<p>Bitcoin doesn't have a "real worth".  It is not backed by any sort of resource.  Bitcoin is considered valuable for the same reason gold is valuable; it is difficult to acquire, there is a limited quantity of it, and people are willing to pay a relatively high sum for it.  If everyone decided they no longer wanted to participate in bitcoin and sold all of their coins, bitcoin would no longer be worth anything (assuming no one else wanted to buy into it).</p>

CC BY-SA 3.0
2015-12-13T16:56:11.623Z
2015-12-13T16:56:11.623Z
haze
<p>I have a lot of confusion about bitcoin. What is the real worth of a bitcoin. For instance currency used to be backed by gold but now a days its fiat currency all around us. </p>

<money>
What is the real value of bitcoins
Adnan
# What is the real value of bitcoins

(Asked by: username_0 on 2015-12-13)

I have a lot of confusion about bitcoin. What is the real worth of a bitcoin. For instance currency used to be backed by gold but now a days its fiat currency all around us.

**Tags:** money


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## 1 answers

### Answer by username_1 on 2015-12-13. Score: 0 | Accepted answer

Bitcoin doesn't have a "real worth". It is not backed by any sort of resource. Bitcoin is considered valuable for the same reason gold is valuable; it is difficult to acquire, there is a limited quantity of it, and people are willing to pay a relatively high sum for it. If everyone decided they no longer wanted to participate in bitcoin and sold all of their coins, bitcoin would no longer be worth anything (assuming no one else wanted to buy into it).


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