Why Is Bitcoin Worth Anything Reddit

Last Updated on February 17, 2023 by Paganoto

Why is Bitcoin worth anything? – Reddit

Bitcoin is worth something because it costs money to mine it. According to miners in the United States from a Forbes article in June of this …

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 …

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

Bitcoin is a mediocre currency with high fees and slow confirmation times. If you’re trying to send large sums across the internet it’s fine, …

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

The bitcoins are secure currency because of the blockchain technology which backs them. This means you can use the currency online and not have …

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 …

What gives Bitcoin value? – Reddit

Bitcoin’s value is completely unknown, and its value is being driven by market speculation; supply & demand. The more people that believe in its ability to …

Someone explain to me why bitcoin is worth so much – Reddit

Bitcoin is worth so much because it is a digital asset that can be used to purchase goods and services. It is also a store of value, meaning …

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

There’s inherent value in Crypto being a medium of exchange that can get around money laundering rules and foreign exchange rules, controls, etc …

Bill Gates doesn't own crypto because it doesn't … – Fortune

Bill Gates doesn’t own crypto because it doesn’t ‘have valuable output,’ isn’t ‘adding to society,’ he says on Reddit … Bill Gates doesn’t own …

Paganoto

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