The value of bitcoin?

[crzy]

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.

People value bitcoin because it is much precious as gold. Bitcoin gives life to people.People now is desperate looking for bitcoin because bitcoin now is getting popular because it gives cash to people who knows about the rules of bitcoin.Most of this time bitcoin is getting expensive they will value more.

A lot of people are now believing on bitcoin and the price of bitcoin will soar higher as a result. Bitcoin offers great opportunity for ordinary people to make money and in the future a lot of people will surely benefited on this revolution of a great technology.

[Riddikulo]

You cannot estimate the value of BTC as it is really doomed to grow, and as we all see it have been doing it all the time. Yes, the periods of rollbacks happen, but they are temporary. It might cost already $48,000 in several years, and you’ll see it.

[sampalokmix]

The production and the monetary supply of Bitcoin are invariant, so the only long-term variable determining the price is demand. It doesn't matter what it costs miners to mine it.

In fact, the price determines the aggregate cost of mining, and not the other way around. That is because the cost of mining only determines who mines. It does not determine how much is mined.

I agree with that, bitcoin has no exact amount or in other word its volatile it is one of the essential feature that bitcoin possessed . If its volatility is absent I think people will not recognized as faster as it could to be an essential thing to pursue, and bitcoin price dumps but pumps for the next time I think it's one of the technique of bitcoin thats why it becomes expensive.

[paaatrisya]

Bitcoin has value as a private digital currency, investment tool and social networking tool.

[d1ceplayer]

The value of bitcoin now a days is becoming more predictable for the early investors of bitcoin. One of my friend, who is one of the few people I knew who believes in bitcoin back in days and invest why bitcoin is on its earlier stage. He once told me a forecast about whats going to happen on bitcoin in the month. And the month after, the thing that he told me to happen really happens. That is how experienced investor be like when they already become knowledgeable on the market trend of bitcoin.

I don’t think they are able to predict anything, they just guess and call a high price knowing that it will one day reach that rate. And for how the price of Bitcoin is determined, I believe it is not by the level of labor that is being put in, it is by amount of investment that was made by investors.

One of my friends normally says the Bitcoin price is mostly speculations, but as someone who is on the side of Bitcoin, I wouldn’t say such thing. As for predicting the market, it takes a lot of experience to do that, but not all predictions works.

Well,  it always great having increasing its price every month. They always moving weather decreasing its price or increasing its price rates. They only thing is be patient and continues in investing so that it will give credit to the value of bitcoin.

Exactly! Patience is the only key to success and that too for a person who actually wants to earn a huge amount of money by investing in bitcoin.

If we look at the market value of bitcoin since the time it was introduced to this world, then we’ll notice this thing that its value is increasing significantly with each passing day. Bitcoin will be in deed very much valuable in the coming days and it will serve the community in the best way.

[Idrisu]

Since you cannot hold bitcoin above $5000, I believe you have sold your bitcoin by now but today bitcoin is just a little dollars to $10,000 and the volatility and upwards movements is to our favour.  Bitcoin value will not be stable for now as we are just at the early stages and many people and investors has little knowledge on bitcoin and once bitcoin go mainstream we would be seeing it price above $100,000.

[Swenna]

Bitcoin is volatile. It's value changes minute to minute so there is no exact value. It was able to reach $10000 dollars recently but now, it had gone back to $9985. It changes depending in the flow and movement in the market.

[gorot]

But price doesn't mean value. Yes, price is rising, but value is the same and it's the biggest problem as for me.

[supandi wiharja]

I'm really surprised by the current bitcoin value, the bitcoin price movement is so fast and now it's worth over $ 10,000, it's really a fantastic value.

Significant bitcoin growth makes many people want to invest in bitcoin because they want to take advantage of this very promising price.

Everyone will take advantage of a good opportunity by looking at the situation to gain great benefits through the use of bitcoin.

[odolvlobo]

But price doesn't mean value. Yes, price is rising, but value is the same and it's the biggest problem as for me.

Value is subjective. While you may believe that the value of a bitcoin is below the current price, the person that bought at the current price believes that the value is above the current price.

[fullhdpixel]

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.

Bitcoin is a crypto currency and there is always up and downs in the value of crypto coin as they are not perfectly stable.

But what really matters is its average value and its graph and in the case of bitcoin the graph is ever increasing until and its average increase is also too Hight it has reached the heights of $10,000 few days before and it will still increase. If you invest for long time than you are sure to have profit from bitcoin as everyone else have got form it.

[chrisrok]

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.

its so easy = Value is determined by supply and demand... nothing else

[randal9]

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.

its so easy = Value is determined by supply and demand... nothing else

very good info...the cost is really determined by supply and demand...for this reason bitcoin has such a high price

[hiscall]

the real value is trust members ready to pay a lot of money all this make price increase/pump .

in future we will get huge numbers like 20,000$ to 100,000$

[saifanik]

The value of Bitcoin is increasing day by day.It is very expensive now.It already reached a huge amount of money.So,the value of Bitcoin is high now

[a4techer]

Right now the value of bitcoin was so amazing because the value was continuous increasing so it means many investor in every country was invisting their money here in bitcoin so that as we can see was growing up the value so for those who using bitcoin and ng here in bitcoin was happy and have a big income.

[vidprab5]

I don't agree with Adam Smith.
Bitcoin price is being determined by the free market, it worth what people are willing to pay for it.

The more the bitcoin price goes up, the more it becomes profitable to mine, which makes more miners to join the circulation, which increases the difficulty of mining a bitcoin, and makes it cost more to mine.

I think that the price of something is only related to how much people want it and are willing to pay for it.

Sigh, it seems like many people do not really quite understand bitcoin yet.  I do believe you are somewhat and then somewhat wrong on your statement.
There are many factors that determine the value of bitcoin, it can just be based off greed and what people are willing to pay for it.  You said that mining makes bitcoin more valuable which is true and that is just one factor of it.  The fact I believe that bitcoin is the first Digital or crypto currency to have a cap is one of the reasons why it holds so much value.  To point out Bitcoin can be used to make online purchases not just to store value.  These are only two factors that give it the value it is going to deserve.  There are many factors that are driving of bitcoin. Its not only based on what people are willing to pay for it.

Yeah mate you are right many people don’t know that bitcoin is basically a currency and was designed in place of cash money and now it has become investment, I don’t say that it is bad thing I am just saying don’t just store your investment into it use it as currency so that it can circulate across the world and who mankind will get benefits and btc is best because it can be used in dual mode so it’s your will to use.

[hase0278]

Yeah mate you are right many people don’t know that bitcoin is basically a currency and was designed in place of cash money and now it has become investment, I don’t say that it is bad thing I am just saying don’t just store your investment into it use it as currency so that it can circulate across the world and who mankind will get benefits and btc is best because it can be used in dual mode so it’s your will to use.

Well said but no one can get others use bitcoin as a currency if they don't want to so it's value nowadays are only determined by mere speculation alone. Look at it now, people see it as an asset rather as a currency and that dual mode you are talking about will not be achieved it unless people, specially those who are relatively new and is only using it for a year starts to look at it at as different way. bitcoin is meant to be used as a currency in the first place and they must use it like what it is intended to for it to gain value from pure demand alone.

[biboy]

Right now the value of bitcoin was so amazing because the value was continuous increasing so it means many investor in every country was invisting their money here in bitcoin so that as we can see was growing up the value so for those who using bitcoin and ng here in bitcoin was happy and have a big income.

That is right, it simply means that bitcoin is truly a world wide worth investing, we are now in a world that needs investment because to live now is too costly so bitcoin is truly a great help for all of us, bitcoin is not just a typical crypto because it changes the life of many people that is why a lot is valuing bitcoin just like how they value their properties.

[lablab03]

the real value is trust members ready to pay a lot of money all this make price increase/pump .

in future we will get huge numbers like 20,000$ to 100,000$

maybe yes cause we all know bitcoin value depends on  a bunch of people who became interested To invest Their money through bitcoin . which is they risk their money to gain more profit and also because of theIr trust and positive predictions that maybe bitcoin will surge. Perhaps thats is the reason  why bitcoin Value still growing  Maybe it will bullish until Christmas.