Connect with us

Crypto

What gives bitcoin its value? (Reddit Bitcoin)

Avatar

Published

on

People always talk about buying bitcoin and investing in it, but what is it backed by? I do want to invest in bitcoin and other crypto currencies, but what other uses does bitcoin have other than using it on the deep web? is it possible one day bitcoin and all cryptocurrencies can just be worth nothing? Is there enough people that know about it and use it? Im not talking down on bitcoin i just want a good understanding of it, before i invest into it. I understand you can lose money aswell, but do you think bitcoin and other cryptos will be worth millions in the next 20 years? Is the average person well informed about bitcoin?
submitted by /u/Sebastienl1998 [link] [comments]

People always talk about buying bitcoin and investing in it, but what is it backed by? I do want to invest in bitcoin and other crypto currencies, but what other uses does bitcoin have other than using it on the deep web?

is it possible one day bitcoin and all cryptocurrencies can just be worth nothing?

Is there enough people that know about it and use it?

Im not talking down on bitcoin i just want a good understanding of it, before i invest into it. I understand you can lose money aswell, but do you think bitcoin and other cryptos will be worth millions in the next 20 years?

Is the average person well informed about bitcoin?

submitted by /u/Sebastienl1998
[link] [comments],

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *