The Stories on Bitcoin's Value

[Ojima-ojo]

The USA government happens to be the buggest holder of bitcoin, that is, they hold the highest number of bitcoin, and aside from them, there are several other big cooperations and entities, even individuals like Elon musk, jack Dorsey, CZ (to mention a few) that hold a good number of bitcoins, this are prominent and well influencial men and women who have made good money even before they came across bitcoin, and after studying bitcoin, they decided to invest in it because they found it worthy.

How then can you, probably some one no body knows, tell me now that bitcoin is valueless? If the US government sees bitcoin as valuable, and are stacking as much as they can through various means possible, then, I don't believe anything you have said about bitcoin being valueless, and will never believe.

Bull run is coming, buy bitcoin now and make some good profit for yourself.

[aoluain]

Bitcoins cannot be eaten or drunk. They cannot be seen like artwork or heard like music. They cannot be used for text or image editing like computer software. They cannot be driven like a car or worn like jewelry. In short, bitcoins have no intrinsic value.

I got to this line and didnt read any further . . .

You are 100% right about what you say above!
But Bitcoin is D I F F E R E N T, its not something to be eaten or drank, Listened to, looked at, driven, worn.

Bitcoins value comes in the form of DECENTRALISED, DIGITAL, SECURE FINANCIAL ASSET, It can be bought, sold,
traded, transported across borders without any permission from a third party like a central bank, Government
or law enforcement. The Bitcoin network has never been hacked.

So lets see how you get on transporting and importing your truck load of fine vintage exotic Wine, or your rare
collection of Artwork, your Rolls-Royce La Rose Noire or Graff Diamonds Hallucination without either paying
import duty, TAX or worrying about your personal security . . .

If you are looking for intrinsic value which has a physical form then you are in the wrong forum preaching to
the wrong audience.

You should get in contact with Blackrock and Grayscale for instance and see how they will accomodate your
views because they obviously see Bitcoin as having intrinsic value as do their clients

Stories, stories, stories. Everybody is just telling stories.

Is there any person on Earth who doesn't want to sell their bitcoins at one time in the future? No, no such person exists. Everybody must sell their bitcoins simply because, as explained in the opening post, Nakamoto doesn't redeem them nor they are intrinsically valuable for someone to be able to satisfy their needs with them. So what is the point of all those stories about their value if everybody wants to get rid of them exactly because they know bitcoins have no value? Well, the point is simple: to lure as many suckers as possible and dump them worthless coins at as a high a price as possible.

So, please stop with this nonsense stories. At least in this topic. Just admit why you're all here and move on.

Is there anyone on Earth who doesnt want to sell their

fine vintage exotic Wine, or your rare
collection of Artwork, your Rolls-Royce La Rose Noire or Graff Diamonds Hallucination

at some time in the future . . .

You are actually confirming that BTC HAS intrinsic value . . .

[JamesNZ]

Stories, stories, stories. Everybody is just telling stories.

Is there any person on Earth who doesn't want to sell their bitcoins at one time in the future?

as long as there is someone out there who wants to buy bitcoin, there will always be someone who would want to sell it especially if they can sell it for a higher price than the price they bought it for

if someone still believes in bitcoin’s value then there will always be demand bitcoin is developed in a way wherein inflation has a lesser chance of happening

Isn't it nice to ignore the point and just repeat this nonsensical crypto slogans?

[pinggoki]

There are many reasons why Bitcoin is so valuable to convert to a digital currency. Before Bitcoin there were many other coins in the crypto currency market but all the other coins could not get the attention of the investors and investors did not see anything special in any of the other coins that would make an investor prefer another coin. The value of Bitcoin and the popularity of Bitcoin were not like that in the beginning, if we dig through history we find some information that proves that Bitcoin was not a valuable coin to people at that time. A man paid a huge amount of bitcoins to buy just two pizzas. Imagine the position of the person who paid a large amount of BTC in exchange for two pizzas and the person who received a large amount of BTC in exchange for the pizza. At the current level of popularity of Bitcoin, in a few years its popularity may double.

Bitcoin was the 2nd I think, there's probably only 1 that was created before bitcoin so I say that you're misinformed that there are other cryptocurrency in the market because bitcoin started it all. It's not that bitcoin isn't valuable per se, during the early years of bitcoin, it just so happens that there's not a lot of people that are engaged or are in this forum so the value of bitcoin isn't that high but as time goes by and more people are trying to get in and the value of bitcoin goes from a cent to a dollar, people starts getting in because they want a piece of the action, the popularity of bitcoin is parallel to how many people have discovered bitcoin over the years not to mention that as technology and affordable computers become a thing in the year 2010 onwards, the interest in technology increases everyday so it's only natural that bitcoin will be discovered by more people.

[oktana]

Exactly what I think about the paper with numbers and photo that you call money. Let’s say you claim to have 20 Million, but isn’t it all just paper that can be burnt to ashes. I think your problem is not knowing what value means. Value is the worth/importance that something holds. With this definition, you can see that value doesn’t care about the ”something”, but its generally perceived worth/importance. It doesn’t have to be visible for it to have value, don’t act like the world just began; we’re digital! Loads of things happen online and this is one of those innovations. It doesn’t have value, yet, it can be used to buy cars, houses, etc? It doesn’t have value, but some politicians use it? The reason why Bitcoin is where it is today is because it has value. All this started from cents and see how valuable it has become; ten thousands of dollars.

[EluguHcman]

Everything is functionable according to its nature of being, programs and how it is instructed realistically portraying its potentials.
No Bitcoin users is forced in to promote Bitcoin as a precious stone you you may say @ OP, rather the role is instigated that Bitcoin functionality shall be wide spread to attain a widely range of adoptions considering it as crypto exchange for purchase between traders and merchandise.

Satoshi is a creative inventor. Imagine having a unified digital currency that can be exchanged to any form of global currency through an exchange and yet an assets to to stand against the governmental ecosystems economy.
The decentralization system of Bitcoin of its Blockchain was the best invention on matter of being self confidence to your assets and funds. That is why  Bitcoin has seemed to be decentralized do each and every of its holders Is a governor to its denomination of its digital currency.

Bitcoin is an exchange currency that can afford you all that you needed to feel or touch such as the arts and  whatever. That is why it is a currency for purchase.
Sometimes we just need to grow up in terminological reasoning @ OP because the sense of reasoning was too low

[JamesNZ]

Everything is functionable according to its nature of being, programs and how it is instructed realistically portraying its potentials.
No Bitcoin users is forced in to promote Bitcoin as a precious stone you you may say @ OP, rather the role is instigated that Bitcoin functionality shall be wide spread to attain a widely range of adoptions considering it as crypto exchange for purchase between traders and merchandise.

Satoshi is a creative inventor. Imagine having a unified digital currency that can be exchanged to any form of global currency through an exchange and yet an assets to to stand against the governmental ecosystems economy.
The decentralization system of Bitcoin of its Blockchain was the best invention on matter of being self confidence to your assets and funds. That is why  Bitcoin has seemed to be decentralized do each and every of its holders Is a governor to its denomination of its digital currency.

Bitcoin is an exchange currency that can afford you all that you needed to feel or touch such as the arts and  whatever. That is why it is a currency for purchase.
Sometimes we just need to grow up in terminological reasoning @ OP because the sense of reasoning was too low

Nakamoto invented decentralized pyramid scheme. It attracts investors by simulating bank deposits. People buy units of the number 21 million and then falsely believe that this is just like having units in their bank accounts. The catch is of course, as explained in the OP, that the second units are redeemable by their issuers (banks), while the first are not redeemable by their issuer (Nakamoto). Which in other words mean that Bitcoin units are worthless. And that's why everyone who holds them must dumpt them on someone else. They need new investors to save them from the pyramid scheme. With stories on Bitcoin's value or importance, like yours, they try to attract as much investors as possible.