is bitcoin having real value?

[kingkedi]

hello i ahve doubt i.e bitcoins are distributed freely for mining

so my doubt is bitcoins are really moving based on real money i.e

suppose in first say example 1000 people have bitcoins i.e distributed using mining

so for these people how the value of bitcoin paid i.e is this money paid by later investors?

i.e my main doubt is bitcoin has real money
and why for mining giving bitcoins and how it useful to bitcoin

or is this all just another virtual scam?

[ABitNut]

hello i ahve doubt i.e bitcoins are distributed freely for mining

so my doubt is bitcoins are really moving based on real money i.e

suppose in first say example 1000 people have bitcoins i.e distributed using mining

so for these people how the value of bitcoin paid i.e is this money paid by later investors?

i.e my main doubt is bitcoin has real money
and why for mining giving bitcoins and how it useful to bitcoin

or is this all just another virtual scam?

I will be the mean guy here and tell you to search for the answers yourself. These questions are being asked over and over again when the answers are easily found. Please.

[foxkyu]

hello i ahve doubt i.e bitcoins are distributed freely for mining

so my doubt is bitcoins are really moving based on real money i.e

suppose in first say example 1000 people have bitcoins i.e distributed using mining

so for these people how the value of bitcoin paid i.e is this money paid by later investors?

i.e my main doubt is bitcoin has real money
and why for mining giving bitcoins and how it useful to bitcoin

or is this all just another virtual scam?

if you can read, please discover in this forum
there is a lot of answer of your question

[Q7]

The reason why bitcoin has value is because there are people like us who determine its value. Ask yourself how much are you willing to pay for that amount of btc. The value is our level of acceptance which is giving it value

[remotemass]

Bitcoins enter circulation as rewards/payments for mining.
There is always a limited amount of BTC in circulation so by simple law of Supply and Demand there will be a market value for each BTC.
Do you understand how exchanges work?
The value of BTC is not a moral or subjective value, that is it is not the value you think bitcoins have but rather is is a purely market value.

[kingkedi]

ok, and i appreciate your answers but before giving advice you need to know one thing

all the answers there are only understandbale for high level users

and for a newbie those are not understandable and you need to know


see in world,answering for question means answering in a way that a newbie also should understnad but several people speak crypto language saying this and that all things who knows those all how can newbie understood
i am still saying frankly how this ming works and what need of paying for mining?

[hayabusa911]

ok, and i appreciate your answers but before giving advice you need to know one thing

all the answers there are only understandbale for high level users

and for a newbie those are not understandable and you need to know


see in world,answering for question means answering in a way that a newbie also should understnad but several people speak crypto language saying this and that all things who knows those all how can newbie understood
i am still saying frankly how this ming works and what need of paying for mining?

Just keep reading. Spend some time on here and you will learn more and more as time goes by.

[madken7777]

Bitcoin value is derived from demand alone.

And demand from bitcoin derived from the protocal, which can be easily copied; and network effect.

[zoukenn]

Now I can give you this answer: Yes. But in the past, when price was increased up to 1000$, price was highly manipulated from much people. So, mainly problem of bitcoin is speculation, but:

Bitcoin value is derived from demand alone.

And demand from bitcoin derived from the protocal, which can be easily copied; and network effect.

Here this is the perfect answer for x price.

[bitsmichel]

i.e my main doubt is bitcoin has real money
and why for mining giving bitcoins and how it useful to bitcoin
or is this all just another virtual scam?

Bitcoin is a decentralized network and someone needs to decide if a payment transaction is correct or not correct. No central authority verifies the transactions, miners do this. To understand the technology completely read the bitcoin paper. The bitcoin network is used as a transfer of virtual currency.

[notlist3d]

hello i ahve doubt i.e bitcoins are distributed freely for mining

so my doubt is bitcoins are really moving based on real money i.e

suppose in first say example 1000 people have bitcoins i.e distributed using mining

so for these people how the value of bitcoin paid i.e is this money paid by later investors?

i.e my main doubt is bitcoin has real money
and why for mining giving bitcoins and how it useful to bitcoin

or is this all just another virtual scam?

You will need to read more. And specifically good features it offers people.

It holds value of what people will pay for it.  It is like many things like gold, diamonds, etc.  What someone will pay is what it is worth.  That price goes up and  down.

[alistar]

i thought it had value ever since the 1st pizza transaction.

[waser12]

its because people like us that the bitcoin has value, more people buying bitcoins more it will grow, so yes it has a real value.

[jjacob]

hello i ahve doubt i.e bitcoins are distributed freely for mining

so my doubt is bitcoins are really moving based on real money i.e

suppose in first say example 1000 people have bitcoins i.e distributed using mining

so for these people how the value of bitcoin paid i.e is this money paid by later investors?

i.e my main doubt is bitcoin has real money
and why for mining giving bitcoins and how it useful to bitcoin

or is this all just another virtual scam?

Look at the number of establishments accepting bitcoins today. It sure is real money to them.

[szmarco]

I will pay 300+ USD for a bitcoin.
So you tell me weather it have real value.

[fathur01]

I will pay 300+ USD for a bitcoin.
So you tell me weather it have real value.

Would you still say that if the price on the 4 major exchanges crashed to $100 and stayed there for 2 years?
Ill keep you in mind if that ever happens

[Chemistry1988]

hello i ahve doubt i.e bitcoins are distributed freely for mining

so my doubt is bitcoins are really moving based on real money i.e

suppose in first say example 1000 people have bitcoins i.e distributed using mining

so for these people how the value of bitcoin paid i.e is this money paid by later investors?

i.e my main doubt is bitcoin has real money
and why for mining giving bitcoins and how it useful to bitcoin

or is this all just another virtual scam?

It seems to me you completely don't understand how mining works at all. You should spend a few minutes reading http://www.coindesk.com/information/how-bitcoin-mining-works/ and https://en.bitcoin.it/wiki/Mining.

[Sunderland]

Its not virtual scam , but for other altcoins yes some of them is only scam coins.
The more people buy and use Bitcoin , value will go up and when bitcoin finally ended for mining value will go high again.
But still that need more people buy and use bitcoin in this world.

[aronnov]

as digital currency, of course, have a bitcoin exchange rate against the US dollar, for the current price of bitcoin exchange declined against the US dollar, it is influenced by the presence of massive sales and the dollar value of the bitcoin amerikan are now being tended to decrease ... 

[JeffDeChesare]

There's nothing distributed they are working for it. You have half information there you should read more about it.