[stephenboyd]

How could anyone decide on an appropriate price for Bitcoin when there's no fundamental intrinsic value to it? That lack of a fundamental value helps it increase because nobody can ever say when it's too high, but the inverse, that it's never too low is also true.

[kreetx]

The fundamental intrinsic value(s) are that BTC can't be printed, second that transactions are unrestricted and borderless, and third that it's network effects, i.e size of user base.

How this translates to some price though is an open question though. :)

[danaris]

Those are attributes, not value.

Some people may value those attributes, while for others, they are outright drawbacks.