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Author Topic: How does a Bitcoin have any value?  (Read 523 times)
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BabyBoss
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July 26, 2018, 12:36:33 PM
 #121

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.
True, this is what we called High Demand where we can see big progress and big gains because it is being subscribed by many people.

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July 26, 2018, 01:05:53 PM
 #122

Personally, I think that Bitcoin has value because people shows interest on it. Just like anything else the people are interested to, it will have value, eventually it will need to meet the demand of the people for it meaning, its value will go up like any commodity that has demand.

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July 26, 2018, 01:31:55 PM
 #123

Bitcoin has a value because people use it and patronized it. Bitcoin is a decentralized digital currency which is the best digital investment in crypto world. Bitcoin has a value because people give value on it.
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July 26, 2018, 01:35:25 PM
 #124

Personally, I think that Bitcoin has value because people shows interest on it. Just like anything else the people are interested to, it will have value, eventually it will need to meet the demand of the people for it meaning, its value will go up like any commodity that has demand.
you are right, something that many people in demand will have value by itself like antiques, antiques are only secondhand but because many people want to get it then its value will be formed according to its quality.
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July 26, 2018, 03:00:12 PM
 #125

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.

Bitcoins in the past has a very low value and as the time goes by, the price began to increase due to the demand in the market and now it was classified as a currency and there are online stores that are already accepting a cryptocurrency payment method.


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July 26, 2018, 03:35:22 PM
 #126

The more people buy bitcoin, the more expensive it becomes, and consequently the author of rights - the price will grow while bitcoin is popular.
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July 26, 2018, 03:39:06 PM
 #127

to tell you honestly as of now BIITCOIN must have no value.
they were not having a good relation with goverment, though the demand of the people are giving this coin a great value.
this is how bitcoin works.

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August 02, 2018, 10:25:53 PM
 #128

Its value is to make the community more developed in the financial market for special electronic money. This is considered as a new opportunity and quickly promote the national economy as well as the world. Helping people have the opportunity to be rich and successful in life. Reduce the load, and shorten the transaction time.

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August 02, 2018, 10:55:39 PM
 #129

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 determined by the strength of its users, whether buyers or sellers, the same as trading goods in the real market, such as gold and silver trading. In terms of investment, bitcoin's better than gold and silver because the value of bitcoin's more volatile.

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August 07, 2018, 01:04:45 PM
 #130

Bitcoin has a value for assumption is that bitcoin will derive its value both from its use as a medium of exchange and as a store of value. As a footnote to this assumption, it should be stated that bitcoin's utility as a store of value is dependent on its utility as a medium of exchange.
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August 07, 2018, 01:39:02 PM
 #131

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

that is just your opinion.

anything has value for its utilities. Gold has value not because it is physical but because it has usages. same as anything else.
bitcoin is a decentralized currency and that is its usage and what's giving it value.
that's true, not only that, there are so many halls that influence bitcoin has the value of starting popularity until Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users.


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August 07, 2018, 01:48:52 PM
 #132

Bitcoin tied with a dollar, I think so.  But who said that the new currency should look like the rest.
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August 07, 2018, 02:06:14 PM
 #133

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.

Actualy the value of bitcoin is depends on its popularization in the exchange market as being a no one digital currency investment  thats commonly used in the crypto worlds now,so even there is no physical form thats we can seen to the bitcoins because this is only a integral figures,but because of the name bitcoins as the first crypto created by nakamoto,people have a big trust and give its a greater value just like  fiat money and gold.

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August 07, 2018, 03:34:18 PM
 #134

Bitcoin has value as well as dollar, euro, yen or any other traditional currency. It's about the number of people who supported the currency. in fact, in any money of sense, no more than we invest.

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August 07, 2018, 03:35:53 PM
 #135

Everything most not be seen, touch and use physically before we believe it suppose to be valuable. Bitcoin have the greatest usage as far as modern financial technology is concern. Bitcoin is here to ease every traditional financial stress. So expect to value to grow higher.

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August 07, 2018, 03:59:41 PM
 #136

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

that is just your opinion.

anything has value for its utilities. Gold has value not because it is physical but because it has usages. same as anything else.
bitcoin is a decentralized currency and that is its usage and what's giving it value.

I don't Think that it has a value  not only because of popularity. yes It certainly has no tangible presentation like Gold but it has a value. You can purchase things and stuff from GOLD we as well as from bitcoin why? BECAUSE IT HAS A VALUE.

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August 07, 2018, 04:26:31 PM
 #137

It depends on the environment.



Can you elaborate what you mean that it depends on the environment?

Some Non-sense person. but to answer this thread. Bitcoin is a decentralized monetary that has no physical tangibles like Gold or Silver. but still have a value, how can I say ? because we can purchase from it not necessary directly using Bitcoin but as you exchange it to your local Currency you can still purchase stuff you want.
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