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I have no idea what variables you are using, or how you are reasoning that bitcoins somehow are 'cheap' at a certain price. Using the only scale we have availa
by SODaniel 14y ago
I have no idea what variables you are using, or how you are reasoning that bitcoins somehow are 'cheap' at a certain price.
Using the only scale we have available (history) $40+ per BTC is VASTLY overpriced considering the previous historical fair market value.
- kinghajj 14y agoWhat makes you confident that you know that the current price is "VASTLY" above the "fair market value?" I thought that markets determine fair market values--which is exactly what's happening at the exchanges.
- SODaniel 14y agoOf course, but with a young currency without a set 'backing' (Gold, merchandise etc) I am just saying that looking at historical valuation makes it seem like the massive value increase would speak for it being valued fairly high @ $40