Beginning of Bitcoin becomes valuable?

[Dormilon 2183]

On 1/5/2020 at 8:57 AM, hmind said:

We all know the history of Bitcoin when it was made and who it was supposed to be used for.

But one thing that still hangs in my mind is what makes bitcoin valuable, in other words is there information about the first time that Bitcoin was valued and become valuable?

The BTC sef became famous as people realized its potential as a trade alternative to fiat money, the one used by countries as local currency for financial transactions, over time the trust in it grew and therefore Therefore, its price and value grew, today it is the currency par excellence to do business on any platform and the most sought after to protect our financial assets.
Thousands of users over the years have opted for BTC to obtain benefits and that has made its growth gradual, it is expected to continue like this for many more years.

[lokomokokoko 53]

 

Whoever is lucky. It can be both bitcoin and dlrs, but I personally started with xrp. True, it was a successful investment, only I was a beginner and did not trade correctly.

[wesp05 7]

The price of bitcoin will depend on the market, supply and demand, there are millions of people who buy bitcoin daily around the world, as it is the most valuable and strongest currency among all the crypto world.
However, in the beginning bitcoin was cheap, but the Chinese started to buy this crypto currency in bulk, and that's when its price started to rise to such an extent that today it is 11k usd. 

[bogdanoff 3173]

The first price of Bitcoin was very low and the first time it could have said to be worth something it was with the Bitcoin for pizza post of an early developer for Bitcoin. He bought 2 pizzas for 10,000 Bitcoin and perhaps cost in fiat just for 40 dollars.

[cryptolover45 1187]

Hey mate, you ask good question who made Bitcoin valuable, so my answer is we made Bitcoin valuable because Bitcoin concept make Bitcoin valuable in the world.

[Evalyn 8]

Bitcoin's value is given by supply and demand on one part and by miners who invest their time and effort to mine bitcoin. Calculating bitcoin's value is a little differentvthan with stocks where they have quarterly earnings per share. Here with crypto it is mostly of what people are willing to pay compared to it's rarity and use case.Even demand and supply also make it more valuable than other coins. Actually there are many other coins, but Bitcoin remains the first.

[Noghran 0]

Bitcoin was launched in 2008 and was not worth much at the time
There is a funny story about someone who bought a pizza for 10,000 bitcoins
But then its value increased a lot, as I now know that it is worth about 14,000 or 15,000 dollars.
There are expectations that it will reach $ 20,000 by the end of the year.

Bitcoin was launched in 2008 and was not worth much at the time
There is a funny story about someone who bought a pizza for 10,000 bitcoins
But then its value increased a lot, as I now know that it is worth about 14,000 or 15,000 dollars.
There are expectations that it will reach $ 20,000 by the end of the year.

[ajabe2 1485]

One of the major things that makes valuable a coin is massive adoption. If a lot of people know about a coin and the coin offers real value for the general users, then it will get value, also good technology behind that can make the coin valuable.

[Nicole018 4548]

The fact that Bitcoin is a decentralized cryptocurrency makes it very much valuable to all the users. This is because there is no Central authority or monetary authority or any government or country that controls or manages functioning of Bitcoins. Only thing that influence the value of Bitcoins is the supply and demand. the current world knows that Bitcoin has huge potential opportunities and that is why now it is considered very valuable.

[Bond07 166]

On 1/5/2020 at 7:06 PM, Maxtron73 said:

Bitcoin's value is given by supply and demand on one part and by miners who invest their time and effort to mine bitcoin. Calculating bitcoin's value is a little differentvthan with stocks where they have quarterly earnings per share. Here with crypto it is mostly of what people are willing to pay compared to it's rarity and use case. The more bitcoin gets adopted the more the value will rise, because there are only 21 million bitcoins and as it gets used for many more transactions it gets more difficult to have it , so it gets more rare and so it gets more value.

Well explained brother. 

At the beginning time, People bought btc and sold it in a little price when the value was moving just like we trade today. When it became a famous way to earn some profit, More people started adopting btc. And you said what happened after that..

[komtak 584]

bitcoin begins to have price due to those individuals who relied on it and because the years passed by way of many are getting worried with it the price are increasing and it became extra valuable.

[Harazimi 275]

Bitcoin currency is the a large amount of the essence currency as a result faraway and its charge is gritty by reserve and claim and its existence has achieved a foremost improvement in the theme of digital currencies
 

[Chief executive officer band 681]

Bitcoin's meaning is forbidden by the users by retail and advertising it or in succinct to the concepts of furnish and demand. In the miners surface if they concluded the transaction it additionally a reward for them via Bitcoin.

[mohamedpc1 2213]

The strength of Bitcoin lies in the project that Bitcoin brought in, as it will rely on secrecy in transactions, which helped everyone to buy from the Internet without revealing the true identity because electronic banks need to be activated with documents. The reason for its price increase is that it is not subject to the laws of the global stock exchange.

[abdullah553 1981]

On 1/5/2020 at 2:57 PM, hmind said:

We all know the history of Bitcoin when it was made and who it was supposed to be used for.

But one thing that still hangs in my mind is what makes bitcoin valuable, in other words is there information about the first time that Bitcoin was valued and become valuable?

Bitcoin was created by an expert who provided a service to the whole world, and today we are more able to control our money and are able to transfer it quickly between anywhere

[yato987 2811]

it's the first cryptocurrency ever that's why it is the most popular and since it's the most known so demand and supply for it is huge and this is the main reason that control any currency price,  these are the main reasons , even until now  people hear about Bitcoin first then learn about crypto not the opposite , that also plays a huge role in the price 

[Abuhassan 89]

At the beginning when Bitcoin was invented by a name called Satoshi nakamoto no body cares to know the problem it came to solve as he the inventor created Bitcoin for a purpose in order to solve the problem of financial system later it was said that someone purchase a pizza with Bitcoin you can testify that at the beginning it has zaro value but gradually as years passes people start to recognize it potential and benefit up till date that is the reason why the value Bitcoin keep on increasing day by day.

[bhattiumair 250]

friends it is mainly about trust from those invites that invested funds on bitcoin and it is price would crash and because there is some other coins in the market are more expensive.

[RonaldB 48]

Bitcoin went through difficult stages in its beginning, so its price was only a few cents at the time, but it found investors and trusted it and supported it, where the supply and demand increased, so its price gradually increased to reach its highest value this year, it really has revolutionized the economy.

[MT khan 1886]

Bitcoin has huge  history from two thousand eight 2008 and it make himself most valuable the current era is digital and everyone wants to invest their capital by easiest way. Now bitcoin high rate of history 1 bitcoin is equal to 18000$.

[Jhonsy 411]

I am new here and don't have much idea about bitcoin and it's history but your comments helped me slot and I have gotten much information from your comments . Thanks for sharing .

[Khetam 328]

Hello my friends I see that bitcoin has a very good future as it provides material support to some people and may become the most used demand in the future more than coins 

[Emiway 842]

The start of the bitcoin become entirely significant and furthermore to be added that it getting more important step by step for all individuals

[abi001 181]

thank you for providing this knowledgeable and useful information for the beginners like me. as much as I know the Bitcoin is neccesary to know when we have entered this trading and crypto world

[riazpakistani 911]

Dear the value of anything depends on the it's supply and demand. When the Bitcoin was started the price was very less and as it' got popularity and many people involved here it's demand increased and in this way the price of the Bitcoin increased.

@Smsadik420 @Zervanix please add your knowledge if you know anything about this.