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
a lot of people see the essence of having this and they knew how good it is interms of investment that is why the choose it over and over again cause of its profitable and useful thing.