Why is Bitcoin Valuable?

in bitcoin •  7 years ago 

The first question that I get asked about Bitcoin is "Why is it valuable". This confuses a lot of people because they Bitcoin is not backed by any real world commodity or by any government - something that is bizarre to a lot of people. Currently a bitcoin is worth $4000 USD. In this video I try to explain why I think Bitcoins are valuable.

Use code "6bXKwD" and get 3% off every purchase on Genesis Mining! https://www.genesis-mining.com/a/287920 🤑

♨️Social:
http://boxmining.com
Steemit: https://steemit.com/@boxmining
Twitter: https://twitter.com/boxmining
Facebook: https://www.facebook.com/boxmining

🤑 Buy Bitcoin: https://www.coinbase.com/join/590c3a1c8bfa31012ffacf87

💰 Secure your Crypto with Hardware Wallets:
Ledger: https://www.ledgerwallet.com/r/428b

💪Donations:
Bitcoin : 13EvsPm3YhiCPGksQQdvQUFtsbF8FoU6Cz
NEO: AHMMavFxwPA1jPB3HiF5Hq8JxeJ2soWvDW
Ethereum: 0x58d98516363D2A5f93CE6aB4A4a909599C3EEC3a
DASH: XcAREQEEunvv6rJza9LKDzdyjZ1BwBN2iK
Litecoin: LXeXUr2Hr3ePgHb9aDjr4QdqA4DPXoTarU
Decred: DsgsSqYF2oSZ5MJeoqiEMyeJdWhdvWk8A4s

💱Software Wallet:
Windows/Mac/linux: http://exodus.io

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

$370? come on man, are you high?

yeah made a mistake when I said it. didn't catch it until it was live! apparently I'm living in 2015

you know i had to repeat it 3 times, just to make sure that i am hearing it correctly, and i even went to the video page on Youtube to check the uploading date and also i check the price of bitcoin, in case if it had nose dived and i didn't notice,,,
bro you gave me a panic attack, since usually your information are reliable.

Apparently I couldn't say numbers. FAIL

Hopefully a huge write-over could be made to let future viewers know of this HUGE error. We wouldn't want someone to have worse than a panic attack...aka...heart attack.

Peace.

Hi boxmining,
Thanks for the great content

Nice post. BTC will rule for a long while...its still cryptos name. Thanks!

Michael's attributes for gold:

  • it's shiny
  • it's nice
  • it's a precious metal
  • can be used for many practical purposes

Especially do like the first 2, pure fodder for gold is better than bitcoin enthusiasts ;-)

Anyways, nice short and on the point video!

Gold is used in a lot of catalysis reactions in chemistry too! And don't forget gold nano dots!

Really Good Post!
Please upvote+resteem+follow me
https://steemit.com/@loku

Thanks

It's backed by the Blockchain ;)

Bitcoin is KING! Good video...gotta go get me some of that $370.00 Bitcoin now...

:D That's the spirit!!

The Tech behind it is what most of us find value in. It separates its self from centralized powers of control.
Don't worry about the number slip, it happens..lol I wish it was that low...lol

Thanks for your work

Bitcoin target $9,000: Here is how and why: