Bitcoin Forum

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How to search and find the true value of Bitcoin!
Credit goes to @VinnyLingham, he was the first to spot this in 2014.
https://vinnylingham.com/finding-equilibrium-searching-for-the-true-value-of-a-bitcoin-ba5f3fcce103
Source https://twitter.com/woonomic

Live Chart - Bitcoin Difficulty Ribbon
http://charts.woobull.com/bitcoin-difficulty-ribbon/

The price of any product is purely a matter of supply and demand. A product 'This should be the real price' can not be commented, should not. If someone wants to buy the demand increases the price increases. Confidence decreases the need decreases the price falls. It's that simple.

There are many obstacles that bitcoin will face first before having it's true value like government acceptance. If 50% of the governments will banned it then it's value will only remain to 50% out of it's 100% value as the demand is only 50%.

If there are many buyers then it's price will increase and the same with it's opposite, so in my case only the government has the power to dictate the price of bitcoin.

I understand some miners will sell to pay off cost of running and logistics. But every miners are not in the same region and holding conference either to sell or hold, and we can't even determine the miners who are making more bitcoin as per individuals. What if miners want to sell and the same time whales are aggressively buying, those miners will beat a retreat or buy at FOMO. I hope this concept helps though. I will keep in touch.

No, I strongly disagree! The price of Bitcoin is dependent upon the demand of the people. The value has actually started from zero and gradually turned to a few cents and a few dollars later on. The growth has nothing to do with the government whatsoever. Everything has something to do with people putting trust on it basically because of its technology, that it cannot be controlled by any single individual or group, that it cannot even be tampered or killed, that transactions are made public therefore transparent, and that personal identities are not anymore needed in doing transactions. It is therefore the agreement among people that Bitcoin has value that put value to it.

Basically BlackFor3st point make sense.
No matter what, government action will always have impact to bitcoin/cryptocurrencies prices directly or indirectly. If they ban a coin and make it illegal, that means people who still use it will be under pressure of jail or any other sanctions whether people still want to use it or not. Eventually people will not be able to use/exchange/transact that coin publicly or freely. So the transaction volume will be less that what it should be.

Or another example just look at the past , what was the reason of bitcoin/cryptomarket pump and dump?

I believe the true value of Bitcoin is subjective as the supply and demand dictates.  One person may think that the true value of Bitcoin is over a million dollar and another person will think it is worthless, regardless of government acceptance.  It is the willingness of a person to pay according to his assessment how much he think the worth of Bitcoin is, same goes to those who sell.  Though this is influenced by the government acceptance but still it is how much an individual want to buy or sell Bitcoin and the availability in it in the market and how many are you competing on that price.

There are so many insights about this one, and for me the real value of bitcoin is the one on the exchanges. We have to stop over thinking, we just need to focus on what's on our screen and always set your goal. If the real value of bitcoin to me is around $20k then why the price is down to $10k? I hope you guys get what I mean. We have to admit it, I know bitcoin is more valuable than other currency but the demand and supply already state their price and its around $10k today.

That's right most of the government in each country they opposed it, I don'k know why they hate despite of it can help to their economy.
But others country they're not banning it instead they regulate Bitcoin to their country just like Japan, and others. And I agreed that the government has the influence to make the price of Bitcoin be increase or decrease.

But the main thing here is, the Government can sometimes influence the value of Bitcoin.
But the real value of Bitcoin is their innovation of blockchain technology. And I think that's the real reason why people still investing in it.
Besides that, Bitcoin also already been used as the main pair on almost every token or coin.

we will never find that value because this market is very speculative and there are few people or organizations who own large amount of bitcoin so they decide the way of bitcoin.miners do the same ofcourse and i think they move together.

I don't think that there any clear indication of defining the True value of Bitcoin.
All those metrics that investors have created and try to predict their true value cannot be valid. There are so many data in the industry that they cannot be taken into consideration because of their volume. Thus, always something would be missing from those calculations.

so basically this dude found a couple of cases when price stabilizes and that leads to less fluctuations in hashrate and he is concluding that the relationship is in the other direction! when will newcomers learn that the hashrate changes are the effects of the price change not the other way around.

Yes, the price dump comes first. The miners so called capitulation usually comes after that.
This idea originates from 2014.


True, but sometimes you can predict a higher or a lower demand. In the beginning of a bull market there will be a higher demand. There are rules  how to recognize the start of a bull market. Bitcoin new bull trend market started in may this year. That's why there was a higher demand and more buying in april, may, june at the higher price rather than in december at 3200 USD. When bitcoin was worth 3200 USD, this was the best buy opportunity, yet almost nobody wanted to buy. There was a low demand for bitcoin near the bottom. After bitcoin reached 7k and 8k there was a higher demand, even if the buyer had to pay twice as much for 1 Bitcoin.

Prediction is now important for crypto trader and i think it will helped everyone to khow about some information about bitcoin price markets.

The true value is whatever it is at any given point in time, because that is the price point where demand meets supply and supply meets demand. The market tells you the value in real time - currently it is $7267 - so that is the value. There is no other "true value".

Don't forget usefulness to the holders. Is it storing value? Is it secure, easy to exchange?. Value of things are not cost of production alone, this is an element many people fail to understand. The value of things are subjective to the person. It is the reason there is demand in the first place, otherwise nobody would want it as it would be completely useless. Bit it happens to be both useful and limited in supply.

This is a highly recommended read: The Theory of Money and Credit (https://mises.org/library/theory-money-and-credit) by Ludvig von Mises. (free ebook)


And this is why Austrian economics are a must to a world with Bitcoin.

These information do not really say anything about the true value of bitcoin. The true value of any product is the kinda services the product provides in the financial ecosystem. The true value of bitcoin is the kinda services its providing the financial ecosystem and the financial freedom it gives  people. The true value of bitcoin is not its value in dollars on the crypto market but its relevance in providing financial freedom...

The true value of bitcoin is an upward correction in the price of bitcoin. It can be seen that on the chart, the scale rises and the price of bitcoin rises.

I also strongly disagree. They have no idea what they are talking about. So according to them because drugs are illegal there is no market? People will still use and buy bitcoin if it is illegal.
What a clueless person. The government does what we want them to or we protest they should read a history book. If they made bitcoin illgal I would tell them to get off and keep using it. Freedom and moral value is much more important than any man-made self-serving and selfish law with alter motives.

Bitcoin was like a normal money but the difference is the price was volatile unlike the dollar that depend on the America if their economy were low. They think that bitcoin was illegal because it can transact by illegal thing. They didnt know that dollar would also can be used for that. That's why the image of bitcoin was strongly getting bad because of some people who didn't know about this and they only just say whatever they heard.

The beauty of Bitcoin is based on that, its value cannot be described by the traditional financial methods. What I can say is that there are more people developing indicators that are getting closer to the intrinsic value of Bitcoin.

Models like S2F (Stock two flow) seem to do the job well, and it's only a matter of time before anyone discovers the true value and potential of Bitcoin, even though it has been 10 years.

I think the true value or intrinsic value to be found in Bitcoin is in the technology itself, the Blockchain. If we are only looking for monetary value, this really isn't enough to determine it's true potential nor where it can go. If more adoption of the Blockchain happens, both in the public and private sectors, and more and worse practices like corruption are taken out, then more and more people will want to buy Bitcoin, store, it, use it as a payment currency, etc. We need to really see the use of Bitcoin reach critical mass, then we can get the best value out of it and also see a price rise again like we did n the early days. For now, we can speculate until we are blue in the face, but only time will tell and show its true value, over the next say five or ten years.

I don't understand this trying to "enhance" what already has the highest possible value for humanity: who has the courage to give a certain value in money to water and air? Obviously they will cost more and more when they become more limited and inaccessible, but they already have a "world heritage" value.
The same is true for bitcoin: to financial freedom cannot be attributed a hoarded value.

not only that bitcoin can be determine  its price base on addoption and demand in tha market. The more people want to buy and  have it the more the price will increase.
Unlike dollar that it is fixed and they can control the supply.

Just like what other's have said the price of crypto not just Bitcoin depends on the stock and demand so what true price are you looking for?
Other's would just tell you that it doesn't really have a true value since we couldn't use it in the real world but it all depends on our perspective.

The true value of bitcoin will not depend on its conversion to fiats or other assets. It could be found if we are to widely accept bitcoin in all means to transact in all of our transactions. Imagine, if we are buying goods with all due respect to the bitcoin itself without considering how much it could be in fiat or USD. That is considerably the true value of bitcoin, not of market price, but with the market adoption, and how people are using it productively.

Not only for Bitcoin But Every product or money's value is also fluctuate based on the demand from the people, It's true that some miner could provide Bitcoin at a low price for maintaining their mining process because it's too expensive and this is why Bitcoin price is not increasing for a long time. when you are finding it out of the true value of Bitcoin then you have to consider the comparison with USD, I think nothing would necessary for defining Bitcoin's true value when you have USD value in terms of Bitcoin.

What Is Bitcoin's Intrinsic Value?


Bitcoin offers an effective ways of transferring cash online and it is managed by a decentralized community with a transparent set of guidelines, therefore presenting a substitute to central bank controlled fiat cash. There's been a great deal of discussion about how you can cost bitcoin and we put out here to enjoy what bitcoin's value might are like in the event it accomplishes some amount of widespread adoption.

 In this post, we need in order to place a framework for calculating a place in order to long term value for bitcoin, and then to empower the viewer to create the own projections of theirs on the worth of bitcoin. (Haven't submitted your taxes still since you do not understand how in order to declare your virtual currency? Check out Investopedia's definitive Bitcoin IRS Tax Guide.)

Assumptions

 As part of the framework of ours, we make a number of key assumptions.

The 1st assumption of ours is that bitcoin is going to derive the value of its both from its use as a place of exchange and also as a department store of value. As a footnote to this presumption, it must be claimed that bitcoin's energy as a department store of worth is determined by its energy as being a place of exchange. We base this subsequently on the presumption that for anything to be utilized as a department store of value it must possess some intrinsic value, and also if bitcoin doesn't become successful as being a medium of exchange, it is going to have no useful energy and hence no intrinsic value plus will not be attractive as a department store of value.

The next assumption of ours would be that the availability of bitcoin is going to approach twenty one million as specified in the present protocol. In order to make some context, the current supply of bitcoin is around 13.25 zillion, the speed at what bitcoin is launched decreases by 50 % roughly every 4 years, as well as the supply must get past nineteen million in the season 2022. The crucial part of this assumption is the fact that the protocol won't be changed. Note that changing the process would need the concurrence of a vast majority of the computing power interested in bitcoin mining.

Our third assumption is which as bitcoin gains authenticity, much larger scope investors, and much more adoption, the volatility of its will reduce to the stage that volatility is not a concern which would discourage adoption.

Our fourth assumption would be that the present value of bitcoin is mostly pushed by speculative interest. Bitcoin has exhibited attributes of a bubble with radical price run ups and also a craze of press attention in 2013 as well as 2014. But speculative fascination with bitcoin, we believe, is going to decline as it accomplishes adoption.

 And our fifth assumption would be that the usage of bitcoin won't ever involve fractional reserve banking which all ways of saving bitcoin will be completely backed by bitcoin.

Methodology

We are going to look at bitcoin as bitcoin and also currency as a department store of value. To put a worth on bitcoin we have to project what market penetration it is going to achieve in each sphere. This content won't create a situation for how much the market penetration is going to be, but just for the benefit of the analysis, we will choose a very arbitrary worth of fifteen %, each for bitcoin as a currency and also bitcoin as a department store of value. You're encouraged to form the own opinion of yours for this projection and alter the valuation accordingly.

The easiest method to address the product will be looking at the present global worth of most platforms of exchange and of all stores of worth much like bitcoin, and compute the worth of bitcoin's projected portion. The main medium of exchange is federal government backed money, and also for the product of ours we are going to focus exclusively on them. The money supply is usually considered as reduced into different buckets, M2, M1, M0, and M3. M0 describes currency in circulation. M1 is M0 plus need deposits as checking accounts. M2 is M1 plus small time and savings accounts build up (known as certificates of deposit in the US). M3 is M2 plus large time build up and also money market funds. Since M1 and M0 are immediately accessible to be used in commerce, we are going to consider these 2 buckets as moderate of exchange, whereas M3 and M2 is viewed as money being used as a department store of value.

his explanation (https://www.avikadoctors.com/)

Citing the DollarDaze blog, we realize that M1 (that has M0) in 2010 was well worth aproximatelly twenty five trillion US dollars, which could serve as our present world wide benefit of mediums of exchange.

From similar DollarDaze blog, we realize that M3 (which consists of all of the additional buckets) minus M1 is really worth aproximatelly forty five trillion US dollars. We are going to include this as a department store of worth which is much like bitcoin. To this, we'll also include an estimate for the global worth of gold held as a department store of value. While some might use jewelry as a department store of worth, for the product of ours we'll just think about gold bullion. The US Geological Survey believed that at the conclusion of 1999, there have been aproximatelly 122,000 metric tons of accessible above ground gold. Of this specific, forty eight %, or perhaps 58,560 metric tons, was in the type of official and private bullion stocks. At an estimated current cost of $1200 per troy ounce, that depth of gold is now well worth upwards of 2.1 trillion US dollars. Since there's been already a debt in the availability of silver and governments are actually selling considerable quantities of the silver bullion, we main reason that most silver is being utilized in market without as a department store of worth, and won't include silver in the model of ours. Neither will we deal with other precious metals or even gemstones. In aggregate, the estimate of ours for the worldwide quality of retailers of worth much like bitcoin, like savings accounts, large and small time build up, money market money, along with gold bullion, arrive at 47.1 trillion US dollars.

It's your own understanding that will bring you the right value that you are looking, your own interpretation of current events will lead you to get the accuracy in accordance to your assessment and observation. Needs to get more engaged so you'll be able to make things better for your investment.

Another TA that is possible to have some insights on the market, but isn't always guaranteed. It could be a potential buy flag, and we could invest some amount into Bitcoin, though there are other factors to consider such as the market's sentiment towards another halving, their take on the future years of Bitcoin, or some whale manipulating the market, government restrictions and adoption, and so on.

For me its true value is the time when you earn it and exchange it to your local currency. In that way we're able to buy what we need and want. On the financial market its true value may depend on the price it reach and most importantly how people accept it and use it. As long as there are people using it the value stays.

Hello everybody. How to find the true value of bitcoin? Smart people say - there is only one truth, all of its interpretations - a lie. Also with the price and value of Bitcoin, what happened yesterday passed. Tomorrow has thousands of roads. It turns out that you can see the true price of bitcoin only today on any exchange trading cryptocurrency, and the true value can be found at any bitcoin holder. No need to waste time on what is hidden from us - take advantage of today's opportunity of today's value. And today it is like that - which gives us extraordinary freedom from the thoroughly corrupt and rotten banking system.

Yes, that's a very good example on how you can say that bitcoin has a value. Even to noncrypto users, they will easily understand its value once you convert btc to your local fiat currency. Show them that you can get your fiat money out of it and they will know for sure that you are saying the truth here. Sometimes, they will only believe if they will see it on their own eyes that you got your fiat from this conversion.