Why Bitcoin is valuable?

[davis196]

As a final note, Bitcoin is hard to come by, and if 21 million people buy one each, they will never be able to buy it again.

This is a theoretical fantasy,which will never happen in reality.
Anyway,assuming that your fantasy happens,why do you think those 21 million people will buy one Bitcoin?
I think that the main reason the people are buying BTC is to sell it at a higher price.
There's no point for 21 million people to buy 21 million Bitcoins and keep the BTC in their wallets forever.
That's why your assumption about the people never being able to buy BTC again is wrong.
I'm not going to waste my time explaining why Bitcoin has value.This has been explained multiple times in various forum posts.

[amihada]

Why bitcoin is valuable I only answered bitcoin is valuable because there is still the trust of big investors if investors have lost faith in bitcoin bitcoin will definitely go down in price, do you agree with me?

[ChiBitCTy]

Exactly one of bitcoins most valuable features is its scarcity. The fact that only 21 million will ever be made..if you think about how many people are in this world, it just goes to show how truly scarce it is versus so many other coins (or even the US dollar).  All these coins with unlimited supplies are just silly.

[terrorJR]

when you say 21 million people buy 1 bitcoin each person actually in this case it is impossible to do.
first bitcoins are currently still being mined and it is still quite a while for them to finish mining.
secondly, if they buy it, then what is it for? we are in bitcoin because this is a profitable investment for the future (for me) and when it is for sure when the price in bitcoin matches what I want of course I will sell my bitcoin and it will definitely happen to someone else also because there really are a lot of people who would like that and I'm not the only one doing it

[Spacebar96]

Why bitcoin is valuable?
Bitcoin is valuable because it as a limited supply and there is a demand for it. There is a demand because people can use bitcoin as a means of exchange( an act of giving one thing and receiving another).

[Kelvinid]

snip...

Well, forget all of them OP as they are not the cause for Bitcoin becoming valuable.

It is simple, people will invest in Bitcoin for some reason but the top of it is to gain profit. We can't assume that those people who no interest in Bitcoin will invest, definitely no and they keep rejecting this opportunity rather than risking their money. As for them, they will enjoy other stuff as you have mentioned rather than talking and searching about crypto.

[Shasha80]

Why bitcoin is valuable I only answered bitcoin is valuable because there is still the trust of big investors if investors have lost faith in bitcoin bitcoin will definitely go down in price, do you agree with me?

I agree with you, Bitcoin does have value because there is trust from investors in Bitcoin. This means that with supply and demand it will make
Bitcoin valuable, imagine if there were no investors who wanted to buy Bitcoin, then Bitcoin has no value at all. Therefore it is very important
Bitcoin has the trust of Investors. Bitcoin is highly trusted because it is different from fiat which is controlled by the government. Bitcoin is
a decentralized currency, we can carry out financial transactions without the need to go through a third party. Then the very limited number of
Bitcoins also makes Bitcoin more valuable, in contrast to fiat which can be printed at any time by the government. That's why the popularity and
demand for Bitcoin continues to increase, because Bitcoin provides benefits that fiat cannot provide.

[Fatunad]

Why bitcoin is valuable?
Bitcoin is valuable because it as a limited supply and there is a demand for it. There is a demand because people can use bitcoin as a means of exchange( an act of giving one thing and receiving another).

DEMAND!

This is the main reason because it wouldnt really get any value if it doesnt have this thing.Although there are lots of criticisms on which bitcoin had able to get but considering
that we are on decade plus now on its existence then it do proves out that there's really a potential that it could really go into further years to come.This isnt only talking
about profit making but also into its real use case relevance which most people do really been eyeing on.

[BIT-BENDER]

It's a pity that many exchange, project are all going centralized, making that anonymous, private and even security nature rotten away, now some exchanges is making life difficult for it's users, Bitcoin would always be valuable but if we keep making crypto lose it's decentralized nature then we may just be having alot on our hands

[taufik123]

the limited number of bitcoins makes it very valuable, only 21 million are available and can't be added or subtracted. Nowadays it is getting more and more difficult to get bitcoin by mining, it will cost a lot and the tools required.
Bitcoin is the first decentralized digital currency that is very valuable and has an increasing value. Many new investors are starting to enter as well as many adoptions made by the world's big companies. this proves bitcoin is highly valued. not just speculation.

[Hispo]

Bitcoin is valuable because it has properties that make other assets valuable: scarcity, acceptation....
While having other properties which not all other assets got: Easy to conceal/store, divisible, borderless, censorship-proof, etc.

[noormcs5]

Bitcoin is valuable because it has properties that make other assets valuable: scarcity, acceptation....
While having other properties which not all other assets got: Easy to conceal/store, divisible, borderless, censorship-proof, etc.

Bitcoin is valuable because 60% of the total market cap is invested only in bitcoin and when so many people trust bitcoin this means that it is valuable 
Actually, bitcoin is widely accepted everywhere and it is a decentralized cryptocurrency. Another major reason is that bitcoin supply is fixed, thus no one can produce more bitcoins to increase its supply and reduce its price.

[lixer]

when you say 21 million people buy 1 bitcoin each person actually in this case it is impossible to do.
first bitcoins are currently still being mined and it is still quite a while for them to finish mining.
secondly, if they buy it, then what is it for? we are in bitcoin because this is a profitable investment for the future (for me) and when it is for sure when the price in bitcoin matches what I want of course I will sell my bitcoin and it will definitely happen to someone else also because there really are a lot of people who would like that and I'm not the only one doing it

Let say that all 21 million bitcoin are mined, I still do not think that 21 million people can buy 1 bitcoin each because when the time comes when the 21 million bitcoin have all been mined, their value is also going to be very expensive and yes the op is right when he say that people cannot buy anymore after owning 1 bitcoin, because they will now be broke or full of debts after that lol but seriously if what the op means is about the circulation or obtaining a new bitcoin then its still possible because like you said most of us here that involved in bitcoin are only for the profit, we do not hold bitcoin forever so the bitcoin still circulates from one person to the other.

[panukurap]

Bitcoin is indeed valuable, it gives freedom to each individual in regulating the monetary system. The high adrift value also makes it known to many people and has even become a target here and there. Although the value of Bitcoin is uncertain, there is always hope of profiting from it. The important thing is that we are willing to wait patiently for the right time.Usually many are trapped by their own emotions, therefore I will try to learn from these mistakes.

[riskarcher]

Simple, Bitcoin becomes valuable because people are willing to exchange it for real goods or services, and even willing to exchange it for cash. that is the point of a valuable and rare asset, it's just a matter of time bitcoin will be a difficult asset to get in the future

[fiulpro]

Few things to consider :
1. It's a store of value
2. Unit of exchange
3. Scarcity
4. High demand
5. Is more functional and have extreme mobility as well
6. Its an exception to the traditional currencies and assets

There are so many things that gives bitcoins their value but at the end of the day I think there is a personal aspect to it as well which enables the user to use it without boundaries in contrast to the traditional currencies and investments.

[qwertyup23]

When I read the title, I thought you were asking us why it is valuable but I see that you are rather telling us why it is valuable. I don't know where you get your example from, but the only thing you are right about is the 21 million limit. It is as simple as that it is the best digital system to store and transfer value, especially in large quantities, decentralized, autonomous and resistant to censorship.

To be honest, I also got the same feeling when OP phrased his title as I was expecting it to be a question, but it turned out that it was some valuable information instead.

But like you mentioned, the reason on why BTC is considered to be valuable is due to its inflationary value and limited supply on the market. Having only a 21 million in supply means that its price is bound my inflation, and supply-demand. Considering that BTC is used as a form of currency that deletes the use of a third-party in handling our transactions, people can safely transact on the BTC network money from one person to another, without worrying too much on your identity.

[Iranus]

When I read the title, I thought you were asking us why it is valuable but I see that you are rather telling us why it is valuable. I don't know where you get your example from, but the only thing you are right about is the 21 million limit. It is as simple as that it is the best digital system to store and transfer value, especially in large quantities, decentralized, autonomous and resistant to censorship.

To be honest, I also got the same feeling when OP phrased his title as I was expecting it to be a question, but it turned out that it was some valuable information instead.

But like you mentioned, the reason on why BTC is considered to be valuable is due to its inflationary value and limited supply on the market. Having only a 21 million in supply means that its price is bound my inflation, and supply-demand. Considering that BTC is used as a form of currency that deletes the use of a third-party in handling our transactions, people can safely transact on the BTC network money from one person to another, without worrying too much on your identity.

I just attempt to write "Why Bitcoin is valuable?" but after reading the OP I was just deceived...
Yes, I agreed that Bitcoin deletes the use of a third party, but still, it has some weaknesses that's why we have to rely on paper money till now.
You know Bitcoin is not a sovereign currency that's why it's usable between a short circle not worldwide, and chargeback is another big factor to use bitcoin in real life.

I think the real value of Bitcoin insists on its decentralization nature, people can hold their funds anonymously that's why they feel interested to move into Bitcoin. And most of them are invested in Bitcoin hoping to get rewards from Bitcoin.

[adzino]

For example, several people have no money, but want to play a few games of mahjong, and then make an appointment for a card of poker to represent one dollar. Poker then generates a dollar value. The value it carries at the moment is the mutual promise of several people, and its function is to calculate the quantity.
In today's digital age, the immutable properties of the Bitcoin database accurately carry the mutual promises of Bitcoin holders, which can quickly calculate the quantity and transfer each other.
As a final note, Bitcoin is hard to come by, and if 21 million people buy one each, they will never be able to buy it again.

For every people buying and holding a single bitcoin, the price will keep going up to a point that it will be almost impossible to buy a whole bitcoin with their current wealth. And with the price increasing, others that have bought will want to sell theirs to take their profit. So there will still be more bitcoins for people to buy. What would they do with the bitcoin if they never sell or trade it for goods? There would be no use holding it.

[FatFork]

What would they do with the bitcoin if they never sell or trade it for goods? There would be no use holding it.

Even if Bitcoin had no utility or tangible value, its extreme rarity would still make it valuable to collectors. People like to collect all sorts of things, and it’s the same for scarce goods: the hunt for rarity is an intrinsic part of the fun, even if the item in question has no real-world use. For instance, super rare baseball cards are a collector's dream. Not only do they usually sell for huge sums at auction, they can even fetch the price of a new home for someone who owns a large collection. So it's not like a lack of intrinsic value is going to prevent Bitcoin from being valued by collectors.