Why does bitcoin have value?

[DoublerHunter]

Bitcoin has a value because the people agreed to give bitcoin a value. When the price of bitcoin is too low, a lot of people are buying it because they have the belief that bitcoin is the future and the other people also believed on that thing and that keeps the price of bitcoin going up until now and we can see that the price of bitcoin is ranging from 7,000 USD to 10,000 USD because of those believers.

[guffie]

-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.

Yes, I agree with everything you say. But it is most important why Bitcoin is so valuable because the amount of Bitcoin in the world is very limited and not everyone can easily have it. With a limited number but a lot of his enthusiasts. This is what makes Bitcoin very valuable.

[luigi3]

I think because of many reasons like we can use it for investment ,for paying(payment system),for earning.Also bitcoin has many characteristic like its has the power of blockchain ,its has the speed of transaction and so on,i think these are the reason why bitcoin have value.

[Daniel91]

Value of bitcoin comes through supply and demand in the market.
So, as long as you have people willing to buy bitcoin, your btc will have certain value.
No demand, no value

[redhorsebeer1980]

Some people and investors find it useful for their business.Not only crypto currency traders are buying bitcoin but also those industries who developed their strategy of business by using bitcion.The demand of bitcoin is growing and that's the reasons why bitcoin price is growing.More investors and more traders more demand of bitcoin.We know that we can earn easily by using it.

[Nachoo]

Everything have its own value, bitcoin gained popularity among internet's investors, the more its popularity grows more value will gain. It's the rule of the request and offer, when will be nearly impossibile to generate new bitcoins from mining, its value will be astonishing for a currency, even more than nowadays

[teklang01]

Bitcoin has value because it is precious like gold in digital world. It is mined using equipment and it is limited in quantity that is why it is in demand because people want to own a part of it. The price is increasing or decreasing depends on the demand and supply.

[bkrobottc]

It has value because we can convert between USD and bitcoin.
People recognizes it so and it have value.
P/s: Sorry some of you if my English confuse you 

[fistteam]

Bitcoins are valuable because many people invest in it. The amount of bitcoin is limited. Bitcoin technology is modern and many people know it.

[Kisahazumaki87]

because bitcoin now have the price is very fantastic and everyone has a lot to know bitcoin therefore bitcoin now already a thing in enjoy doing by a lot of people and can also help US also

[Gigotto]

we all know about laws of supply and demand. [SUPPLY states that the quantity of a good supplied (i.e., the amount owners or producers offer for sale) rises as the market price rises, and falls as the price falls. Conversely, the law of DEMAND  says that the quantity of a good demanded falls as the price rises, and vice versa.] the power behind bitcoin value is in supply law. WHY? Because the more people around the world or countries accept bitcoin and make use of it, the more it have value.

[LKing]

The value of bitcoin is all in our minds, just like any currency. It's only valuable because we both agree that it is.

[mudasarali43]

Yes, it is a major factor for many bitcoin users because it is hard for the government to trace and tax but the technology is really valuable that is why most of the countries using bitcoin legally and widely in the country,

[Th3developer]

not every commodity is convenient to use as money. For example, take your fish: it will quickly deteriorate, it is difficult to divide into equivalent parts, besides, depending on the exchange rate, you may have to carry an absurd amount of fish with you to make all the necessary purchases. On the other hand, silver coins also have their internal problems if they are traded in very large or very small quantities. In this Bitkoyn undoubtedly surpasses them, and therefore it is much more valuable. It's just the best money.

[Husen Alikhsan]

Bitcoin has gained the highest value because its demand is increasing and it is beyond the reach of the government. Thanks

[Mujensirio]

because people bought it

[sukma2013]

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. Just as many credit card information and inappropriate credit card theft are found in the Bitcoin system it is difficult to do and will be instantly detected. The last factor is the belief that Bitcoin has value.

[hurriebra49]

Bitcoin have great value because the demand of bitcoin is increasing day by day and the updates of bitcoin effect the price also bitcoin is in limited quantity and have very great qualities that is why bitcoin price is great and value is also great with a good market capitalization,

[samiul12]

I am not sure about this question that what are you actually asking? But if it is about the price then it is a good one. In this world everything's is worthy has a price. Now in the digital world the popularity of bitcoin is far beyond imagination. Everyday more people joining so it has value and it should be raised as well.

[Pixmartz]

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. Just as many credit card information and inappropriate credit card theft are found in the Bitcoin system it is difficult to do and will be instantly detected. The last factor is the belief that Bitcoin has value.