Re: Why is bitcoin worth? Welcome to discuss

Investors and nonprofessional people have different thinking about bitcoin. But in my thinking now bitcoin is still worth-able and its price groow above $1000. So we have no argue to discuss about bitcoin price value. In my eyes, bitcoin already achieved a successful place and now it is depend on ourself how we gain and make profit from bitcoin.

Succesfull for a currency in my perspective is not determined on how much the coin's value is, but how's its coverage and usage in this world. It's no use if there's some altcoins which have overwhelming value but only be used among communities which coverage is low. It's ain't real currency but more likely a valuable digital properties.

This, if no one uses a currency and if it is not accepted everywhere then the currency is not useful, that applies to fiat currencies and that applies to crypto currencies as well so I don't care too much a bout the price of bitcoin instead I care if I can use it in my everyday live.

Then all currencies must be not useful then. Never have I seen a currency that's accepted everywhere, even dollars. People say that dollars is accepted everywhere but it is not. Try going abroad which isn't an English speaking country and most places will not accept your precious USD especially if the store is away from the city.

Bitcoin *can* become a currency that's accepted everywhere but we are far from that. So bitcoin might be not useful then according to your statement. Roll Eyes

A currency only becomes useless when it doesn't have value anymore. Let's say your government announced that they are abandoning all the currencies that they have issued or your currency has inflated a lot. Your currency will still be accepted but it will have very little value that it has become useless

I suspect the previous poster meant everywhere across the country, not around the world

Basically, this is a matter of degree rather than one of kind. We could say that some currencies are more widely used than others, some less, while some (like the famous Zimbabwean dollar) get totally abandoned in the end. On the other hand, the US dollar in its digital form is accepted almost anywhere (and Bitcoin comes pretty close to that), i.e. in any country you won't have any particular difficulties to exchange it for a local currency. But this is not true in respect to other fiat currencies