Quote from: carodupuis on July 04, 2019, 10:09:25 AM

Quote from: Jansenist on May 22, 2019, 03:06:50 PM

First and foremost since the bitcoin price tend to follow a quite snappy dynamic it is hard to really apprehend its real value. basically market cap is derived from the number of active user on the network multiplied by the bitcoin price. in the end bitcoin market cap always tend to be far above expert' expectation, but does it mean it is overvalued. it is understandable that bitcoin appears like it has availed from the hype it created throughout the internet communities, but i think that the hype is gone now since its creation and guess what bitcoin still follows the same pattern and cycle it used to, hinting that somehow it could benefit from this hype but is not driven by it alone.

Like any market, bitcoin price assess on supply and demand while buyer and seller determine the value. according to a recently read article on investopedia, expert follows the Metcalfe'law to determine the value of a network which suggest to square the number of network user, in that scheme expectation is far below the current market valuation, but where does bitcoin gain its real value?

in fact i think that bitcoin gain it value from itself and its features, this is a relatively unseen technology that suggest new ways to do things, basically it will benefits from continious boost that will allow it to follow a certain pattern and eventually this will stop being called hype.

https://www.investopedia.com/news/bitcoin-overvalued-researchers-say/

Bitcoin is an digital asset and there is nothing like the real value, the value is only based on the rate of demand and supply as the demand goes up the value will increase. Its not a currency, if it was currency we would have said that the value is worth what it is just like $1 is $1 but the purchase either increase or decrease And that depends on some certain factors which will determine where its really heading to. So Bitcoin value is whatever you are seeing now.

I dont know why people are worrying too much or trying to compare things up about value.We are indeed seeing basing on the current demand.It may not be a
currency but this one is really valuable due to its innovative tech benefits that it gives when it comes to payment system and thats the main reason why its being
supported.Real value would always matter on the community that do supports behind it.