Post
Topic
Board Economics
Re: What is the real value of bitcoin and cryptocurrency
by
wuvdoll
on 03/06/2019, 09:20:29 UTC
I think we can calculate it depending on the marketcap plus the orders, I mean if the price is around 9 thousand dollars right now and there are more buyers than sellers it means it will go higher so 9 thousand and more is a good value to give. I don't really know how to calculate somethings value unless I am given the cost of that, like if you want to give value to something like a phone what do you do?

You calculate all the materials and their costs, you calculate manufacturing and you calculate shipping, those are about the all things that is required and you make a ton of phones so you divide all costs to phones and you get one phones value, whatever the company puts on top of it is their branding and profits nothing else. Does bitcoin have something like that? Maybe miners could tell us what bitcoin worth? I am not entirely sure.