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File: 403 KB, 3056x2188, bitfinex-btcusd-Apr-05-2018-13-17-45.png [View same] [iqdb] [saucenao] [google]
8762162 No.8762162 [Reply] [Original]

All memes, shilling, and fud aside, how much is BTC actually worth?

>> No.8762173

>>8762162
whatever a purchaser will pay for it

>> No.8762179

>>8762162
0

>> No.8762191

Like 250 usd at most

>> No.8762205

>>8762162
Uhhh about $6680 US, roughly.

>> No.8762245

The intrinsic value is 0

>> No.8762257

Whatever the cost to mine one is.

>> No.8762265

about tree fiddy

>> No.8762268

>>8762257
How much is that?

>> No.8762300

>>8762257
Cost me about 5 bucks for enough food to drop an epic deuce. Wanna buy a bag of my shit?

>> No.8762307

>>8762257
literally the only person with a brain in this thread

>> No.8762316

>>8762268
Depends, where do you live?
You will need to calculate energy costs, plus equipment, plus storage, plus cost of opportunity (what else you could be doing with that money during the time required to mine the coins), then you will know what your "minimum" is.

>> No.8762325

>>8762162
whatever it's worth

>> No.8762348

>>8762316
And that is why anyone who understood BTC sold before the bubble popped.
And also, that is why BTC can not truly "moon" until the last coin has been mined - the power of speculation will constantly be held in check by reality.

>> No.8762384

It has no earning statement, doesn't provide some sort of service, doesn't have some sort of tied tangible asset, so in this case whatever someone is willing to pay for it ($0 actual worth)

>> No.8762428

Value in dollar is irrelative, because dollar is on it's way out. Lets say it this way: one bitcoin will be enough for a lifetime of expenses including a house, an education, a family.

>> No.8762445

>>8762428
Whatever you say Chang your woolung fun money is about to drop

>> No.8762448

>>8762257
Unironically this

>> No.8762499

right now its about 6.7k, in 3 years, 3.6 million. cap this

>> No.8762502
File: 42 KB, 1555x311, YourFuture.png [View same] [iqdb] [saucenao] [google]
8762502

Daily reminder.

>> No.8762512

>>8762162
HOW MUCH DOES IT COST TO MINE ONE(1) BITCOIN RIGHT NOW?

That is the current intrinsic price what the fuck is it

>> No.8762547
File: 664 KB, 1200x1946, 030618.jpg [View same] [iqdb] [saucenao] [google]
8762547

>>8762512

>> No.8762556

>>8762547
(Plus mining rig cost).

>> No.8762559

>>8762162
Whatever people pay for it.

>> No.8762562
File: 2.60 MB, 1027x9999, worlds money.jpg [View same] [iqdb] [saucenao] [google]
8762562

>>8762348
There's simply too much fiat sitting in dumb shit out there, the money will come, and will stay, creating new higher bottoms irrespective of how insanely high bubble peaks are allocated. You don't need to wait for 2140 to see $100,000 as a bottom. Anyone with enough money to matter is going to want to held their wealth in their capital B blockchain as tax havens disappear.

>> No.8762565

>>8762257
>>8762307
>>8762448
>An item's worth is equal to whatever it costs to produce
>Other anons actually agree with this sentiment
Can the December-January crypto-kiddies just fucking leave already? You don't even understand your own market

>> No.8762592

>8762316
>8762348
>8762257
>8762300
>8762448
>8762512


hey brainlets, why is gold worth more than the cost of mining it?

>> No.8762611

My estimate of long term Bitcoin price is ~$170

>> No.8762632

>>8762557
Because mining gold is fucking hard and impossible to do in certain countries, while bitcoin is FUCKING OPENSOURCE and anyone can get their operation started.

>>8762562
I am not saying that 1-2 months hype are impossible, but those will always be followed by a massive correction.
In one month a 18 years old who only knows the basics about computers can get a BTC mining operation started in a developed country, no one that wants to hold that shit is going to buy it at 4x mining cost when they can just mine it.

>> No.8762644
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8762644

>>8762611

>> No.8762707

>>8762632
The fair amount for BTC is gold's marketcap, since BTC is a better store of value than gold. Bottom is on the trillions, forget about this 1:1 of production cost ratio to determine the correct price or you may go insane when you see the price enter 6 figures and stay within the realm somewhere in the next decade.

>> No.8762714
File: 125 KB, 866x1200, r (1781).jpg [View same] [iqdb] [saucenao] [google]
8762714

>>8762162

500 - 1k

I'm serious

Bitcoin Cash on other hand is worth 10k

Monero 10k too

>> No.8762719

>>8762632
There's the issue of ASIC manufacturing supply limits though. Most miners are selling for at least double their retail price right now and have been for a while.

>> No.8762735

>>8762257
That's not how supply and demand works anon.

>> No.8762738

>>8762632
>Because mining gold is fucking hard and impossible to do in certain countries, while bitcoin is FUCKING OPENSOURCE and anyone can get their operation started.
Why is spinach worth more than the cost of producing it? Why is literally everything with a demand worth more than it costs to produce it?

>> No.8762836

>>8762565
This is not something that requires a real education and skills to create - all that you need is some basic resources available worldwide.
BTC will be more expensive in some places, which is why buying will be better than mining, and you might want to gamble during the bubble, but as long as BTC is mined, you can figure a fair price for the coin, based on what it will be personally cost you to get one.
If you can not understand that, I am afraid that you are doomed to be poor.

>>8762707
I am sorry, but you are stupid.
You are pretending that BTC will be the "world coin", "universal reserve of value", and shit like that - which you can not know.
What I am simply pointing is that, if you want to get into that gamble, it is very easy to find how much you should be paying for each coin.

>>8762719
That is true, which is why I said that you had to figure out the hardware cost.

>>8762735
You can not treat BTC as Louis Vuitton
handbags.

>>8762738
>he is too dumb to realize that all that you need to get into the BTC market is money
A real brainlet, heh?

>> No.8762955

Most accurate, and probably least helpful answer: One bitcoin=one bitcoin

>> No.8763353
File: 582 KB, 2448x1836, Digital Gold.jpg [View same] [iqdb] [saucenao] [google]
8763353

>>8762836
No, you are the dumb fuck implying Bitcoin is worth "how much it costs to mine one".

Bitcoin is already the world reserve currency. What you are seeing is USD deprecate against it, and generally cope about the fact. There will be no "Bitcoin 2.0". What Bitcoin solved happens every XXX years, similar to solving a complex mathematical conjecture. A new iteration that renders Bitcoin completely useless would need to be better in ways which are delusional to happen within our lifetimes, which is why anyone with a brain knows altcoins are scams.

Even if a theoretical design arised, it would still be an huge gamble to move your funds to a "theoretical better-than-bitcoin design" when they are sitting nicely in the most secure blockchain on earth that has kept safe massive amounts of money for years. No other coin can deliver this certainty (keyword: certainty, aka what anyone with enough money to matter will look at as #1 priority to allocate their wealth at long term) . Sorry, no altcoin is going to be the world reserve currency, and sorry, your fiatola is a failed clusterfuck already. How you cope about these facts are your own problem.

>> No.8763375

>>8762162
6789 $ retard

>> No.8763391

>>8762162

No one knows. That's why the market fluctuates wildly, people are trying to answer that question. On our parabolic run up we didn't test a lot of the prices in between. BTC is doing that as we speak.

>> No.8763506

>>8763353
what book?

>> No.8763539
File: 420 KB, 379x399, trips.png [View same] [iqdb] [saucenao] [google]
8763539

pic related, digits confirm

>> No.8763635

>>8762162
$6800. Prices are determined by the current balance of demand and supply.

>> No.8764124
File: 658 KB, 2448x1836, Predatory Taxation.jpg [View same] [iqdb] [saucenao] [google]
8764124

>>8763506
The Sovereign Individual, a book from 1997. It's funny how all these crypto summerfags don't understand how Bitcoin has been something thath as been dreamed with for ages, and now they pretend "soon we'll see X shitcoin replace it".

>> No.8764160

It's worth one John McAfee dick

>> No.8764206

I think it is actually worth sub 1000 unironically. If it could stay there to organically grow and adopt use we would be in great shape. As it stands now we are at the mercy of idiots who accidentally got rich on a bubble wash trading and spoofing with no legal ramifications.

>> No.8764227

>>8762162
>how much is BTC actually worth?

5-100 dollars maybe because of the legacy systems that accept it, number of exchanges etc. Aside rom that less than a dollar as the network and fees are shit

>> No.8764253

>>8764124
Read the page. Faxes are now obsolete. So's bitcoin. You are welcome.

>> No.8764305

>>8763353
But ETH almost took Bitcoin rank #1

>> No.8764409
File: 64 KB, 1817x370, 1520143516934.png [View same] [iqdb] [saucenao] [google]
8764409

>>8762257
i am intrigued by this

>> No.8764450

>>8764206
Sorry you missed that boat, your not an early adopter!

>> No.8764485
File: 53 KB, 645x729, brain.png [View same] [iqdb] [saucenao] [google]
8764485

>>8764253
>X is obsolete, bitcoin is obsolete

>> No.8764602

>>8762836
>Whatever the cost to mine one is.
>If you can not understand that, I am afraid that you are doomed to be poor.

No U. Think about what you're saying.

>> No.8764842

>>8763353
This is the best post I've read on this board in years

>> No.8765117

>>8764124
i thought so, i own that book actually i just never read entirely through it yet. someone on here recommended it in a thread many months ago so i bought it, maybe it was you

>> No.8765135

>>8762162
what are you seeing now its whats worth dumby linky stinky motherfuckinky

thats what markets are about, pulling out value to our shitty things.

>> No.8765192

>>8762300
Terrible analogy. You’ve already converted all the nutrients and moisture out of the food by that point.

>> No.8765298

>>8763353
delusional and unironically lacking any arguments

>> No.8765321

>>8762559
How has no one else said this lmao?

>> No.8765399

>>8762307
>>Whatever the cost to mine one is
>literally the only person with a brain in this thread
you are both retards then