What gives Bitcoin its value?

[cllo78]

I think the greatest value of Bitcoin is that I can obtain wealth from it. If Bitcoin cannot bring profits to people, then I believe that many people will not pay attention to it. As for its own value, I think it is still special at least for now. obvious.

[Ariem]

I think people can start to trust in to bitcoin only after they will understand the technology, only after you realize that it is reliable technology you will invest money in it, if more and more people will realize that bitcoin is reliable in the same proportion will grove number of user and investors, and with that bitcoins value will grove, so my opinion is that the value of bitcoin depends from how many people understand how it works.

[saiful1234]

The greastes value of bitcoin.it's supply is limited.There are many more benefits of bitcoin which makes it self worthwhile.

[Aragorn_125]

First of all, bitcoin is a very popular currency. The purpose of banks is to attract customers. For banks, a good bitcoin. I think the currency will become common

[EmJay]

Bitcoin has a big value because the coin supply is very limited.
If the demands keep increasing, bitcoin price is even more increasing.

I agree ,bitcoin has its value because of the limited supply of bitcoin yet the demand of the people are higher. It is the continued support of the people that makes bitcoin grow. For as long as there is me and all of you are supporting bitcoin. The value if it will become higher.

[feny.blackpink]

bitcoin value comes from the demands that accumulated since it was created on 2009.
Because the high demands of bitcoin, the value has increased high too.

[hakertajniak]

i think the most important about bitcoin value is its supply.
bitcoin has very limited supply coin, 21 mil only in the world. if bitcoin demands keep increasing,
the value of bitcoin will increased because the supply cannot increased.

[Thanasis]

i think the most important about bitcoin value is its supply.
bitcoin has very limited supply coin, 21 mil only in the world. if bitcoin demands keep increasing,
the value of bitcoin will increased because the supply cannot increased.

You are right that is the reason why the bitcoin price is expensive but this demand was not achieved instantly it takes few years to build up the trust on the people then only bitcoin was become mightier than mightier in 2017,but now the price is not steady but it is still the expensive crypto and it will be the king forever.

[galkind]

I think the greatest value of Bitcoin is that I can obtain wealth from it. If Bitcoin cannot bring profits to people, then I believe that many people will not pay attention to it. As for its own value, I think it is still special at least for now. obvious.

The current value of bitcoins is based on the opinion of people who are invested with it. They think that the price of bitcoins will increase and this creates more demand.

[BitcoinPanther]

I think it is the people's demand and belief that gives Bitcoin its value.  It depends on how the trader plays the market and how the whales wanted the price is.  As of now, due to the unequal distribution of bitcoin, those who have lots of it in their hand have the power to either bring the price down or bring it up.  So aside from the market demand, it is also dependent on the whales likings.

[surbanaB]

bitcoin is acceptable and many people like it means bitcoin has value. if bitcoin is not liked by people then bitcoin has no value. gold has value because many people love it.
if we compare with the different gold value with bitcoin, the gold of asset investment, but bitcoin is also very worth for investment assets

As far as we know that bitcoin is anonymous , without the control of bank or government. Bitcoin help us in many ways, it gives all of us have the same opportunity to get benefit to do a better life . Moreover, it’s really a convenient way to do with, even it can solve the unemployment problem , some can take it as an extra job or a temporary job. The demand for using bitcoin is getting more and more popular , which makes bitcoin get a higher value. What more, bitcoin is a common transaction which is interactive all the people around the wolrd with each other.

[phelbaby]

Bitcoin has value when it is been converted to a local currency which is spendable to every but when still as Cryptocurrency the value is silent 

[Aragorn_125]

To begin with, bitcoin is the most popular crypto currency! There are demand for bitcoins. This gives a market relationship. I'm wondering why many people know about bitcoins but have not heard about Satoshi

[Yakapo]

 BTC being a pioneer crypto is the first of its kind and was adopted by quite a few people in the early stages, as time went by people realized its value, convenience and use, attracting more users and investors to it, this has increased its value as there is high demand for it but low supply available.

[zhekinsp]

Bitcoin can certainly be considered as a currency but now with heavy investments, it is also a serious asset that people own. It is an equivalent to property or gold for that matter. With more trading and investment in this digital currency, the value is only soaring higher and higher. No doubt, we may as well see a new high in its price this year.

But what gives this invisible Bitcoin its value? It is most sought after asset now with immense money being invested. Is it the nature of it being a currency or the nature of it being an investment? The most interesting thing is that most people are gradually shifting towards the use of this decentralized currency. It is true that the comparison with fiat currency draws its estimated value. But the large investments suggest that it is going to grow only bigger and bigger in size and stature.

As BTC is becoming more and more used, the markets take to a compulsion of accepting BTC as a form of currency in exchange of the good and services. It is indeed interesting to note how Bitcoin in spite of all criticism is only proving to be that of a great success.

Whatever maybe the reason for people buying the bitcoin but as long as people buying the bitcoin the price will increase because everything in the world got value due to its supply and demand.

[gamechangers]

The value of bitcoin is driven by the people using it. Bitcoin is a foremost cryptocurrency and to so many people, it is the only cryptocurrency they know. This has translated into a large community of enthusiasts who hold the coin jealously. They give it value by holding it, believing that the value will continue to soar.

[Mandoy]

What gives bitcoin its value is the trust and support of people. But on the other side the majority engage on bitcoin not as a currency but as an investment with a hope of getting huge profit. But what reason there is we cannot deny that those reasons have strengthened bitcoin and caused bitcoin to be where it is now. The true value of bitcoin comes from the people, without us bitcoin will be useless.

[pawanjain]

Bitcoin is the first crypto currency in the market so we can say that it is the oldest of all crypto currencies. It is the people who keeps on investing in BTC and that sets the price of Bitcoin. It is the trust over Bitcoin that has kept Bitcoin going till now. Also, there are many factors that derive the price of BTC such as news and events in the crypto market. Bitcoin being a voaltile currency reacts very quickly to news most of which are FUDs created by panic sellers and whales.

[nowlscor18]

Honestly, investing bitcoin is like investing in gold, gems. However, the value of bitcoin is not limited. Because, the bitcoin value is expressed in usefulness and convenience with peer to peer settings and not through any intermediaries. So if many people use bitcoin or apply it to fields or projects then the value of bitcoin is almost infinite.

For me bitcoin can give its value buy converting into fiat to give people who want to grow and to help their love once.Were lucky one to have here so give thanks to bitcoin amd the cryptocurrency.

[Verona25]

For almost the entire past century, money produced in the world was provided with gold. However, in 1971, US President Richard Nixon abolished the gold standard, thereby making the dollar an ordinary printed paper.