Major Factors That Why Bitcoin Has High Value

azmat545 (71)Powerdown User ❌in Steem Alliance • last year

Asslam-0-Alikum

Greetings from me to all the members of this community I'm fine Allhamdulillah and i hope all are also fine and fit.Today's I'm again here with the new post and I'm going to share about some factors that give high value to bitcoin.I will explain why bitcoin has having very hype and value.

Decentralization

The first factor and the main reason that why bitcoin has so much value is the factor of decentralization.As we all know bitcoin is the father of all others crypto currencies and most of the currencies depends on bitcoin.

As we all know all the top crypto currency has own blockchain and all are decentralized and like that bitcoin is the father of all crypto currencies and bitcoin has own blockchain and it's decentralized and this thing gave bitcoin high value.

The meaning of decentralization is that the bitcoin has own blockchain and also most of the currencies are working on the blockchain of bitcoin and this thing provide a huge feedback to bitcoin in maintaining high value.

The all top crypto currencies that have own blockchain and also others currencies working on that blockchain are very high and bitcoin is the biggest blockchain and that's the first factor that why bitcoin has high value.

Stability Of Price

Another important factor tht why bitcoin has so much value is the factor or having bitcoin stability of price.That's the one of major factor for the high hype of bitcoin and for high value.Stable price plays an important role for the high value of coin.

As i mentioned bitcoin has own blockchain and it's totally decentralized and that's why all the currencies that has own blockchain has the mostly chances of stable price and that's why bitcoin has stable price and this thing helped for maintaining high value.

As we all know bitcoin has very high price and the price of bitcoin don't fluctuate too much and when the market of crypto goes down then the price of bitcoin take dump and it's only the dump and the value contains stable and don't fluctuate and that's why that's the second factor for having a bitcoin high value.

Portability

Another major reason or factor that why bitcoin has so much value is the factor of portability and as usually we know that bitcoin don't neend a high source of thing for transferring from one account to another account.

Bitcoin can be easily transferred through internet and it just take some verification process and then the transactions has bee done and that's the reason why bitcoin has value.

The user don't neend a verified bank account for having a bitcoin and it's very simple and easy and the user have to knowledge about internet and then he can trade it.

Bitcoin can be divided into small unit of pieces and each piece of bitcoin contains much value and that's the one of major factor that why bitcoin has so much value.

Conclusion

In this post I have shared about some factors that why bitcoin has so much value and i hope this topic will gave so much knowledge to the trades and i hope this will be very beneficial for all of us.

Regards By

@azmat545

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#steemexclusive #cryptocurrency #bitcoin #club100 #pakistan

last year in Steem Alliance by azmat545 (71)Powerdown User ❌

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jueco (76)modquality controller last year

Dear @azmat545 ,

We appreciate your active participation and contributions to our community. To ensure a positive environment for all members, we have implemented a set of guidelines to maintain respectful and constructive discussions while upholding community guidelines.