Post
Topic
Board Bitcoin Discussion
Re: How to value bitcoin bitmap ordinals and what do you think about them?
by
Bulista
on 18/07/2023, 15:53:03 UTC
Bitmap ordinals can be hard to value, what concepts are you using to value them?


I don't think there really is a good way to determine the value something with such an arbitrary rarity. Ultimately, all satoshis are unique using ordinals, so they are all equally rare.

In the end, I don't think satoshis enumerated using Ordinals will hold any collectible value.

But, I am confused. You are using the perceived rarity of the satoshis to value them, so what do images associated with them have to do with it?


The way I see it, first bitmaps are a NFT limited to around 800k supply as of now. Compare that with the supply of bitcoin + the cap of all the metaverse projects out there and you see the potential. It is possible that the floor price for bitmaps will reach a high value. Also a bitmap with the number 999999 will have a higher value then a common number like 718291, so yes I think they can be valued by the rarity of their numbers. The points I listed in the main post are the ones I found that people are using, if you analyze the market data you see there is a tendency for rare numbers to be traded at a higher price.