why does bitcoin have value reddit

Last Updated on July 23, 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

Bitcoin has value the same way anything else has value; because your mind perceives it valuable in some way and for some subjective reason. All value is …

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

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.

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

The real value is in the fact that it’s a decentralized medium of exchange. Like digital gold. You’re holding a completely different asset not …

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.

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 …

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.

Why does Bitcoin have value (2/3) : r/yobicoin – Reddit

Bitcoin has value because Bitcoin is useful. In the Bitcoin network, you can quickly and cheaply send a large amount of money anywhere in the …

Paganoto

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