In my opinion, the true value of bitcoin is decentralized and it contains latent power and is capable of creating breakthroughs without any limit on its value. The true value of bitcoins is the value of intellect and charm, human needs.
Topic: What is the real value of bitcoin and cryptocurrency - page 6. (Read 10380 times)
I think the price is determined by simple demand and supply. Scarcity also plays an important role.
I understand your point though. I kind of suspect that bitcoin/crypto has an advantage over others due to early adopters & believers holding large amounts of coins unlike the case of governments holding much of gold supply for example which makes the price easy to manipulate.
indeed, with demand and supply and limited supply forming the price movement of bitcoin. but I think even though gold has an unlimited supply, but gold has high trust from all peopleI understand your point though. I kind of suspect that bitcoin/crypto has an advantage over others due to early adopters & believers holding large amounts of coins unlike the case of governments holding much of gold supply for example which makes the price easy to manipulate.
It is driven by demand and supply and accordingly the prices keep on fluctuating . Though the big whales when enter they prices surge quickly and on selling them to drops as well vastly . Thus their demand in future drives the prices to greater extent .
I would like for solid, reliable metrics to be developed to price bitcoin. I suppose because it is such a new asset these metrics have not yet been established. For now, the price is simply based on supply and demand by many parties on exchanges. That the use of the coin continues to break records despite a somewhat inflated price is quite telling about the potential of this asset.
I doubt that there could be metrics to developed on how to determine the price of bitcoin. Even exchanges has different prices, so yeah, trading volumes, supply and demand, and how much are people willing to buy is the deterministic factor.
in fact i think that bitcoin gain it value from itself and its features, this is a relatively unseen technology that suggest new ways to do things, basically it will benefits from continious boost that will allow it to follow a certain pattern and eventually this will stop being called hype.
Exactly, we haven't seen this technology, the market is fairly young so it is hard to at least weight this assets for now. Just 10 years in the making, but currently the best performing assets, what more can you ask for?
I think the price is determined by simple demand and supply. Scarcity also plays an important role.
I understand your point though. I kind of suspect that bitcoin/crypto has an advantage over others due to early adopters & believers holding large amounts of coins unlike the case of governments holding much of gold supply for example which makes the price easy to manipulate.
indeed, with demand and supply and limited supply forming the price movement of bitcoin. but I think even though gold has an unlimited supply, but gold has high trust from all peopleI understand your point though. I kind of suspect that bitcoin/crypto has an advantage over others due to early adopters & believers holding large amounts of coins unlike the case of governments holding much of gold supply for example which makes the price easy to manipulate.
First and foremost since the bitcoin price tend to follow a quite snappy dynamic it is hard to really apprehend its real value. basically market cap is derived from the number of active user on the network multiplied by the bitcoin price. in the end bitcoin market cap always tend to be far above expert' expectation, but does it mean it is overvalued. it is understandable that bitcoin appears like it has availed from the hype it created throughout the internet communities, but i think that the hype is gone now since its creation and guess what bitcoin still follows the same pattern and cycle it used to, hinting that somehow it could benefit from this hype but is not driven by it alone.
Like any market, bitcoin price assess on supply and demand while buyer and seller determine the value. according to a recently read article on investopedia, expert follows the Metcalfe'law to determine the value of a network which suggest to square the number of network user, in that scheme expectation is far below the current market valuation, but where does bitcoin gain its real value?
in fact i think that bitcoin gain it value from itself and its features, this is a relatively unseen technology that suggest new ways to do things, basically it will benefits from continious boost that will allow it to follow a certain pattern and eventually this will stop being called hype.
https://www.investopedia.com/news/bitcoin-overvalued-researchers-say/
The market is still very volatile now and until we really get to a stage where bitcoin becomes a stable coin before we can get the real value of bitcoin out, for now, the only value that I follow is the one that is being displayed on coinmarketcap, but I know that many people have told me that is not the real value.Like any market, bitcoin price assess on supply and demand while buyer and seller determine the value. according to a recently read article on investopedia, expert follows the Metcalfe'law to determine the value of a network which suggest to square the number of network user, in that scheme expectation is far below the current market valuation, but where does bitcoin gain its real value?
in fact i think that bitcoin gain it value from itself and its features, this is a relatively unseen technology that suggest new ways to do things, basically it will benefits from continious boost that will allow it to follow a certain pattern and eventually this will stop being called hype.
https://www.investopedia.com/news/bitcoin-overvalued-researchers-say/
Whatever the value is in the unseen world, the real one which has been reflecting in most of the transactions I have done on exchanges is the one that we see on coinmarketcap. Until the market become less volatile, that is when we will see the real value of BTC that we have been having at the back of our mind.
We cannot determined the real value of Bitcoin but we glad to see some price action (pump) this past few month bitcoin still a good one to hold like gold or even stronger to this one.
In the future some expert, analysis predicted that Bitcoin will become super uptrend or the price become higher and higher but right now we cannot know the real value of Bitcoin.
I think the price is determined by simple demand and supply. Scarcity also plays an important role.
I understand your point though. I kind of suspect that bitcoin/crypto has an advantage over others due to early adopters & believers holding large amounts of coins unlike the case of governments holding much of gold supply for example which makes the price easy to manipulate.
indeed, with demand and supply and limited supply forming the price movement of bitcoin. but I think even though gold has an unlimited supply, but gold has high trust from all peopleI understand your point though. I kind of suspect that bitcoin/crypto has an advantage over others due to early adopters & believers holding large amounts of coins unlike the case of governments holding much of gold supply for example which makes the price easy to manipulate.
First and foremost since the bitcoin price tend to follow a quite snappy dynamic it is hard to really apprehend its real value. basically market cap is derived from the number of active user on the network multiplied by the bitcoin price. in the end bitcoin market cap always tend to be far above expert' expectation, but does it mean it is overvalued. it is understandable that bitcoin appears like it has availed from the hype it created throughout the internet communities, but i think that the hype is gone now since its creation and guess what bitcoin still follows the same pattern and cycle it used to, hinting that somehow it could benefit from this hype but is not driven by it alone.
Like any market, bitcoin price assess on supply and demand while buyer and seller determine the value. according to a recently read article on investopedia, expert follows the Metcalfe'law to determine the value of a network which suggest to square the number of network user, in that scheme expectation is far below the current market valuation, but where does bitcoin gain its real value?
in fact i think that bitcoin gain it value from itself and its features, this is a relatively unseen technology that suggest new ways to do things, basically it will benefits from continious boost that will allow it to follow a certain pattern and eventually this will stop being called hype.
https://www.investopedia.com/news/bitcoin-overvalued-researchers-say/
The market is still very volatile now and until we really get to a stage where bitcoin becomes a stable coin before we can get the real value of bitcoin out, for now, the only value that I follow is the one that is being displayed on coinmarketcap, but I know that many people have told me that is not the real value.Like any market, bitcoin price assess on supply and demand while buyer and seller determine the value. according to a recently read article on investopedia, expert follows the Metcalfe'law to determine the value of a network which suggest to square the number of network user, in that scheme expectation is far below the current market valuation, but where does bitcoin gain its real value?
in fact i think that bitcoin gain it value from itself and its features, this is a relatively unseen technology that suggest new ways to do things, basically it will benefits from continious boost that will allow it to follow a certain pattern and eventually this will stop being called hype.
https://www.investopedia.com/news/bitcoin-overvalued-researchers-say/
Whatever the value is in the unseen world, the real one which has been reflecting in most of the transactions I have done on exchanges is the one that we see on coinmarketcap. Until the market become less volatile, that is when we will see the real value of BTC that we have been having at the back of our mind.
We can not find the real value of Bitcoin and other cryptocurrency, because such a value does not exist. Bitcoin, like other types of cryptocurrency, have a price only for a certain period of time. This is due to the fact that the price of cryptocurrency is formed exclusively on the ratio of supply and demand, and these parameters are never constant.
I feel the only time we will really know the value of bitcoin is when supply becomes very limited of exhausted, by that time, the law od demand and supply will no longer play out on BTC and I dint think hype too will work again, but the circulating currency will determine the real value of BTC.So for now, it means we will not know the real value of BTC other than the once we are being shown on exchanges until later in future when demands becomes far higher than supply, then the real value of bitcoin will show its face because there will be very little movement in the price of bitcoin then.
Bitcoin has no backing, it has no value at all aside from what people give it a value, there is a talk about how the miners give it a
worth because it costs this much to mine and that much for miners to get one bitcoin and all that but remember bitcoin cost like 5800 before the drop and it dropped even further down because as long as someone with a lot of bitcoin sells their bitcoin there is not much miners will be capable of doing and eventually difficulty will drop to make it easier to mine and drop the cost anyway.
This is the reason why bitcoin only worth what we think it worth and in the sense of "value" it has no value like any other product but at the same way fiat currency has no value neither, they stopped the gold standard decades ago so dollar worth what we think dollar worth too which means its okay for bitcoin to have no true value but only a worth.
worth because it costs this much to mine and that much for miners to get one bitcoin and all that but remember bitcoin cost like 5800 before the drop and it dropped even further down because as long as someone with a lot of bitcoin sells their bitcoin there is not much miners will be capable of doing and eventually difficulty will drop to make it easier to mine and drop the cost anyway.
This is the reason why bitcoin only worth what we think it worth and in the sense of "value" it has no value like any other product but at the same way fiat currency has no value neither, they stopped the gold standard decades ago so dollar worth what we think dollar worth too which means its okay for bitcoin to have no true value but only a worth.
I think the price is determined by simple demand and supply. Scarcity also plays an important role.
I understand your point though. I kind of suspect that bitcoin/crypto has an advantage over others due to early adopters & believers holding large amounts of coins unlike the case of governments holding much of gold supply for example which makes the price easy to manipulate.
indeed, with demand and supply and limited supply forming the price movement of bitcoin. but I think even though gold has an unlimited supply, but gold has high trust from all peopleI understand your point though. I kind of suspect that bitcoin/crypto has an advantage over others due to early adopters & believers holding large amounts of coins unlike the case of governments holding much of gold supply for example which makes the price easy to manipulate.
that's the features that offered by crypto and create the demand.
I think the price is determined by simple demand and supply. Scarcity also plays an important role.
I understand your point though. I kind of suspect that bitcoin/crypto has an advantage over others due to early adopters & believers holding large amounts of coins unlike the case of governments holding much of gold supply for example which makes the price easy to manipulate.
indeed, with demand and supply and limited supply forming the price movement of bitcoin. but I think even though gold has an unlimited supply, but gold has high trust from all people I understand your point though. I kind of suspect that bitcoin/crypto has an advantage over others due to early adopters & believers holding large amounts of coins unlike the case of governments holding much of gold supply for example which makes the price easy to manipulate.
I think the price is determined by simple demand and supply. Scarcity also plays an important role.
I understand your point though. I kind of suspect that bitcoin/crypto has an advantage over others due to early adopters & believers holding large amounts of coins unlike the case of governments holding much of gold supply for example which makes the price easy to manipulate.
I understand your point though. I kind of suspect that bitcoin/crypto has an advantage over others due to early adopters & believers holding large amounts of coins unlike the case of governments holding much of gold supply for example which makes the price easy to manipulate.
Bitcoin and crypto price value are both volatile, so we cannot say or none of the community can't able to say the fix price of it whether it is bitcoin or altcoins. On the contrary when bitcoin goes up most altcoin dump its price while bitcoin goes down most of the altcoins goes up
something like that vice versa.
something like that vice versa.
Currently we are seeing volatile value of bitcoin and crypto, because whales are manipulating the market too much. Once bitcoin become more stable, we will see many people accepting bitcoin as payment. That is when we will see the real value of bitcoin and it will be much more higher than the current bitcoin price.
I think the value of bitcoin is found in its intrinsic importance so that at every point, you know that it is an access that can worth a price you don't even expect because of its utility and volatility. People now hodl it as an asset.
Bitcoin when it was created and it was stated in its whitepaper is that it is supposed to be a more secure and decentralized alternative for using fiat money, but as time went on and due to the fact that it has limited supply its price went up and people started moving away from that idea of using bitcoin to buy and sell things to considering it a type of investment that needs to be stored and saved, the real value of bitcoin and cryptocurrency to me is a way for us to free ourselves from the control of the government and banks that they have put on us with the fiat that dominates everything in our lives, but people really forget what they are really about.
The value of cryptocurrency is definitely been really difficult to predict and we cannot make sure that changes very quickly when it reaches a goal then only you can say this is the price for that and we cannot say the cryptocurrency will not worth also
The real value of Bitcoin will depend on us on how well do we use this as a cryptocurrency for payment usage or as an investment asset. The price will depend also on the supply and demand of the market and there are certain times when the hype comes.
In a few years, what I saw about travel, Bitcoin and cryptocurrency did not find genuine value because prices fluctuated so quickly according to the level of demand, but I don't think that's a big problem because Bitcoin is like an investment that will continue to pump on demand, the hype is always there at certain times don't assume everything is quiet when the market is pumping well.
Number of active users is not a good metric, for example 1000 small users are less impactful than one billionaire user - you get the idea.
Bitcoin markets are pretty free, so I see no problem with taking market value as real value - it's the best one we have, all other metrics unless someone will actually agree to make exchange with those rates - this is economics 101. If you think that some calculated value is real, then treat it as prediction, and if Bitcoin will become stable at that value, then you were right, otherwise you're wrong.
Bitcoin markets are pretty free, so I see no problem with taking market value as real value - it's the best one we have, all other metrics unless someone will actually agree to make exchange with those rates - this is economics 101. If you think that some calculated value is real, then treat it as prediction, and if Bitcoin will become stable at that value, then you were right, otherwise you're wrong.
but i think that the hype is gone now since its creation
Hype is probably gone in your opinion but it's just getting started to retrieve itself until it comes back to the high price that everyone is expecting now, so the growth will come naturally.basically it will benefits from continious boost that will allow it to follow a certain pattern and eventually this will stop being called hype.
Yes, calling the growth of bitcoin as hype will be stopped soon once it stabilizes.Jump to: