What Makes Bitcoin Valuable?

[Polo7]

Limited supply is not what makes BTC valueble.

Price manipulation @ exchangers number one reason.

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[barbara44]

Since bitcoin is all about investing, store up your assets and make profit. What's it to read and understand about. Understanding bitcoin is very easy as Abc, no much stress

That Is just based on your own understand mate, that is what you chose bitcoin to be to you but bitcoin is much more than just those features that you mentioned, those features are just additional benefits of bitcoin to us when we use it, but the main purpose for which bitcoin was established is juts to basically help us solve the payment challenge that many of us has been experiencing as a result of the cumbersome government policy that is governing our financial institutions.

So, you have to please look deep beyond that, this is one of the reason why bitcoin has not grown more than this, because we are not making it as utility, we just use it for store of value alone, meanwhile, we are meant to be using it as utility so that demand can be coming often.

[FlightyPouch]

yeah, even if it was possible to be anonymous, it wouldn't be safe. it is good to be verified while investing, especially when you use reliable and trustworthy cryptocurrency exchange, there is nothing to worry about, that they have got your data

You still need to worry since they got your data, how is not that worrying? But this is not what Bitcoin made valuable, the reason here is that Bitcoin is the first crypto currency, the most expensive and with a lot of users and its volatility, obviously a lot of people would risk their money to invest on it.

[dimastegar]

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y

After seeing the video I can draw conclusions. Bitcoin can be valuable because of the utility function. And one of the biggest functions of Bitcoin is to transact. With the current price of Bitcoin, we can trade large amounts with only a few Bitcoins. Of course, with a simple process and a short time.

[akeda]

At first, people don't suspect that Bitcoin can be a very valuable coin. With the passage of time Bitcoin was able to attract many investors and culminated in 2017. That year the Bitcoin price was very high and many people became wealthy. After that Bitcoin is very popular and nowadays Bitcoin is still a popular coin.

People can make profits quickly and in a matter of minutes. Crypto trading currently in my country has a very large community. So Bitcoin is invaluable and still a force of dance people to invest in crypto.

[bryant.coleman]

In my opinion, ypu cannot be completely anonymous in today's world. Really. Not on the internet, never. So, it doesn't matter what we do, we are not anonymous when we use any of electronic devices.

I don't agree with you. It is possible to remain anonymous, but there is always a risk of someone tracing your identity through hacks or other methods. For example, you can use a VPN to hide your IP. Here the risk is that the VPN provider can double-cross you and provide your original IP to the authorities (although such incidents are very very rare).

Bitcoin to Bitcoin transactions can offer you a great deal of anonymity. Satoshi Nakamoto designed Bitcoin in such a way, as to provide the maximum amount of anonymity to the users. But the problem occurs when you convert your Bitcoins to fiat. Almost all of the exchanges now are KYC enabled, and the authorities are trying to closed down the DEX sites. A single such transaction in your wallet can enable the authorities to trace your identity.

[Daniel91]

I can answer why bitcoin is valuable for me.
With bitcoin I made first real profit online after many years of trying.
With bitcoin I finally have hope to retire soon and quit my job
I can buy different things in my country, or pay for different services, like barbershop, rent apartments etc.
Recently, even Croatian post offce offering crypto exchange:
https://bitcointalk.org/index.php?topic=5168879.0
Bitcoin is becoming more and more valuable with each passing day.

[Sexaphiliac]

Well what makes a thing(commodity, asset) valuable is scarcity, that is the primary determining factor. Air for example would have been a very valuable neccesity but because it isn't scarce no value is associated with it.

Another important factor would be the demand for it. Demand drives price. So when there is a high demand for bitcoin, since it's already scarce(limited in supply). It's the major factors that affect demand that we should consider: news, development etc that make it valuable.

[Reatim]

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y

it takes time to finally learn what really bitcoin is all about because this is technology and not all of us have a great view about this
But reading books and watching movies and documentaries about cryptocurrency and ofcourse bitcoin will add knowledge and teaches us what’s the benefits and the purpose why and how Satoshi created this Virtual currency Bitcoin

[nightxglow]

I never read any book about bitcoin before, but maybe it will be a good material to read if i want to deepen my knowledge in bitcoin and cryptocurrency. Even until now, it's kinda hard for me to really understand bitcoin, the concept, and everything because the blockchain technology is something new for me and i'm not quite familiar with such things. But for me, i think what makes bitcoin valuable is the uniqueness and also the technology, which is not the same with others, and the newness and attractive points of bitcoin makes people interested in it and finally made bitcoin valuable because of many demands, popularity, and such.

[AlexaaaaMaaay]

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y

For me, bitcoin is so valuable because of the fact that in 113 countries, bitcoin is unrestricted. This means that there's no governing power that regulates bitcoin. It's free from any control from any entity. It's rare to have a currency not regulated by anyone. This is huge opportunity for anyone who wants to invest in bitcoin. I saw this blog post and really made me rethink the value of bitcoin https://noahcoin.org/blog/statistics-that-make-cryptocurrencies-worth-considering/

[manok jepang]

Bitcoin has limited limitations, unlike Fiat which has unlimited amount and is accepted. This makes the selling price of Bitcoin very expensive. One of the things that makes Bitcoin the center of attention is because Bitcoin is not protected by the government or government. Besides being easy and fast, in Bitcoin transactions there is no limit to the number of Bitcoin that must be sent. Shipping taxes / Bitcoin transactions are also cheaper than bank taxes or other services.

[SirLancelot]

In my opinion, ypu cannot be completely anonymous in today's world. Really. Not on the internet, never. So, it doesn't matter what we do, we are not anonymous when we use any of electronic devices.

I don't agree with you. It is possible to remain anonymous, but there is always a risk of someone tracing your identity through hacks or other methods. For example, you can use a VPN to hide your IP. Here the risk is that the VPN provider can double-cross you and provide your original IP to the authorities (although such incidents are very very rare).

Bitcoin to Bitcoin transactions can offer you a great deal of anonymity. Satoshi Nakamoto designed Bitcoin in such a way, as to provide the maximum amount of anonymity to the users. But the problem occurs when you convert your Bitcoins to fiat. Almost all of the exchanges now are KYC enabled, and the authorities are trying to closed down the DEX sites. A single such transaction in your wallet can enable the authorities to trace your identity.

Based on your first paragraph then, anything that can still be cracked successfully to boycott anonymity is not then anonymous if you look at it from that angle. What is the point of VPN when the VPN providers can see trace our identity, but if it was a decentralized programmed through blockchain technology, even the provider is also blind to the activities of the user, and this is what makes it difficult for them to be able to trace bitcoin transaction.

And you are right, it is only the development of centralized exchanges that is now making bitcoin transaction looks anonymous, but if we were to use dex exchanges along with crypto, then the anonymity of bitcoin transactions will be 100 percent perfect, and this is still one of the greatest value of bitcoin to me, which is why I use dex exchanges more.

[ansarose1]

In my own perception, bitcoin has the good value because it gives fame or popularity for cryptocurrency to be known around the world. And i also think that it has its good potential value because many invest on it and its trading volume is so incredible that it is the most volume coin in the market.

[peter0425]

In my own perception, bitcoin has the good value because it gives fame or popularity for cryptocurrency to be known around the world.

Bitcoin symbolizes the cryptocurrency even though it was not the first crypto created ,but I don’t think that’s the only reason why this became  valuable instead the main reason is the advantage on ho this works against Fiat and the availability worldwide (in right time lol )

And i also think that it has its good potential value because many invest on it and its trading volume is so incredible that it is the most volume coin in the market.

Potential value is indeed but the use of crypto what made them so valuable and I like it when it says to be the next Currency to be used world wide

[Wonder_woman]

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y

Bitcoin makes valuable because of its price is so expensive compared to any tokens. It is really interesting because of its price. The good thing is the price is volatile. You can have the opportunity to earn big in the future if the price will rise up again. This is what people looking at  and monitor on bitcoin.

[BabyBoss]

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y

Having a good price makes bitcoin valuable because everyone have the chance to have a big profit in the coming price pump. Price increasing this is what people monitored in bitcoin because everybody involved here will get a big profit ans savings too.

[ballexplorer]

How valuable the Bitcoin will be in the future, we will see. I think it's important that the BTC can be exchanged and that it is decentralized. Thus independent of the banking system.
The bigger the Bitcoin community becomes, the higher its value becomes.

[rodel caling]

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y

Having a good price makes bitcoin valuable because everyone have the chance to have a big profit in the coming price pump. Price increasing this is what people monitored in bitcoin because everybody involved here will get a big profit ans savings too.

That is right mate bitcoin very valuable investment specially for those people knows how thw importance of bitcoin in the future that give better life by holding for long term. I'll remember the the young student get millions from bitcoin.

[Emmycool]

BITCOIN IS VALUABLE NOT ONLY BECAUSE IT THE FUTURE MONEY BUT BITCOIN IS MORE THAN GOLD BECAUSE TODAY YOU MIGHT BE POOR BUT TOMORROW THE BITCOIN YOU HAVE CAN TURN YOU INTO A BILLION 💰 OWNER