How does a Bitcoin have any value?

[waqasniaz007]

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.

FIAT curreny is only paper which can be printed by government at any time they want and this create inflation, Whereas bitcoin has limited supply and tottaly depend on demand and supply. It is back by cryptography and electricity and sometimes electricity bill become more expensive than bitcoin price. In short bitcoin is digital asset that exchange the value and it is depend on demand and suppy.

[1714119950]

1714119950

[1714119950]

1714119950

[1714119950]

1714119950

[ecnalubma]

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.

Considering it a digital commodity, Bitcoin got its value from the demand, trust and technology that it offers. Let us remember that without Bitcoin there is no Blockchain technology. It is the internet 2.0 or the new gold of new age and its more valuable than any kind of commodity nowadays.

[OuterTech]

If you said that, sure that you don't know about cryptocurrencies. Blockchain technology of cryptocurrencies is vast, not only in currency but also in many other industries. So the future of cryptocurrencies, as well as Bitcoin, is very bright, promising to bring great value, become the currency revolution in the future.

[bitcoinajax455]

How does a bitcoin have any value? Bitcoins have any value because they are useful as a form of money. The value of bitcoin can be measured by its growing base of users, investor's, and merchants. As with all currency, bitcoin's value comes only and directly from people willing to accept them as payment. That's why bitcoin have any value.

[mx667]

How does a bitcoin have any value? Bitcoins have any value because they are useful as a form of money. The value of bitcoin can be measured by its growing base of users, investor's, and merchants. As with all currency, bitcoin's value comes only and directly from people willing to accept them as payment. That's why bitcoin have any value.

Yes, I totally agree with you. Bitcoin is very useful in the term of money transaction and transfer. When you transfer money using Bitcoin, you do not have any limit to transfer or limit of the amount of money that you want to transfer. That is why people become so interested and want to learn about Bitcoin. In the other hand, Bitcoin is encrypted currency that people cannot track down so easily. If you transfer money in huge amount using bank account so suddenly and unusual, you will questioned and be tracked down by the bank. Even though Bitcoin can also be use to doing transaction on the black market on the internet.

[nitrousteam]

The value of bitcoin comes from "the recognition of the majority".  If people trust it and are willingly to use it, it gains its value.

Demand, support, and reputability are the keys to the Bitcoins value. There is also another factor and that is the top market cap which is limited. With every block mined difficulty of the mining process gets harder and value is also influenced in some way because of that.
_______________________________________________________________________________ _____________________________________________
What will happen when all the Bitcoin is mined? That is far in the future but I believe that the Bitcoin will come to the phase where it will stand on the stable value which will be very high at that point.

[Ojengonggu]

When looking at the development of bitcoin and more people who know bitcoin in the wider community
I think bitcoin will be pure gold that can be saved as long-term investment and the price will increase because of its many uses
and will be a medium of exchange that can be received throughout the country. this will probably happen in the future ....

[Bitlord88]

Bitcoin has its sale value simply because it is used in a variety of trading means. Bitcoin's market share is also rapidly expanding thus making it even more valuable and also considered as an asset now.

[mOgliE]

Hi,

I think that's the spirit, indeed. Most people are trading small amounts, in hope they can make a large profit. But that was not the objective behind bitcoin creation.

Bitcoin was meant to be an alternative, allowing people to get rid of banks. I believe in bitcoin as in an international system of exchanges!

[really01]

Just like all currencies in the world. Bitcoin is valuable because it is believed to be valuable. With dollars or other currencies everyone believes in it, and that value is guaranteed by the national government. However, bitcoin is not guaranteed by anything, but it does not depend on anyone. Its value only depends on the supply and demand rules at each moment. So no one can kill Bitcoin.

[JC btc]

Just like all currencies in the world. Bitcoin is valuable because it is believed to be valuable. With dollars or other currencies everyone believes in it, and that value is guaranteed by the national government. However, bitcoin is not guaranteed by anything, but it does not depend on anyone. Its value only depends on the supply and demand rules at each moment. So no one can kill Bitcoin.

For those who don't have any idea how bitcoin works or how come that it has value, well in Economics there is a thing call purchasing power or the willingness of a certain people to pay in exchange for a goods and services. And the more demand the higher the price would it become due to thing called Scarcity.

[xaviervilla]

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.

In a sense, I think you are right. But you see my friend, bitcoins are not only valuable because of its popularity. Remember, everything that becomes popular has its own share of a trait, usability or anything that people can benefit from that determines why it is continuously adored by lots of people. and that is also the case with bitcoins. You should understand this.

[doraegun]

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.

Yes the reason why Bitcoin have any value because of the people it self on how to become more essential and have potential to be useful for every individual and it will become more important for every person that's why there has to be a value and actually it will patronizing more likely in the whole country. However, even if it is tangible but still its continuously in front of many news anywhere in social media, such as google, facebook and any other big network. that's the life of bitcoin. 

[skyline247]

The value of bitcoin is completely dependent on human interest in it. It's popularity plays a big part in giving it value because the more popular it gets the more people get interested in it and invest in it. As long as people buy and sell bitcoin, use bitcoin for transactions and trade bitcoin then bitcoin will always have value. And as demand increases, so will the price of bitcoin and the value will increase.

[ezekhiele]

Bitcoin value depends on the investors and the red days time will.come it will.reach its highest pick this is what we call green days. If this will happen you might gain bigger profit and bitcoin will be.known by many. So, bitcoin has its value because of the people around it. Continue to trust in bitcoin till the future. It might give you a higher income.

[Newbie Wong]

Robust security and integrity of amount supplying and combined with borderless decentralized currency function ever made in human history! None of any kind of assets in our planet own all of these characteristics

It is the solid ground for decentralised economy development.

[Danlopz]

The value of bitcoin comes from "the recognition of the majority".  If people trust it and are willingly to use it, it gains its value.

Bitcoin has value because it is as valuable as money. Bitcoin has the properties of money (durable, concise, exchangeable, rare, divisible, and recognizable) based on mathematical formulas rather than based on physical form (such as gold and silver) or confidence in the center (such as fiat currency). In short, Bitcoin is supported by math. With these attributes, all that is required of money to have an exchange rate is trust and acceptance. In the case of Bitcoin, this condition can be measured by the growth of users, sellers and early users. Like other currencies, the value of bitcoin comes only from people who are willing to accept it as a means of payment.

[nara1892]

Bitcoin is valuable because people value bitcoin, bitcoin can be valuable when people believe in the future of bitcoin and start thinking that fiat money is economic slavery only.
Bitcoin has the intrinsic value of 'electricity cost' to mine bitcoin.

[thevlox]

Bitcoin has no value. But bitcoin is available by selling money. bitcoin's value depends on its price. In other way much value of bitcoin. Bitcoin has used many people to do a lot in their life. And many people have changed their life.

[yesyes18]

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 bot a nice review on the reputation of Bitcoim, anyway that's your opinion though. But consider this, there are malls that accept Bitcoins and various on line portals that accept BTC as a trustworthy method to utilize and so I don't know why you say everything is merely based on trading.