Btc has no value

[Twinscoin2017]

I think there is no need to say that the bitcoin is no value when we all know that it is more precious than any other coin in the crypto feild. The bitcoin is becoming more amazing and popular each day, so i think bitcoin will be the future of money. And i see that many more people will become more interested on it in the near future.

[NathanJB]

Every currency has actually no inherent value. The value that is found in a currency is coming from the people who agree together to put value to it. Otherwise, all these currencies we have right now are simply garbage. Bitcoin is the same. However, the thing here is that it is owned by us, its value is dictated by us, in contrast to fiat which is not owned by us and the value is dictated upon us.

[rodskee]

I do agree and yes if they are saying bitcon has no value because it is made of nothing then money is nothing but a printed logo in a paper only,fiat currency has no value too for me,why?Because fiat currency everywhere is just printed by machine which is based on amount of gold deposited on the bank,only gold has a value for me in this current world.Yes you can spend fiat now everywhere but if we based on what other say about bitcoin and the reason why they call it no value both does not have a value.

I dont believe in what you said.as long as you use fiat money and btc it has a big value.why? It is because they give benifits the way you use it. In this forum we know that we always talking about bitcoin we promote also bitcoin because it is important bitcoin for us in term of payment.why does someone saying that bitcoin has no value while you using it.even money how can you live without money what is your life without this.as long as you using bitcoin and fiat money you value this.
Now saying that bitcoin replace for payment in salary well I do believe this is not gonna be happen because in a job there is exact min or maximum payment you should achieve for your salary.my point only btc and money are have both value in our life.because if not why we work for the money.

[slaman29]

As of now, there is not much really backing the extraordinary value of BTC/Crypto except people's beliefs and expectations

The blockchain concept IS revolutionary for sure but its too early to price BTC at $10k.

I'm one of the least ultra Bitcoin supporters there is out there actually, because I'm not a maximalist at least I don't think we'll see any of those utopia Bitcoin dreams come true in the next 50 years BUT I wouldn't say there's not much really backing Bitcoin. Not much backing crypto I agree but I never put BTC/crypto in the same bracket. Bitcoin has actual usage, actual networks, actual decentralized power, actual security. That is true value.

[jakoylantern]

Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing.

BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon. It will only be huge advantage for us early adopters to get some while cheap.

For me, I agree with what you said that some people saying that BTC has no value, but those people don’t truly know the value of the bitcoin. Yes, this crypto is the next or the future money, there are some company would like to use/ accepts this cryptocurrency. But I think its all about the acceptance of other influential people that needs to consider and make this ppl to believe.  

[Austin_Lord]

Bitcoin is actually considered as digital money. It has value but its role is quite different from physical money. It could be a currency in the future but it doesn't mean that t will be replacing any currency. We only need adoption and acceptance to make it the most valued currency.

Yeah i agree.. the people who know the bitcoin they know the real value of bitcoin..

[Janation]

Who said that bitcoin has no value.. seriously  if people  think like that  then May be they have less knowledge  about bitcoin.. they should know more  and more about bitcoin..

You have less knowledge.

Do you think Bitcoin has intrinsic value? Are you serious? So you are saying that if we strip the price of BTC to used and any other Fiats it will still have its value? No, Bitcoin is said to have no value since it has no intrinsic value. You have "less knowledge" about Bitcoin and you should know more about it, maybe learn some economics to add to that.

Bitcoin is actually considered as digital money. It has value but its role is quite different from physical money. It could be a currency in the future but it doesn't mean that t will be replacing any currency. We only need adoption and acceptance to make it the most valued currency.

Yeah i agree.. the people who know the bitcoin they know the real value of bitcoin..

Yeah the actual thing is that some people dnt have so much knowledge  about bitcoin thats why they are saying that bitcoin has no value..

Wow, you're talking to yourself.

[grecko45]

I do agree and yes if they are saying bitcon has no value because it is made of nothing then money is nothing but a printed logo in a paper only,fiat currency has no value too for me,why?Because fiat currency everywhere is just printed by machine which is based on amount of gold deposited on the bank,only gold has a value for me in this current world.Yes you can spend fiat now everywhere but if we based on what other say about bitcoin and the reason why they call it no value both does not have a value.

It is quite logical. If a cryptocurrency written on a machine and not having a physical shell does not cost anything, then why a piece of paper and the pictures on them should be very different. Logically, they can be estimated at the cost of a piece of paper and paints that were spent on their creation. Valuable metals is a slightly different matter. But in principle, everything is relative in our world.

[JusticeCrypto]

Btc value was neglected from the onset but presently, many are regretting for their negligence. So Btc will increase in value despite the reactions of people and different countries. The value has being predicted to appreciate with time. So be patient.

[silver23]

we can say that Bitcoin is not real but has value.
if we compare something that is not real like the internet even though it is not an investment but is bought and sold, everyone accepts it.
Bitcoin is very feasible to be in this world, this is the future of formless or unreal money.

[Betwrong]

As of now, there is not much really backing the extraordinary value of BTC/Crypto except people's beliefs and expectations

The blockchain concept IS revolutionary for sure but its too early to price BTC at $10k.

Can you please say what kind of logic is behind that statement?

When people say that 1 Bitcoin can't cost more than 3.8 million USD that's reasonable because this price is possible only if BTC replaces all the money in the world. Of course it can cost infinite times more in case of hyperinflation of USD, but with today's purchasing power of it, we can get 3.8 million USD per 1 BTC max.

But I really can't understand, how it can be "too early" for $10k. It would be interesting to look at some math behind that statement.

[ubay]

Bitcoin is created because of complicated algorithms and large resources, naturally, it's expensive. If there are people who say bitcoin is nonsense, he is a person who is blind to technology.

[HardFacts]

Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing.

If we think this way then we should be only exchanging goods like gold, stones, weapons, food.

BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon. It will only be huge advantage for us early adopters to get some while cheap.

When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.

I would NEVER invest long term in paper money, and I would NEVER invest long term in bitcoin.   If I could predict the huge price swings of bitcoin, I would absolutely trade it, and become very wealthy and convert it into REAL HARD assets ASAP.

BITCOIN is unusable as salary or money, the price is much to volatile to value anything in bitcoin.  Nothing that can change 25 % in a day works well as money.   The only bitcoin pricing schemes are actually priced in US DOLLARS, and then converted to bitcoin.  No company is paying anyone a fixed salary in bitcoin, say 1 bitcoin a month, it is all priced in much more stable FIAT and converted to bitcoin.

[coin-investor]

Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing.

If we think this way then we should be only exchanging goods like gold, stones, weapons, food.

BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon. It will only be huge advantage for us early adopters to get some while cheap.

When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.

Bitcoin has more value than all these paper money we had because it takes a lot of computer and sophisticated hardware to mine just one Bitcoin, and the supply is very limited but in terms of domination, we still need fiat in our everyday transactions.

[Mike Mayor]

As of now, there is not much really backing the extraordinary value of BTC/Crypto except people's beliefs and expectations

The blockchain concept IS revolutionary for sure but its too early to price BTC at $10k.

Can you please say what kind of logic is behind that statement?

When people say that 1 Bitcoin can't cost more than 3.8 million USD that's reasonable because this price is possible only if BTC replaces all the money in the world. Of course it can cost infinite times more in case of hyperinflation of USD, but with today's purchasing power of it, we can get 3.8 million USD per 1 BTC max.

But I really can't understand, how it can be "too early" for $10k. It would be interesting to look at some math behind that statement.

That is no logic. It is backed up by way more than peoples belief and expectation. How does this person think transactions are processed?? Besides currency doesn't need "backing"
If we talking about the currency being backed by something valueable there is no need since money is supposed to be backed by gold but we never see that gold and don't need to. In fact it doesn't even have to exist.

[elisabetheva]

Bitcoin is created because of complicated algorithms and large resources, naturally, it's expensive. If there are people who say bitcoin is nonsense, he is a person who is blind to technology.

Indeed, they may not experience how bitcoin can provide an unexpected profit. I agree with your opinion that if anyone does not believe and says that bitcoin is nonsense. they are one of the people who can't enjoy fortune from bitcoin.

[Swopon]

Some people who are saying that btc has no value they are bunch of idiot.They don't know about btc or amy other crypto currency.If they research about Bitcoin surely they will realize what is the real value of btc