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Gooooku

I would like to know your opinion

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The big point with Bitcoin is the limited amount of coins.

On the opposite, governments keep printing more and more fiat currencies.

 

I think that it is the main reason of its value

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I think the main reason for its growth is that those who had a lot of it started speculating, and because of that it started to grow and became popular, which involved more people buying it. This was a long process with many factors.

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Several aspects make it the most popular and chosen currency and it is that it was the first currency to circulate on the blockchain and the sale of a pizzas detonated its worldwide interest. Although it is not the most expensive currency, everyone wants to have it since in the future its value could go through the roof.

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Bitcoin can be understood as digital gold due to its scarcity, since there will only be 21 million bitcoins, as well as the difficulty involved in obtaining them, through a process known as mining, in a simile with the activity that allows obtaining precious metals and minerals.

 

However, it is superior because, being a digital native asset, without intermediaries, it offers the possibility of exchanging value through the network, but directly, without trusted third parties that certify the authenticity of the gold or validate the coupons on it, or to "update our account statements" in the current banking system.

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Because we can always print money, this is why money don't grow up. Bitcoin however is limited, in few years we will reach max supply and we will only be able to trade to get some. this is why you should get as much as you can and be ready to sell them in 10 years. HODL. this is the word. You will be happy trust me. now just try to accumulate.

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The tremendous growth of the price of bitcoin over the years can be attributed to it's value and demand. People are now aware of it's intrinsic value. It is a digital gold. 

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On 6/17/2020 at 10:43 PM, Gooooku said:

Well i just joined cryptotalk 4,5 months ago and i was irregular because i didn't know alot of things about crypto world so then i went on a research about crypto and i still think i missed some part of it . We all know that the world wants bitcoins because if its value . So my question is how the value of bitcoins has such tremendous increment in these past 10 years  . What was the reason is it because of there are limited bitcoins or some other reason . In these 10 years not any country's currencies has such increment like bitcoins 

Because it's decentralized financial system that is working independently from central banks of the world. It was need to people. Because people was tired and didn't believe to financial giants all over the world. Now people very happy, how said legendary Satoshi - bitcoin is a money for poor people.

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I'm still too early here and the crypto world to be said to understand, but at least seeing Bitcoin make the crypto world what it is today is one reason why more and more people are joining or participating in it.

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Much of this is because it is limited and its network is quite secure, this makes people buy this crypto and create volume, it became more and more famous and thus grew to + 10k dollars

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Bitcoin offers an efficient means of transferring money over the internet and is controlled by a decentralized network with a transparent set of rules, thus presenting an alternative to central bank-controlled fiat money. Bitcoin the reason why is increasing value is due to scarcity is the key to the maintenance of a currency's value is its supply 

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We can see a major difference, of course, if we can compare the bitcoin 10 years ago, now bitcoin has a decent position in the internet economics and most people use it and trust it

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While I'm not the most knowledgeable as to the why it grew so much in such a short time in comparison to other currencies I think that the fact that it is a scarce resource completely free of intermediaries contributed to that add this an insane amount of hype surrounding it making it reach the minds of the general population bringing as the alternative to normal to money probably caused that but I'm sure there are people in here that could answer your question a lot better than I can right now but it's an interesting discussion to be had if I do say so OP.

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Well, it is true that bitcoin has the limit, it is also worth a lot because something relatively new, always supply and demand, that is, the traiding gives value to this currency.

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On 17/6/2020 at 15:43, Gooooku said:

Bueno, me acabo de unir a cryptotalk hace 4,5 meses y era irregular porque no sabía muchas cosas sobre el mundo de las criptomonedas, así que hice una investigación sobre las criptomonedas y todavía creo que me perdí una parte de ellas. Todos sabemos que el mundo quiere bitcoins porque vale. Entonces mi pregunta es cómo el valor de los bitcoins ha aumentado tan enormemente en estos últimos 10 años. La razón es porque hay bitcoins limitados o por alguna otra razón. En estos 10 años, ninguna moneda de ningún país tiene un incremento tan grande como los bitcoins 

The answer to your question is simple, the reason is because bitcoin is limited, every day it is more difficult to mine it and above all because Bitcoin is a currency that is highly trusted by users.
I want to share with you that the fundamental principle for Bitcoin to have been successful and any cryptocurrency to be successful is the trust that people place in it, without trust there would be no value and if bitcoin had no value it would never be as limited as it is today in day.
Another reason for the exponential rise of bitcoin is because within the fundamental aspect of the same part, the basis of almost the vast majority of cryptocurrencies that we know today and that is decentralization and p2p transactions.
If bitcoin could be available to any government or institution that regulated its price, issuance and use, then it would never have reached the price it has in these years.
Without bitcoin the blockchain would never have been created and without the blockchain none of the transactions we carry out on a daily basis would be anonymous. All this sum of characteristics make Bitcoin a special currency, a unique currency, the currency with which it all began.
Well, from there he started from the base that if a person adopts a cryptocurrency and it becomes popular then the more people market it and are willing to pay a high value for it, for that reason it will be so expensive and limited to get.

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i think that btc has become a valuable asset because it cannot be reproduced without control as is often the case with fiat money, generating confidence in its users and provoking speculation about its future value

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Similar to any investment you have made, buying bitcoin is a risky business. It is still very much a gamble. This cryptocurrency carries some well-known risks: The price could drop precipitously and one online hacking or crashed hard drive incident can wipe out an investor’s stash of bitcoin, leaving you with no recourse. So my advice is to invest but carefully

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The price of Bitcoin is worth what people are willing to pay for it. In other words, given its digital and decentralized nature (it is not regulated by any bank or country), the only factor that determines its value is the one established between supply and demand.

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2 hours ago, Mahmood9655 said:

Bitcoin has spread significantly over the past few years and that has raised its prices dramatically, and this is due to that. The prices of cryptocurrencies and Bitcoin depend on supply, demand and speculation.

Exactly, the market sentiment greatly increases the value of the assets, also bitcoin is an innovative and very practical technology, they are characteristics that make it more and more popular every day, until it is fully globalized. 

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Crypto currency is has the highest value than any other currency and I don't think that any other currency is going to compete with it in the near future. So now is the time to make benefit of it

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There are different reasons why it has growth, but I think a big reason is that there is demand, in addition, there is news about it, and the more positive news, the more growth, there is a ban on negative news, there is a fall, on positive news, like a new cryptocurrency entered the blockchain, or some company legalized bitcoin.

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Coins and tokens are working in crypto market because each coin or token has its own team and projects and also use of that coin there fore it has different value and performance I saw many coins has granted much profits.

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