Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars.
Rather, Bitcoin appears to have value for the following reasons: It is popular.
In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin.
That's bot a nice review on the reputation of Bitcoim, anyway that's your opinion though. But consider this, there are malls that accept Bitcoins and various on line portals that accept BTC as a trustworthy method to utilize and so I don't know why you say everything is merely based on trading.