Topic: Fair Price of Bitcoin: $518? - page 3. (Read 4609 times)

300 dollars is only a few weeks away , dont worry. im thinking we'll get at 500 in maybe 2 Months or so ?
Price have slowly been going up , but been sinking because of people losing hopes ( exchanges getting hacked etc )

There is no such thing as ''fair'' price in business.
In business value or price of something is always dependent on supply and demand.
It's simple like that

I dunno, you can't really put an equation on the price. Like many others have stated it's a free market and people can sell for whatever price they'd like while other will buy at whatever price they like. THIS IS WHERE THE HUGE UPSIDE POTENTIAL IS. All you need is a large demand with a limited supply and the price could surge very quickly. We saw it in 2013, and I expect we'll see it again.

Yes but before I purchase some I hope it goes up.Today i will purchase about 10 btc and hold them til i see at least 100 usd in profit.
Seems like the best way to use the bitcoins holding and profit when price rises.

First of all, I said "I would like to see", I didn't make any prediction, whereas you not only made a prediction, you stated it as if it were fact.

Anyway the reason I would not be surprised with exponential growth is based on the possible displacement of several trillion dollar markets, such as gold.

Do you? The price may swing down to under $100 in a month, but I don't think one btc is gonna reach $10,000 unless theres a ton of inflation.

Do you have any facts or data to support your opinion?

What actually do you/they consider as fair price ?
The price is always fair with one person's perspective but it will never be fair as same .
If you're looking for fair price , just put some in paper wallet for a year or two .
if you use them for buying/selling/trading , it's always fair price .

I'd like the bitcoin ecosystem to develop to the point where it stands ready to take the place of fiat currencies, if and when the managers of fiat currency run them into the ground through mismanagement and deficit spending. It would (will?) be cataclysmic watching the US Dollar and other major currencies go thru a hyperinflationary spiral, but that's really what I expect at some point (granted, the Euro will probably go first).

I keep wondering who on earth imagines that the US Government will be able to repay them on their 30 year T-bills with dollars worth more than the initial investment today? It doesn't make any sense. That's why the Fed has had to step in and buy government debt on a large scale since 2008. The whole system is a dead corpse being kept "alive" with a mess of financial IV tubes and respirators, but at some point even that farce will wear out, and the toolbox is looking pretty empty for further "fixes."

So what is the value of bitcoins as a hedge against currency collapse? If the Euro goes down and the fallout triggers the collapse of the Yen and USD (all facing the same debt situation), who is going to be stupid enough to trust some alternative fiat if bitcoin stands ready to take its place? It would be a lot of work to convert things like equities markets over to being denominated in bitcoin and so forth, but things can happen quickly in a real crisis, if the foundation is laid. And it's being laid every day now.

Think of it this way. Considering America alone, there are <330,000,000 Americans and only ~14 million bitcoin at the moment. So ignoring altcoin possibilities for the moment, each bitcoin would grow to encompass the savings and income of over 20 people. This is why people talk about bitcoin being potentially worth a $1 million each or similar figures. It all comes down to whether a scenario like this plays out. But if there was even a 1% chance of it playing out, that would lead one to reasonably conclude that buying  a few bitcoins at today's prices is a prudent step.

pfff i would be happy if it comes back to 300 dollars im not even thinking about 500

Cost of production sets the expected selling price of an individual may be. The market price is set by spply and demand. There is low demand now and supply is huge. That is why we get a low market price now.

5 years for $1000, 15 years for $2500. Bitcoin had its huge growth, its not gonna go up 49900% again.

It should be nice that BTC could reach that price at the end of the year.
And than hoping for a further higher price the next years.
Everything is possible.

350$ is really fine price i used to love it when it was this but Should be stable only

certainly at the moment one stable price would be between 450$ and 550$.
But I have no doubt that in the coming years we will be hitting the home of the 1000$.

Considering Bitcoin's possibilities, potential, advantages, and huge space for improvement and market growth and new businesses, I'd say $518 is ridiculously low. I'd be happy to buy bitcoins for $5000 a piece or more, if it were not for the fact that (fortunately, for me) I can currently get them even cheaper!

As other people have said before: the order of magnitude of the current price really makes no sense in the long term. Bitcoin's value is most certainly NOT between $10 and $1000. It's either zero, or much higher.

Accurate statement.

I wouldn't be surprised to see a jump to $10,000 if there's an event on the same scale of the 2013 jump.

However, if you're asking me to chose a 3-figure number, $680.19. We've got to be honest, Bitcoin is worth far more than any slip of paper (or plastic) that you get from the gov't, but you have to think about how the masses would be able to use Bitcoin as well. If they're going to be converting their fiat away from... Well... Fiat, we can't have an astronomical barrier of entry.

Exactly right, its pretty stupid.

It's widely agreed that Bitcoin's value is utility and speculation based.

You sir "get it". If you can't sell a bitcoin for $518 then it is not worth $518. Unless someone wants to prove me wrong and buy bitcoins from me at $518? I'll do up to a few hundred BTC if your interested?

It might surely be Underpriced , People are realzing that slowly , just watch it grow.
*Munches some popcorn