Does Bitcoin have any real value?

[Deleted member 403]

Bitcoin is not guaranteed by gold or any other material object, and it is not underpinned by any fiat money. It makes me question whether I should trade in or HODL Bitcoin? Thinking about this further, Bitcoin does not require any sort of "backing." It's a huge asset. It serves a purpose. It's worth something. It is in high demand. And after all, there is a market cap supply. What do you think?

 

[eLdavis]

True Bitcoin has no backing, personally I feel Bitcoin has value because we the investors and traders give it value. The amount of trust we have towards the coin it self and the things we use it for is what actually gives Bitcoin it's value. Once demand and supply of Bitcoin stops, it would be completely useless.

 

[Shigobad2020]

True Bitcoin has no backing, personally I feel Bitcoin has value because we the investors and traders give it value. The amount of trust we have towards the coin it self and the things we use it for is what actually gives Bitcoin it's value. Once demand and supply of Bitcoin stops, it would be completely useless.

The bitcoin investors are the people evaluating and valuing bitcoin and i the crypto currency and that's why bitcoin keeps increasing and decreasing because of its volatility nature,

 

[Trexxxy]

The truth is bitcoin will always value, even if the price drops to $100. It is at a point now where it doesn't need influence like fiat currencies, economic policies and whatnot can affect it. Many more years to come, bitcoin will still be valuable.

 

[Smiles20]

The reluctance of so many governments to openly about the Bitcoin project has made a lot of people not to trust it and rightly so. Meaning of bitcoin to so many people right now is a risk and as such you should tread carefully.

 

[tyrim88]

Though there is no fundamental base to peg the value of bitcoin as a source of exchange or mode confirming business transaction due to its underlying nature,but it is users that will create that value for it,and that is what has happened to bitcoin.

 

[Justin]

Practically speaking, bitcoin does not have any value. That's because the moment government decides to make it illegal, the value will become zero. China has done this multiple times. The value of bitcoin is there as long as it is being created and traded by the community.

 

[btaliat]

Anything that serves as a medium of exchange or even asset doesn't have any value. The value they hold is determining by the traders. This will tel you the reason why bitcoin that is sold for $1 some times ago become close to $50k now.

 

[Bookwormlux]

Bitcoin has value as long as there are people who are willing to purchase it. Especially now that there is high crypto currencies adoption all over the world, Bitcoin is gaining more value.

 

[Laurentta]

Bitcoin has no physical value in it's own. It is the investors and traders that are giving bitcoin value. It will continue to have value as long as people trade with it.

 

[Shigobad2020]

Gold is one of the business out there thats guarantee and the autenticity is a hundred percent real, though bitcoin is not guarantee because of its volatility in nature but i still believe it has value.

 

[Stnicholaz]

True Bitcoin has no backing, personally I feel Bitcoin has value because we the investors and traders give it value. The amount of trust we have towards the coin it self and the things we use it for is what actually gives Bitcoin it's value. Once demand and supply of Bitcoin stops, it would be completely useless.

You are spot on. Even the so called gold is very value because we gave it value. Technical we can survive without gold as humans but we have attached lots of importance to it. Once the supply and demand for gold stops it would be completely useless.

 

[Ebro01]

Bitcoin is one of the best and the most popular coin in the world trade market. In trading cryptocurrency Bitcoin is valued and easy to trade.

 

[Thinker009]

Yeah Bitcoin have a real value ,that's the reason you see the price rising and investors that invest would make the necessary gains the actual way they want to ,Bitcoin is a promising investment

 

[Dagm1]

Bitcoin has no intrinsic physical worth. Bitcoin's value is determined by investors and traders. As long as people trade with it, it will retain its worth.

 

[Setho]

A lot of companies in the world right now including top government officials are not in the support of Bitcoin. This makes it very difficult for it to be adopted and fully implemented in our day-to-day life as such there is still a long way to go.

 

[Adecyptii]

Bitcoin has no physical value in it's own. It is the investors and traders that are giving bitcoin value. It will continue to have value as long as people trade with it.

Yes this is a factual statement and I believe that is it, bitcoin does not have a specific value but its value depend on how investors and traders use it.

 

[Justin]

You see value in a bank note because the central bank, a government agency, guarantees the value. However, the value of bitcoin depends on the market, it has value as long as people see value in it.

 

[Bookwormlux]

Bitcoin has real value, and this is because a lot of people have realised that it is a better way of getting returns for their investment instead of waiting for government and banks.

 

[HayKay]

The value of Bitcoin cannot be underestimated I tell you. Not only is it so valuable, it's limited in supply so it won't go on being mined forever just like Fiat currency that you can keep printing anytime.