It is difficult to determine the fair price of Bitcoin. Why did not have stabilized anymore. It is difficult to say whether the price will be fixed in the future.
Yes, the value of bitcoin can't be stable because it is a digital currency and ups and downs occur in it's price in daily routine. If someone want to invest his money in bitcoin then he/she should invest his money immediately rather than wasting any more time because the price of bitcoin is increasing day by day. Moreover its price will be variable forever, it depends on its demand and importance. 
Topic: What is Bitcoin's fair value? - page 2. (Read 1747 times)
Yesterday, BlackRock Strategist Richard Turnill said there’s no inherent right or wrong Bitcoin price, no fair value.
This strategist's comment is so theoretical it's almost a joke.
There is a right and wrong Bitcoin price. The test of that is whether anyone in the world would accept a bitcoin for any price above face (right now). Most people would accept bitcoin for a small premium because they'll have faith that the price would soon pass their buy price, but it's only a small amount of premium that would be accepted.
Would you buy my 1 bitcoin for $10,000? No. You'd say "that's the wrong price!"
This strategist just doesn't know how to value a currency that isn't backed by the GDP of a country. That's all it is.
Says the BlackRock strategist who'll definitely say "yes, that's the right price" to anyone who would offer him Bitcoin at say $6,500 right now. Fair value should be a very basic concept for him to grasp. Bitcoin will cost Zimbabweans more than $10,000 right now if bought locally, but there's a lot of considerations priced into that: scarcity against demand being the most obvious, but also the risk that the seller takes (that Bitcoins will be even in more demand and that local currencies are likely to bend even more in a stale economy).
When China's exchanges faced closure, similarly the extra risks for owning Bitcoin were priced in, and fair value there was 10% below global market average.
Like you said, that's the simple test - will people accept the price? If yes, then that's the right price. Simple, isn't it?
The basic factor behind its consistent use is just the control of price and nothing else decentralization simply means that the currency is not supported by the GDP of any nation and hence it requires index eats to rise or fall within a limited level. This helps to maintain the consumer rate and investment market .
It is difficult to determine the fair price of Bitcoin. Why did not have stabilized anymore. It is difficult to say whether the price will be fixed in the future.
Yes, the value of bitcoin can't be fixed because it is a digital currency. It's price is variable and ups and downs occur in the price of bitcoin in each and every second. If we look to the average point of view than the price of bitcoin is increasing day by day and if you want to invest, then you shouldn't waste your time anymore because it's price is increasing day by day. 
I think with coming years if BTC usage in reality not expands the price of BTC can drop more and more by the time.
Am I wrong?
what do you mean bro? Expand the price? ? Maybe you are talking about bitcoin value? Yes according to my knowledge bitcoin will fall if theres a cheao demand of supply but when there's a plenty of supply there a possibility bitcoin surge. I am right? Am I wrong?
I think with coming years if BTC usage in reality not expands the price of BTC can drop more and more by the time.
Am I wrong?
what do you mean bro? Expand the price? ? Maybe you are talking about bitcoin value? Yes according to my knowledge bitcoin will fall if theres a cheao demand of supply but when there's a plenty of supply there a possibility bitcoin surge. I am right? Am I wrong?
We could not determine any particular value as fair value of bitcoin.Just as gold price increases or decreases with change in demand,same would be with bitcoin.Its price is affected either positively or negatively by the market factors.Japan legalized bitcoin and thousands of retailers started accepting bitcoin payment triggering its price.China's ban on ICOs made bitcoin price to fall a little temporarily.Bitcoin's potential is that it deserves more price than what it is today.
There is nothing in this world with which we can determine the fair value of bitcoin. It is because of the reason that the only thing which determines the market price of bitcoin is the demand of bitcoin in the international market. With the increase in demand, the market price of bitcoin also increases. There is no hard and fast rule which can help us in knowing this thing that this is the faro amount.
We could not determine any particular value as fair value of bitcoin.Just as gold price increases or decreases with change in demand,same would be with bitcoin.Its price is affected either positively or negatively by the market factors.Japan legalized bitcoin and thousands of retailers started accepting bitcoin payment triggering its price.China's ban on ICOs made bitcoin price to fall a little temporarily.Bitcoin's potential is that it deserves more price than what it is today.
Gold is now in the history bitcoin and this coin has surpass all the beneficial investment and now its price is totally depending on the user trend as demand gets high price become high and as demands gets low price remain stable or start to go down and all this is the story of btc and this coin has ability to click back and now its price is at 7,5k and that’s the best price to achieve and still there is a lot of room to increase. 
The fair value of Bitcoin is what others are willing to pay for it. Right now people are willing to pay about $7000 for a Bitcoin, so that is what it is truly worth. Bitcoin and most other cryptocurrencies are valued by the free market because no government or business owns them (except for possible institutional investments). To me this means that the price is accurate most of the time. The exceptions would be when a whale pumps the price and then dumps the coin or some other manipulation of the price.
That is just the point. If there is no one willing to pay $7000+ for it, then we will just keep hanging at a particular price and if there is no real demand for it, then people would be willing to give it out at a lower value.As long as there would keep being demand for it as long as we get to a point that it becomes useful then the value is perfect at that moment and that is the worth! In short, there cannot be any fixed value for bitcoins as it is purely people's preferences to afford any price levels to buy and to use.
Yesterday, BlackRock Strategist Richard Turnill said there’s no inherent right or wrong Bitcoin price, no fair value.
This strategist's comment is so theoretical it's almost a joke.
There is a right and wrong Bitcoin price. The test of that is whether anyone in the world would accept a bitcoin for any price above face (right now). Most people would accept bitcoin for a small premium because they'll have faith that the price would soon pass their buy price, but it's only a small amount of premium that would be accepted.
Would you buy my 1 bitcoin for $10,000? No. You'd say "that's the wrong price!"
This strategist just doesn't know how to value a currency that isn't backed by the GDP of a country. That's all it is.
Says the BlackRock strategist who'll definitely say "yes, that's the right price" to anyone who would offer him Bitcoin at say $6,500 right now. Fair value should be a very basic concept for him to grasp. Bitcoin will cost Zimbabweans more than $10,000 right now if bought locally, but there's a lot of considerations priced into that: scarcity against demand being the most obvious, but also the risk that the seller takes (that Bitcoins will be even in more demand and that local currencies are likely to bend even more in a stale economy).
When China's exchanges faced closure, similarly the extra risks for owning Bitcoin were priced in, and fair value there was 10% below global market average.
Like you said, that's the simple test - will people accept the price? If yes, then that's the right price. Simple, isn't it?
I think with coming years if BTC usage in reality not expands the price of BTC can drop more and more by the time.
Am I wrong?
Am I wrong?
We know that bitcoin price are easily influenced by many things, for the moments I think the price at $7000 can be said to be a fair value right now, in the more people are getting closer on bitcoin, a lot of people more interested on investing in bitcoin, and the more of countries that has been legalize bitcoin as a currency. Of course all that's things can be affecting on bitcoin price was so high at right now and I still believe the price still can leads to moving higher again.
We can't really determine BTC fair value coz its value depend upon what buyer want to pay for it. Due to limited supply and increasing demand BTC value seems to be increasing day by day. There is no set rules and regulations that can fix price cap on it so every price is fair for BTC.
Yes, once the buyer is ready to pay what you are willing to give it out for, then I do not see anything unfair in that value. That simply means it is very much needed and same value is hard to come by from something else. We the users are in control and if we feel we want to give it out lower than what the market is giving it, then it is our choice. As long as the demand is needed most especially more than the supply, then it is a very fair value. sr. member
Activity: 378
Merit: 278
Bitcoin :open immutable decentralized global fair
What will work for other asssets won't work for Bitcoin. It has been debated on more often now as Bitcoin's proce is above 7000$ and many people now are curious if Bitcoin is now overpriced. The problem is thatwe don't know how to compute Bitcoin's fair value even the Big Investors cannot throw a number onto it. The Buyer's confidence is getting weaker and weaker everytime Bitcoin's price goes up higher.
When will central banks in the world, as an aggregate, stop increasing the supply of fiat-currency/credit in the world?
That'll be the answer.
What will work for other asssets won't work for Bitcoin. It has been debated on more often now as Bitcoin's proce is above 7000$ and many people now are curious if Bitcoin is now overpriced. The problem is thatwe don't know how to compute Bitcoin's fair value even the Big Investors cannot throw a number onto it. The Buyer's confidence is getting weaker and weaker everytime Bitcoin's price goes up higher.
Yesterday, BlackRock Strategist Richard Turnill said there’s no inherent right or wrong Bitcoin price, no fair value.
This strategist's comment is so theoretical it's almost a joke.
There is a right and wrong Bitcoin price. The test of that is whether anyone in the world would accept a bitcoin for any price above face (right now). Most people would accept bitcoin for a small premium because they'll have faith that the price would soon pass their buy price, but it's only a small amount of premium that would be accepted.
Would you buy my 1 bitcoin for $10,000? No. You'd say "that's the wrong price!"
This strategist just doesn't know how to value a currency that isn't backed by the GDP of a country. That's all it is.
maybe bitcoin is one of the biggest company in all countries it has a great investment platform and excellent compensation. Bitcoin is a new currency that was created in 2009 and of course it has been bitcoin ,but it does not change anything else they increase value or became equal to all of them.This is still important and still is a currency value .there is not equal to or bitcoin with one bit at all and the bitcoin is one of the money passed to all the banks and large stores it is used a way to be sure if you want bitcoin to money change....
The fair value of bitcoin is only when he will become a tool for economic development. When no matter how much you have coins you can't control the market. Many people do not believe in Fiat but economic laws are hard to break. The state used Fiat for their own purposes and this led to the fact that we have wild inflation. Bitcoin is now rising in price and no one is interested in the reasons for this. We can become a victim of such growth. Everything should have a purpose.
I love how the posts was based on facts and backed up by some website and knowledge about it.
I think this is the perfect definition that would make newbies understand it. There is not much of deep words and just clearly said.
I am not perfect with my English but yet I did honestly understand all of it.
Scarcity is the true answer. Anything that is getting depleted will have to be more valuable specially people are backing it up.
I think this is the perfect definition that would make newbies understand it. There is not much of deep words and just clearly said.
I am not perfect with my English but yet I did honestly understand all of it.
Scarcity is the true answer. Anything that is getting depleted will have to be more valuable specially people are backing it up.
That is no wonder why bitcoin is having so much price at the movement. According to your speculation or the article read bitcoins monetary base value is dependent on the terminal value which is also the same thing as competing with market cap value.
It will keep growing in the same way as the traditional assets do and will depend on the same things. It only differs with the decentralisation nature which different thing. That has some percentage of effect on deciding price of bitcoin because it gives freedom of investing into bitcoin.
Yes, the decentralization alone is a value and the fact that people end up knowing that the government cannot just be busy controlling their way of spending and enslaving them is what would make bitcoin to keep increasing in value.It will keep growing in the same way as the traditional assets do and will depend on the same things. It only differs with the decentralisation nature which different thing. That has some percentage of effect on deciding price of bitcoin because it gives freedom of investing into bitcoin.
The value of bitcoin at any point is fair since there is demand for it and without utility or great value, the demand would not have been high. So, even if it is tagged at $1 million, it is still a fair value as long as people need it, just the law of nature.
Jump to: