Noob question. Is there a way for one to somehow value this instrument for market vs intrinsic value.. Any ratio performance driver?Or something similar in a way to 3 financial statement forecasting model for equities or is TA the only way to ride?
Absolutely not. There is no intrinsic value at all, that is, no use value, or, you can not consume a bitcoin leading to its destruction, and at the same time gain something useful. *)
Said otherwise, bitcoin has only money value, and in this regard it is the same as paper money.
It is at the same time pure money, and sound money. This has never existed before in history.
The money value is by definition speculative, all actors at all times have to decide for themselves what value (real world, use value) it is possible to exchange the bitcoins for in the future, far or near.
*) I know, you can prove that you have destroyed bitcoins to prove something...