How to evaluate the value of Bitcoin?

[Rabia]

In the eyes of economists, it is difficult to assess the value of Bitcoin. With the existing economic model evaluation, there is no reference, bitcoin can not see intangible and there is no statutory credit support, unlike gold can be considered from industrial use, jewelry, central bank reserves and so on.

Bitcoin is open source. Anybody who spends 2,000 yuan can copy the same bitcoin system. A full name can be sent by changing the name of a street currency. What is their value?

[emma.lee1890]

Bitcoin price is determined by the demand and supply. The higher the demand and supply, the higher the price.

[Doctor]

Bitcoin price is determined by the demand and supply. The higher the demand and supply, the higher the price.

Yes It is true mate. Bitcoin price is determined by demand and supply. Demand and supply is the main factor.

[expander]

Basically, the formation of the price of Bitcoin is the same as the formation of the price of goods. There is a deal between the bid price (the price of the people who sell Bitcoin) and the request price (the person who will buy Bitcoin).

[Munareal]

Bitcoin has value because of this simple basic economics factors scarcity, utility, supply and demand.
Bitcoin is  scarce because its supply is limited to 21M. Bitcoin has utility for it is used as a global currency with massive adaptation to using it for trading and investment. The price of bitcoin is not statics because its value and price is affected by demand and supply