Bitcoin value

[mi56374100]

The price of bitcoin has long been fluctuating around its value. The fundamental source of bitcoin prices is the value of bitcoin, and its value comes from its use.

Bitcoin, as an Internet currency, can send and receive bitcoins as cheaply as E-mail. Bitcoin, as the currency of the Internet, does not have the concept of import and export. You can transfer money and make payment at will. That's the value of bitcoin.

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[Hellobx]

I don't agree with this view, because when the thunder network solved the problem of the bitcoin at present, so the bitcoin will be transfer from one country to another use bitcoin, so the true value of the bitcoin.

[ipanks]

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.

human created something and use that things (bitcoin), more and more people know about bitcoin and they also use bitcoin too. from this, people determine the value for bitcoin and then they make a transaction in bitcoin. I think this is the fundamental reason for the people so far and the price is up and down because people buy and sell bitcoin and it means they make a transaction for bitcoin. maybe I am wrong but I only know that reason.

[Ctn]

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.

Well he is not wrong either and saying that in the philosophical way! I mean look at his statement it does look like a philosophy to me. And somehow I also belive that it affect the whole process of valuation in the crypto currencies. Apart from this the real valuation process starts with our real pockets from where we send our fiat to the decentralised exchangers and then digital blocks equivalent in price are allowed to us. These are nothing but our bits/satoshi's and bitcoins itself. Though they are in digital form, have no physical existence then also they are getting the value for it because we are adding money into it and the value of money is surpassed to the coins. Thats the influx and otfrux of values.

[Vinodam]

The Beauty of bitcoin is it's appreciable value. Any asset or business that has an exponentially growth value is a gold mine. Bitcoin is very valuable. As will stand now you can tell the next peak of bitcoin which will for sure change lives

[MilfordGannon]

Bitcoin has created its value itself. People accept it very positively. Now they can invest in bitcoin and make some profit. Though I am not saying this one as a money maker. However, its many other usages make its identity to people.

[Jaslinbor28]

It is the utility of bitcoin that gives people a reason to give bitcoin a value. it is the fact that bitcoin is a decentralized and censorship resistance currency that makes them want to buy more of it (creates demand) and that demand increases its price.

[Kotone]

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.

Well, technically yes, if you think about it even the paper currency has value because the world deemed that it should have value. And it goes the same for the cryptocurrency market, there are a lot of factors swirling around how itts prices are determined but it has reached this peak because the people who deemed that it has a value believed that it could have a use in the future. They placed a value of it because it has been used to buy things, transfer things and to even invest in some places

[peter0425]

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.

Of course, that the main reason why bitcoin has value, and not just crypto but other things are well. If a commodity is being sold at x price and you tend to agree that its worth that price so obviously you agree that is the price of it as of the moment. But later, when everyone perceived that its too much, no demand, then the price will go down.

And that is basically what we are witnessing today, the price is down because there is no demand so this is what we all agreed for. But when there is huge demand just like we saw last December, then it will be really expensive or the price is too high because the demand is high as well.

[kiddddddd]

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.

well, for me the reason people believe that it has a value cuz they see and understand its capabilities tho it is true the price and value of BTC always depends on people but just like how we believe paper money has its value, natural resources (Like Gold and Silver) is valuable... cuz government says it has a value basically Bitcoin, Blockchain or altcoins are kinda hard to understand but just take some time and learn more about BTC and you will be surprised to its capabilities.

[FRJ]

At present, the value of Bitcoin is too much for me because I can easily deal with Bitcoin and earn money, and by doing bitcoin, everyone gets much benefit by trading. Bitcoin is an easy way to deal, Bitcoin can be used very easily, because of which people are very easy transaction, Because of which I think Bitcoin is much more in the present world,

[Cadalin320]

Bitcoin value is unstable its hard to predict what will happen sooner or later, its price changes from time to time.

[ngerok]

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.

you do not have to worry about the fall of the current bitcoin value. bitcoin values do experience up and down at every time. so there will be bitcoin time back up. what if you can use bitcoin time and its value, you will succeed in the day to come. believe in bitcoin and do what you believe good luck.

[Manoharachan]

It is true that the value of the currency is a mutual agreement to give value or price, and though bitcoin is declining and can be sure it will rise again, I believe it.

[james23]

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.

Bitcoin value is not permanent it is ladderized it changes  from time to time ups and downs not just like paper money the value is permanent

[linshisui38]

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.

The fundamental source of bitcoin prices is the value of bitcoin, which comes from its use.

As is known to all, capital flows across space are cost effective, and the cost of capital flow is reflected by card handling fee, inter-bank fee, long-distance/transnational remittance fee and currency conversion fee. The government also tends to restrict the flow of funds across borders in the form of foreign exchange controls, while bitcoin is free from the effects of foreign exchange controls and can easily transfer money.

[Cryptoipad]

Now bitcoin value down the market this day.the process of value involved to social media system.Cryptocurrencies have been hit with increasing regulatory scrutiny and an advertising crackdown from internet firms Google,Facebook and Twitter.another site which tracks the price of various digital currencies across exchanges. The site first started tracking ethereum in the middle of years. In the first quarter of year, and year ethereum was over percent and total percent higher, respectively.we wil suddenly increasing in bitcoin value of online market system.

[pooya87]

" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"

that is a very true statement but it is not only true about bitcoin but also true about literary anything else in the world. for example you can say it about fiat (paper money) itself. a dollar bill that is printed by the banks only has a value because people agree it has value. or a piece of diamond (imagine jewelry) has value because people agree that it has value. and when they agree that value is high, it will drop and if they agree that value is low it will rise.

[mubigfan]

I think in 2019 bitcoin will  increase to $ 100,000, crypto is good to invest.

[voom360]

Bitcoin value it changes always now btc price most unpredictable because market situation is under correction . most of the major altr currency price falls so its quite impossible to say when price will be stable.