Does Bitcoin have any real value?

[Chibson]

What makes me very confident in cryptocurrencies and bitcoin especially is because it is backed buy a lot of billion-dollar institutions and individuals. there are some countries adopting bitcoin as a legal tender and that alone should send the message that it is the new big thing. The level of acceptance is quite very huge around the world

 

[Lens]

The fluctuations around bitcoin doesn't not mean that it does not have the real value. The real value of the bitcoin is what we see on a daily bases as it fluctuate on the price charts.

 

[Setho]

Bitcoin actually has a lot of real-world value depending on how you choose to see it. Bitcoin can be used in so many scenarios as there are some countries like El Salvador that have now legalised bitcoin fill.

 

[Smiles20]

Bitcoin value currently is currently determined by the number of people who are holding it and the people who are utilising it. You can be able to pay for a couple of things using bitcoin right now like 1xbet.

 

[Busybee]

There are various resources utilized to generate and maintain Bitcoins. To generate a bitcoin we all need specialized ASCI machines, we need electricity, and a strong network connection. And the pool of other miners and users who all participate to make the network function. The value of any product depends upon the supply and demand principal. In Bitcoin, we always have a steady and increased demand, but the supply is very limited as the network has increased the difficulty level. So when the balance shifts the Bitcoin price also fluctuates. And I believe the latest rate is the best rate to buy and accumulate a BTC.

 

[Setho]

Bitcoin has a lot of value in the world right now as there are currently two currencies and two countries that have fully localised Bitcoin .

 

[Smiles20]

There are a lot of sovereign Nations that have currently legalized the use of Bitcoin as a legal tender so you can definitely see that bitcoin has some value and it is just a matter of time before more adopt.

 

[Ononivami]

The value of the bitcoin is really affected by the activities of the bulls and the bears on the floor of the cryptocurrency market. The bulls will push the price up whole the bears will pull it down.

 

[Syldan]

Actually in a real sense, bitcoin does not have any real value independent on the market forces of demand and supply. the driving force behind the value of bitcoin is the law of demand and supply.

 

[Ononivami]

Bitcoin as the real but very unstable value. The value if Bitcoin was seen to increase tremendously in whenever there is a very strong buying pressure around the coin. The valueof Bitcoin is very real.

 

[Setho]

Bitcoin value is one that is greatly dependent on how people are using it and I thought whenever there is a high demand for bitcoin you are going to see that the price is going to be increasing and vice versa.

 

[Smiles20]

We have had a couple of institutional investors that have invested heavily in Bitcoin. There is still no mainstream adoption but then we can still be able to say that it has a lot of value.

 

[Setho]

Bitcoin also has value in the real world but then it is not that big because people are not using it for everyday transactions. It is primarily a storage for a lot of people in order to avoid inflation.

 

[zelalem]

Bitcoin has virtually no value. The moment the government decides to outlaw it, its value will be zero. China has done this many times. The value of Bitcoin exists as long as it is created and traded by the community.

 

[Lens]

The value of bitcoin is seen in the cryptocurrency Market. The value that is being traded with is what you will see in the cryptocurrency market and it is very real.

 

[Lens]

The real value of the bitcoin is what we see on in the crypto market. It is at this price that one could buy and sell the bitcoin at that moment. So,bitcoin has your value.

 

[Bookwormlux]

Bitcoin really has a lot of value and this is a major reason why we have to make sure that we are not looking down on the potential that is present at all. We just have to learn what is working so that we don't act ignorantly.

 

[Lens]

The notion of the sceptics on the value of bitcoin is actually wrong. They believed that the value of bitcoin is speculative and it does not have a real value. this is totally wrong.

 

[Ononivami]

The bitcoin has a real value but the only thing is that the value of bitcoin is very unstable due to its high level of location and that is what makes it look as if it doesn't have a real value .

 

[Matan_z]

It doesn't really has a value when you hold it but it can be if you trade it for money and then you earn money from it. But technically it's value can possibly disappear in a sudden way and there won't be anything we can do, because when it happens it doesn't worth anything, ultimately every product is worth money only if people will to pay for it, if they don't will to do it it doesn't worth anything.