Quote:
Originally Posted by 2MuchMark
You are essentially right, but missing the point.
The value, is what OTHER people will pay for it. For example, you might buy some btc today because other people will pay more for it tomorrow. This is why if you buy a coin today it would cost you as much as it does, and why the person who bought it last year is making so much money selling it.
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Sorry I'm not missing the point at all. As I said the value of Bitcoin is whatever anyone else places on it. That includes the buyer and that includes the seller.