There is no "proper" price for bitcoin

[Zadicar]

certainly no one can do that. all bitcoin price changes happen. even an expert in the analysis traders can not do a correct prediction.

No one could really predict the price of bitcoin anytime and it does really move everytime but it doesnt mean that in future its value would be zero just as stated on the op. Its quiet a nonsense thing to mention those since bitcoin does really have a good community not an imaginable only.I dont know what kind of understanding does it have regarding bitcoin.

[roadbits]

certainly no one can do that. all bitcoin price changes happen. even an expert in the analysis traders can not do a correct prediction.

No one could really predict the price of bitcoin anytime and it does really move everytime but it doesnt mean that in future its value would be zero just as stated on the op. Its quiet a nonsense thing to mention those since bitcoin does really have a good community not an imaginable only.I dont know what kind of understanding does it have regarding bitcoin.

The cryptocurrency value is like that there is no proper value for that, and it will change depends on the market. And yes no one could predict this bitcoin price. And on what basis this price will be fixed we don't know. If we know that fact we can analyse the price. And yes the price may go down, but it will not end with zero ever.

[redsun114]

bitcoin have no proper price and this is the beauty of bitcoin. it makes an Ideal currency for traders and investors.
if bitcoin price stuck to one price and don't up or down. than there will not any sense remain dealing with bitcoin (at least for me)

[danherbias07]

Whoa! Thank God there is something to agree with. I love the fact that it was said "Bitcoin is a imagined community". It is true. It had no physical thing but still it works. Why is that? Maybe that could ecplain why no one here could really predict what price will be the next one.
Yes you could go near the prediction but still there is no basis for that. All of it are mere guess which will not be backed up by any facts.

[mikehersh2]

Of coarse there is no "proper price", there is no proper price for anything. All exchange rates change, not just for bitcoin, but for everything.

It is all based on supply and demand, and bitcoin's volatility does not mean it has no "proper" price.

[justdimin]

Whoa! Thank God there is something to agree with. I love the fact that it was said "Bitcoin is a imagined community". It is true. It had no physical thing but still it works. Why is that? Maybe that could ecplain why no one here could really predict what price will be the next one.
Yes you could go near the prediction but still there is no basis for that. All of it are mere guess which will not be backed up by any facts.

True, the fact that bitcoin has no physical existence and it is limited when it comes to the resources and people are coming in every day means that the user base is getting bigger which means that the price is going to keep on rising, for bitcoin the sky is the limit and we can never really know what the price is going to reach.

[NEWGOODOUBLE]

bitcoin have no proper price and this is the beauty of bitcoin. it makes an Ideal currency for traders and investors.
if bitcoin price stuck to one price and don't up or down. than there will not any sense remain dealing with bitcoin (at least for me)

true because bitcoin fluctuating nature than that many traders on bitcoin, so no price is suitable for bitcoin. bitcoin prices always go up and down, so that users get profit

[slapper]

bitcoin have no proper price and this is the beauty of bitcoin. it makes an Ideal currency for traders and investors.
if bitcoin price stuck to one price and don't up or down. than there will not any sense remain dealing with bitcoin (at least for me)

true because bitcoin fluctuating nature than that many traders on bitcoin, so no price is suitable for bitcoin. bitcoin prices always go up and down, so that users get profit

Bitcoin prices is like a rollercoaster which leads us to the heaven. The prices seem very fluctuating but it always goes up and according to my experience, Bitcoin will reach more than $2000 in June. Well, we have to witness lot of decline if we want to prices continue to go up.

[KennyR]

bitcoin have no proper price and this is the beauty of bitcoin. it makes an Ideal currency for traders and investors.
if bitcoin price stuck to one price and don't up or down. than there will not any sense remain dealing with bitcoin (at least for me)

true because bitcoin fluctuating nature than that many traders on bitcoin, so no price is suitable for bitcoin. bitcoin prices always go up and down, so that users get profit

Bitcoin prices is like a rollercoaster which leads us to the heaven. The prices seem very fluctuating but it always goes up and according to my experience, Bitcoin will reach more than $2000 in June. Well, we have to witness lot of decline if we want to prices continue to go up.

Bitcoin is unpredictable. Right now the price doesn't fluctuate much, its been stabilized around certain price. Further it might grow higher or sometimes it too can go down. With the ongoing price variation we cannot predict that the price touches $2000 by the mid 2017.

[BillyBobZorton]

Most people didn’t buy in bitcoin as the price is not “right” or in other words, too expensive. However, there will be no “proper” price for bitcoin. Lao Mao , COO of Yunbi, released an op-ed article, expressing his views on bitcoin and rebutting some general conceptions among the public.

He concludes the following:
 There is no right price for bitcoin.
 Automated transaction is irrelevant to price
 Developers doesn’t have a better understanding of bitcoin than John Doe
 Pseudo-conception for bitcoin-based applications
 Bitcoin is a imagined community
 Organizational impacts to the long-term value of bitcoin is zero


http://news.8btc.com/op-edthere-is-no-proper-price-for-bitcoin

Obviously there is no right price, it can go as high as the fiat printing machine wants to print, so that means infinite value, and that is not considering stock sand gold and other investmetns moving into bitcoin.

Bitcoin is the king of crypto and all crypto will always be measured in BTC.

[danherbias07]

Whoa! Thank God there is something to agree with. I love the fact that it was said "Bitcoin is a imagined community". It is true. It had no physical thing but still it works. Why is that? Maybe that could ecplain why no one here could really predict what price will be the next one.
Yes you could go near the prediction but still there is no basis for that. All of it are mere guess which will not be backed up by any facts.

True, the fact that bitcoin has no physical existence and it is limited when it comes to the resources and people are coming in every day means that the user base is getting bigger which means that the price is going to keep on rising, for bitcoin the sky is the limit and we can never really know what the price is going to reach.

Yeah! More users means more demands and bitcoin gets the value that is right for it. It is better to have a stock of bitcoin now since this good things that are happening. I guess a lot of people are now looking to the bright side. More than that, if they can read testimonies about people who have change a lot just because of turning their money to bitcoins.

[mindrust]

As long as you make instant transactions, or you move your money between countries, I agree that price don't matter at all.

It only matters if you decide to keep them as bitcoins. And It still doesn't matter as long as you don't sell them for cheaper than what you bought. In other words, hold bitcoins only if you don't need that money in the future.

[Victorycoin]

There's only 0,003 bitcoin per one human. The price should be much much higher

That is given the fact that the upper band of Bitcoin is 21 million coins and when we divide that with the total estimate of world population, 7 billion, that gives  21,000,000/7000,000,000=0.003 BTC. That is certainly a small amount for each person and would most likely drive people to demand for more of it to be able to meet their needs and in so doing, the value would keep appreciating. The best way to go about Bitcoin is to take its increase in value, one price at a time!

[noormcs5]

bitcoin have no proper price and this is the beauty of bitcoin. it makes an Ideal currency for traders and investors.
if bitcoin price stuck to one price and don't up or down. than there will not any sense remain dealing with bitcoin (at least for me)

Yah, having unstable price of bitcoin is interesting right? Having a high and low, but mostly increasing value of it every single second is a good thing with this. If the price is stuck in one price for sure the people will not stay on this.

[positivezero]

Welcome to Economics 101 lol. There is no "proper" pricing for anything, it's all subjective.

Yes, there's nothing proper to it, good thing for it is even it is not proper but atleast it would increase or decrease a price. It would be more nice, exciting, interesting, and it would become the center value of bitcoin. Bitcoin always change the value of the price day to day and that' s the investors want to have more profit.

[darklus123]

Welcome to Economics 101 lol. There is no "proper" pricing for anything, it's all subjective.

Nailed lol. That is why i dont see any difference of bitcoim form other currencies or even items. When it comes to pricing. As there was this known philosopher said that no man is island

[requester]

Do you know that dollar and other currency also doesn't have proper price everything keeps changing in every moment. Actually all these values changes with respect to another. Similarly bitcoins value changes with comparison to other cucurrency it's price 1 btc will be always 1btc only. Only the difference from fiat is value compared to other currency changes drastically.

[Gliassa]

yes i accept it . bitcoin is popular in world that's why it has no proper price . many people buy and trade it beacuse they know other people surly buy and trade them.

[cryp24x]

There is no right time to buy bitcoins because we always hope that the price will become cheaper but then we see that suddenly the price gets higher and higher, the current price is high but it may be low if we think after few years.

On the contrary we can say that it is always the right time to buy bitcoin because Bitcoin price might increase in price tomorrow or the next day, who knows.  Applying the same logic, meaning it can be the best time to buy or the worst time to buy, but eventually the right time to buy depends on the person on how much he needs to have a hold of Bitcoin.

[rickadone]

yes i accept it . bitcoin is popular in world that's why it has no proper price . many people buy and trade it beacuse they know other people surly buy and trade them.

I don’t think there is no proper price for bitcoin for that reason.
I think people are using bitcoin and more people are coming in to the bitcoin industries because of the price so as long as the price keeps on going up people will still use it and trade it, higher price means more people and more people means higher price.