Does Bitcoin have any real value?

[Zanab247]

btc is valuable & doesn’t need to backed by any physical assest. Its enough for itself. people set its value depending on how it is. It has ups and down but has real use too, companies investment making it more valuable. Even so many countries recognised it as valuable. More and more people keep involving, even  it was reached $66k ATH, what else you want? Now its your choice how you want to use your fund

Bitcoin is a decentralized currency that is not control or manage by the government  before users can earn something good  from it. It pump and dump to help the users to know when to buy bitcoin and when to sell bitcoin to make a passive income at the moment. Bitcoin has helped many people to eliminate poverty from their investment by purchasing bitcoin when the price is low and hold until the price increase higher before you can sell to make a potential income.

[numberslacey]

Since Bitcoin does not have any intrinsic value, its value is necessarily intersubjective, depending on how much each trader expects the rest of the market to behave.

Even fiat doesn’t have any intrinsic value. It’s value is set by the government which is clearly not very open to crypto.This is why there’s always a doubt when it comes to cryptocurrencies.

What happens is that the value of BTC to which you refer is very difficult to calculate its intrinsic value, the price is given by mere market speculation, but its value has to be like a kind of appraisal of surplus value, which, always It is very difficult to calculate, however, giving a value right now would be very irresponsible for me because I would not know what I would take, so seeing it from the point of view of value is one thing and price is another, but believe me that if you have an intrinsic value is very large.

It's not ours to evaluate, but for those who's willing to take the risk, I mean or I'm speaking behind the people who would like to invest in this asset; the value is unpredictable and there is always sway that affects the momentum and also mostly affects the investors and traders point of views.

You, as holders or investors, do need to seek for better reason on why you should take this as an asset.

I am also looking for one such reason but I think most of the people are only investing because they don’t want to miss the train.

[numberslacey]

btc is valuable & doesn’t need to backed by any physical assest. Its enough for itself. people set its value depending on how it is. It has ups and down but has real use too, companies investment making it more valuable. Even so many countries recognised it as valuable. More and more people keep involving, even  it was reached $66k ATH, what else you want? Now its your choice how you want to use your fund

Being a trader I definitely do not like missing out on an opportunity, jk. There’s no denying that bitcoin has a great profit potential, but I am not sure if it’s safe to keep it for a long span.

[numberslacey]

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?

One thing that made Gold and fiat currency have real value is that Gold and fiat currency is a believe system that works, so when you compare this two things with Bitcoin , tell me why will Bitcoin not have real value even when it's even more transparent than fiat currency today in the sense that we know how many number of Bitcoin that will be in circulation while for that of fiat they keep printing almost that's printed almost everytime .
you have to understand is that Bitcoin has already exhibited some characteristics of Gold and fiat currency and even more qualities , so when an asset Such as Bitcoin has shown such qualities Such as
a)security,
b)store of value, 
c)inflation hedge that made Gold and fiat currencies become valuable today , So why won't bitcoin also have a real value?.
So in my view this is why I will say that Bitcoin has real value and worth investing in.

Do you think this ‘bitcoin as an inflation hedge’ theory is fairing well since the price of bitcoin fluctuates a lot?

[suryana]

long-term bitcoin investment attracts many choices to continue in the crypto world even though the value of bitcoin sometimes changes but the value of bitcoin will remain stable even though it is in the form of digital currency like we store something in a bank with nominal numbers that can also resemble a investing in the crypto world, the current value of bitcoin cannot be separated from cryptocurrencies that are starting to be accepted by various groups so as to make the digital currency stable again.

[Ebede]

btc is valuable & doesn’t need to backed by any physical assest. Its enough for itself. people set its value depending on how it is. It has ups and down but has real use too, companies investment making it more valuable. Even so many countries recognised it as valuable. More and more people keep involving, even  it was reached $66k ATH, what else you want? Now its your choice how you want to use your fund

Being a trader I definitely do not like missing out on an opportunity, jk. There’s no denying that bitcoin has a great profit potential, but I am not sure if it’s safe to keep it for a long span.

If you don't keep Bitcoin which of the coins are keepable and can also be invest for long time with trust, Bitcoin is only coin you will build your trust on, because of it potential, since the introduction of cryptocurrency Bitcoin is the most reliable coin you can rest after investment for long time

[kamilah147]

Before you start investing in bitcoin, have you studied the conditions and how the bitcoin system works. If you already know it, of course you are no longer confused about how bitcoin actually is. I will give my understanding of bitcoin as far as I know. I learned bitcoin is digital money, meaning there is no tangible form like gold or other. Bitcoin has real value in terms of your assets. Bitcoin will be a visible object when you cash out. You use the money to buy your necessities.

[nurilham]

Bitcoin is fully decentralized and has many other advantages and this is what makes Bitcoin valuable and invested by many people. Here we know that Bitcoin is good for investment but it also depends on how to manage it. if you are not too sure and understand Bitcoin, it's better not to invest first. invest in bitcoin when you already have sufficient knowledge and understand Bitcoin. that's because not everyone can accept Bitcoin, therefore it is necessary to be aware of each if you want to invest in it so that we are also serious and careful in managing it.

[razeiv]

I had that thought years ago, like in 2017 and I was like, why I didn't know it years ago haha! This will be repeated again and again, despite the BTC is not backed up by gold or any fiat. This is insane but this is called crypto, I guess.

[goldkingcoiner]

I think that the very meaning of "value" is and ways has been nothing more than a single word without a real physical meaning. Value is an abstract feeling. A feeling of desire. Biologically, our desires are wired into us and always come down to necessary human requirements like food, love, safety and so on. So value is whatever we feel like it is. However if you are talking about monetary value, electricity, miners, internet and rent is not free. So making Bitcoin costs money.

Those Bitcoin mining costs are the non speculative, translated value.

[numberslacey]

are we really still having this conversation? lol bro.. its not 2015 anymore - the world has valued it at 40k for a reason.

This reminds me of Warren Buffet’s quote, price is what you pay, value is what you get. I don’t really think that the price of a particular asset necessarily reflects its value.

[numberslacey]

Bitcoin is valuable no doubt as it has helped a lot of people in various ways. Sending funds to loved ones  and it's purchasing power is top notch almost everywhere in the world.
Having no physical form brings a question to its value cause no one could physically see it to assess and put a value to it.
Countries accepting bitcoin as legal avenues to do transactions seems to think highly of its value.

I think, more than not being a physical asset, the problem with bitcoin is that it’s highly volatile. No one can clearly say how much a bitcoin will be worth aftex X years and that makes me doubt whether it will be safe to have high expectations from it in the long term. Though, it is great for traders.

[numberslacey]

I think that the very meaning of "value" is and ways has been nothing more than a single word without a real physical meaning. Value is an abstract feeling. A feeling of desire. Biologically, our desires are wired into us and always come down to necessary human requirements like food, love, safety and so on. So value is whatever we feel like it is. However if you are talking about monetary value, electricity, miners, internet and rent is not free. So making Bitcoin costs money.

Those Bitcoin mining costs are the non speculative, translated value.

You are saying that we give value to the things that we require for living? ‘Cuz the examples you cited are important for survival.

[bispendrabrsoftech]

The price of bitcoin has been on a wild ride since its inception. According to industry site CoinDesk, 2017 alone saw massive gains, starting the year below $1,000 and at its peak, breaking $19,000. Then we saw a deep decline in 2018 and a stabilization in 2019. What it is worth and why a significant market still invests heavily in it is a question that unbelievers often ponder. This piece attempts to address this question and help us understand the value behind bitcoin or any cryptocurrency. We are looking at a time where payment methods are changing in a very short time.

What is an intrinsic value?


The intrinsic value of a commodity is the value that a product possesses. It does not require any additional sources to provide value. Eg: Sweetness is an intrinsic value of sugar. Every item earns its value if there is a price that people will pay to obtain it. Today, we accept any fiat currency in exchange for goods or services because we understand that fiat currency can be re-traded to receive other goods or services, in return.

What is a fiat currency?


Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government. It is important to understand here that this demand and supply is determined by the participants of the network who are using a fiat currency. For example, within a network, I trade a $100 note for a mobile phone, I'm essentially exchanging $100 worth for the phone. The store-keeper takes a $100 note and buys his food with it or invests it to create more value. Fiat currency or money establishes an exchange of value with the help of government backing

Here's the value!

Similar to fiat currency, bitcoin (or most cryptocurrencies) is also not backed by any gold or silver, so it has no intrinsic value. The value of any currency comes from the support of the state and people's trust in the government. Therefore, for any money to be established as an exchange of value within a network, it is important for the network to trust who (or what) is backing it.

Visit:-  blockchain software development company

[zaesvlas]

I think that the very meaning of "value" is and ways has been nothing more than a single word without a real physical meaning. Value is an abstract feeling. A feeling of desire. Biologically, our desires are wired into us and always come down to necessary human requirements like food, love, safety and so on. So value is whatever we feel like it is. However if you are talking about monetary value, electricity, miners, internet and rent is not free. So making Bitcoin costs money.

Those Bitcoin mining costs are the non speculative, translated value.

You are saying that we give value to the things that we require for living? ‘Cuz the examples you cited are important for survival.

But in that case, things would cost about the same, right? If things have the same functionality, why should they cost differently?

[BlackHatCoiner]

Those Bitcoin mining costs are the non speculative, translated value.

No, the costs are the costs. The value comes from the fact that there's a demand. If there's no demand for gold, it doesn't matter how much it costs you to extract it from the ground: It's simply valueless.

However, in Bitcoin there's something different. The costs are somewhat connected with the valuation, because of the difficulty, which is a parameter that does not exist in any other asset. If the demand rises by a lot, it brings more competition into mining which makes it, in consequence, more expensive to mine 1 BTC. Oppositely if the demand drops by a lot.

The canon is the canon, though. If there's no demand, there's no market value, despite of the costs.

[goldkingcoiner]

Those Bitcoin mining costs are the non speculative, translated value.

No, the costs are the costs. The value comes from the fact that there's a demand. If there's no demand for gold, it doesn't matter how much it costs you to extract it from the ground: It's simply valueless.

However, in Bitcoin there's something different. The costs are somewhat connected with the valuation, because of the difficulty, which is a parameter that does not exist in any other asset. If the demand rises by a lot, it brings more competition into mining which makes it, in consequence, more expensive to mine 1 BTC. Oppositely if the demand drops by a lot.

The canon is the canon, though. If there's no demand, there's no market value, despite of the costs.

You are confusing value with demand. Obviously depending on the situation, bread might be more valuable than 100 Bitcoin or 100 kg of Gold. But thats an apocalyptic scenario which most likely will not come true anytime soon. Hopefully.

But my point stands. Anything can drop or rise in value but there will always be inherent value in work and time. The work in this case being electricity, equipment and so on and the time being the amount of time you spend mining to create a single Bitcoin.

But then again your logic would also work for anything, given the circumstance. If aliens enslave all humankind and put in a system where money is based on some arbitrary resource, that resource will gain a speculative value due to its demand. Or if we discover gold cures cancer, price of gold goes up.

But the minimum value is not raised by demand. Its raised in the minimum effort put into it.

[BlackHatCoiner]

But the minimum value is not raised by demand. Its raised in the minimum effort put into it.

Sure, cost does affect the market value. All I'm saying is that the value of a product comes from the fact that it satisfies one's needs. The production of it does have a cost which is added in the price, but that's true until there's one who's willing to buy it. If nobody wants gold, no matter how expensive it is to mine it, the valuation won't be greater or equal with the cost.

Take oil barrels as an example. In 20th of April 2020, crude oil prices went negative. The cost was much greater than the market valuation, because the demand suddenly dropped.

[zhpool]

It has value largely because a lot of people think it has value. Like other commodities, currencies and tradable stuff, if people are willing to pay for it, then it has value. If people are willing to accept it as payment, then it can be used to transfer value. If people are willing to buy and keep it, then it can be used as a store of value.

[goldkingcoiner]

But the minimum value is not raised by demand. Its raised in the minimum effort put into it.

Sure, cost does affect the market value. All I'm saying is that the value of a product comes from the fact that it satisfies one's needs. The production of it does have a cost which is added in the price, but that's true until there's one who's willing to buy it. If nobody wants gold, no matter how expensive it is to mine it, the valuation won't be greater or equal with the cost.

Take oil barrels as an example. In 20th of April 2020, crude oil prices went negative. The cost was much greater than the market valuation, because the demand suddenly dropped.

Again, you are factoring in human failure as true value instead of admitting that speculative value can create short term price fluctuations.
Instances of negative pricing were always very temporary, and the markets quickly corrected.

If I, for example, trick you into buying fake magic beans, I am pretty sure I could get thousands, if not millions from you, depending on how desperately you believe you need the beans. Once you realize they are normal beans, their value would change very quickly, in your eyes. But thats all subjective from your perspective.

Now, if I were to sell you something you cannot live without, like water, the base value constants become the supply and demand and the work I need to do in order to get to that water, get it out of the well, bottle it up and deliver it. This becomes a minimum in price.

There is a work limit at which that all the work I have to do to get the water to my customer is not worth it anymore.