Bitcoin Forum

In December the price of Bitcoin was near $20,000. Today, the price hovers around $6,500.

Which is the real value? Do you think the market is telling us the Truth?

We must understand that the launch of the CME's Bitcoin futures contracts and subsequent rise and fall of Bitcoin was not a coincidence.

The implementation of futures contracts on gold and silver have had similar effects. One needs to only wonder why was the launch of gold futures contracts was implemented at the same time the Gold Reserve Act was completely repealed. Americans were allowed to own gold again on January 1, 1975. Comex gold futures launched in December of 1974.

https://www.sunshineprofits.com/gold-silver/dictionary/comex-gold/

*Also, a Wikileaks document shows direct intent to suppress the price of gold:

https://wikileaks.org/plusd/cables/1974LONDON16154_b.html

I would beg any who are interested or invested in cryptocurrency to please do more research on the topic of price manipulation - you should come to the realization that the price in fiat of these assets does not matter, simply because it is inaccurate.

If you understand the banking system in the U.S. and understand that Gold, Silver and Bitcoin have true, intrinsic and persisting value you will understand the motive and that without question these assets are manipulated.

What is the true price of Bitcoin? $20,000? $6,500? I do not know.

What I do know is that it is worth more than the intrinsically worthless U.S. dollar we force ourselves to use on a daily basis, so I will be buying as much as I can while the price is this low.

I believe the price of a Bitcoin is much higher than $20,000 - but we may be in for a long while of manipulation before we see it again.

The best we can do is to buy as much as we can to make it as difficult as possible for the price to be suppressed. Once they lose control.....to quote all the Redditors and memes - "Then Moon."

The true value of Bitcoin:
Up to now there are 11 million Bitcoins in circulation around the world. It is estimated that by 2140, the total amount of Bitcoin can reach a maximum of 21 million. The amount is so but the true value of Bitcoin is not everyone understands. Because there are many people mistakenly think Bitcoin is the amount of money in fiat currencies (USD, Euro, Yen, Pounds, VN dong ...). However, the real value of Bitcoin is not reflected in the price. It lies in usefulness, convenience. It's also where you want to get Bitcoins. No organization can intervene and control. So the real value should be reflected in the security in the purchase and payment.
Because the currency needs to fulfill three important functions: payment, accounting and value storage. But so far Bitcoin has not become a real currency. Because payment facilities are not easy to guarantee.

Bitcoin is a digital currency that is working with a trading platform, which we have two different set of people at every point in time to make the system more stronger, therefore the two set of people simply classified as demand and supply..

Its value could be infinite. If it survives infinitely  8)

Bitcoin is volatile in nature,price rapidly changed because of some factors affecting on it specially the demand and supply. But the True Value of bitcoin is not just base on the equivalent amount of it in dollar or fiat currency. The true value of bitcoin can be seen in it's usefulness as a digital currency in terms of investment and payments for goods and services.

Yes that is right, but i think that the true value of bitcoin is also depending on the interest of the people, if the interest of the people is increasing then bitcoin value is also increasing, i think that still people are interested therefore i think that bitcoin value will also continue increasing, i think still bitcoin has too much potential and therefore still are expecting bitcoin value to increase.

I think that now the value of ICO is much higher than btc actually that is why I found Socratus. I really like their concept - a platform for insurance companies that was created in order to make the communication between customer and insurance company more convenient and simple. It helps to get read of annoying personal meetings and paper work. With this ecosystem, companies will be able to cut operating costs, create new insurance products, deal with data analysis more efficiently and many other benefits.

The value is depend on demand, so logically if Bitcoin adoption is running good then the price should be increase. Sometime I think that maybe it will be good if all bitcoin is backed by gold. So there should be an institutions who manage that thing.

   The true value of bitcoin is not just base on the price but also on it's usefulness and popularity. The greater demand of bitcoin the more higher in value because a lot of people patronized it not just because of the highest price but because they can use bitcoin in another forms like online payment. Another value of bitcoin is that how it can help a lot of people and to reduce poverty and economic problem of every country that accept it.

Now peoples think bitcoin is a investment scheme and they want to make money with this currency and they need good return from their investment,
bitcoin is digital currency and its define by market with demand and supply but bitcoin true value define that time when all market and businesses start accepting bitcoins for the goods and services.

I too would agree that the ATH price of bitcoin was only due to launch of bitcoin futures and it was not its true value.The truth is that bitcoin value would be even much higher but it would take some long time.But manipulation is continuously done by big whales which affects the gradual price increase of bitcoin.

it's a crypto market, that's why we assumed. But we don't tell actual or true value of bitcoin. Sometimes it depends on demand. I throw you an example, In december it's value was going to 20k$ and last two days ago it's value was 6300$. Now it's value is 7300. Hope you are clear, what i say.

Due to the national government's financial policy, BTC has not yet played the real value of Internet cryptocurrency!
It is only used by people for investment. When the price of BTC is stable, it can bring out real value!

But if it will be backed by gold and manage by some institution then the key purpose of bitcoin will be gone which is decentralized, no intermediaries/even a single administrator and freedom from fiat and government institution.

no one can know what the exact value of bitcoin can be in the future because bitcoin is still young and many things can still happen in fact if you ask a random stranger about bitcoin he can't answer you well could be that he just hear it on the news on bitcoins bad sides like scams and the like but the price of it will surely got high in the future because it had many use cases that can transform every industry to because modern functional.

dont look at the bitcoin price and ask what is the value.

instead do some maths on the cost of creating bitcoin. (mining)
EG take the hashrate and divide it by the amount of asics needed to get that hashrate
work out the electric costs needed.

then once you have the XX electric/hour.. divide that by 6(amount of blocks per hour)
then divide that by 12.5 to get the cost per btc.

now you have electric VALUE cost.... also imagine the asic equipment has a years shelf life. so take the initial amount of asics needed and cost them at ~$850 each.. then divide that by 657000(12.5*144*365 is bitcoins mined per year) to get the physical rig cost per btc

..
scrw it. ill give u an exampl based on todays stats
hashrate: 38exahash  (38million terrahash)
2714286 asics(38m /14) (because each asic is 14thash)
each asic is 1.3kw/h
3528571kw/h

lets say electric is 5cents an hour = $176428.57 per hour
=$29404.76 per block or electric
=$2352.38 per btc for electric
now add on physical cost of rig
2714286* $850=$2307143100 per year shelf life
=6320940 per day
=$43895.42 per block
=$3511.63 per btc

so 2352.38+3511.63=$5864.01

and now you see the bottomline average cost of mining btc this month..$5864
which explains why the btc price did not dip below that value
(take into account my maths is rough/bottomiline, costs can be higher for area's that are not 5cent/kw)

now ill leave you to do some maths if the hashrate went up to 42exahash which will start to become a new hash average soon
(simple hint for lazyness.. take the end total... divide by 38 then multiply by 42, if you dont want to do it the long way round)

then you can start thinking about hashrate of the future and calculate costs..

.. then and only then look at the markt price and see how close to the cost (near bottomline value) or how far above(lots of over valued speculation) there is
..

The true value of bitcoin is not constant. Sometimes high and sometimes low but last year the month that the highest value of bitcoin is december as my frend told me. Maybe this year, the value of bitcoin rise in december again.☺

true VALUE is more stable then you think..
but PRICE is not constance. sometimes high sometimes low.. last year the month with the highest PRICE was december. but last december had alot of speculation in the PRICE which could not back up the underlying VALUE. thus the PRICE corrected down nearer to the underlying VALUE

learn difference between price vs value

Just like any other currency, Bitcoin value is greatly influenced by who uses the currency, how many users are using the currency, and how much of the specific currency is in circulation. Bitcoin is a product of mathematics and algorithmic calculations, and influenced by the amount of trust that its users put into the currency and how well it adapts to being used worldwide. Maybe with some level of regulation it could have some stability in the future?

You can't really put a true value on bitcoin just because of its nature as a decentralized currency. There's no one entity saying that one coin is worth this much amount of US dollars or whatever other currency there is. That's partly why bitcoin is so appealing to so many people -- they get to bring their own opinion about what they think the price is to their investments as well and see whether they were right or wrong.

Bitcoin depends on so many different factors like the news surrounding it, the exchanges that foster it, and the services that support it. It's too mutli dimensional to put a single price on it.

I think it's hard to value bitcoin because there are still many unknowns. Considering it is the very first cryptocurrency with a recognized brand name, I believe it objectively has a value at least in the billions of dollars. If the Lightning Network is a success, bitcoin may end up multiples higher than it is today. The price fluctuation is a result of the uncertainty over its future.

The ATH was 20k but I honestly think the value of bitcoin will not stop at that point. It will grow even more.
We will need the hype to comeback and see another bull run soon.
I would value it > 100k in USD. We will see.

I guess the true value of bitcoin in 2018 is $7000-$8000. I have read some article that inform that the true value of bitcoin is depend on the number of it's users, but since there are many whale that influence bitcoin price then there are some extreme fluctuations that happens.

the price of bitcoin up and down everyday, i think the price depends on buyer and seller.

the valie of bitcoin right now is the value that the seller of bitcoin and the buyer of bitcoin (all traders in the world) agree with that price, the price of bitocin in 2017 is very high right? its because there are panic buy that makes people buy more and more without think about the risk

It hit me. Price manipulation is always there in cryptocurrency. I do not understand why some do not believe that the price of the bitcoin in the market doesn't manipulate by anyone. But this realization came to me when I started to do margin trading. Whales are always manipulating it, causing small investors and traders experience losses.

I think the real value of bitcoin is zero. Bitcoins are only worth it when people use it to trade and switch easily between countries. bitcoin as a quick money transfer tool.

what I think is how much income earns value from bitcoin
and I think if I can be confused as to what the result will be so bitcoin value always dipikiran me. thank you

i think you need to add 1 before the value you mention. Already market has reached 7400$ now and we are left with 5 more months for the year to end. We can easily see the jump happening from this price to future in coming months of time.

Initially, the value of bitcoin was determined based on the electricity cost that was used to mine the bitcoin. Then after instead of using it as a mode of payment (as the governments haven't accepted) it was used as an investment alternative to gold. Then came in the demand and supply factor which fluctuates its price to the extreme levels and thus giving better returns than any other investment option.

Of course, there are price manipulators, the bigger investors who own maximum no. of bitcoins and the miners as well to some extent. Other minor factors are government regulations, people pessimistic about bitcoin, another exchange hack.

Amidst so many affecting factors, it is now difficult to calculate the true value of bitcoin.

The value of bitcoin was $20000 in end of 2017 but after that it was suddenly decreased and now it is near $7200  but the real value of bitcoin is $50000 and i am sure we will achieve our target.

Crypto currency is very different from gold or official currency, because it has nothing to do with the interest rate. Its price is difficult to calculate with the help of classical means of economic analysis. Bitcoin itself can cost zero dollars, and its real "weight" is determined solely by the degree of demand for the settlement system.

The real value of Bitcoin is not that you want it to be, but at this point in time it has a great value, a higher value than many other currencies. The higher the bitcoin demand, the higher the value. Because many people sponsor it not only for the highest price but also because they can use bitcoin in other forms like online payment

The true value of bitcoin is not about the price, or have a huge price more than other currencies it's all about the usefulness to a lot of people by using it as a payment and as an investment. I believe it had a big role in a real world with the blockchain technology in the future.

the real cost and value is lower than the one that is now and so far is supported only by the price of production. the real value will be high only when it will be as a currency to buy ordinary goods

The true value of Bitcoin isn't reflected through its price, although the true value of Bitcoin does impact  how much it costs. The value lies in what Bitcoin is able to do. More specifically, that core value is the ability to make money transference more convenient, faster, and cheaper. The price, in contrast, reflects the investors' belief and depends much on the difference between market supply and demand. If Bitcoin takes a dip, it may be result from investors' trust in it, not its core value has decreased. So we can't use the price to judge Bitcoin's real value. There is no real price for Bitcoin, just the rules of demand and supply.

If you wanna ask my opinion about how much Bitcoin should cost, then I'd say there's no real price for Bitcoin. The price doesn't show how valuable and good Bitcoin is, because how valuable and good it is lies in its what it can bring to us. While the price is fluctuant, the core value of Bitcoin seems unchanged. Actually, the price is the agreement point at which the seller and buyer agree to accept. Again, don't judge the value of Bitcoin by its price.

What decides the worth of Bitcoin and what decides the price of Bitcoin isn't the same. The worth, or as you said the real value, is what lies inside Bitcoin or its superiority over other traditional means of payment. The market price, in contrast, is under the influence of demand and supply. So, the price and the real value is one thing. Thus, I can't say how much Bitcoin should be based on its real value.

Go to coinmarketcap website. You can easily check the price of bitcoin. What is shown there is the true price. Because it has determined by supply and demand. The price every currency or an asset must be determined by supply and demand.

Bitcoin is volatile so it cannot have a true value. The value changes based on the market trend so I really do not think we can give bitcoin a fixed value.

Simply put, Bitcoins hold value because they can be used as money. Just like any other currency, Bitcoin value is greatly influenced by who uses the currency, how many users are using the currency, and how much of the specific currency is in circulation.

But unlike traditional fiat currencies, Bitcoins are not susceptible to the value of gold or silver, or authorities who decide how much money to print. Bitcoins are a product of pure mathematics and raw algorithmic calculations, and are only influenced by the amount of trust that its users put into the currency and how well it adapts to being used worldwide.

The merchants, business startups, and users determine the value of Bitcoin by choosing to use Bitcoin over other currencies. Simply put, the more people who choose to use Bitcoin as a form of payment, the greater the value of each Bitcoin will be.

I think bitcoin is the valuable coin in the world. Most of people are using bitcoin and they are changed their financial life. Bitcoin is the very trusted crypto currency. It can be said that bitcoin is valuable than gold.

I think the true value of bitcoin is to make money and improve our currency.

I think no one can predict the price of bitcoin. who thought that bitcoin will hit $20,000 in last year? that's why many people came to the crypto market who don't know much about the crypto world and the blockchain technology. when the bitcoin price started to falls down they just leaved the market being panic sellers. then whole crypto market collapsed for a long time.
as any other market even in crypto market, bitcoin price depends on the demand and supply for bitcoin. It  decides true value of bitcoin

The value of Bitcoin depends on demand, so logically if Bitcoin adoption goes well then the price should increase. proved after China officially announced that they officially out of the crypto market, the market instantly fell and the price of coins went down, because most big investors come from China. so bitcoin needs a new breakthrough to attract new investors to raise the value of bitcoin itself.

In my opinion,  the true value of bitcoin lies in it usefulness. If bitcoin scape through (which I believe it will) all this storm(negativity surrounding it usefulness and the high volatility of bitcoin itself)and thus widely accepted as a digital means of exchange, Then it will worth more because it demand will be on the rise.

I think there is no true value of bitcoin as it's completely different from real currency and Bitcoin is still in early stages so can't even say whatever it is overvalued or undervalued. Bitcoin price is depend on supply and demand.  

I can not say how much bitcoin is worth for me right now. let's say that I believe it is simply a supply / demand relationship. counting however that it has a limited supply and that a part of bitcoins are lost and irrecoverable (for the moment) I would say that the current price (~ 7000 $) is low compared to the real value of BTC

The real price of bitcoin is not 6500 dollars today, nor is it last year's 20K. I think the real price of bitcoin should be the community. If the encrypted community is constantly strong, the price of bitcoin is a meaningful real price.

To me bitcoin is a valuable asset, I don't know how to value it. I consider it same as the human body which cannot be calibrated in terms of USD or with other fiat until the person himself agrees for certain amount for each part. It is all about the adoption and the positive thoughts that people develop upon bitcoin which gives it a value.

That is true, the price does definitely not show the exact value. We can see this through the high volatility too. However, I think it should be around 10.000 right now.

you actually can calculate VALUE

imagine you had the $7500 PRICE.. and then split it up into segments.
by comparing different factors, events, you can get a pretty good idea of measuring different factors and putting a value attached to it.

imagine every feature, benefit, function, ability as a separate entity.
you can look at 1643 other coins out there. and look at the majority of coins that have the same element. and meaure its values

EG PoW is easy to measure. and across all the 541 coins that use PoW. that measure shows a pattern.. you then deduct that value away from those coins.
EG yesterdays hashrate went upto 45exa, compared to last weks average of 38.
meaining yesterdays cost of mining was ~$6950 as oppose to last wks average of ~$5850.. which when then looking at the PRICE chart you can see on average there is an extra $400 average of other features, benefits and speculation that make up the difference betwen bottomline cost vs price

whats best to do is take the stats of days when the PRICE is at its lowest for a period. as thats the times of less speculative emotion and leaving only the "Valued" elements where people refuse to sell below.

lets take the 29th june. the average hashrate was 35exa ($5400 mining cost) and the average price was at the periods rock bottom of ~$5800

so knowing theres no big positive hyp news, emotion, speculation. you can then equate the $400 to be certain feature/utility attributes
now out of the 541 PoW coins you can then look at how many coins have a 10 minute blocktime for instance and then see if there is a noticable pattern to "value" comparing it to other PoW coins that have less blocktime or more blocktime compared to other coins of near similar other features
you can then quantify that.
then you can take the coins/block... or total end supply target and find other coins with the same.. and quantify that.

then once you have that. you can see the layers.

whats left over is the more volatile temporary emotional elements that can change at a moment notice. like the emotion around something being promoted heavily one wek but then not heavily for day/months. these more emotional temporary events are the speculation EG december was very very speculative

i have made a chart.
https://i.imgur.com/rlcp6Ka.png

remmber
the yellow area is emotional stuff.. of hope, hype and belief..
the orange area is features stuff.. of value of tx/s.. blocktime, total eventual coin supply, etc..
th blue area is cost of mining

i have kinda worked out, based on data of other coins of similar features. and ignoring the speculative hypes.. that FEATURES are worth about 7% of mining cost. ontop

what you will also notice(if you looked at all the same hidden data) is that the while hashrates continued to rise, cost of mining began to drop at the start of the year where a new batch of CHEAPER miners (the now $850 s9i) replaced the old ($2k s9 miners).. (yea i know the cheaper batches were not PUBLICLY released months ago but at that point the main pools did get their hands on early releases and the pools/manufacturers did actually lower the prices of the old batch to sell them off.
this is why as of january although hashrate rose. it did not react to a mining cost rise as that was offset by the asic unit cost decreasing over time to level it off. which is why there is a not a slope down or a sudden drop either as it took months for pools to get their hands on and re-evaluate their new costs).

anyway, enjoy
(short version. right now there is little to no emotional speculation this summer. so treat it as a good discount/low price to buy in)
data is stil a work in progress but you start to see that the price (tip of speculation and includes speculation and costs/value/feature can easily show when something is at an unsustainable HYPE and when something is at a low PRICE which should be demed as a great value time to buy before new hype/speculation or even increase of cost/value baseline

..
using chart data of blockchain.info of 18th/july/2018 breakdown
mining cost: 6898.17
features 7%: 482.87
value total: 7381.04

which if you then check th price if bitcoin on 18th july PRICE $7399
leaves only ~$18 of speculation/emotion

I think a decent way to measure the true value of Bitcoin is by its growing applicability in modern society. Yes, there are a limited number of Bitcoins in the world. However, its long-term survivability will be determined by how useful it is to consumers in the global economy. Bitcoin will be a lot more valuable to people if they can actually use it to purchase lots of products and services. The decentralized aspect of it really is pretty powerful when it comes to this kind of topic though. If gold was decentralized, I'm not sure if many people would invest. I've seen more often than not, people are scared to invest in something they don't know about (which is smart). I think that's why it's important that we spread the word about btc.

The true value of bitcoin is how it could help us to have a better living and to have a good future and on how we use it as an asset,investment or as payment method. Because bitcoin is a digital currency that we can use for investment to earn and make a savings for the future.

It would be hard to tell the real price since bitcoin is always able to change its value according to the ratio between supply and demand. But considering the average use or the most common bottom for now I think it is around 6000$. This I think it is the average for now.

I think this is the current average. Its decentralization aspect is quite robust when it comes to this kind of topic though. The value of Bitcoin depends on the demand, so it is reasonable to expect Bitcoin to be a good price.

The true value of Bitcoin for me is not just a medium for payment but it is created to make the life of every people in their financial transactions easy, faster, secure, and anonymous. Bitcoin is a very valuable currency. It is not just a simple digit because it has a value that really benefits us.

Yes I do agree with you, because it constantly fluctuating, and we cannot anticipate it in precise value in the future, It matters on the supply and demand in the market.

The application and positive thoughts that people develop when bitcoin gives it a value. Yes, there are a limited number of Bitcoins in the world. Bitcoins will be much more valuable to people if they can actually use it to buy more products and services. If gold is decentralized, I'm not sure whether there are many people investing or not. I think that's why it's important that we spread the word about btc. Who thinks bitcoin will reach $ 20,000 last year? When bitcoin starts to fall, they just leave the market as panicked sellers like any other market even in the crypto market, bitcoin prices depend on demand and supply for bitcoin.

That is why many people come to the cryptographic market, who do not know much about encryption world and blockchain technology. Like any other market, even in the crypto market, bitcoin prices depend on the demand and supply for bitcoin. The value of Bitcoin is dependent on demand, so it is reasonable to expect Bitcoin to be a good price. Therefore, bitcoin needs a new breakthrough to attract new investors to enhance the value of bitcoin.

 Simply put, Bitcoins hold value because they can be used as money. Just like any other currency, Bitcoin value is greatly influenced by who uses the currency, how many users are using the currency, and how much of the specific currency is in circulation.
 But unlike traditional fiat currencies, Bitcoins are not susceptible to the value of gold or silver, or authorities who decide how much money to print. Bitcoins are a product of pure mathematics and raw algorithmic calculations, and are only influenced by the amount of trust that its users put into the currency and how well it adapts to being used worldwide.
 The merchants, business startups, and users determine the value of Bitcoin by choosing to use Bitcoin over other currencies. Simply put, the more people who choose to use Bitcoin as a form of payment, the greater the value of each Bitcoin will be.

Anything can have value as long as we assign value to it. We decided to use money as a medium of exchange instead of barter system because it was much simpler, you have cash, you buy anything you want, to get cash you sell something.

Anyone can make a cryptocurrency, in fact it takes about 10 minutes to create a cryptocurrency, simply fork the source code, rename, put the blockchain out there and start mining. Why then do some cryptocurrencies get value and others die? Its because we decide to put value to some and not others. If people stop using bitcoin today, it will definitely go down to zero. Its because many people have agreed to use bitcoin as a medium of exchange that’s why it has value, the more people use it the more value it has.

 the true value of bitcoin cannot identify easily, because it has constant changing.  maybe this month is to low but in the next 5 months it will rise again. it is like business,  its always going up or giing down.  its a matter of time and costumers or users.

Very well said. The value really depends on its function, becuase we are assuming that the value of bitcoin is somewhat related with fiat currency which may seems that tge capability of bitcoin was compared to fiat currency. And as a matter of fact other currency also depends its value on how it functions, and the bitcoin is like that too, as people continues using it is useful. To sum it up, as long as bitcoin satisfies people it is ba valuable.

I think no one will know how much the real value of bitcoin because bitcoin price until now still changing from the lower price to the higher price. the price of bitcoin will always change in the future and maybe it will not only just $6000 or more but it will change for more than just $10k price per 1 bitcoin. but the real value of bitcoin will be too expensive in the future because bitcoin itself still grows. but we can calculate how much the price will reach if suddenly the price is up or down and all information from franky1 is made sense.

None of therm is the real value of BTC.
The real value of BTC is more higher than that.
We have 21 million Bitcoins and those 21 million must cover all the market demand, Bitcoin must replace FIAT  currency and if we know thatt the total circulating Dollars is more than 14500 billion$ you can do the Math!

Price manipulation is depends on supply and demand of bitcoin if we think about true value of bitcoin then this currency is not for only trading but when this currency will be accepted by governments,merchants and peoples start to use as like other fiat currency in their regular life then it's value will be much more. bitcoin is digital and virtual currency so peoples can use easily.

Bitcoin as a Gateway. The crypto currency space have transformed to a crowdfunding market. Essentially the baby of VC and digital startups. So those interested in the idea of certain coin’s usage and aspirations, would have to buy bitcoin to trade/invest in the coin or company.
Bitcoin to avoid tax or money laundering. There are corrupted money in China that needs to find a channel out and maybe into US. One of the option is bitcoin.
Bitcoin as a store of value. The birth of Bitcoin in 2009 is caused by the distrust in banks and current financial system. Some might consider it as digital gold and simply believe it will overthrow fiat oneday.

To understand why anything is worth something, you need to see what it is used for. Kim Kardashian is only worth millions because the media have use for her. Rubbish is worth a billion dollar industry because it can be recycled and someone needs it to be disposed of.

Bitcoin maynot have too much uses, but because there is trust as the pioneer of cryptocurrencies and the gateway to the other alternate coins, there is value in it. Blockchain and the new digital currencies have actual value in making our daily lives better. So, people like me buys bitcoin.

Its true value is truly unique of its kind. It constantly changes depending on the supply and demand. There is no set of consistent amount with little changes unlike fiat money does.

True value of Bitcoin is infinite because no one is said when it will be stable in market. But only one possibilities are find the true of Bitcoin i.e Maximum supply of Bitcoin is 21million so once reach in this level many of them predict the true value of this coin. But it take more than 5 years or 10 years.

What is the true value of one of the top priced PokeMon cards? Is it the +/- $1 manufacturing cost or the $100 000 price, someone is willing to pay for it? Can we measure the cost of a bitcoin? Yea, some people use the cost of the energy that are used to mine it, but not all coins will then surely be equal, because a coin mined back in 2009, will then be less valuable than a coin mined in 2018.

We use the price, based on the demand and that is what someone is willing to pay for it. Currently it is +/- $7000 per coin.  ;)

The value of bitcoin is what people around the globe are ready to pay for it. Its just like any other asset. The value of Gold and Shares is decided by demand, supply and what amount people are ready to pay for it. same is with Bitcoin, its value is also decided by demand and supply. the only difference is that BTC is digital money and other assets are real.

Bitcoin real value can't be determine any how , what ever it's stay at anytime is the value and is prone to adoption and market also say a lot about it , reaction of user to the Bitcoin also says a lot about it and has tell the price that will be generally accepted

Very good explanation about the price of Bitcoin. Many people think that the price is created from the air but it isn't true. In the future, a price will grow up of Bitcoin popularity.

I think Bitcoin has value as money, because it makes for very good money. It has grown in value because more people have recognised its usefulness as well as its fundamental integrity. and I highly recommend you look deeper into it beyond the trading, currency and hype if you want to know more about how technologies like these can help us build infrastructures for the world of tomorrow.

i thinh there is not a true value for bitcoin, bitcoin value depends on participant of crypto invetsors number and trust about the market. It's araoun 7800k dollars now but it migth be 20k tommorow or 2k (hope not) also. But if we consider the total supply of bitcoin it should be higher than now.

The true value is the current value bitcoin. As you said bitcoin is really volatile and changes really rapidly. its value really depend on the users, their interest. We are the ones who give bitcoin its value.

The true value of bitcoin can't be predicted or estimated. This is because bitcoin is gradually gaining the audience of the world population. The price of bitcoin will keep changing till the world fully recognises how bitcoin is going to make transaction of funds easier and faster.

What I think with the value of bitcoin at this time, I want its value continue to rise, do not go down steadily, in August this value up and down. I also do not know kedepanya bitcon will be like? but I hope the future continues to rise and better! :)

There is no exact value how much Bitcoin really is but technically it worth something and not just a fad. Only the market will dictate how valuable it is but I think its worth more than $20,000 appreciating its technology considered a breakthrough the mother of crypto and Blockchain technology. But again its prone to price manipulation considering one of the most risky investment ever exist.

We can't tell the exact value of bitcoin converted to dollar because of its volatility. The value of bitcoin changes depending on its demand and supply, the bigger the demand and less supply, the higher value of bitcoin, the lower the demand and more supply, the less value of bitcoin.

for me the real value of bitcoin is not all about its amount alone.
but it is the empowerment that it has given to its users is the real value.
by being able to do what they wanted to do with their own money without the fear of governments monitoring it.
:D

In my opinion BTC i not so far from the real value. In december was a huge interest all round a world to BTC. I think the market optimize yet and we will see next few months what is the real price...

A high cost, a certain amount of fan speculation product, so you think BTC has a lot of value? Investment is long-term, so you can't look at it in the short term.

the true value of an asset is determined by the demand for that asset from the community, I also beleive that it deserves more than 20k but as soon as the adopters are uneducated people from lower communities we won`t see the true value of it.

I think with more people accepting Bitcoin around the world the price of Bitcoin will stay within the volatility zone because of the mass selling from the new investors especially, now when we see a reduction in the price of Bitcoin. Having said this I think the price of BTC is not no way near its real value as I believe this to be >8.5k.

What Do You Think About The Real Value of Bitcoin? I think the value of bitcoin is fantastic right now, because with that I can get my big advantage if bitcoin price reaches $ 20,000.

No one knows, true value still depends on how the market acceptance, being adopted and use globally it can hype high since the volume is not that many, if Millionaires all over the world play  with this new currency and start using it as an assets chances to have more valuable incoming future, but there's also some chances to fall below our expectations only fate can tell.

I think the true value of bitcoin is how many people need it, because if many people need it then bitcoin is a necessary and very important existence in one's life.

Yep, I do think so. The true value Bitcoin is relying on its demand. The higher the demand (given the supply stays the same) the greater the price. Bitcoin characterizes its highly volatile, so we can not know the accurate value of it. I think that most of people in this market know that comparing to other coins in crypto market, the value of bitcoin is considered as the biggest value. Always the demand of bitcoin is more dominant than any others.

Bitcoin price is undefined because it depends on the demand and supply in the market. So it is safe to say that bitcoin price is unpredictable and no one knows what will be the highest price peak it will take on but one things for sure that it will surely benefits us all.

Bitcoin value is unpredicatable.Its volatility is very fast.And it really depends to the volume of people buying and selling it.
If more people buying compare to seeling ,price will up and bullish win.
But if more people selling compare to buying ,price will going down and bears win

The true value of bitcoin is depending on the interest of the people, I think that if the interest of the people is increasing no doubt that the value of bitcoin is also increasing, I think that its value of continue to increase tell the interest of the people in bitcoin.

What's the true value of gold? What's the true value of a property in California? What's the true value of Pound compared to dollar?
They are always changing. It's nature of the market. Bitcoin is also same. The current value is the true value.

To my mind, it is better to get btc because it is almost equal to the gold value nowadays. for me, it is even better, I think that it has great value in terms of today's estimation. In my opinion, btc is of significant value for most traders

I’m sure that bitcoin price should not be less than price of electricity spent to produce one BTC. Antminer S9 produce 1 BTC using about 120,000 kW. If 1 KW costs 0,1 dollar it means that 1 BTC should cost more than 12,000 dollars. Right now it costs 6,300 dollars that means it is profitable for miners with electricity cost less than 0,052$.

The truth is that the value of bitcoin will be much higher but will take a long time. But manipulation continues to be carried out by the big pope that affects the gradual increase in bitcoin prices.

I think we can't even imagine it. BTC faces a lot of difficulties to become the international and worldwide currency but I hope that in the future it will be so valuable.

Is the real value of Bitcoin a profit ?, lol .., I keep thinking about the nature of Bitcoin, why so many investors have to worry about this type of cryptocurrency. Many people still question and remain skeptical.

I think we won't see the price of 20,000 dollars very soon! Even $ 6,500 is a lot for bitcoin. It is necessary to understand this

There is no exact true value for bitcoin i guess. The value of bitcoin is often to change, but now it stabilize around $7k or a little below.
From my personal opinion, bitcoin true value is depend on the market average value.
Unlike money, Bitcoin is not backup with gold. So, there is no exact value in for bitcoin.

Bitcoin has no fixed value and it is the main quality of it, only because of this people earn and frequently invest here. If it has fixed value then it will never become as popular as now.

what I really think of the value of bitcoin is in terms of how he can make a profit... ;D

You're right. We can't determine exactly the true value of bitcoin as this will keep fluctuating or very volatile on it's behavior. Now it's value are in the range between $6k to $7 plus but still subject for fluctuation at anytime. So, for my own opinion it is really hard to determine the true value of bitcoin at all.

The price of Bitcoin that you stated here  last December 2017 until now is very BIG TRUE but you know we might not even question if we updated regularly, this is a part of volatile movement of bitcoin so we have no other option here make the price better we just wait until the price are going strong.

We can not tell the true value of bitcoin. Because it changes with time. The value does not stay in one value. Because the value of a bitcoin in the previous year is about 20000 dollars. It's around $ 7,000 today. Therefore, its real value can not be determined. This is decided on demand. It is certain that this will rise to an incredible value in the future. But its worth is not exact. Investing heavily in bitcoin. This is over the next few years.

Considering the mining cost, bitcoin as a "progenitor coin" , circulation amount, and the very evolutionary solutions bitcoin brings to our civilization, and also the time of inception and the present, it is safe to say the coin is worth something. Say... $5000, as a stable price point.

As long as bitcoin exist,the price will continue to grow

My opinion is that bitcoin is really built on trust of everyone. The real value of bitcoin I have not found yet.
Now the price of bitcoin is $ 7000, do people think it will be $ 5000 in the future.?

Actually this I still can not test because the price of this currency is constantly changing, but surely if it can buy it the benefits will be enormous. So who has got the value figure of bitcoin?

I think that the price of a bitocaine is that it is very expensive and it will grow and the prices for bitcoin will rise :)

The value of bitcoin is unstable in nature. However, over time, its value will only grow. probably forecasts about the price of $ 1,000,000 will turn out to be real in 10 years.

I think that we will see the real value of btc in the nearest future. It will be the best coin for the next few generations. it will replace our main currency we have now and you will become successful

For me,the real value of bitcoin will have more chances to increase even more if majority of the people will chose to use digital currency over fiat currency.Once the demand for btc will continue to grow particularly from different countries,then it will surely live for more centuries to come.

I think value of Bitcoin is infinity... as long as people believe in it. When Bitcoin will be added to the official fiat exchanges it will grow up very fast. And it will grow to the moon of higher :)

True value is always current value :)
So, everything depends on supply and demand.
We can wish something or think that bitcoin value should be much higher but have to accept reality.
Bitcoin true value depends on people, how much they believe in btc.

$7000/$15,000 is the right value for me. I honestly never liked those huge price increases. Things need to move slowly and predictably like before.
The extreme and unnecessary predictions should be discouraged to be honest. It is dangerous and unsustainable.

Which would you rather have, a stable Bitcoin or a slow and steady moving Bitcoin?  I hope the current condition of the market has taught some good lessons. The greed has to stop.

It can not be established. Because the bitcoin value here is the value of any coin. It's a normal situation. Currently, the bitcoin value is a lower value. It can increase its value in the future. But no one can determine the true value. Today, the true value of bitcoin can not be ruled out, but it is true that this is a value for people's happiness. Therefore, investors will be able to make a big profit.

Bitcoin doesn't has nay fixed value, the market of it is always unstable and also suddenly rise and fall is very normal in this currency.

Bitcoin is a digital currency and is very volatile. By its nature, the price is changing rapidly due to some factors affecting it. The true value of bitcoins can be seen in its usefulness in the form of a digital currency in terms of investment and payments for goods and services on the Internet

Like how gold is valued nowdays, pretty high isnt? Still its just some shiny stone BUT it has been perceived by us as precious elements since thousands of years ago, symbol of rich and so on. That's why we would gradually accept the fact those things are valuable, and these facilitate value exchange between stuffs which further stregnthen its position, similar with cryptocurrency as they are indeed on the track on how things are perceived by people, simply with the fact that our world is getting more digitize and there certainly possibilities to for many coins to succeed

Supply of Bitcoin will only have 21 million Bitcoin worldwide. Bitcoin creation system that continues to decrease every 4 years resembles an economic system based on deflation and with the increasingly limited supply of bitcoin, bitcoin prices tend to rise. You can transfer bitcoin anywhere in the world as long as it's connected to the internet. Bitcoin will be saved into Bitcoin Wallet. This wallet must be installed on both sides, it can be with a PC / laptop, tablet or smartphone. After installing the wallet, you will get Bitcoin Address. To transfer bitcoin is very easy, open the wallet application, enter the Bitcoin Address from the opponent's transaction and the amount of bitcoin you want to transfer, then send

thinking about the price and value of bitcoin no one can know the price is constantly changing and unstable the most important is our confidence and patience and take advantage of every opportunity

There are different opinions about the value of Bitcoin. Someone believes that it is overvalued and its value is not more than $ 1000.

The true value of bitcoins can be seen in its usefulness in the form of a digital currency in terms of investment and payments for goods and services on the Internet....

Bitcoin value is different from time to time and now it's present value is $7,037 which is good now and it is rising more while now the bitcoin investors are increasing day by day and suddenly the price of crypto market will rise and it's value is fluctuating rapidly.

Bitcoin like any other asset does not have a true value, if there is a demand then the price will also increase. :)

I think there's no specific value of bitcoin because the value depends on the demand and supply.If there are too much demand of bitcoin then probably the value will increases and it becomes valuable.

Bitcoin is very vast, very successful and very popular crypto currency and I think it is next to impossible to guess the true value of bitcoin as it is indeterminable but I think I know about the bitcoin is that it is very sustainable and very potentiating crypto currency of the era and the way in which it provides profit to its user in a very short span is just so tremendous that it has made millions of people to invest into bitcoin so no doubt that bitcoin is very great crypto currency and it is worth millions dollars.

The true value of bitcoin is not base on the value of each token, it's totally depends on the situation when it's decrease or increase. When it becomes increase it's the most true valuable of bitcoin. And that's what the best I know.

i think bitcoin isn't working with a trading platform, bitcoin use peer-to-peer system and noted at blockchain. demand and supply is only affects price fluctuations

It can not be decided. Because value varies depending on market behavior. In some cases, the value will rise unopened. The value of other occasions drops in value. These values ​​will be decided over time. But no one can definitively determine the value. With the increase in demand for bitcoins, the value increases. The value decreases when demand decreases. The change in bitcoin value is a crucial factor. The bitcoin is now increasing. The bitcoin value in the future will increase the profitability of the investors more profitably.

Trying to imagine how the cryptocurrency ecosystem would work, if markets were not allowed to tell/calculate the coin value and you were not able to see or tell the buy order and sell order prices....

Well, Bitcoin is only one so you can't say it is base on the value of "each" token. Bitcoin is still the most valuable crypto currency even if it still goes down, did you ever heard or read that Bitcoin become second to any crypto currency when it comes to value or price? I don't think so. Bitcoin is valuable as it is, the proof? The proof is that the price is still continuing to increase and it's demand is still number one beyond other crypto currencies.

I think bitcoin is one of the profitable coin on the planet. A large portion of individuals who are utilizing bitcoin are getting rich every day. Bitcoin is a confided in cryptographic money. It very well may be said that bitcoin is by one means or another profitable than gold.

The value of bitcoin depends on the demand and supply, the market price depends on the time. If the interest in the bitcoin of the world is increasing and the need to buy and possess a bitcoin of everyone increases, the value of bitcoin will also increase.

this market started from 0 and grew to over $6k per bitcoin, not speaking of other altcoins. Market is usually telling the truth, but the truth is that this is a cutting edge technology that already made a huge impact.

digital currency that is working with a trading platform, which we have two different set of people at every point in time to make the system more stronger, therefore the two set of people simply classified as demand and supply...

The value of Bitcoin is only modifiable. That means its value will be traded by face value.

Bitcoin's narrative began with it being an instrument for instant, easy, and anonymous transferring of funds. It was, for all intents and purposes, to be a currency.
But as it stands today, Bitcoin is way too volatile to be used as a currency by the masses... it's failing at the job of being money.

It would be more comfortable if we invest by not selling a favorite house or car. Of course you must be prepared to face the risk, whether it's in short or long term investment. There are no benefits achieved for free without going through a risk.

Value of everything is subjective not objective. The value is zero to some people and a lot to others it depends on who you ask. Everything is only worth what someone else will give you for it and true value is only determined at that moment.

Bitcoin value demand on people demand, but i called it people money demand, because the true value of bitcoin is also depending on the interest of the people that invest money in it, if the interest of the people is increasing then bitcoin value is also increasing, why is because if people only register bitcoin account and they didn't buy bitcoin to the wallet you know nothing will happen until they buy bitcoin to it, so bitcoin is here to attack paper money and people will store all their money to bitcoin. People interest money is value of bitcoin.

Before we try to value a bitcoin we would need to define it as a currency or as an investment. Its use as a means of payment with some merchants can lead us to see the bitcoin as a currency not tied to a country and without central bank.

Bitcoins are usually measured in terms of their exchange rate to the Japanese Yen and US dollar as these two currencies remain the main currencies for which bitcoins are exchanged.

We will now try to value bitcoins as a currency using the minimal-value approach.

All major currencies have a central bank that monitors the exchange rate of their currency respective to other currencies and mostly to the dollar. Contrary to most traded currencies, bitcoin does not have a central bank or an entity monitoring its exchange rate. Therefore, bitcoin exchange rate to the dollar or to the Japanese yen could theoretically go down to zero.

Bitcoin is a digital currency that works with trading platforms, and has a limited supply and has two different sets of people at any point in time to make the system stronger and determine the price of Bitcoin itself, two groups of people are only classified as requests and offers.

what I think about the price of bitcoin is a natural thing because the value of bitcoin nowadays sometimes experiences an increase or decrease. so I think this is a natural thing for a graph of bitcoin in the cryptocurrency world.

Good thinking and I agree with the way you think because I think what you say is true that bitcoin is a digital currency that works with trading platforms to expand places and locations and then get a stronger system so that people are only classified as requests and offers because that the development of bitcoin is expanding even globally.

Its true value is truly unique of its kind. It constantly changes depending on the supply and demand. There is no set of consistent amount with little changes unlike fiat money does.

  Focusing on bitcoin, as an investment asset (a means of rapid growth of value), many overlook its true value, thanks to which its price on the exchanges is growing.  This value is a unique ability to save and transfer costs over distances without the involvement of a trusted intermediary.
  In this sense, Bitcoin has advantages both before the issued by states with fiat money, and before gold.
  Bitcoin exists outside of state institutions and does not need state regulation.  This is a completely self-contained system.
  Bitcoin also does not need legalization.  Being outside the legal field does not mean illegality.
  Undoubtedly, Bitcoin, by virtue of its special properties, mentioned above, is an attractive object for investment.  But, not this is its main function and mission.  Bitcoin came to this world to destroy the state monopoly on money and their circulation.  And to create a new monetary paradigm - henceforth the transfer of value is possible without intermediaries, as in cash calculation - from hand to hand.  Without central banks and other financial institutions.  Without uncontrolled money issue and inflation.
  Therefore, bitcoin was a valuable currency, there is and always will be!

Bitcoin value depends on the demand. When the number of people, who want to invest in this cryptocurrency grows, BTC price is going up, and as I see, vice versa.

I would say considering the adoption and recognition of bitcoin right now it should be around 50k usd.

The sensible potential for bitcoin when mass adoption and investment kicks in should be way way higher.

We will wait and see if and when that happens of course.

no one will say the true value of bitcoin, and the value will be stable. because the value of bitcoin will continue to change according to the demands on bitcoin itself.

Personally I think it is somewhere around $20-30,000 for the short term, long term if it is super successful it could achieve over $200,000 but that will take a long time, certainly more than 3 years to achieve. I think that it is worth around $5-7,000 as we stand simply because of the poor market sentiment surrounding it, it's also quite hard to spend it without a gold hunt to find a suitable website.

This is true. The point I am trying to make is some people do not even know or understand what bitcoin is to these people it is worth zero. People that have use for bitcoin and understand what it is the value is different.

Personally I think the value should be equal to or greater then the cost to mine it. Some of the cheapest electrical rates in the USA are around .08 per kWh for homes. At this price for electricity it takes some substantial investment in equipment, a bit of time (months), and over $5000 in energy costs to mine 1 bitcoin. Most industrial mining operations pay roughly .02 - .06 per kWh. Bitcoin has historically traded for roughly 2.5 times the mining cost. Why would someone invest lots of money for equipment to mine, spend months of their time working on it and sell it for less then the cost to mine it. That wouldn't make since. I feel that the market is very under valued currently.

Bitcoin uses for trading purposes because it is a digital currency. It's value is depends on people's interest if the interest increases day by day value increases otherwise
I think it decreases.

I think of the exchange value. That may be the highest form to mention when Bitcoin appears. It can meet the needs of human life when they use Bitcoin as a currency.

The value of Bitcoin increases only if the number of users increases,apparently people who don't actually have no knowledge about Bitcoin assume it to be scam which is the worst part.I strongly believe that the value of Bitcoin will one day become infinite.

I agree, there are not many people who know bitcoint as a whole so that its value has not been too high, but along with the development of technology and information it will directly increase the value of bitcoin significantly in the end

The true value of bitcoin ? Im afraid that i won't be able to define it. Bitcoin price has been built by the buyers and holders since 2009.
So, the the real value will depends on the market condition. If there are many peoples buy bitcoin, then it will keep rising because most peoples after buy it, don't want to sell it lower.

It is difficult to define bitcoin, but bitcoin is not fraud. The value of bitcoin is very real and fantastic, with increasing users it will make bitcoin more valuable.
Don't push back better to analyze for the future, and this is our job to be able to provide the best for bitcoin, bitcoin can develop well if we always think positively about bitcoin.

too hard to say a true price. it depend on market. but maybe it's true is $9500.  ;D

Indeed, the price of bitcoin will be increased it depends to the users and investors of it for me the real value of bitcoin is a treasure that need to give an importance.

 The current value of bitcoin is difinitely hard to enumerate due of fluctuant prices. The price will indeedly increase according to the high demand of the coin. Bitcoin will never be go under the current price, instead it will lift up highly. And that's what I hope to hapeen sooner.

The current value is the true value of bitcoin, that is unstable currency that always fluctuates its value that is why no one knows what would be the exact or should be yhe value of this currency. Yes we want the high value of bitcoin but suddenly the users are dropping down due to some investment company shows bad things like scamming more investors and they decides to leave this community.

Its hard to determining the real value of bitcoin. The price always depending on supply and demand in market and i am believe bitcoin price will rising like many experts predicted.

Some expert said bitcoin should have value $25k and some dont agree with that number. The best to determine bitcoin value is on market because price always depending on supply and demand

The true value we learn in a few years, when the market will pass the stage of formation:)

The real strength in bitcoin lies in the longevity of this digital currency. Bitcoin has really stood the test of time despite several negative news in the media and I believe this digital currency has always overcome the several negative criticism.

From my point of view, the true value of bitcoin is a digital asset. It is different from gold and silver.

Bitcoin will not have official value, it will continue to change with supply and demand. Don't expect bitcoin prices to be stable, because that is impossible.

Bitcoin is the digital gold of our generation. It is just virtual but this tech is very complex and it is unhackable and not to mention its limited supply. With all those features, it's very realistic to visualize its true price that can be $100k.

like gold, bitcoin is an investment tool in digital world. where later many will use it, so prices will soar. of course bitcoiners who are currently saving BTC, will become rich, if they hold assets

investment crypto currency and all its developments all depend on the investor itself and currently there is no institution that regulates and monitors this, it is likely that in the future it will be more advanced and well developed

The true value of Bitcoin depends on us .
It only have a value because of the demands but if there is no demand then it would be useless.

I believe that at the moment we see the real value of bitcoin on the market, as we have seen stability in the market for several weeks. Those prices which were in December and January I consider artificial. as it rose due to large investments. I believe with the proper promotion of bitcoin it will reach a good value in the future.

Yes, the value of BTC always depends on the demand. The more people are interested in this cryptocurrency, the more investors are ready to buy it, the higher the price is. Hope, its popularity will grow soon.

The true value of Bitcoin will trully help people from poverty. They will not just earn from posting but also learn from socializing or answering the questions from different people. Trully people will value its value if they will be responsible and serious in doing it.

You cannot define bitcoin value. Everyone can define with different values, even you can say the true value of bitcoin is $400 in 2015.
Bitcoin value is not static, but it is always dynamic, same as other cryptocurrencies. But recently, the bitcoin price is more stable than other altcoins in the market.

The value of Bitcoin is always associated with traditional currencies such as USD, EUR, CNY, and VND. In addition, the intrinsic value of a stock is calculated by the estimated future earnings, since Bitcoin hasn't income so it is difficult to determine the value. Up to this point, bitcoin prices are fluctuating over. $ 6,500. The market for crypto fluctuates constantly, you can buy BTC when prices are falling. Find out the market carefully before investing.

This is very unpredictible market actually. So to tell about market is very taff as well as. Crypto market is not like other share market that its price of up and down can control. I could not believed that it down form 19k$ to 6k$. It was so barrish to see me. I will say only GOD knows what is true and false in crypto market where any prediction does not working.

while predictions are not working, we just should believe in crypto future. support coin that u like and where opportunities are shining bright.

Accurate truth fucking bitcoin today is not. It won't. Because bitcoin will not have a stable price. It will grow, it will fall. But a great joy for all of us. This is when bitcoin will grow. To earn more ::)

We couldn't predict the over all true potential of bitcoin today, because every now and then markets moves and we couldn't tell if somebody have a ploy plan to take advantage of this said movement.

Things are not the same always therefore, predictions don't fall accurate on the line mostly now a days. One thing is for sure that crypto is the future. It may take time to overtake the traditional economic system but it's encouraging for all it's supporters that with a slow pace it is making ways for the real world use. With the passage of time crypto will flourish. It is needed to be strength by it's followers and make proper use of crypto in payment systems.

There is no fixed cost Bitcoin, because the value is formed by investors, based on trust in Bitcoin.

The more trust - the more price!

It is very difficult to know the true value of bitcoin, because the value of bitocoin is not just measured by the amount, and price in dollars or fiat, but it can be seen from how many bitcoin users, both those who sell, and store or also hold bitcoin. surely bitcoin has a high enough value in large enough numbers and is trusted by many people and has the power to lead the crypto currency market.

Because the electronic money has so many advantages, it becomes a trend that the greater the logic and real value of Bitcoin, the more the economy will grow because of the following reasons :
Quick transaction
Unlimited transaction amount
Safe

for me id say 6k is the true value of bitcoin because bitcoin is now becoming stable on this level . even if we say that bitcoin will pump or will reach a new ath , bitcoin can still loose that gains and he will still comeback to its base price .


what about supply ? other than demand , supply do also plays a major role on the price of a crypto because if the supply is lesser , we can also expect a higher price but when the supply is high , the value will still common .

but yeah , the value of bitcoin will always depend on the people , if not us then bitcoin wont became popular .

It's simple.  The value of bitcoin is how much faith people have in it.  Look at the US dollar.  It is really just a worthless piece of paper but citizens have faith that it will have value tomorrow so they conduct commerce with it.

Yes, i think that the market is trying to show us the real value of bitcoin . Bitcoin in 2017 has reached almost 20k and as you said he dropped again to 6000$ . And i think that he will not reach 20k$ again very soon . Its gonna take some time to reach that value again . Its a pretty big value .

Today it is $6500

I think bitcoin doesn't have a "value" in price. I think it has a banter purposes value. Which means if we compare the price of bitcoin to the price of dollar than we are not going to get a true value of bitcoin. Since bitcoin gains value over years with lack of resources (limited to 21 million max) we are not going to get anything of value when dollar is losing value every year (inflation).

So if dollar keeps dropping in value and bitcoin getting more valuable, we can't say how much bitcoin should worth in dollar. However I can say that bitcoin should be really valuable compared to things you buy, for example just couple satoshi for a cup of coffee sounds reasonable.

True value is whatever someone else will give you for it. Value is subjective not objective.

I guess, $ 6.500 is a real price not the price of manipulation which we can see now.


In my opinion the 'bitcoin futures contract' conducted by CME's one of the strategies of the popes and at the same time as the main cause of all the declines which occurred throughout 2018. Although at first, they built crypto prices towards a better direction (for a moment), in the end they destroyed and left it after getting huge profits from bitcoin which they had exploited massively.

There are billions of people around the world that is going to use it so it is just accurate enough to say the least that it is worth $1M. We want people to see spending their few satoshis to buy a single cheap item. That would be the perfect setup that I'm dreaming that would happen in 2-5 years.

What true means here? clarify it please, every price is true price but not permanent, it is actually temporary price and keeps on changing with the passage of time.

Currently, we have its value equal to 6588 US dollar and few days ago it was something else and if I tell you the yesterday's value it was 6623 US dollar and now you start thinking about this increase and decrease behind which it is demand rate which changes continuously.

This doesn't explain shit actually. If the price falls below the current cost to mine a bitcoin, many miners will be turned off, lowering the difficulty and thus the rewards will increase for those left and the price to mine a bitcoin will adjust down. Bitcoin price could drop to $100 tomorrow and it would be profitable if only a handful of miners were kept mining.
Transactions per block and exchange volume are better numbers to look at regards to price because that reflects demand. Thus, the current price to mine a bitcoin is merely a result of current demand, not a cause of price.