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Question: What would the _current_ price be based on _current_ economics if all speculators and hoarders were removed?
Above the current price (the current price is unnaturally depressed) - 13 (40.6%)
$450-$500 - 1 (3.1%)
$400-$450 - 0 (0%)
$300-$400 - 1 (3.1%)
$200-$300 - 0 (0%)
$100-$200 - 3 (9.4%)
$50-100 - 4 (12.5%)
$25-$50 - 4 (12.5%)
$12-$25 - 2 (6.3%)
Below $12 - 4 (12.5%)
Total Voters: 32

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Author Topic: Poll: what is the current actual fundamental value of bitcoin?  (Read 827 times)
TERA (OP)
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March 28, 2014, 11:36:10 PM
 #1

Most of us know that the majority of the bitcoin price (if not 90%) is caused be speculators, traders, and hoarders. What would be the actual price of bitcoin if exingent circumstances caused all these players to be removed? What is the price of bitcoin based on it's underlying economy? I understand that there is this 'trendline', but alas, the trendline itself is composed to speculative prices. If you would like, support you answer with mathetmatical figures regarding underlying businesses, the velocity of money, etc.
roslinpl
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March 28, 2014, 11:43:13 PM
 #2

Tera Smiley you should be more optimistic that's all what  I want to say Smiley

Perhaps you have some right. But ... too pesimistic for me.
porcupine87
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March 28, 2014, 11:50:31 PM
 #3

I would guess less then 12$ regarding to transaction to buy stuff. It is like what was the value of the internet in 1990. EDIT: What was the price of domains 1990 without speculation.

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
gentlemand
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March 28, 2014, 11:59:38 PM
 #4

If there weren't speculators and hoarders it would still be a curiosity being batted around the crypto mailing list.

Go and get some fresh air.
TERA (OP)
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March 29, 2014, 12:15:49 AM
 #5

Hey how do you know I'm being pessimistic? I couldv'e been one of the guys who voted for option 1  Tongue
sgbett
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March 29, 2014, 12:19:13 AM
 #6

Were you?

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
*my posts are not investment advice*
chessnut
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March 29, 2014, 12:24:26 AM
 #7

Well we know the fair value for its potential, a LOT.

we know the underlying economy is very small. I dont think it could be easily measured, its a drop in the ocean.

we know what it's worth if not for speculators (zero - it wouldnt have gotten off the ground if not for specuators)

although the underlying economy right now could not be sustained without the support of speculators so I say thats a bad question. It's subjective, simple.

bitcoins are worth $507 at time of typing - thats how much.

billyjoeallen
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March 29, 2014, 12:35:07 AM
 #8

TERA, bitcoins are valuable to YOU because you use them to get more bitcoins. And you're not the only one. Your trading account earns you thousands of dollars. Altcoins don't have the liquidity or market cap and stocks aren't volatile enough.


insert coin here:
Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s



1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
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