Bitcoin value

[mkmittalg]

The current price of Bitcoin is low. So,it is best time to invest in it. When its price increase, investor can sell it and can get profit.BTC

[Legwist]

The value of bitcoin will keep appreciating as far as there are more people adopting it. And it has value only because people believe that it has value. And now the bitcoin price drops drastically, try to calm down and do not panic if bitcoin prices go down so as not to make mistakes and you should be sure for bitcoin will someday rise again.

[SeVenlast]

It does have a value, but a very volatile one. People have been using it for a long time now and its value inflated throughout the years.

But to answer your question, yes, people made the worth of bitcoin's value possible.

For the past few days Bitcoin is starting to rise slowly with not so great value but it is great to get back to the highest price.

[avary18]

Yes its true the value of bitcoin it depends on how people can value bitcoin and it depends on how is the demand and supply in the market really works.The market is so volatile try to analyze and not to panic because bitcoin is depends on us users.

[hanters]

yes I think you are right because many love it then something is worth it. for example like gold because everyone likes it gold becomes a valuable item. bitcoin has some properties like gold so many people love bitcoin. and make bitcoin has value and also bitcoin value influenced by amount of demand and supply.

[Ssid]

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 money is technically paper. If you see something valueable then it has value.

Example? If you dont have water in your country. It is valuable. Congrats, you can sell water to get money, or you can "trade" water. Long short water blah blah

[REF Crypto]

The value of bitcoin coins varies continuously and unevenly. Prices may be very high or very low. There is no basis for evaluating the bitcoin value at present.

[HeatherRamsey]

Bitcoin is a transactional product, investment and online purchase and bill payment. Thus bitcoin has worked perfectly on a digital foreclosure asset, which is appreciated over time as value added increases due to price.

[trantu8461520@gmail.com]

The greatest value of Bitcoin is bringing the Blockchain technology to the world. The most comprehensive and convenient technology, along with high security

[cuongdola211091]

Bitcoin will eventually be usurped by future co-workers! The coin generated after bitcoin will improve its functionality

[kencot]

Trust is indeed the factor that makes bitcoin has value, but long before that there is a factor in the bitcoin that gives rise to that trust. For example features owned by bitcoin.

[mohammedmattar]

I think Bitcoin will increase its value to very large numbers
Because the project as a whole I mean project cryptocurrencies
It is spread and recognized by some countries
As well as blockchain technology that will be revolutionized in the current decade

[Getmon]

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.

I agree but not totally. That is of course true, everything will boil down to the people's support and approval, without which there would be no success for Bitcoin and to anything else. But with regard to Bitcoin, there is a technology behind it. There is an idea, a philosophy, a vision that turned into a reality with the genius of Satoshi Nakamoto. There is blockchain, decentralization, etc. Perhaps it is fiat that is totally nothing without the approval of the people. Look at them bills, they're just pieces of paper.

[Bas04]

The reason bitcoin has value is because a lot if people support it and it has helped to solve online payment. You can now buy from some online shops using bitcoin.

[quynhnguyenlove]

The bitcoin value will change from the current time. And never have the concept of price stability bitcoin

[fullhdpixel]

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 it changes everytime it is not permanent nit like a paper money it's value is permanent and stable

Paper money has a permanent stable rate of its own but when the currency is compared with some other foreign exchange the rates differ massively but not as fluctuating as bitcoins , also if bitcoin gets centralized or standardized we  might see the same effect with bitcoins as well , it will then only have difference between foreign exchanges and no ups and downs of its own , maybe then we will be able to use it as a valid currency till then its investor’s heaven.

[Darklinkz]

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 it changes everytime it is not permanent nit like a paper money it's value is permanent and stable

Paper money has a permanent stable rate of its own but when the currency is compared with some other foreign exchange the rates differ massively but not as fluctuating as bitcoins , also if bitcoin gets centralized or standardized we  might see the same effect with bitcoins as well , it will then only have difference between foreign exchanges and no ups and downs of its own , maybe then we will be able to use it as a valid currency till then its investor’s heaven.

That could really happen. That's why I don't really see volatility as a huge hindrance towards mass adoptions. Those whales are just extracting all the profits they can get from bitcoin before it happens. Maybe if bitcoin goes $500k, stabilization will happen.

[crea8ivemoiz]

Bitcoin value change every time depends on news and fuds the simple reason is that people believe that the piece of paper are backed by the
government and the government guarantee it's value.

[TheGreatPython]

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.

Every currency has a different rate from each another or if compared to a standard currency, for example Rupee to Dollar has a different rate and also Pound to Dollar has a different rate , same being for cryptos but it has only 1 standard rate with dollars and then the further difference between dollar to the trader’s country’s currency gives it the local price. And yes people believe that bitcoin has a rate thus it has a rate else it can also be manipualated .

[DoublerHunter]

Bitcoin value change every time depends on news and fuds the simple reason is that people believe that the piece of paper are backed by the
government and the government guarantee it's value.

It is all about demand in the market of bitcoin, so if the demand changes and it decided to go for a buying mode then it will dominate the seller's side and it will make the market's price of bitcoin up and that is the same thing that is applied on the selling mode it will dominate the buyers side and make the market's price of bitcoin goes down. So it is about the demand.