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

[Eugenar]

With a great invention, it is always backed by a concrete and flawless plan for it to be implemented. Bitcoin in a case undergoes massive development that requires the help of the world for it to be perfect. Now that we are more focus on the bitcoin's value, the option we have is whether it starts with the peoples attention or with its technology, where in fact could work both other ways and vise versa. Bitcoin could possibly have its value because of it technology seen by people that leads to its adoption or the other way which is bitcoin gains value because of attention first, followed by the improvement of its technology.

[1714849061]

1714849061

[1714849061]

1714849061

[1714849061]

1714849061

[1714849061]

1714849061

[1714849061]

1714849061

[fullhdpixel]

I think I’m going to give it to the people. The technology is good but imagine that the people decides to not adopt and invest in it, it’s going to be worthless . So the value is because of the people that are investing in it. And as to whether Bitcoin can change life? The answer to that is a no. Bitcoin cannot change your life, the only thing it does is to make transaction easier and cheap for us.

If you’re making use of Bitcoin there is a less cost for sending money abroad compared to what you will have to pay if you’re to make use of banks, there are even cryptocurrencies with lesser cost. I used ETH to send money for the first and the cost was very low and it was instant. That’s the only thing Bitcoin and other cryptocurrencies can do for you, they are not going to change your life, you have to work towards changing your own life.

[bitvalak]

It all depends on the perspective of each person, everyone has a thing to take the value and technology provided by bitcoin. In general, at this time people's views on bitcoin are already out of the original concept, because people only focus on values and values so that many expect to get a lot of money in an instant. Greed arises, then when prices fall a little panic occurs everywhere. Unlike people who view bitcoin as a technology, of course, will not be affected by the decline in value at any price.

[yulionoo]

I think both of them are really needed to increase the value of bitcoin. some people are interested in bitcoin because the technology underlying bitcoin is very revolutionary and also makes it easy for us to make transactions. and bitcoin to be able to grow also needs attention without public attention bitcoin is not likely to increase. and in my opinion bitcoin will come to the attention of many people when bitcoin can reach an ATH value of $ 20k.

[TopT3ns]

I think both of them are really needed to increase the value of bitcoin. some people are interested in bitcoin because the technology underlying bitcoin is very revolutionary and also makes it easy for us to make transactions. and bitcoin to be able to grow also needs attention without public attention bitcoin is not likely to increase. and in my opinion bitcoin will come to the attention of many people when bitcoin can reach an ATH value of $ 20k.

indeed at the moment I see both of them playing an active role from technology that is increasingly being developed and widely used by many platforms will provide increased use means that there will be many transactions that will use bitcoin or use the technology which can have a good influence on the price of bitcoin at the exchange place.

[bounceback]

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?

in my opinion bitcoin is very valuable, of course because of technology and attention, by using blockchain technology in it, bitcoin is in high demand by the public and investors to be used as their transaction and investment tools, and with blockchain technology it makes bitcoin very different from conventional currencies where bitcoin will become our own finances without the authority of a central bank or other organization.

[affandi]

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?

My apologize for people that maybe not agree with me, but bitcoin last pump i think really get hyped that is why people aware with it. And not because it's technology because after it, bitcoin price looks not get any support anymore except from it's early investor especially when it is dumped. Because if bitcoin technology keep developed and can attract people, it must be already staying in high price.

I also thought like that, the big pump that happened in 2017 was the ICO hype, because all ICO projects use the token / altcoin purchase method with BTC. and not only BTC, ETH and BCH are also one of the buying methods. these three crypto really had fantastic prices at the time, but after the ICO began to disappear, the prices of the three cryptos began to fall. but hopefully I misjudge, and the reality is that Bitcoin is indeed worth defending because the technology has been widely used by many people in the world.

[crzy]

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?

Technology before but right now its more on the peoples attention and peoples mindset. Bitcoin is good for transacting faster than the banks but since governments are against this one, we can't enjoy its true potential. Bitcoin will grow more if there's a big support from the government and the investors.

[Eclipse26]

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?

Technology is the reason how Bitcoin was created but people is the one that gives value to Bitcoin. What's the purpose of Bitcoin if no one's using and giving value to Bitcoin. That's why demands affect Bitcoin's price.

Yeah, people can still live without Bitcoin but people with Bitcoin is more advanced when it comes to technology and opportunity. They're missing out what we can achieve here with Bitcoin. If bitcoin changed our lives when she started investing in Bitcoin, what more if everyone will?

[dimox]

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.

right, at the first time people look for uts technology, but many of them now earning profit. people will think bitcoin is very good because the technology, and they believe someday they will gain much profit after collect this coin.

[Danne87]

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.

right, at the first time people look for uts technology, but many of them now earning profit. people will think bitcoin is very good because the technology, and they believe someday they will gain much profit after collect this coin.

but usually speculators lose

[Murat]

Of course, both would be the reason for becoming an important thing in the current market, I think with the invention of Technology, people are getting attracted to this system, I think people's curiosity is one of the most important things in this issue, When people know at the first time about Bitcoin then they started to search about the actual facts and findings about Bitcoin, day by day when people's hype was increasing then the market was being developed in that way, I think this is how a market usually develop. so both technology and people's attention were the key factors for the present Bitcoin status.

[Yamifoud]

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.

right, at the first time people look for uts technology, but many of them now earning profit. people will think bitcoin is very good because the technology, and they believe someday they will gain much profit after collect this coin.

It is because people will much appreciate Bitcoin as an investment but not as the technology itself. Granting that it makes more susceptible to the people if they could make money rather than to use of no returns. It is really to push the people and consider Bitcoin as a currency especially to the place that Bitcoin/or any crypto coins aren't accepted and it is hard to realize its purpose until cryptos will be accepted anywhere in all online transactions.
It may be we could have to wait for another decade before we are fully considered.   

[AjithBtc]

People's attention along with the technology advancement has made the value. The technology is big and a game changer, by the time if there is none to use then the value it hold is zero. With time the adoption and usage of cryptocurrencies keeps growing which is by the people and the continued updation of technology makes it usable for the long term.

[coin-investor]

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 is easily gone when they find something interesting that do now if Bitcoin does not have value at all, people will not become interested in this technology, when I first discover Bitcoin I become interested in its uniqueness, it's something that has never been done before and people knew that they have to be part of this technology.

[keeee]

I think both of them are really needed to increase the value of bitcoin. some people are interested in bitcoin because the technology underlying bitcoin is very revolutionary and also makes it easy for us to make transactions. and bitcoin to be able to grow also needs attention without public attention bitcoin is not likely to increase. and in my opinion bitcoin will come to the attention of many people when bitcoin can reach an ATH value of $ 20k.

I see it also as both peoples attention and technology because with people they keep improving the technology that we are using and getting wider the ussge of cryptocurrency.  In fact bitcoin will still valuable because of lot of investor that we have. 

[Oceat]

People's attention along with the technology advancement has made the value. The technology is big and a game changer, by the time if there is none to use then the value it hold is zero. With time the adoption and usage of cryptocurrencies keeps growing which is by the people and the continued updation of technology makes it usable for the long term.

What do you mean by "by the time if there is none to use then the value it hold is zero?"

I don't know what do you mean by that but i suppose you mean if Bitcoin would runs out/empty. I don't think Bitcoin would just go empty with this open market, because if there are traders then it is constant that Bitcoin is just recycling back and forth by the traders. It's impossible to think that everyone would just hold their Bitcoin.

You don't have to worry because it takes over hundred of years before the last Bitcoin is being mined.

[Webetcoins]

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?

Technology before but right now its more on the peoples attention and peoples mindset. Bitcoin is good for transacting faster than the banks but since governments are against this one, we can't enjoy its true potential. Bitcoin will grow more if there's a big support from the government and the investors.

Governments are not supporting this digital currency because of its decentralized nature. They are fearful that making this currency legal would snatch the control of them over the citizens. But still people are enjoying its true potential as the market is growing at a faster rate. I think if governments will allow this currency to be used legally and would remove all restrictions from it, the economies of the countries would become more stable, more people will be attracted toward this currency and this will increase the price of Bitcoin.

[isaac_clarke22]

It's both.
People will invest their fiat money into it regardless if they want to use it for its technology or its value.
It is increasing the demand as it is.
Although I am here for both, but majority of it would be the utilization. On the other side, I still manage to earn some from hodling Bitcoin and I keep the habit of doing so.

[thesmallgod]

It is not the rise of the technology that makes the price of the bitcoin to rise but rather the people's attention about getting to know that a particular so called e-currency price has risen by 500% within few highs. I could remember then that bitcoin started trending on social media because it becomes a subject of discussion by the news media. When I knew bitcoin in 2012, I didn't even know there is anything like blockchain technology. I was just doing my thing and using liberty reserve (LR) but when lr was banned by the United State in 2012/2013, it was then I got to know about bitcoin but it didn't catch my full attention because nobody was accepting it for local currencies in my country then. It was latter that the BTC price hike was windling up that the importance of the technology is being given attention.