Topic: Fair Price of Bitcoin: $518? - page 4. (Read 4609 times)

@ Btcvilla

2012 it was at five dollars. only 3 years later at $1200. so what is unrealistic ?

I said realistically.

within 5 years i would like to see $10,000.

What is a price you would like to realistically see? But I will correct it to most.

You speak for everyone?

Well I don't agree.

Agreed although i am one of the guys who dumped half of my holdings at 287 and a little lower

Well that is all that matters that the articles are close to public opinion as it is where the price is made, to be honest i have seen a lot recently that it should be around the $500! Does this mean people will keep buying at $500 or is this where they would like it to be because 2 different things but i hope it is where people keep buying.

That is something to look forward to i guess but i enjoy the games of the manipulators if i am honest with myself i think it keeps you on your toes and it can also help you increase your stash, like you say enjoy it while it lasts! I do i do lol

If this auction does not slow it down then i agree will need a good reason to slow it down.

You heard him China, wake up guys, get us to $500 by Monday Morning! /s But I think most of us can agree that $500 is a good price to be stabled at.

Exactly, just writing down opinions in articles isnt going to make bitcoin more valuable, but the content of recent articles is kind of a public opinion right now.
It indeed is a free market, and with its grow the possible manipulations will also eventualy stop.
Enjoy the ride while it lasts, there is momentum in bitcoin price now, and its going to need some good reason to stop now.

cheers

$5000 stable price is just a sweet dream and I don't think the price will go there but I hope the price become stable at around $500

Of course they would prefer it, all currency at the start of it's life is going to be extremely volatile though just take a look at the past and you will see, the thing is it will stabilize in time maybe when we have enough user adoption but there will always be those that manipulate the price unfortunately. Is manipulation the reason why the price is said to be low? I am not sure i very much doubt it is low to be honest the market is a free market and will give the price it thinks is fair not someone writing an article.    

I don't quite understand how people think that Bitcoin is worth more than what you can buy it for at any given time.  I just think of say like a gas station, if they said, well actually the gas price is 3 dollars more than what is posted outside, we are going off speculation here, how many people would actually pay that?  They wouldn't, they would go to the next gas station forcing that gas station to lower its price.  Just like Bitcoins.  No one is going to buy for that much when they can buy for half the cost of it.  Thus the speculation will have to change.

It honestly depends on how close we attribute Bitcoin to gold.

Gold can only be predicted with respect to total store, and potentially chemically recreated one for mass production (bear with me on the Sci-Fi a little, I know it may sound stupid, but there is a point - even if it may be incorrect).

Knowing that gold's future supply is variable (as we we use the rate at which we mine it, and the amount we have mined at this rate to predict further stores, AS WELL as the sci-fi point mentioned above), we have to stipulate that Bitcoin has a different context surrounding its valuation.

We know how many maximum bitcoin there will be (in real terms obviously, not nominal terms), we also know that LESS THAN all bitcoin will be recovered (due to losses of wallets and etc.). This FIXED and SMALLER supply has a much different future discount property than the variable nature of what we might perceive our perpetual gold stores to be in the future (again, if we can manufacture that stuff, the model of comparison breaks down).

At this point, to keep it simple and not foray into the territory of delusion (aka my sci-fi comment), we should just take it that the fair value is unknown and that the gold comparison is too linear.

I will add in my opinion that I believe bitcoin is undervalued for the fact that there has been more activity in the sphere despite the lower price, and that if you aggregate the salaries of the talent pursuing the industry as well as the opportunity costs of the venture capitalists supporting them, then the price of bitcoin is not as high as it should be. Furthermore, there is a higher level of acceptance for bitcoin from big 1% companies (microsoft for example) than there was at the same time last year when the price was higher. Add to this that the current drop in price since December 2013 though large, in relation to prior drops (I remember when it went to $8 like two-three years ago) is actually smaller in magnitude and therefore implies a lesser degree of volatility.

That's my two cents, please give me some activity points LOL.

I hope by the end of the year it would be around $500, but it may take even longer to recover from 2014.

The thought of the price of Bitcoin being stable is a sad one. I don't know a thing about this model, but life doesn't tend to be fair.

Usually the price stable on $350 and for now the price is keep increasing.

Maybe it can reach $ 500++ but for not a long time

Mabey with enough time and fiat inflation it will reach $5,000 one day

Don't count on Bitcoin having price stability at $5,000, or any other amount measured in fiat.

yes after the highest reaches $1000, I thought it was a fair price, half the price of the highest prices in 2013  

Depends by what time frame we could be at that price in 2 weeks really, bitcoin can move so fast, perhaps that is the fair price, perhaps its even higher.  If bitcoin didnt move so fast this would be easier to dismiss.

Depends on when... The price is still going up strongly in the long term. We're (still) experiencing an exponential growth at this point. And Soon we may be seeing an increase of the 'real' price of $500 per year, or even per month!