hakertajniak
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YOUC | John McAfee Supports
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October 07, 2018, 02:46:05 PM |
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Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?
Do you think bitcoin is driven by some company ? bitcoin doesnt have zero value, it have a high value. Bitcoin price has been built from 2009 until now, peoples keep buying bitcoin and sell it higher for long time. |
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Even in the event that an attacker gains more than 50% of the network's
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reversed or double-spent. The network would not be destroyed.
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feehannah
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October 07, 2018, 02:56:35 PM |
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Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?
That's why bitcoin is decentralized because it is for everyone,it is freedom from government if ever. Bitcoin has a higher value that comes from the higher demand since it was created. |
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CodyAlfaridzi
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October 07, 2018, 03:01:45 PM |
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Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?
Well, look at how gold gains its value. Gold also does not generate revenue and pretty much useless compared to any other metal. Mostly because people agree that the item should be valued. There are demands in the market for it, and that's what determines the price. Bitcoin having a value from the deep dark market
Nonsense. |
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bangkecol
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October 07, 2018, 03:08:17 PM |
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Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?
What drives bitcoin can go up a lot I think because of the mindset of investors about the technology used by bitcoin because this technology is new to everyone who provides opportunities for the chance that bitcoin can grow more than before and continue to grow. If you say about legality, I think that it will be a process even though we know it is still not there, but it is possible that it will be accepted, as we know that 2019 ETF will hold this report on bitcoin. Let's wait and see |
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happy weblancer
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October 07, 2018, 03:19:03 PM |
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The people, the technology, the demand and the supply.
Those are the factors that drives bitcoin's value and yes you and I are part of those factors. It's worthless if there's no adoption and you can't use it in real life although most alts has its own price but doesn't have real use case and bitcoin is different from those.
It has its market cap that has the biggest share in the crypto market which has been contributed by us.
Bitcoin, like altcoins, is managed by large corporations or large coin holders. To attract new miners, manufacturers of mining equipment artificially raised the price of Bitcoin at the end of last year and attracted many new users to the crypto market. |
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hubballi
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October 07, 2018, 03:47:30 PM |
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The people, the technology, the demand and the supply.
Those are the factors that drives bitcoin's value and yes you and I are part of those factors. It's worthless if there's no adoption and you can't use it in real life although most alts has its own price but doesn't have real use case and bitcoin is different from those.
It has its market cap that has the biggest share in the crypto market which has been contributed by us.
Bitcoin, like altcoins, is managed by large corporations or large coin holders. To attract new miners, manufacturers of mining equipment artificially raised the price of Bitcoin at the end of last year and attracted many new users to the crypto market. So you mean to say that last year bitcoin price increased was artificially, or you mean the big large corporations have dumped their bitcoin to the new investors and now the price wont go high. Can i know on what theory you are telling this aspects. |
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Emilyp
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October 07, 2018, 03:47:39 PM |
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The price of any commodity or good is driven by people through demand and supply. Bitcoin is driven by people who attach value to it in the form of demand.
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btcjocan
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October 07, 2018, 04:01:38 PM |
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Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?
People are the reason why bitcoin is having its value and its really true that bitcoin was driven by individuals and make it very valuable nowadays.As times goes by its demand will continue to grow same as its value.The more acceptance,the more cryptocurrency would be known anywhere and bitcoin was the head of all digital currencies. |
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Vaculin
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October 07, 2018, 04:03:24 PM |
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The price of any commodity or good is driven by people through demand and supply. Bitcoin is driven by people who attach value to it in the form of demand.
Right.Bitcoin is only driven by us,users,investors,holders.Different individuals with different behaviors to take.I believe through its supply and demand,its price will be manipulated.And not with an institute or any other group of individuals but us. |
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DJ_Rick
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October 07, 2018, 05:16:19 PM |
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I think that btc is the most powerful coin and is definitely driven by somebody but maybe not individuals. I don't know the exact answer that's why I prefer not to claim anything but sure that it is possible
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sunsilk
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October 07, 2018, 07:41:51 PM |
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The people, the technology, the demand and the supply.
Those are the factors that drives bitcoin's value and yes you and I are part of those factors. It's worthless if there's no adoption and you can't use it in real life although most alts has its own price but doesn't have real use case and bitcoin is different from those.
It has its market cap that has the biggest share in the crypto market which has been contributed by us.
Yes I agree on that every individual specially to those who are investing in a big amount in bitcoin will really drive the price to become high and sometimes low, I think it is all because of the direct effect of purchasing or maybe dumping bitcoin on the market place, it will always depend on the volume of investors in the market place. Buying and dumping gives effect to the market directly. When more people are starting to buy that will make the market goes up. And if the number of people buying decreases, go to the sideways and you'll see the demand will plummet. By that time you'll see people who are starting to sell and that will drive the market into lower cap. |
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messito
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October 07, 2018, 08:45:57 PM |
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You all correctly wrote in the description of the topic. the price is governed by the people who buy and sell it. invest my money
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[ M O B U ] The Investment Bank of the Future
The Security Token Protocol and Licensed Security Token Exchange
https://mobu.io/ |
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christofyler
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October 07, 2018, 09:04:03 PM |
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Yes that the most important sector that increase the price of bitcoin.... .most people love bitcoin because the p2p can be skip or ignored. Increase In demand also make the price go up high.
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pat4cryptoreal
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October 07, 2018, 09:09:13 PM |
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The price of Bitcoin is driven by utility, popularity, testimony of beneficiary, news, events and the technology. The points I have mentioned actually drive the demand and supply at a given point in time.
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[ProTrader]
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October 07, 2018, 10:15:30 PM |
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Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?
If it's a zero minimal value how come I can convert it to thousands of dollars per bitcoin? I think you should do a basic research to fully understand what is Bitcoin and it's capabilities. |
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Ziskinberg
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October 07, 2018, 10:54:09 PM |
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Yes that the most important sector that increase the price of bitcoin.... .most people love bitcoin because the p2p can be skip or ignored. Increase In demand also make the price go up high.
Yes.Having its own supply and demand really affected the price variance in bitcoin.And also the different individuals who come here to buy,invest,hold or sell their coins.And yes the news itself made also by the people will definitely make a price change too. |
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Kittygalore
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October 07, 2018, 10:58:04 PM |
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The independent nature of bitcoin is the major factor driving it. I believe people are tired of government, being controlled and watch over like some nanny  . They want to control themselves and don't want a third party and the politics of money. I agree with this. As an individual, people should have the freedom with this kind of topic. Having government as the ruler with this subject is not good to the extent that they wanted everything to be in their control. People does not want to continue this kind of system. That is why probably people loves to use bitcoin. |
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kucritt
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October 08, 2018, 12:53:07 AM |
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as i know bitcoin is managed by system named blockchain, blockchain is a very good system right now, they have high security and very flexible to use, also transparent, i think it will makes big chances in the future about all system
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anshkumandhan
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October 08, 2018, 03:23:42 PM |
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Actually bitcoin is a currency.Which operates on the basis of your demand.If the number of people who spend in it increases,then the market gets hot.And in the beginning some people invented it.But its demand has increased significantly.Now the number of people who want it,has increased.It is now being operated by the peoples.
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batch2016
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October 08, 2018, 03:48:58 PM |
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Yes, I think that is possible. Individuals can directly influence the value of bitcoin if they buy bitcoin in bulk. The value of bitcoin can increase. We know that the amount of bitcoin is limited. If it is big investment. It will directly affect the value of bitcoin and create price fluctuations
I agree if Bitcoin wants to be taken seriously it probably shouldn’t be this easy or legal to manipulate the markets. While decentralization is supposed to replace regulation it’s clear that there is still a way to go before it can be truly taken seriously. As mainstream finance invests in cryptocurrency assets and as countries take steps toward legalizing bitcoin as a payment system method like to other country instead, |
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