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.

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.

It wont really go zero but going 1 sats is possible specially on shitcoins out there they really dump their price but for bitcoin price it wont really go to zero unless if its dies and no one would able to use it.Possibilities are really there but price cant be predicted no matter what,

[Ravion]

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

The price of Bitcoin, just like everything else, is subjective. The price that Bitcoin is at right now is the ask price for the amount that's available at that particular price. If all the Bitcoins that are available at the current price are bought, the amount of supply available at the next best ask price will become the price of Bitcoin. That's how prices are formed in all markets.

[MichalGoe]

I honestly think people should just treat bitcoin like regular money, you earn it by working..

[CyberKuro]

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.

It can't be accurately but we could speculate how it will be based on the market trading volume and government regulations which affected decision of big investors. Yes, there is no proper price for bitcoin yet, but it should be has certain point somewhere in the future when more adopters and groceries join in, bitcoin will get good liquidity then.

[eternalgloom]

Maybe Bitcoin shouldn't have a price? Maybe it should be free, and you should give me all of yours?

The price for bitcoin just seems to high in the current moment. in some developed countries to spend 1000$ to buy one bitcoin would be good investment in future. Bitcoin will be doubbled during this year. So it is fast chance to dobble your money.
I think some people just do not understand bitcoin in how it works, because of it is totally unique thing. Weneed to be educated about bitcoin.

I'm not sure how educated you are. Bitcoin's values is not "too" high, if anything, it's too low. You're thinking wrongly, as if you need to buy exactly one Bitcoin. Bitcoin is infinitely divisible (in theory), so you have to get rid of the idea of their being a "1" unit of Bitcoin anyway.

On Bitcoin being 'infinitely divisible', even in theory, I think that's just not too accurate.
If Bitcoin ever comes close to becoming a global currency, used by a few billion people, even the current supply isn't going to be enough to support such a massive user base. 

[jtalk]

Bitcoin seems more an asset the way its price are volatile just like assets and commodities. It is fact that normal currencies also see changes in value but the way Bitcoin goes 100$ up and down it is biggest hurdle in its way to become normal currency. It price always will be manipulated by big whales.

[hl5460]

Bitcoin seems more an asset the way its price are volatile just like assets and commodities. It is fact that normal currencies also see changes in value but the way Bitcoin goes 100$ up and down it is biggest hurdle in its way to become normal currency. It price always will be manipulated by big whales.

No, it's the volatility that divides bitcoin from other assets.

[hisuka]

This is absolutely right, no proper price for bitcoin. As bitcoin depends on demand and supply, also its fluctuating price thats why there's no really proper price for bitcoin. This would definitely be more growing in the market, as bitcoin is becoming popular each day.

[Sadlife]

Bitcoin holds value because of the people who uses it. This crypto currency has a unique decentralized feature thats why it attracts investors or even ordinary people to use it.
Yes it has no proper price because the market dictates in other words those people who uses it dictates what would be it's price value.
Bitcoin is one of good example of a volatile currency because no individual has the power to control it but the majority itself decides if this digital curency is over or will continue to pump.
Throughout the years bitcoin has survived countless bubble but look at bitcoin now.

[danherbias07]

Bitcoin holds value because of the people who uses it. This crypto currency has a unique decentralized feature thats why it attracts investors or even ordinary people to use it.
Yes it has no proper price because the market dictates in other words those people who uses it dictates what would be it's price value.
Bitcoin is one of good example of a volatile currency because no individual has the power to control it but the majority itself decides if this digital curency is over or will continue to pump.
Throughout the years bitcoin has survived countless bubble but look at bitcoin now.

Looking at it, it should just go back to its history price. The rarity of it should give it more value as if it is like gold that will be depleted in the long run.
It is lined up with commodities and currencies so there would really be no proper price. It is leaning to the usage of people who have it and to how much demands will come. If nothing will be left to earn or to buy or even be mined then it will become more expensive.

[wahb]

This is absolutely right, no proper price for bitcoin. As bitcoin depends on demand and supply, also its fluctuating price thats why there's no really proper price for bitcoin. This would definitely be more growing in the market, as bitcoin is becoming popular each day.

very honestly even there is no proper price for any other currency even not for fiat. their price also changing from time to time. bitcoin price is increasing because of the demand and supply. if people want to buy bitcoin then the demand is increasing and when the people start selling then the demand is decreasing.

[Ipwich]

This is absolutely right, no proper price for bitcoin. As bitcoin depends on demand and supply, also its fluctuating price thats why there's no really proper price for bitcoin. This would definitely be more growing in the market, as bitcoin is becoming popular each day.

very honestly even there is no proper price for any other currency even not for fiat. their price also changing from time to time. bitcoin price is increasing because of the demand and supply. if people want to buy bitcoin then the demand is increasing and when the people start selling then the demand is decreasing.

The price is the proper price of bitcoin, if you speak about fixed price or stable price, it would not happen, we are limited in supply so we have to live with that reality. Now, for us who want to take advantage of the volatility of bitcoin, I guess we better think of investing now, the price will increase ni the future and that cannot be prevented as the population of adopters are increasing.

[olushakes]

I will agree with the part that there is really no proper price and I believe its part of the decentralization that was put in mind by the developers where the decision regarding the price is determined by the users and not one body or agency that will say  'this is the price" whether it Worth's more or less that that no one knows. But in all, I have the opinion that its a good thing that we make our gain when price increases and count our losses when the opposite occur.

[poloniexwhale]

IMO bitcoin is priceless because the technology and concept of bitcoin is priceless. You know blockchain technology can help bank for higher efficiency.

[megynacuna]

It's very true there cannot be any "proper" price for bitcoin because it's volatile and events of pump and dump constantly affects its stability. For traders there could be a "proper" price at a particular point in time but not all the time.

[requester]

it is cryptocurrency and its price varies with demand and availability. since its supply is limit all we know so its demand is increasing day by day and finally we end up in having unstable value of bitcoin. and its is almost near to the impossible to make the price stable.

[BitcoinPC]

It is right, there is no proper price for bitcoin, Because bitcoin create for online users, and it don't need it, because it is a crypto currency, and in it, price value very important thing for bitcoin users. We earn from bitcoin behalf of its price, sometime it is increased and sometime it is decreased, So it is better for us to earn from bitcoin in this way.

[bob123]

It is right, there is no proper price for bitcoin, Because bitcoin create for online users, and it don't need it, because it is a crypto currency, and in it, price value very important thing for bitcoin users. We earn from bitcoin behalf of its price, sometime it is increased and sometime it is decreased, So it is better for us to earn from bitcoin in this way.

I think there is a price for bitcoin.. its all about the Demand and the Supply.. and if People are willing to pay 1k for 1 BTC.. then this is the "proper" price (at this time at least).
When Price is increasing/decreasing its just reacting to the market. Just like anything in economy.

[Spandam]

I dont know if there is anything in this universe that exists with a definite value or price. Even the dollars and other currencies get up and down. Various things gets up and down due to market demand and supply, then how we expect bitcoins price to be fixed ? I guess its very bad if price remains same because then we cannot trade.

[wisqo]

Bitcoin holds value because of the people who uses it. This crypto currency has a unique decentralized feature thats why it attracts investors or even ordinary people to use it.
Yes it has no proper price because the market dictates in other words those people who uses it dictates what would be it's price value.
Bitcoin is one of good example of a volatile currency because no individual has the power to control it but the majority itself decides if this digital curency is over or will continue to pump.
Throughout the years bitcoin has survived countless bubble but look at bitcoin now.

Agreed. To add, wider adoption of bitcoin as a form of payment will ultimately lead to a larger user base. This in turn will have an upward affect on prices. In principle, as Sadlife points out, the "invisible hand" of the market sets the price.