Topic: What is a bitcoin REALLY worth? - page 3. (Read 1433 times)

        Bitcoin, the digital decentralized one was introduced by an unknown person or company named by Sathoshi Nakamoto in the year 2009 . Bitcoin introduction sowed a way in the life of several people who were struggling for job and this changed the life style of people and it became a blessing for the those unemployed and those who were trying to make both ends of life to meet together.  Bitcoin doesn't exist as fiat currency but it is an online transaction.

As far as I know the price of mining of one bitcoin is 3100$ without cost of miners, so there is no way that price will drop below this level. It is only one point also we should consider the game makers who also will not allow to drop the price.

What’s Bitcoin really worth? This question might really drive you mad if you think hard enough about it. $0? $10? Maybe $1,000,000 for one coin? The range of the numbers can make your head spin but it is the explanation behind the number that matters. For the most part, investors don’t have a good reason why Bitcoin is worth this or that, apart from claims that “it will take over the world” and so on. This hasn’t stopped people from trying, though. Is it even important for short-term traders? Can it boost profits on our hypothetical positions?

In an article on the Bloomberg Businessweek website, we have stumbled upon a number analyses of the value of the cryptocurrency. We read:

It took two economists one three-course meal and two bottles of wine to calculate the fair value of one Bitcoin: $200.

It took an extra day for them to realize they were one decimal place out: $20, they decided, was the right price for a virtual currency that was worth $1,200 a year ago, flirted with $20,000 in December, and is still around $8,000. Setting aside the fortunes lost on it this year, Bitcoin, by their calculation, is still overvalued, to the tune of about 40,000 percent. The pair named this the Côtes du Rhône theory, after the wine they were drinking.

If this sounds pretty definite, it actually isn’t. What the two economists used to value Bitcoin is called the quantity theory of money. Without getting too technical, it is a relatively simple equation which lets you recover the value of the currency. The caveat here is that this method is sensitive to the underlying assumptions and inputs. One of the crucial inputs is the value of what the currency buys and things go downhill from here pretty quick.

Does Bitcoin support $1.2 billion in payments? Or maybe it’s transmitting money from illegal activities and we should include this in the figure? Or it’s not that important what kind of resources Bitcoin transmits today but we should focus on what it will transmit in a year (two? three? ten?) and calculate what it’s value is going to be going forward? So, even though we do have an established model, the uncertainty about the critical input is a hindering factor.

Just how hindering is it? We could sugarcoat it, but we won’t. It’s simply too important a matter for Bitcoin investors and the hard facts are that the final value you get varies wildly depending on what input you use. For a static approach, where we focus on the current value of goods Bitcoin buys, a very conservative estimate would be the $20 for one Bitcoin we mentioned before. Different figures for what is bought for Bitcoin give answers like $600. This is still well below the current price. So, if you were to believe in the application of the quantity theory of money to Bitcoin, this would be a bearish implication.

Changing the approach from static to dynamic and assuming Bitcoin might actually become a safe haven the way gold is could give a target of $260,000 to $800,000. OK, by now you probably get the idea. Various principled approaches give results ranging from $20 to $800,000. If you consider different approaches, perhaps even more. What does this mean for you and your decisions?

The first clue is that if we don’t see any evidence of Bitcoin gaining more users and becoming a part of the fabric of the payments system or reacting strongly as a safe haven, then the currency might be trading too high.

The second one is that it is precisely the number of people willing to buy or sell Bitcoin that you have to observe. There are a lot of people who could potentially be interested in Bitcoin but don’t have access to it. It might be the case that the rally to the all-time high in Bitcoin was connected to the launch of first regulated Bitcoin derivatives. At the same time, one of the most striking characteristics of the Bitcoin market is that a vast majority of buyers has no concept of Bitcoin value altogether but ha simply bought the currency in the anticipation of a move up. With Bitcoin not going above the all-time high for some time now, these buyers might be shaken out of the market, fueling further declines. This is precisely the point where short-term considerations become important and so we’ll move on to the technical part of today’s analysis. In other words: for short-term positions, technical factors might be a lot more important that what Bitcoin is theoretically worth.

There is an opinion that by the time of approaching the emission maximum, the demand for the untrained bitcoin will be huge. Due to insufficient supply on the market by this time, the price of crypto currency will be huge. Therefore, the defenders consider the current moment to be ideal when it is better to buy bitcoins.

bitcoin is said to be valuable when the bitcoin has reached a very high level and has become a priority for bitcoin users, and that's what I think....

Worth of bitcoin is helps me and every one to earn much money and bitcoin is a symbol of a easy way to earn money and it will change the economy with low rates of economy
Bitcoin doesnt have a price stability it depends on the movement of the market

What you are trying to do and estimate the price of bitcoin based on antminer price... Well, it should be the other way around, the antminer will sell for this and that price ONLY IF the expectation of a buyer is that bitcoin will have this and that price in the future.

We can earn and have an extra income through bitcoin by joining a bounty signatures.We have a future if we will continue working on bitcoin and work hard for it.It sustained our daily expenses and to achieve our wants and goals in our life.It's flactuations of price increasing and decreasing day by day it helps us to have more profit if we have an investments.Invest in bitcoin for us to experience the worth of it and enjoy big profit and know that it is really worth it.

Yeah, that is what I am hoping also. The price today will be worth for holding the long time because the price even not reach the value before and increase slowly, time will come that we can get huge profit from it. We can see its worth when we keep believing and have patience for the price to grow up and do not contribute on the fall.

the bitcoin is really worth saying that we BTC it is known for all the coins because it is called a coin mother without the equivalent of the BTC price compared to other coin

Bitcoin is most popular crypto currency in digital world. You can't touch and see that is Bitcoin. Reality that you can exchanged Bitcoin with doller or other currency.

bitcoin has emerged when the typical world economy was the United States .. entering the period of crisis, insightful in that situation bitcoin was born and brought to people especially economic people have the opportunity to support In terms of capital, they have capital to reinvest

Bitcoin is most popular crypto currency in digital world. It brings to the attention of investors and people a great new and innovative way of paying, distinct from all the past forms that people have used on a blockchain basis. Bitcoin brings huge profits to those who care and invest in it very early, I really believe in the better future of bitcoin in the next few years.The value of bitcoins are only really determined by the number of people who are determined to have it. The more backed up it is the higher the value it would be.

With Bitcoin's current price decline, we all know that now is the right time to buy Bitcoin. This price drop can be a frightening specter for some people, but for people who are not afraid of risk and have known Bitcoin for a long time, they will see this as an opportunity to get as much profit as possible. Do not wait to buy and collect Bitcoin as much as possible, because we do not know what will happen in the future in the near future or in the long term. It's possible that Bitcoin's price will decrease to lower, and Bitcoin's price will probably increase soon. So you should make the most of this opportunity.

    Bitcoin really worth as a digital investment. It gives work to those jobless and give a lot of profit for those strongly believe and invest on it. Bitcoin price is volatile,no one can predict exactly the price of bitcoin because it depends on the movement of demand and supply in the market.

Someone did the calculation recently, I think it costs $5,500 to mine a Bitcoin. Add a premium to account for its characteristics and utility I’d guess somewhere around $7,650 🙂

The value of bitcoin is determined by how frequent people who are desperate want to buy bitcoins. Other people are talking about supply and demand. They are right, but I have another point of view. If there was only one buyer of the entire bitcoin market and that buyer is willing to pay 1 million US dollars for one bitcoin, the market price of one bitcoin would be 1M USD. Sound`s crazy, but it`s true. It`s like buying a rare painting. But, the price for bitcoin in 2018 will grow up a little bit, but not so fast as in past years. I hope and think that it will slowly.

We should consider another outcome. The correction is really long and people desires of becoming rich grow intensively. The temps of market recovering may become the real rocket, that we have never seen before.

I have to say I have thought of this before. Like what exactly makes or determines the price of bitcoin. Then I remember this. If I have something in limited supply that many people want, the price will go up for those who can afford it. But if many people have something that other people want, then the price will be cheaper because the supply of the item is no longer limited and sellers will reduce the price. This demand and supply forces are responsible for the price movement and not the exchanges

Bitcoin really worth it because of good investments .
Because of good investments a lot of people benifits .
By the help of bitcoin lifes of many people changed.