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, 20:25:50 UTC
Objectively, based on utility, they have a value of zero. 

Subjectively, based on how someone feels about them, that's down to the individual.  But still zero for me, personally.

If what you're inscribing doesn't represent something tangible, it's probably worthless in my view.


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.

What the hell kind of math did they teach you in school?  Mathematically speaking, if you list every number in order, without repeats, then every number is equally common.  They will all appear once and once only.  '718291' won't appear more often than '999999'.  It's all just a lame attempt to sell junk to idiots. 

And who are you to decide if it has value or not? the market says it has value, that’s a fact. You talk as if the markets are mathematical (they are not, rather irrational).  People are valuing repeating numbers over normal numbers. In case you didn’t read properly what I said, I repeat: the data I presented in my posts are based on the results of the analysis of the market data. Bitmaps that fall on those categories that I listed are being traded at higher prices than the floor price, some of them at $1000+ each. And not just listed for sale, actual trades.