Adams Smith wrote that the price of all things are equivalent to the human labor involved in their exploitation.   The price of gold is determined by the cost in human labor to mine it.  It can then be exchanged for another commodity which takes an equal amount of labor to create it.

Over time I have been able to find ways to place a price on stocks which I can use to evaluate what their value is to me.   I can then buy and sell based on what I determine as value at any time.   

I’m not a currency speculator but I also believe the US dollar is being killed.   I don’t like having much of a cash position but would rather be fully invested.   At this time what I see is a highly inflated value of the S&P 500.  Any bonds other the very short term bonds come with too much risk tied to the Feds low interest rate policy and the increasing money supply along with quantitative easing which is placing too much fake money on the Feds balance sheet.

After many years I have developed a feel or intuition to tell me when prices are out of line.   When it comes to bitcoin I am at a loss.   I like the core concept of bitcoin and long term it seem like it will all work out but it’s value is another issue.   I just don’t have a feel for what it’s worth in exchange for food, a house, a car, gold equivalent.  It seem that it should be relatively close in value to the cost incurred by the bitcoin miners.   How do I find out what the current cost is to mine bitcoins.  It cost to mine a well know number kind of like the PE for a stork or index?

I have started to buy small amounts which I plan to hold but I really don’t like the volatility.  It is also difficult to invest in something when I don’t really have any history to give me a clue of somethings value.  I doubt I would hold if bitcoin went over 5000.  It seems to be moving a bit too fast.

Yes, but how often can you follow this advice. I mean if you have coins with you , you will always be tempted to see what going on in the market? Whats the current value of the coins and other things like that. And if the price is very low you will be worried and a high price will give you greediness to sell the coins. Rather than stop watching the market, you should make your emotion strong and have control over your emotions.

This is sort of an odd question, and I haven't read people stating this in this thread, which is the correct answer. 

Math of course can help you improve your chances of winning.  The problem is, even though you improve your chance, it still not a positive % that you are going to win, or the expected value is still negative, meaning, the more you play the more likely you are to lose.  But yes, Math absolutely improves your chances of winning.   

It's up to you mate, but if you ride the FUD it'll be your decision, somehow, maybe they are just up to something to bring the price of Bitcoin down in order to accumulate more into lower prices.

Few days ago a friend asked me this questions. But i cannot understanding that how to i give him answer. At last i said him that, bitcoin is an online currency. Only this currency used in online marketplaces. It is not possible to use it in offline marketplace like offline currency.

But what is your best answer of this question?

Bitcoin has many advantages. For example, the same opened cryptocurrency code. You can see any user transaction, you will agree that it is very convenient. I also think that bitcoin lacks inflation, number of bitcoins grows and grows every day, which makes bitcoin universal. So bitcoin can not be forged, it's not real money, it's impossible to deceive anyone.

I think, it will be very helpful to college students especially to those students that related to their course in bitcoin, because bitcoin brings  a knowledge to them.Especially bitcoin will help their financial needs because it will help them to earn money even if they are a college students only.So the  time will come that the college students  will not waste their time into the worthless things.

For me I don't know who are the supplies us bitcoin maybe not time to who's the supplies the bitcoin maybe someday i know that.

Well i.don't know but if that were to happen, its probably not goong to be in our lifetime. Banks will always be the dominant force in the market in our generation and likely even the next.

I'm also sure that there is great speculation of pump and dump bitcoin, if we see that the market cap has reached $ 100 billion would be a good opportunity for speculators to get profit from pump and dump.

Cash for old school gangsters, Bitcoins for Future businessmen

Trading is my hobby. I always act normal even I encountered loss. I know that having a loss in trading is normal and I believe that it is a part for me to become a professional trader someday.

I think Bitcoin is better than Ethereum now. Ethereum price is stable meanwhile Bitcoin price is predicted hit about $20,000 in few next years.

It is really in its infancy stage from the look of things just as you have said. We haven't even seen that much huge adoption yet and we are already at this stage. Imagining what it would be like when more companies, merchants, wall street dudes, and other big players start joining the party, then it would be like a speedy train without brakes.

Wow what i nice series of numbers i hope this may happen, Actually we don't know what will happen in the future. So lesson save bitcoin as long as we can and wait until the right time to sell.

Surely the time comes when bitcoin is offering you to choose it. There was a time when no one knew about bitcoin and it was all and only technical people who are working on it they knew it. But now, social media and electronics media made it possible to spread about bitcoin all over the world. Good luck for all those who are investing in bitcoin and may they have much better.

yes off course it could be, theres no doubt about it, we all believe that bitcoin has  a high market value right now therefore many people get interested on it too, and it happens that now bitcoin continues to grow its price , and we doesnt think before that bitcoin will go over like this price and now we can see bitcoin price is to the moon now and it is good now more good than years before.