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Topic: What is the real value of bitcoin and cryptocurrency - page 7. (Read 10376 times)

legendary
Activity: 3010
Merit: 1280
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Price is not born because of technology. Because of the demand for it on many exchanges. Everyone on earth wants to have it in their wallet, hope to make a profit in a bright future. Technological coins that bypass Bitcoin a lot, but they are not as popular as the main currency.

I also think that price depends on the demand but I disagree that technology does not contribute to it.  The technology that is imprinted in bitcoin make it interesting for everyone thus creating this so called demand.  If Bitcoin is just like any other  fiat currency, I am sure no one will get interested to it and thus be ignored.  Another thing is the needs that it tackles.  We all know that paper money is an ever inflating currency making its value goes down.  People wanted something that will appreciate overtime and that is solved by Bitcoin since it never inflate and the supply is very limited.
full member
Activity: 1092
Merit: 117
Bitcoin and cryptocurrencies are still a new technology even though bitcoin was launched 10 years ago. So I think we can't really find out the real value of bitcoin now because there are still a lot of updates to be made and we also have to consider that there are still bitcoins available to be mined.
hero member
Activity: 3024
Merit: 651
So you already have the answer.
I thought you were asking and just forgot the "?".

Anyway, that is right. It is said so mamy times here. Bitcoin is still young. It is still in its baby stage. The fact that it is still being mined is one proof that it haven't reached its full potential. All we can do now is wait and hoard more for the great outcome.
full member
Activity: 364
Merit: 101
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.
hero member
Activity: 1274
Merit: 519
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Same as other commodities, the price of crypto is derived based on the supply and demand. The market drives the price of the cryptocurrency. Since cryptocurrency is a technology that is  new  and something that is different than how we knew currency, for investors and users, cryptocurrency can be a new alternative that we can use other than fiat. Not to mention  that it brings convenience and cuts a lot of fees rather than going thru a third party in regards to transactions such as banks, that is why cryptocurrency demand is too high and the reason why it reached it's price today.
member
Activity: 332
Merit: 22
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While Bitcoin is currently far below the other altcoins in performance, it still has a significant place as a pioneer. So I think the value of a bitcoin should be at least $ 1 million.
full member
Activity: 980
Merit: 132
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/

Price is not born because of technology. Because of the demand for it on many exchanges. Everyone on earth wants to have it in their wallet, hope to make a profit in a bright future. Technological coins that bypass Bitcoin a lot, but they are not as popular as the main currency.
sr. member
Activity: 854
Merit: 281
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.
sr. member
Activity: 868
Merit: 289
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.
hero member
Activity: 2044
Merit: 784
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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.
It can be true, anyway it's not possible to measure how much this value is, it's very subjective and will always vary from times to times. Thinking this way, when btc price rises it's because its features are being exalted and praised by investors (technology of the future, easy to deal with, decentralized...), but when the price falls, it's because bitcoin features are being criticized and blamed (scalability issue, expensive transactions, high volatility...).

Actually, the fluctuations in price aren't always about bitcoin features. I think speculation and hype still play a big role in crypto currency market. Sometimes without apparent reason btc price changes a lot and it's hard to find convincing explanations to justify that (besides speculation, of course).
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
Bitcoin is a utility and the utility itself gives the value for bitcoin but that's a little bit different compared with another crypto because some security gets their value based on the how much funds that already raised by the companies. Remember the fact not all of the cryptocurrencies can be determined as utility and there was a lot of them are security and how can you determine that even some securities have the same feature like utility?
newbie
Activity: 24
Merit: 0
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/
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