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For sure, I totally get that. I'm not saying there's no value, but I can't find out where people get specific numbers from (eg. 100k per bitcoin). Where does th

by jc_811 4y ago

For sure, I totally get that. I'm not saying there's no value, but I can't find out where people get specific numbers from (eg. 100k per bitcoin). Where does this 100k come from? Is it just pulled out of the air because it's higher than the current price? Is there any sort of formula, or step by step quantitative analysis, that is able to arrive at a fair market value? For example if bitcoin were being traded at 5k or 100k, everything you said in your examples would still be valid.

acchow 4y ago
$100k is not the final price. They are just saying $100k as a nice round psychological milestone on its way to the moon. Bitcoin market cap is $600bn today. Total value of all gold in the world is about 9.6tn. The crypto shills are trying to push the idea that Bitcoin can replace gold.
- AnimalMuppet 4y ago
  Wait, Bitcoin has 6% of the market cap of gold? That's really impressive. More than I expected Bitcoin to achieve, in fact.