How does a Bitcoin have any value?

[PlusOne88]

It is not quite correct to say that bitcoin doesn't have any value at all. Bitcoin do have a value, the entry point to have bitcoin is your paper money or your native currency. Which is logically a representation of your own money in digital form. Only because bitcoin adopts a system that goes with the law of supply and demand, that is why the values are changing. Had it not been the method used to give value to it and choose to used just a fixed value aligned to the actual currency then we can clearly understand that bitcoin does have a value and our views would have changed. Look at the paper in the paper money? Does the paper really hold a value? Isn't it really worth compare to the actual metal coins like those containing the equivalent gold or perhaps silver in coins? Of course the answer is no. But are you willing really carry several millions of coins to represent actual value? If you do then you would certainly use forklift to carry it for you when shopping at malls. How uncomfortable will it be!

[1715225636]

1715225636

[atorle]

It does have value, the value the community agree it is worth by way of trade, much same way we decide gold or fiat currency has value.Bitcoin is no different

[Pasnik]

bitcoin has price because the range of applicants,greater applicants or investors in bitcoin then the charge of bitcoin will upward thrust in addition,but if bitcoin is no call for anymore then bitcoin is its charge again.

Well because of the users that attracted to bitcoin usage. The users who comes in bitcoin that makes the demand increase of price. This is usually happens demands increase does price increase.

[Sled]

Bitcoin does have value because of the demand that is supporting the price of bitcoin and also the beliefs of the people who are with bitcoin and that pushes the price of bitcoin to go up or to stay what it is current price right now. Bitcoin does not have any physical representation but it still manage to have a value in the market because people want it.

[Spend.com]

It all depends on what the next person is willing to pay. The power of decentralization into the hands of the people.

[DonateBB]

Now BTC buyers are forgetting that the task that BTC created, we only buy BTC for the purpose of speculation, make profits from the price difference, so forget about the target created BTC in too the past.

[tambok]

Bitcoin does have value because of the demand that is supporting the price of bitcoin and also the beliefs of the people who are with bitcoin and that pushes the price of bitcoin to go up or to stay what it is current price right now. Bitcoin does not have any physical representation but it still manage to have a value in the market because people want it.

Because of the willingness of the people in having the bitcoin, and prices relies on the demand and the supply, we are really the one having the value of it, so for me  the greatest factor are always on our side, that is why we must protect this in order for us to have a great future, as much as possible all people and countries will know this.

[buternasek]

Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars.

 Rather, Bitcoin appears to have value for the following reasons: It is popular.

In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin.

that's just your opinion, I do not see bitcoin as you say.
bitcoin is received on the basis of trust, of course bitcoin is different from gold, and also can not be equated with the dollar.
bitcoin has its own special features.

[stimliall]

Shops in many countries accept BTC's payment methods! For example, Samsung's physical store accepts BTC payment, BMW now accepts BTC payment!
Many countries have BTC ATMs! BTC can also be used for money transfer!
BTC can perform the functions of money very well!

[squog]

I myself am honestly confused on how bitcoin or any other crypto currencies are backed. I know fiat is backed up ny products, services or basically anything that a country produces as an income to place a value on their money. With crypto currencies, I'm not also sure. Maybe it's more of like how many people themselves buy or sell cryto currencies. I guess it could be backed up by fiat.

[Meowth05]

Bitcoin was once a valueless before but due to investment and circulation occur everyday makes it valuable. Besides, it became valuable because maybe someone use it in other way like trading and people had been recognize it that is why they adopt. Bitcoin becomes valuable because it has a function like fiat, hold and many more.

[viananda2525]

Bitcoin was once a valueless before but due to investment and circulation occur everyday makes it valuable. Besides, it became valuable because maybe someone use it in other way like trading and people had been recognize it that is why they adopt. Bitcoin becomes valuable because it has a function like fiat, hold and many more.

we are consious bitcoin have value while much demand rise in cryptocurrency.without this demand it is impposible for bitcon.this demand caused by it is acceptment in any country.they assume bitcoin technology, ( we called it blockchain ) have good future

[CybereyesWinger]

Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars.
Rather, Bitcoin appears to have value for the following reasons: It is popular.
In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin.

   The era of materialism has long been irrelevant. Although every day, realizing our foundations and dreams, our needs nevertheless demand from us with the word "here and now". Cryptography is the key to fast queries. The good it also develops significant steps. Leaving the Fiats behind, and overcoming the new frontiers of "restriction." Obviously, the current market will be significantly dominant, after the implementation of quantum technology. As an example, the Kelvin Blockchain project is based on quantum computing, which is already an innovation! With the coming quantum technologies, the current market must experience many changes. To be more exact, many coins will leave the market, as there will simply be no demand for them, due to the same technological superiority.
   Kelvin Blockchain project itself is flexible to implementing cryptographic algorithms which will make it one of the safest blockchains ever existed with 10+ signature available from the start. This project does not rely on any particular signature algorithm and due to the multi-client use - on some single consensus. In case of any problems, it is possible to quickly locate the threat and prevent it’s distribution throughout the system. Multiple blockchains with different consensus algorithms, token types, and assignments will be available. The multichain technology allows creating almost an unlimited potential for speed and productivity. Kelvin Blockchain can launch up to 2^64 subchains - more available subchains will benefit in increased speed and security. Moreover, all the blockchains will be processed in one wallet so that the client could have fast transactions, secure investments and cheap smart contracts as well as a lot of other services at his hand.

[Visteryy]

It is increasingly valuable to the community and to the economy.
Besides, it becomes valuable because someone can use it in a different way as the transaction and people have realized that's why they accept it.
It becomes valuable because it has good liquidity, no tax, ...

[VBCryp@]

At present, BTC has extremely high value, the current price of BTC has exceeded $ 8000. That's the price people are expecting, but in my opinion they continue to rise

[leavolnhals]

Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars.

 Rather, Bitcoin appears to have value for the following reasons: It is popular.

In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin.

Bitcoin is also used as a traditional currency. In addition to bitcoin's marginal boundary, bitcoin is the world's first algorithmic currency, bringing many advantages and benefits to investors. Traditional currency - inflation, devaluation, tax hikes, transaction hiccups, etc. Along with the Blockchain system, the explosion of the 4.0 carrier, has created the value of bitcoin. Bitcoin is only growing and spreading vigorously in 2017 which has made many nations afraid, bitcoin fears will be bubbles.

[Trish14]

It's just your opinion, so what do you think gold is worth?
Bitcoin, like gold, has a safe-haven function, and the total amount of bitcoins is certain, and bitcoin is the representative of the blockchain.

Yes and these opinions are sampled and aggregated through how much we buy and invest in it on the market and these market dynamics whether demand or supply determines how we all value bitcoin at any moment in time and that is its true value.

I am a worker and my salary is not enough for my daily expenses and I'll find ways. Because of Bitcoin I have un extra income to support my needs in my life especially when we have a family. When I earn profit i can have money to buy something for my needs and to have the future of my family that's why the Bitcoin have a very big value for me.

[BagzMM]

Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars.

 Rather, Bitcoin appears to have value for the following reasons: It is popular.

In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin.

Anything in this world has its own value and it depends on how we are going to value it. Like Bitcoin its valued because it has given to people a job and earn profit. It gives easy transactions because of its decentralized market.

[stimliall]

The value of BTC can be against the legal tender issued by the government!
As a competitive currency, Bitcoin limits the excessive use of legal currency. The more the government spawns legal currency, the more people choose bitcoin.

[Ranly123]

Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars.

 Rather, Bitcoin appears to have value for the following reasons: It is popular.

In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin.

The value of Bitcoin is through the acceptance of people who are enthusiastic in cryptocurrency. Though Bitcoin is not widely used as legal tender but it is used as render in online shops. Its value grows everyday which is why people patronized it as an evolution of money.