bitcoin technology has been obsolete, why bitcoin prices still expensive?

[stimliall]

The BTC and blockchain technologies are the most innovative technologies currently available to humans!
Its price is expensive because of the limited number of BTCs, and many people use BTC!
Because people believe BTC will change the financial order in the future!

[crzy]

I want to ask, many people are talking about bitcoin technology, they say bitcoin technology is old and outdated, why bitcoin prices are still expensive, why do so many people also buy bitcoin, according to you, what determines the price of bitcoin

Because its technology is still good even if its old. Many big companies are too old than bitcoin and yet they are still on top and the reason why is that they continue to improved and people still love that company same thing with bitcoin. The price is still high because many investors are still coming and this is just a beginning of a greater future with bitcoin, expect a higher value in the future.

[vasrasus]

The BTC and blockchain technologies are the most innovative technologies currently available to humans!
Its price is expensive because of the limited number of BTCs, and many people use BTC!
Because people believe BTC will change the financial order in the future!

It will always be expensive as investors still see how it can have more progress and attracts potential investors in the future when adoption of btc widely happened.

[jikurpa]

I want to ask, many people are talking about bitcoin technology, they say bitcoin technology is old and outdated, why bitcoin prices are still expensive, why do so many people also buy bitcoin, according to you, what determines the price of bitcoin

I think bitcoin is not ancient because it follows the development of the times and technology as proof of price is still expensive and there are still many investors who are still interested

[arlington]

as I understood you simply by saying that the btc technology is obselete you mean there are better coins than btc, but what defines the price of an asset is not the utility 100% but the demand

[squatter]

It is true that bitcoin technology is outdated and outdated, compared to other technologies such as ethereum or Ripple

Outdated, how? Because there are no bailouts or centralized currency issuers? What is being done with Ethereum or Ripple that is so cutting edge, and are these things useful in any practical way?

BTC is the reserve currency in this space. I hold some altcoins here and there, but BTC is where I hold my wealth. There are no altcoins I feel comfortable holding as a long-term store of value.

I've got nothing against altcoins specifically. I think they're great as a test bed for features that can be built into (or on top of) Bitcoin, or for experimenting generally. And they're good for a trade/speculative gamble.

[9000]

Bitcoin's main advantage is its decentralization which was reached through early adoption. As far as its code is comprised in a way that limits the amount of btc which can be mined in a single timespan, bitcoin got distributed diversely. What is more, early adopters who now possess huge amounts of bitcoin are ideologically polarized so they wouldn't cooperate with governments or corporations which may want to suppress it.

[gentlemand]

It's a piece of piss to claim your shiny new blockchain can do tenty trillion tps. Let's see how it copes with that when it's maxed out 24/7 for years and years. Let's see what happens when an attack is laid on it. Let's see what happens when actual users start to prod every corner and exploit of your code.

People who claim 'old and outdated' are fucking morons who don't understand that trust, decentralisation and functionality are what count first. If you don't have that to start with you may as well pack up and go home.

And let's have a look, shall we?

https://github.com/bitcoin/bitcoin

Don't look too dead to me.

[gary_57]

Well, I know bitcoin technology is older than the other crypto currencies. But, it is dealing with a lot of advancement day by day. The transaction fees are a bit higher which helps the miners to do their processe.

[dollarneed]

I want to ask, many people are talking about bitcoin technology, they say bitcoin technology is old and outdated, why bitcoin prices are still expensive, why do so many people also buy bitcoin, according to you, what determines the price of bitcoin

This is my first time heard that bitcoin technology is outdated, cmon technology behind bitcoin the blockchain is a new and innovative technology where there are so many benefits that can solve our problems, 1 decade is a very short time for bitcoin to grow. The reason why the price is high it's due to the law of demand and supply, the more people buy it then the price will increase simple as that.

[cryqtovn83]

it faith in bitcoin and price manipulation by some big group then bitcoin price seem too crazy in past.
I thought around 9-10k is nice price

[etron]

indeed bitcoin is outdated but this bitcoin is the first virtual money made, and the other coins just go along with it, why bitcoin is still expensive because it is caused by the market demand so much and the enthusiasm of society is very big in investment, because bitcoin is eye money best.

[cryptohunter]

I want to ask, many people are talking about bitcoin technology, they say bitcoin technology is old and outdated, why bitcoin prices are still expensive, why do so many people also buy bitcoin, according to you, what determines the price of bitcoin

lol at noobs here

okay which alts have improved updated functioning code that improves over btcs design??

this is clear improvements without possible reduction in security decentralisation and no need for trust

I await a clear answer

[leviathon]

Bitcoin doesn't just have a use case as a payment system but it works as a store of money also. And many people invest in Bitcoin as a store of value as it is the safest crypto in the whole crypto market. Also Bitcoin has a first movers advantage. While the technology might be old but new developments like lightning network will make it up for that.

[Payers]

What is the reason they say that bitcoin is archaic, it is clear that the bitcoin is the technology of the future, blockchain is a system that can not be duplicated by other system systems

[Dudeperfect]

OP has made some contradictory statements in his original posts. Bitcoin is valuable today because people believe that the technology is not obsolete and that's what driving the demand for it resulting in the increase in the price of Bitcoin. In fact, most of the people have no idea about the potential of Bitcoin and hence it is still undervalued in my opinion. I agree that we don't have high utility value yet but things are still in the development phase and things will improve down the road.

[btc-facebook]

Bitcoin value depend on demand so IMO, bitcoin's demand still high enough , $ 7400 !
Let's compare 4 years ago when bitcoin still $ 299

Bitcoin value increase exponentially because people like bitcoin technology especially for transaction purpose !

[Snaic]

I want to ask, many people are talking about bitcoin technology, they say bitcoin technology is old and outdated, why bitcoin prices are still expensive, why do so many people also buy bitcoin, according to you, what determines the price of bitcoin

Bitcoin, as well as in other crypto currency, has a single technology blockchein. Just some bitcoin functions really fell into decay. Bitcoin became slow and with large commission fees. This problem is little by little, seems to be solved. True, until its final solution is still far away.
Bitcoin has a great price, because he has a great credit of trust in people, they think that bitcoin will cope with its problems, especially since there is a lot of talk about both the lightning network and other ways of eliminating its shortcomings.

[Yatsan]

I want to ask, many people are talking about bitcoin technology, they say bitcoin technology is old and outdated, why bitcoin prices are still expensive, why do so many people also buy bitcoin, according to you, what determines the price of bitcoin

Digitally it is old and outdated because it is created years ago but the appearance of it in the world and the adaptization for the new advancements in technology is new and just the beginning of our future. Bitcoin is not only the cryptocurrency that is running on decentralized system on blockchain, so any coin could replace bitcoin just so happen that bitcoin do have a lot of investors and users given the fact that is the most flexible coin.

[Mikhail_Shmurge]

Many are still suspicious of market movements, they believe that this is a consequence of market manipulation. But it is worth remembering that the real value of the crypto currency is not from the price in the market, but from its potential utility. As in 1994, no one could predict that such open source projects like Linux and Apache are so widespread, no one could give a real estimate of their useful value, and now no one can predict how the bitcoin will be implemented in future.