Bitcoin Forum

Wanna learn more about Bitcoin's value. For future purposes. What can you say about this topic? Thanks for the good answer(s).

It's volatile and increasing as the investment is being done by more people day by day. Bitcoin is directly proportional with the time plot and it will keep increasing as the time goes on. The technology is still developing but the speed of which is getting faster now  a days and it is expected that it will add more value to bitcoin. :-)

From my point of view, gold is the economic equivalence of bitcoin. Both are not regulated by central institutions and do not produce any wealth. The only major difference is that gold can be used in jewelry and technology. Technology usage does not represent a huge part of the gold industry. The element gold is used as money(not currency). Bitcoin is relying on its usage. Historical gold is similar with bitcoin, because gold was used in trade and investing how it today with bitcoin is. Historical gold and bitcoin are more likely valued by volume(usage) and future beliefs(speculations).

I see cryptocurrencies, especially Bitcoin, being treated more and more like a stock in future days. Stocks are bought and sold for investment purposes much like Bitcoin is now, but that activity will only increase over time.

In my opinion.

Well I agree with you if you're talking in terms of the near future because the price is speculated to grow up as more investors come on board but in the far when it reaches the saturation point I foresee Bitcoin being used as a regular fiat currency that would be used on a daily basis due to its stability then.

The current equivalent of bitcoin is gold with the difference that gold has been around for a very long time and it has a gigantic market cap and that is why you don’t see the price moving as much as the price of bitcoin moves.

This could be a great prediction. There are more and more instruments being introduced to bitcoin that make it similar to traditional stocks. Such as the Bitcoin Investment Trust, proposals for bitcoin ETFs, and bitcoin options.

Agreed. Bitcoin is a commodity and doesn't produce any wealth like stocks, so gold is the closest comparison. I'd argue however that gold's usage in jewelry and technology is only responsible for a negligible amount of its worth. If governments wouldn't store gold by the tons it would be a resource like any other metal. So like with Bitcoin, gold has only the worth that people subscribe to it.

imho bitcoin is kinda mix of gold (if we take gold as an asset) and money. Bitcoin's pricing is very similar to gold's but it is still a currency and can be traded to any other thing. But undoubtedly it's usage as a currency is not yet popular.

Bitcoin is one of the best cryptos you would find out there presently it has been able to withstand the test of
time and the value has been ever increasing, though it fluctuates analyst predicts that it would still increase
more than it has done.

Time value of Bitcoin is relevant if you want to discount the value of bitcoins you are getting in the future. Since there is no risk associated with Bitcoin, the discounted value should almost equal the value of bitcoins you are getting. However, if there is some uncertainty about the ability of the person who is paying you, the discount rate should reflect the risk that the payer might fail.

Bitcoin will keep increasing over time and analysts are predicting that the price will get to almost $8k before the year runs out, the price of the coin will keep increasing provided that the rules of demand and supply are judiciously followed.

Considering the scalability problems with high transations times and costs and don´t see BTC as a currency for everyday use, like paying for a coffe. For the short to midterm with the expectations of Big increases in price even for other times of payment it won´t spread because people will prefer to Hold or speculate on it to make money rather than spend it on everyday goods. For the long term i would see BTC more of a store of value asset than an everyday currency.