Quote from: levvv on October 05, 2018, 03:52:28 AM

Quote from: RemarkJohn on June 14, 2018, 03:34:52 AM

In December the price of Bitcoin was near $20,000. Today, the price hovers around $6,500.

Which is the real value? Do you think the market is telling us the Truth?

We must understand that the launch of the CME's Bitcoin futures contracts and subsequent rise and fall of Bitcoin was not a coincidence.

The implementation of futures contracts on gold and silver have had similar effects. One needs to only wonder why was the launch of gold futures contracts was implemented at the same time the Gold Reserve Act was completely repealed. Americans were allowed to own gold again on January 1, 1975. Comex gold futures launched in December of 1974.

https://www.sunshineprofits.com/gold-silver/dictionary/comex-gold/

*Also, a Wikileaks document shows direct intent to suppress the price of gold:

https://wikileaks.org/plusd/cables/1974LONDON16154_b.html

I would beg any who are interested or invested in cryptocurrency to please do more research on the topic of price manipulation - you should come to the realization that the price in fiat of these assets does not matter, simply because it is inaccurate.

If you understand the banking system in the U.S. and understand that Gold, Silver and Bitcoin have true, intrinsic and persisting value you will understand the motive and that without question these assets are manipulated.

What is the true price of Bitcoin? $20,000? $6,500? I do not know.

What I do know is that it is worth more than the intrinsically worthless U.S. dollar we force ourselves to use on a daily basis, so I will be buying as much as I can while the price is this low.

I believe the price of a Bitcoin is much higher than $20,000 - but we may be in for a long while of manipulation before we see it again.

The best we can do is to buy as much as we can to make it as difficult as possible for the price to be suppressed. Once they lose control.....to quote all the Redditors and memes - "Then Moon."

You cannot define bitcoin value. Everyone can define with different values, even you can say the true value of bitcoin is $400 in 2015.
Bitcoin value is not static, but it is always dynamic, same as other cryptocurrencies. But recently, the bitcoin price is more stable than other altcoins in the market.

I think bitcoin doesn't have a "value" in price. I think it has a banter purposes value. Which means if we compare the price of bitcoin to the price of dollar than we are not going to get a true value of bitcoin. Since bitcoin gains value over years with lack of resources (limited to 21 million max) we are not going to get anything of value when dollar is losing value every year (inflation).

So if dollar keeps dropping in value and bitcoin getting more valuable, we can't say how much bitcoin should worth in dollar. However I can say that bitcoin should be really valuable compared to things you buy, for example just couple satoshi for a cup of coffee sounds reasonable.