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Author Topic: What Makes Bitcoin Valuable?  (Read 4569 times)
Janation
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July 06, 2019, 02:04:31 AM
 #21

Thanks for the book recommendation.

I will be checking some malls close to our place that might have that book. I am not a bookworm but I think I can read this while I am having some free times or breaks. It can also be my sleeping companion.

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July 06, 2019, 02:10:01 AM
 #22

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
I haven't read any books related to Bitcoin yet I do already get the on point purpose on just reading up its Whitepaper on the

first day,it may not be on technical aspects but you can fully understand and get the right idea on what makes BTC as a valuable thing.

Understanding the fundamental properties that make money valuable is not just to help improve your understanding of Bitcoin.
It will also help you avoid all the useless shitcoins out there. More of them will pop up over time, and it's helpful to know whether or not they're actually worth anything.
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July 06, 2019, 02:29:13 AM
 #23

I am not sure if a lot of people here, including those who really want to learn more about Bitcoin, is eager enough to read a book to know Bitcoin more. Most probably, they would just choose the most convenient way. The internet is full of articles explaining point by point what bitcoin is. There are also lots of videos about it. They might just choose to watch a video rather than read a book. It keeps them from sleeping.

 
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July 06, 2019, 02:34:01 AM
 #24

Speculation is the main reason why Bitcoin has value right now.

Aside from the news who greatly affects the price of Bitcoin, investors who are speculating its price help too to make it valuable. If the investors know that it will rise then they will buy and vice versa.

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July 06, 2019, 05:47:55 AM
 #25

Are the information you found on this book cannot be found else where on the internet? And is the information here are just speculation?

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July 06, 2019, 12:28:49 PM
 #26

Are the information you found on this book cannot be found else where on the internet? And is the information here are just speculation?

The information found in the book summarizes the thinking in the Austrian school of economics, it's the foundational book for understanding why money has value, pulling on hundreds of years of economic theory.
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July 06, 2019, 01:10:12 PM
 #27

Bitcoin in my own understanding was a decentralized based system, on which is the reason most of the government by each country hate and opposing it not to regulate also. And Bitcoin also was very useful in terms of sending money thru remittances in any place of the world then can also be use for payment online and others merchants accepted it as mode of payment to their business too.
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July 06, 2019, 01:36:24 PM
 #28

I have not read any books about bitcoin or crypto, but it did not prevent me from trading and understanding how it works
Me too, I never read any books about crypto or bitcoin and only getting knowledge and ideas about it on bitcointalk. I don`t have time to read, I just ride with the flow and make money.
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July 06, 2019, 04:34:23 PM
 #29

I have not read any books about bitcoin or crypto, but it did not prevent me from trading and understanding how it works
Me too, I never read any books about crypto or bitcoin and only getting knowledge and ideas about it on bitcointalk. I don`t have time to read, I just ride with the flow and make money.

"riding with the flow" is a surefire way to never make money
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July 06, 2019, 04:53:56 PM
 #30

Everyone are good in reading books, I personally understand when someone explains to me. Whether it is bitcoin or something else, further when I go through articles it'll give a better understanding. There isn't specific book that gives perfect data relative to bitcoin. These days our forum and news sources were the one that gives more info about the bitcoin and other events happening around.

The value of bitcoin is derived out of the technology as well the decentralized functioning with the limitation on the supply.

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July 06, 2019, 05:31:07 PM
 #31

Yup, I agree in the statement. Some people just use bitcoin because of the value and they don't even understand what makes the value of bitcoin right. So they are just ended up knows nothing about it. Bitcoin is decentralized so there is no government that can manipulate the value, people who invest are the one who's in control of the price/value.
Supply and demand like in the real world is also applied in bitcoin and that's what makes Bitcoin Valuable. Decentralization and Security.

 
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July 06, 2019, 05:49:23 PM
 #32

I have not read any books about bitcoin or crypto, but it did not prevent me from trading and understanding how it works
Me too, I never read any books about crypto or bitcoin and only getting knowledge and ideas about it on bitcointalk. I don`t have time to read, I just ride with the flow and make money.

Reading book kind of things will not helpful for any investor or any crypto service people to survive in the crypto industry. if anyone ask me who makes Bitcoin valuable means I will say we as a crypto community users onely boosting up Bitcoin price up as well as down. However this video is very good for people who wish to learn about it.

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July 07, 2019, 07:04:59 AM
 #33

Imo bitcoin's value is what it makes valuable. People see an opportunity to earn from bitcoin so they invest on it. If bitcoin has low value today I'm sure it won't be popular. If it has no use on the future technology no institutions will acknowledge it. People will find other where they can benefit to it,
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July 07, 2019, 07:19:08 AM
 #34

Bitcoin is the first crypto asset backed by the blockchain. Bitcoin is valuable thanks to the number of users that have it and the number of banks and services which carry it.

Exchanges like Paxful which has low or no fees makes it extremely simple to buy and sell bitcoin for over 300 other payment methods.

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July 07, 2019, 08:39:12 AM
 #35

Bitcoin has value, based on his potential and what it worth, Since ever i have been in the other business apart from cryptocurrency, i have not seen any industrial that face a big challenges and still come out from it, But Bitcoin are still conquer the challenges and have more values in future.
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July 07, 2019, 09:16:11 AM
 #36

A book that I really enjoyed was Digital Gold : The Untold story of Bitcoin by Nathanel Popper. It is books like this that open people's eyes to the potential of this technology and how people are screwed by the Fiat system.

The true value in Bitcoin is summed up into one word, FREEDOM and once you get a taste of that FREEDOM, you just want more and more. The rabbit hole is in front of your eyes and books like this shows you the way to the entrance.  Wink

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July 07, 2019, 09:17:45 AM
 #37

That value comes from the lack of it, simply as that...supply and demand
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July 07, 2019, 09:21:55 AM
 #38

A book that I really enjoyed was Digital Gold : The Untold story of Bitcoin by Nathanel Popper. It is books like this that open people's eyes to the potential of this technology and how people are screwed by the Fiat system.

The true value in Bitcoin is summed up into one word, FREEDOM and once you get a taste of that FREEDOM, you just want more and more. The rabbit hole is in front of your eyes and books like this shows you the way to the entrance.  Wink
Freedom?Bitcoin has not brought to the world not some freedom,but rather forced many people to make extra actions every day that could not do ,I will not list them and you know them yourself.

https://www.bestchange.ru/?p=1037052
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July 07, 2019, 10:03:53 AM
 #39

Imo bitcoin's value is what it makes valuable. People see an opportunity to earn from bitcoin so they invest on it. If bitcoin has low value today I'm sure it won't be popular. If it has no use on the future technology no institutions will acknowledge it. People will find other where they can benefit to it,

Bitcoin's value? It has no value.

We all know that Bitcoin is so expensive so why do I say that it has no value, what I am saying is the intrinsic value of Btc. It has no Intrinsic value that is the reason is you strip the price of USD to BTC, it will have no other value. I think what you mean is the price of it. The price makes it attract other investors, they always want to ride with the hype.

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July 07, 2019, 10:12:20 AM
 #40

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

You can find answers of your question in its features!
Bitcoin is limited and will be only 21 million. So if you compare any FIAT money with it. I think you can understand. Supply-Demand!
Bitcoin is decentralized. So no one increase or decrease total supply. And no one control it!
Bitcoin is transparent. (This is the feature of blockchain actually but valid for BTC.) You can track all transaction easily with blocks.

And BTC has a great community support. All world be aware it potential now.
Yes it is valuable because of us ,
Because we put so much demand for this crypto because we trust it so much and we believe in it.
Because it gives us freedom and anonymity and the supply is limited so the demand would continue to grow.

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