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What actually determines the value of a Bitcoin? Author Topic: What actually determines the value of a Bitcoin?  (Read 23223 times)

Offline uzair

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What actually determines the value of a Bitcoin?
What actually determines the value of a Bitcoin?
« on: August 27, 2018, 06:36:12 PM »
Whenever I am in discussions with friends or family irl, inevitably the question of "so what gives these things their actual value?" comes up, and I am unable to answer with a straight face 

So, what actually gives bitcoin its value, and how does it relate to traditional stocks when buying/selling/trading/ etc?

I understand that in a contingent fiat based currency such as the USD, backed only by the faith people have in it, and how many other notes are currently in circulation. Will bitcoin eventually reach a point where tactics such as Quantitative Easing are employed in order to keep the whole thing from collapsing in on itself like a dying star?


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