Looking at the current valuation of Bitcoin against the dollar, I know I'm not the only one to find Bitcoin to be overpriced given the size of its economy.
Overpriced? Compared to what?
So what is the "correctly priced" value of Bitcoin? Ball park? $0.1 ? $0.01 ? $0.001 ?
And why?
No matter which of these numbers you choose, aren't all of them somewhat arbitrary?
Currently, the value of Bitcoin is too low to make it a useful currency to buy just ONE house or apartment (approx. $200- $1000 k). The entire Bitcoin economy is worth as much as a handful of houses. That is still miniscule, given the fact that we probably have thousands of users.
So the price seems about right to me.