Post
Topic
Board Economics
Re: How does a Bitcoin have any value?
by
xaviervilla
on 10/03/2018, 02:41:45 UTC
Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars.

 Rather, Bitcoin appears to have value for the following reasons: It is popular.

In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin.


In a sense, I think you are right. But you see my friend, bitcoins are not only valuable because of its popularity. Remember, everything that becomes popular has its own share of a trait, usability or anything that people can benefit from that determines why it is continuously adored by lots of people. and that is also the case with bitcoins. You should understand this.