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Ronaldcoin2017
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July 01, 2018, 02:21:13 AM |
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I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:
" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"
I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.
we know that bitcoin value right now is so low so lets wait for bitcoin to increase again maybe in the next month or next few days Bitcoin value is depend on the volume of the investors around the globe, while volume of the investors depend on the good feedback of the bitcoin in the community. Bitcoin had never lost its value because it is already been trusted and it is already been used before and it can really give us a huge amount of profit it is really amazing. |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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biskitop
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July 01, 2018, 02:26:21 AM |
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Simply put, supply and demands greatly affect the bitcoin price. when demands on bitcoin increase then the possibility of price will also increase. if demands down, then the possibility of the price will also decrease. true if it is people who approve the price of bitcoin itself. because people will decide whether to sell or buy when it has received the price of the bitcoin.
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maiduytrinh
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July 01, 2018, 02:32:48 AM |
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The market is going down we see a bad but I believe in the near future it will recover quickly
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ridho002
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July 01, 2018, 02:39:10 AM |
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I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:
" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"
I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.
we know that bitcoin value right now is so low so lets wait for bitcoin to increase again maybe in the next month or next few days This year is a tough time for Bitcoin because it has a falling price every month but nothing can guarantee the price will get worse. |
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iotarocket
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July 01, 2018, 02:42:21 AM |
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What he's saying is that there is a strong psychological component to the value of currencies including bitcoin, hence when the market is emotional bitcoin will be volatile. I think it's fair to say that as the infrastructure for scaling is put in place the price of bitcoin will likely appreciate, as confidence in its value will increase.
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maiduytrinh
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July 01, 2018, 03:01:14 AM |
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They are afraid of losing money and the media constantly give out bad information. That's why they are afraid. Some people invest and they lose money
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esteam0115
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July 01, 2018, 03:05:15 AM |
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It is valuable because it brings useful things to the user
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pharmacy2693
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July 01, 2018, 03:23:09 AM |
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bitcoin price continuously ups down there is no permanent position.it will stable when price high
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esteam0115
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July 01, 2018, 03:25:28 AM |
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bitcoin price continuously ups down there is no permanent position.it will stable when price high
I do not think so. Often after the price of Bitcoin at the peak will be a hurricane as early as 2018 for example |
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Bughah
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July 01, 2018, 04:09:11 AM |
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bitcoin price continuously ups down there is no permanent position.it will stable when price high
I do not think so. Often after the price of Bitcoin at the peak will be a hurricane as early as 2018 for example Bitcoin value is still inconsistent.The changes of price is always appear but hoping this year will become more high before end 2018. |
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Vanhoang2000
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July 01, 2018, 04:10:55 AM |
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The bitcoin value is as precious as gold and even more people prefer it over gold
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Nurul_
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July 01, 2018, 04:13:37 AM |
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if I noticed in the Year 2018 the highest price of bitcoin cost 150 million. after that down until now. even in 2018 red flags that often fly from the green flag. new fluttering tube arrived turned red until now .
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yansen
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July 01, 2018, 05:38:02 AM |
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he is right to say that, but not the fiat currency. because the value of fiat money is made and approved by the government. bitcoin is more equal to Gold or other precious metals. because it is neutral, the value occurs by mutual agreement.
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megatrix
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July 01, 2018, 06:30:07 AM |
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"the fundamental reason that bitcoin has value is that people agree that it has value" - I absolutely agree to this statement, Bitcoin has value because the people agrees that it does. Technically, the Bitcoin supply is limited and is constant, meaning the interest of the people is the main factor for the demand for move, hence it is the interest of the people that gives value to Bitcoin. Anything in this world will only have value once the people agrees that they do, people are the ones giving value to something, if no one sees you with purpose, or value to them, you will have no value at all.
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Supremacy2
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July 01, 2018, 06:40:48 AM |
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Yes, fundamentally people accept it and it value increases. This fundamental reason can't stop because people believe in the nearest future, Bitcoin will give them freedom to have access to money without 3rd party.
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mary cury
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July 01, 2018, 06:45:00 AM |
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yes bitcoin value is increase if you want to checkout so go on bitcoin bench.
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vakie1
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July 01, 2018, 07:07:03 AM |
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Economics teaches people that the values are subjective; Goods have economic value because people want it for one reason or another.
The gold have value because they are useful as a commodity. Government fiat currencies, such as U. S. dollars, have value because the government gives them a legitimate tender status and only accepts taxes through them.
Bitcoin has no value as a physical commodity like gold and is not widely accepted as a legal tender like the dollar. In contrast, Bitcoin has value because people accept and trade in Bitcoin. It is recognized and accepted as a currency by many people on the basis of trust.
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adjong
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July 01, 2018, 07:28:07 AM |
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for now the bitcoin value today is low, but if I ask you good if you invest money in the BTC while it's low and hold it first and wait for the BTC to increase this year. because today's investors are wondering in BTC.
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nyong
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July 01, 2018, 07:35:42 AM |
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bitcoin value will always change at any time and you can't predict with certainty whether bitcoin value will rise or fall
it all depends on the purchase of bitcoin
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esteam026
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July 01, 2018, 07:43:26 AM |
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The value of Bitcoin is about $ 10,000 and it is pushed up or down due to shark attacks and market trends.
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