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Author Topic: What Makes Bitcoin Valuable?  (Read 4569 times)
Oceat
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August 27, 2019, 11:40:04 PM
 #101

How valuable the Bitcoin will be in the future, we will see. I think it's important that the BTC can be exchanged and that it is decentralized. Thus independent of the banking system.
The bigger the Bitcoin community becomes, the higher its value becomes.
The more people that adopt Bitcoin the higher the value it would get in the future during a bullish trend.
People should start investing because this is the innovation that will change their lives ones they believe in it.
Besides, there are people already who used to get their profit during the bullish trend.

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Lauren Smith
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August 27, 2019, 11:43:11 PM
 #102

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y

Having a good price makes bitcoin valuable because everyone have the chance to have a big profit in the coming price pump. Price increasing this is what people monitored in bitcoin because everybody involved here will get a big profit ans savings too.

Having a big price does not make bitcoin valuable, the OP is asking why does bitcoin have a high price.

BITCOIN IS VALUABLE NOT ONLY BECAUSE IT THE FUTURE MONEY BUT BITCOIN IS MORE THAN GOLD BECAUSE TODAY YOU MIGHT BE POOR BUT TOMORROW THE BITCOIN YOU HAVE CAN TURN YOU INTO A BILLION 💰 OWNER

That's the dream.

Bitcoin is simply the future and we best get use to it and get onboard now instead of later.



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Viscore
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August 27, 2019, 11:44:48 PM
 #103

BITCOIN IS VALUABLE NOT ONLY BECAUSE IT THE FUTURE MONEY BUT BITCOIN IS MORE THAN GOLD BECAUSE TODAY YOU MIGHT BE POOR BUT TOMORROW THE BITCOIN YOU HAVE CAN TURN YOU INTO A BILLION 💰 OWNER
We all have the same expectations about bitcoin and that is to give us a bright future ahead. But i also understand that this thing will not just happen easily. It needs to be worked out and you need to endure more hard works,patience and perseverance for you to have even a single bitcoin. With its market continues to be volatile, then there are really high chances that its price will go to the moon and will give us huge profits in the future.

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MeBender
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August 28, 2019, 03:03:17 AM
 #104

Why are there so many people with bad English here?
killat
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August 28, 2019, 04:03:35 AM
 #105

Bitcoin is valuable by the faith of people that it will continue to develop and its price will raise in the future.

When people will lose interest in Btc, it will lose its value, price will decrease as liquidity will become lower and lower.

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Be kind whenever possible. It is always possible
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jakoylantern
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August 28, 2019, 07:03:03 AM
 #106

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y

Bitcoin is valuable because its the first decentralized cryptocurrency that no one can't control. Also, the capability and ability of bitcoin are superb. When bitcoin's community grow the acceptance also follow and bitcoin's price rate to rise because when the demand for bitcoin increase. The only thing that making bitcoin's price drop is on negative articles and issues.
CryptoRobert
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August 28, 2019, 01:51:24 PM
 #107

I've published an extensive answer to this question in the Ivory Tower of this forum.
Skin in the gane is the answer.

Feel free to read more:

https://bitcointalk.org/index.php?topic=5174190.0

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MascharonoM
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August 28, 2019, 02:03:02 PM
 #108

I also didn't read any books which are written about bitcoin or cryptos. But interested to know about them and gather knowledge to make my skills stronger.
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August 28, 2019, 02:27:07 PM
 #109

Bitcoin is a valuable coin in the world now .There is many reason to become its so valuable .I think the secured transaction system is a option to become so valuable .The volatility makes investor to get easy and huge profit always .You can anonymously make a transaction from anywhere in the world .So i think it will be more popular and valuable in the recent  future.
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August 30, 2019, 01:09:36 PM
 #110

Bitcoin is valuable by the faith of people that it will continue to develop and its price will raise in the future.

When people will lose interest in Btc, it will lose its value, price will decrease as liquidity will become lower and lower.
I think the interest of people will continue to grow, although I understand what you mean, there must always be something that will spark the fire of interest in people, and the more people use it, the more that bitcoin will become valuable.

Awareness is also something that is very important, and I am sure that if we are to come up with statistic of people that has gotten to know of bitcoin now among the entire population of the world, the statistic will still be a little bit too low, so there is also need for us to create massive awareness, and one of the greatest way that we can create awareness is when most of us starts to also adopt its usage, I mean we are all making use of it as merchants to receive payment, if the merchant base that accept bitcoin can grow, then people will start getting to know about it and beginning to use it for bitcoin to continue to be valuable.



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September 01, 2019, 11:09:16 PM
 #111

There is 2 kinds of values.

One the actual price of Bitcoin.

Two the value what we cant put into numbers, That's the Transparency, speed, Security, high Technology some Kind of privacy and decentralized.... Those are the values what can not be counted in numbers or you Can't even measure the real value with existing Fiat Currency.


The value is something what the society considering as a value the biggest value is decentralized it means we Don't need middle man it means the whole world can function better ways and we Don't have to waste Our resources to feed the middle man.

That's something wich has huge value.



Bitcoin real value comes When we Don't measure the Bitcoin with money!





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September 01, 2019, 11:15:54 PM
 #112

What makes Bitcoin valuable? Basically, Bitcoin has value like other currencies. Bitcoin also has the same basic rules which are used to buy something or use it for transactions.

Difference Between Fiat Money and Bitcoin
Fiat Currency has the support of the government, while Bitcoin has not. Because Bitcoin is still not universally accepted and there are still restrictions on the use of Bitcoin. Although not yet supported by the government, Bitcoin is still valuable because it has a large value price. Almost everyone uses it because the benefits of using Bitcoin are very large and very easy to use. Besides being easy, Bitcoin is also very safe, especially you don't need to tell your complete identity when making a transaction.

Bitcoin has a limited supply, unlike Fiat Money whose supplies are unlimited and are often produced. This makes the selling price of Bitcoin very expensive. One of the things that makes Bitcoin the center of attention is that Bitcoin is not controlled by anyone or any government.

The Advantages of Bitcoin
The advantage of Bitcoin is the fact that despite the lack of official support or widespread acceptance, Bitcoin has produced an ecosystem. Where many people are willing to trade and accept it almost all over the World. Even some users feel that Bitcoin is more valuable or more useful than other currencies. Because transactions using Bitcoin do not require a long time and how to use it is very easy. Besides being easy and fast, in Bitcoin transactions there is no limit to the number of Bitcoin that must be sent. Shipping taxes / Bitcoin transactions are also cheaper than bank taxes or other services.
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September 01, 2019, 11:31:21 PM
 #113

What makes Bitcoin valuable? Basically, Bitcoin has value like other currencies. Bitcoin also has the same basic rules which are used to buy something or use it for transactions.

Difference Between Fiat Money and Bitcoin
Fiat Currency has the support of the government, while Bitcoin has not. Because Bitcoin is still not universally accepted and there are still restrictions on the use of Bitcoin. Although not yet supported by the government, Bitcoin is still valuable because it has a large value price. Almost everyone uses it because the benefits of using Bitcoin are very large and very easy to use. Besides being easy, Bitcoin is also very safe, especially you don't need to tell your complete identity when making a transaction.

Bitcoin has a limited supply, unlike Fiat Money whose supplies are unlimited and are often produced. This makes the selling price of Bitcoin very expensive. One of the things that makes Bitcoin the center of attention is that Bitcoin is not controlled by anyone or any government.

The Advantages of Bitcoin
The advantage of Bitcoin is the fact that despite the lack of official support or widespread acceptance, Bitcoin has produced an ecosystem. Where many people are willing to trade and accept it almost all over the World. Even some users feel that Bitcoin is more valuable or more useful than other currencies. Because transactions using Bitcoin do not require a long time and how to use it is very easy. Besides being easy and fast, in Bitcoin transactions there is no limit to the number of Bitcoin that must be sent. Shipping taxes / Bitcoin transactions are also cheaper than bank taxes or other services.



Bitcoin is supported by government and banking.


Do u really Think that big Names like coinbase Can operate in USA and dealing with Bitcoin and providing  Bitcoin Buy/sell options bank card...
If the Banks Don't like Bitcoin They Will Block coinbase bank card transactions.

Bitcoin is built on powerful high tech military platform... Are we really think that some Old guy named Satoshi just created this... Some nice day... Lol

So the Banks and government supporting Bitcoin, its time to undestood this!!


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September 02, 2019, 01:08:08 AM
 #114

Bitcoin's value is determined by its market price and demand level. Bitcoin has emerged out successfully since its inception and in almost all cryptocurrency pairing, Bitcoin can be seen. It has become a standard of measure for the market trend because when Bitcoin goes down, the entire market seems to be affected. This is the value of Bitcoin.

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September 02, 2019, 08:03:51 AM
 #115

The technology on which bitcoin is built upon is what makes it valuable. This was the article which I first read about bitcoin and blockchain which gave me a brief idea about blockchain and bitcoin https://www.appventurez.com/blog/blockchain-understanding-its-basics-and-how-it-works/. This will give a brief idea about blockchain and bitcoin which will help us in understanding bitcoin and blockchain in a good manner. If Bitcoin is Github then Blockchain is Git.
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September 02, 2019, 02:17:13 PM
 #116

There are many reason, why Bitcoin makes valuable nowadays, it's because of the investors and the supporters of it. Bitcoin has very secured transaction system and it's first decentralized currency.

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September 02, 2019, 02:47:51 PM
 #117

Recently I've read a good post on Medium about what gives money and cryptocurrencies like Bitcoin value. Here it is - https://medium.com/@wesleybos/why-are-cryptocurrencies-like-bitcoin-valuable-2fea255b1bc4. To become valuable, the currency needs to have:
- divisibility;
- portability;
- sustainability;
- intrinsic value.
And Bitcoin possesses all these feature.
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September 15, 2019, 11:45:48 PM
 #118

The biggest thing for me would be not having to go through the hassle of connecting your bank to your payment processor of choice. Bitcoin I can get paid just by giving an address. I can also buy things with ease. Before there was no way for me to properly pay for things but with crypto that is all avoided and you free to buy as you please. I just wish more places would accept it. That would complete it for me and make it much better.



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minersday
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September 15, 2019, 11:55:47 PM
Last edit: September 16, 2019, 12:07:20 AM by minersday
 #119

Blockchain technology is the main reason why Bitcoin is valuable.  It defines the true purpose of Bitcoin as a decentralized digital cash operating on a platform that eliminates how financial transactions are made for goods and services. The idea and relevance of Blockchain technology is the definition of the value of Bitcoin. Once you understand the purpose of blockchain technology, you will know how valuable bitcoin is and would be...


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September 16, 2019, 04:17:28 AM
 #120

I think that makes the price of bitcoin has a very expensive value because bitcoin has a very high demand and is influenced by the existence of a limited total supply so that the price of bitcoin can be very expensive like this.

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