Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Bitcoin's future is DOWN
by
exstasie
on 10/07/2018, 21:56:23 UTC
⭐ Merited by anunymint (1)
So I'll just watch.  I think BC clearly demonstrated its utility over the first 7-8 years, and that's at $400 or maybe $600.  All the harangue of the past 9 months will coast down back to that.

How could you begin to quantify its "utility" into a dollar amount? Things like "sound money" and "censorship resistance" don't equate to numbers.

More than that, what makes you think price could ever reach this baseline "true" value? This market has, since inception, been trying to speculatively value Bitcoin's future utility, not its present utility.