Great, finally a good discussion here.
1. I'm not saying that my approach of price calculation is the best approach. It was just an example.
2. I don't want to see the Bitcoin as an investment tool, an asset or Audi/lambo as suggested. Yeah the current situation is like this but the whole idea is not to HODL your bitcoins in a hope for the Moon or even Mars / well everyone does it, including me/ but to use them as a tool in the day life. I prefer to see it is a currency like the USD or EUR.
3.You won't buy dollars just to put them in a jar under your bed for a few years in a hope to rise their value. You gonna buy them because for example you are going to the US on vacation and you plan to spend them til the last cent.
In order this to happen to the Bitcoin too, the price has to be determined on another factor different than the ones we have today.
World of HODLers is devastating for the Bitcoin, I'm sure Satoshi won't be happy with it.
We are in the very beginning of the Crypto money and I hope that this dark period will be over soon.
Yeah I mentioned this in another post but there's a catch-22 when it comes to Bitcoin. In order for the price to go up it has to be used (spent) but when the price goes up it causes people to hold on to their Bitcoin so they can cash out for the "lambo" or whatever.
Unfortunately the original intention of Bitcoin (digital currency to disrupt the financial status quo) is going out the window with all the speculators and people who see a get-rich-quick scheme.
My hope is that one day the price will stabilize and when people see that it's not skyrocketing (or plummeting) they'll be inclined to using it more than they do now