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leex1528

hero member

Activity: 784

Merit: 1000

Quote from: ?? on ??

The value of a single coin should be the mean figure of what all its users value it at.

what I'm trying to get across is: the way the current price is decided by the biggest exchanges is... flawed, aka not a real representation of most peoples opinion and maybe there could be a better way to determine the average price than a bid/ask system?

That is not only what its like for Bitcoin, also everything that can be used as currency...The only thing is Bitcoin changes a lot more.

Bitcoin Magazine

sr. member

Activity: 252

Merit: 250

do u have to report on your income tax if you bought a car with BTC

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Youre saying the real value is something other than what peoplr are wiling to transact for. How do you figure?

leex1528

hero member

Activity: 784

Merit: 1000

I value the coin at what it is currently valued at, just like any other currency that I am using. It is worth as much as it is worth at that moment.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: ?? on ??

Quote from: EternalWingsofGod on October 12, 2014, 11:26:30 PM

I currently value 1 BTC at the market price of 400

knew there would be one... Grin

but seriously guys i need some figures if you don't mind

$100,000.

bornil267645

sr. member

Activity: 406

Merit: 250

AltoCenter.com

Struggling, but establishing it's profile. Making it's stand. Too many BTC is waiting in the wallet. Need more BTC in the market.

the joint

legendary

Activity: 1834

Merit: 1020

Quote from: Beliathon on October 13, 2014, 12:02:32 AM

Quote from: the joint on October 12, 2014, 11:36:44 PM

In this thread we've already seen personal valuations at ~200% current market rate, but this means nothing. The posters don't even believe in their personal valuations because nobody's partaking in the 50% off sale going on all day every day.

I can't speak for anyone else, but every spare dollar I have buys me more BTC. I've been loving these 300 days.

Good to know Cheesy

My unspoken position is also letting me enjoy these prices.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

its a somewhat meaningless question without more context provided.

Why wouldnt I value it "currently" at the market price?

Or are you asking my personal opinion of what I think
it SHOULD be worth?

My own personal little ego thinks Bitcoin SHOULD be
a trillion dollar market, making a Bitcoin 100 times
more valuable than the market price.

In reality, I think it may take a decade to get there.

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

Quote from: the joint on October 12, 2014, 11:36:44 PM

In this thread we've already seen personal valuations at ~200% current market rate, but this means nothing. The posters don't even believe in their personal valuations because nobody's partaking in the 50% off sale going on all day every day.

I can't speak for anyone else, but every spare dollar I have buys me more BTC. I've been loving these 300 days.

the joint

legendary

Activity: 1834

Merit: 1020

Quote from: chopstick on October 12, 2014, 11:37:51 PM

I value mine at a million $ each.

Just waiting for the market to catch up

If you don't value others' the same, then that implies you don't believe bitcoins are fungible.

Edit: I know you were joking.

chopstick

legendary

Activity: 992

Merit: 1000

I value mine at a million $ each.

Just waiting for the market to catch up

the joint

legendary

Activity: 1834

Merit: 1020

I don't particularly like the question because it's sort of irrelevant.

When I say "sort of irrelevant," I don't mean that individual opinion doesn't matter, but this is an auction market in which trading occurs across vastly different mediums. In this thread we've already seen personal valuations at ~200% current market rate, but this means nothing. The posters don't even believe in their personal valuations because nobody's partaking in the 50% off sale going on all day every day. There's money up for grabs at half-off and nobody's buying.

I just don't think it's the best interpretation to visualize the market as requiring some Universal price anchor or pricing mechanism, but rather value will be determined by localized factors as it has been. For example, certain factors make valuation on Bitstamp different from BTC-e, and certain factors also affect valuation of BTC traded on the chain vs. off the chain. The price of BTC on BTC-e is always lower because it's simply near impossible to directly fund your account with fiat. The price on Local Bitcoins is simply misleading because the spreads are ridiculous and the depth isn't there. The prices asserted in this thread are, at best, hearsay because nobody is trading at these prices.

EternalWingsofGod

hero member

Activity: 700

Merit: 500

I currently value 1 BTC at the market price of 400
That said I want a higher price closer to 2000 ideally myself

bryant.coleman

legendary

Activity: 3766

Merit: 1217

If we treat Bitcoin purely as a form of currency, and not as a form of investment, then its value might be much lower than the current exchange rate ($370-390). But as of now, somewhere around 80% of the coins are held by long-term investors.

fryarminer

hero member

Activity: 686

Merit: 500

Ok, I would sell two of my bitcoins for $2000 each. I would sell the rest at $10,000 each. So for me, a Bitcoin is not worth $600. No way I would sell one of my bitcoin for $600.

For me, the value of bitcoin is what it is worth selling for. Purely personal, but yeah.

franky1

legendary

Activity: 4424

Merit: 4794

8 having a sleep?, heres my valuation of october-november

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

1 BTC valued in what? If you want my valuation of bitcoin measured in fiat currency...

Sindelar1938

hero member

Activity: 490

Merit: 500

I would put fair value at between 500 and 600usd. Some upside here but not much.

paulsonnumismatics

sr. member

Activity: 265

Merit: 250

Honni Soit Qui Mal i Pense

Quote from: BitcoinBettor on October 12, 2014, 09:23:51 PM

The Winklevii ETF will be a game changer, but I'm guessing the market will go 10-20X higher pre-announcement.

That news is the most discounted news ever, if any. I dont expect a price discovery like the past one. However, back to the topic, i'd say that given current difficulty and miners problem to get with some satoshis, i will value BTC today between $700 and $800.

BitcoinBettor

newbie

Activity: 6

Merit: 0

The Winklevii ETF will be a game changer, but I'm guessing the market will go 10-20X higher pre-announcement.

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