How Bitcoin Has A Value?

[Cammer 4609]

Hello dear members. So this is a question to all of you. Where does Bitcoin get its value from? I mean, it's an online currency, how does it have a value?

[Ch Ayyan 9781]

I think  you are talking  about  bitcoin  price and rate. There is no authority  who control  it's price its price  is controlled  by if its users.  If too many  people  purchase  it its price  goes up. When there are more sellers  price decreased. 

[Zaino34 0]

Bitcoin currency gets its value through the supply and demand of the currency. The more the demand for the digital currency increases, the higher its price, and this determines the price of currencies in the market. Through this rise and fall, people make profits from that.

[pablomarwan 3082]

I don't know the price that started installing it on any platform. As the first currency, I suspect that many investors have taken advantage of the opportunity, and as the number of investors increased, its value increased. But that was based on the process of supply and demand until the price reached the state now

[Mcd0d0 5882]

Well at first, the price of this is just a small amount which is $0.03 something and for having an users of it, the demand are getting high and the price of it are being affected so that the price of it are reaching the five digit money in dollars.

[Honny143 13612]

 In my opinion bitcoin prices considered demand and supply theory, because is limited supply, and other thing is bitcoin mining its very complicated to mine bitcoins, this is the another reason to make bitcoin prices valuable,hope we see good prices in 2020 year ending.

[gkapoxm 84]

Because of the demand of the market. People want to buy btc, so who sells can ask for more. Its the law of the markets. Demand and supply. And BTC is an tradable asset in P2P and exchanges.

[tienda 8776]

In my opinion I think the bitcoin has a value because of the investors who are interested in investing on it, and from 2017 when the Bitcoin price reach 19400 to 20000 high price, there are many who are interested to it because in this time many people converted to rich because Bitcoin.

 

 

[Nezar 7169]

I think bitcoin gets its value from some of the exchanges that have been supporting it since its inception and also is getting support from many countries that use these currencies.

[Raqeebzy 6456]

Bitcoin like most of fiat currency values increases as the startups, usage, more people accepting them as  a form of payment increases.Bitcoin and other cryptocurrency was been seen as the alternative to other fiat currencies. 

[Rickso 768]

On 3/22/2020 at 12:26 PM, Cammer said:

Hello dear members. So this is a question to all of you. Where does Bitcoin get its value from? I mean, it's an online currency, how does it have a value?

bitcoin takes his value mainly from the blockchain technology, but for now it is only a speculative tech so people is giving his vale just because they believe in this and they think btc will be used in the future 

[Trader21 1199]

In my opinion it takes own value from this technology. More than that People trust this world, and they invest here. It is not exaggeration to say that, BTC and this world will be used in the future.

[le.me.alisa 1]

Yes absolutely i totally agree with you i am also a new member and is learning about crypto world but i think it is greatly dependent upon its demand and supply and also on mining because they greatly depend upon their mining.

[rekter 8129]

On 3/22/2020 at 1:26 PM, Cammer said:

Hello dear members. So this is a question to all of you. Where does Bitcoin get its value from? I mean, it's an online currency, how does it have a value?

All the money at the moment that are thrown in are speculative investments. There has never been anything like this in the markets before, tech like this hasn't existed before and people are investing into scarcity of it. The future of bitcoin could be far bigger thing then the whole internet before this. And this isn't just about money, it's about revolutionary tech.

 

Of course in the bottom of it there are also the mining costs, and how we have to cover them to have any base value from where to rise.

Edited March 26, 2020 by rekter

[Brand1 1336]

I think bitcoin gets its value from an exchange and specific people have supported it and supported its project and funded it since its inception in 2009.

[Ali_hmwi 966]

From buying if alot of people buy something in the market the price will go up and if they sell it that means they don't need the coin then the price will dump.

[Wazman 10]

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.1 There has been a lot of talk about how to price Bitcoin and we set out here to explore what the cryptocurrency's price might look like in the event it achieves further widespread adoption.

[Mandagi 16]

I think what you are trying to ask is how suddenly do Bitcoin gain so much value as it is now when it's just an ordinary online money.

I think it's because most organization with high reputation accepted it from the onset thereby increasing it demands since they want people to pay for services with Bitcoin and suddenly more and more organizations, countries and many more enterprises now embrace the use of BTC.

So I think this is certainly how it got its value.

Edited March 27, 2020 by Mandagi
Repitition of words

[Virgil dijk 1431]

Well for me I think bitcoin value is based on the demand and supply Because if the demand of bitcoin is very high then you see the price will rise to the moon but if there is much supply everyone start selling thier coin then the price will dump .

[Gaurav kumar 972]

As it was started to resolve the fiat currencies. And as the time flied the demand for Bitcoins and cryptocurrencies began to grow. As the demand was growing it developed a good value for itself and now the demand for the Bitcoins in the market determines it value.

[BTC Future 3946]

Bitcoin price is subject to the laws of supply and demand. Production cost matters as well, as right now it has an average cost of around $7000, although many major miners have managed to lower the cost down to $2000, by negotiating favorable terms with their power supplier networks. Most of these miners are located in China. Also Iran has really low energy prices, and there is much interest for mining in this nation. Hopefully we won't see concentration of mining in just 1-2 countries and this kind of centralization won't happen.

Edited March 29, 2020 by BTC Future

[Calvinpriva 17296]

Bitcoin has become valuable after been known by some internet users. Many of them started to trust it and use it after saw it grow day by day, they start trading with it and other make it as their main business. They started bitcoin projects including trading sites, exchanges, wallets and others. Thats how bitcoin become popular.

[bentayebsalah 2280]

Bitcoin depends on setting an auction price and if there are more buyers the price increases and if sellers are more the price drops

[Omar Ommeish 4872]

My friend, everything in the world depends on supply and demand. The more supply, the lower the price, the more demand. The higher the price, and this relates to all currencies and materials.

[Bruno52 1141]

Bitcoin gets its value according to the extent to which it is demanded by people that is if more people demand bitcoin and are using it, it's value will rise but if less people demand it, it's value will fall.