Really, why bitcoin has this value?

[24Kt]

All of your questions are legit but only one answer. As we know Bitcoin is totally backed by the community, so the price must depend on the community's demand. When a few big investors enter the Bitcoin community then a FOMO becomes active inside the community. As a result, everyone just concentrates to accumulate more Bitcoin and prices go up this way. Means demand goes up and circulation supply becomes lower since everyone tries to hold during that time. It's just my thoughts, I am not a good tech guy nor an analyzer. The answer might be wrong in your opinion.

I believe there is no concrete answer here but let's just put it simply using the demand and supply concept. As bitcoin is getting popular and seemingly increasing in adoption, that means the demand is increasing, and the supply is not changing as it is fixed. Hence, the price will eventually increase if there is a demand from the market.

And now, another good news in my opinion. Mastercard is allowing their partner banks to offer crypto credit and debit cards. We know what this means, right? More potential crypto users on the horizon and so they may contribute with the demand in the market, and so price increase.

https://www.bloomberg.com/news/articles/2021-10-25/mastercard-to-allow-banks-to-offer-crypto-credit-and-debit-cards

[darewaller]

As bitcoin is getting popular and seemingly increasing in adoption, that means the demand is increasing, and the supply is not changing as it is fixed. Hence, the price will eventually increase if there is a demand from the market.

Being popular alone will not be enough to attain higher value; just think about a situation like bitcoin is having unlimited supply and there is no halving event, what would have happened? Probably bitcoin might be trading under $100 by this time as no one would bother it for investment purposes but might be a popular one to get rid off paypal or any other problematic payment processors.

So, bitcoin has this value all because of limited supply. Halving is acting like a trigger or remainder to investors.

At the same time, we cannot ignore the solutions provided by bitcoin to this world. A privacy oriented regulation free financial freedom is something new that human race never before experienced. So, the current value of bitcoin is just a token of appreciation to it for the solutions it has provided to us.

[Zanab247]

Bitcoin is a decentralized currency that has so much value to stand and eliminate every errors from the economy or transaction delay transaction. Many citizens loss their job during covid-19 virus based on the spreading of the virus that was killing people all over the country. Many used the opportunity to study cryptocurrency in the country, which it has added more value in their financial aspect in the community. Many became bitcoin professional investors in the country which is really helping the government in the areas of unemployment in the country. Bitcoin is now fully legalized in the country based on the value it has added to the life of unemployment in the country.

[ivankoh]

For me that is:
Bitcoin is the best money and the most solid foundation. 

Protect privacy and financial freedom.  Deflation and changing the financial game. 

Creating pressure to reclaim human freedom, supported mainstream decentralization is how bitcoin can be achieved.  Maximalism is built on practical value where demand is what proves bitcoin's value is right.

[lenovop-70]

I think the increase of Bitcoin price nowaday is natural, because everyone needs it as a means of digital investment. Also because of limited supply, people are competing to get it, that's why the price of Bitcoin soars, because of the imbalance between demand and supply itself.
Maybe at some point later the price of Bitcoin will be stable and not move, IMHO, we'll just have to wait.

[justdimin]

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.

Personally, I think everything that has value is because people thinks that it has value. That’s just it, if people don’t think that something has value then it is not going to have any value at all. Bitcoin serves a purpose which is transaction, so that’s why people believes that it is useful for them and therefore it has a value: for it to serve that purpose of transaction it needs to have a value, a price.

At first the value of Bitcoin is said to be determined by supply and demand, and I believe that still plays a role in determining the value this time around, but as time goes on I think there have been some changes as well that applies to that. A search on Google can bring up a lot of articles that we have deep explanation for this I believe.

[shield132]

All of your questions are legit but only one answer. As we know Bitcoin is totally backed by the community, so the price must depend on the community's demand. When a few big investors enter the Bitcoin community then a FOMO becomes active inside the community. As a result, everyone just concentrates to accumulate more Bitcoin and prices go up this way. Means demand goes up and circulation supply becomes lower since everyone tries to hold during that time. It's just my thoughts, I am not a good tech guy nor an analyzer. The answer might be wrong in your opinion.

Bitcoin has fixed supply, right? Yesterday, it's price was 60K and as you say, the supply/demand was on peak. Then, today, it went to 30K and as you say, supply/demand went low. Then, some times later, it's higher than 60K, means supply/demand increased. In another words, bitcoin was great yesterday, bad today and the best tomorrow? I just don't get those people who bought at 30K, sold at 60K and then bought at 40-50K again. But again, bitcoin was doing it's job yesterday, today and tomorrow. I hugely doubt that the number of bitcoin users grow as much as 10x compared to the number of bitcoin users 10 months ago.

I just don't get it when people panic sell and then the price rebounds, can't people learn on past mistakes? And I believe that number of bitcoin users didn't fall by 50% some months ago and it didn't increase 2x some months ago (mean fall and rise period).

[GubiMixa1292]

when it becomes scarce, it will have a high value and I see that BTC is known more and more people, but in terms of supply and supply, there are only 21 million, the number of buyers and sellers is increasing and the number of selling is less. BTC is as valuable as it is today and many current holders don't sell their low value BTCs they hold for a long time. As a result, the value of BTC is increasing day by day.

[Fatunad]

I think the increase of Bitcoin price nowaday is natural, because everyone needs it as a means of digital investment. Also because of limited supply, people are competing to get it, that's why the price of Bitcoin soars, because of the imbalance between demand and supply itself.
Maybe at some point later the price of Bitcoin will be stable and not move, IMHO, we'll just have to wait.

As long it does have demand then increasing probability would really be always there or lets say it would really be have that value because we know that if theres demand then for sure it would really be having its value which it isnt that surprising.Back to the days on where Bitcoin is almost free or cents
in value but the demand and recognition had risen up through the years and look at on how far we've been able to achieve on.
Thats why lots of people who had been recognizing on holding this one because they do saw the potential.

[nur rochid]

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.

Personally, I think everything that has value is because people thinks that it has value. That’s just it, if people don’t think that something has value then it is not going to have any value at all. Bitcoin serves a purpose which is transaction, so that’s why people believes that it is useful for them and therefore it has a value: for it to serve that purpose of transaction it needs to have a value, a price.

At first the value of Bitcoin is said to be determined by supply and demand, and I believe that still plays a role in determining the value this time around, but as time goes on I think there have been some changes as well that applies to that. A search on Google can bring up a lot of articles that we have deep explanation for this I believe.

the trust of people who bring buyers and bidders present to transact bitcoin. The more buyers, the higher the bid price. and when bitcoin continues to be known, transactions occur every second, and they are the ones who shape price fluctuations, so the larger the number of users, the more difficult it is for manipulators to play the price

[molsewid]

Personally, I think everything that has value is because people thinks that it has value. That’s just it, if people don’t think that something has value then it is not going to have any value at all. Bitcoin serves a purpose which is transaction, so that’s why people believes that it is useful for them and therefore it has a value: for it to serve that purpose of transaction it needs to have a value, a price.

At first the value of Bitcoin is said to be determined by supply and demand, and I believe that still plays a role in determining the value this time around, but as time goes on I think there have been some changes as well that applies to that. A search on Google can bring up a lot of articles that we have deep explanation for this I believe.

Actually we are the reason why bitcoin has a value, I mean we the community of bitcoin that believes in it sets a value of this crypto. Bitcoin on a creator's purpose is to make people another way of payment that can be processed via online transactions, alternative payment system but as time goes by people see the true value of bitcoin, the potential to monetize it and exchange to fiat currency and that's why it started here. Now, bitcoin become more valuable and everyone were very optimistic for a good future usage of bitcoin.

[Kadal Ijo]

The value of bitcoin is determined by the community, because the bitcoin community continues to grow and has reached hundreds of millions, bitcoin becomes valuable, this is the current trend and to get maximum profit it is better to follow the trend.

[bitzizzix]

It is undeniable that the price of bitcoin is determined by supply and demand and its popularity is proof that new users continue to grow which makes demand continue to increase which makes bitcoin prices continue to rise and is also very valuable.
and I think bitcoin will be more valuable in the future because everyone is aware that bitcoin prices are easy to predict because they see developments that continue to grow and increase from time to time which will increase bitcoin prices due to demand, and bitcoin volatility can be easily understood from time to time.

[Viscore]

It is undeniable that the price of bitcoin is determined by supply and demand and its popularity is proof that new users continue to grow which makes demand continue to increase which makes bitcoin prices continue to rise and is also very valuable.
and I think bitcoin will be more valuable in the future because everyone is aware that bitcoin prices are easy to predict because they see developments that continue to grow and increase from time to time which will increase bitcoin prices due to demand, and bitcoin volatility can be easily understood from time to time.

Bitcoin has this increasing high value because most of the people are already going into bitcoin investment now compared to fiat since there is more profits awaits in crypto or bitcoin. And as its recognition never stops so its demand keeps growing too which means the higher the demand, the bigger value bitcoin becomes. And not to mention its nature as being highly volatile, so there will be more chances that bitcoin price will vary from time to time. There are times that bitcoin could go up so much and in the next day, it dumps so deep.

[Natalim]

Personally, I think everything that has value is because people thinks that it has value. That’s just it, if people don’t think that something has value then it is not going to have any value at all. Bitcoin serves a purpose which is transaction, so that’s why people believes that it is useful for them and therefore it has a value: for it to serve that purpose of transaction it needs to have a value, a price.

At first the value of Bitcoin is said to be determined by supply and demand, and I believe that still plays a role in determining the value this time around, but as time goes on I think there have been some changes as well that applies to that. A search on Google can bring up a lot of articles that we have deep explanation for this I believe.

Actually we are the reason why bitcoin has a value, I mean we the community of bitcoin that believes in it sets a value of this crypto. Bitcoin on a creator's purpose is to make people another way of payment that can be processed via online transactions, alternative payment system but as time goes by people see the true value of bitcoin, the potential to monetize it and exchange to fiat currency and that's why it started here. Now, bitcoin become more valuable and everyone were very optimistic for a good future usage of bitcoin.

As bitcoin's real utility case continue to expand, its community's demand too rises up more. So this has made bitcoin reach another good value because there are already such big countries and institutions who adopt bitcoin as part of the payment system. And while others have come to use it to buy goods and services, some also focus on bitcoin as a potential investment. With bitcoin having good population as a currency or as an investment, then its not surprising anyway why bitcoin has reached this far and end up with a high value.

[impulse709]

BTC has surprised me with many different ATHs this makes the news about BTC getting better and better and the number of investors who know about it is increasing day by day.BTC is becoming more and more popular. So scarce with a total supply of only 21 million now, the source of demand for buying more than selling has helped make BTC valuable as it is today. and over the years BTC has been in a pretty good position, the FUD news about BTC bubble has been less and more big investors are paying attention to BTC, in the future many analysts will judge I think BTC will reach the threshold of 100k$ by 2022.

[Silberman]

As bitcoin is getting popular and seemingly increasing in adoption, that means the demand is increasing, and the supply is not changing as it is fixed. Hence, the price will eventually increase if there is a demand from the market.

Being popular alone will not be enough to attain higher value; just think about a situation like bitcoin is having unlimited supply and there is no halving event, what would have happened? Probably bitcoin might be trading under $100 by this time as no one would bother it for investment purposes but might be a popular one to get rid off paypal or any other problematic payment processors.

So, bitcoin has this value all because of limited supply. Halving is acting like a trigger or remainder to investors.

At the same time, we cannot ignore the solutions provided by bitcoin to this world. A privacy oriented regulation free financial freedom is something new that human race never before experienced. So, the current value of bitcoin is just a token of appreciation to it for the solutions it has provided to us.

Exactly, while bitcoin could still be valuable if it had an unlimited supply one of the reasons bitcoin is so valuable is its limited supply, this is why satoshi is considered by many to be many people at once as it is difficult to believe that a person could master so many fields during their lifetime, personally I prefer to think that satoshi was that smart and that will make him a genius as the fundamentals of bitcoin are incredibly strong thanks to his knowledge about the economy.

[terrorJR]

I think the increase of Bitcoin price nowaday is natural, because everyone needs it as a means of digital investment. Also because of limited supply, people are competing to get it, that's why the price of Bitcoin soars, because of the imbalance between demand and supply itself.
Maybe at some point later the price of Bitcoin will be stable and not move, IMHO, we'll just have to wait.

on the other hand the increase in adoption is increasing again and again over time.
because it is as you said that we live now in an era of modernization where all use sophisticated technology.
and here bitcoin is one of the breakthroughs that can be considered quite perfect in technology that makes him in demand over time.

[Lubang Bawah]

It is difficult to determine the fixed value of bitcoin, I heard bitcoin in 2012 when the current price was around $110, because the community continues to increase it makes the need and transactions increase so that its value continues to increase, of course the value of bitcoin is very much determined by the community and the good news is that many millionaires in the world are invest bitcoin.

[SmokerFace]

In my opinion, bitcoin has become more trending in the digitalized world. Being a decentralized digital currency and having no central bank reaching a level of 60K from 30K and vice versa totally depends upon the buying and selling trend of users. It's not a big deal why this manoeuvre isn't causing the instability of bitcoin. Yes, we can definitely say that bitcoin isn't speculated and all of these prices are just natural.