How to evaluate the value of Bitcoin?

[bxxkj]

In the eyes of economists, it is difficult to assess the value of Bitcoin. With the existing economic model evaluation, there is no reference, bitcoin can not see intangible and there is no statutory credit support, unlike gold can be considered from industrial use, jewelry, central bank reserves and so on.

Bitcoin is open source. Anybody who spends 2,000 yuan can copy the same bitcoin system. A full name can be sent by changing the name of a street currency. What is their value?

[sdshd]

In the eyes of economists, it is difficult to assess the value of Bitcoin. With the existing economic model evaluation, there is no reference, bitcoin can not see intangible and there is no statutory credit support, unlike gold can be considered from industrial use, jewelry, central bank reserves and so on.

Bitcoin is open source. Anybody who spends 2,000 yuan can copy the same bitcoin system. A full name can be sent by changing the name of a street currency. What is their value?

Bitcoin's value fluctuations are based on buying and selling, just like stocks, but there are hot debates about what Bitcoin's price represents. In theory, the value of Bitcoin should reflect investor confidence in Bitcoin as a technology. However, in reality, most investors regard Bitcoin as a commodity because of its limited supply. Nakamoto eventually limited Bitcoin's total supply to 21 million. At present, it has generated 16.7 million. Every time a miner uploads a new block to the blockchain, he can receive a small amount of new coins as a reward.

[pooya87]

Bitcoin is open source. Anybody who spends 2,000 yuan can copy the same bitcoin system. A full name can be sent by changing the name of a street currency. What is their value?

just because you can copy bitcoin's code it doesn't mean you can create "bitcoin". and it doesn't need any money by the way you can do it with 0 Yuan.
you can take a look at at least 30 bitcoin forks that happened in past 3-4 months and also look at the 7000+ altcoins that have been created in the past 8-9 years, 80% of them were copy of bitcoin and none of them became bitcoin and 6000+ of them are currently dead.

[franky1]

evaluating the price of bitcoin

bitcoin is not priced just on faith/belief. its price based on cost to make/buy
ignore the highs, ignore the hype, ignore the speculation rises. as that is speculative bubble stuff..

now let me explain
the best place to start with, is mining costs. mining pools will refuse to sell for less than it cost them to make bitcoin

secondly traders. (buyers/sellers) can sell for less than what a miner would refuse to sell for, but a trader will refuse to sell for less than they bought it for.

once you know these two numbers, you will have 2 'resistance points' to use for analysis
hint 1.
for mining cost. take the current hashrate and divide that by 14.
you now know how many S9 ASICs are running. now look for the price of an S9 and multiply that with the number of S9's running
imagine most S9's are going to run for about a year before they burn out or get replaced, etc. so divide that number by 365 to get a daily cost
then divide that by 1800 for the average amount of bitcoins minted each day

hint 2.
for traders resistance point. look at the price chart for 6-12 months. ignore the high prices and only look at the significant low points you might see 3-4 really noticable lows.. join up those low points with a line to see a smoother average trade resistant point

there are many other markers of rational nderlying value. but knowing a few of them gives you the bases of healthy 'value'.. and then when you see price spikes go way above that average in too short of a time. well that is the speculative bubble area price/not value.

imagine the resistance points as bath water of true utility,function, desire, demand.. and anything above that as bath bubbles that can be stirred up to create peaks, or burst back down to leave only water once the stirring has stopped

evaluating the utility value
unlike the 6000+ other altcoins. bitcoin actually does something. although the fee's can be high at times i can buy real food in the real world with my bitcoins. but i cant use litecoins ethereum or any of the other thousands of coins with that same merchant to get the same food.
bitcoin while it remains the more popular coin for merchants to accept has utility value.

so if you want to evaluate utility value, just look for examples of real life things that can be bought/done with a crypto currency

[Rockstar1]

You can easily copy an iPhone too in China for 2,000 yuan. Not like that's going to get you anywhere.

Not about copying -- it's about supply and demand.

And right now, the demand greatly outweighs the supply ^_^

[Radio-Active]

I guess you need to be active monitoring the bitcoin price in the market.
So you can evaluating the value of bitcoin with a decent accurate analysis.

[Moneypham5]

Despite hearing about bitcoin in 2011, it was not until I watched a documentary and participated in forums for exchanging information about this coin that I decided to invest in it. So it's not hard to understand why this currency can manipulate the entire financial market. I decided to buy bitcoin as a long-term experience and use less than 1% of net worth. at that time to invest. I want to make a lot of money from bitcoin, but more than anyone else I understand that if I lose everything, I do not have to trade my life for it. At the moment I write these lines, bitcoin is being traded. at $ 14,400, and so the value of the bitcoin I own is up to nearly $ 1 million. It took me 5 years to work 80 hours per week to make $ 1 million in savings and invest in the stock market. But with bitcoin, my money increased by $ 1 million just in value. For a year I do not have to do anything. And no doubt, it's the most valuable and easy money I've ever made in my life. So only experience you know how valuable BTC value

[heisenberg0000]

In the eyes of economists, it is difficult to assess the value of Bitcoin. With the existing economic model evaluation, there is no reference, bitcoin can not see intangible and there is no statutory credit support, unlike gold can be considered from industrial use, jewelry, central bank reserves and so on.

Bitcoin is open source. Anybody who spends 2,000 yuan can copy the same bitcoin system. A full name can be sent by changing the name of a street currency. What is their value?

I don't think that we can put a stable and true price for bitcoin because it is the market and the people that puts a value and price for it. If you wanted to put a value on your bitcoin then I think you can do a cost averaging based on how much you have purchased on a certain date. This is the strategy that I do and follow on putting a value on my bitcoins.

[piloder]

Bitcoin hold its value because of its massive demand around the globe and its acceptance over thousands of merchants. Bitcoin has been forked many types but only bitcoin has high demand and other coins are just there to play with to make quick bucks without any actual use.

Bitcoin has huge community support in behind that is creating constant demand for bitcoin and holding its price.

[jaaeeeyyyy]

In the eyes of economists, it is difficult to assess the value of Bitcoin. With the existing economic model evaluation, there is no reference, bitcoin can not see intangible and there is no statutory credit support, unlike gold can be considered from industrial use, jewelry, central bank reserves and so on.

Bitcoin is open source. Anybody who spends 2,000 yuan can copy the same bitcoin system. A full name can be sent by changing the name of a street currency. What is their value?

As far as i know bitcoin cannot be counterfeited, clone , copy or replicate because there is significant codes for every decimals on bitcoin's value. Bitcoin's value is reflected by how the cryptomarket is behaving, price of bitcoin will depend on demand by the people over the total circulating supply of it, meaning the higher the demand the higher the price will be.

[dexterbit]

High demand and limited supply make bitcoin most valued currency in the world.as you might know,Bitcoin production will stop at some point in the near future if demand will keep increasing like today bitcoin can be worth million dollar.

[CAPT.DEADPOOL]

sobrang baba ng bitcoin ngayon this year pero ganun talaga pero ok na din na bumaba para maka bili ng mura at madaming bitcoin pero madami din ang laki lalo na yung mga bumili ng mahal noon holdlang tau

[fortuneteller]

Bitcoin hold its value because of its massive demand around the globe and its acceptance over thousands of merchants. Bitcoin has been forked many types but only bitcoin has high demand and other coins are just there to play with to make quick bucks without any actual use.

Bitcoin has huge community support in behind that is creating constant demand for bitcoin and holding its price.

I strongly agree. basically applies the law of supply and demand. if supply surpassed the demands then the value of bitcoin goes down. on the other hand if demand for bitcoin outburst then its value goes up. the mere fact that supply of bitcoin is finite many are aiming to hold some of it for future tradings and uses. come to think of it if bitcoin comes to 1million supply only and it came to the point that it is still being valued as the highest cryptocurrency people will be battling for its possesion.

[Chaser35]

It is difficult to assess Bitcoin as being a high currency, but I think Bitcoin will be so much more based on observations and I think it will be used after this increase in Bitcoin countries, so investing in Bitcoini is not an easy task.