Bitcoin Forum

Most of us know that the majority of the bitcoin price (if not 90%) is caused be speculators, traders, and hoarders. What would be the actual price of bitcoin if exingent circumstances caused all these players to be removed? What is the price of bitcoin based on it's underlying economy? I understand that there is this 'trendline', but alas, the trendline itself is composed to speculative prices. If you would like, support you answer with mathetmatical figures regarding underlying businesses, the velocity of money, etc.

Tera :) you should be more optimistic that's all what  I want to say :)

Perhaps you have some right. But ... too pesimistic for me.

I would guess less then 12$ regarding to transaction to buy stuff. It is like what was the value of the internet in 1990. EDIT: What was the price of domains 1990 without speculation.

If there weren't speculators and hoarders it would still be a curiosity being batted around the crypto mailing list.

Go and get some fresh air.

Hey how do you know I'm being pessimistic? I couldv'e been one of the guys who voted for option 1  :P

Were you?

Well we know the fair value for its potential, a LOT.

we know the underlying economy is very small. I dont think it could be easily measured, its a drop in the ocean.

we know what it's worth if not for speculators (zero - it wouldnt have gotten off the ground if not for specuators)

although the underlying economy right now could not be sustained without the support of speculators so I say thats a bad question. It's subjective, simple.

bitcoins are worth $507 at time of typing - thats how much.

TERA, bitcoins are valuable to YOU because you use them to get more bitcoins. And you're not the only one. Your trading account earns you thousands of dollars. Altcoins don't have the liquidity or market cap and stocks aren't volatile enough.