Post
Topic
Board Bitcoin Discussion
Re: What makes Bitcoin valuable?
by
Lalafell
on 10/05/2018, 23:38:40 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.




-





@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential




Bitcoin proved itself as a better monetary system than fiat in so many ways. There is the faster and less expensive online transactions. There is no hassle in transferring because no third party involves and the reason why it is cheaper. Bitcoin is valuable in the way that it shaped our society to look how our technology can rebuild us. This innovation is important because it will lead us to success.