Topic: Real Bitcoin Value - page 2. (Read 1125 times)
bitcoin is not depend on $ or gold directly yes but somehow they are linked. bitcoin need users. that helps price rising. if gold price suddenly go down , gold investor will sell their gold position and they will need another solid invest when they decide btc is new gold than they will buy and price will rice. the thing is we btc ''lovers'' unfourtunately dont have such a big money to rise btc price. i remember last week after this chinesse news , some investor in once buy 21.000 btc , than price rised so quickly. so if investor find btc profitable than they will invest in and price will rice and rice.
If they are thinking value is zero, then they are free to gain some bitcoin and distribute it to people who thinks it does certainly have a value.
Rubbish thought. Bitcoin value is now near about $4K. Why did the WSJournal say that? Why does it change on the dollar? BTC future is always bright. In future, it will cross all over currency and coins. Bitcoin will be used by Everybody and Everywhere all around the world.
These are the called, get some profit in times of panic when bitcoin is decreasing in value. Bitcoin as it's price against dollar, and it's more valuable than dollar. Well, in order to adapt to a new currency, there will always be some problems that needs to be resolved, like the electricity part. Maybe eco friendly energy used will help in this. The bankers don't want to accept change, as they will lose than the control on people's money. Let's give bitcoin time to grow, and maybe it will become a great asset for all of us.
The WSJournal article says if BTC is to change dollar, its current value is 0. Plus the ways of possible transactions with BTC is very limited and it requires spending lots of energy (who can explain the part with the energy spending?).
On the other hand if in future BTC would depend on gold, its value will be stable and it won't be opened to any fluctuations at all.
What do you guys think about that?
Am sorry but your article is not a good one. BTC value is zero how do you explain that. I will say a lot of energy is required to achieve some coins being it trade, mine or campaign or what ever service for value but it is still not close to 4k if you ask me. I dont know the kind of work that will pay you that much money On the other hand if in future BTC would depend on gold, its value will be stable and it won't be opened to any fluctuations at all.
What do you guys think about that?
Bitcoin is a miracle so I think it's just the politics of the Bankers, because they're afraid their current efforts will be replaced by Bitcoin technology advances ..
What do you guys think about that?
wrong Because btc not depend on $ or gold only simple supply and demand and price will up more
WCJ is fake news.
What is the value of gold? what ever people are willing to pay for it. same for Iphones or a tomato.
Bitcoin value atm is around 3,600$ I dont understand why they say its value is 0 but if they have some bitcoins they are more than welcome to give it to me for free.
What is the value of gold? what ever people are willing to pay for it. same for Iphones or a tomato.
Bitcoin value atm is around 3,600$ I dont understand why they say its value is 0 but if they have some bitcoins they are more than welcome to give it to me for free.
I do not clearly understand what OP is saying, a link to the article would be very much appreciated. About the value of bitcoin, it is the demand that determines the price, not dollar or gold. It would be nothing / worthless without the demand coming from the community that uses it.
Bitcoin does have value, but i don't think anyone can determine the real value of bitcoin itself, because given bitcoin price that always fluctuates from time to time and not yet stable for guessed how much exactly the real value of bitcoin price. Is it likely to be stable in the future and can be said bitcoin is designed to replace fiat currency? i think that's not yet be ascertained the truth.
The WSJournal article says if BTC is to change dollar, its current value is 0. Plus the ways of possible transactions with BTC is very limited and it requires spending lots of energy (who can explain the part with the energy spending?).
On the other hand if in future BTC would depend on gold, its value will be stable and it won't be opened to any fluctuations at all.
What do you guys think about that?
Maybe I would agree if bitcoin is based on gold. Although the increase and decrease is not too high but this will greatly help the stability of bitcoin prices. Of course we all want stability because in the future bitcoin will be able to get a better position. A stable bitcoin price will make bitcoin even more reliable. This will greatly help the development of bitcoin to be used officially and also recognized in the world financial system. On the other hand if in future BTC would depend on gold, its value will be stable and it won't be opened to any fluctuations at all.
What do you guys think about that?
the price is now above $ 3000 instead of $ 0 and why should it depend on gold when bitcon is now more valuable than gold. although with it will not necessarily be stable with the price that is coming.
there are a lot of weird articles about bitcoin these days and majority of them (surprisingly coming from same sources as before) are attacking bitcoin one way or another and the same sources were praising it not long ago. and they always go at it with finesse! they quote someone for example.
the articles says someone said "bitcoin will be 100,000 dollar in 2 years"
or they say "probably bitcoin is worth $0".
that way no can never accuse them despite them spreading FUD clear as day.
the articles says someone said "bitcoin will be 100,000 dollar in 2 years"
or they say "probably bitcoin is worth $0".
that way no can never accuse them despite them spreading FUD clear as day.
Nothing is linked to gold exept for Fiat money. Banks need to have a certain amount of gold reserve to cover the Fiat (bank notes) amounts.
Bank notes are easily printed but gold is not.
Bank notes are easily printed but gold is not.
No bud fiat money is no longer based on the gold standard the dollar and the euro anyway or not .That why it is called fiat money.Money that is backed by gold is called gold standard money
Nothing is linked to gold exept for Fiat money. Banks need to have a certain amount of gold reserve to cover the Fiat (bank notes) amounts.
Bank notes are easily printed but gold is not.
Bank notes are easily printed but gold is not.
unless one bitcoin equal one physical gold bar somewhere then no bitcoin will never be linked with gold .There are other coins how ever looking into doing this however 1 coin equally one gold bar in a vault .There are issues with this storing gold bars cost money and what guarantee they wont be stolen are the dev running the coin wont steal then and say they are there .Also what happens when someone whats to cash out there coin for a gold bar?.There lots of issues with this which have not be .It is also going to be centralize so very easy for a government to tax and steal your assets .
Currently bitcoin is like fiat technically the writer is right but the actual value of the dollar is also zero by the same standard
Currently bitcoin is like fiat technically the writer is right but the actual value of the dollar is also zero by the same standard
The WSJournal article says if BTC is to change dollar, its current value is 0. Plus the ways of possible transactions with BTC is very limited and it requires spending lots of energy (who can explain the part with the energy spending?).
On the other hand if in future BTC would depend on gold, its value will be stable and it won't be opened to any fluctuations at all.
What do you guys think about that?
The value of bitcoin is depend on the people who want it, for example if I have 1 btc then I offer you to buy it using $5000 but you only agree if the price is $4500, so the price can be determine by the final price that we deal. It is about bargaining. On the other hand if in future BTC would depend on gold, its value will be stable and it won't be opened to any fluctuations at all.
What do you guys think about that?
In my opinion less than 1% of the population of the USA know what a bitcoin is. Thus in this respect I can agree with what you are saying. To become the true currency of an entire nation much effort has to be done. The number of merchants accepting it has to increase, the number of transaction has to grow up, the network has to be extended, many othet things have to happen. But we are on the good way for this to happen.
Everythig begins with a step, isn't it?
Everythig begins with a step, isn't it?
There are nearly no hard numbers somebody could use to calculate the true value of a bitcoin.
So to me the true value is whatever the market price for a bitcoin is.
The wsj article claims bitcoin was designed to replace ordinary money. I think that was never the idea.
To me bitcoin was always ment to be used parallel to the fiat system.
So to me the true value is whatever the market price for a bitcoin is.
The wsj article claims bitcoin was designed to replace ordinary money. I think that was never the idea.
To me bitcoin was always ment to be used parallel to the fiat system.
How could bitcoin be depending on gold? That makes no sense at all. Bitcoin is decentralized and it's not depending on other currencies, assets or goods, it's depending on the demand and supply and relations on the market. So many articles with false or half true informations appear everywhere and people trust everything they read without any criteria.
The journalist wrote that article doesn't have a background on cryptocurrency that's why he writes it based on what he knows. Maybe he didn't know that USD and EUR value are already not based on Gold. BTC value is based on the supply and demand of the market, It is impossible to become zero value in technical speaking if there are many countries already implementing the used of it.
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