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.
Bitcoin value it changes everytime it is not permanent nit like a paper money it's value is permanent and stable
The value of bitcoin is unstable that can goes up and down. Bitcoin value is so high because it's converted into dollars that we all know one of the highest money currency in the world. Investing in bitcoin can make you rich because of it's higher value but it also risky. And I think all the people who are investing in digital crypto currencies are believing in it and hoping to rise as well.