What do you Think the True Value of Bitcoin Is?

[Carlos Hailey]

 Simply put, Bitcoins hold value because they can be used as money. Just like any other currency, Bitcoin value is greatly influenced by who uses the currency, how many users are using the currency, and how much of the specific currency is in circulation.
 But unlike traditional fiat currencies, Bitcoins are not susceptible to the value of gold or silver, or authorities who decide how much money to print. Bitcoins are a product of pure mathematics and raw algorithmic calculations, and are only influenced by the amount of trust that its users put into the currency and how well it adapts to being used worldwide.
 The merchants, business startups, and users determine the value of Bitcoin by choosing to use Bitcoin over other currencies. Simply put, the more people who choose to use Bitcoin as a form of payment, the greater the value of each Bitcoin will be.

[Edward Wilkins]

Anything can have value as long as we assign value to it. We decided to use money as a medium of exchange instead of barter system because it was much simpler, you have cash, you buy anything you want, to get cash you sell something.

Anyone can make a cryptocurrency, in fact it takes about 10 minutes to create a cryptocurrency, simply fork the source code, rename, put the blockchain out there and start mining. Why then do some cryptocurrencies get value and others die? Its because we decide to put value to some and not others. If people stop using bitcoin today, it will definitely go down to zero. Its because many people have agreed to use bitcoin as a medium of exchange that’s why it has value, the more people use it the more value it has.

[cruz06]

 the true value of bitcoin cannot identify easily, because it has constant changing.  maybe this month is to low but in the next 5 months it will rise again. it is like business,  its always going up or giing down.  its a matter of time and costumers or users.

[Blackhammer321]

Bitcoin is volatile in nature,price rapidly changed because of some factors affecting on it specially the demand and supply. But the True Value of bitcoin is not just base on the equivalent amount of it in dollar or fiat currency. The true value of bitcoin can be seen in it's usefulness as a digital currency in terms of investment and payments for goods and services.

Very well said. The value really depends on its function, becuase we are assuming that the value of bitcoin is somewhat related with fiat currency which may seems that tge capability of bitcoin was compared to fiat currency. And as a matter of fact other currency also depends its value on how it functions, and the bitcoin is like that too, as people continues using it is useful. To sum it up, as long as bitcoin satisfies people it is ba valuable.

[ethereumhunter]

I think no one will know how much the real value of bitcoin because bitcoin price until now still changing from the lower price to the higher price. the price of bitcoin will always change in the future and maybe it will not only just $6000 or more but it will change for more than just $10k price per 1 bitcoin. but the real value of bitcoin will be too expensive in the future because bitcoin itself still grows. but we can calculate how much the price will reach if suddenly the price is up or down and all information from franky1 is made sense.

[khaled0111]

None of therm is the real value of BTC.
The real value of BTC is more higher than that.
We have 21 million Bitcoins and those 21 million must cover all the market demand, Bitcoin must replace FIAT  currency and if we know thatt the total circulating Dollars is more than 14500 billion$ you can do the Math!

[miniyou]

Price manipulation is depends on supply and demand of bitcoin if we think about true value of bitcoin then this currency is not for only trading but when this currency will be accepted by governments,merchants and peoples start to use as like other fiat currency in their regular life then it's value will be much more. bitcoin is digital and virtual currency so peoples can use easily.

[Cody Blare]

Bitcoin as a Gateway. The crypto currency space have transformed to a crowdfunding market. Essentially the baby of VC and digital startups. So those interested in the idea of certain coin’s usage and aspirations, would have to buy bitcoin to trade/invest in the coin or company.
Bitcoin to avoid tax or money laundering. There are corrupted money in China that needs to find a channel out and maybe into US. One of the option is bitcoin.
Bitcoin as a store of value. The birth of Bitcoin in 2009 is caused by the distrust in banks and current financial system. Some might consider it as digital gold and simply believe it will overthrow fiat oneday.

[Carlos Hailey]

To understand why anything is worth something, you need to see what it is used for. Kim Kardashian is only worth millions because the media have use for her. Rubbish is worth a billion dollar industry because it can be recycled and someone needs it to be disposed of.

Bitcoin maynot have too much uses, but because there is trust as the pioneer of cryptocurrencies and the gateway to the other alternate coins, there is value in it. Blockchain and the new digital currencies have actual value in making our daily lives better. So, people like me buys bitcoin.

[AriannaSantosUU]

Its true value is truly unique of its kind. It constantly changes depending on the supply and demand. There is no set of consistent amount with little changes unlike fiat money does.

[ajqjjj]

True value of Bitcoin is infinite because no one is said when it will be stable in market. But only one possibilities are find the true of Bitcoin i.e Maximum supply of Bitcoin is 21million so once reach in this level many of them predict the true value of this coin. But it take more than 5 years or 10 years.

[Kakmakr]

What is the true value of one of the top priced PokeMon cards? Is it the +/- $1 manufacturing cost or the $100 000 price, someone is willing to pay for it? Can we measure the cost of a bitcoin? Yea, some people use the cost of the energy that are used to mine it, but not all coins will then surely be equal, because a coin mined back in 2009, will then be less valuable than a coin mined in 2018.

We use the price, based on the demand and that is what someone is willing to pay for it. Currently it is +/- $7000 per coin. 

[havok1998]

The value of bitcoin is what people around the globe are ready to pay for it. Its just like any other asset. The value of Gold and Shares is decided by demand, supply and what amount people are ready to pay for it. same is with Bitcoin, its value is also decided by demand and supply. the only difference is that BTC is digital money and other assets are real.

[Msworld83]

Bitcoin real value can't be determine any how , what ever it's stay at anytime is the value and is prone to adoption and market also say a lot about it , reaction of user to the Bitcoin also says a lot about it and has tell the price that will be generally accepted

[Impros88]

That is why many people come to the cryptographic market, who do not know much about encryption world and blockchain technology. Like any other market, even in the crypto market, bitcoin prices depend on the demand and supply for bitcoin. The value of Bitcoin is dependent on demand, so it is reasonable to expect Bitcoin to be a good price. Therefore, bitcoin needs a new breakthrough to attract new investors to enhance the value of bitcoin.

Very good explanation about the price of Bitcoin. Many people think that the price is created from the air but it isn't true. In the future, a price will grow up of Bitcoin popularity.

[Khalp1]

In December the price of Bitcoin was near $20,000. Today, the price hovers around $6,500.

Which is the real value? Do you think the market is telling us the Truth?

We must understand that the launch of the CME's Bitcoin futures contracts and subsequent rise and fall of Bitcoin was not a coincidence.

The implementation of futures contracts on gold and silver have had similar effects. One needs to only wonder why was the launch of gold futures contracts was implemented at the same time the Gold Reserve Act was completely repealed. Americans were allowed to own gold again on January 1, 1975. Comex gold futures launched in December of 1974.

https://www.sunshineprofits.com/gold-silver/dictionary/comex-gold/

*Also, a Wikileaks document shows direct intent to suppress the price of gold:

https://wikileaks.org/plusd/cables/1974LONDON16154_b.html

I would beg any who are interested or invested in cryptocurrency to please do more research on the topic of price manipulation - you should come to the realization that the price in fiat of these assets does not matter, simply because it is inaccurate.

If you understand the banking system in the U.S. and understand that Gold, Silver and Bitcoin have true, intrinsic and persisting value you will understand the motive and that without question these assets are manipulated.

What is the true price of Bitcoin? $20,000? $6,500? I do not know.

What I do know is that it is worth more than the intrinsically worthless U.S. dollar we force ourselves to use on a daily basis, so I will be buying as much as I can while the price is this low.

I believe the price of a Bitcoin is much higher than $20,000 - but we may be in for a long while of manipulation before we see it again.

The best we can do is to buy as much as we can to make it as difficult as possible for the price to be suppressed. Once they lose control.....to quote all the Redditors and memes - "Then Moon."

I think Bitcoin has value as money, because it makes for very good money. It has grown in value because more people have recognised its usefulness as well as its fundamental integrity. and I highly recommend you look deeper into it beyond the trading, currency and hype if you want to know more about how technologies like these can help us build infrastructures for the world of tomorrow.

[brkttlv]

i thinh there is not a true value for bitcoin, bitcoin value depends on participant of crypto invetsors number and trust about the market. It's araoun 7800k dollars now but it migth be 20k tommorow or 2k (hope not) also. But if we consider the total supply of bitcoin it should be higher than now.

[airinnesmith26]

The true value is the current value bitcoin. As you said bitcoin is really volatile and changes really rapidly. its value really depend on the users, their interest. We are the ones who give bitcoin its value.

[korkor]

The true value of bitcoin can't be predicted or estimated. This is because bitcoin is gradually gaining the audience of the world population. The price of bitcoin will keep changing till the world fully recognises how bitcoin is going to make transaction of funds easier and faster.

[ntodntodan69]

What I think with the value of bitcoin at this time, I want its value continue to rise, do not go down steadily, in August this value up and down. I also do not know kedepanya bitcon will be like? but I hope the future continues to rise and better!