What the fuck is the ACTUAL price of BTC?

by its very nature, its deflationary and will implode in the far future. until then, ride it to the top baby.

1 bitcoin = 1bitcoin

Just like 1 ounce of gold = 1 ounce of gold.

The only price that matters is the bitcoin/gold ratio

i have to admit, the chart since sept 2017 that you posted looks schizophrenic as fuck. however, not nearly as schizophrenic as the oil chart. i'm storing my wealth in bitcoin anyway.

isn't bitcoin supposed to be a currency ?

Mining costs + whatever the miner takes as a profit and to cover the asic investment costs (eventually)
Mining cost of this cycle is around 3.4k
Post halveninng idk but miners won't let it go lower than mining costs

not in the traditional sense. I see it more as an asset. I hate to compare it with gold, but you can't deny they have similarities.
but there are shops online that allow bitcoin payments, and not just dark net markets.

>but miners won't let it go lower than mining costs
and how are they supposed to do that ?

This

it would have been zero if humans all worked together

As they have done it for 11 years already, by not selling at unprofitable price

I guess this raises and answers the bigger question of what is the actual price of anything
Checked, I hope you're right fren. I hope the $6-8k range is the new floor and that another 2017 type bullrun will bring us to even greater highs. It seems to me that if crypto went on a second bullrun the normies would not be able to write it off as a fluke like they do now

You don't even have to be a bear to see the obvious lower highs.

but are miners really the only supply of BTC. Is the crypto-community really so stupid that they are just holding on their BTC for ever without selling?

whatever people will pay for it. Very overvalued imo. Def not buyying at these prices or higher

there is no reason to use those shops tho. It´s a hassly to pay in btc, Ive done it plenty of times and never again

whitepaper literally says per to per electronic cash
the only mention of gold is a reference to gold miners

> by not selling at unprofitable price
but there is more volume in a 1 minute candle on binance than what miners will mine in one day after the halvening

Yes but Satoshi continuously shits on fiat currency in like every post.
I don't even understand how bears make their money and I've been here for years, I'm a retarded bull to the core

$10 like in 2012

Thing is, those who didn't make it in 2017 were looking for the next halvening to make it, ie now and 2021. All they do Is hoard btc because muh halvening
So the crypto space is now full of investors that are waiting for it to pump, but they already all bought in.
Also there's the 'Rona and a global recession as everyone is claiming right now, so even less disposable income to pour into crypto.
The supply halvening will affect the price, but not as fast as it did with previous halving, and gains not as big
I'd like to believe we go bullrun again but it's probably not going to be this year or the next, not because of the halvening and probably not because of btc
I would guess the next bullrun will be fueled or followed by a flippening, be it ETH or something else

>Yes but Satoshi continuously shits on fiat currency in like every post.
so ? he clearly intended Bitcoin to be a currency not a store of value or an investment, those are literally the opposite of a currency
bitcoin is clearly being used less today than it was back in 2011-2013 in therms of real purchase

priced in?

Basically

>whitepaper literally says per to per electronic cash
it does but then again the supply cap makes it not cash.

The point is store of value and currency shouldn't be mutually exclusive
This might be a stupid as fuck question, but do the pumps necessarily depend on a huge influx on new money? What about just a wider appreciation of its utility, since its price is apparently determined by what someone is willing to pay for it

>bitcoin is clearly being used less today than it was back in 2011-2013 in therms of real purchase
yeah because you can't really buy drugs with it anymore. it was the main use case when it was mainly used as currency.

Undervalued

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lightning has the potential to change how bitcoin can be used to purchase things in a revolutionary manner. but for it to be adopted we would need a serious collapse in the financial sector in the developed world. which will not happen. so long the traditional digital cash system works bitcoin or any other crypto will never take over.

>The point is store of value and currency shouldn't be mutually exclusive
of course it should otherwise you end up in the current situation for gold silver and btc where the currency is just being hoard and not used as a currency
that's why the fiat system allowed for the insane economic growth of the 20th century, peoples invest their gain rather than hoarding them

the the thing that really puzzle me, the cap is clearly there to bring investor and promises price rise ... like a ponzi

I used to be able to buy game on steam too

>I used to be able to buy game on steam too
yeah but here is the thing for someone to accept bitcoin it's a fucking hassle. if they use a payment provider that's fine but it's a sell event and buy with cash not purchase with crpyto. and the provider takes a cut so it can't compete with cc. so it was mainly a mirage that you could purchase with bitcoin so long the expenses of a retailer are in cash you basically sell your bitcoin for cash one way or an other.

however micropayment possibilities (even charge by minute while remaining trustless and non custodial) that could be used in streaming and transportation and even cloud gaming are staggering for lightning.

A ponzi inherently has no cap, it's driven by unlimited and unsustainable growth. What you're saying is that the growth of the 20th century was driven by a ponzi scheme.

and one more thing, technically futures markets allow for a company to accept bitcoin and short hedge it instead of selling it to reduce his downside risk. but this will only make sense if the company can purchase or pay his employees in bitcoin. which is far far away.

this, btc is a quantum physics phenomon which prevents the observer from making it, abit like schrodingers cat

How does one hundred BILLION sound?