Forget all indicators , sentimental and fundamental discussion! Did any one calculate the theoretical value of BTC and identify its variance from the actual price?
Can this concept be used in other fields?
Lots of assets and stocks have grown over time as they increase their userbase and suooly grows. That's how investments work, you invest in something you feel has the potential to grow with time; as more people become aware and demand grows against supply.
Indicators are what you have to go by. And sentiments is imperative in a speculative market.
It has admittedly been a long time since I did an analysis of the network, but the last time I did I found a fair value assessment of around $4,000. Granted that was probably 6 years ago,
I'm curious to know what process was used to arrive at that value. Some believe the acrua value is a consequence of the cost of production, some others would argue that the value is in its utility. All these are speculations of course and I'm not convinced there's a reliable metric that can be used to valuate an asset like Bitcoin.