What gives Bitcoin its value?

[Titanos]

People using Bitcoin are giving Bitcoin its value. It will become worthless if no one buy it or use it anymore.

[Ravenangel]

Bitcoin has proven to be a good coin over a period of time Recovering from challanges and banns to recover its value, its best asset however is the fact that ithas a number of uses in the market,, You cn use it to buy other alts, or pay for services rendered,Outside crypto currency, BTC is being used a s a form of pay to get goods and services such as books sold in online store. Other Businesses are also starting to accept BTC as a form of pay, hence its value

[Chopmoney]

I believe since bitcoin has a limited supply and since demand for bitcoin is increasing there will be rise in value

[Doge dealer]

value is attained because of the usefulness and hence the demand of the item. bitcoin has a lot of features that increases its demand . Volatility- price is unstable and can increase or decrease in a minute, its decentralized meaning you can do transactions without having to go through any financial institution . These are just a few of the features that add to the demand and hence the value of bitcoins.

[Dudeperfect]

It is true that there is nothing tangible to back the value of Bitcoin but I think we are living in the era of information technology where data is a new currency. (Think about Facebook is free and always will be slogan and Cambridge Analytica case). It's the information that my wallet contains 1 Bitcoin and we collectively trust that it is valued at a certain amount of money. It has some clever code which makes it different than traditional payment system and that's what makes it trustworthy and valuable.

[robertsu]

I think that all of the limited number of coins issued! This plays a significant role in the value of bitcoin!

[dodz031718]

It has a value because we all believe it is worth something.It has opened up countless financial opportunities for new businesses and technologies.The buying and selling of Bitcoin currency also adds to its value.

[sergio-faucetbitcoin]

Bitcoin has value because people are giving it value. But also the limited quantity, the miners and the proof of work system are making the price. And the fact that you have to buy mainly BTC to buy other coins for the moment.

[baho11]

Bitcoin has value because of people earned money , benifited its prices and especially gives an opportunity to those people who do not have their own work . .

[Keyboard PC]

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.

in my opinion there are many factors that affect the condition of bitcoin prices one of them is from the increase in difficulty to meminig more difficult and the less bitcoin obtained then bitcoin will be more expensive the price not only that the higher the use bitcoin as a means of payment it will be more expensive also because bitcoin is depleting its availability.

[boynamnhi]

It is fast, easy, convenient, safe and economical when using Bitcoin as cash to help Bitcoin have high value. When the market is large, Bitcoin is widely used and when it is a commodity it is of higher value. Its value always increases over time.

[Fairy_90]

It is hard to say that the nature of Bitcoin is valid because not government accepts Bitcoin as well as you can not use it to pay your taxes. In addition, the value of Bitcoin is always associated with traditional currencies such as USD, EUR, CNY and VND. In addition, the intrinsic value of a stock is calculated by its estimated future earnings, since Bitcoin has no income so it is difficult to determine the value.
So, what will give Bitcoin become valuable not really an internal one? There will be no reason to give Bitcoin value if one can not use it as a payment method. Merchants and service providers around the world accept digital money, although most people use it by converting the currency of the country in which they live.

[boynamnhi]

I believe since bitcoin has a limited supply and since demand for bitcoin is increasing there will be rise in value

I agree but worth mentioning when using its great practicality, people have the need to use it so much.

[otong]

I think that all of the limited number of coins issued! This plays a significant role in the value of bitcoin!

although the number is limited and only created about 21 million alone but it will never run out. because the fee of each transaction will be returned to the source, then the source will generate a new number that will be captured by the miners.bitcoin is certainly very valuable in the digital world but if in the real world bitcoin is not valuable.

[pabpete]

I believe since bitcoin has a limited supply and since demand for bitcoin is increasing there will be rise in value

I agree but worth mentioning when using its great practicality, people have the need to use it so much.

Bitcoin derives its unique value from the fact that despite its lack of official backing or wide acceptance, it has generated an ecosystem in which many people are willing to trade and accept it.

[OlegK41]

Bitcoin gives value, then he is not regulated and not controlled. Still it is convenient and fast payments in comparison with banks. And of course Bitcoin is a great way to invest!

[Lebovsky]

Unfortunately, bitcoin is not yet a full-fledged currency, which you can perform daily operations, such as Fiat. At the moment, bitcoin is an asset with which you can make good money. And it works on the principle of gold. Its limited number causes its constant growth. Let's hope that the status of bitcoin will grow in the near future, but it is unlikely to happen so soon.

[Al-e_x]

Normally its supply and demand, if there is a good news like a big country regulate the bitcoin then this news will add the value to bitcoin as more people start investing in it and this brings more demand for bitcoin.

I agree with you, and one of the factors that make high demand, is the bad condition of the world economy, as happened in south korea and in china, many companies are going to fall, so investors are looking for other assets to save their investment. and their choice is bitcoin.

[DaveWave]

It is common and general rule that when demand went up then its price will grow. This is not something new as even fiats also work like this. So when bitcoin becomes mainstream in 2020 then surely 1 bitcoin will be worth $1 million or even more.

[daarul50]

It is hard to say that the nature of Bitcoin is valid because not government accepts Bitcoin as well as you can not use it to pay your taxes. In addition, the value of Bitcoin is always associated with traditional currencies such as USD, EUR, CNY and VND. In addition, the intrinsic value of a stock is calculated by its estimated future earnings, since Bitcoin has no income so it is difficult to determine the value.
So, what will give Bitcoin become valuable not really an internal one? There will be no reason to give Bitcoin value if one can not use it as a payment method. Merchants and service providers around the world accept digital money, although most people use it by converting the currency of the country in which they live.

If bitcoin is not associated with USD, EUR, and CNY currency how can we measure or know that bitcoin has value? So is the case with gold, diamonds, oil, and other assets. Those assets must be measured in USD currency so we know the price movements of those assets in the market.