Questions tagged [value]

How much something is worth (as opposed to how much it costs).

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65
votes
9answers
83k views

Where do bitcoins come from and what gives them their value?

Where do bitcoins come from? From the WeUseCoins.com video it appears they are just being produced by "miners" and sold to people. So who backs Bitcoin or gives it its value?
24
votes
3answers
5k views

What factors affect the value of a Bitcoin?

Obviously the number of existing Bitcoins affects the value, but what else? What are some of the primary factors for a rise or fall in a Bitcoin's worth?
15
votes
10answers
47k views

What happens if I buy Bitcoins and the price goes down?

What happens if I buy Bitcoins and the price goes down. Will I lose a quantity of my money? Consider:
15
votes
3answers
1k views

What could be the consequences of many bitcoins being lost out of circulation if people lose their wallets?

If for some reason many people lose their wallet files then many bitcoins are effectively taken out of circulation. Seen as it's not possible to tell as far as i know if bitcoins are actually ...
14
votes
6answers
5k views

How to answer to whether Bitcoin is a Ponzi scheme?

I was asked whether Bitcoin is a Ponzi scheme as I was explaining Bitcoin. In support of the question I was presented with the following scenario. I didn't know what to answer. Let's assume Bitcoin ...
14
votes
5answers
67k views

Get simple BTC value to insert it in excel sheet

I'm trying to so some maths calculations with Excel but I need to get the current btc value from any website that can provide it in any format but simple as possible. Do you have any idea to get the ...
13
votes
6answers
8k views

Why did Bitcoin first start to gain economic value?

I am really having difficulty answering this: Why does a bitcoin have an economic value, such that there are people willing to trade US$ (or any other traditional currency) for these virtual ...
11
votes
6answers
686 views

Could the price drop between July and September 2011 have been caused by a bot?

In July 2011, 1 BTC was trading at above $10 USD. By September, the price of 1 BTC had fallen over 50%, and at the time of writing (October 2011) 1 BTC is trading around $2.50 - $3.00 USD. In a forum ...
10
votes
8answers
1k views

What are the obstacles to pegging the value of bitcoin to an established stable currency?

Many people will not touch bitcoin due to it's historically extreme volatility. Many new currencies have pegged their value against an established currency until such time as it is sufficiently ...
10
votes
2answers
6k views

Is the value of “satoshi” fixed or dynamic?

BitCoin Wiki (Transactions) states: ...1 BTC = 100,000,000 Satoshi... Yet BitCoin Wiki (FAQ) states: ..."satoshi"... is smallest denomination currently possible In the future when the protocol ...
10
votes
4answers
840 views

What is the ecological effect of increased work for the Bitcoin chain?

As more users use Bitcoin and "forced work" difficulty increases what effect does this have ecologically? It is a silly question I know. I'm just comparing let's say value or effect of using ...
9
votes
3answers
7k views

Relation between Network Hash-Rate & bitcoin value?

how is the relation betweeen network hash rate to healthyness of bitcoin, such as bitcoin value compared to USD, or the growth rate of this currency?
8
votes
3answers
539 views

What can be done with a bitcoin besides exchanging it for goods or services?

Some people have described a bitcoin as a commodity, but every commodity I see on this Wikipedia page seem to have a non-financial purpose, which also gives it a financial value. What can be done ...
8
votes
2answers
836 views

Trying to understand the bitcoin chart

I'm trying to understant this bitcoin chart, but there's no indication of what's the Y axis. The "200K" means the value in dollars? Or in bitcoins? Or what? I'm trying to check out the value of a ...
7
votes
2answers
14k views

How much is a mining pool share worth on average?

I know that mining pool shares have no value on their own, but it should be possible to find an average value based on the pool's average payout per share. This site describes the expected payout per ...
6
votes
1answer
522 views

Are there time-series of Bitcoins in circulation?

For a study on Bitcoin, I would like to find (or construct) a timeseries of the total value of all Bitcoins in circulation (market capitalization). At least for the last two or so years. This could be ...
5
votes
3answers
290 views

Bitcoin value vs. Supercomputing

What protects the stability of Bitcoin's value if supercomputers or some other technological breakthrough allows them to be mined at rates we have not anticipated?
5
votes
5answers
656 views

Could a futures market be included in the Bitcoin protocol?

One of the most common reasons I hear that Bitcoin is "not ready for prime time" is that because of its wildly oscillating valuation businesses can't accept bitcoins without becoming speculators. In ...
5
votes
1answer
228 views

What aspects of Money Order laws will apply to merchants who use Bitcoin?

There are several money order laws that apply to merchants who accept them. Bitcoin seems to have properties of a money order, but also some aspects of value that are driven by demand. I'm looking ...
4
votes
6answers
21k views

Where can I find a graph of Bitcoin value vs USD for over 60 days?

Bitcoin Charts seems to only offer graphs of up to 60 days.
4
votes
2answers
4k views

If cryptocurrencies have no intrinsic value, how do they originate?

In theory, anyone could create an infinite quantity of their own cryptocurrency right now. However, if you were to do this, it would have no value and, thus, it would be useless. Since value comes ...
4
votes
1answer
319 views

Is it possible to collect bitcoins? (as a collectors item)

Is there any analogy to collecting BitCoins as there is in the physical world? For example, some notriety was given to the Pizza for bitcoin transaction here, and one of the answers was able to ...
3
votes
2answers
479 views

Why did bitcoin programmers release mining code?

Why did anyone ever release bitcoin mining code, aside from promoting bitcoin and eventually raising investor awareness? Looking at a price chart, bitcoins were valued at just a fraction of a dollar ...
3
votes
4answers
407 views

Is someone trying to kill bitcoin?

I've been observing the huge increase in the price of Bitcoin over the last month (November 2013) and I can't help but think, is someone with an ulterior motive pulling the strings here? It seems to ...
3
votes
2answers
642 views

Could speculation some day rise bitcoin to the moon? [closed]

I saw too many questions about bitcoin losing value. But in my view, 21 million bitcoins is relatively less money (ie., units) than other currencies. Why wouldn't Bitcoin's value rise simply due to ...
3
votes
3answers
13k views

Where do these coins gain their value?

I have been mining coins for a long time (started with BTC/LTC years ago, moved to altcoins recently) and have realized I am not clear on the actual source of the value. Do the exchanges deem the ...
3
votes
3answers
173 views

How would Bitcoin's purchasing power be measured after fiat were gone?

Somewhere in the possible near/far future when there might not be any major fiat anywhere. What will Bitcoin's purchasing power be measured in?
3
votes
1answer
86 views

What factors can be looked at in order to come to a fundamental valuation of Bitcion?

I'm wondering if current prices are high or low. Most people I talk try to explain to me how the price chart looks like (just like at the other bubbles, right?)... Is there any means how we can do ...
3
votes
1answer
140 views

What percent of recently mined coins being actively traded vs saved?

I'm trying to understand the recent increase in BTC value in relation to mining. I am trying to answer the question Are miners (with powerful ASIC hardware) saving the BTC, and not selling them, ...
3
votes
2answers
723 views

Why is Bitcoin gaining value while so many other cryptocurrencies are not?

Every time I find a new cryptocurrency, I look at the price charts and almost every time it's constantly losing value. Ether and Bitcoin are the only exceptions, and have gained value on the long term....
3
votes
2answers
130 views

Is there any academic research on the influences of Bitcoin's long term valuation?

Is there any academic research or theories about what future events and metrics will most influence BTC's long term valuation relative to fiat currency?
3
votes
3answers
179 views

Value of Product Based on Bitcoins

If I chose to accept Bitcoin as a payment for my product, and the price of the bitcoin goes up or down, then technically I am not getting as much for my product in the long run correct? Because the ...
2
votes
4answers
13k views

What is the maximal value of 1 BTC? [closed]

If all of the world suddenly decided they want to use BTC as their currency, what would the value of 1 BTC be, as measured in today's US dollars? (Of course dollars would drop to zero in this ...
2
votes
2answers
533 views

Calculating a sum of received bitcoins

I have a list of bitcoin addresses provided by a user and I am trying to find out a sum deposited to these addresses. I am using blockexplorer.com API to obtain transactions. This is a typical API ...
2
votes
4answers
2k views

Recieve Bitcoin value notifications on iPhone

I would like every day at a set time to receive a notification on my iPhone with the current Bitcoin value in Euros. How can I have this?
2
votes
2answers
189 views

Pricing in “Bitcoin days destroyed”

Is it possible to use "Bitcoin days destroyed" as unit of currency? If yes, how to price anything using this? If no, why not?
2
votes
1answer
702 views

How does the price of 1 BTC compare to other commodities?

I'm looking for a chart of Bitcoin's price and market cap to other commodities like silver, gold, etc. Does such a chart exist? Why is this useful? Because I want to see how the USD compares to ...
2
votes
1answer
459 views

Where can I find altcoin inflation rates?

I know I can use coincap.io and CoinMarketCap to see a lot of good information about altcoin relative values, and cryptocompare has good detailed information, but where can I access inflation rates ...
2
votes
2answers
4k views

From where can I import live cryptocurrency market values into my webpage?

I am planning to build a webpage where a user can enter his/her stock of various cryptocurrencies, and the webpage should display the current market value (in USD) for each of the cryptocurrency he/...
2
votes
0answers
623 views

How to determine how many coins have been mined regardless of block count in main.cpp

Been working my way trough the main.cpp trying to see where this value is grabbed if at all. I need a way to check how many coins have been mined regardless of block count. For example if every ...
2
votes
0answers
179 views

Will the bitcoin value keep rising at steady rate, if bitcoin mining is stopped right now [duplicate]

If no new coins are created by mining after 12 million bitcoins as of today, what kind of impact will it have on bitcoin value. Transaction fees will still be set for confirmations.
1
vote
2answers
11k views

Does the value of my Bitcoin fluctuate automatically?

If you own a small amount of Bitcoin (say,$10) does one have to "invest" it somewhere for it's value to change or will the $10 fluctuate by just sitting in one's wallet and one can see the value ...
1
vote
3answers
2k views

What gives bitcoins value? A simple explanation please [duplicate]

I hear that miners solve math problems to secure Bitcoins... what kinds of problems? And why are the solutions worth "money"? Also, what does an exchange get in return for real money when they get ...
1
vote
2answers
1k views

Why have my funds in Bitcoin Block Explorer's online wallet decreased in value?

I feel I may have been cheated by Bitcoin Block Explorer whose URL is http://blockchain.info Here's the background: I am using the online wallet provided by Bitcoin Block Explorer. It contains 1.5 ...
1
vote
2answers
6k views

Where to find logarithmic graph of Bitcoin over time?

I'd like to find a logarithmic graph of the value of BTC vs the simple USD/time graph. Any suggestions of where to find that? Thank you!
1
vote
2answers
183 views

Would free energy cause a market collapse?

Consider a world where energy is free and plentiful. Bitcoin, and other cryptocurrencies, are given value since they are 'proof' of work. This work comes at the cost of: a. time b. energy By ...
1
vote
1answer
240 views

Who decides the price of bitcoin?

Okay so I understand that bitcoin's price is increasing/decreasing by its utility, its rarity on the market, how it is publicly perceived, innovations, media, investors exc.. My question is, who ...
1
vote
2answers
87 views

What is the source of bitcoin value?

From what I understood, the economic intrinsic value of Bitcoin as a currency is based on the "CPU-work" required to produce them. That is what makes Bitcoin rare enough to qualify as a currency. Is ...
1
vote
1answer
94 views

How can bitcoin coins have real values? [closed]

I had this question for some time and i couldn't have a clear answer. How can a new entity (coin) have a real value, in USD for example, and be able to trade with it when it has no real life ...
1
vote
1answer
100 views

What is the point of Bitcoins if every transaction has a fee?

You can't use them without it costing you money! I am asking because I want to give some of my bitcoins to a friend. It is a gift not a transaction. I don't think it can be useful as a currency if it ...