why is bitcoin valuable eli5

Last Updated on July 19, 2022 by

ELI5: Why does BitCoins have value? : r/explainlikeimfive

ELI5: Why does BitCoins have value? : r/explainlikeimfive

Bitcoins have value because people are willing to pay for them (and of course, people are willing to pay for them because they have value). You have some …

Currency — What is Bitcoin? – ELI5

Currency — What is Bitcoin? – ELI5

The value of bitcoin is based off of what other people think it’s worth, just like the dollar. Bitcoin is infinitely more rare than the dollar, earning it the …

Can somebody explain Bitcoin like I'm five (ELI5 Bitcoin)?

Can somebody explain Bitcoin like I'm five (ELI5 Bitcoin)?

ELI5 Bitcoin: Basically its a network that has the most powerful computing power securing it. And that computing power makes it the most secure network ever …

How “True Bitcoiners” Work on Reddit to Maintain Bitcoin

How “True Bitcoiners” Work on Reddit to Maintain Bitcoin

by ML Knittel · 2019 · Cited by 8 — Bitcoin depends on trust to function: trust in transactional partners, trust in the technology, and trust in Bitcoin’s capacity as a shared store of value.

Why Is Bitcoin Volatile? – Investopedia

Why Is Bitcoin Volatile? – Investopedia

Bitcoin’s market value is primarily affected by how many coins are in circulation and how much people are willing to pay. By design, the cryptocurrency is …

7 Best Crypto on Reddit to Invest in 2022 – Outlook India

7 Best Crypto on Reddit to Invest in 2022 – Outlook India

The benefits that the owners get by simply owning the coin translate into passive income, which is why people get interested in it initially.

Investors share losses on Luna Reddit forum as the … – Fortune

Investors share losses on Luna Reddit forum as the … – Fortune

A huge drop in the value of a major stablecoin has shaken the crypto world, and the real-life consequences of the collapse are playing out …

ELI5 Bitcoin – Explain Bitcoin Like I'm Five – Academia.edu

ELI5 Bitcoin – Explain Bitcoin Like I'm Five – Academia.edu

In simple terms, Bitcoin is a digital currency that cannot be duplicated. It is a decentralized network of millions of mining devices and thousands of nodes …

Twitter and Reddit Showcase Reactions to Crypto Price Crash

Twitter and Reddit Showcase Reactions to Crypto Price Crash

Yes, it has been a rough time for cryptocurrencies. Once considered a safe haven from the stock market, crypto and Wall Street now move in the …

ELI5 Cryptocurrency – crypto.bi

ELI5 Cryptocurrency – crypto.bi

A cryptocurrency is a technology which allows value to be transferred from peer to peer, anywhere in the world, without requiring trust between the parties …