What makes bitcoin valuable beyond its price?

[Hyphen(-)]

I believe everyone above have said what makes bitcoin valuable beyond its price because we haven't seen any good form of money created by man except bitcoin.

One good aspects of bitcoin is the decentralized nature that gives you the opportunity to be your own bank. You don't need anyone permission to make use of your bitcoin. Scarcity cannot be excluded. Bitcoin gives financial freedom.

Yes, decentralization is what makes Bitcoin more valuable because no one can control it even government has tried by all means but they couldn't control Bitcoin, they have tried to criticize it by all means, but yet Bitcoin survives so many attempt and still stands strong with good value.
Bitcoin scarcity is also another reason that gives Bitcoin this value, it have limited supply which will keep given it good value because the demand is always there, and everything about Bitcoin is transparent with no hidden tricks, that is why investors don't panic as long as they can hold their Bitcoin in their wallet if they can keep and backup their seed phrases properly and safe.

[Cookdata]

I think the most important thing among all the things you made mention of is decentralisation, although scarcity and the rest are also important but scarcity doesn't makes bitcoin to be valuable especially when it's network isn't trusted. Bitcoin being decentralised makes it impossible for any organisation, individual, government to be able to control or regulate it. Security is crucial also because it gives investor the courage that their bitcoin is secured and protected. There are people that is holding for a long term because of scarcity that has made bitcoin to be a good store of value.

Do you mean people don't trust the Bitcoin network? I don't think so. Bitcoin is not something you have to trust, everything is built on verification and validation, so when you don't trust anything, verify it at least. The people that have invested billions of dollars into it didn't do blind trust, it's because they were able to verify own their own that is what gave them confidence in the fact that Bitcoin is decentralised, cencorship resistanct and has zero tolerance for bullies, you know, the government.

I want to say something regarding supply and price, the limited supply creates demand for Bitcoin, but it does not affect the price. If Bitcoin has a 10M supply, the price can still be what it is or less indirectly. We see the supply as an inherent property or price, but it is not. If it is, I don't think some shitty altcoins would make $90k all time back in 2022/2023 before Bitcoin, but despite having lower supply than Bitcoin, they are dead because people don't value what it is worth.

[PhilosopherKing]

Bitcoin discussions usually focus on price, adoption, and market cycles.

But what do you think gives Bitcoin its strongest long-term value: decentralization, scarcity, security, utility, or something else?

Lot of guys have all talked about decentralization which is true as well. I know some have also talked in scarcity but I will still bring it up because I think it also what brings value. If there is not lot of things to go around, person will value the little that is available. For example when a brand launches a limited edition of a product. Imo even if that products is very cost, people will still want to buy it because there is not many in existence.

Also if if you attend an event and food and drinks is in excess, some lot will eventually stop valuing it, you could then see them pouring food away and all sort of wasteful things, because they know they can get another one.

But when food and drinks is limited, it will be very hard to see person wasting it because they know that there is no more left.

With this little examples I gave it is reasonable to say that scarcity makes person to value something the more. And that is the way it is in bitcoin. Bitcoin cannot go beyond that twenty one million hard cap, there is no endless supply, more cannot be be added unto what is already there. And that is why person still continue to value it even when the price is above a thousand dollars.

[icebar]

Bitcoin discussions usually focus on price, adoption, and market cycles.

But what do you think gives Bitcoin its strongest long-term value: decentralization, scarcity, security, utility, or something else?

Even though Bitcoin is very attractive to people due to its high volatility, there are many advantages beyond the price that make people interested in Bitcoin. It has Limited supply 21 million. A valuable aspect of Bitcoin's attraction to people is its decentralized system. There is no conventional system that allows you to keep your wealth anonymous, whereas Bitcoin gives you that freedom. In terms of financial transactions, transparency and fast transactions are only possible through Bitcoin. Its security system is strong. Bitcoin is now not only used as money but also as a digital gold for storing wealth. That is why not only the price but also some of the benefits of using Bitcoin for an individual have attracted people to it.

[Odogwu-Blockchain]

Bitcoin discussions usually focus on price, adoption, and market cycles.

But what do you think gives Bitcoin its strongest long-term value: decentralization, scarcity, security, utility, or something else?

As a cross border payment medium, which carries a faster payment confirmation. That's the most valuable integration that could ever happen in any financial world, it beats the centralized means of sending money across boarder like the MoneyGram and the rest.

It's amazing how this is even done without kyc and other identity verification procedure before making such international payment, that's amazing and top notch, of course valuable.

[sebiesz]

i think scarcity is a pretty obvious one. there will only ever be 21m bitcoin

[PostQuantumBTC]

Bitcoin price is not what that makes it valuable.

i think scarcity is a pretty obvious one. there will only ever be 21m bitcoin

Scarcity is among but do you know that there are altcoins and shit coins that are very scarce and designed just like bitcoin but people are not buying the coin? There are even some that pumped but just within weeks, they are dumped. I know scarcity is there but adoption should also be talked about when talking about scarcity.

[Dareo]

No matter what you say, considering the current situation the price of Bitcoin is the biggest reason for adoption, because there are already many coins in the market with limited supply. Moreover now almost all coins are decentralized and have good security but even then everyone invests in Bitcoin for the price. And that is why various institutions, including the government, are adopting it.

[Ronsbit]

Amongst the factors you have mentioned, scarcity and privacy are what I could hold onto that  fueled the demand for Bitcoin. The essence of it's scarcity is for value appreciation, every fraction of it would definitely count as nothing would be a waste just like cents etc.
Privacy in the sense that you control your assets yourself, no third party, no fees, no secret and open charges. You are your own personal bank and you can move freely with your assets from place to place with nobody having knowledge about it.

[SquirrelJulietGarden]

Even though Bitcoin is very attractive to people due to its high volatility, there are many advantages beyond the price that make people interested in Bitcoin.

Volatility is mostly in short term and it makes Bitcoin market fearful with many people who are uncertain about what happens next with Bitcoin price in coming days, weeks or months. Most people don't vision Bitcoin market and Bitcoin future in years and cycles so they are very uncertain and fearful.

If people look at Bitcoin in long term like years and cycles, they will not see volatility but see parabolic growth, like this chart shows it very clearly.
https://charts.bitbo.io/yearly-candles/

It has Limited supply 21 million.

It is one of contributors for Bitcoin value but only limited total supply is not enough. Many altcoins as Bitcoin forks have same 21M total supplies but they're failed projects.

A valuable aspect of Bitcoin's attraction to people is its decentralized system.

Decentralization, and censorship resistance are two other important contributors for Bitcoin value.

Bitcoin actually made innovation in accounting and changed the world.
The bullish case for Bitcoin.
An accounting revolution with Bitcoin.
The accounting revolution that shook the world.

[Die_empty]

Bitcoin discussions usually focus on price, adoption, and market cycles.

But what do you think gives Bitcoin its strongest long-term value: decentralization, scarcity, security, utility, or something else?

Everyone that get involved in Bitcoin does it for specific reasons. Those who care about their privacy are concerned about the decentralization feature of Bitcoin. Businesses that are focused on making a profit will be more concerned about scarcity since it controls the value of Bitcoin. I don't think many people are using Bitcoin as a currency because of its volatility. Everyone wants a secure network to avoid loss of funds.

Decentralization and scarcity look like the major concern of most people.

[YOSHIE]

But what do you think gives Bitcoin its strongest long-term value: decentralization, scarcity, security, utility, or something else?

In fact, there are many functions and values ​​for Bitcoin beyond its market price, for example we know Bitcoin as a digital currency, which is completely independent, rare, unique, where the only digital currency users can control themselves in full, of course by storing private keys.

We have been accessing Bitcoin without having to ask permission from other parties, just through exchange services, everything is resolved, just imagine digital currency but can collaborate with fiat currency in the real world, Isn't that worth the price, don't you imagine that Bitcoin could shake up the world economy and stabilize inflation and so on.

[Muskanrani]

IMPORTANT POINTS THAT EXPLAIN BITCOIN'S TRUE VALUE

1) The actual intrinsic value of Bitcoin comes from un structural guarantees and traditional financial system cannot provide it . While market price remain change due to speculative cycle .

2) Bitcoin's 21 million hard cap is enforeced purely by code and its supply cannot be increase artificially due to programtic issuance which rescue it from devaluation.

3) With the help of Proof-of-work computational power ledger secure the history which provides it unmatchable cryptographic trust .

4) It also provide users complete financial self sovereignty as you know transaction runs on decentralized protocol without central intermediaries which need full sovereignty.

5) Now a days latest emerging smart contract protocol make Bitcoin an active settlement layer instead of  passive store of value .

What do you think with the rise of Layer-2 solution like lightening network Bitcoin can eventually replaces with traditional payment systems

According to your opinion beyond speculative trading which technical feature of Bitcoin do you consider more valuable???



 








 

[SilverCryptoBullet]

In fact, there are many functions and values ​​for Bitcoin beyond its market price, for example we know Bitcoin as a digital currency, which is completely independent, rare, unique, where the only digital currency users can control themselves in full, of course by storing private keys.

Fundamentals are important because they make Bitcoin secure, privacy, and no censorship so that people feel safe to use Bitcoin. Then with many use cases, Bitcoin give people many chances of using the blockchain and bitcoin as a currency on Bitcoin blockchain.

Imagine that if Bitcoin does not have all these good fundamentals, people would see Bitcoin as weak, useless, not secure and there will be no or very little people want to use Bitcoin.

We have been accessing Bitcoin without having to ask permission from other parties, just through exchange services, everything is resolved, just imagine digital currency but can collaborate with fiat currency in the real world, Isn't that worth the price, don't you imagine that Bitcoin could shake up the world economy and stabilize inflation and so on.

Bitcoin was created because Satoshi Nakamoto saw problems with governments, central banks, and fiat currencies but Bitcoin is an alternative, not a replacement of these things, and Bitcoin mission is not to change the world economy. I think it is not what Satoshi Nakamoto thought of and wanted Bitcoin to achieve, while even if the founder wanted it, it's unrealistic for Bitcoin to achieve these ambitious things.

[uchegod-21]

Bitcoin discussions usually focus on price, adoption, and market cycles.

But what do you think gives Bitcoin its strongest long-term value: decentralization, scarcity, security, utility, or something else?

Do you think people will rate bitcoin that much if it was just about the price? If it was just about price, the government would have taken control of bitcoin a long time a goal. Hackers would have been able to hack into the bitcoin network and disrupt the original settings of Bitcoin. Maybe they could inflate the total number of existing bitcoins and tamper with security features that gives bitcoin its strong security advantage. Maybe there would also be a central authority everyone looks up to that can control and manipulate Bitcoin at will.

If it was just price that gives Bitcoin its value and there were nothing like decentralization, Scarcity, security, utility etc, people would have dumped bitcoin because of the lack of freedom and complications that will come with owning it. Some cannot trust it enough to hodl bitcoin.

Never underestimate this part of Bitcoin; I mean decentralization, scarcity, security, freedom and utility. They all make Bitcoin very valuable.

[Jostern]

No matter what you say, considering the current situation the price of Bitcoin is the biggest reason for adoption, because there are already many coins in the market with limited supply. Moreover now almost all coins are decentralized and have good security but even then everyone invests in Bitcoin for the price. And that is why various institutions, including the government, are adopting it.

However there is every tendency that you might actually be right, but outside the potential price of bitcoin which is something I think is a major factor as something that push so many people to be interested to buy and accumulate bitcoins, but something that makes bitcoin unique beyond the price of bitcoin, which I personally think that is the decentralization, something that nobody have control over, you can control your bitcoin however you want it, you can make bitcoin transactions in your comfort zone, whichever way you want considering that you have access to internet, no Government whatsoever that would control your bitcoin, Scarcity is something that we should also consider as something unique and still growing strong, and the next thing I see as something significant is the security.

[ImGenius]

The real reason for Bitcoins true long term value is that it cannot be controlled by an individual or group. Since Bitcoin is completely decentralized no one will be able to change its rules which is why people trust it more than other cryptos. I think scarcity, security and utility all together make Bitcoin the most valuable.

Another thing that makes Bitcoin more valuable is that it continuously touches ATH because of which people believe that it will touch it again and they will be able to make huge profit.

[Dr.Bitcoin_Strange]

Scarcity alone isn't worth much.

When some people talks about Bitcoin scarcity, I know they are referring to its total supply caped at 21M but is it even ideal to say that Bitcoin is scarce now meanwhile if someone wants to buy 100s of Bitcoin right now, they can do so with ease?

I think scarcity is when something is not enough to satisfy those that needs is, right? Now that people who desire to buy 1,10 or more pieces of Bitcoin can still buy it comfortably in minutes without waiting a long time or looking too far to get it, should we really say Bitcoin is scarce now? I do think it's not yet time for people to start saying that Bitcoin is scarce because if it actually become scarce, some people who wants to buy a small or large number of Bitcoin will actually have to wait for days or weeks until they find someone who is will to sell his or her Bitcoin. I have thought about this before tho, I don't know what you think.

[Tmoonz]

But what do you think gives Bitcoin its strongest long-term value: decentralization, scarcity, security, utility, or something else?

If you look at this list you yourself have listed features that even one of them is just enough to make bitcoin attractive as an investment for a long term hold, been it decentralization in an era where it’s seems not possible due to government stern regulations or scarcity and even security because it’s not centralized as many people already believe that any investment or asset without bitcoin control is basically not going to be secure but bitcoin proves that wrong already.

Then ultimately as an asset for investment the one feature is the ability to be a store of value to hedge against inflation which I think has eaten up into almost everything that once has to hodl from fiat currency to others. Bitcoin isn’t affected by inflation and that’s a key metrics for long term value

Read up on similar threads
What makes Bitcoins valuable?
what gives Bitcoin it value?

Exactly the point, one of those listed features is quite more than enough to give Bitcoin it's strongest long term value the op is talking about, anyone who understands the indepth and significant of any of those listed features will never be in doubt about this, nothing has really proven to be otherwise about the potentials of bitcoin, it's ability to increase in value over time qualifies it as an asset looking at where it was 10 years ago and now for instance. In my opinion, non of those listed features above can be highly speak of than the others in considering what gives Bitcoin it's strongest long term value because they are all valuable and essentially to be talk about or recognized.

[Sammye3]

Bitcoin discussions usually focus on price, adoption, and market cycles.

But what do you think gives Bitcoin its strongest long-term value: decentralization, scarcity, security, utility, or something else?

All factors you mentioned are fundamental to Bitcoin's value, but the most peculiar attributes should be it's scarcity and adoption. Scarcity gives Bitcoin a long term value while adoption creates and fuels the demand for Bitcoin.

Bitcoin's value is tied to scarcity, decentralization, security, utility and adoption in general. There is no independent attribute that contributes more to the value of Bitcoin, separating them based on importance defies the entire Bitcoin ecosystem.

Though the topic "what makes Bitcoin valuable beyond it's price" is a bit misguided from the context of the post but I will want to believe that you have your answers already.