What is the value of bit coin?

The correct way of knowing the bit coin value is by comparing its qualities as a currency and payment network to the alternatives, there are many dimensions to value storage and transfer.

But bit coin certainly have values of a different kind: it may be currencies and the states in which they can be controlled.

Intrinsic Value: If just starting to think about money, this is where you’ll find Bitcoin an obvious failure. No major currency has intrinsic value.

Transferability: Bitcoin is good with transferability-and best than any physical currency and quite a bit better than any other payment system. Not only bit coin transition is fast but also, it has no limits and fairly quick.

Cost: Bitcoin is totally free it takes no charge of any transaction.

Inflation-Resistance: This is the most important feature of bitcoin that its value never increases it increases by past decade and till now it has same value as it have at that time.

Deflation Resistance: Deflation can theoretically cause an economy to seize up, with everyone refusing to buy in anticipation of his or her money gaining in value over the short term.