Topic: Real Bitcoin Value (Read 1125 times)

we know bitcoin is a virtual money.and it is now very popular of world.bitcoin value pump day by day.it reason people use it real life and daily life.i hope bitcoin real value very day by day grow up.

Any attempt to give a real value estimate to bitcoin will be quite subjective. No one can say more or less the exact real cost of bitcoin. We can tie bitcoin to regular currency, the cost of altcoyns and so on. In my opinion, bitcoin is already overestimated at this time. However, according to the laws of the market, its value is determined by the ratio of price and demand for it.

I think bitcoin is so much valuable. In cuyrptocurrecny world we find many coins. All of the coins bitcoin is the best . Bitcoin is like than gold. The price of bitcoin is increasing day by day. Now the price of bitcoin is $11720. In future the price will be increase more than #11720. I love bitcoin so much.

WSJ is known for click-baits and senseless contents, it's not a surprise they would make something like this. The value of bitcoin will not depend on gold, rather on the market(supply and demand) alone. Though it is not that stable because it can increase and decrease by huge amounts in a very short time, but that's the point of being volatile.

Lol. Another cheap attempt at bashing the value of bitcoin. The value of bitcoin depends on a couple factors, them being: supply and demand, mining difficulty and scarcity. If you want to mine a bitcoin it will cost you around 4000$ to do so. Or you can buy one for a slightly higher price. Also the fact that there will only ever be 21 million makes bitcoin quite rare. Especially later down the road. On the other hand governments world wide are just printing money out of thin air. The circulating money isn't backed by their gold reservoir anymore so tell me which one has real value? Bitcoin or fiat?

Every bitcoin transaction need to be confirm by adding it to the public ledger which is blockchain, this procedure need to be done by miners using mining hardware and software,  this mining  setup consumes a lot of electrical energy, that's why it is stated "energy spending" in the article.
BTC price has volatile characteristic which is totally opposite to gold's price characteristic, it will never get stable like gold in future.

Don't confuse your self on fake news. Bitcoin has  value in dollar, it is already traded in many platform and you can convert it into dollar if you need fiat money.

I guess here we need first to enter the question from the other side: what is the value of dollar? - many understands it is nothing but candy wrapper. dollar value is only in printing it)))

Calling Bitcoin a miracle might be a bit too much but I do agree that the market or community dictate the value of BTC and it has always been like that not just for crypto but basically for everything else as well.

Bitcoin, dollar or gold have the same function in terms of as a medium of exchange, but these three functions are different for different cases, so all will continue to function properly. and bitcoin I think its value will stay good compared to dollar

I’m not going to say they’re wrong, neither am I going to say they’re right. They said if Bitcoin is going to replace dollar right? Very good bitcoin is not replacing dollar, so the rate is $4000 then lol.

In a way this is kind of making sense. There is how the value of every currencies are calculated, though I can’t explain it, but if bitcoin happens to be made the currency of a particular country, then it won’t even worth up to $50; especially if it’s made the currency of a third world country.

Real Bitcoin value is a trust between the people delivered by technologies. As well as the anonymity in transactions, so there is no central authority that choose the direction of the moves. Decentralisation is the true value.

The transactions don't require energy from the person sending or receiving the Bitcoin. The energy is spent by the people confirming the Bitcoin, the bitcoin miners.

Do you have a link for this article that you can share? Saying that "if BTC is to change dollar, its current value is 0" literally makes no sense. Help us by giving us more information.

Thanks.

I'm not quite sure what you mean by "if BTC is to change dollar" but ultimately bitcoin's value is going to be whatever people are willing to pay/trade for it in the markets, which right now is pretty well above zero. 

I have heard of the idea of giving Bitcoin gold backing with some sort of "Bitcoin 2", presumably through another hard fork or altcoin. In fact Doug Casey mentioned something like this in a recent article:

https://www.caseyresearch.com/doug-casey-on-why-bitcoin-could-hit-50000/

But then again, even if bitcoin (or a future version of it) ends up being redeemable for gold, people will still look at the value of gold vs. the dollar, so the perceived value of bitcoin could still have significant fluctuation in terms of dollars.

I agree to you that it maybe also an another bad news and the publisher of this news wanted to buy bitcoin at its lowest price. The news pointed not in reality but in his own view on which can affect also the readers mind.

Don't believe anything you read. The market makes the price. If anyone is willing to pay $50.000 for a single Bitcoin then that is the price. And if no one accepts infinite printed and worthless Dollars anymore, what they are worth then? I don't like articles about Bitcoin and cryptocurrencies written by people who don't really understand the market and the possibilities of cyber money.

I think it's bad news, bitcoin value is not dependent on gold and bitcoin prices can not be stable but will always go up if evenly rated, the bitcoin value of the past until now is never 0, now the bitcoin value $ 3600, you see from which side to can say bitcoin value 0.

Sometimes the thing that "scares" me the most is the financial and economic ineptitude of so many people risking their wealth and welfare in cryptocurencies. This forum is interesting but it's become far too strong an echo-chamber for bullish banter.

Sure, I won't argue in favour of the WSJ article. It's clearly a poor hit-piece with very little merit to it, however it's important to keep a couple of things in mind, and these were true well before the intervention of any media outlet.

1. Bitcoin is materially worthless. It has 0 intrinsic, physical value.
2. Bitcoin's mining system is insanely "wasteful" in terms of energy, and is a scourge to the environment (well, at the moment it pales compared to most energy-intensive industries, however it has potential to spiral out of control, and is inane).

These are simple facts, but neither of these facts spell doom for Bitcoin, not now, not ever. The value of Gold is linked to physical usefulness of the material itself. If all the financial value disappeared from Gold, it would still be worth reasonable value just from that. Bitcoin, in that sense, is closer to diamonds. Physically almost worthless, financially priceless. Bitcoin, however, is "useful" in more practical terms, solves some real-world problems--plenty more than diamonds ever will--and is attributed value because of this usefulness. Mining expenditure comes slightly into play, but isn't really what gives Bitcoin "value".

The energy problem? Eventually Bitcoin--if it survives that is--will change algorithm, and that might be a good time to fix things up in this respect, but this is just future speculation, little we can do about it right now. There are far more pressing problems, especially regarding transaction capacity and speed, but also around security and ease of use that pose much more danger to bitcoin that farm waste ever will.

So, it's true, Bitcoin is worth 0. in fact, it's worth negative money as it's a cost to "make", and a cost to "store", but this is, at the very least in this moment in time, wholly irrelevant.

And I have some cheap land in sunny Nicaragua to sell to you

curb this enthusiasm. understand that the price can go to zero; the risk of ruin is real. also understand that if we see a valuation spike like what you described, that would be equally dangerous. we would see regulation and correction EXACTLY like what we are seeing right now.

as far as the value, there is no basis for valuation, or at least we dont ascribe to one. the rampant speculation is why the majority of folks are here, self included. now that ive been along for the ride awhile, im more concerned about longevity. we wont make it far, bitcoin i mean, like this.

the regulation must come. the investor maturity will follow.

Everybody know that btc is unstoppable it will go to 10,000USD soon in the end of year and will break another records because bitcoin is made to break records around the world. Because everybody know that bitcoin is unstoppable.