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.
I agree with what he said bitcoin become valuable because many people bought , used or invest with it and in due time its value varies depending on the demand and how much the buyer and seller agreed to trade