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Topic: Is your Bitcoin really worth $xxx.xx? - page 2. (Read 2176 times)

duke944

sr. member

Activity: 546

Merit: 253

Quote from: JimboToronto on December 20, 2016, 01:42:07 AM

Quote from: duke944 on December 19, 2016, 09:57:21 PM

You must be a holder of free coins. Opinion dismissed,

Who the hell are you to assume he holds free coins? You don't know if he mined them, earned them or bought them, or how much he paid.

You sound like some crybaby "trader" who was late to the party, paid too much, and is jealous of those who recognized Bitcoin's value earlier on. Grow up.

I dismiss your opinion..
_____________

To the OP:

No, my bitcoins are not worth $xxx.xx. They're worth at least $xxxx.xx and possibly $xxxxx.xx.

He clearly is not worried about what can happen, only happy to accept future rises in price.
This is not a person holding coins bought anywhere near $800, you stupid fucker.

katrimans

hero member

Activity: 882

Merit: 500

Does the gold worth its price levels or diamonds or petroleum ?

Everything in this world are getting its value only based on its demand. If no one cares about your bitcoin then obviously there will be no worth for it. Our total world is already existing based on this economic concept and based on this bitcoin gains its worth.

maku

legendary

Legendary level

Activity: 1288

Merit: 1000

Q: Is your Bitcoin really worth "x" amount of $$$?
A: I don't get this questions, what do you mean exactly? Bitcoin price is determined by current market situation and therefore you can say price is real.

Q:What happens if lets say 5 big Bitcoin holders were to flee the market today?
A: By flee you mean - sell all theirs coins? It would create panic sell situation and Bitcoin price will be razed, at least temporarily.

Q:Are there enough buyers to inflate the price back up?
A: Hard to tell, we are still in experimental/early phase there are two scenarios - BTC will fall or rest of bitcoin users will seize the opportunity to buy cheap BTC.

Q:Do you think that all investors would get the same amount of money for their coin?
A: Depends on how much/fast they want to sell their BTC.

Zadicar

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DGbet.fun - Crypto Sportsbook

Quote from: btcdiggingmaster on December 20, 2016, 04:51:32 AM

Quote from: SyGambler on December 19, 2016, 06:51:35 PM

well the golden rule is don't invest what you can't afford to lose cause nobody knows what tomorrow will bring and it's better to be safe
but in my opinion yes there are enough buyers in the market , and there are some people who buy bitcoin if it goes down as little as 10$

so far I still believe in bitcoin but as I said we can't be sure about what will happen in the future

Yes i agree with you because there are many buyers out there who can buy bitcoin even though the value has fallen to 760$ also, but it does not impact on the market. But according to you no one can predict what is going to happen in future or tomorrow because that's how bitcoin is indicated. Many people have a strong belief on bitcoin because really it will increase the price may be today, tomorrow are else some day but definitely it will increase the price for sure.

It would depend on peoples mind if they would still able to trust bitcoin despite its price is dropping to the lowest but still no one knows on what will happen exactly on bitcoins price in the future thats why we cant exactly tell the precise thing.Most of us bitcoin holders do have really a strong belief on the potential of bitcoin.

btcdiggingmaster

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Activity: 644

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Transact Safer / Chase Better

Quote from: SyGambler on December 19, 2016, 06:51:35 PM

well the golden rule is don't invest what you can't afford to lose cause nobody knows what tomorrow will bring and it's better to be safe
but in my opinion yes there are enough buyers in the market , and there are some people who buy bitcoin if it goes down as little as 10$

so far I still believe in bitcoin but as I said we can't be sure about what will happen in the future

Yes i agree with you because there are many buyers out there who can buy bitcoin even though the value has fallen to 760$ also, but it does not impact on the market. But according to you no one can predict what is going to happen in future or tomorrow because that's how bitcoin is indicated. Many people have a strong belief on bitcoin because really it will increase the price may be today, tomorrow are else some day but definitely it will increase the price for sure.

1Referee

legendary

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Activity: 2170

Merit: 1427

It's a fact that there isn't enough liquidity to offer insanely large holders the chance to cash out entirely. But I think at this point there isn't any of the large holders willing to do so beside the occasional profit taking opportunities. No way the market will recover from a scenario where legitimately hundreds of thousands of coins are being dumped. And this is just considering one very large player, and as you probably know, there are several with these level of stashes. Don't forget that the majority of the open orders are coming from bots most of the times directly pulling back their buy orders as soon as the price comes very close to where they are placed at. That means that there is even less liquidity in reality. And then I haven't even been talking about phantom orders....

bitebits

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Flippin' burgers since 1163.

Quote from: SyGambler on December 19, 2016, 06:51:35 PM

well the golden rule is don't invest what you can't afford to lose [...]

I though the golden rule was that if people panic, make sure to panic first.

OP: it is all about liquidity. Therefore whales have to spread their bids and asks over multiple exchanges. Or buy/sell Over The Counter, or participate in Gemini's daily bitcoin auction:

Quote

Auctions (also called “crosses,” not to be confused with winner-take-all auctions) are events which allow two-sided trading in large or small blocks with efficient price discovery and reduced price slippage. The goal is to prevent buyers and sellers from missing each other during the trading day.

JimboToronto

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You're never too old to think young.

Quote from: duke944 on December 19, 2016, 09:57:21 PM

You must be a holder of free coins. Opinion dismissed,

Who the hell are you to assume he holds free coins? You don't know if he mined them, earned them or bought them, or how much he paid.

You sound like some crybaby "trader" who was late to the party, paid too much, and is jealous of those who recognized Bitcoin's value earlier on. Grow up.

I dismiss your opinion..
_____________

To the OP:

No, my bitcoins are not worth $xxx.xx. They're worth at least $xxxx.xx and possibly $xxxxx.xx.

Soros Shorts

donator

Activity: 1617

Merit: 1012

The same could be said about real estate. A certain sized house in a particular neighborhood may be going for $500K, but in reality only a small number of houses are on the market at any one time. There is no way everybody in the neighborhood can sell their houses for that price all at the same time.

Quote from: Sir Alpha_goy on December 19, 2016, 06:26:37 PM

As global currencies weaken the likelihood of liquidating your position for "fair market value" deteriorates.

As long as you have a fair amount of liquidity in the markets it could be argued that the price you get will be "fair market value". Today fair market value is approximately $790. Tomorrow it may be $1000 or $10. If you are getting approximately the same price as all the other guys who are buying or selling at the same time, then you are getting fair market value.

AmsterdamPimp

member

Activity: 108

Merit: 10

It is a free market an as such anyone can sell at any time, will they get what they want maybe not, can everybody sell at the same time? Definitely not! Is there enough buyers that the price would recover? Forsure. Look at the 120k bitcoin 'hack' at finex, did it recover and what was the impact?

pooya87

legendary

Legendary level

Activity: 3472

Merit: 10611

Quote from: Sir Alpha_goy on December 19, 2016, 06:26:37 PM

I have a question for those holding Bitcoin.
Is your Bitcoin really worth "x" amount of $$$?
What happens if lets say 5 big Bitcoin holders were to flee the market today?
Are there enough buyers to inflate the price back up?
What if a run were to occur on Bitcoin?
Do you think that all investors would get the same amount of money for their coin?
With global currencies sliding in value consider this when building your exit strategy.
As global currencies weaken the likelihood of liquidating your position for "fair market value" deteriorates.

by bitcoin! is worth x amount of $$$ and even more because there is lots of demand for it and the supply is always going to be lower that that demand which makes the $$$ value always go higher and higher.

there are 16 million coins currently available to everyone and if you think there are only 5 big bitcoin holders that can have any effect on this 16 million coins then you should rethink. and also a big bitcoin holder is not going to just up and leave, by definition someone who is a whale also knows what he is doing and he is making good money so there is no need for him to leave!!!

even if by a fat chance that happened yes there will be a drop but like any other drop it will go back up again. and things will become normal once again!

duke944

sr. member

Activity: 546

Merit: 253

Quote from: Wind_FURY on December 19, 2016, 09:43:25 PM

Quote from: Sir Alpha_goy on December 19, 2016, 06:26:37 PM

I have a question for those holding Bitcoin.

Is your Bitcoin really worth "x" amount of $$$?

I do not know. All I know is I can sell them at $780 per coin right now. Should I care?

Quote

What happens if lets say 5 big Bitcoin holders were to flee the market today?

Then it will crash. They can do it now if they want. But will it be good for them to dump? No, so they hold. But I encourage them to dump. Please.

Quote

Are there enough buyers to inflate the price back up?

Maybe. We are seeing it happen right now. But who cares about the price. It can go down anytime and I see that as an opportunity to buy more. So please let the price fall everyone.

Quote

What if a run were to occur on Bitcoin?

A run? I do not what you mean but if that will make the price fall that is a welcome opportunity to buy more.

Quote

Do you think that all investors would get the same amount of money for their coin?

No. Some sell at lower prices, some at higher prices.

Quote

With global currencies sliding in value consider this when building your exit strategy.

Exit strategy? There is no exit strategy. Bitcoin holder for life here.

Quote

As global currencies weaken the likelihood of liquidating your position for "fair market value" deteriorates.

Who cares.

You must be a holder of free coins. Opinion dismissed,

Wind_FURY

legendary

Legendary level

Activity: 2898

Merit: 1823

Quote from: Sir Alpha_goy on December 19, 2016, 06:26:37 PM

I have a question for those holding Bitcoin.

Is your Bitcoin really worth "x" amount of $$$?

I do not know. All I know is I can sell them at $780 per coin right now. Should I care?

Quote

What happens if lets say 5 big Bitcoin holders were to flee the market today?

Then it will crash. They can do it now if they want. But will it be good for them to dump? No, so they hold. But I encourage them to dump. Please.

Quote

Are there enough buyers to inflate the price back up?

Maybe. We are seeing it happen right now. But who cares about the price. It can go down anytime and I see that as an opportunity to buy more. So please let the price fall everyone.

Quote

What if a run were to occur on Bitcoin?

A run? I do not what you mean but if that will make the price fall that is a welcome opportunity to buy more.

Quote

Do you think that all investors would get the same amount of money for their coin?

No. Some sell at lower prices, some at higher prices.

Quote

With global currencies sliding in value consider this when building your exit strategy.

Exit strategy? There is no exit strategy. Bitcoin holder for life here.

Quote

As global currencies weaken the likelihood of liquidating your position for "fair market value" deteriorates.

Who cares.

duke944

sr. member

Activity: 546

Merit: 253

Speak for your own currency tanking, the dollar is looking great.

Sir Alpha_goy

sr. member

Activity: 448

Merit: 250

Quote from: Dahhi on December 19, 2016, 07:49:07 PM

I think the general idea is that fiat will be greatly devalued that people will look for alternate currencies, they might adopt crypto and the elites will rule the world or something along that line.

Fixed

Dahhi

full member

Activity: 238

Merit: 100

MERCATOX

I think the general idea is that fiat will be greatly devalued that people will look for alternate currencies, they will adopt crypto and the elites will rule the world or something along that line.

GreenLighter

jr. member

Activity: 36

Merit: 2

Bitcoin is a commodity and thus is worth whatever the buyer is willing to pay

Sir Alpha_goy

sr. member

Activity: 448

Merit: 250

Quote from: Carpeaux on December 19, 2016, 07:36:39 PM

why would 5 big dudes flee the market today, when they didnt after so much falls rises, and at the same time?

I think it is unlikely, if they did, would be at top or when Gox collapsed

Why would Circle flee Bitcoin?

I bet people thought it was unlikely.

Unlikely and reality tend to smack people in the face when it happens.

Carpeaux

member

Activity: 94

Merit: 10

why would 5 big dudes flee the market today, when they didnt after so much falls rises, and at the same time?

I think it is unlikely, if they did, would be at top or when Gox collapsed

Sir Alpha_goy

sr. member

Activity: 448

Merit: 250

Quote from: European Central Bank on December 19, 2016, 06:53:49 PM

of course not.

same thing goes for every single other thing that's traded and hoarded on the entire planet too. how much would gold be worth if everyone tried to sell at once? how much would apple shares be worth if a major holder got rid?

if people haven't figured this out and accounted for it then they're a certifiable moron with zero business participating in any market.

Gold is money.

I'm not sure you can sell money.

You can however exchange it for currency.

That is if such currency is worth a damn.

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