moseich (OP)
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December 28, 2018, 10:13:47 AM |
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Calculate the real value of Bitcoin is not so difficult. Take the actual data for open countries. The volume of money supply M1, M2, M3. The number of outlets that serve this currency. And we enter the capitalization of the currency as a whole. Statistical data and calculation algorithm with links to sources, described in a separate article https://medium.com/@igormoseich/cost-of-the-bitcoin-a2d5d360a8bfToday I am getting economically - the reasonable price of one Bitcoin is 10347 dollars. Everything else is from speculators. And definitely, the rate of Bitcoin will grow over time. The only thing that I did not take into account in my calculations is the correction coefficient for restricting the circulation of Bitcoin, which unfortunately operates in many countries. |
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satosibtc1000
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December 28, 2018, 11:29:47 AM |
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A good price for bitcoin but I think that it will not stay at this point. I don't think bitcoin will ever be stable. Perhaps it is the instability attracts people.
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franky1
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December 28, 2018, 12:05:02 PM |
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"outlets" pfft
more easily if comparing bitcoin to gold
187,000 tonnes of gold vs 17.5mill btc currently existing /mined
1btc = 187,000 tonnes / 17.5m btc
1btc= 0.0106857142857143 tonnes
1btc= 0.0106857142857143 tonnes * 32150.7 troy ounces
1btc= 343.5531942857147 ounces *$1278
1btc= $439,060.98
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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moseich (OP)
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December 28, 2018, 01:23:50 PM |
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Why 187,000 tons?
In my case, bitcoin is provided by 4, 136 tons.
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kurcalas
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December 28, 2018, 01:23:56 PM |
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Calculate the real value of Bitcoin is not so difficult. Take the actual data for open countries. The volume of money supply M1, M2, M3. The number of outlets that serve this currency. And we enter the capitalization of the currency as a whole. Statistical data and calculation algorithm with links to sources, described in a separate article https://medium.com/@igormoseich/cost-of-the-bitcoin-a2d5d360a8bfToday I am getting economically - the reasonable price of one Bitcoin is 10347 dollars. Everything else is from speculators. And definitely, the rate of Bitcoin will grow over time. The only thing that I did not take into account in my calculations is the correction coefficient for restricting the circulation of Bitcoin, which unfortunately operates in many countries. Your calculation is complicated. Bitcoin price is getting balance in cryptocurrency exchanges. And it is about 3500$ now. |
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kucritt
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December 28, 2018, 01:26:58 PM |
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at this point actually its not reach that price, but if the demand of bitcoin increasing more and more i think it will reach that price. and maybe that the price of bitcoin will reach all new high again in 2019
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Velkro
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December 28, 2018, 01:27:51 PM |
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Calculate the real value of Bitcoin is not so difficult.
Your calculations are so random to me. I think ways of calculating value of Bitcoin are endless and only one is correct or even none. Bitcoin is so valuable as people want it to be valuable. If people would understand Bitcoin better it would have even more value. |
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moseich (OP)
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December 28, 2018, 01:28:02 PM |
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With a small bitcoin capitalization. You can not be guided only by the exchange. Any fund with a trillion dollars can swing a bitcoin price. I tried to calculate the economically reasonable cost.
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If you don't tell the truth, then don't say anything
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KingScorpio
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December 28, 2018, 01:29:20 PM |
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"outlets" pfft
more easily if comparing bitcoin to gold
187,000 tonnes of gold vs 17.5mill btc currently existing /mined
1btc = 187,000 tonnes / 17.5m btc
1btc= 0.0106857142857143 tonnes
1btc= 0.0106857142857143 tonnes * 32150.7 troy ounces
1btc= 343.5531942857147 ounces *$1278
1btc= $439,060.98
so much fantasy and dreaming in this sect that seeks to achieve global enslavement to their "bitcoin" |
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kurcalas
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December 28, 2018, 01:29:58 PM |
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at this point actually its not reach that price, but if the demand of bitcoin increasing more and more i think it will reach that price. and maybe that the price of bitcoin will reach all new high again in 2019
It seems not possible to new ATH in next year. It may possible only end of 2019. But first 3 quarter it is not possible. It can rise quickly but never made 2x in a few days. It will rise week by week for new ATH. So I don't think that we can see new ATH next year. |
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ansarose1
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December 28, 2018, 01:30:27 PM |
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That price looks unbelievable right now, i think if the bitcoin comes back increasing then its the time to say that bitcoin has possibility of that price. Even in december of 2017, the most high peak price of bitcoin ranging $14000, that $10k plus still possible.
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Johnyz
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December 28, 2018, 01:34:36 PM |
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at this point actually its not reach that price, but if the demand of bitcoin increasing more and more i think it will reach that price. and maybe that the price of bitcoin will reach all new high again in 2019
The OP calculates the price of bitcoin base on the total supply and not base on what we see in the exchanges. This requires more effort to see the real value but at least we know that this market is really valuable. The value of bitcoin will continue to increase for sure, and in the future the demand will be much higher than the supply. |
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santiPOGI
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December 28, 2018, 01:39:53 PM |
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I do like the calculation and it is really good! though as the price in the market is so far away from that!
BTW! we can't calculate on anything in the market now, as BITCOIN is designed to have the price from the market which people declared the price.
It is on the demand and the supply in the market.
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ivannalog814
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December 28, 2018, 01:48:20 PM |
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I do like the calculation and it is really good! though as the price in the market is so far away from that!
BTW! we can't calculate on anything in the market now, as BITCOIN is designed to have the price from the market which people declared the price.
It is on the demand and the supply in the market.
Every year bitcoin mining becomes more and more difficult. In a little more than a year there will be a half of the award. And the demand for it will grow and hence the price as well. |
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nicko122
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December 28, 2018, 01:59:15 PM |
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Calculate the real value of Bitcoin is not so difficult. Take the actual data for open countries. The volume of money supply M1, M2, M3. The number of outlets that serve this currency. And we enter the capitalization of the currency as a whole. Statistical data and calculation algorithm with links to sources, described in a separate article https://medium.com/@igormoseich/cost-of-the-bitcoin-a2d5d360a8bfToday I am getting economically - the reasonable price of one Bitcoin is 10347 dollars. Everything else is from speculators. And definitely, the rate of Bitcoin will grow over time. The only thing that I did not take into account in my calculations is the correction coefficient for restricting the circulation of Bitcoin, which unfortunately operates in many countries. "Now we can go to Bitcoin. We take from Coinmap the number of outlets that accept Bitcoin (at the time of writing, there were 14,125 of them). The total bitcoin money supply as of December 23, 2018, is 17,436,737 BTC. Each outlet gives a capitalization of 10,316 ounces of gold, respectively. It turns out 14,125 points give a total bitcoin capitalization of 145,971,400 ounces of gold. We divide this amount by the number of bitcoins and we get one bitcoin equal to 8.37 ounces of gold. Or 10,347 dollars, respectively." An interesting bitcoin calculation, informative. |
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tenakha
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December 28, 2018, 02:24:41 PM |
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IMO Bitcoin's value should be calculated according to its mining value. So while any crop is evaluated, it is calculated with the required amount of mortars to be converted from raw to ready goods. So IMO the price of BTC should be calculated in this way.
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moseich (OP)
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AI is a fact
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December 28, 2018, 02:31:06 PM |
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IMO Bitcoin's value should be calculated according to its mining value. So while any crop is evaluated, it is calculated with the required amount of mortars to be converted from raw to ready goods. So IMO the price of BTC should be calculated in this way.
The calculation of the cost of production, on the basis of cost, correctly. But if your products have no demand, then these calculations can be thrown away. And if you just counted the cost and added your income, and buyers do not buy - you will go bankrupt. We try to calculate the economically reasonable cost. |
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kogozer714
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December 28, 2018, 02:46:08 PM |
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it might be a fantastic price for bitcoin but not for now, but hopefully bitcoin will reach a fantastic price for next year. and bitcoin will find the top point again.
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Slow death
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December 28, 2018, 10:30:15 PM |
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It seems not possible to new ATH in next year. It may possible only end of 2019. I'm not seeing many hopes of seeing the price surpass $ 10,000 next year, BAKKT still does not have regulators approval. A possible approval of some ETF bitcoin seems to be a mirage, so I think we'll end the next year with the $ 8000 maximum price I do like the calculation and it is really good! though as the price in the market is so far away from that! 1 BTC = $3 941,92 last year it reached $20,000 and today is struggling to stay in the $4000 |
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El duderino_
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BTC + Crossfit, living life.
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December 28, 2018, 10:36:13 PM |
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"outlets" pfft
more easily if comparing bitcoin to gold
187,000 tonnes of gold vs 17.5mill btc currently existing /mined
1btc = 187,000 tonnes / 17.5m btc
1btc= 0.0106857142857143 tonnes
1btc= 0.0106857142857143 tonnes * 32150.7 troy ounces
1btc= 343.5531942857147 ounces *$1278
1btc= $439,060.98
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XhomerX10 designed my nice avatar HATs!!!!! Thanks Bro
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