What Makes Bitcoin Valuable?

[DabsPoorVersion]

actually bitcoin has the same base as other currencies and is used to buy things or to transact, but why is bitcoin so valuable that if we look at it now investors really want to have a little bitcoin to invest maybe because it causes bitcoin to be valuable, because when many people who are interested in buying bitcoin can of course say prices will rise because of the limited supply of bitcoin, in my opinion for that reason making bitcoin is very valuable.

No, the most valuable thing about Bitcoin is its independent inflation rate. All participants in the community know that there will be not so much Bitcoin and it is strictly limited. That is, it will not be able to manage Bitcoin mining. This is the value of Bitcoin.

It could be right, but as for me,
Bitcoin is valuable simply because it is considered as a form of money (digital money). End user deliver its value, it means more user the further the demand is. As long as more end user will accept blockchain technology, and adapt bitcoin as means of payment, it will be more valuable than it was even before.

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[Sebas.tian]

In my view to your question, I will say these few words: Bitcoin is transparent with the help of the Blockchain among all the digital or online money that has been in existence. Also, Bitcoin supply is limited compared to fiats which the government can print at any giving point in time, Bitcoin has a supply of 21Million and cannot exceed the stipulated amount. Also, because of Bitcoin anonymity.

[LUCKMCFLY]

The fact that Bitcoin represents money already makes it valuable, from the technological point of view it is an advantage that it has over traditional banks, since its transactions are very fast and handle considerable volumes in a few seconds.

As bitcoin has a finite number of Bitcoins (21 million) it makes it highly valued, because inflation is not generated because they do not print or are generated, it has a deflationary economy, this allows everyone today to want to participate in its technology, its market is based on supply-demand, although not supported as some actions in the Stock Market, has a great influence worldwide.

Today it is acquiring much more adoption, it is reaching users who have never been in the crypto market. The Bitcoin market can apply many types of studies, since it is already 10 years old, which makes it have a considerable life, it has also caused many altcoins to arise depending on their technology and particularly the price.

With respect to the thousands of bitcoins that have been lost, owners who have lost their private keys, the fact that they are not in motion and are considered lost this helps the price to rise, there is less supply, therefore the price increases . The fact that every day people join their technology, taking advantage of the market and its value makes bitcoin gradually have more value in every way, and since it is of low correlation with traditional assets, it helps to have a very good wallet diversified.

Already many news speak that the increase of new levels in the S & P500 will help bitcoin to rise in price, this statement is debatable.

[virasisog]

I have not read any books about bitcoin or crypto, but it did not prevent me from trading and understanding how it works

actually i am not into reading books as well, but i guess it has something in there that adds up to knowledge of people who takes time to read them.
i can read articles but i am more into video presentation or actual explanation much better.
I guess it depends upon the preference of the person and about bitcoin being valuable? value depends on how people value it actually same to fiat.
but knowing the advantage of using bitcoin makes the difference. https://www.youtube.com/watch?v=SSnsR129b_c&feature=youtu.be

[Darooghe]

Bitcoin’s value as money needs to be understood like gold, which comes not from legal force, but from its specific attributes. Bitcoin’s attributes make it an amazing form of money or a payment system, and it was engineered for just that purpose.

It can be sent anywhere, instantly, at near-zero cost, this is one of the traits you would give it Can’t do that with gold due to physical constraints, or dollars due to legal constraints. It is scarce with a known supply and a known inflation schedule And it cannot be manipulated, restricted, or seized by any central party. Nobody has special privileges. In this way, it is very democratic, and very egalitarian. it is pseudonymous, censorship resistant and secure.

Bitcoin might not be perfect, but it’s pretty good and this is why people are using it as money, despite the fact that nobody is forced to.

[pankajgupta]

It's value make it valuable. Today, most of the youth want he have more bitcoin because of its high value. Bitcoin is transparent and it is decentralized i.e. nobody have control over it. You can hide your transactions from others. It is virtual currency, you don't have to carry it physically. Its amount is limited. Nobody can increase or decrease their amount. But it's demand increases due to which it's value increases.

[crossabdd]

see the video that you shared. I understand a little what you mean. and I have never read the standard bitcoin book to understand its value. I only learned through the internet about why bitcoin is valuable. that is in my opinion
- decentralization
- private
- There is no middle man
- very safe
- comfortable
- no transaction limits
- fast
- No big fee
- support all countries

[qwertyup23]

Valueable? i think because the total supply of bitcoin only 21 M and almost hit 18 M right now (only 3 million left) Just wondering what happend when the total supply circulation hit 21 M. And high demand make it more valueable. Also bitcoin utility for the future will make the price get higher than now.

The supply/demand of bitcoin is only one factor of what considers it valuable. The reason on why the demand is high is due to the people who are willing to pay for it. Just like gold (other than its innate and rare material), people are willing to purchase gold at a higher price which makes it valuable (increases demand). On the other hand, bitcoin which exist solely in the internet, is considered as an investment that may either skyrocket or drop its price in a given amount of time.

It's value make it valuable. Today, most of the youth want he have more bitcoin because of its high value. Bitcoin is transparent and it is decentralized i.e. nobody have control over it. You can hide your transactions from others. It is virtual currency, you don't have to carry it physically. Its amount is limited. Nobody can increase or decrease their amount. But it's demand increases due to which it's value increases.

Those are the factors of what makes bitcoin valuable and the reason on why people purchase it. But the deciding factor is its high price on the market which makes it an excellent candidate for an investment. For example, the traditional investment options available today have returns that take a long time to realize.

[TwoSides]

What makes Bitcoin valuable is it still exists after how many years considering that it is virtual money. I've known Bitcoin for years now but it seems that it is a complex thing, there's so much to learn about, so I stopped learning about it and just have faith in it that it will somehow bring me to profit much more than banks could give.

[Murat]

Every coin has two sides, head, and tail, some negative things have also both positive impact, I think volatility is of the reasons to make it more popular and valuable among the people. When you see that the price of Bitcoin is going down and there is an opportunity to get high again then you must take a step towards buying Bitcoin for gaining profit. You may think it's a wired thing, but for me, It's the main reason to get attracted people to this platform, You may say Bitcoin is the digital currency, it's a decentralized coin, it's safe, there is privacy, the transaction process is easy and so on, but in my opinion, People love taking risk and that's why they are willing to buy Bitcoin to make profit when the price is high. That's a simple case.

[Zeke_23]

It is valuable because it has users, we are the reason why it is valuable. Demand is the reason for bitcoin why its value increases. Without users, it will be useless, its value wont reach its price as of today.
Determining value depends on its use, number of users or the demand and its capability, and bitcoin have all of it.

[ashmodeus]

for me, bitcoin its different than another ,
Well we can say that the first of altcoins , but besides it, bitcoin also have something special, that satoshi.
even he know bitcoin famous already, he/she still be anonymous until now, i believe he still a live.
very different with another coin creator like charlie lee, vitalik ,etc.
that why btc still valuable until now, even for eternity.

[AicecreaME]

I have not read any books about bitcoin or crypto, but it did not prevent me from trading and understanding how it works

Yes it doesnt prevent you from trading and understanding but somehow you lack small infos where those infos can be get by reading books and watching articles,books are not worthless they contribute to our knowledge towards a thing

I'm not a book person but reading books is fun sometimes, but I feel like it's not that big and just limited information are stored in a book, you might say "then buy another volume of it", I won't, having many books will just consume spaces in my room, however I have kept some books if I find it interesting and limited on the market, that's the reason why I still preferred using google whenever I want to know something, it's just one google away, I don't like to bother myself searching something in a book by reading it from the start, no offense but we have our technology, why don't use it.

Learning thru internet is much more time saver than reading a book, in my opinion.

[yulionoo]

what makes bitcoin valuable is the limited amount of 21 million coins. the amount is limited but the demand for bitcoin every year continues to increase, which eventually makes the price of bitcoin soar. and now the number of bitcoins in circulation has reached 18 million and the remaining 3 million coins are still being mined. with this estimation, many predict the price of bitcoin will increase again. because the amount is limited.

[Kunnu]

First of all it's crypto community who made the Bitcoin valuable with the better understanding about crypto currencies and the second thing is the structure of Bitcoin indicates its value itself.

[Fredomago]

what makes bitcoin valuable is the limited amount of 21 million coins. the amount is limited but the demand for bitcoin every year continues to increase, which eventually makes the price of bitcoin soar. and now the number of bitcoins in circulation has reached 18 million and the remaining 3 million coins are still being mined. with this estimation, many predict the price of bitcoin will increase again. because the amount is limited.

That's count aside from the supply and demand, bitcoin become valuable as holders makes the trading with many investors to hold and keep their assets the demands will speak by himself and move up according to how far they can hold.

Users and supporters are the cause of bitcoin movement, being treated as  a stored assets eventually makes it more valuable.

[ReiMomo]

Well, it's because of the demand and the supply. If it's the demand will increase and there's a lacking of supply then that reason why the value of bitcoin will be more valuable but it's not permanent since the value of bitcoin is volatile so it may rise or fall from time to time. It is the most important thing that you must need to know as well. But sometimes I also believed in whales manipulations in the market for sudden downtrend and having a struggle when it comes to raising up. That makes bitcoin valuable and very volatile price.

[febriyana]

Bitcoin is having value because that is decentralized, anonymous, and have limited supply.
At first time 2013 actually i never learn it from any book or article, i just try play faucet where referred by my friend.
After that i find many referral to my account, that is around 200 ref. That is make me around 0.2 BTC.
Because that i learning about Bitcoin, i just create wallet then receive my payout. Then i try to buy phone pulse, from there i just know this Bitcoin will big in the future.
That is right, now the price is better than 2013.

[gandame]

Bitcoin become valuable because the price become goes up and down. And once bitcoin pump up the price many are become happy.
Bitcoin has a potential that the price will grow and many investor become millionaire.

[Dreamr]

I think bitcoin whitepaper explains EVERYTHING about bitcoin from beginning to the end. By starting bitcoin is a peer-to-peer digital currency that is fast, secure, and decentralized. All the other books out there are just trying to explain the bitcoin concept in a more simpler way and describable manner to the public.