Topic: What do you Think the True Value of Bitcoin Is? - page 10. (Read 2291 times)

the valie of bitcoin right now is the value that the seller of bitcoin and the buyer of bitcoin (all traders in the world) agree with that price, the price of bitocin in 2017 is very high right? its because there are panic buy that makes people buy more and more without think about the risk

the price of bitcoin up and down everyday, i think the price depends on buyer and seller.

I guess the true value of bitcoin in 2018 is $7000-$8000. I have read some article that inform that the true value of bitcoin is depend on the number of it's users, but since there are many whale that influence bitcoin price then there are some extreme fluctuations that happens.

The ATH was 20k but I honestly think the value of bitcoin will not stop at that point. It will grow even more.
We will need the hype to comeback and see another bull run soon.
I would value it > 100k in USD. We will see.

I think it's hard to value bitcoin because there are still many unknowns. Considering it is the very first cryptocurrency with a recognized brand name, I believe it objectively has a value at least in the billions of dollars. If the Lightning Network is a success, bitcoin may end up multiples higher than it is today. The price fluctuation is a result of the uncertainty over its future.

Just like any other currency, Bitcoin value is greatly influenced by who uses the currency, how many users are using the currency, and how much of the specific currency is in circulation. Bitcoin is a product of mathematics and algorithmic calculations, and influenced by the amount of trust that its users put into the currency and how well it adapts to being used worldwide. Maybe with some level of regulation it could have some stability in the future?

true VALUE is more stable then you think..
but PRICE is not constance. sometimes high sometimes low.. last year the month with the highest PRICE was december. but last december had alot of speculation in the PRICE which could not back up the underlying VALUE. thus the PRICE corrected down nearer to the underlying VALUE

learn difference between price vs value

The true value of bitcoin is not constant. Sometimes high and sometimes low but last year the month that the highest value of bitcoin is december as my frend told me. Maybe this year, the value of bitcoin rise in december again.☺

dont look at the bitcoin price and ask what is the value.

instead do some maths on the cost of creating bitcoin. (mining)
EG take the hashrate and divide it by the amount of asics needed to get that hashrate
work out the electric costs needed.

then once you have the XX electric/hour.. divide that by 6(amount of blocks per hour)
then divide that by 12.5 to get the cost per btc.

now you have electric VALUE cost.... also imagine the asic equipment has a years shelf life. so take the initial amount of asics needed and cost them at ~$850 each.. then divide that by 657000(12.5*144*365 is bitcoins mined per year) to get the physical rig cost per btc

..
scrw it. ill give u an exampl based on todays stats
hashrate: 38exahash  (38million terrahash)
2714286 asics(38m /14) (because each asic is 14thash)
each asic is 1.3kw/h
3528571kw/h

lets say electric is 5cents an hour = $176428.57 per hour
=$29404.76 per block or electric
=$2352.38 per btc for electric
now add on physical cost of rig
2714286* $850=$2307143100 per year shelf life
=6320940 per day
=$43895.42 per block
=$3511.63 per btc

so 2352.38+3511.63=$5864.01

and now you see the bottomline average cost of mining btc this month..$5864
which explains why the btc price did not dip below that value
(take into account my maths is rough/bottomiline, costs can be higher for area's that are not 5cent/kw)

now ill leave you to do some maths if the hashrate went up to 42exahash which will start to become a new hash average soon
(simple hint for lazyness.. take the end total... divide by 38 then multiply by 42, if you dont want to do it the long way round)

then you can start thinking about hashrate of the future and calculate costs..

.. then and only then look at the markt price and see how close to the cost (near bottomline value) or how far above(lots of over valued speculation) there is
..

no one can know what the exact value of bitcoin can be in the future because bitcoin is still young and many things can still happen in fact if you ask a random stranger about bitcoin he can't answer you well could be that he just hear it on the news on bitcoins bad sides like scams and the like but the price of it will surely got high in the future because it had many use cases that can transform every industry to because modern functional.

But if it will be backed by gold and manage by some institution then the key purpose of bitcoin will be gone which is decentralized, no intermediaries/even a single administrator and freedom from fiat and government institution.

Due to the national government's financial policy, BTC has not yet played the real value of Internet cryptocurrency!
It is only used by people for investment. When the price of BTC is stable, it can bring out real value!

it's a crypto market, that's why we assumed. But we don't tell actual or true value of bitcoin. Sometimes it depends on demand. I throw you an example, In december it's value was going to 20k$ and last two days ago it's value was 6300$. Now it's value is 7300. Hope you are clear, what i say.

I too would agree that the ATH price of bitcoin was only due to launch of bitcoin futures and it was not its true value.The truth is that bitcoin value would be even much higher but it would take some long time.But manipulation is continuously done by big whales which affects the gradual price increase of bitcoin.

Now peoples think bitcoin is a investment scheme and they want to make money with this currency and they need good return from their investment,
bitcoin is digital currency and its define by market with demand and supply but bitcoin true value define that time when all market and businesses start accepting bitcoins for the goods and services.

   The true value of bitcoin is not just base on the price but also on it's usefulness and popularity. The greater demand of bitcoin the more higher in value because a lot of people patronized it not just because of the highest price but because they can use bitcoin in another forms like online payment. Another value of bitcoin is that how it can help a lot of people and to reduce poverty and economic problem of every country that accept it.

The value is depend on demand, so logically if Bitcoin adoption is running good then the price should be increase. Sometime I think that maybe it will be good if all bitcoin is backed by gold. So there should be an institutions who manage that thing.

I think that now the value of ICO is much higher than btc actually that is why I found Socratus. I really like their concept - a platform for insurance companies that was created in order to make the communication between customer and insurance company more convenient and simple. It helps to get read of annoying personal meetings and paper work. With this ecosystem, companies will be able to cut operating costs, create new insurance products, deal with data analysis more efficiently and many other benefits.

Yes that is right, but i think that the true value of bitcoin is also depending on the interest of the people, if the interest of the people is increasing then bitcoin value is also increasing, i think that still people are interested therefore i think that bitcoin value will also continue increasing, i think still bitcoin has too much potential and therefore still are expecting bitcoin value to increase.