Bitcoin value starts with people's attention? or with its technology?

[aosis]

Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?

I think we still live fine without having Bitcoin being actively used in our real lives.

Oh well... In terms of transparency, i can take on Bitcoin's technology.

But which one is it that raised its value so much though?

Technology or People's attention?


Btw, has anyone experienced BISPEX exchange known as its insurance funding?

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[Liquid_Gas]

Bitcoin value starts with secure technology. Attention leads to greed, and really LARGE piles of money tend to fly around every two or three years.

[avikz]

Well, you have asked a lot of questions within a small scope of this thread. But let me try to answer.

Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?

I think we still live fine without having Bitcoin being actively used in our real lives.

Indeed it is a life changing concept! However, it depends on how you look at it. Majorly, bitcoin is used as an investment contrary to its initial idea. But we have loads of examples where people were able to achieve succes through crypto trading or just by investing in it. We have negative examples as well but these people tried to become rich overnight. So it's a mix of good and bad experiences like most other things of the world.

Bitcoin is not being used actively in many countries. But here the issue lies with the legal framework of that country, not with bitcoin. It is fully capable to be used actively but due to unfavorable legislation, people are not able to!

Oh well... In terms of transparency, i can take on Bitcoin's technology.

But which one is it that raised its value so much though?

Technology or People's attention?

It's both! The anonymity is one of the major factors behind the popularity of bitcoin today. So first came the technology which caught people's attention and then comes the popularity. This popularity is what driving bitcoin today! Makes sense?

[Casdinyard]

But which one is it that raised its value so much though?

Technology or People's attention?

Both, of course. Technology is what made bitcoin however it will be just nothing if people doesn't need it and that dictates the demand as well.
On the other hand, maybe, if bitcoin doesn't become a stored value coin we don't bother to use even how promising it is. C'mon, don't be hypocrite if you say no.

[BlackFor3st]

Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?

I think we still live fine without having Bitcoin being actively used in our real lives.

Oh well... In terms of transparency, i can take on Bitcoin's technology.

But which one is it that raised its value so much though?

Technology or People's attention?

People's attention because bitcoin is dependent to it's demand and the one who dictates the demand are the investors which are the people.

So without us bitcoin is useless that is why the founder and supporters of bitcoin are doing their best to advertise bitcoin in order to reach to other people who are potential investors or supporters in order to raise the price of bitcoin. More demand means higher price.

[k@suy]

Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?

I think we still live fine without having Bitcoin being actively used in our real lives.

Oh well... In terms of transparency, i can take on Bitcoin's technology.

But which one is it that raised its value so much though?

Technology or People's attention?

People's attention because bitcoin is dependent to it's demand and the one who dictates the demand are the investors which are the people.

So without us bitcoin is useless that is why the founder and supporters of bitcoin are doing their best to advertise bitcoin in order to reach to other people who are potential investors or supporters in order to raise the price of bitcoin. More demand means higher price.

Yes thats right! If without us there is no bitcoin because as what you have said it depends only on the people's demand thats why if the demand is high the price will also increase. And because bitcoin is the most influential coin, it will affect all the other coins if there is a movement on its price. In fact most of us are waiting for the halving because they are speculations that after the halving season, the bitcoin's price will rise.

[samuraijin]

everyone has different thoughts about bitcoin, so no one forbids you to live without bitcoin and also nobody forces you to be a bitcoin user, how can anyone pay attention without having to look at the technology, even some people buy and sell their products too with bitcoin, sometimes people buy it as an investment in their digital assets where at times they can sell it when it's expensive, so what's bothering you about bitcoin while bitcoin doesn't disturb your life at all, just live what it should be, everyone goes for bitcoin is their freedom of thought about bitcoin whether it comes from investing or looking for profit or just attention and that's what makes bitcoin valuable, lots of technology you can use it's just that you don't want to use it and it will be very difficult, everything comes back again to people How do they think about bitcoin?

[mk4]

I think we still live fine without having Bitcoin being actively used in our real lives.

Everything's fine, until it's not. You could probably argue that you currently don't need bitcoin if you live in a country with a somewhat "healthier" economy(for now, at least) like the United States, but in the future? Let's see. You just hope that no one gets to mess up the economy either by corruption, or mismanagement. Also, let's not forget our buddies in countries with dumpstered economies like Zimbabwe and Venezuela.

[freedomgo]

Bitcoin is not for everyone who like to improve their life, it's just a system and with massive adoption its gonna be more transparent compared the centralized system we are currently using.

Who benefited this? the users and the investors who invested at its early stage.. I am sure, this internet money will be popular in the future sending money in different parts of the world would be easy.

[Darooghe]

I think the people's attention that came from fast growing of bitcoin price (especially the 2017 bull run), is the most important reason for bitcoin value today. Blockchain is a great tech but Bitcoin is not ready for mass adoption. I would argue that Bitcoin will need to scale faster to accommodate a large increase in users. The fees and confirmation times aren't too horrendous right now but it could get much worse again in future. Segwit needs to have higher adoption and lightning network needs to be implemented widely.

[chaoscoinz]

Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?

I think we still live fine without having Bitcoin being actively used in our real lives.

Oh well... In terms of transparency, i can take on Bitcoin's technology.

But which one is it that raised its value so much though?

Technology or People's attention?

Bitcoin is only 10 years old, it has many years to still grow. Bitcoin and the block-chain have come very far and to think, it all came from one mans dream to help change the world through a digitally improved version of your standard financial ledger. I think Bitcoin was only a simple proof of concept introducing and demonstrating the capabilities of the technological innovation of the block-chain, a decentralized, transparent and publicly distributed digital ledger that runs on a peer-2-peer network which prevents any tampering or alterations of it's logged transactions.
  To answer your question, it is true, the current financial system works quite well, and is a whole lot faster to use than Bitcoin or cryptocurrency. This is only a time, because the  block-chains are becoming much faster and the interfacing around this technology is becoming more user friendly.

[qiwoman2]

Bitcoin is actually far more complex than other stores of value, or technology because it is both. You may argue that Gold also has that feature, of being both useful and also used as a currency. Bitcoin has something more than any technology I have seen so far. It is going to be used in all our future infrastructure layers, seen and unseen, noticed by the public at large, and also will go unnoticed, but will be used in the background. The Blockchain technology itself to be utilized is so diverse in nature, that for me that is where the real intrinsic value lies. On the other hand, the more people have access to Bitcoin as a currency, the more attractive it will become as a store of value also. As more and more people like the decentralized aspect behind it and have the feeling of being more in control of their money (especially when it has a limited supply tag on it)  they will be ultimately attracted to Bitcoin for holding purposes and for using it in their daily transactions.

[Asmonist]

I think its both the people and the technology. Basically these two factors are essential for bitcoin value. People are the participants and creators that will do the action and market activities. The technology on the other hand is very important to have the platform to work on to. When people create and utilizes bitcoin we need technology to do it. When technology fails the price is also affected. When people don't participate who will utilize it?

[White Christmas]

I think its both the people and the technology. Basically these two factors are essential for bitcoin value. People are the participants and creators that will do the action and market activities. The technology on the other hand is very important to have the platform to work on to. When people create and utilizes bitcoin we need technology to do it. When technology fails the price is also affected. When people don't participate who will utilize it?

Actually it really starts with the people's attention because without the people's attention there will be no technology that will involve bitcoin as well. Although this two are performing a big participation to the bitcoin it really matters on what is the best thing to do. The person's attention are the one they are making to enter and to be entertained in the bitcoin because their attention will brought them extra knowledge on it.
People are the one who are making the bitcoin to be utilized in different matter so that this are the very important thing we need to be focus on.

[Reid]

You are not seeing it now because it became a store of value.
Anything that is limited will have that kind of event. Gold, oil or painting and rare items.
Because of that, people will appreciate its value as it takes longer in the market specially when it is mint.

Now, people don't value art that much by now. They want something with a connection with technology.
Bitcoin is being offered. You will just need to see through the future.

[kaya11]

Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?

I think we still live fine without having Bitcoin being actively used in our real lives.

Oh well... In terms of transparency, i can take on Bitcoin's technology.

But which one is it that raised its value so much though?

Technology or People's attention?

I think both have to play their important roles on bitcoin in order for it to be successful. With technology like this that is fully backed by majority of the population in the world, maybe a new beginning is possible. All technological advancement is much needed and should be run by the people unless their is really an A.I that could fully think on it's own and that way we are no longer needed.

[Fatunad]

I think the people's attention that came from fast growing of bitcoin price (especially the 2017 bull run), is the most important reason for bitcoin value today. Blockchain is a great tech but Bitcoin is not ready for mass adoption. I would argue that Bitcoin will need to scale faster to accommodate a large increase in users. The fees and confirmation times aren't too horrendous right now but it could get much worse again in future. Segwit needs to have higher adoption and lightning network needs to be implemented widely.

Lightning network really  needs to be widely implemented in order to improve the speed of transactions because it will be a big turn off for the investors if the technology is slowly progressing in the field of transaction speed and fees. Segwit are slowly becoming popular for the new investors these days and that actually is a good start.

[achach]

The value of bitcoin begins with an investment. And people are primarily interested in earning money.

[bitcoindusts]

Value starts with the technology and ends with peoples attention.  I think the two should be considered when we are talking about value.  Technology for its usefulness in peoples' life.  But it does not ends there, the realization of the value of a technology if people took notice of it and get interested with it.  Same goes with other items such as gold.  If people are not interested in acquiring gold, would it have its current value?

[Ratash]

Its a little bit of both first people must know about bitcoin and have an interest in it so bitcoin will be known world wide and that will attract developers to use bitcoin and its technology on daily basis.