Don't trust anyone who tells you how much Bitcoin is worth

[lazaruseffect11]

What's the value of Bitcoin? I can't tell you that, but I can tell you something equally important: No one knows.

Not a single person can tell you what the price of Bitcoin will be tomorrow, in a month, or in ten years. Not the Core development team that's (sort-of) directing the course for the booming cryptocurrency, not those ubiquitous ads that claim you could be earning millions on crypto, not even Satoshi Nakamoto, Bitcoin's secretive creator (or group of creators) whose identity is still a complete mystery.

The true value of Bitcoin has become a source of debate recently after its price has risen sharply in the past year despite issues like a recent split into two separate systems and moves by China to ban cryptocurrency trading. That has led to concern about Bitcoin's future, and posed the question—is Bitcoin really worth anything?

Bitcoin is a category-defying beast. It's not exactly like gold, not exactly like currency, and not exactly like company stock, and yet it exhibits behavior similar to all of these asset categories. It escapes the confines of economic theory: Try to define it in strictly economic terms, and you'll fail.

More of this nice article here...

Bitcoin is really a new category and those people who are trying to define Bitcoin and its value based on the past analogy may not be doing justice to this digital currency. While we have to look into the past, it would be much better if we focus our energy more on the future. And Bitcoin is the future of money happening today. Bitcoin is different, it is unique and it is valuable on its own right.

I do agree not to trust anyone especially about the price of bitcoin. As a person who knew bitcoin well, i will just monitor its price in the internet because it is indicated there. I dont need to trust anyone about its price because i can learn it myself. We should have enough knowledge about bitcoin in order for us not to fool by someone.

[1714005631]

1714005631

[eaLiTy]

I totally agree with you, everyone here can only have some predictions about its price. But real world, i mean people, goverments, technical issues, miners etc. will create Bitcoin's price. Now we can only show the advantages of crypo, but the question is, how much are these things worth?

The real value of a product is decided by the people and it is shown by their acceptance ,the white paper of bitcoin was submitted at an apt time when the world did not know how to tackle the recession and for those who could really understand the concept of a real decentralized monetary system became a part from the beginning and the rest is history.

[bettercrypto]

Well it is true that no one knows what will be Bitcoin price in the next 30 minutes.  Bitcoin price is driven by market speculation so the price keep fluctuating and changing because the demand and supply of Bitcoin changes every minute.

The real value of a product is decided by the people and it is shown by their acceptance ,the white paper of bitcoin was submitted at an apt time when the world did not know how to tackle the recession and for those who could really understand the concept of a real decentralized monetary system became a part from the beginning and the rest is history.

True it is the people who decides how much they are willing to buy or sell their Bitcoin.  The price is decided by ourselves if we want to transact with it or not.

[onpages]

Well it is true that no one knows what will be Bitcoin price in the next 30 minutes.  Bitcoin price is driven by market speculation so the price keep fluctuating and changing because the demand and supply of Bitcoin changes every minute.

The real value of a product is decided by the people and it is shown by their acceptance ,the white paper of bitcoin was submitted at an apt time when the world did not know how to tackle the recession and for those who could really understand the concept of a real decentralized monetary system became a part from the beginning and the rest is history.

True it is the people who decides how much they are willing to buy or sell their Bitcoin.  The price is decided by ourselves if we want to transact with it or not.

The point is more and more transactions the price movement will be faster.
or we conclude that more and more are using Bitcoin then Bitcoin will be valuable.

[NewBet]

Why not? All you need to do is go to any site like an exchange or preev.com and can see how much Bitcoin is worth.

[Tsuloid]

Smiles, some prophets and gurus say that Bitcoin is worthless, the truth is that banks worldwide and some nations have a great interest in technologies based on blockchain, part of the attraction are the profits that are generated in projects and ICO, product of the creativity and initiative of visionaries who probably do not know the future value of their projects.

[Burks]

Well it is true that no one knows what will be Bitcoin price in the next 30 minutes.  Bitcoin price is driven by market speculation so the price keep fluctuating and changing because the demand and supply of Bitcoin changes every minute.

The real value of a product is decided by the people and it is shown by their acceptance ,the white paper of bitcoin was submitted at an apt time when the world did not know how to tackle the recession and for those who could really understand the concept of a real decentralized monetary system became a part from the beginning and the rest is history.

True it is the people who decides how much they are willing to buy or sell their Bitcoin.  The price is decided by ourselves if we want to transact with it or not.

The point is more and more transactions the price movement will be faster.
or we conclude that more and more are using Bitcoin then Bitcoin will be valuable.

Your point sounds good,more using of the bitcoin will increase the price of the bitcoin.we all knows the the value of the bitcoin when it was launched and today's value.the price is keep increasing by how much we use the bitcoin as a currency for our needs.Can we conclude that at the time when all people knows about the bitcoin the price willbe very very high.So its better to invest today itself.

[Hui8]

The past analogy might play little or no role on the bitcoin price but it could give us proofs of its rise patterns in terms of value. It can't do much more than that as seen. The bitcoin price is artwork of investors that is what I'm seeing in my daily life. I have seen so many news coming everyday, with each news there is big merchants or sometimes government are involved who can disturb the price either in negative way or the positive way. It's not that complex as more investor means more volume getting driven in the bitcoin and hence the price we see.

[Rahar02]

It always become a good thing to speculate about bitcoin will rise in the future and vice versa.
If more people join in bitcoin environment in order to trade bitcoin for profit, it may cause volatility in the market.
If people really believe in bitcoin to store the value and use it as medium of exchange, the price will constantly increasing.
Indeed, bitcoin isn't all of those but consider it as an alternative currency which still on development to gain more value and stability.
We can't say bitcoin price will reach certain price tomorrow or next week, moreover for a month or years, but we just speculate based on our predictions due to current market situation, it may not precise but at least almost true.

[rjbtc2017]

What's the value of Bitcoin? I can't tell you that, but I can tell you something equally important: No one knows.

Not a single person can tell you what the price of Bitcoin will be tomorrow, in a month, or in ten years. Not the Core development team that's (sort-of) directing the course for the booming cryptocurrency, not those ubiquitous ads that claim you could be earning millions on crypto, not even Satoshi Nakamoto, Bitcoin's secretive creator (or group of creators) whose identity is still a complete mystery.

The true value of Bitcoin has become a source of debate recently after its price has risen sharply in the past year despite issues like a recent split into two separate systems and moves by China to ban cryptocurrency trading. That has led to concern about Bitcoin's future, and posed the question—is Bitcoin really worth anything?

Bitcoin is a category-defying beast. It's not exactly like gold, not exactly like currency, and not exactly like company stock, and yet it exhibits behavior similar to all of these asset categories. It escapes the confines of economic theory: Try to define it in strictly economic terms, and you'll fail.

More of this nice article here...

Bitcoin is really a new category and those people who are trying to define Bitcoin and its value based on the past analogy may not be doing justice to this digital currency. While we have to look into the past, it would be much better if we focus our energy more on the future. And Bitcoin is the future of money happening today. Bitcoin is different, it is unique and it is valuable on its own right.

I Strongly agree with you, i love how the bitcoin community and bitcoin itself supports each other to shape the future of currency and also the future of payment. Owning one is a great privelege. We should really focus on the future of bitcoin as a currency and continually show support for it's maturity.

[thenameisjay]

I completely agree. I just love how volatile bitcoin is today. It just goes to show that Bitcoin, in today's state, has a lot more in-store for us. I'd give it a few months to see another major development. Never ever get baited from people telling you the value of bitcoins. Read and speculate with experts. Believe only on the graphs and always be keen on news. People wouldn't be gullible enough to believe fake prices if they only knew where to find actual and true news on bitcoins.

[frowsiter]

Smiles, some prophets and gurus say that Bitcoin is worthless, the truth is that banks worldwide and some nations have a great interest in technologies based on blockchain, part of the attraction are the profits that are generated in projects and ICO, product of the creativity and initiative of visionaries who probably do not know the future value of their projects.

Yes world accepted the swift technology and I believe that they will integrate the swift with blockchain for better tomorrow. They have seen the potential of blockchain technology through all this years. They know that banking system can improve with the implantation of blockchain.


The prices will always drive crazy if something like this happens in the future. Plus there are huge chances that government will accept the bitcoin along with blockchain. The potential is huge for this coin.

[kafiddrhman]

If this is true then bitcoin will grow faster and I'm sure the bitcoin price will definitely be higher than now, and now is the right time to invest in bitcoin.

[TheUltraElite]

All I see on the news is just propaganda news to negate the effects of bitcoin and its popularity. Fact is people are worried that they did not enter the crypto market and they are losing out on the easy money that crypto investors made by buying bitcoin. It is human nature to defame something that you want but could not have. It is your decision whether you want to buy or sell bitcoin and thus no one is forcing you to do so. I am holding bitcoin for its worth and willing to sell small amounts of it when prices rise again.

[Kemarit]

I completely agree. I just love how volatile bitcoin is today. It just goes to show that Bitcoin, in today's state, has a lot more in-store for us. I'd give it a few months to see another major development. Never ever get baited from people telling you the value of bitcoins. Read and speculate with experts. Believe only on the graphs and always be keen on news. People wouldn't be gullible enough to believe fake prices if they only knew where to find actual and true news on bitcoins.

It a haven for trader. The volatility makes bitcoin what it is today. Without it, no one will try and invest on it and believing that next day will be another price increase. Maybe you are referring to the Segwit2x in just a couple of months which will be another major milestones to all of us. For those who have a hard time reading the graph or TA I suggest you spend your time here in the forum and see what experts has to say about the price movement. Its purely based on speculation though, so just make sure you are in your senses and make better judgement. And as what the OP has stated, Don't trust anyone who tells you how much Bitcoin is worth.

[naidray]

even the charts? well, ive heards there are groups who manipulate the value but still..

They call them whales! They have the funds most especially and they try as much as possible to also use speculations to their advantage. Imagine having a whole lot of cash now and I tell everyone working under me to start buying at any rate, the value of course keeps increasing and every trader and users want to quickly get in back until we start seeing a huge rise in value (that is being able to control the market)... stuffs like this are normal and we cannot help it. Once it gets to a value, I can easily start dropping bit by bit to my own advantage to make some profits.

[bestluck]

If this is true then bitcoin will grow faster and I'm sure the bitcoin price will definitely be higher than now, and now is the right time to invest in bitcoin.

There is hardly any doubt to deny this fact that Bitcoin market price will keep on increasing in a very similar fashion as we have seen in the past in the coming days. In my opinion, you need to go through charts and something on which you can rely while deciding the market price of Bitcoin in the coming days.

[kriptotr]

It always become a good thing to speculate about bitcoin will rise in the future and vice versa.
If more people join in bitcoin environment in order to trade bitcoin for profit, it may cause volatility in the market.
If people really believe in bitcoin to store the value and use it as medium of exchange, the price will constantly increasing.
Indeed, bitcoin isn't all of those but consider it as an alternative currency which still on development to gain more value and stability.
We can't say bitcoin price will reach certain price tomorrow or next week, moreover for a month or years, but we just speculate based on our predictions due to current market situation, it may not precise but at least almost true.

Having more people in this bitcoin ecosystem is always better, but the idea is different. Some people are trying to manipulate the other holders by saying incaccurate things.

People should determine the bitcoin on their own, not depending on others.