How to value Bitcoin

[Specterx]

Regarding the thread's topic question... I think it should be narrowed to say "where is long term fair value" ie where should the price settle once speculative froth comes out of the market.

The vast majority of BTCs long term fair value is IMO as a near-substitute for gold - essentially a more portable, but also much riskier version of gold. Right now BTC is valued at something like 8-10% of the total gold stock, and GBTCs assets are around 60% of GLDs.

While speculation could push BTC arbitrarily high in the short term, the current price strikes me as a maximum ceiling for LTFV - but it could just as easily be way back at 15-20k. The recent faltering of momentum looks bad for uber-bulls, especially given the lackluster response to the COIN IPO. I have the impression that big institutional money is just waiting for a bitcoin ETF launch to dump its holdings to public bagholders - but where is the sideline cash going to come in, who is left to buy?

 

[johnarb]

XRP can do that in under 4 seconds and for a fraction of the cost of BTC.
Why isn’t XRP worth multiples of BTC?

Not arguing. Asking a serious question as someone trying to learn wtf is going on in crypto

XRP and Ethereum with stablecoins can do that, too. Cryptos are the superior system. I don't talk bad about other cryptos

There are thousands of cryptos, but the whole system is a difficult concept and bitcoin is the easiest one to understand since it's the first one

Market determines the value of each project. Perhaps in the future, Ethereum may be worth more than btc when Eth 2.0 is out, we shall see

 

[johnarb]

For those who may not otherwise know me, when I say “Grin”, it means I’m being mischievous!

Actually, I am long RIOT on a short term reversion to mean play, so my position should benefit if Bitcoin rises. Bitcoin is not too far from a reversion to mean setup itself. Although I don’t believe Bitcoin price can really take another major country banning it right now.

I don't follow the bitcoin mining companies much, but I would prefer MARA more than RIOT for the simple fact that MARA is utilizing cheap money to their advantage

MARA is issuing debt and keeping bitcoins on their treasury. Maybe RIOT does that, too, that is a good way to exploit cheap money

 

[johnarb]

The blind leading the blind? How could you possibly advise someone? You participate in an open forum but the only thing you conduct is blatant free shilling. Perhaps you should be forced by @Baron to become a paid advertiser.

You're a real clown

 

[Clubber Lang]

XRP and Ethereum with stablecoins can do that, too. Cryptos are the superior system. I don't talk bad about other cryptos

There are thousands of cryptos, but the whole system is a difficult concept and bitcoin is the easiest one to understand since it's the first one

Market determines the value of each project. Perhaps in the future, Ethereum may be worth more than btc when Eth 2.0 is out, we shall see

Thanks good luck

 

[johnarb]

Thanks good luck

Thank you, that's very kind of you. Good luck to you, too

 

[DiceAreCast]

You should buy more bitcoin, it's down a few notches.

You're a real clown

 

[johnarb]

You should by more bitcoin, it's down a few notches.

BWAHAHAHAHAHAHHAahahahhahahahahahhahah, you're going senile DiceAreCast, don't shit the bed !

#HaveFunStayingPoor DiceAreCast

 

[DiceAreCast]

Lamest response ever. You can do better

I will mock you going forward because you are such a puppet.

BWAHAHAHAHAHAHHAahahahhahahahahahhahah, you're going senile DiceAreCast, don't shit the bed !


View attachment 257421

#HaveFunStayingPoor DiceAreCast

 

[johnarb]

Lamest response ever. You can do better

I will mock you going forward because you are such a puppet.

BWAHAHAHAHAHAHAHahahahhahaha, you're such an idiot, you said it was down, but my picture shows it's up

fucking change your diapers, the smell is making you hallucinate