Fair is one of the worst words ever invented for the English language.
Fair means you didn't do something someone else did and now you're spiteful
Fair means you didn't do something someone else did and now you're spiteful
I don't mean it that way. In financial analyses, 'fair value' means a price that does not value the company too high, or too low. A price that corresponds with the profit margin it makes and the growth potential it has. The market influences that price, sometimes the market pays a lot less than fair, sometimes a lot more.
When valuing currencies, you cannot use profit margin, but you can use amount of transactions (actual growth), and potential growth. I think I show clearly in the opening post that based on amount of transactions we are not at 'fair value' but are overvalued. Since 'potential growth' is the same today as it was a year ago this is not a valid counterargument.
I'm not spiteful or jealous I think. I am pissed.