“I still have no idea what a bitcoin is.”
I know what it is, but still don’t understand what defines bitcoin’s value. I stay away.
I just learned that a bitcoin isn't rally a coin but rather it's 1 and 0s in a computer and/or a file that only the owner can transfer. And this is worth $80k per "coin"?
“but still don’t understand what defines bitcoin’s value.”
Very simple. The market determines its value.