Really, why bitcoin has this value?

[iv4n]

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.

Every price is determined by supply and demand! Growing popularity means that demand is rising, and as long the popularity goes up the price will go up as well, especially when we know there will be a limited amount of coins in circulation!
I also think that Bitcoin will be more valuable in the future because even now we just scratched the surface of the global economy, there's so much space for growing! After the first decade, Bitcoin and crypto achieved a lot, and we can expect that progress to continue, everything is going in the right direction!

[LUCKMCFLY]

a lot of investor confidence about the future of bitcoin, where the few people who still use it make investors believe that later when more and more people use it the price will soar. the advantage of bitcoin having high volatility, is to attract new investors to join, and if seen, bitcoin will always form a new ath, and this is what makes many investors optimistic

YES, you are partly right because of the confidence that many bet on Bitcoin, but I think that the main reason lies deep down and is the Law of Supply and Demand, many people are currently entering the world to trade and invest in BTC, Even on Wall Street, BTC is already considered, and this is something that is not new, in fact recently, BTC has taken pleasant bullish turns for investors and those who have bought BTC, new investors and new institutions have much more liquidity. joined the party.

If we take into account what previously moved the market was its own Strong Hands, now people with a lot of money are entering with the ability to move the BTC at very high price levels, and they cause emotions in people, which is another of the main reasons why the market will never stop fluctuating.

[GeorgeJohn]

That is the reason we have to know that bitcoin speculation is the normal nature, and if the price fails to fluctuates that means that is every tendency that is been controlled by any sector or it's a centralized currency, I'm not going against the rotations of bitcoin price falling and rising kind of movement.

Some elements of people was emphasising that since bitcoin have secured the length reaching to sixty thousand and sixt one  thousand to sixty three thousand (60k -61k -63k) that is obvious or their is every tendency that the price will keep on accelerating until it hit one hundred thousand (100k), i was like watching, because the price of bitcoin is not something we can predict accurately and base on the prediction, bitcoin increment is determine through the quantities of the market demand.

[breathlessz]

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.

Yes definitely, it was difficult to determine the fixed value of bitcoin. Bitcoin derives its value from a variety of different attributes. Ultimately, both crypto and fiat currencies have value because of trust. As long as society believes in the fiat system, money will continue to have value. We can say the same for Bitcoin, it has value because users believe it does, but there is more to consider. Unlike fiat, Bitcoin has no central bank, and its decentralized structure allowed for the creation of a unique financial system. Blockchain technology offers a great deal of security, utility, and other benefits that's why people choose to invest Bitcoin and has this good value.

in addition to trust, I think the legality of the government also determines for the future of bitcoin whether it can be used as legal tender, or only as an investment tool. Likewise, fiat is currently able to gain the full trust of all people because it has been determined by the government. Until now, bitcoin is decentralized which is still difficult for the government to accept because it cannot be controlled

[Flexystar]

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.

Every price is determined by supply and demand! Growing popularity means that demand is rising, and as long the popularity goes up the price will go up as well, especially when we know there will be a limited amount of coins in circulation!
I also think that Bitcoin will be more valuable in the future because even now we just scratched the surface of the global economy, there's so much space for growing! After the first decade, Bitcoin and crypto achieved a lot, and we can expect that progress to continue, everything is going in the right direction!

So much space as in, its growing day by day. We may call it as unlimited thing for that matter. I mean BTC as we speak is getting traded in volumes of millions of dollars which is surprisingly huge amount for an asset which had its existence since decade or so. The hike is even not accomplished because BTC strives in many countries against the rules and regulations. Some of them are banning it, some of them are accepting it and some of them are yet to understand it. I believe that these challenges are putting bitcoins value really low on those charts. It has bigger potential than that because once they uplift the bans and we get to synchronise the crypto throughout the world then you will see huge flood of investors getting into bitcoin and pushing all the available limits really. So the space? Yeah its limitless for the bitcoin.

[Wong Gendheng]

No one guarantees the value of bitcoin because it is purely decentralized, moreover bitcoin does not have a physical form like other types of investment, digital assets such as bitcoin are highly dependent on the number of users, this is what makes bitcoin valuable because it is actively used for various purposes such as transactions, trading and so on. .

[skarais]

No one guarantees the value of bitcoin because it is purely decentralized, moreover bitcoin does not have a physical form like other types of investment, digital assets such as bitcoin are highly dependent on the number of users, this is what makes bitcoin valuable because it is actively used for various purposes such as transactions, trading and so on. .

Supply and demand are important indicators in bitcoin trading because they will forever affect the bitcoin price. The function of bitcoin as a currency and a means of payment is the reason why since the beginning the demand for bitcoin has continued to increase and the growth of its users has also continued to increase so that the price is also increasingly expensive. Speculation and volatility are inseparable, will continue to exist and be felt by bitcoin traders and investors. Imo, the reason that make bitcoin so expensive is not its adoption as a currency, but its rarity and high demand has allowed traders to be unwilling to sell it cheaply.

[Cling18]

Bitcoin's value could be speculated by anyone yet there's no guarantee that it could reach a specific value at a certain time due to its volatility. That's the real characteristic of it and that makes it so unique as a currency. It could be manipulated but no one could control it continuously because its community is too big.

[Silberman]

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.

Yes definitely, it was difficult to determine the fixed value of bitcoin. Bitcoin derives its value from a variety of different attributes. Ultimately, both crypto and fiat currencies have value because of trust. As long as society believes in the fiat system, money will continue to have value. We can say the same for Bitcoin, it has value because users believe it does, but there is more to consider. Unlike fiat, Bitcoin has no central bank, and its decentralized structure allowed for the creation of a unique financial system. Blockchain technology offers a great deal of security, utility, and other benefits that's why people choose to invest Bitcoin and has this good value.

in addition to trust, I think the legality of the government also determines for the future of bitcoin whether it can be used as legal tender, or only as an investment tool. Likewise, fiat is currently able to gain the full trust of all people because it has been determined by the government. Until now, bitcoin is decentralized which is still difficult for the government to accept because it cannot be controlled

I disagree, people are going to use bitcoin regardless of its legal status, in some countries bitcoin is still illegal and people are using it anyway because it is the only way they can progress economically where they live, if people have to choose between having something to eat and follow a law the governments of their country put in place in order to benefit themselves people are going to pick the choice that benefits them, and that means adopting bitcoin even under those circumstances.

[19Nov16]

The price forming factor is supply and demand, when the stock of bitcoin 11 years ago was a lot and there were few users it was cheap and there are stories of people buying pizza worth $10 with 10k bitcoins, now 1 btc can buy 500 kg of pizza, as long as there is demand then bitcoin will continue to be worth.

[fullhdpixel]

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

Anything unnatural will not sustain for longer time frame, right? Bitcoin is almost 12 years old and its value is on upward direction among big to small corrections in this time frame. Consistently having value into upward direction artificially is definitely 100% impossible in this modern era. People are having all the resources to verify and to double check in this 21st century. So, bitcoin must have got all the reasons to value. It may be higher due to speculative but when demand also increases then such higher value also becoming reasonable. It is kind of cyclic events like higher value happens first and then bitcoin gets equivalent or higher demand which in cycle induce again higher prices.

[mamesso]

Bitcoin price fluctuation will always occur, volatile bitcoin prices to happiness for investors and disappointment when the price drops. The price of bitcoin is determined by supply and demand, When a lot of people buy, the price will go up, and vice versa.
Bitcoin users today are mostly just trader who play bitcoin like stocks, Many choose to become hoarder (buy bitcoins when the price is still low and store in the hope that the price will increase high) to add to his list of wealth.

[Snappycoco]

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.

It has now evolved into something bigger than digital peer-to-peer payment method. It has now becomes an investment for many and many elites are getting into it. Institutions are having fear of missing out specially that large institutions are now into it. Aside from that, hyper inflation might happen in US and BTC could probably save you from that.

[sana54210]

Every price is determined by supply and demand! Growing popularity means that demand is rising, and as long the popularity goes up the price will go up as well, especially when we know there will be a limited amount of coins in circulation!
I also think that Bitcoin will be more valuable in the future because even now we just scratched the surface of the global economy, there's so much space for growing! After the first decade, Bitcoin and crypto achieved a lot, and we can expect that progress to continue, everything is going in the right direction!

The demand is nowhere near where it could be and that is the hopeful part. Sure a lot of people and companies with money got in, however there are billions of people with small amounts of money that could get in and that is what we are looking for in the future, there are also a lot of rich companies that didn't get in yet neither.

Like most known ones are apple and amazon, they are not in crypto game yet, and wall street is in a bit but not a lot, they have a ton of money that they could get in as well. We are talking about trillions of dollars going into crypto in the future, we are not there yet and we could be there very soon, we should be very careful about what we are doing in crypto, but at the same time we should be looking for a situation where we could 10x easily just in bitcoin, maybe even 20x, which means so much more for altcoins.

[Wawa2013]

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.

It has now evolved into something bigger than digital peer-to-peer payment method. It has now becomes an investment for many and many elites are getting into it. Institutions are having fear of missing out specially that large institutions are now into it. Aside from that, hyper inflation might happen in US and BTC could probably save you from that.

Bitcoin moves based on supply and demand, then Bitcoin demand continues to increase every year and with a limited supply of Bitcoin.
That's what causes the development of Bitcoin is very drastic and the price of Bitcoin is getting more expensive, now many institutions
and rich people are starting long term investments in Bitcoin. Making Bitcoin the best performing asset, therefore people prefer to use
Bitcoin for investment than the original purpose of Bitcoin being created as payment. Moreover, there are still very few countries that
legalize Bitcoin as a means of payment, finally Bitcoin is popular as an asset for investment. Even in the future the price of Bitcoin will be
more expensive, so some people end up deciding on Bitcoin as a retirement plan.

[Silberman]

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

Anything unnatural will not sustain for longer time frame, right? Bitcoin is almost 12 years old and its value is on upward direction among big to small corrections in this time frame. Consistently having value into upward direction artificially is definitely 100% impossible in this modern era. People are having all the resources to verify and to double check in this 21st century. So, bitcoin must have got all the reasons to value. It may be higher due to speculative but when demand also increases then such higher value also becoming reasonable. It is kind of cyclic events like higher value happens first and then bitcoin gets equivalent or higher demand which in cycle induce again higher prices.

This, it is true that sometimes FOMO takes over the market and we see a bubble forming and then a crash happens, however this is something that occurs in all markets and not only in bitcoin, however to think we could have more than a decade of huge growth and that this does not reflect the value of bitcoin and that all of us are victims of a delusion is a mistake, bitcoin should have been worth trillions of dollars from the beginning but instead it is taking a long time to reach its true value.

[bengsabeng]

The price of bitcoin is very futuatif because the price of bitcoin really depends on supply and demand. besides that this is also supported by the decentralized nature of bitcoin, meaning that no organization or government controls bitcoin. it is for this reason why many countries do not recommend investing in bitcoin because the price of bitcoin can go up and down very quickly.

[ashmodeus]

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.

so u got trapped by the value of bitcoin itself, speak of value , why gold continue declining since 6 month's ago ? , and even peter schiff think it still natural , because it was indeed a fair price at the time, i am also quite sick of speculator bullshit , speaking of idea , indeed bitcoin was created for p2p payment but as the time goes , its evolved , the original idea still in there , but the function increases ,which it also as a symbol of wealthy. gold also changed , from just for jewerly and idols for worship to be a store of value.
so the point is not why on this value, but why u think about value, since 1 bitcoin always 1 bitcoin.

[Quantum907]

Bitcoin has value because many people are looking for it while bitcoin stock is limited, this is what makes the value of bitcoin continue to increase, as long as there are bitcoin users, bitcoin will be valuable, this also happens to all types of investments.

[Gudhal Untu]

Bitcoin price fluctuation will always occur, volatile bitcoin prices to happiness for investors and disappointment when the price drops. The price of bitcoin is determined by supply and demand, When a lot of people buy, the price will go up, and vice versa.
Bitcoin users today are mostly just trader who play bitcoin like stocks, Many choose to become hoarder (buy bitcoins when the price is still low and store in the hope that the price will increase high) to add to his list of wealth.

I think going up or down for traders is always a profitable thing, when the price goes down then buying is a very good thing and this is what allows traders to get maximum profit, there is always an opportunity for profit as long as we are patient to wait.