Really, why bitcoin has this value?

[Vatimins]

     Well, it is what it is. No matter how much we are against the idea of bitcoin being used and seen as it is by the majority nowadays, there's too little to nothing we can do about it. Because something that people are used to is very difficult or even impossible to change. Also, if we think about the returns people are getting and are witnessing only sparks more greed. Let's face it, bitcoin is several times better than any other chiuces out there as a store of value and with the increasing inflation all over the world, there's just mo stopping the small and the huge holders.

[Similificator]

Because people find it useful and profitable. Humans are known to exploit just about anything regardless of the consequences or whatever negative outcome may result from their actions. That is, unless they are the ones at the recieving end. Not saying that everyone is like so, but just emphasizing how almost everyone is like this. Just look around you, all the things that people do and ignore that bleeds this world and almost anything within it dry. And for what? Greed. So unless greed is controlled, expect no change how things are going. Bitcoin isn't exempted.

[paxmao]

...

A case could be made for bitcoin currently being the #1 inflation protected asset, in the world.

Gold as an inflation protected asset, is more of a boomer trend. Gold can't be exchanged for other assets as conveniently or easily as cryptocurrencies. Gold can't be stored, transported or secured as easily as crypto. BTC may have displaced precious metals as the reigning king of inflation protection.

In this era of inflation concern. Bitcoin's rising value could represent financial institutions, hedge funds, banks and whales around the world voting with their wallets that bitcoin is the best place to store wealth to protect it from rising inflation. It might require that high institutional volume and liquidity to offset bitcoin's historical 4 year boom and bust cycles.

I would not say #1 and let me explain. On any asset you have to take into account the price relative to fiat and other things as well. One of these is the volatility. Bitcoin is extremely volatile up to the point of doubling in a week and the like. Some investors would argue that inflation is rarely 100% in a week, so bitcoin as a protection may not be effective in short periods of time and may not be the best for everyone.

[Mauser]

At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

What do you mean with "perform very well"? That many people are using bitcoins and there is an active market for them, or that the there is a lot of upside trading potential? There is no fixed value for bitcoins, it is not an asset that will reach it's true intrinsic value and is not going to rise or fall anymore. So saying bitcoins should stay at 6k or 30k seems wrong to me. All currencies tend to move in price if they are traded freely. I think that the value from bitcoins comes from its scarcity, we know that there is no unlimited amount of bitcoins out there. We are going to get less and less new bitcoins which makes the old bitcoins more valuable. That is why there is a long term upwards trend for bitcoins. To be honest we could ask the same questions about gold, why is gold so expensive right now? The price doesn't seem natural, but as long as people have a lot of free money they can pay what they want for the things they like. The same goes for bitcoins. Also we shouldn't forget that analysts said a bitcoin price above 100,000 USD is possible for 2022.

[amishmanish]

All currencies tend to move in price if they are traded freely.

Currencies don't really change in value by themselves. They change with respect to each other. When everybody wanted USD to carry on the world trade, USD held value AND power. Still does and this is something that the Chinese want to change.

Bitcoin too is a currency but it doesn't belong to any government or country. It belongs to everyone. When everyone wants to use it to trade, speculate, transact or use as a form of collateral for lending/ borrowing, it ends up becoming valuable. OPs question is something that the Bitcoin community should continue to ask itself as well as contribute to.

Apart from the people who actually believe in Bitcoin's value, this is often a rhetoric question asked by the corporate/ PoS coins community who just assume that their "smart-contract platform" should have value because it "does something". They pull their hair out because whenever Bitcoin rises, most of these platforms initially go down in value. Thats a wrong comparison and it is advisable not to fall for it.

[doomloop]

If bitcoin could perform very well at 6K some months ago, why it become 60K after some months?

If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now?

Honestly I could not get your point.
When bitcoin was trading around $6k and $30k, what makes you to assume that it was performing well?

Basically you need to remember the limited supply of bitcoin and its increasing demand. If you assume that bitcoin is staying at some price levels for some time then it is not only doing well but it keeps attracting new investors and adapters then you need to remember it may get bumped at any time due to its limited supply.

I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

Not all the times, bitcoin is getting its natural price value but it also gets into bubble and then it will burst to make it a naturally valued.

[BlackHatCoiner]

At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.

Its original idea isn't going to ever happen unless the whole world adopts it. That's our bet. That's why you should hold it; because, based on the current adoption rate and the scenario where the whole world uses it as a global reserve currency, its market cap is going to blow up.

I just don't get it when people say that bitcoin isn't speculated

Who says such thing?  

[jaberwock]

At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

I understand your confusion, it is usually hard to understand and a lot of people do question the price at times. Just take it that it relies on supply and demand. Exchanges are the ones who are setting the price of bitcoin, and this is usually determined by how much traders are ready to buy and sell the cryptocurrency, and it relies on the rate of supply in the market and the rate of demand which is the norm for everything; when there is a high demand and the supply can’t match, then you will see the price of that asset increasing in price to be able to match the level of demand.

Lastly, there are people who don’t like how volatile the market can be, and that has stopped them from making use of it. But that shouldn’t stop you, as long as you know what to do and have studied the market, this will even favor you.

[The Sceptical Chymist]

Come to think that bitcoin was never intended to have some value on  the first place but rather it is sole create on having that p2p transaction in between users

Um....P2P transactions of what, exactly, if it isn't money?  The two books I've read on bitcoin and its creation make it clear that bitcoin was intended to be a form of money, and money has to have some purchasing power.  Therefore, if a brand new, groundbreaking form of money is created, it basically has to have its value (purchasing power) expressed in terms of what goods and services are priced in--and that's fiat currency, of course.  Long story short, bitcoin has always had a fiat price attached to it and that was inevitable.

OP, bitcoin is traded on exchanges and the driving forces of its price are supply and demand, it's that simple.  That's why we see these crazy price fluctuations, and it's why there's rampant speculation (especially at times like these, when the price has gone up a lot).

And let me ask you a question: If you were an average Joe on the street, working a 9-5 job and collecting a paycheck, do you think you'd have any interest whatsoever in bitcoin if its price remained stable?  That's a rhetorical question, and I think most of us know the answer.  Yes, bitcoin can function as a currency, but the vast majority of people are happy with using their debit cards, smartphones, or cash to pay for things, and they're not demanding an alternative to fiat currency.

[batang_bitcoin]

Bitcoin itself is speculative and whoever says that it's not speculated then he probably never invested to bitcoin or still confused about the volatility it has. No one claims that bitcoin isn't speculative.
It's actually a fact that bitcoin is a speculative market and we're all living to speculations day after day. Its worth and value is based on the demand and as well as the news that surrounds it which is giving impact to its price.

[lixer]

If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now?

The price is not only about how it's performing. The price grows because of bitcoin scarcity and demand. As long as people/companies/countries will buy bitcoin as investment, the price is bound to rise. Also as long as mining is a commercial business and since the mining difficulty is rising, it's more expensive to obtain bitcoin than weeks/months ago, hence the miners will sell more expensive too.

But you do have a point, however: a speculation "component" of the price is (always) there. So I would not be surprised if the price will fall at some point under the current levels.

Don't worry, you do not have to explain the value of bitcoin for too long. Eventually people will realize it has value because we gave it value and it is valuable because we said so and that is exactly how every single thing has a value. It is supply and demand, why does my chair has value? Why did the guy who made it charged me 50 bucks for it? Because I was willing to pay for it, and if not me then someone else would, and if nobody did, then he would be bankrupted, it is as simple as a chair.

You could do it with diamonds, it literally has ZERO value, compressed coal, nothing else, and we ended up with basically nothing at all, it is actually that simple. All in all, people who do not get the value of bitcoin right now, will get it in the future, we did, and we are not some super smart genius level people neither, at least I am not, so everyone else will as well.

[Jaycee99]

At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

From my point of view, there are 2 people its speculated if you know the deep side and if you have a piece of really deep knowledge in marketing and finance from stock and all people can apply that in bitcoin yes someone may say bitcoin in stock are different but for me it a bit of the same both are investments and a gamble. It's still different as bitcoin become a thing in the 20th century-plus stock are way before the 2000s.

For me there is a 30% chance, it can be speculated if you are up to date on news and again know everything in stocks applying the knowledge can really help you speculate the value in bitcoin. knowing stocks before bitcoin can really be an advantage.

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source: https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp
Maybe people say it's natural because it's really natural if you look at the past value of bitcoin there is kinda the algorithm but likely the difference is that bitcoin become in demand.
 

[Semar Mesem]

The basis of all worthless goods, then comes a community that values ​​the goods, just like bitcoin the initial value of course is zero, but as the community grows and the adoption of bitcoin to various types of services and transactions makes bitcoin continue to be valuable, this is what makes the concept of decentralization very suitable for today.

[Dread Pirate Roberts]

Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

I also do not agree if there are people who say bitcoin is not speculative. because bitcoin has always been a speculative asset. do not know for sure to make the price as it is today . it could just go back to 30k or even jump 120k . because this is a speculative asset. and so far the ones who always profit are bitcoin holders and believers.

[yhiaali3]

It is natural that the demand for valuables increases, and this will necessarily lead to a rise in their price, the more people know the value of valuables, the demand will also increase, and this will lead to a rise in the price every time. Bitcoin was originally invented as a means of transferring money from peer to peer and was not invented for speculation but When people began to realize its great importance and value, the demand for it began to increase, and this led to a significant increase in its price.
This can also be likened to gold. Whenever there are major economic problems in any country and the local currency collapses, people tend to buy gold, and this leads to an increase in demand for it and a rise in its price.

[AicecreaME]

At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

Bitcoin is a speculative asset which makes it a good investment because of its given nature. However, we must remember also remember that there are external factors that determine its movement such as market demand and the movement of the whales in the market. The trend of Bitcoin's price depends on the two aforementioned factors and at the same time, the current season: bearish or bullish. The news about its legality in developed countries play a major role too in the price change.

You see, bitcoin has been able to withstand the test of time and it paved way to give more people another source of income before up until today. Bitcoin rose even more the moment the pandemic hit since digital transactions gradually creeped into our normal routines due to safety precautions. In addition, people looked at it beyond what it is. People took the opportunity to invest and see their money grow over time because they see its volatily as an advantage and something worth risking for.

[Hippocrypto]

At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

Currencies have value because they can function as a store of value and a unit of exchange. Bitcoin demonstrates some attributes for a currency, but its main source of value lies in its restricted supply and increasing demand. The reason why bitcoin has value is because it is a very good currency for investment. Currencies have value like bitcoin because of the people who are still using it. Bitcoin is a currency but it does not belong to any government or country but, honestly speaking, it belongs to everyone. When everyone wants to use it to trade, speculate, transact or use as a form of collateral for lending/ borrowing, it ends up becoming valuable. Bitcoin became valuable because of the people believes in it, trust this and still using this. In short, Bitcoin has value because people think it does. They believe that it would be similar to gold in the future.

[TheNineClub]

Honestly, that question could be asked for almost everything. Why do prices of real estate, guitars, consumer electronics, art etc. ballon, drop, rise and fall, and so on. There is much more to economics than just the superficial reasons, supply and demand, social movements, new concepts, and prospects for the future. All of that moves the needle, and is sometimes more volatile than others.

[el kaka22]

In the year 2021, after probably 10 thousand years of humanity, probably more but at least thats what we can go back to, how can people still not understand supply and demand? I mean even 5 thousand years ago, we had supply and demand mechanisms, you give me 20-25 chickens, I give you one cow? Sure numbers could be different, but we are talking about something that DID happen probably 5000 years ago.

And today, people still do not understand how something has a value. It is simple as that, supply and demand, there is a limited amount of bitcoin available in the market, and you get to buy them from the people who are willing to sell, most of the bitcoins in the world are stored in wallets, so only a smaller portion is left to trade, people want to buy it, they just want it, there is a demand, and that makes it valuable and go up in price. How hard is it to understand this?

[Leviathan.007]

The bitcoin price doesn't just show the price you will need to pay to buy the bitcoins it will also indicate the interest of people to this market like time after time you will see more people getting into this market and the price goes up in return, not just regarding bitcoin but the price of anything cames from supply and demand and regardless of limited supply since we can see bitcoin world spreading in all over the over it's normal to see such prices for each bitcoin.