Why Do Bitcoins Have Value? - Investopedia

Donald's just as confused as everyone else about what is bitcoin. Bitcoin is backed by data Donald, so it is based on data and value which is more than the USD which is backed by nothing. Donald, BTC is not Bitcoin.

Donald's just as confused as everyone else about what is bitcoin. Bitcoin is backed by data Donald, so it is based on data and value which is more than the USD which is backed by nothing. Donald, BTC is not Bitcoin. submitted by jim-btc to bitcoincashSV [link] [comments]

How will funds be repaid back? If you held bitcoin there at the time, are they going to refund 20%(estimated funds left) of the value of what that would have been at the time, or pay back 20% of the bitcoin you were holding?

Lets say you had 10 BTC on mtgox at the time of the breach. Estimates are reporting that there is something like 20% of funds left.
Does that mean someone with 10 btc would receive 2 bitcoins back? Or if those 10 btc were about 1000$ at 100$/btc, does that mean you'll only receive $200 back?
IMHO it would be absolutely senseless to let others continue to profit off of the theft. I sincerely hope that the funds are at least paid back how they were stored on there.
submitted by xelaxepa to mtgoxinsolvency [link] [comments]

What do you say when you suggest investing in Bitcoin to a friend and they use the argument "what is it backed by? Where's the value?"

submitted by in_nomine_domini to Bitcoin [link] [comments]

Can someone honest to god tell me what the difference between Bitcoin's growth and the DotCom Bubble is? Will we ever see bitcoin undergo the same fall in value as did the "unstoppable" DotCom companies back in 2001?

this is a completely serious post I'm just curious to hear a variety of opinions.
submitted by AudiForLifeBro to Bitcoin [link] [comments]

Can someone pls explain to me: What happens if a government / conglomerate decides to start their own cryptocurrency, and enforces mass adoption - what happens to the value of bitcoin? I had a discussion with friends and many of them would prefer to own crypto 'backed by government'.

submitted by zuluechonovember to Bitcoin [link] [comments]

What is cryptocurrency e.g. bitcoin; backed by? which authenticates its value. As fiat is backed by somewhere goods/commodity/minerals/gold etc /r/Bitcoin

What is cryptocurrency e.g. bitcoin; backed by? which authenticates its value. As fiat is backed by somewhere goods/commodity/minerals/gold etc /Bitcoin submitted by cryptoanalyticabot to cryptoall [link] [comments]

What is cryptocurrency e.g. bitcoin; backed by? which authenticates its value. As fiat is backed by somewhere goods/commodity/minerals/gold etc /r/Bitcoin

What is cryptocurrency e.g. bitcoin; backed by? which authenticates its value. As fiat is backed by somewhere goods/commodity/minerals/gold etc /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

What if bitcoins only received such a high value because people from the future had the ability to go back in time and buy them while they were cheap, causing higher demand and therefore heavy inflation in prices

submitted by LAC-PRO to Showerthoughts [link] [comments]

Honest Question? Why is everyone patting themselves on the back for holding onto alts when, regardless of bitcoin golds value, almost noones alt portfolio matched what bitcoin did?

Not trying to be rude.
It's either people not understanding the math or everymade make better moves than the market in general.
We had a 5-15% gain for most alts which are still are almost all way down compared to peaks where bitcoin is still at incredible highs?
Did everyone invest in walton and vert and get neo in that dip and just kill it or please let me know what I am missing.
I am one of the people holding the alts and I really do believe they will still move up bast bitcoin either soon or after the fork but.... currently.. anyone who didnt just move to BTC definitely lost out... ignoring BTG completely.
Where is the celebration coming from?
submitted by shittymorphkarmasuck to CryptoCurrency [link] [comments]

I wrote this essay on whether Bitcoin is a currency or an asset, and what gives a particular coin it's value. I'd very much for anyone to give it a read through and let me know what you think. All feed back is good! Both positive and negative. I always try to learn more. Thanks guys.

I wrote this essay on whether Bitcoin is a currency or an asset, and what gives a particular coin it's value. I'd very much for anyone to give it a read through and let me know what you think. All feed back is good! Both positive and negative. I always try to learn more. Thanks guys. submitted by VeryAngryFish to CryptoCurrency [link] [comments]

"The only value of bitcoin is what the other guy'll pay for it." - Jamie Dimon. You hit the nail on the head there Jamie. This is consensus driven money not government backed (inflationary) promises. /r/Bitcoin

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What Was That? Bitcoin Loses Fifth of Its Value, Bounces Back Within 24 Hours

What Was That? Bitcoin Loses Fifth of Its Value, Bounces Back Within 24 Hours submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What Was That? Bitcoin Loses Fifth of Its Value, Bounces Back Within 24 Hours

What Was That? Bitcoin Loses Fifth of Its Value, Bounces Back Within 24 Hours submitted by Seronen to Bitcoin [link] [comments]

What is your best response to someone who argues that bitcoin will fail because it has no true value and that it is "nothing" or not backed by anything? /r/Bitcoin

What is your best response to someone who argues that bitcoin will fail because it has no true value and that it is submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What Was That? Bitcoin Loses Fifth of Its Value, Bounces Back Within 24 Hours

What Was That? Bitcoin Loses Fifth of Its Value, Bounces Back Within 24 Hours submitted by thefeedbot to TheNewsFeed [link] [comments]

Can someone honest to god tell me what the difference between Bitcoin's growth and the DotCom Bubble is? Will we ever see bitcoin undergo the same fall in value as did the "unstoppable" DotCom companies back in 2001? /r/Bitcoin

Can someone honest to god tell me what the difference between Bitcoin's growth and the DotCom Bubble is? Will we ever see bitcoin undergo the same fall in value as did the submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: ELI5: what is bitcoin, how is it ‘mined’, and how is it assigned value (if not backed by gold/credit)? /r/explainlikeimfive

Bitcoin mentioned around Reddit: ELI5: what is bitcoin, how is it ‘mined’, and how is it assigned value (if not backed by gold/credit)? /explainlikeimfive submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What do you say when you suggest investing in Bitcoin to a friend and they use the argument "what is it backed by? Where's the value?" /r/Bitcoin

What do you say when you suggest investing in Bitcoin to a friend and they use the argument submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Can someone pls explain to me: What happens if a government / conglomerate decides to start their own cryptocurrency, and enforces mass adoption - what happens to the value of bitcoin? I had a discussion with friends and many of them would prefer to own crypto 'backed by government'. /r/Bitcoin

Can someone pls explain to me: What happens if a government / conglomerate decides to start their own cryptocurrency, and enforces mass adoption - what happens to the value of bitcoin? I had a discussion with friends and many of them would prefer to own crypto 'backed by government'. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What gives Bitcoin value? Something Something Mars, Oxygen, Fiat in space, USD backed by guns - The neural Chernobyl has begun

submitted by NotHyplon to Buttcoin [link] [comments]

What determines the fluctuations of value in bitcoin? What are bitcoin even backed by(if anything) for that matter? /r/Bitcoin

What determines the fluctuations of value in bitcoin? What are bitcoin even backed by(if anything) for that matter? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: What backs/adds value to bitcoins and how?

submitted by SgtStiglitz to explainlikeimfive [link] [comments]

Bitcoin Target + What Backs Bitcoin Price? WHAAAT!?? ALL BITCOIN & ETHEREUM HOLDERS MUST SEE THIS!!! CHAINLINK to $17.00!!!? What Backs Bitcoin Time Traveller's Prediction for Bitcoin Price 2019 2 Major Reasons Why Bitcoin Risks Falling Towards $8500

Whereas, in the real market, people prefer to purchase and hold Bitcoin than any other cryptocurrency because there is a digital store of value. And also, to give tough competition to the other cryptocurrency wallets, Bitcoin appears to enhance the liquid sidechain and marginal improvements and enhanced privacy. Learn what cryptocurrencies are backed by and how its prices are defined Cryptocurrencies, being relatively new to the market, is received with a mix of reactions by the general public. To technology enthusiasts, the inception of Bitcoin and other cryptocurrencies are the beginning of a new era in the financial industry. To everybody else, it’s • Read More » A recent tweet-poll from Vinny Lingham reveals that, at least on Twitter, 57% of respondents will continue believing that Bitcoin is a “store of value without utility” in the face of all The reason Bitcoin’s utility as a cryptocurrency is an unsatisfying explanation of its intrinsic value is because for all other types of assets, intrinsic value goes beyond the asset’s use as That transaction alone perfectly shows the dramatic change in value that Bitcoin has experienced over the years. 2011 and Earlier. The very first major jump in Bitcoin price took place in July 2010. At this point, the value of Bitcoin went from about $0.0008 all the way up to $0.08, a truly dramatic increase in price.

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Bitcoin Target + What Backs Bitcoin Price?

Back in 2013, an anonymous figure posted on the r/Bitcoin subreddit claiming to be a time traveller from the year 2025. He made a series of predictions for the price of Bitcoin in future years ... BULLS BACK!? Bitcoin & Chainlink Price Prediction & Analysis - BTC & LINK April Targets 2020 ... Bitcoin Price Analysis - Duration: 9:41. Team Underground 11,496 views. New; 9:41. GET OUT OF THE ... Zooming the Bitcoin price chart back to the daily timeframe shows the beginning of a bearish bias, at least according to a textbook indicator traders use to predict short-term trends. Dubbed as ... Bitcoin critics worry that nothing backs bitcoins - "there's nothing there." While bitcoin supporters respond that "nothing" is also exactly what backs those dollars we spend our lives chasing. What To BUY During This 2020 Economic Crash To Build WEALTH Stocks? Real Estate? Bitcoin? Gold? - Duration: 14:41. Minority Mindset 225,755 views

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