Author

Topic: New way to determine btc/usd price (Read 765 times)

Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
June 20, 2013, 02:55:55 PM
#6
Since there is no way to determine price of decentralised currency and nobody knows actual value of bitcoin, i have simple, cheap and solid solution. I will tell you what bitcoin value currently is.
Why me? Because nobody before wanted to do this. I know people was trying to apply stock market rules to bitcoin price but it is only simple trick to try to manipulate price indirectly and doesn't work reliably, especially that if prices of stock can fluctuate randomly and its no problem, with money is not good when something like this happens.

But to the topic. Current value of bitcoin is $120 and will be rising stable daily to reach $2000 to end of this year and $2000 each next year. If you see that someone is selling cheaper than this then consider it as opportunity to buy.

This is simple and elegant solution and have one big advantage, that all people can just sit and relax and enjoy they wealth and merchants can do their business without worry about next day value.

And btw. don't forget to switch to XBT (100 satoshi = 1 XBT or 1 BTC = 1 000 000 XBT). Which means today for $1 you can buy 8 333.33 XBT.

Possibly the most stupid post I have ever read. The current value of bitcoin is $120 yet its not priced there at any exchange? Get real.

The current value of btc is what it is traded for. mtgox might not have the volume of old, but it still has significantly the most volume.

$2000 by years' end is cloud cuckoo land.

If you want to buy at $120, since this according to you is the real price, pm me and I'll sell you some at "current value".

Check your sarcasm detector.   Wink
sr. member
Activity: 249
Merit: 256
Try Purse Instant! https://purse.io/instant
June 20, 2013, 02:40:03 PM
#5
You realize this exists already?

1 BTC = 5.74oz/Silver
11.27 BTC/Gold

http://www.ounce.me/


They get the gold spot divided by mtgox price i believe.
sr. member
Activity: 448
Merit: 251
Bitcoin
June 20, 2013, 02:22:32 PM
#4
You realize this exists already?

1 BTC = 5.74oz/Silver
11.27 BTC/Gold

http://www.ounce.me/
hero member
Activity: 518
Merit: 500
June 20, 2013, 02:18:44 PM
#3
Since there is no way to determine price of decentralised currency and nobody knows actual value of bitcoin, i have simple, cheap and solid solution. I will tell you what bitcoin value currently is.
Why me? Because nobody before wanted to do this. I know people was trying to apply stock market rules to bitcoin price but it is only simple trick to try to manipulate price indirectly and doesn't work reliably, especially that if prices of stock can fluctuate randomly and its no problem, with money is not good when something like this happens.

But to the topic. Current value of bitcoin is $120 and will be rising stable daily to reach $2000 to end of this year and $2000 each next year. If you see that someone is selling cheaper than this then consider it as opportunity to buy.

This is simple and elegant solution and have one big advantage, that all people can just sit and relax and enjoy they wealth and merchants can do their business without worry about next day value.

And btw. don't forget to switch to XBT (100 satoshi = 1 XBT or 1 BTC = 1 000 000 XBT). Which means today for $1 you can buy 8 333.33 XBT.

Possibly the most stupid post I have ever read. The current value of bitcoin is $120 yet its not priced there at any exchange? Get real.

The current value of btc is what it is traded for. mtgox might not have the volume of old, but it still has significantly the most volume.

$2000 by years' end is cloud cuckoo land.

If you want to buy at $120, since this according to you is the real price, pm me and I'll sell you some at "current value".
hero member
Activity: 546
Merit: 501
June 20, 2013, 02:11:10 PM
#2
Since there is no way to determine price of decentralised currency and nobody knows actual value of bitcoin, i have simple, cheap and solid solution. I will tell you what bitcoin value currently is.
Why me? Because nobody before wanted to do this. I know people was trying to apply stock market rules to bitcoin price but it is only simple trick to try to manipulate price indirectly and doesn't work reliably, especially that if prices of stock can fluctuate randomly and its no problem, with money is not good when something like this happens.

But to the topic. Current value of bitcoin is $120 and will be rising stable daily to reach $2000 to end of this year and $2000 each next year. If you see that someone is selling cheaper than this then consider it as opportunity to buy.

This is simple and elegant solution and have one big advantage, that all people can just sit and relax and enjoy they wealth and merchants can do their business without worry about next day value.

And btw. don't forget to switch to XBT (100 satoshi = 1 XBT or 1 BTC = 1 000 000 XBT). Which means today for $1 you can buy 8 333.33 XBT.
sr. member
Activity: 249
Merit: 256
Try Purse Instant! https://purse.io/instant
June 20, 2013, 01:46:17 PM
#1
We've always determined the BTC/USD exchange rate via last price on mtgox. Their relatively low trading volumes now can no longer properly represent sentiment of the larger bitcoin economy. This is a problem I've been thinking about for a while, and with the withdraw problems mtgox has had, there is a need to move away quoting gox. Anyone have any ideas as to how to do this?
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