It is a simple yet not easy question to answer:
why does bitcoin have value?
The answer, we believe is summarized in this video: https://www.youtube.com/watch?v=Vv2-6KDlZSEBitcoin has value because it has
both scarcity and utility. It is a limited
and useful resource. It is important to note that something must be BOTH in order to command a market value, NOT either.
Bitcoin is limited to the software-imposed hard limit of 21,000,000 bitcoin units ever in circulation. It is useful because it allows payment information to be secured by a decentralized computing network backed by magnitudes of raw hashing power. That raw hashing power is energy (electricity) converted into digital utility. Each transaction must compete (fee market) to be included in the next block of transactions which has a limited [block space] due to the block size limit (2MB) imposed on each ~10 minute block.
We can expect both the value to increase and the number of users to increase exponentially so long as the current technology maintains itself and remains both useful and in a limited abundance.
Bitcoin will always retain market value so long as miner nodes are actively contributing their hashing power to secure the network (proof of work).
Learn more about bitcoin at
http://diginomics.comIt was just owning something that you don't really have since it is a digital currency and it was just portray by a numbers in your bitcoin wallet. The bitcoin have its value was just pretty simple, it was just depending it the supply and demand of bitcoin that is why it has its own value, but in real life their is no collateral or any assurance of this bitcoin that is going to prove that you have something unlike like for example in the stock market of a company somehow you have a part of the company that is yours. It is the opposite in bitcoin since you don't really have something meaning you could just lose your bitcoin at any moment since it could lost its value at any time.