... simply because quadrupling price in just 2 months cannot be a normal rally, so a correction must follow.
Trader error no ##: just because the price went up so drastically, it must come down.
Topic: Bitcoin fair price in 2013 - A more realistic poll - page 2. (Read 3213 times)
Trader error no ##: just because the price went up so drastically, it must come down.
I'm hoping for a breakout past the $50 mark and think there is a great chance we'll achieve it. We're not in a bubble yet.
The run from $32 to $49 was pretty bubbleicuous. A few weeks in the forties to stabilize things will build some confidence.
My view is that the bitcoin market is one of the only markets in the world where a fair price is achieved by honest price discovery between buyers and sellers. The market is on a bull run which extends back before the bubble in 2011 and I see no reason for that to end. It is increasing on a log basis. It won't be long before people happily pay more than $100 for a bitcoin.
I'm hoping for a breakout past the $50 mark and think there is a great chance we'll achieve it. We're not in a bubble yet.
I'm hoping for a breakout past the $50 mark and think there is a great chance we'll achieve it. We're not in a bubble yet.
Price is always "fair" if coercion is not being used to set it.
So, yeah, the current price is fair, and wherever it goes, it will remain fair.
So, yeah, the current price is fair, and wherever it goes, it will remain fair.
That's theology, not experience.
The one Keynes quote that even the Austrians use is "The market can remain irrational longer than you can remain solvent."
There's no such thing as fair price regarding to Bitcoin, so I cannot understand people giving any value.
Think of it from an other perspective:
The price of bitcoin just indicates how big the BTC economy is.
It is insignificantly small at the moment.
Think of it from an other perspective:
The price of bitcoin just indicates how big the BTC economy is.
It is insignificantly small at the moment.
this is neither, it's a definition of a fair price.
In accounting and economics, fair value is a rational and unbiased estimate of the potential market price of a good, service, or asset
It seems like the definition of fair price/value uses the word potential. I don't see how your definition is comparable to this definition of fair price. potential means the future. How far in the future is not established but can be. the price is always fair in present time, however since this pools is posted in the speculation section, then we must see it as the future value of bitcoin and not its current.
I think just over ~$50 by now would be a fair price, so I voted $47.
I don't see there being any big movement now until Monday, where we still might hit $50.
If the current price were unfairly manipulated, it would have crashed for good with the bad news earlier this week -- people looking to get out would have done, for good. It didn't. It's a fair price.
I don't see there being any big movement now until Monday, where we still might hit $50.
If the current price were unfairly manipulated, it would have crashed for good with the bad news earlier this week -- people looking to get out would have done, for good. It didn't. It's a fair price.
Voted "~20 makes more sense"
Not that I think $40 is too high, but simply because quadrupling price in just 2 months cannot be a normal rally, so a correction must follow.
Not that I think $40 is too high, but simply because quadrupling price in just 2 months cannot be a normal rally, so a correction must follow.
this is neither, it's a definition of a fair price.
Price is always "fair" if coercion is not being used to set it.
So, yeah, the current price is fair, and wherever it goes, it will remain fair.
So, yeah, the current price is fair, and wherever it goes, it will remain fair.
Is this an opinion or a fact?
Price is always "fair" if coercion is not being used to set it.
So, yeah, the current price is fair, and wherever it goes, it will remain fair.
So, yeah, the current price is fair, and wherever it goes, it will remain fair.
This is an unbiased poll with 5 options. Two bullish, Two bearish, and the status quo.
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