41$ for one bitcoin? neverever if u can prove this to me, í´ll pay u 10 btc.
also the price before mt.gox shot down, was about 17, coming down from its 31 alltime high
Topic: Bitcoin pricing - page 2. (Read 3725 times)
Okk...
I understand your comments... But i only wish the value of a bitcoin gets higher...Because the general tendency is to set a price lower than the last transaction so it gets a quick sale.
But that is continuously dropping the value of the bitcoin.
I dont have much idea about the market.. But i hope the price gets above 17$ atleast otherwise its of no use...
The price was as high as $41 just before we got GOXED by the Mt Gox hack. Mt Gox was always the central place to value the bitcoin but after the hack and it was offline for like a WEEK the markets resumed at $15-ish and haven't gone up since. Personally, I'm glad the price is at least stable. I see the value going back up in a month. I understand your comments... But i only wish the value of a bitcoin gets higher...Because the general tendency is to set a price lower than the last transaction so it gets a quick sale.
But that is continuously dropping the value of the bitcoin.
I dont have much idea about the market.. But i hope the price gets above 17$ atleast otherwise its of no use...
Okk...
I understand your comments... But i only wish the value of a bitcoin gets higher...Because the general tendency is to set a price lower than the last transaction so it gets a quick sale.
But that is continuously dropping the value of the bitcoin.
I dont have much idea about the market.. But i hope the price gets above 17$ atleast otherwise its of no use...
I understand your comments... But i only wish the value of a bitcoin gets higher...Because the general tendency is to set a price lower than the last transaction so it gets a quick sale.
But that is continuously dropping the value of the bitcoin.
I dont have much idea about the market.. But i hope the price gets above 17$ atleast otherwise its of no use...
Assets are worth whatever a buyer and seller come to an agreement on. This is called "price discovery". See http://en.wikipedia.org/wiki/Price_discovery
Trying to artificially manipulate this price will only reduce the market depth. That is, if under a free market the price goes down (because there are more sellers than buyers at the current price), and you try to prevent that through artificial means, all you're going to accomplish is that people stop using you as a marketplace.
It's like the minimum wage. We say "oh it's bad for anyone to earn less than $X an hour, I know let's just make it illegal to pay someone less than that!" Well, you may succeed in eliminating jobs at wages lower than the target rate, but the side effect is that now you have a bunch of unemployment.
Trying to artificially manipulate this price will only reduce the market depth. That is, if under a free market the price goes down (because there are more sellers than buyers at the current price), and you try to prevent that through artificial means, all you're going to accomplish is that people stop using you as a marketplace.
It's like the minimum wage. We say "oh it's bad for anyone to earn less than $X an hour, I know let's just make it illegal to pay someone less than that!" Well, you may succeed in eliminating jobs at wages lower than the target rate, but the side effect is that now you have a bunch of unemployment.
Exchanges =\= bidding sites
You could setup a site like that if you wanted, but I doubt anyone would use it.
You could setup a site like that if you wanted, but I doubt anyone would use it.
Hi Guyz,
I am new in this Bitcoin world. And doing mining with a HD 5870 .
The thing that I am trying to say is that ..A month ago around the last week of june , the price of a bitcoin was 18$ ( USD ) approx .
Now, currently it has fallen down to 13.95$ - 14$ approx
So, its constantly dropping. Plus from my situation I find that after giving the electricity bill I have very few buvks to spent around .
So, my theory is that cant there be any bidding system put into the marketing sites like bitmarket.eu , tradehill etc .
I mean if some one bids 13.95$ then the next bidder has to be atleast .05 - .1 more than the last one . ie the next bidder has to bid more than 14$ .
In this way the cost of a bitcoin will dramatically increase and the buyers will also dont have to fear about the drops in bitcoin prices .
I hope I have made my theory clear.
If there any questions feel free to reply here .
Sorry for my bad English ,
Thanks
abcduploader
I am new in this Bitcoin world. And doing mining with a HD 5870 .
The thing that I am trying to say is that ..A month ago around the last week of june , the price of a bitcoin was 18$ ( USD ) approx .
Now, currently it has fallen down to 13.95$ - 14$ approx
So, its constantly dropping. Plus from my situation I find that after giving the electricity bill I have very few buvks to spent around .
So, my theory is that cant there be any bidding system put into the marketing sites like bitmarket.eu , tradehill etc .
I mean if some one bids 13.95$ then the next bidder has to be atleast .05 - .1 more than the last one . ie the next bidder has to bid more than 14$ .
In this way the cost of a bitcoin will dramatically increase and the buyers will also dont have to fear about the drops in bitcoin prices .
I hope I have made my theory clear.
If there any questions feel free to reply here .
Sorry for my bad English ,
Thanks
abcduploader
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