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RE: Learning Crypto: Where Does Bitcoin Get Its Value?

in #bitcoin5 years ago

We need to take the power and abuse out of the banks hands and place it where it should be....in the person's hand who owns it. It should never cost us money to use OUR money! This amazing tech gives us that opportunity and so much more. The future is in the blockchain and hopefully the tangle as well. I believe in both. I believe they can coexist forever and we can all be millionaires for using it now! Cheers guys! Let's watch it grow and help it!

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However, when determining price, one must also consider the amount that buyers are currently willing to pay for the future value of a specific item. In other words, if the market believes the price of something --like property, a certain stock or Bitcoin-- will increase in the future, they are more likely to pay more for it now.
Some of the instances where Bitcoin currently has utility was mentioned above, but since Bitcoin is an evolving and improving technology, many are optimistic that there are many other use cases to come. Some, perhaps, that we haven’t even thought of yet.

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