Bitcoin value

[Elachious12]

The value of bitcoin will keep appreciating as far as there are more people adopting it. The fact that it operates on a decentralized platforms makes it more valuable

[tokensupermarket]

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 are all aware that bitcoin faced a lot of problems and obstacles before it was able to make it here on the top right now. A lot of people even doubted bitcoin on becoming successful. This is what impresses me the most, the ability of bitcoin to surpass all the obstacles that hinders its way on its way to the top. I am amazed to see bitcoin surviving for so long and staying on top.

[ShadowBits]

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.

Yes, I agree with that dude since we people around it is making it valuable. That is why Bitcoin will be here forever if people will still be using it..

[MBAPOLIN]

That also means that its price all depends on the way its users and investors move their Bitcoins 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.

[BitPlace]

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 now is very low, and everybody still patiently waiting that it became higher. Thats why their are a lot buy bitcoin and hold it.

Right now, one thing is for sure, Bitcoin value right now is very low and patiently waiting until the time will come that bitcoin price will became high. Many people really do believe bitcoins work thats why they are still buy a bitcoin and hold this until they can sell it in a higher price.

[kl8847]

It is partly true, but we should not be worried about this because it wasnt me agreeing, I can buy and sell bitcoin still

[dexentrali]

Money to me dose not add value in it's own except  people add value to it or manipulate the price in other for it to add value when spending

[dongyi17]

Bitcoin has value as long as people believe in it because if not they wouldn't dare to accept, use and even invest in it, let just say its just a digital currency without impact to us and because people learn to value it and make profit from it proven by what they've earned and use it they become believer to it and so for them bitcoin has value.

[Black Angel]

The interesting thing about bitcoin is its pure value from the market (decentralization), with this concept of course making a lot of people take advantage when prices go up or down, with increasing number of users it will automatically make bitcoin value keep increasing.

[Pattberry]

Right now, one thing is for sure, Bitcoin value right now is very low and patiently waiting until the time will come that bitcoin price will became high. Many people really do believe bitcoins work thats why they are still buy a bitcoin and hold this until they can sell it in a higher price.

How can this be a low valuation if you consider what the price of bitcoin is exactly a year ago, i do consider this as high valuation, whether this is inflated is another topic, but it is not possible for a common man to purchase the whole bitcoin with his monthly salary, if bitcoin is able to do the fundamental use of being used as a currency the price will keep on increasing as long as there is demand in it.

[hurriebra49]

Bitcoin has a great value and the demand able decentralized crypto currency that is using mostly countries and this blockchain technology make craze to all world and investors and other peoples who have nothing to invest but is crazy to get bitcoin,

[Legone]

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 value of bitcoin is basing on the demand and the supply but bitcoin's value has a great potential when we invest it compared to traditional money because it's price can able to double even become triple. That's why we should invest bitcoin to gain more profit from it.

[mithon2017]

Bitcoin is virtual currency.its has many advantages.it's value is very attractive.Bitcoin can change our economy problem and full helps our daily needs. it's Price is so high. it is very promising assets. you can invest in. Bitcoin acceptable worldwide. it's transaction is fast and secure. I think, in future it's value will increasing. all country will be accepting Bitcoin and using it.

[Jorge158]

It is true that the market price of bitcoin is decided by the people in the trading but considering the whole idea behind bitcoin, I believe that it is even worth more than it's current price. Bitcoin, like all other currencies have their values decided by the people. People using a particular fiat decide how much of the fiat can aquire a particular item or service and it is no different from that of bitcoins.

[patrickj]

Truly, suppose the bitcoin have an esteem, yet it's not perpetual, why? since everytime you check the cost of bitcoin it continually changing and it don't have a perpetual esteem like the paper cash that we are utilizing now, on the grounds that everytime it goes up yet everytime it goes down, that is the reason its estimation are not steady.

[South Park]

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.

That is not exactly correct things have value because they have a use, because things are useful, and then people agree on what value something has depending on many factors, however that is true for everything not only for bitcoin so the person that you are talking about is not making any kind of great insight, that is just common sense and it is nothing revolutionary.

[ekeh]

Bitcoin is a digital money, that works with smart contract with Blockchain technology industry  and is well secured wallet to be used. Secondly bitcoin has values because is not easy to get, because of the source, with a high security guide asset.

[robresno]

Bitcoin has value because people think it has value and will have even more value in future. The problem is bitcoin is not really suited for transactions, it has very high fees and is super slow and will not scale well. That's why many people suggested it has store of value and call it the "virtual gold". I see a fundamental problem with this. Most likely there will be a time in the future where even mainstream people realize that some other currency is much better for transactions (LTC, XPR, Facecoin or whatever new currency) because it was adopted by Amazon, Facebook, Google etc... and Bitcoin is obsolete technology and useless in most aspects. When that time comes BTC will lose its value. As for now most mainstream newbies do not understand or know anything about this, so that's why we see high value of Bitcoin.

[rahimali]

Value! Bitcoin is in the top of all crypto curriencies. Its value is  now more than gold. Want of bitcoin or investment on it makes it more valuable. People and  companies are excepting it. So, I do believe  that its value is now in very good position, and in future it will increase more.

[ChairaKeke]

I think people who jump in the cryptocurrency community are actually people who put a value on bitcoin. At Bitcoin one can use tokens to transfer values ​​globally, because tokens have perceived value Any currency or commodity has perceived value, because people give value.