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Author Topic: What Makes Bitcoin Valuable?  (Read 4569 times)
anoufal
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September 16, 2019, 11:40:15 AM
 #121

It's simple, investors make bitcoin valuable
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September 17, 2019, 05:12:27 PM
 #122

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.

It is expensive also for one more reason. There aren’t enough Bitcoins for everyone and it comes from the fact that only 21 million bitcoins will exist in total and not a coin more. Now about 7.7 billion people live on the planet, and if you give each of them one BTC, then they will be enough only for zero 0.27% of the world's population. Many guys have already accumulated much more than 1 BTC, on some wallets coins are kept in thousands.
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September 17, 2019, 09:15:46 PM
 #123

Bitcoin is valuable because it has the potential to meet the needs of all people. Bitcoin has the potential to change peoples life. When bitcoin is expensive there are lots of bitcoiners become rich because they found out that their money can multiply if the price is expensive. So many rich people and business minded persons join here because they can earn multiple times if they know already how to walk in bitcoin world.
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September 17, 2019, 10:00:53 PM
 #124

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 did not yet spent time to read this book but I think through its history we can say that bitcoin is more valuable and worth to invest in. Bitcoin has grown rapidly especially in the past years because of its high demand. But I think it's good  to read this book to really add information and to educate yourself more about cryptos especially bitcoin.

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September 18, 2019, 04:52:56 AM
 #125

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.

That is what bitcoin made popular to people not just because of its high value. Anyone can use bitcoin, send them anywhere and anytime. Banks requires some papers and information just to do what you want. Bitcoin has low fees compared when you used banks for transaction.
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September 18, 2019, 05:18:23 AM
 #126

Limited total supply the reason why bitcoin have value and always become higher price at the future, support by many companies will make bitcoin become best investment assets.
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September 18, 2019, 06:23:15 AM
 #127

Valuable feature for bitcoin price growth is transparency and limited number of coins supply because of these two features bitcoin got lot of demand

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September 18, 2019, 04:16:00 PM
 #128

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 did not yet spent time to read this book but I think through its history we can say that bitcoin is more valuable and worth to invest in. Bitcoin has grown rapidly especially in the past years because of its high demand. But I think it's good  to read this book to really add information and to educate yourself more about cryptos especially bitcoin.
Summarizing and giving the final result, the value of bitcoin depends very little on the potential or features that it provides, what makes the value of bitcoin is the opportunity and creativity of investors and developers, Bitcoin is just a beginning, the rules and the mode of operation of the market are given by investors, especially large investors. After that, the developers used those plans that were unique and consistent with those rules, creating more activities for the market, and of course, Bitcoin was still the basis, and born continuously like that, Bitcoin has become a symbol and platform for the market, which is also a factor that makes bitcoin valuable

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October 01, 2019, 08:34:04 AM
 #129

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.
Supply and demand is the basic answer for this. If you know this on how it works, you will know how bitcoin valuable.Also, the value of bitcoin is depends on thr potential or sone features that actually provides for the people. The investor and  developers makes some creativity and thats how it gives value. We come up with some opportunities to earn and invest with the used of bitcoin.

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October 01, 2019, 03:38:47 PM
 #130

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.

The way fiat works is too old compare to bitcoin, fiat is a slave currency which the Government and bank are its master. You don't have a real freedom in fiat, if anything is suspicious about you, the bank will freeze your account or even close your account which is the exact opposite of bitcoin. Bitcoin let you to have full control of your fund, you could open you wallet anytime to check your balance or to make transactions, anonymously, unlike banks that have a database for that, and I think that's what makes bitcoin valuable to me.

 
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October 01, 2019, 06:13:09 PM
 #131

The main source and only source of the valuability of Bitcoin is the concept of decentralization and blockchain technology.  Blockchain technology presents the backbone of Bitcoin and any other cryptocurrency. Bitcoin introduced blockchain technology and blockchain technology also explained Bitcoin provides financial freedom through decentralization.  This is what makes bitcoin valuable...

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October 01, 2019, 07:03:42 PM
 #132

There are quite a number of things that make Bitcoin valuable. One of the few points I would like to highlight is its Limited source, and the Blockchain Technology. The beauty of this is one of the many reasons why a great number of people are will to risk it all for the coin and invest in it, which further increases its value.

 
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October 01, 2019, 09:49:35 PM
 #133

what makes Bitcoin valuable is the inherent technology that it is developed with, call the blockchain. With blockchain technology, there are many revolutions that can take place. thanks to Satoshi Nakamoto, the inventor of Bitcoin, we have access to this beautiful technology. Therefore, investing in Bitcoin is smart because it is the future.
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October 01, 2019, 10:06:02 PM
 #134

People find it of use, for what they think it is worth. Therefore, people give Bitcoin value.
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October 01, 2019, 10:55:51 PM
 #135

If you have understood the philosophy of bitcoin, you have also understood what makes it valuable. How fair is the production of the world's central currency in the hands of a single country? The rich become richer, the poor become poorer. Thats not fair!
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October 01, 2019, 10:57:51 PM
 #136

What makes bitcoin valuable its the offer and demand, while we have people ready to pay for it and people ready to sell them then bitcoin will have a price on the market. If you ask your self why bitcoin gets up to $20k? that was because people was ready to pay $20k for it. So, it's all about offer and demand.

The blockchain technology doesn't give the price to bitcoin, it only makes from it a fair deal.

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October 02, 2019, 02:11:53 AM
 #137

First Bitcoin already helped a lot of people all around the world especially in terms of financial aspects,
and also its usages can give benefits to anyone who use it most of the time, like in sending money, savings,
and investment.
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October 02, 2019, 03:55:34 AM
 #138

Demand is why bitcoin valuable, many people still trust with bitcoin on the top price above $20k and have higher trusted with bitcoin for keep holding until raised the price want, before raised to higher price never want to sell.
Indeed. The demand is the reason why bitcoin became so valuable that makes a lot of people to buy bitcoin. Even bitcoin have dropped it's price from $20k in the year of 2018 a lot of people still believes that bitcoin will recover it's price to $20k again. Bitcoin also helped a lot of people who does not have any source of income that makes it more valuable.

 
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abel1337
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October 02, 2019, 05:52:53 AM
 #139

Demand is why bitcoin valuable, many people still trust with bitcoin on the top price above $20k and have higher trusted with bitcoin for keep holding until raised the price want, before raised to higher price never want to sell.
Demand is just a factor of it. There are many factors why bitcoin makes a valuable price, another factor is the adaptation of it and the acceptance from named businesses and personalities. Making it accepted in every country makes it more valuable because it can cause more accept and open their mind by using it that causes the pump to its price. + the common hype that makes people buying it.

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tuanvie
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October 02, 2019, 01:31:28 PM
 #140

1-Number of specific
2-To be based on math
3-Produced by the community, not by a goverment.
4-Completely transparent.
5-Increasing production difficulty
You can think like gold or diamond.
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