Bitcoin value

[Mazda17]

The value of bitcoin fully rely on the law of demand and supply wherein as more demand bitcoin receives, the higher its price.

Your opinion is very good and I like your opinion.
It's true what you say is that the more demand the higher bitcoin value so high bitcoin value depends on the law of demand but we need to rethink that behind the many requests there must be many people who follow it as more people follow the bitcoin the more visible changes and the more Looks like the future of bitcoin.

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[bakekang008]

Bitcoin is precious. You can visit the different trading platforms so you will be able to grasp how the price of bitcoin and even alts were made. In trading the people decide the value how high or low they want to acquire a bitcoin, on the other hand people set a price to sell a bitcoin or buy.

Bitcoin value now is so very low, because its volatile but some of us are hoping that it became higher and stable so that everybody whp have their bitcoin will not sad and recover.

[South Park]

Bitcoin is the first successful cryptocurrency hence have gained the trust of the people since its inception. Even the unschooled have heard about Bitcoin and in this way, more people get to know about Bitcoin through the testimonies of its investors. As such, the demand for Bitcoin increases each time and with the limited supply, it tends to gain much value on the market.

Trust is critical, there are many things in which trust is unnecessary but when it comes to a currency trust is everything, trust is so important that the word trust is in the US dollar and most of the time when people think of why the US dollar has value it has to do with the trust in the credit worthiness of the US government, so the trust bitcoin has generated over the years is something that cannot be quantified but which is as important as its technological innovations.

[Peashooter]

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.

This the great thing about human construct. We agree to the definition and value of things and yet we still argue about the measuring we use. Too ironic to see that all money, all currencies, only has value because of our agreement but we debate if cryptos are real currencies even though many have already using it.

[martirosyan666]

Bitcoin is a product of trading, investment and purchasing of goods online and making pay bills. Therefore bitcoin has been working perfectly on a digital money asset, that appreciate from time to time in time of value rate increasing by appreciate in price

[5hoop5]

There is a lot of information about the significance of Bitcoin, but I will say it in my own words, as I understand it, this is a new generation of decentralized digital currency, nobody controls it, currency issuance occurs through the work of millions of computers around the world.

[thegreatdodoy]

There is a lot of information about the significance of Bitcoin, but I will say it in my own words, as I understand it, this is a new generation of decentralized digital currency, nobody controls it, currency issuance occurs through the work of millions of computers around the world.

Yes and as an investors we need to work hard to help bitcoin surpass all the challenges that may encounter along its way to become successful.

[Pemburu dollar]

Bitcoin is a product of trading, investment and purchasing of goods online and making pay bills. Therefore bitcoin has been working perfectly on a digital money asset, that appreciate from time to time in time of value rate increasing by appreciate in price

I think What scares people most is that btc has no issuing authority. They feel unprotected to use it. But so far btc has proven itself tough.
In the end, everything has value because people agree so. The same applies to fiat. In reality, fiat is just a piece of paper and we all agree that it has value. The only difference between fiat and btc is who supports what.

[Kanda Yu]

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.

Just like all things, we make it exist by agreeing that it it do really exist. We tend to support something that's why even it's not there yet before, it comes alive just like bitcoin's value before. We all know how priceless or less expensive bitcoin is before but as the number of the believers and investors of it grows, it happened that its value grow a lot for real too.

[South Park]

Bitcoin is a product of trading, investment and purchasing of goods online and making pay bills. Therefore bitcoin has been working perfectly on a digital money asset, that appreciate from time to time in time of value rate increasing by appreciate in price

I think What scares people most is that btc has no issuing authority. They feel unprotected to use it. But so far btc has proven itself tough.
In the end, everything has value because people agree so. The same applies to fiat. In reality, fiat is just a piece of paper and we all agree that it has value. The only difference between fiat and btc is who supports what.

Which only show to us the incredible ignorance of people around the world, gold the best currency we had before bitcoin is also not issued by anyone it is just a natural element that is perfect to create a currency and yet people have divorced themselves from reality so much that they do not understand how a currency works if they did they will ditch fiat and adopt bitcoin instead.

[Obolo]

Telling the exact value of bitcoin seems to be very cumbersome due to its volatile nature. The value of bitcoin keeps on changing making it difficult to predict or give an accurate value. Almost everyday there is a significant fluctuation in bitcoin value. The price of bitcoin might be at a certain value this time around then at a point in time, there will be a fall in value. This issue of bitcoin keeps going thereby making it difficult to know the exact value of bitcoin.

[Charity07]

Bitcoin have different value all the time and not only bitcoin different coins have value. Bitcoin price are down and up every second, Bitcoin's market trading is very manipulated because now days more peoples are interesting in bitcoin, value can change every time, so bitcoin is good value

[felmitof]

Bitcoin has a fluctuating property that can not be predicted nominal price. This can be slightly overcome by creating a good strategy in trading bitcoin so that we will become profitable

[vvaswert]

As the bitcoin is becoming more famous and popular day by day and the demand is going higher as the demand is increasing and the more people are investing their money in the bitcoin the is obviously increasing and use it as a benefit for them.

[maikala]

I think Bitcoin is worth it, it has more meaning. Its value is now great value, with huge profits.

[Bilong ko]

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.

[ehrz22]

Bitcoin is a product of trading, investment and purchasing of goods online and making pay bills. Therefore bitcoin has been working perfectly on a digital money asset, that appreciate from time to time in time of value rate increasing by appreciate in price

I think What scares people most is that btc has no issuing authority. They feel unprotected to use it. But so far btc has proven itself tough.
In the end, everything has value because people agree so. The same applies to fiat. In reality, fiat is just a piece of paper and we all agree that it has value. The only difference between fiat and btc is who supports what.

Which only show to us the incredible ignorance of people around the world, gold the best currency we had before bitcoin is also not issued by anyone it is just a natural element that is perfect to create a currency and yet people have divorced themselves from reality so much that they do not understand how a currency works if they did they will ditch fiat and adopt bitcoin instead.

Some people are closed minded enough to accept this and really don't have plans to accept cryptocurrencies as they are afraid of losing and maybe lazy to discover new things like this.

[dany henry]

Value of the bitcoin depends on beliefs from people. It can go down drasticly and then again explode

[annango]

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.

Bitcoin had value because people wanted to have and used it as currency. The value depends on the demand of people which makes it more volatile and give chance to other to buy in much lower price and make lose of profit to those who invest when the price was high which do not benefit today and need to wait for more increase even it takes long time.

People are more likely to invest their capital,time,mind ..to enter the job which could bring them utility. Bitcoin is just like a big market, people are free to choose for investing, trading and that kind of thing. Generally, people have a major influence on bitcoin value, because as you know that bitcoin price is notoriously volatile, and probably bitcoin value is high when the demand and supply are both increasing, also if the supply and demand drop, so does the value.

[seven2smoke1]

Value of the bitcoin depends on beliefs from people. It can go down drasticly and then again explode

That's really right. Bitcoin value is always fluctuating based on the beliefs of people. I am sure if in the future the bitcoin community will be more huge than now, bitcoin value will be also very high compared to this moment. I am sure that the potential of bitcoin is too huge, I hope that the price goes to 20k$ level by the end of 2018.