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.
The value of the bitcoin is base on its users. The bitcoin has now solid community, by observing the past graph of the bitcoin; you will find out that the price of the bitcoin is continuing to increase as time passing by.
well you are right cause there is any type of how are we valuing this currency like we can be able to value it based on how can it benefited our needs , and as long as it increase also the value may ever change too.