Does Bitcoin have any real value?

[add1ct3dd]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Although Bitcoin has no fixed value like Gold but even then I think bitcoin is an asset. Because, Bitcoin is used all over the world. Bitcoin has value and it has demand. It also has supply. So i think Bitcoin is an asset. I am using it as an asset.

It's very interesting, we have some long talks about this, but it's not going to end in near future because most of the peoples never try to study and understand what is this. If someone uses mind then surely first he needed to have all knowledge about this and then post because it's very clearly thing bitcoin is cryptographic electronic currency which is backed by world community, and it's not needed any other back up.

Just like any other fiat currency or metal asset it's also in use and now big community is behind this all adoption is happening around the world because now those understanding are trying to have this in use case.

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[Artemis3]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Do you know what makes something valuable or not? YOU, nothing else.


As the Austrian School of Economy teaches: The value of things is always subjective. You can be about to die in a desert carrying a gold bar, but right there water is more valuable, without your life the gold is worthless.

It doesn't matter how much it cost to produce, or how many hours an artisan worked in a sculpture, for you it may be thrash and for another person treasure.

This is the real fact of the value of things. There is no intrinsic or extrinsic value; its valuable to you or not, period. The consumer has the last word, not the producer. Never forget that.

Guess what?, the amount of people who think its valuable to them, and those who think its not, is reflected in the market. And the price is the result of both forces. If more people think its valuable, price goes up, if more think its not, price goes down, simple.

You can then ask why so many people think its valuable? That's where you have to start studying it, find the truth about money.

Backed in what? That's a promise made by people, promises can be broken. Once upon a time the USD was backed with gold, but that promise has long been broken. Do you trust people to keep their promises? With Bitcoin, there is no one to trust, the code runs as it was written and won't change because a politician or banker chooses to.

Keep studying and discover why its so valuable to so many people, regardless of what some FUDsters say, Bitcoin goes on.

[Yamifoud]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Although Bitcoin has no fixed value like Gold but even then I think bitcoin is an asset. Because, Bitcoin is used all over the world. Bitcoin has value and it has demand. It also has supply. So i think Bitcoin is an asset. I am using it as an asset.

It's very interesting, we have some long talks about this, but it's not going to end in near future because most of the peoples never try to study and understand what is this. If someone uses mind then surely first he needed to have all knowledge about this and then post because it's very clearly thing bitcoin is cryptographic electronic currency which is backed by world community, and it's not needed any other back up.

Well, I can't blame them for why they ask as they wanted to have the knowledge and to clear their doubts as well but this can't just eliminate until trust has been gained. That for sure OP wanted to know why Bitcoin as a digital currency gains such impressing price improvement unlike real asset (gold).

Just like any other fiat currency or metal asset it's also in use and now big community is behind this all adoption is happening around the world because now those understanding are trying to have this in use case.

The use of Bitcoin is just optional, the majority are still not convinced to use this as it was because establishments are not yet accepting this as a form of payment. That makes them wonder why it goes like that since the application wasn't so high as they see. Yes, they couldn't until such time that they will try.

[kawetsriyanto]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency.

Bitcoin doesn't need to be backed by Fiat or Gold, we all know that it is trustable.
Bitcoin is decentralized, who will back Bitcoin with Fiat or Gold? On the other hand, bitcoin is like Gold, is Gold backed by Fiat? I think no company in the world that backs all Gold with Fiat. By the way, if you are not really sure to invest in Bitcoin because no backed Fiat or Gold, you can choose other crypto coins.

[tippytoes]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency.

Bitcoin doesn't need to be backed by Fiat or Gold, we all know that it is trustable.
Bitcoin is decentralized, who will back Bitcoin with Fiat or Gold? On the other hand, bitcoin is like Gold, is Gold backed by Fiat? I think no company in the world that backs all Gold with Fiat. By the way, if you are not really sure to invest in Bitcoin because no backed Fiat or Gold, you can choose other crypto coins.

Bitcoin is not backed by anything but its price in the marked is owed to supply and demand. And right now, there are many contributing factors why bitcoin continuously to be valuable in the market. The entities, countries, organizations and individuals that are involved in this market make it strong to sustain its market value. As day goes by, the foundation of bitcoin is getting stronger because of the stakeholders that are already into this market. So you don't need gold or fiat to back this but all the entities that are strongly supporting this new currency.

[kotajikikox]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Since bitcoin was created to act as an alternative to fiat I guess that's the reason it was not pegged to fiat or has any physical value,  btc is to stand alone as an alternative currency, a true decentralise currency for everyone, besides, btc is traded with usdt pairs for your convenience, if you intend to invest, now is the time before who knows we may see another bull run soon.

question like what OP delivered is a noob question but with intimate plans, he is considering both side, investing in bitcoin and investing in altcoin.
all he need to learn is the safety and the outcome of His funds for short or long term investing.
and also he ahs not showing interest in daytrading .
for OP, Best to Invest in Bitcoin but avoid day trading for your own safeties .

[lienfaye]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Bitcoin is not backed by fiat, gold or any institution but what makes it valuable is the people who believe in bitcoin right from the start that it was created. It started from scratch but managed to prove its worth to be tagged as digital gold of this generation.

On other side you're the only one who can decide if investing on bitcoin would be worth it because this depend on your belief and knowledge about bitcoin.

I suggest for newbies to DYOR it can help you to decide on what decision to commit.

[Wawa2013]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency.

Bitcoin doesn't need to be backed by Fiat or Gold, we all know that it is trustable.
Bitcoin is decentralized, who will back Bitcoin with Fiat or Gold? On the other hand, bitcoin is like Gold, is Gold backed by Fiat? I think no company in the world that backs all Gold with Fiat. By the way, if you are not really sure to invest in Bitcoin because no backed Fiat or Gold, you can choose other crypto coins.

Bitcoin is not backed by anything but its price in the marked is owed to supply and demand. And right now, there are many contributing factors why bitcoin continuously to be valuable in the market. The entities, countries, organizations and individuals that are involved in this market make it strong to sustain its market value. As day goes by, the foundation of bitcoin is getting stronger because of the stakeholders that are already into this market. So you don't need gold or fiat to back this but all the entities that are strongly supporting this new currency.

Bitcoin price movements are based on supply and demand, why does Bitcoin get the trust of many people when Bitcoin is not backed by anything.
That's because Bitcoin is decentralized and open-source, this allows anyone to access the source code and see all Bitcoin transactions transparently.
And also all transactions do not require a third party, then the network is secure because it is protected by cryptographic algorithms. What makes
people more interested in Bitcoin is that Bitcoin has proven to be a source of income. Finally every year the popularity of Bitcoin increases and
makes Bitcoin more valuable.

[sirminesalot]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

It's no longer the era where physical assets is more valueable, the world has changed, everything is online and less physical interaction between people.
So i think gold is no longer as valuable as right now in the future, digital assets is starting to create a new era which people are much in demand with bitcoin and other cryptocurrency.
The real value of bitcoin is as the priec right now. When supply is limited and the demand keep increasing, the value of bitcoin is increasing also everytime.

[AicecreaME]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Before asking here in the forum, I hope you have done your part in researching the advantages and disadvantages bitcoin has to offer. I'm guessing you have the resources to do your own research because you managed to post here, meaning you have the gadget and internet connection to look upon facts about bitcoin as well as its history to make yourself educated. You can browse the Internet. Check several news, articles, and pages that contain terminologies, basics, and fundamentals of bitcoin. You can also watch video tutorials on Youtube for you to grasp the ideas, concepts, and techniques in a better manner. It's really our responsibility to equip ourselves with the knowledge that we needed before entering something most especially if it is high risk. I still appreciate you reaching out here, but don't let the other's advice be your decision-maker. Countercheck it too and do your part as a potential investor.

Based on my insights, bitcoin despite being not backed up by any physical asset such as gold or fiat isn't really a problem because the value of something is based on the people who are believing and patronizing it, as well as based on its uses. Bitcoin is just like gold and fiat that have their own purposes and serves certain people. It has a system and is used in various manners. The market demand makes and maintains the value of bitcoin because they have seen its potential, hence decided to patronize it which has a chain reaction of moving the coin's position whether in an upward trend or downward trend, depending on the season. You can check the white paper of bitcoin over the Internet. From there, you can start to ponder whether if it's worth the risk or not depending still on your risk appetite. Best of luck. Hope you'll find the answers to the questions you're thinking of.

[Amejoaquim]

Most of the current value of bitcoin is speculative. That is, some people think it will be valuable in the future, so they want to buy it now for when that time comes. Another value of bitcoin in my opinion is scarcity and demand. People want it because of the perceived value of it. The supply of bitcoin is limited: only 6.25 btc are added to circulation every 10 minutes (approximately).

[rodskee]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

i come across your post history and find this post of yours

As long as the block chain and the data mining technologies grow, these cryptos will never cease to stop. Sure bitcoins have given a way to the production of various altcoins and aircoins and more people are paying their attention towards them. Have to wait to see how this goes.

meaning you are not hesitant addressing bitcoin as cannot be stopped and also the mining technology will grow more.

so why asking this now? isn't it contradicting ? that you seems to be consulting us about your investment but you are trusting bitcoin from a far?

[iTradeChips]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

This issue is as old as hills. I used to think that Bitcoin is just a toy or a Ponzi scheme. But now I am getting crypto and economic education at the university, and I have completely changed my opinion. First of all, I want to ask you if Gold is backed by anything, or why do many people think that it is one of the best investment? What is more, as Bitcoin is adopted by many companies and even whole countries, it become supported by their ecnomics.

True, this has been always been discussed in Cryptocurrency circles. Bitcoin is not taken seriously before in its infancy. But look at what happened to Bitcoin and to the people that supported the cryptocurrency. Many newbies before because convinced in the long run that Bitcoin is the real deal, that it is not a scam. It has been adopted by countries, accepted if not legalized, and even though some issues did occur, it stayed resilient and more and more people are attracted by it.

[molsewid]

It's no longer the era where physical assets is more valueable, the world has changed, everything is online and less physical interaction between people.
So i think gold is no longer as valuable as right now in the future, digital assets is starting to create a new era which people are much in demand with bitcoin and other cryptocurrency.
The real value of bitcoin is as the priec right now. When supply is limited and the demand keep increasing, the value of bitcoin is increasing also everytime.

Looking at the current market price of bitcoin I could probably say that this digital asset is much more high value than fiat so I didn't questioned why bitcoin isn't backed up with any real value assets because the people that supports bitcoin are the real value of these digital assets. Today the process of transactions has changed from physical contact to a long distance transactions which the fiat's are needed to be send into digital wallets to be able to send it electronically and many has prefer to keep their assets in digital than keeping it in real.

[witcher_sense]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Even if it had been backed by gold or another physical commodity, you wouldn't be keen to invest in it because bitcoin, in such a case, would have had no potential for increasing in value. What would have been a point in investing in another gold derivative if there is already a bunch of them? Nah, bitcoin doesn't have to be backed by a shiny yellow rock. By the way, speaking of "real value", what things do you think do have real value? In my view, only entities without which humans can't live or survive in principle could be considered being of real value, or of vital importance. For example, oxygen has real value, water has real value, food has real value, etc. If there is an absence of them, then humans wouldn't even talk about real values because they would be dead already. Does money like bitcoin can have real value? I think yes, in some cases, because bitcoin allows people to get access to things of real value without additional permission.

[agg2702]

when you say like that then what is the difference between gold and fiat.
Fiat is also not backed by physical assets like bitcoin, besides gold is not backed by anything else and it's the same as bitcoin.
and when talking about your title asking that "does bitcoin have any real value?" I think that can be answered at the current price. $50k right now doesn't that have value? I think you need to understand that.

[Wildwest]

Actually bitcoin does not have real and false value is almost the same as gold but with the development of prices that are increasing every year then everyone wants to invest in it, so in the crypto world we have to learn first some things that are very important to believe in themselves without coercion from others for certain reasons, And those of us who have been in the crypto world for a long time all the negative things spread on social media no longer care because we are sure that bitcoin can indeed be relied on for the future, so you must learn first before you invest.

[NelfiNovita]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

you should look for more information about bitcoin so you don't hesitate to have bitcoin. at this time the price of bitcoin has reached $ 54,718 you can check it here: https://coinmarketcap.com/currencies/bitcoin/
now there are many people who invest in bitcoin and there are also those who trade for profit from bitcoin.
you should try to invest and trade in Bitcoin because the profits you will get are bigger and more certain than other cryptocurrencies. In general, cryptocurrencies always follow the direction of the bitcoin price, if the price of bitcoin goes up, other cryptocurrencies will also experience an increase in price and vice versa.

[markdario112616]

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

It's not backed as you said, but have you seen its value? Since we are talking about investments or trading, Cryptocurrencies may not have an actual or physical form and yet they come along with their own value, much better it is quite higher than the usual stocks.

In reality, all of them plays within the market just different industry. Both industries are volatile, but we can say that the Crypto industry is much riskier than usual since the market itself is pretty much unstable. But the return is much higher than the usual stocks, so Higher risk - Higher return.

Well I guess OP, is still in the denial stage wherein he/she can accept the fact that Bitcoin and Crypto industry itself is valuable despite the lack of physical asset like what have said.

[Mamun74]

I Think bitcoin is a digital currency. Gold is an old asset but bitcoin is modern thing.Bitcoin is most valuable coin in crypto market. 2009 Bitcoin was satoshi but nowadays bitcoin price around $54k+.Bitcoin is not backed by fiat but i think bitcoin is trustable coin.I Think bitcoin will be more development in future.