how does bitcoin have value reddit

Last Updated on November 26, 2023 by Paganoto

ELI5: Why does BitCoins have value? : r/explainlikeimfive

Bitcoins have value because people are willing to pay for them (and of course, people are willing to pay for them because they have value). You have some …

What gives Bitcoin value? – Reddit

Bitcoins derive their value from trust, functionality, and market supply and demand. Bitcoin satisfies all of the characteristics of money: durability, …

ELI5: How does crypto currency (Bitcoin) have actual value?

Currency is based on the value we place on it, it has no real value in of itself. Upvote 1

CMV: Bitcoin is a useless commodity and provides no value to …

Ie, you only know you did well in Bitcoin when your $100 USD investment is now worth $1,000 USD. The coins themselves have no independent value.

Why is a Bitcoin worth so much money how can such virtual …

Bitcoins are perceived to have value, so they have value. There’s a limited supply, so as demand increases, so does price.

ELI5: Why do crypto-currencies have (any) value? – Reddit

Bitcoin has value because it cost money to create and there is a finite amount of it. It wasn’t created out of nowhere, it was mined and mining …

ELI5: What makes bitcoin so valuable if anyone can create a …

Bitcoin can be exchanged for dollars easily enough, your brand new cryptocurrency can’t be exchanged for dollars, so it doesn’t have value.

Bitcoin has no intrinsic value, say many experts. – Reddit

It’s not true. The intrinsic value is the value due to the difficulty of extraction or processing. Extracting bitcoins, or creating new ones, has a very …

Why does Bitcoin have value? : r/BitcoinBeginners – Reddit

Simple answer: Bitcoin has value because people want to become rich off it. Regular currency today has value, but bitcoin is like free money.

ELI5: Why is Bitcoin so popular/expensive? – Reddit

The price of Bitcoin is high because there is currently only 13 million units (divisible to 8th decimal place) so it has to accommodate that with price. If you …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.