0 sats \ 0 replies \ @02174b3c39_lntxbot 31 Jul 2022 \ on: A realistic fair value of Bitcoin bitcoin
One satoshi could be worth a dollar or any other amount.
Bitcoin has price insensitive buyers, transaction service purchasers and the DCA crowd.
Thus if a commodity has price-insensitive buyers, it is sellers who set the price.
And if the species was capable of even meagre cooperation, bitcoin's exchange rate could be anything holders choose it to be.
The majority of UTXOs are long term holders (anything from 155 days or more) and yet a minority of "traders" cause the overwhelming majority of volatility and price destruction.
Never the less, every trade is a chance for a long term holder to buy and only sell for more, at some time in the distant future.