The idea of supply and demand ok, but to me it seems more and more to be some kind of sophism more than anything. Look like some form of sollipism like i make the reality how i want it to be. But in reality you will rarely find some instance when this logic apply in real life. There is always a reasonable price to expect for something at a particular time. Then the price can vary following different factors etc but it's the thing i really fail to see with bitcoin. I mean whyt bitcoin worth 100x more now than 5 years ago ?
You are caught up in sophism yourself since you are confusing price with value.
Price can change at any time with irrelevant things. That doesn't change the value though. Value is still decided based on supply and demand, and there will be a reasonable value for everything at any time.
That's an odd thing to write because supply and demand are literally defined in terms of price (and quantity). I guess it would help to define "price" and "value" and explain the difference between them.
For me, they are basically the same, except that price is a objective aggregate measure of value, which itself is subjective. In other words, something may have a price, but its value to higher to some and lower to others.