Now I wanna ask your opinions on my main point which is:
"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."
By definition for an investment this has to be an incorrect definition. Intrinsic value of an investment is the net present value of the future cash flow, value, or utility that the "investment", Bitcoin in this case, provides.
And in this case for Bitcoin it's really the future value and future utility. Bitcoin was created to be a currency but the market is actually using Bitcoin as a store of value. There hasn't been an a significant increase in use as a currency.
If you want to compare Bitcoin to Gold,
gold only has intrinsic value because we humans believe it is valuable.
If you want to compare Bitcoin to fiat currency, fiat currency only has intrinsic value because our governments say it does.
Maybe the intrinsic value of Bitcoin is inversely correlated to the confidence people have in their government. If there is distrust in government the intrinsic value of Bitcoing goes up because it allows us to store wealth in a unit of measure that is not owned by the trustless government.
"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."
I don't agree.There are many other attempts to create a cryptocurrency before, but all of them failed. Do you know why?
Because they were centralized. Bitcoin was the first truly decentralized.Actually, you do agree. You agree that the intrinsic value of Bitcoin comes from its "platform" because you state that Bitcoin is successful because it is decentralized.
Bitcoin is the future of our country and many people. This is the new generation on how people earn some money with the use of some cryptocurrencies.With the help of developing technology, we create something that night help our financial problems. If this is over, many people get lost there investment and we don't want that to happen because it might affect our economy.