1BTC is equal to 10347 dollars - page 2.

Kemarit

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Quote from: tenakha on December 28, 2018, 09:24:41 AM

IMO Bitcoin's value should be calculated according to its mining value. So while any crop is evaluated, it is calculated with the required amount of mortars to be converted from raw to ready goods. So IMO the price of BTC should be calculated in this way.

It won't simply work like that, remember there are still fee's as well and everything is based on supply and demand. There were even reports that say Bitcoin would go down below $6000 because that's the median cost of mining to make it profitable to them. But look what happened.

As for the OP, you just make things complicated. As much as we wanted to see the price hits 5 digit, it won't materialized and it will take loads of money to rain in the market again to even push it to $5000.

mercedes321

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i got a 150Kusd target for 1btc in 15 years, if we get there earlier the better, that is actually a conservative one. the most.

Oceat

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Quote from: satosibtc1000 on December 28, 2018, 06:29:47 AM

A good price for bitcoin but I think that it will not stay at this point. I don't think bitcoin will ever be stable. Perhaps it is the instability attracts people.

I agree with you on that, though it is yet to early to act and make an assumption that the price would likely be like that. But i can't say lower than that but i would say, higher than that is the most accurate when getting a digit for next Bitcoin's price. Maybe around $15k or higher than that is the most possible price i would say.

BitHodler

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Quote from: tenakha on December 28, 2018, 09:24:41 AM

IMO Bitcoin's value should be calculated according to its mining value. So while any crop is evaluated, it is calculated with the required amount of mortars to be converted from raw to ready goods. So IMO the price of BTC should be calculated in this way.

Valuing Bitcoin based on the cost of mining a whole coin is very subjective and can differ significantly from one pool to the other, which is why I am not a fan of that and probably never will be in the future.

Above $6000 the main point of people was that the price wouldn't fall below that mark because of the mining cost, turns out, the price fell below it anyway, and it has gone down real hard.

Important to note is that traders and investors don't care about miners. If they want to unload a large number of coins, they'll do it whether you like it or not, and as usual due to the slippage, the movements are significant.

clrpod

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Quote from: moseich on December 28, 2018, 05:13:47 AM

1BTC is equal to 10347 dollars

Maybe to you it is. To most people 1 BTC is equal to whatever the current market price is. Even if the price should be higher that is not the price, that is value.

El duderino_

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BTC + Crossfit, living life.

Quote from: franky1 on December 28, 2018, 07:05:02 AM

"outlets" pfft

more easily if comparing bitcoin to gold

187,000 tonnes of gold vs 17.5mill btc currently existing /mined

1btc = 187,000 tonnes / 17.5m btc
1btc= 0.0106857142857143 tonnes
1btc= 0.0106857142857143 tonnes * 32150.7 troy ounces
1btc= 343.5531942857147 ounces *$1278
1btc= $439,060.98

more of this Cheesy

Slow death

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Leading Crypto Sports Betting & Casino Platform

Quote from: kurcalas on December 28, 2018, 08:29:58 AM

It seems not possible to new ATH in next year. It may possible only end of 2019.

I'm not seeing many hopes of seeing the price surpass $ 10,000 next year, BAKKT still does not have regulators approval. A possible approval of some ETF bitcoin seems to be a mirage, so I think we'll end the next year with the $ 8000 maximum price

Quote from: santiPOGI on December 28, 2018, 08:39:53 AM

I do like the calculation and it is really good! though as the price in the market is so far away from that!

1 BTC = $3 941,92

last year it reached $20,000 and today is struggling to stay in the $4000

kogozer714

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it might be a fantastic price for bitcoin but not for now, but hopefully bitcoin will reach a fantastic price for next year. and bitcoin will find the top point again.

moseich

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AI is a fact

Quote from: tenakha on December 28, 2018, 09:24:41 AM

IMO Bitcoin's value should be calculated according to its mining value. So while any crop is evaluated, it is calculated with the required amount of mortars to be converted from raw to ready goods. So IMO the price of BTC should be calculated in this way.

The calculation of the cost of production, on the basis of cost, correctly. But if your products have no demand, then these calculations can be thrown away. And if you just counted the cost and added your income, and buyers do not buy - you will go bankrupt. We try to calculate the economically reasonable cost.

tenakha

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IMO Bitcoin's value should be calculated according to its mining value. So while any crop is evaluated, it is calculated with the required amount of mortars to be converted from raw to ready goods. So IMO the price of BTC should be calculated in this way.

nicko122

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Quote from: moseich on December 28, 2018, 05:13:47 AM

Calculate the real value of Bitcoin is not so difficult.
Take the actual data for open countries. The volume of money supply M1, M2, M3. The number of outlets that serve this currency. And we enter the capitalization of the currency as a whole.
Statistical data and calculation algorithm with links to sources, described in a separate article https://medium.com/@igormoseich/cost-of-the-bitcoin-a2d5d360a8bf
Today I am getting economically - the reasonable price of one Bitcoin is 10347 dollars.
Everything else is from speculators.
And definitely, the rate of Bitcoin will grow over time.
The only thing that I did not take into account in my calculations is the correction coefficient for restricting the circulation of Bitcoin, which unfortunately operates in many countries.

"Now we can go to Bitcoin. We take from Coinmap the number of outlets that accept Bitcoin (at the time of writing, there were 14,125 of them). The total bitcoin money supply as of December 23, 2018, is 17,436,737 BTC. Each outlet gives a capitalization of 10,316 ounces of gold, respectively. It turns out 14,125 points give a total bitcoin capitalization of 145,971,400 ounces of gold. We divide this amount by the number of bitcoins and we get one bitcoin equal to 8.37 ounces of gold. Or 10,347 dollars, respectively." An interesting bitcoin calculation, informative.

ivannalog814

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Quote from: santiPOGI on December 28, 2018, 08:39:53 AM

I do like the calculation and it is really good! though as the price in the market is so far away from that!
BTW! we can't calculate on anything in the market now, as BITCOIN is designed to have the price from the market which people declared the price.
It is on the demand and the supply in the market.

Every year bitcoin mining becomes more and more difficult. In a little more than a year there will be a half of the award. And the demand for it will grow and hence the price as well.

santiPOGI

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I do like the calculation and it is really good! though as the price in the market is so far away from that!
BTW! we can't calculate on anything in the market now, as BITCOIN is designed to have the price from the market which people declared the price.
It is on the demand and the supply in the market.

Johnyz

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Quote from: kucritt on December 28, 2018, 08:26:58 AM

at this point actually its not reach that price, but if the demand of bitcoin increasing more and more i think it will reach that price. and maybe that the price of bitcoin will reach all new high again in 2019

The OP calculates the price of bitcoin base on the total supply and not base on what we see in the exchanges. This requires more effort to see the real value but at least we know that this market is really valuable. The value of bitcoin will continue to increase for sure, and in the future the demand will be much higher than the supply.

ansarose1

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That price looks unbelievable right now, i think if the bitcoin comes back increasing then its the time to say that bitcoin has possibility of that price. Even in december of 2017, the most high peak price of bitcoin ranging $14000, that $10k plus still possible.

kurcalas

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Quote from: kucritt on December 28, 2018, 08:26:58 AM

at this point actually its not reach that price, but if the demand of bitcoin increasing more and more i think it will reach that price. and maybe that the price of bitcoin will reach all new high again in 2019

It seems not possible to new ATH in next year. It may possible only end of 2019. But first 3 quarter it is not possible. It can rise quickly but never made 2x in a few days. It will rise week by week for new ATH. So I don't think that we can see new ATH next year.

KingScorpio

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Quote from: franky1 on December 28, 2018, 07:05:02 AM

"outlets" pfft

more easily if comparing bitcoin to gold

187,000 tonnes of gold vs 17.5mill btc currently existing /mined

1btc = 187,000 tonnes / 17.5m btc
1btc= 0.0106857142857143 tonnes
1btc= 0.0106857142857143 tonnes * 32150.7 troy ounces
1btc= 343.5531942857147 ounces *$1278
1btc= $439,060.98

so much fantasy and dreaming in this sect that seeks to achieve global enslavement to their "bitcoin"

moseich

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AI is a fact

With a small bitcoin capitalization. You can not be guided only by the exchange. Any fund with a trillion dollars can swing a bitcoin price. I tried to calculate the economically reasonable cost.

Velkro

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Quote from: moseich on December 28, 2018, 05:13:47 AM

Calculate the real value of Bitcoin is not so difficult.

Your calculations are so random to me. I think ways of calculating value of Bitcoin are endless and only one is correct or even none.
Bitcoin is so valuable as people want it to be valuable. If people would understand Bitcoin better it would have even more value.

kucritt

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at this point actually its not reach that price, but if the demand of bitcoin increasing more and more i think it will reach that price. and maybe that the price of bitcoin will reach all new high again in 2019

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