Understanding how does bitcoin have value requires examining multiple perspectives and considerations. Where do bitcoins come from and what gives them their value?. Where do bitcoins come from? From the WeUseCoins.com video it appears they are just being produced by "miners" and sold to people.
From another angle, so who backs Bitcoin or gives it its value? Additionally, do physical bitcoins or altcoins actually carry value?. Upvoting this answer since it mentions Casascius coins, which started the trend of physical bitcoins and are one of the most valuable physical bitcoin due to being discontinued and therefore scarce. In relation to this, the value of a physical bitcoin is in the trust and scarcity of them: otherwise, the value would simply be the cost of material the coin is made from.
How does Bitcoin have an intrinsic value?. 1 I have read several articles about how Bitcoin have an intrinsic value. Aside from the fact that some of those articles confuse "intrinsic value" with "benefits of adoption", I found that none of them could prove that Bitcoin is actually money and not a currency. In this context, why does bitcoin have a value?
[duplicate] - Bitcoin Stack Exchange. From another angle, i got this pretty good question the other day - why does bitcoin have a value at all? After all it's nothing - who is willing to pay for nothing?
Does the value of my Bitcoin fluctuate automatically?. Building on this, 1 If you own a small amount of Bitcoin (say,$10) does one have to "invest" it somewhere for it's value to change or will the $10 fluctuate by just sitting in one's wallet and one can see the value fluctuate by checking the wallet from time to time? Why did Bitcoin first start to gain economic value?.
Bitcoins have value because they are useful. They have useful properties. This answer expands on this at length. In this context, as for what the author wrote in the very beginning, you can read the announcement of Bitcoin v0.1.
Bitcoin was worth very little for the first year. In this thread, written 16 months after Bitcoin's launch, you can read the conversation leading up to a guy buying 2 large pizzas for ... What happens if I buy Bitcoins and the price goes down?.
In this context, 9 Yes, you lose a quantity of your money, at the time you gave it away in exchange for the bitcoin you received. Subsequent changes in the exchange rate only vary the hypothetical value of what you would get if you wanted to trade back. I have a physical Bitcoin, how can I exchange it for dollars. If you have a physical Casascius coin, you will be much better off selling it for dollars on eBay or similar site, or perhaps at a coin (numismatic) shop.
The value of Casascius coins usually exceeds the nominal bitcoin value. They are collector's items.
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