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
Actually, the value of bitcoin is always change and it is not permanent simply because on its being volatile. On the other hand, bitcoin is not like paper money that has permanent value and the value of bitcoin will depend on the market. And if you are new in this kind of investment I suggest you must get more information about bitcoin before you enter in this field.