n. the worth, importance, or usefulness of something, determined by personal beliefs, societal norms, or monetary exchange
When you frame it like that, how could anyone possibly assign a value to bitcoin? There are some important considerations, for sure. This is not a new subject; ever since 2010, the world has been trying to figure out just how much this new electronic money system should be worth. At its current market cap, BTC clocks in at $1.65 trillion but that's well of its all-time high.
Value is relative, especially when it comes to bitcoin, because circumstances are always changing. World leaders, lawmakers, and regulators are always changing the playing field. Some may say "it's not a fair game," perhaps those that bought BTC in the past year over 100k. But it's a tale as old as time; the market is humbling and constantly changing.
The metrics we look at are evolving as well: exchange trading volume, net inflows/outflows on ETFs, active addresses. The blockchain makes it so that no stone is unturned. What may spook some out of the space is seeing stories like this one:
Dormant wallet from 2012 with 10 BTC transfers to Kraken deposit address (from December 2024)
While stories might that might seem unsettling, let's not forget the lesson learned from turning $50 into over $1 million -- HODL. That's right, even though a story like that may seem bleak for the future of bitcoin, I don't believe it really is. It's not "hey OGs are selling, it's over" but rather "wow, someone just made the investment of a lifetime thanks to BTC"
And it doesn't happen overnight, which is the hard part. Patience is something that is lost on many of us nowadays, in our technologically evolved world of instant gratification. So, in the end, I need to remind myself that the true value of bitcoin is the time that it unlocks down the line. Imagine what a BTC bought for $82,600 today may be worth in ten years. That's what keeps me going.
The value of bitcoin is that it's a decentralized electronic cash system, with no central authority that anyone in the world can access. If it isn't clear already, it's a savings account of the future.
Still HODLing.
The original Bitcoin faucet is long gone, but there are still ways to collect some free crypto if you invest some of your free time:
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Sign up here on Publish0x, if you haven't already, to earn free crypto for reading & writing content
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Join Cointiply and roll the faucet every hour, view PTC ads, take surveys to earn free Bitcoin, Litecoin, Dogecoin, or Dash
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Downoad the Bitcoin Cash Giveaway to collect some free BCH sats, paid out weekly
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Check out Yescoiner to easily collect some satoshis; no nonsense -- just solve a captcha. Low payout, slow drip here
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For rewards in XNO, DOGE and BTC, check out TipNano app
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Visit Stacker.news and earn some sats by posting interesting content and commenting what others share
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The most off-the-wall faucet is Crypto Junkie, offering payouts in various cryptos to Final Autoclaim & Faucetpay
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If you're DCA'ing your Bitcoin stack, try River for zero-fee recurring BTC buys & earn 3.5% Bitcoin interest on deposited USD
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Slice is a Google Chrome browser extension that allows you to earn BTC for browsing, paid via Lightning Network