Bitcoin has no intrinsic value, the network does. Thats what everyone is missing altogether and or misrepresenting.

The networks value is derived from it's ability to send value across political and geographic borders, nearly instantly and dirt cheap, with minimum effort. Additionaly it enables this without the risks commonly found in traditional financial instruments and value stores. Risks like hyper-inflation, manipulation, ceisure or other meddling by governments or institutions for whatever reason.

The ability to move value is enormously valuable. The value of a secure medium of exchange can be seen in how the use of coin money transformed mankind's concept and use of trade. The value in mobility can be seen in paper money's quick and ubiquitous integration into the human world. The value of easy access can be seen in the way "modern" civilization made credit cards an acceptable form of payment worldwide in mere decades.

Coin assured the value being exchanged was recieved.

Paper money had mobility at the cost of assured value.

Credit Cards added access and dramatically increased security while but have all the risk with significantly less assurance then Paper.

The Bitcoin network has all of the assurance and all of the mobility and enables totall access. Bitcoin is the ONLY unit of exchange that will ever be available for use on the bitcoin network,which is what ensures its value.

A higher price makes larger value easier to exchange.

The price of bitcoin only adds to the VALUE to bitcoin, as it makes its utility greater then before.

This bubble is inside out.

Maybe I am wrong, but this is obvious stuff people.

Why so much confusion!?

Why so much doubt?

Bitcoin is dirt cheap, and slightly less useful today. But that is only because of fear. Fear the fear. Not the coin.