To be honest I never expect the $10K or $7K even when the two years back so we need to be satisfied with the price.But when comparing the mining cost $7000 looks okay but $25K will be much profitable so which is fair?
Topic: Bitcoin fair value is above $10,000 - page 2. (Read 288 times)
The current value of the bitcoin is fair value for me,
To be honest I never expect the $10K or $7K even when the two years back so we need to be satisfied with the price.But when comparing the mining cost $7000 looks okay but $25K will be much profitable so which is fair?
To be honest I never expect the $10K or $7K even when the two years back so we need to be satisfied with the price.But when comparing the mining cost $7000 looks okay but $25K will be much profitable so which is fair?
What is the definition of fair value? The fair value can be decided by just 2 things, the price people willing to trade, and the mining cost of one Bitcoin.
Will saying that bitcoin's fair value is above $10,000 be a more realistic statement on the price of bitcoin? I reckon it is. But wouldn't it then make Tom Lee's price prediction of $25,000 on December of 2018 more of a surety than a slight possibility? That is only a 2.5x gain for bitcoin, which it can easily make.
i actually believe that $10k was the real bottom and after the bubble burst and correction price should have stayed at $10k or at the very least in $9k range. and i consider that particular drop that broke the $10k support a pure manipulation.
but that still doesn't make Lee's prediction possible. it doesn't matter what we consider "fair value", the current price is important and it is $7k+ and it takes a lot of money for it to go from here to $25k. even at $10k that is still 2.5x gain which is HUGE not "easy"! for 5 months.
Will saying that bitcoin's fair value is above $10,000 be a more realistic statement on the price of bitcoin? I reckon it is. But wouldn't it then make Tom Lee's price prediction of $25,000 on December of 2018 more of a surety than a slight possibility? That is only a 2.5x gain for bitcoin, which it can easily make.
Over the weekend, Bitcoin prices remained pretty stable with buyers jumping at $7,100 rejecting depreciation below $7,000. In any case, what we have is a nice bullish engulfing candlestick bouncing off a key support line at $6,000 following last week’s rapid gains. Even though our Bitcoin (BTC) longs are active in line with our trade plan, adding more with stops at $7,000 and first bull targets at $10,000 will be a nice trading plan.
From the news, Institutional involvement is and shall continue to be the lifeline of tradable assets irrespective of the exchange’s location or size.
Read in full https://www.banklesstimes.com/2018/07/22/bitcoin-btc-technical-analysis-with-institutional-involvement-btc-fair-value-above-10000/amp/
Over the weekend, Bitcoin prices remained pretty stable with buyers jumping at $7,100 rejecting depreciation below $7,000. In any case, what we have is a nice bullish engulfing candlestick bouncing off a key support line at $6,000 following last week’s rapid gains. Even though our Bitcoin (BTC) longs are active in line with our trade plan, adding more with stops at $7,000 and first bull targets at $10,000 will be a nice trading plan.
From the news, Institutional involvement is and shall continue to be the lifeline of tradable assets irrespective of the exchange’s location or size.
Read in full https://www.banklesstimes.com/2018/07/22/bitcoin-btc-technical-analysis-with-institutional-involvement-btc-fair-value-above-10000/amp/
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