How Bitcoin Has A Value?

[Dimba89 54]

Bitcoin is a cryptocurrency, Bitcoin is a decentralized currency, you can invest and trade using Bitcoin, the price of Bitcoin usually depends on its demand, the more Bitcoin users and investors, the higher its price.

[guatazoo 7150]

On 5/27/2020 at 8:12 AM, Jaysen0104 said:

The use of it makes it have its own value before bitcoin have low value but because of high demand and use of bitcoin in the market it pumps up and it have now great value price point. 

I think currently bitcoin was supposed to be worth about $100k, because in 2017 when bitcoin was touch to $20k there was a lot of demand of it because many of people was started to get in touch with it, but it was start to drop fro $20k because of some countries to ban bitcoin so that's the demands was reduced somehow. 

[Dark_Sky 8489]

On 6/22/2020 at 3:43 PM, Dimba89 said:

Bitcoin is a cryptocurrency, Bitcoin is a decentralized currency, you can invest and trade using Bitcoin, the price of Bitcoin usually depends on its demand, the more Bitcoin users and investors, the higher its price.

That's right and the bitcoin price is not stable that's why it can change as time goes by also the price of it is really hard to predict because it can pump to low and high value. 

Much better if you always check the price of it in the market before doing transactions. 

[Sarahden111 1231]

The answer is because of the project and the technology based on it or because of the blockchain on which it is formed and the elimination of the need for a third party to complete the transfers such as banks and others.
Where the conversion is made directly between two people or two parties within any region of the world, which made it high in value.

[yato987 2811]

it depends on demands and supply in the market , when a lot of people use a specific currency that gives it more value than the others and bitcoin is the most popular coin now so that is why its price is very high

[Astrovicky08 6]

This topic is most informative to know the value of Bitcoin. Bitcoin value is based on the online investing and trading of products. Demand of online trading can increase the value of Bitcoin.

[el-Muhammady 718]

Bitcoin has a very powerful project and there is no one that controls the value. The value only depends on the users of the coins in the market, when there is high demand of the coin in the market definitely the price will rise and investors will make good profit to there wallets.

[Alex9876r 1408]

First, its value comes from its unique and strong project, firstly, and secondly, through the continuous development of the used blockchain And also from the process of great demand for it and a large storage by everyone and trading in the remaining part and thus this matter makes it very limited and required and thus its price is high

[Yomose 3704]

On 5/27/2020 at 3:06 PM, Treat1234 said:

The value of Bitcoin depends on demand since when Bitcoin was launched the price was very small no body thought the value will reach such amount .the main value that determines Bitcoin is demand .

You are right, the value of any coin depends on the demands but also on the supply, the supply should be very limited. If the supply is unlimited, the demands may not have any effect on the price. 

[Mwangi 5611]

I think bitcoins value comes from the way it has been curated , it has been curated in a way that bitcoin will increase value with its halving and thats what happened, though when this was about to happen , the whole bitcoin story was halved and its price started going up  , but this was after it had plunged down a number of times , it fell from 10,000 to 3500$ that was scarcely and in no time after it had been halved it has actually increased in value

[Apollo Crypto 245]

I thought your post was an informative one that can helps me to grow on this platform. But anyway, you are asking about the value of btc ? The value of it depends on how the exchange on market goes. It varies everytime cause we all know that prices of btc goes high and low and nobody can controls it. It will be more valuable if the price or rate of the btc is high and it will be less value when the rate of it is in low. But right know the rate of btc seems great. So we can say the rate of btc right now is valuable.

[bino 3576]

On 3/22/2020 at 7:26 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?

I think it depends to the demand of currency. I read too that its based on the users, company or people who accepted a bitcoin as theit currentcy. And we know that the more people using a certain thing its value will be increased too..

[Dorjoy12 8962]

Bitcoin is a crypto currency so its value depend on it its supply and demand.. At first when btc came to crypto world it price was much low because it has not much supply.. One thing more is, when ever you see a currency Trading volume is higher than 5 billion then its mean the currency has much demand.. So btc value increase for its demand                      

[Irungu 4299]

What drives the value of crypto currencies, is it the way bitcoin moves or is it demand , am voting demand and so thats what happens here, demand and its important we know how this works and the different levels we all can vauch on 

[Irungu 4299]

Bitcoin value has to go up when the same time the time it becomes very difficult to get it , it them it is required to work as hard to understand its value so bitcoin on its own its a time when you are able to really reinstate everything there is nothing to it there is only one thing working as ahrd

[Ridam 7455]

The main factors on which the price of Bitcoin depends is demand and supply.

If demand is higher and supply is low price goes high.

If demand is low and supply is high the price goes low.

And there are other many different factors on which this directly or indirectly depends upon like whale movements, news, adoption process, influencer affect and soon.

In a exchange the price is determined by demand and supply of particular exchanges that's why we see different price on different exchanges.

 

[duncun007 3577]

On 3/22/2020 at 2:26 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?

I think no matter what we all say to you here in this forum you wont understand the full picture, and before you invest your money in crypto you do need to understand why the value of bitcoin went from less that 1$ to 20k.

[bhaiegoo 1517]

We  all knows the rule of business that price of any things depend demand and supply. 

Bitcoin price will increase when their demand increase and supply decrease and voice versa. 

[Mosab73 333]

I think the law of supply and demand is the one that governs the market, so it is natural that if the demand for BTC increases, its price becomes higher and I think that its price from the beginning was not high, but with the increase of investors and the storage of BTC currency, it increased its value, but other digital currencies must tread like the BTC currency

[LaXUS07 14]

Main things about bitcoin is  why it is so valuable is because, Bitcoin is the world’s first decentralized digital currency. Its value primarily comes from it being the first digital currency that has no single person, no organization or authority has control over it. Anyone can buy it, anyone can receive it and we can do many things with it 

[Izeal 4404]

I think during the initial phase some people invested and gained huge profit. Even it was the first cryptocurrency on blockchain technology and the technology is out of world even some government use it.  Due to it's technology and we can earn huge profit many people traded investing and doing trades on them and the value reached so high.

[Solex 2262]

Bitcoin has a bright future ahead and it prize only up and down for some reason, when there is high supply of the coin in the market the prize will automatically go down and when there is high demand that is when the prize go up and investors sell for profit. Bitcoin has Avery strong project which is why it hardly fail investors.

[Projectcrypto 4382]

Demand and supply is the major reason why bitcoin have higher value today as well as the power behind the project, bitcoin has the highest number of investors today, so when there is high demand the value rise high in the Cryptocurrency marketplace but when it appears that supply of the coins is high then it leads to the prize to fall down and for that I will like to advise us working in this site not to sell our talk token immediately when trading start because there will high supply by most of us in the market which will eventually lead to the fall in prize of the token at the beggining.