Topic: The value of bitcoin? (Read 4486 times)

from the past until now the value of bitcoin cannot be determined and ascertained because it has become the nature of the crypto currency and one of the risks in investing with crypto currencies is that we cannot ascertain the value or price of the currency

The value of bitcoin is on security and limitation on supply. Maximum supply of bitcoin already pegged on 21million coin and no one control the supply. Beside that, the value of bitcoin is unhackable transaction data and its make trust on bitcoin price.

The value of bitcoin lies in the use of the holder. There are many ways to comment in a subjective way, but it doesn't have a basis.

Adams Smith wrote that the price of all things are equivalent to the human labor involved in their exploitation.   The price of gold is determined by the cost in human labor to mine it.  It can then be exchanged for another commodity which takes an equal amount of labor to create it.

Over time I have been able to find ways to place a price on stocks which I can use to evaluate what their value is to me.   I can then buy and sell based on what I determine as value at any time.   

I’m not a currency speculator but I also believe the US dollar is being killed.   I don’t like having much of a cash position but would rather be fully invested.   At this time what I see is a highly inflated value of the S&P 500.  Any bonds other the very short term bonds come with too much risk tied to the Feds low interest rate policy and the increasing money supply along with quantitative easing which is placing too much fake money on the Feds balance sheet.

After many years I have developed a feel or intuition to tell me when prices are out of line.   When it comes to bitcoin I am at a loss.   I like the core concept of bitcoin and long term it seem like it will all work out but it’s value is another issue.   I just don’t have a feel for what it’s worth in exchange for food, a house, a car, gold equivalent.  It seem that it should be relatively close in value to the cost incurred by the bitcoin miners.   How do I find out what the current cost is to mine bitcoins.  It cost to mine a well know number kind of like the PE for a stork or index?

I have started to buy small amounts which I plan to hold but I really don’t like the volatility.  It is also difficult to invest in something when I don’t really have any history to give me a clue of somethings value.  I doubt I would hold if bitcoin went over 5000.  It seems to be moving a bit too fast.
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With the rate of difficulty in getting Bitcoin these days I would say that Bitcoin really deserves the current value lol. If it was before you would see lots of platforms giving out free Satoshis to people for doing nothing and even lots of food Faucets. But this time around it is very hard for anyone to get 1 Bitcoin and it is worth that. If you get yours you should better hold it tight.

Bitcoin price value at the present time now are ranging from 6200$ up to 6400$ something. Its happening maybe because of the fluctuations, where it leads the traders to take actions every time there is a movement happen in the price value as well. But according to my analysis by 2019 Bitcoin will be fly up to moon for sure.

I assume bitcoin is priced at US $ 10,000. That's a rational price considering bitcoin is almost US $ 20,000 in December 2017. The price of bitcoin is not determined by the value of gold, because the cost of gold mining is relative. So, the indicator of rising or falling bitcoin prices is the amount of demand and availability of bitcoin on the market.

I feel that even though the value of bitcoin has fallen and I noticed it was stagnant at $6.4k from yesterday, but that value is still the best price I think, because bitcoin can still survive and not fall deeper than $5k.