Why Is Bitcoin Valuable Reddit

Bitcoin is durable One major importance of blockchain as the tech behind the cryptocurrency is that it makes it infinitely durable. Bitcoin allows you to transact with other people without needing to trust them.

Tesla Insider Leaked Huge Bitcoin Investment On Reddit Over A Month Ago But Was Laughed At The Independent

And any random cyrptocurrency isnt valuable because of that same reason.

Why is bitcoin valuable reddit. Gold and its history is its greatest strength against the fiat that noone denies other than bitcoiners. Thats not to say however that bitcoins cannot be lost. After hitting the 52219 level at 715 am sellers came.

Bitcoin or any other crypto currency didnt dropped any value. Similarly bitcoins current utility is limited. Bitcoin comes at a cost Bitcoin does not just fall out of the sky.

First and primarily Bitcoin is valuable for the same purpose that print and digital currency are valuable it is a convenient currency widely acknowledged by the general public. Noone knows what is truly possible. This is not for me its so that I can send to someone.

Things have value because people are willing to exchange it for other things of value. The Bitcoin name is on the news regularly this is free marketing and has become widely known. However one important factor about gold that Bitcoin does not have is its history.

If no one anywhere is willing to exchange stuff for your new cryptocurrency then it has no value. Simply put Bitcoin is here to stay as it is a digital token. Why Is Bitcoin Valuable lite forex sirix webtrader cs 251 cryptocurrencies and blockchain technologies forex pre market routine forex factory El Salvadors president says will send bill to make bitcoin legal tender - Reuters.

BTC has an initially limited issue of 21 million coins and this figure will never be changed. I truly believe Bitcoin is digital gold 20 but I honestly do not know the future of this technology. When a person or organization wants to store their money on the safest network they choose Bitcoin.

To date only Bitcoin has such characteristics. Bitcoin serves a purpose as a store of value just like gold. Yes the prices dropped but not because Bitcoin or other cryptocurrencies have a major exploit or bug which would infact make a currency less valuable.

There are many factors why Bitcoin remains popular despite the competition some more obvious than others. Just like gold mining it also requires real effort and costs. Why Bitcoin Is Valuable Debunking The greater Fool Theory bitcoin trader ing direct why is bitcoin dropping reddit ang ma indicator forex factory.

2 and soared up about 7 between that day and Monday. For this reason Bitcoin is tremendously valuable. Its valuable for the same reason anything is valuable.

Bitcoin is valuable because its censorship-resistant and has the largest security network out of any cryptocurrency. Being the first means it has the strongest network effect. Its real value lies in allowing money to move at internet speeds and allowing it to be held in an autonomous fashion.

Ethereum NEO Cardano and Tezos have value because they enable smart contracts. Bitcoin broke up bullishly from a falling channel on Sept. As the founding editor of Why Is Bitcoin Valuable Quora Verdictcouk I reported on how technology is changing business political trends and the latest culture and lifestyle.

Bitcoin allows people to do things that they cannot do with any other technology at the moment. Any newer crypto will have a. I have covered the rise of bitcoin and cryptocurrency since 2012 and.

People are panic selling everywhere because Evergrande going broke and almost any market is. Best bitcoin video of why its valuable. It cannot be destroyed in the same way that a dollar bill could be.

Need some help to find a video that explains in simple terms and is non technical why bitcoin is not just gambling and why it has inherent value that will sustain into the future. Since it exists on the web it can not be damaged. I am a journalist Why Is Bitcoin Valuable Quora with significant experience covering technology finance economics and business around the world.

Bitcoin - Store of Value Medium of Exchange with advantages Compared to the US Dollar it has advantages as a medium of exchange that also has a store of value that has a limited supply unlike the United States Dollar. It is money free from dictatorship oppression and hyperinflation and a financial refuge for many in todays world. Send money anywhere in the world to anybody in the world almost instantly almost for free and without going through a third party.

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