What makes Bitcoin valuable?
What makes Bitcoin valuable?
Is it about the Bitcoin tech? or is it about how can we use it in our personal lives?
When you go to a market place and try to buy something like vegetables or meat. Will the owner accepts your Bitcoin?
You see, not all valuable objects are useful in our daily lives. You have a $5,000 piece of art and it just sits there doing nothing. You buy that art at $5,000 because somebody told you its $5000. Most people buy Bitcoin not because of the technology Bitcoin can do to their lives nor the idea of how bitcoin can be use. Most people buys Bitcoin, because they think Bitcoin can give them easy profit in interest. lets say for example: you heard from someone that Bitcoin made them rich in an instant. Without knowing what is Bitcoin really, you dive in and invest some money in Bitcoin. We were told, Bitcoin is valuable and its value is still increasing. But in reality we, the people are the ones who makes something valuable.
If you ask me there are so many Blockchain out there that surpasses Bitcoin.
If you don't get my point, ask yourself, "with all the hardforks going on Bitcoin, is Bitcoin really that great?"
Changes are made so that errors and mistakes are fixed.
Now that you know what makes something valuable let's go back to the question.
Why is Bitcoin valuable?
It's not the Bitcoin technology that makes it valuable.
News told us it's valuable, friends told us it's valuable, They told us it's valuable.
I am telling you right now, once Bitcoin's fails you, you'll lose everything. Now you know, before investing learn it's platform, learn it's capabilities, you must know why are you risking your money in something.
Years will pass and something will surpass Bitcoin. Not because people told them this one will make you rich, because someday a blockchain will change the lives of how one will use it in their daily lives. Bitcoin can never do that.
The only blockchain I believe for now that can be use in our daily lives is Bitshares. With it's capabilities and speed, it can do millions of transactions. With the right partner one day Bitshares will change our lives.
If you have some other thoughts. Please feel free to comment below.
I'm currently accepting any donations. Any help would be much appreciated. Send your STEEM and SBD donations here @docmastery and your Bitcoin donations to this address 18Nmk99nTxEjWLfkbZZVCJFMVNyMVHzUCw for Bitshares donations send to this account doc-mac18 Thank you so much!
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Bitcoin, for the limitations on the blockchain, still have more development than anywhere else. And, with Wall Street money entering over the next couple years, it is the one to profit because it offer liquidity that no other coin can offer.
As for the forks, it is obvious that they are becoming less of an issue. Name and market identity are what matter to the big money players and Bitcoin has that. For all the tech behind the crypto world, what Wall Street can sell is still what matters.
Right now you are talking all about money. Are you sure that you are speaking about the development of Bitcoin or the price of Bitcoin increasing?