I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:
" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"
I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.
well, for me the reason people believe that it has a value cuz they see and understand its capabilities tho it is true the price and value of BTC always depends on people but just like how we believe paper money has its value, natural resources (Like Gold and Silver) is valuable... cuz government says it has a value basically Bitcoin, Blockchain or altcoins are kinda hard to understand but just take some time and learn more about BTC and you will be surprised to its capabilities.