Does Bitcoin have any real value?

[kayode10]

Bitcoin has apparent value at present the price is driving by the law of demand and supply. It was in the early days in which bitcoin has real value because it was backed by gold when it was first introduced into the world. It gradually increase in value as the price of the gold go higher in the marketplace.

 

[Shigobad2020]

The day there is no internet in the world, there will be no bitcoin, but don't think we will experience that yet because bitcoin may be totally accepted in the next century.

You are quite right , the use of the internet is the only reason why bitcoin has been into existence and also emerged and without internet , there wont be anything called crypto currency.

 

[CeeJase]

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.

Most of these government actually are afraid of what their Fiat currencies is going to be like today if they approve the use of Bitcoin and other cryptocurrency for all manner of transaction.

 

[Syldan]

Bitcoin has value and the value of bitcoin will continue to raise as long as there are people who are ready and willing to go for the purchase and market transactions of bitcoin.
Yes and No can be the answer because it depends on how individuals have different opinions about the operation of bitcoin. It may have value as a result of people interest in it. And may also have no value when people do not invest in it.

 

[Skysaint]

Bitcoin is a digital asset not a physical one and yes it has value because you can convert or use it to purchase all those you have mentioned such as gold, fiat currency, and other physical items.

 

[CeeJase]

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.

The government of our country and all over the world are seriously fighting cryptocurrencies because they are afraid of the implication it might have on their Fiat currencies.

 

[joy101]

Yes of course, bitcoin has a great value when you come to investment the value of bitcoin cannot be compare to other cryptocurrency, that is why many people like investing on bitcoin.

 

[ahmedo24]

Bitcoin remain the most expensive and the makes it to be the most valuable coin. If it doesn't have value I am sure the entire market will be down by now because it is the strength.

 

[Bookwormlux]

Sure Bitcoin has got enough value, just like other coins. This is what makes it unique and acceptable payment method by so many people all over the world. That's why it'll continue to go high in price.

 

[Felixko]

bitcoin doesn't have physical value because it is the traders and investors that gives bitcoin value. bitcoin is one of the popular coin in the world because it now turn a source of income to many people.

 

[Syldan]

Yes, bitcoin had a value even though it depends on individual have knowledge about it operation. some can day it does not have because the value depends on the approval of it existence by the government.

 

[Sincerem]

Bitcoin was created to be a substitute for fiat currency's which uses gold as their value for transaction. The crypto currency is a decentralized digital currency that operates from the investment and trades of the crypto currency which amasses more value, due to it's limited number available there would be a constant trade as it would enable the value of crypto currency to be more sustainable.

 

[Syldan]

Well to me, bitcoin does not has any real independent value. The value of bitcoin, greatly depends on the approval and the disapproval of the government in it operation. When the government declared the use of bitcoin as illegal, the value will collapse.

 

[Sotherefore]

Bitcoin was created to be a substitute for fiat currency's which uses gold as their value for transaction. The crypto currency is a decentralized digital currency that operates from the investment and trades of the crypto currency which amasses more value, due to it's limited number available there would be a constant trade as it would enable the value of crypto currency to be more sustainable.

Well bitcoins value is extremely high as at now, more people are adopting, making it more valuable but the only thing is that the price of cryptocurrency like the BTC may not really be predictable. It's rises and falls.

 

[tyrim88]

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?

one of the thing we have to understand about any cryptocurency is that its value does not have any underlying base for its pricing,because the value is hugely determine by market forces.

 

[Syldan]

The value of bitcoin is attached to the approval and disapproval of the government. whe ever government prohibited the operation of crypto, the value will fall.

 

[Josephjossy]

I believe that bitcoin it the highest crypto currency in the world right now and it value is much more than any other crypto currency in the world. Every day, thousands of people buy bitcoin and thousands sell bitcoin.

 

[Ononivami]

The value of bitcoin is nor fixed it Is subjected to fluctuations. The market
Value depends solely on the demands and supply dynamics. This is how the prices of bitcoin is determined.

 

[Bookwormlux]

Bitcoin sure has some value and this is why we are always seeing it go high always, even though it use to fall sometimes, but it does recover faster than other coins too.

 

[Syldan]

Well, sometimes it does, though the value of bitcoin greatly depends on the approval and the acceptance of the government to operate because when ever the government decides to banned the operation of bitcoin, it value totally collapsed.