Post
Topic
Board Bitcoin Discussion
Re: Prove Bitcoin is not a bubble
by
fr4nkthetank
on 27/12/2017, 14:59:41 UTC

Given these facts, you Bitcoin fans need to prove that the fundamental value is different from zero (or close to zero) - otherwise it is a by definition a bubble


No. Fundamental value of one bitcoin is equal to the cost of production of one BTC, approximately 800$ if i'm not saying bullshit.

More precisely, price depends of kWh price,
At $0.12 kWh a Bitcoin costs $1,567.88 to mine.
At $0.04 kWh a Bitcoin costs $522.62 to mine.

Cost is not the same as value. If it costs me 200$ to make a sandwich, nobody wants to pay 200$ for the sandwich

A bubble implies an artificial price that will deflate at some point due to market hype and hysteria.  Also fear of missing out.  Bitcoin *is* a bubble in the sense that we explode, then deflate.  Bitcoin always crashes.  Doesnt mean we wont be at 12 million per coin in 2072.