Why Does Bitcoin Have Value? Explained in 3 minutes

[@CoinGecko]

Ever wonder what will happen if we mined all 21 million bitcoins? Click here to find out 👉 kzbin.info/www/bejne/iXjRfJSNiZafd5o

[@BitcoinAndCryptoCurrency]

very good to learn this

[@BitcoinAndCryptoCurrency]

explained a lot

[@novarsk77]

Will bitcoin collapse if bitcoin 2 is created with better characteristics ?

[@breadoflife5938]

There’s no such thing as “bitcoin 2” Bitcoin has been here since 2009ish so it’s had 15 years to grow in market cap and has finally reached stability. Never again will you see a 15k bitcoin . The higher bitcoin goes up in price the most stable it becomes . We might not ever see a bitcoin “crash” again . I believe this is the bullrun where people realize there is only 21 million it changes your perception of investing. I would never sell bitcoin, only buying dips and even buying high . Little by little, it’s the only cryptocurrency that broke its all time highs with such ferocity and conviction

[@hhattonaom9729]

If you studied bitcoin, you'd know it's received improvements/upgrades through something called "layer 2" which improve its functionality, like taproot and lightning. Bitcoin 2 is not going to happen. You could technically create a second Bitcoin, but it would not work because there is little to no chance the founder would remain anonymous and not manipulate the market. Also, it would take a ridiculous amount of energy and cooperation.

[@ilovesat]

There are thousands or millions of them now called "shitcoins".

[@JayGúz1985]

🐸

[@jacenoley2597]

So one person says a piece of garbage has value and then more and more people also pretend it has value and with a wave of the magic wand we have a big garbage dump that everybody thinks is worth a fortune. My question would be what is the exchange rate between a dollar and a bitcoin now as the worth of a dollar continues to be downgraded by inflation.Can you buy a house or a car with bitcoin and how much bitcoin does it take to do that. Finally can I manufacture my own bitcoin?

[@Cheese-Head]

You can buy whatever you want with bitcoin. And you can mine it by participating in the blockchain network (ie mine it) and you’ll get rewarded a fraction of bitcoin. Hence why entire countries mine bitcoin. It’s expensive to do so as an individual. Uses A LOT of electricity. But on a country scale they can afford it and earn bitcoin.

[@breadoflife5938]

What is money ? Why has money failed ? What is money ? What is Bitcoin ?

[@babycoders]

I would love to hear from you sir today 2025. Is bitcoin still garbage to you?

[@Emrico35]

What gives anything its worth? Network Value 😉

[@ALEXANDRERAMIRO]

I wanted to make money without doing anything, to get rich without doing anything. Can Bitcoin help me? What is the productive activity of Bitcoin? Are the values ​​of things measured directly in Bitcoins? Why is Bitcoin measured in dollars?

[@Emrico35]

@ everything is measured, priced in usd since we're living in dollar standard. Bitcoin cannot make you rich. But it can protect your capital, purchasing power

[@JayGúz1985]

🐸

[@anandasaad9091]

It will be worthless when all is mined.

[@vzuzukin]

Lol 😆

[@coltnavydaddy4261]

funni cus because of halving it will literally never go to all bitcoin being mined ;D

[@21b4ll3r21]

bro has zero understanding of supply and demand lmao

[@Fr33y0u]

Why?

[@deondee8603]

When?