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8904562 No.8904562 [Reply] [Original]

>BTC's fundamental value is around ~$2500
Why aren't you shorting, anon?

https://arxiv.org/pdf/1803.05663v1.pdf

>> No.8904587

>>8904562

# of addresses does not equal # of users

>> No.8904591

>>8904562
>Fundamental value
But value is subjective, anon
>t. Austrian

>> No.8904604

>>8904587
# of addresses is an upper bound on # of users. The reality is that there are far less users than addresses. So the TRUE fundamental value of BTC is way below $2500. 2spooky

>> No.8904682

the REAL value is 0

>> No.8904794

>>8904562
I'd also like to know just why BTC price is holding/creeping up in the days after the mega-pump while the trading volume is falling drastically.

>> No.8904893
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8904893

>>8904794
General Rules in Volume Analysis
>Volume: Decreasing
>Price: Increasing
>Interpretation: Bearish

See you guys next month at $2k BTC.

>> No.8904945

>>8904562
Maybe the real value are... nah, who am I kidding.

>> No.8905017
File: 324 KB, 1600x1250, BITCOIN_MONEY.jpg [View same] [iqdb] [saucenao] [google]
8905017

>>8904562
>fundamental value
https://pastebin.com/ZUxTmR99
AT THE PRICE OF 10,000,000 USD FOR 1 BITCOIN IT ALREADY CAN REPLACE DOLLARS

>> No.8905051

>>8904604
exchanges store the coins of many users in a single address

>> No.8905182

>>8905051
A user who exclusively buys/sells on one exchange without ever hitting the network is a speculator, and hence doesn't contribute to the fundamentals of the network and should not be counted. Exchanges receive user coins to unique deposit addresses though - these addresses are trackable and thus inbound exchange users are counted in this manner. If you've ever sent coins to an exchange, you trivially count as a user of the network, so the upper bound is preserved.

>> No.8905210

>>8904893
That would be awesome actually. I'd love 6 months+ to accumulate at rock bottom prices.

>> No.8905234

>>8904604
You got that the wrong way round, if they overestimate the number of users by some factor, the underestimate the fundamental value by the same factor.

>> No.8905240

>>8904562
>applying metcalfe's law to money
anon, you fucking mouth-breather, The only way to ``value`` money is through the theory of the velocity of money which is near impossible to do

>> No.8905258

>>8904562
b/c hodlers win at the end faggot. why aren't you buying more.

>> No.8905267

>>8904682
The value of crypto comes from the energy that it consumes.

>> No.8905270

>>8904562
>Fundamental value

The fundamental value of most of these shitcoins are 0

>> No.8905272
File: 66 KB, 720x707, 1523136514508.jpg [View same] [iqdb] [saucenao] [google]
8905272

>>8904562
>2500
That number doesn't fit my bias.
https://twitter.com/parabolictrav/status/969285451528859648

>> No.8905285

>>8905267
oh my fuck... no...
the energy it consumes is directly correlated to the price - it's the other way around

>the absolute state of biz

>> No.8905293
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8905293

>>8904604

>> No.8905302

>>8904562
If you've been in crypto for longer than 10 minutes you'd know fundamentals mean jack shit.

>> No.8905384
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8905384

>>8905267

>> No.8906317

>>8905182
how many normans bought on coinbase and keep their coins on coinbase without creating a separate wallet/address

im sorry your short got liquidated dumbfuck

>> No.8906490

btc value is what people are willing to pay for it

>> No.8906577

>>8904562
Comparing market cap to number of users would only make sense if the invested amount would remain constant over time.

I doubt that before 2017 many people put tens of thousands into bitcoin.

>> No.8906980

>>8906577
They are using Metcalfe's law to estimate a fundamental value for Bitcoin using Metcalfe's law:

>a single fax machine is useless, but the value of every fax machine increases with the total number of fax machines in the network, because the total number of people with whom each user may send and receive documents increases.

This law explains many of the things commonly described as "network effects", and it applies very strongly to Bitcoin. The more ways to spend/earn/use Bitcoin, the more valuable Bitcoin becomes.

>> No.8907443

>>8904562
>still trying to spread fud

Game over bears.

>> No.8907449

>>8904794

Propfinex

>> No.8908387

>>8905051
>implying hot wallets = cold wallets

>> No.8909086

>>8904562
>BTC's fundamental value
https://pastebin.com/ZUxTmR99
AT THE PRICE OF 10,000,000 USD FOR 1 BITCOIN IT ALREADY CAN REPLACE DOLLARS

>> No.8909140

The paper linked is the greatest piece ever written for estimating Bitcoins value. Yet all you brainlets are ignoring it because of a recent minor pump. See you idiots at $2500 and $4k EOY.

>> No.8909248

This doesn't count that BTC is a gateway for shitcoin speculation. It's main use case.

>> No.8909406

who said I wasnt short?

>> No.8909493
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8909493

>>8905285
he is right. you need to think deeper.