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.
The value today is a little good and we need improvement either less or more but improvement will lead us once. Now if you want to see a sudden change or manipulation in the market then you and we all should invest in the Bitcoin which is a benefit too at this stage apart which the price will activate to increase. With the passage of time we will see a better value as we need to do the same and should not sell right now which will bring further decrease.