairs of looking for an advantage in the future.

[colvis]

I this life anything that is generally accepted is always very important and for that important it will increase the need and desire for it, since every one want to have it it must definitely increase the value  

[imteaz]

Because people want to buy bitcoin, that's why it has value. If none was interested it wouldn't be here at $10,000 price. And there are only 16 million bitcoin, supply is so little, everyone want to have bitcoin, that's why price went up so fast.

[tramadols]

-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.

as you say, bitcoin has value because demand in the market is so large and has limited supply. this is what makes bitcoin popular today
I agree one factor of some countries prohibits bitcoin, because it is difficult to detect and cost on state taxation. but the benefits of bitcoin are so great for those of us who are involved

[Manchumichael]

Because people want to buy bitcoin, that's why it has value. If none was interested it wouldn't be here at $10,000 price. And there are only 16 million bitcoin, supply is so little, everyone want to have bitcoin, that's why price went up so fast.

Why people rushing to buy bitcoins means the maximum limit is already set it's 21 million. they know after the last block mined the value of the bitcoin will go skyrocket and that time those who are holding bitcoins they will become a milliner. So people buying bitcoins and holding there is more demand in a market that's why the value is high.

[bitstalker23]

Bitcoin's adoption rate and the scarcity of the supply of bitcoin that's the simple way to explain how bitcoin gets its value. It is same as gold but it doesnt have physical form and can only obtain from the internet.

[phpartisanmaster]

-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 becoming more popular each day because of social media's so its normal for the state of bitcoins to become like this today. There is a lot of consumers who are interested in cryptocurrency and that what makes bitcoins become the mainstream.

[Boysen]

Well it's value is speculative. Meaning people just thought of its value and accepted it. People can't really decide on what value should tgey endow on bitcoin because it is digital and there is no cost from mining it. However it's a currency so it should have value. And this is the reason why bitcoin has a high volatility rate. The value can't be decided on since there are no physical representations and bitcoin's value is speculative.

[Tubagus86]

In some countries already use bitcoin as a medium of exchange when making a sale and purchase transaction, it means that bitcoin has value in that country, even higher value than that currency. This proves that bitcoin is a very high asset value.

[weblaraveluser]

-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 popularity grow by itself due to the massive miners and traders in the market but most of the popularity of bitcoins are earned through promoting ico's since all the altcoins value is based on bitcoins and that is the reason why bitcoins will be always in the top of the line.