Post
Topic
Board Bitcoin Discussion
Re: What makes Bitcoin valuable?
by
Core.BUSTER
on 10/05/2018, 23:34:14 UTC
Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.

Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.

So heres a little cheat sheet for any newbies out there who get this question or accusation:

1. Bitcoin is safe.  It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.

In short, Bitcoin solves massive problems with the financial and political world, and that is its value.

And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.




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Bitcoin is valuable to our economy because it is changing how online transactions are being made and carried. It helps us to make it faster and relatively cheaper. It also helps people by giving birth to a new set of jobs in this industry. Because of bitcoin, the online economy shifted and many people have been encourage to take part. It united many of us step forward into a futuristic approach.