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 is very valuable today, it is expensive than the other cryptocurrency. Although it is unstable and unpredictable and we can say that it is risky to be part of bitcoin community, but I think everyone will still invest to it because they are believing to bitcoin.