[cwkoss]

If you think there is a chance that Bitcoin will continue gaining value long term:

- Decide what you think a bitcoin could be worth in X years

- Multiply that by the probability that outcome occurs

- That's your 'fundamental' price

Ex. if you think bitcoin has a 10% chance of being worth $100k in the future, it is rational to buy at prices up to $10K.

(some time-value of money handwaviness, but can be a useful way to look at things. ideally should be compared against other investments)