Has anyone noticed the bitcoin value seems to be decreasing?

Erdogan

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Quote from: cybershawrk on February 21, 2014, 04:59:54 PM

Investing in bitcoins is pretty much the same game as investing in stocks they can
go up and you can make some money or they could go down and you will lose money I guess the risk is part of the fun though lol.

"Investing" in bitcoin is not really investing, since bitcoin is money it is saving. The real possibility that bitcoin can appreciate, is a one time event while bitcoin is being implemented. When bitcoin is fully implemented, you have the option of taking interest from lending, or invest (buy capital goods with the intent of producing something of value).

skivrmt

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Quote from: thddx on February 24, 2014, 09:18:17 PM

I cannot decide if you are being serious.

One thing is for certain: you should not equate what's happening on Gox with the price. I bet it will dip a bit further when Gox finally accepts its death, but we'll bounce back shortly thereafter.

Fairly accurate prediction and so far so good. There was a great NY Times articles talking about how this is a good thing. Coinbase is solid and here to stay. itBit is solid and here to stay (yes not a lot of you have heard of them but you will once there get US approval). Bitstamp I'm still not sure about, but they seem fairly solid. BTC I wouldn't trust but many do!

bitcoindirect

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Where's the stopping point at in speculation?

thddx

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I cannot decide if you are being serious.

One thing is for certain: you should not equate what's happening on Gox with the price. I bet it will dip a bit further when Gox finally accepts its death, but we'll bounce back shortly thereafter.

cybershawrk

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yeah 100 is pretty low i still can't believe that in about less than a month's time
the btc price plummeted down from a 1000 to a 100 that's insane.
Does the sudden drop in price have anything to do with the fact that a boatload of bitcoins were stolen by hackers?

D05GTO

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Quote from: cybershawrk on February 24, 2014, 03:14:57 AM

does anyone think it will go down to a 1$ per btc I would totally rack up on those
if they did that probably won't happen though

LOL, I believe everyone and their mother would be "all in" at $100. No chance to reach $1.

cybershawrk

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does anyone think it will go down to a 1$ per btc I would totally rack up on those
if they did that probably won't happen though

aminorex

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Sine secretum non libertas

Quote from: skivrmt on February 21, 2014, 09:21:24 AM

Quote from: aminorex on February 21, 2014, 01:52:01 AM

Please do not confuse the value with the price.

Generally though in a free market economy the value is the price.

You are confusing the value with the price. Please stop.

cybershawrk

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I wonder if someday bitcoin will become a thing of the past and some other coin would suddenly become popular.

qiwoman

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I believe also there is speculation in the ALT COIN MARKETS as well so people are using BTC to play with those alt currencies too back and forth. At the moment Bitcoin is much a speculation object but once it goes more mainstream into products and services the price should eventually stabilize more I think.

cybershawrk

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Investing in bitcoins is pretty much the same game as investing in stocks they can
go up and you can make some money or they could go down and you will lose money I guess the risk is part of the fun though lol.

skivrmt

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Quote from: aminorex on February 21, 2014, 01:52:01 AM

Please do not confuse the value with the price. Certainly the price has been declining. Whether the value has gone up or down can only be determined by doing statistics on the bitcoin economy. I did some work on the blockchain for January and estimated the centroid of the value at 640 USD. By now it should be at least 720, if the expansion has been constant (which is unlikely of course).

Generally though in a free market economy the value is the price. Bitcoin can be considered a free market because it's traded on multiple exchanges. This happens all the time in the stock market as well. What is the "value" of Apple? Google? Etc. The intrinsic book value is usually less then the current price, but the price includes future projected profits as well. But when I think of value, I think of what someone is willing to pay for a certain item. In the case of Bitcoin, currently the value is what a bidder is willing to pay for a coin on Bitstamp.

aminorex

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Sine secretum non libertas

Please do not confuse the value with the price. Certainly the price has been declining. Whether the value has gone up or down can only be determined by doing statistics on the bitcoin economy. I did some work on the blockchain for January and estimated the centroid of the value at 640 USD. By now it should be at least 720, if the expansion has been constant (which is unlikely of course).

cybershawrk

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yeah I do have quite a habit for checking the prices frequently lol
guess that's what happens when you have some extra free time haha. Grin

Lethn

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lol cybershawrk, you're like me when I'm feeling really nervous about holding something Tongue

you need to have something else to do to occupy yourself so you don't check the prices constantly.

cybershawrk

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It's awesome news the btc reached over a 1000 again I had a feeling it would

bored

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Quote from: seanneko on January 24, 2014, 01:41:56 AM

Quote from: cybershawrk on January 24, 2014, 01:19:14 AM

A few days ago bitcoins were at almost a 1000 per,but today i noticed that they are down by almost a 100 anyone else notice this?

Nope. You're the only one who noticed. Thanks for bringing it to our attention!

haha, I seriously laughed out loud.

delphic

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Quote from: lnternet on January 24, 2014, 03:19:43 AM

Where can I see the value of bitcoin?

It's printed on the back.

coinpharmer

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I smell a new buyer.... ive watched the price change 100$ DURING a conversation about bitcoin with someone about it. started with coversation by pulling up the page, and reloading the page at the end of the conversation.

changing value is the REASON most people got into this, just wait a month or 2 and watch it grow. its about net gains over time not "whats it doing right this moment oh noes!"

kisa2005

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Quote from: skivrmt on January 25, 2014, 05:09:28 PM

Ohoh, we need to update thread, the title specifically. BTC is now slowly climbing up again. Did anyone notice? Wink

have an attentive look at my previous post Wink

Quote from: skivrmt on January 25, 2014, 05:09:28 PM

But seriously, BTC is still in its infancy, is traded on multiple somewhat questionable exchanges, it will be very volatile, in both directions.

agreed!

however if volatility means 50% chance of halving value versus 50% of doubling, then the expected value is +25%, you probably don't want to be short such an asset even given the volatility... ^^

Topic: Has anyone noticed the bitcoin value seems to be decreasing? (Read 3954 times)