Topic: What is the real value of bitcoin and cryptocurrency - page 3. (Read 10354 times)
in my opinion is the real value of cryptocurrency that you can easily invest just buying a coins and make a profit and the securement of our funds is in our hands
We are in economics part of the discussion but talking about the political and global values of bitcoin we can say it worth a lot more than it looks as well.
Yeah, we like to talk about miners costs and the volumes and what not to find the value of bitcoin but why are we not talking about the value bitcoin has that can't be calculated with numbers?
For example, it allows us to send and receive money globally without using any banks or any other middleman. It helps us become our own banks without giving power to banks, it helps us have a transparent system where if used properly nobody would be allowed to scam anyone without getting caught. I mean it has so much power that we don't calculate with numbers I think that adds to its value as well.
Yeah, we like to talk about miners costs and the volumes and what not to find the value of bitcoin but why are we not talking about the value bitcoin has that can't be calculated with numbers?
For example, it allows us to send and receive money globally without using any banks or any other middleman. It helps us become our own banks without giving power to banks, it helps us have a transparent system where if used properly nobody would be allowed to scam anyone without getting caught. I mean it has so much power that we don't calculate with numbers I think that adds to its value as well.
I think the real value of cryptocurrency is it`s utility or the service that it gives to people. People are putting their money on cryptocurrency because it gives ease on transactions and could serve as bank as well, also it is used as an asset to earn a lot of profit.
I don't think anything has real value, it's all about the people, if they decide they are not going to make use of this particular thing, then it has no value. So it's the people that gives value to anything. When people stop to make use of these things they stop to have value. Bitcoin started at zero and from there it started moving up to a higher price and now it is valued in thousands of dollars, that's how it' is for everything, they start from zero/low price and move to a higher price worth.
Title made me to think something:
1. What is the real value of coin which promises anonimity, protecting of privacy and fast/cheap transactions and overall control on your own wallet.
2. What's the real value of coin which become victim of commercial guys and a lot of regulations?
First one has huge value and second one - none but bitcoin is in the middle. It doesn't answer to your question directly but here is some truth and answer.
1. What is the real value of coin which promises anonimity, protecting of privacy and fast/cheap transactions and overall control on your own wallet.
2. What's the real value of coin which become victim of commercial guys and a lot of regulations?
First one has huge value and second one - none but bitcoin is in the middle. It doesn't answer to your question directly but here is some truth and answer.
This is probably one of the most difficult issues, because cryptocurrencies do not have physical embodiment, and the amount of money invested in them does not always correspond to the market price.
The real value of Bitcoin and other cryptocurrencies can only be determined at a certain point. In the next instant, their value will be different. Since there can be no fixed price in a decentralized cryptocurrency, it is impossible to determine their value for at least one day. During this day, their price will change many times. This is one of the main features of the cryptocurrency market.
I agree that now that we still have enough supply that is going round in the market which is the cause of prices changing many times, it will be difficult for bitcoin value to be known as the supply available can still be enough to manipulate the market value anyhow, but what happens when there is no longer supply available for people to purchase?I think the price of bitcoin will become static then and that will be the only way the real value will shoe, although my friends has told me several times that the real value of bitcoin is known on an exchange through its volume which I still don’t understand, because most value that I see on exchange corresponds with CMC value.
Real value of bitcoin depends on supply and demand and bitcoin is limited supply every time price gets pumped then btc prices increase . we cant estimate the btc price but right price is good to buy
Real "value" of bitcoin is having to not depend on banks for monetary transactions and being able to do whatever you want with your money without anyone else using your money for themselves. Do you really think that banks who take your money from your company as "salary" do not use that money to profit themselves?
I am not talking about the money you put into the bank as "savings account" to get interest, even the money that you have there for nothing like salary and you withdraw whenever you need or spend is constantly used for their profits. Even if not for investing into something they use it to showcase how much money they have which gives them an advantage for the investments they make just in case. That is why bitcoin allows you to be your own bank and that is why its valuable.
I am not talking about the money you put into the bank as "savings account" to get interest, even the money that you have there for nothing like salary and you withdraw whenever you need or spend is constantly used for their profits. Even if not for investing into something they use it to showcase how much money they have which gives them an advantage for the investments they make just in case. That is why bitcoin allows you to be your own bank and that is why its valuable.
Bitcoin has really convenient functionality for p2p payments, so its value is undeniable. In turn, its real value is always reflected by the state of the market at some point
I think this is not what OP meant
It seems like he refers to Bitcoin's value which it would have if there were no speculation ("bitcoin gains its value from itself and its features"), i.e. the value which comes through its real use, for example, by having "really convenient functionality for p2p payments". The difference is that the value which is reflected by the market (read, its price at some point in time) also includes Bitcoin's utility for speculation (i.e. how much you can potentially earn with it), and I daresay most if its value comes through this utility, not so much via its real use (for payments or whatever)
The money and the cryptocurrency is different in this world because people were thinking the cryptocurrency or not like money and we don't have the opportunity to used in our daily life but when we think about the Bitcoin it will reach the people a lot in recent times and there will be lots of payment options are available now to pay directly with Bitcoin so nowadays the Bitcoin is more valuable than the normal money this is the true fact also.
I think we can calculate it depending on the marketcap plus the orders, I mean if the price is around 9 thousand dollars right now and there are more buyers than sellers it means it will go higher so 9 thousand and more is a good value to give. I don't really know how to calculate somethings value unless I am given the cost of that, like if you want to give value to something like a phone what do you do?
You calculate all the materials and their costs, you calculate manufacturing and you calculate shipping, those are about the all things that is required and you make a ton of phones so you divide all costs to phones and you get one phones value, whatever the company puts on top of it is their branding and profits nothing else. Does bitcoin have something like that? Maybe miners could tell us what bitcoin worth? I am not entirely sure.
You calculate all the materials and their costs, you calculate manufacturing and you calculate shipping, those are about the all things that is required and you make a ton of phones so you divide all costs to phones and you get one phones value, whatever the company puts on top of it is their branding and profits nothing else. Does bitcoin have something like that? Maybe miners could tell us what bitcoin worth? I am not entirely sure.
Bitcoin has really convenient functionality for p2p payments, so its value is undeniable. In turn, its real value is always reflected by the state of the market at some point. The market is influenced by many factors, so the price of digital assets, as well as any other, is unstable.
In my opinion bitcoin and altcoins are both unstable, So with Bitcoin i can not compare any of altcoins. The reason here is clearly seen, when the price of bitcoin gets enormous, the price of altcoins decreases. Reduced price of bitcoin too much, later the price of altcoins increased.
You sure, because to me, I see it differently, I believe we just left the bear market not quite long and we still have the fresh memory of the events that happened then, I believe we remember vividly that when bitcoin was extremely low which was during the bear market, most altcoins too were extremely low and none of them has been able to recover since then until the top 50 coins started recovering first following the semi bull run of bitcoin.The only time altcoins were running so high was never when bitcoin became low, it was when bitcoin started consolidating which will be the same pattern it will follow now. If you say altcoins moon when bitcoin becomes very low, then it means people should not expect any increase from altcoins now until it gets to ATH and back to bear market again.
Bitcoin and other cryptocurrencies are digital money that has value. They acceptable are a means of payment methods to those willing to accept them and the mainstream society are gradually coming to terms with them. The real value of Bitcoin and other cryptocurrencies lies in the base of their users and their demand and supply that is why they are volatile with their value not static.
For sure the valeu of cryptocurrency is purely nearby investment and holding thus if we hold more and purchase more it's going to increase the value even more than this with all the passing of time, so bitcoin has good importance in market in as much as people are adopting its value and importance as currency and as investment so bitcoin is definitely the most effective coin to invest .
Real value of Bitcoin an be measured ith supply and demand,it is just like the things we are currently using in this world.
Bitcoin and other cryptocurrencies are digital money that has value. They acceptable are a means of payment methods to those willing to accept them and the mainstream society are gradually coming to terms with them. The real value of Bitcoin and other cryptocurrencies lies in the base of their users and their demand and supply that is why they are volatile with their value not static.
For sure the valeu of cryptocurrency is purely nearby investment and holding thus if we hold more and purchase more it's going to increase the value even more than this with all the passing of time, so bitcoin has good importance in market in as much as people are adopting its value and importance as currency and as investment so bitcoin is definitely the most effective coin to invest .Bitcoin and other cryptocurrencies are digital money that has value. They acceptable are a means of payment methods to those willing to accept them and the mainstream society are gradually coming to terms with them. The real value of Bitcoin and other cryptocurrencies lies in the base of their users and their demand and supply that is why they are volatile with their value not static.
For sure the valeu of cryptocurrency is purely nearby investment and holding thus if we hold more and purchase more it's going to increase the value even more than this with all the passing of time, so bitcoin has good importance in market in as much as people are adopting its value and importance as currency and as investment so bitcoin is definitely the most effective coin to invest . real value of bitcoin ? You can just look its price on the cmc or on the wallet/exchange that you use or you can also search directly on google . as of now the value of bitcoin is $8,586.06 USD ( at this moment of writing )
Most recent exchange rate is indeed a good way to determine Bitcoin's "real" value. Another way is to look at the bottom to bottom development, which I have always found out to work better in my personal opinion. The bottoms are basically the new floors after a wild ride up, and so far we haven't dipped below past main bottoms.
I find it also important to point out how subjective valuing Bitcoin is. For one person it might be a steal or interesting entry point at $8000 while others may think $6000 is closer to what its value should be. The great thing about being able to long or short Bitcoin is that you can put your money where your mouth is and either profit or pay the price for being wrong.
The real value of Bitcoin and other cryptocurrencies can only be determined at a certain point. In the next instant, their value will be different. Since there can be no fixed price in a decentralized cryptocurrency, it is impossible to determine their value for at least one day. During this day, their price will change many times. This is one of the main features of the cryptocurrency market.
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