How do we know that Bitcoin has actual value? and how can we approximate that value ?

in bitcoinisascam •  7 years ago 

Some smart people are saying that Bitcoin is a perfect scam and that Bitcoin will work as a currency whether its $100 or $20K, meaning that it doesnt really have an exponential value. The fact that there are a limited amount of BTC's creates imputed value, but is it falsely creating value in something that is no more valuable than a $100 bill ? What say you?

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:  

Congratulations @quriousj! You received a personal award!

1 Year on Steemit

Click here to view your Board

Do not miss the last post from @steemitboard:

Christmas Challenge - The party continues
Christmas Challenge - Send a gift to to your friends

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @quriousj! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!