Forget all indicators , sentimental and fundamental discussion! Did any one calculate the theoretical value of BTC and identify its variance from the actual price?
values (note the s) is the features and benefits.
value(no s) is the financial number
anyway value, based on how i view it. and it has worked well for me over the years to view the value window which the bitcoin price sits within at any given time
network hashrate 203,000,000thash
hashrate/asic unit 140 thash
hardware cost/unit $11,620
asics running 1,450,000
hardware cost 2 year $16,849,000,000
hardware cost /block $160,467
hardware cost /coin $25,675
hardware kw/unit 3.01 kw
hardware kw network 4,364,500 kw
cheapest mine rate $0.04
cheapest mine power cost/hour $174,580.00
cheapest mine power/block $29,096.67
cheapest mine power/coin $4,655.47
lowest 'value' $30,330.13 (hardware+power cost /btc $25,675+$4,655.47)
expensive mine rate $0.38
expensive mine power cost/hour $1,658,510.00
expensive mine power/block $276,418.33
expensive mine power/coin $44,226.93
highest value $69,901.60 (hardware+power cost /btc 25,675+$44,226.93)
thus value window is between $30k-$70k
and no its not a coincidence that while hashrate has been in this range that the price has been bouncing between $30k-$70k