Post
Topic
Board Economics
Re: Fundamental Analysis of BTC, is BTC overvalued?
by
smooth
on 26/05/2011, 04:54:50 UTC
A price at 32 times the cost is pure speculation pure and simple.

Well, sure.  The price of any liquid asset is based on a speculative assessment of its future value.  A less loaded word would be  "expectations." 

It's a bit like looking at a stock in terms of book value.  That's one measure of fundamental value.  But future earnings (or dividends) are another measure, and the two often diverge.