Is $518 the Fair Price of Bitcoin?

http://www.coindesk.com/is-518-the-fair-price-of-bitcoin/

Ask your average bitcoin enthusiast, and he or she will be quick to list the reasons why the price of bitcoin, even at $260, is undervalued, or at least, not properly reflective of its long-term value. 

Now, however, those with a more bullish outlook have a new tool that can help them uncover bitcoin’s ‘intrinsic value’. 

Recently launched by ALFAcoins, the ALFAquotes Fair Bitcoin Price indicator aims to illuminate what it considers the true value of bitcoin by factoring for the cost of bitcoin mining, or the production of the commodity itself. 

At press time, ALFAquotes contends, while most bitcoin traders are buying and selling bitcoins for $259.46, the fair price is roughly double that, at $518.59.