What cause the value of Bitcoin?

[Domithra]

Bitcoin has value because it was made for the people due to the decentralized nature. The principle of supply and demand works perfectly fine on Bitcoin. Just like any product on the market, limited supply with increase demand creates value for the product. Bitcoin has a total supply of 21 million yet the demand increases each time as evidenced on the coinmarketcap.

[Omega]

In summary the demand of bitcoin is what gives value. Without the demand bitcoin is useless and probably shitcoin.

[korkorjkk]

The value of bitcoin depends on demand and supply. When the demand is high but supply is low, the prices go up and vice versa.

[wahyudi]

depending on the price of the request (the person who buys) and the offer price (the person selling). In the practical language is supply and demand.

[jbc081475]

The value of bitcoin depends on demand and supply. When the demand is high but supply is low, the prices go up and vice versa.

I agree.It will depends on the demands.When the the demand will go high then the price of bitcoin will also rise.

[silentcrypto]

Bitcoin has value because it was made for the people due to the decentralized nature. The principle of supply and demand works perfectly fine on Bitcoin. Just like any product on the market, limited supply with increase demand creates value for the product. Bitcoin has a total supply of 21 million yet the demand increases each time as evidenced on the coinmarketcap.

Price fluctuations in the Bitcoin spot rate on the Bitcoin exchanges is driven by many factors.

Heres are some lists:

Rate of adoption is hampered by bad press
Bitcoin's perceived value fluctuates
Too much variance in perceptions of Bitcoin's store of value and method of value
Little option value to large holders of the currency
News about security breaches make investors react
Bitcoin’s high profile losses at are another driver of volatility
Bitcoin and foreign direct investment in countries with high inflation
Tax treatment of Bitcoin also affects the volatility

[CryptoJolly]

Value of the bitcoin hardly depends on the media news. Whenever one of the public  persons say something bad about bitcoin. It goes down and vise versa.

[Phylum1020]

Bitcoin has value because it was made for the people due to the decentralized nature. The principle of supply and demand works perfectly fine on Bitcoin. Just like any product on the market, limited supply with increase demand creates value for the product. Bitcoin has a total supply of 21 million yet the demand increases each time as evidenced on the coinmarketcap.

That is the main reason why bitcoin has a price in the market. Basically the demand and the circulating supply affects more on price of bitcoin when the demand is more and the supply is getting lesser the price will go up. But there are few factors that might affect the price of bitcoin first is the FUDS that are spreading and the negative news will make bitcoins price goes down. However bitcoin will never be a loss of investment rather it will give you good profit in due time.

[kokoy020795]

the value of the bitcoin really depends on the demand, for me, it is like a normal needs of the individuals it is like an economic growth of a place when there is a lot of consumers it can can cause a price increase.

[Nanagyasi]

Like you rightly said, the higher the demand the higher it's value. That is to say again that, as more investors invest in Btc,  its value rises and vice versa.