Why does bitcoin have value?

[BlackPanda]

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.

As has been projected from the beginning that Bitcoin has many advantages and also has many conveniences. That way, Bitcoin Can be used in making very small transactions and doing very large transactions as well. This is what differentiates Bitcoin from other things. value Bitcoin is so incredible and Bitcoin is a much more valuable commodity.

[Rustandy]

- Firstly about Bitcoin's ability 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 cheating 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 people believe that Bitcoin has value.

[Analea1]

- Firstly about Bitcoin's ability 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 cheating 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 people believe that Bitcoin has value.

- Firstly about Bitcoin's ability 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.
Simply bitcoin has value because of its demand, and it's demand is increasing day by day. And it's beyond the reach of the government.

[sukoyomi]

-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.

because many people in this world who believe in virtual currency like bitcoin. the more people are interested in bitcoin, the higher the price. for example in 2014 bitcoin has a price of about $ 3000, and now bitcoin has a higher price, and that is proof that bitcoin is in demand.

[kb24mvp]

I am not expert in this but to my mind the value and the number of supple are connected. To my mind, the limitations always result in great popularity and the same thing happened to bitcoin, which limited supply resulted in the highest value

[Chachen19]

-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 valuable because it enables companies to raise capital quickly and efficiently and at the same time it gives investors a favorable environment to grow and earn more. Technology is becoming more modern.

[Musia]

Well, he is quite old in this field and now he has become quite popular and in demand among many people. So, I think so.

[Sesiaw]

Due to the many bitcoin its enthusiasts. and bitcoin also attract investors to plant stocks with bitcoin. Because bitcoin is beneficial, and already quite famous in the world, and also bitcoin is to have a high position digitized digital money.

[almtu]

-I think It is popular. many people accepted 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.

I think it is not about popularity, being decentralized and limited, an equity investment, and social network. The value of bitcoin doesn't rely on the mentions above but I think it is all because of the unique characteristics of bitcoin to manage the digital currency in our world as we are all people who are oriented about gadgets.

[komisan]

Bitcoin offers an efficient means of transferring money over the internet and is controlled by a decentralized network with a transparent set of rules, thus presenting an alternative to central bank controlled fiat money. 

It is seen as a medium of exchange and as a store of value.

Bitcoin gains legitimacy, larger scale investors, and more adoption, its volatility will decrease to the point that volatility is not a concern that would discourage adoption.

The current value of bitcoin is largely driven by speculative interest.  But speculative interest in bitcoin, will decline as it achieves adoption.

[nellakarisma]

+ because the king bitcoin of all coins are there. and until now there is still no coin that can replace the bitcon.
+ bitcoin also been known by many people from senior to junior.
+ bitcoin has also been received in some countries to be made as a means of transactions and legitimate payments such as banknotes.
+ all crypto markets accept bitcoin so it is easier to buy or in mining

[jjjrmy]

Bitcoin value depends on its demand on market. It's popularity and as an experienced one bit on is highly demanded in crypto market. Thats why it always keeps it's price high.

[airdnasxela]

-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.

I think the reason why bitcoin gain High value is because of its functions or the things it can bring on the table. People discover how useful bitcoin is that is why it gain so much demand and like what we know, anything that has a demand has a value. It is also linked to the number of supply. Investments also makes it have a high price.

[Andriannez]

I think it is because the bitcoin have value day by day
First increasing the value of the currency of the bitcoin
And the people recognized and accepted as a investment.
Second they stabilized the network idea of social media to connect people to invest bitcoin.
Third is it might be the investor will be trust the bitcoin currency in their future to better.

[Vzae]

It's because the bitcoin is decentralized, and the higher the demand rate but the supply is limited. that's why bitcoin has value.

[Raidal]

I'll just add why bitcoin is worth. First, there is no central institution that regulates bitcoin. Second, bitcoin transforms the Internet, from data transfer system into value transfer system. Third, bitcoin transaction cost is very cheap so it gives more benefit for the user when compared with credit card transaction cost which reach 5%. Fourth, bitcoin easily detects cheating in the system. Lastly, the status of bitcoin as the ancestor of all cryptocurrency and existing blockchain technologies.

[Watchy312]

Bitcoin value depends on its demand on market. It's popularity and as an experienced one bit on is highly demanded in crypto market. Thats why it always keeps it's price high.

[t39]

The value of Bitcoin has nothing to do with its exchange rate .The value of Bitcoin is not in the tokens used to exchange with each other, but in the network that allows this exchange to be made.

[wiro 212]

-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.

Because bitcoins have many users who believe in bitcoin, they use bitcoin for online transactions and more and more use bitcoin will make the bitcoin value increase.

[chibimanau]

Bitcoin is the currency of the future. It is the first electronic money in the world. Many believe it will bring great value in the future, so they invest a lot in it. Make it even more valuable.