Topic: The value of bitcoin? - page 10. (Read 4486 times)
we can not say that bitcoin is valuable but bitcoin is more than valuable like it is work as multi functional currency and in the present time bitcoin is the key to success so we have to do a job for bitcoin and to trade these coins for profit motive.
Bitcoin is not the bubble, few years ago there was some people, who said the same, and yet I am still here, and I am still making my life better by working here at crypto, left my regular job a half year ago. Never regret.
Nice, it's good to know that there are some people now that really getting good profit in bitcoin. The price of bitcoin is improving well even though it continues to fall soon it will rise again and will surpass its ath price before.
People will always get profit no matter how small they will be investing because there are a lot of people who knew about cryptocurrency and the popularity is keep on spreading due to different social media's who are actually advertising the news which is very tempting to invest.
I think bitcoin now is more popular to many people and countries.Because many people dump the price to buy cheap bitcoin to expect earn profit in the near future.Young,old all people are interest in to bitcoun.Because the value of bitcoun is unpredictable.
If the gold value was based on what it takes to mine it then the price wouldn't be so high. After all, they use slave children to mine and pay the families peanuts. There are several but the most significant parameter is the quotation established by the "fixing".
If the volatility is not something that people can handle then the cryptocurrency market is certainly not for them. Because there is not a lot much more volatile than cryptos
If the volatility is not something that people can handle then the cryptocurrency market is certainly not for them. Because there is not a lot much more volatile than cryptos
But in the end we cannot controll the value of both gold and bitcoin, and we should also be volatile just like bitcoin so we can adjust wisely to its constant value
Bitcoin is not the bubble, few years ago there was some people, who said the same, and yet I am still here, and I am still making my life better by working here at crypto, left my regular job a half year ago. Never regret.
Nice, it's good to know that there are some people now that really getting good profit in bitcoin. The price of bitcoin is improving well even though it continues to fall soon it will rise again and will surpass its ath price before.
Gold is gold material, oil is black gold, bitcoin is gold of cryptocurrency
Bitcoin is not the bubble, few years ago there was some people, who said the same, and yet I am still here, and I am still making my life better by working here at crypto, left my regular job a half year ago. Never regret.
For real time we have a little stability with a price for Bitcoin, but it can always changed, i think it can rise to the end of the year, or just right in the beginning of next.
I think this is now time to hold our breath because price is gonna rise so high this time, we need to have bitcoin now at low price because coming price of bitcoin will be very high, some experts have predicted the price of bitcoin as highest at the end of 2018 and it will be more than this at the beginning few months of 2019. I am sure bitcoin will be high in price this year and we will end up 2018 celebrating the highest price ever.
From something that I read a few months ago, the value of mining one Bitcoin was around $5,000. And some people believe it won't go below that because of that's how much it cost to produce.
Adams Smith wrote that the price of all things are equivalent to the human labor involved in their exploitation. The price of gold is determined by the cost in human labor to mine it. It can then be exchanged for another commodity which takes an equal amount of labor to create it.
Over time I have been able to find ways to place a price on stocks which I can use to evaluate what their value is to me. I can then buy and sell based on what I determine as value at any time.
I’m not a currency speculator but I also believe the US dollar is being killed. I don’t like having much of a cash position but would rather be fully invested. At this time what I see is a highly inflated value of the S&P 500. Any bonds other the very short term bonds come with too much risk tied to the Feds low interest rate policy and the increasing money supply along with quantitative easing which is placing too much fake money on the Feds balance sheet.
After many years I have developed a feel or intuition to tell me when prices are out of line. When it comes to bitcoin I am at a loss. I like the core concept of bitcoin and long term it seem like it will all work out but it’s value is another issue. I just don’t have a feel for what it’s worth in exchange for food, a house, a car, gold equivalent. It seem that it should be relatively close in value to the cost incurred by the bitcoin miners. How do I find out what the current cost is to mine bitcoins. It cost to mine a well know number kind of like the PE for a stork or index?
I have started to buy small amounts which I plan to hold but I really don’t like the volatility. It is also difficult to invest in something when I don’t really have any history to give me a clue of somethings value. I doubt I would hold if bitcoin went over 5000. It seems to be moving a bit too fast.
In the last you mentioned that it is a much difficult thing for us to make Investment in the volatility prices , but here I would like to ask that from which point you are looking over this thing , if bitcoin's price will not fluctuate then what will be profit to have bitcoin in our life and how we will be able to make trade , here volatility is a main part of the bitcoin which gaves us opportunity to buy at low and sell at high ( make money without loss of money and much time ) .Over time I have been able to find ways to place a price on stocks which I can use to evaluate what their value is to me. I can then buy and sell based on what I determine as value at any time.
I’m not a currency speculator but I also believe the US dollar is being killed. I don’t like having much of a cash position but would rather be fully invested. At this time what I see is a highly inflated value of the S&P 500. Any bonds other the very short term bonds come with too much risk tied to the Feds low interest rate policy and the increasing money supply along with quantitative easing which is placing too much fake money on the Feds balance sheet.
After many years I have developed a feel or intuition to tell me when prices are out of line. When it comes to bitcoin I am at a loss. I like the core concept of bitcoin and long term it seem like it will all work out but it’s value is another issue. I just don’t have a feel for what it’s worth in exchange for food, a house, a car, gold equivalent. It seem that it should be relatively close in value to the cost incurred by the bitcoin miners. How do I find out what the current cost is to mine bitcoins. It cost to mine a well know number kind of like the PE for a stork or index?
I have started to buy small amounts which I plan to hold but I really don’t like the volatility. It is also difficult to invest in something when I don’t really have any history to give me a clue of somethings value. I doubt I would hold if bitcoin went over 5000. It seems to be moving a bit too fast.
So why you are thinking that it is something wrong .
Now come at the point where you said that you have Doubt that price will rise to $5000 , why you are thinking that its price can't go to this level , already price of bitcoin reached in the past to $22000 then why you have Doubt .
In my opinion you just need to wait for the perfect time where bitcoin will show himself as a big strong economy power of the world then surely there will be no doubt remain in your mind against bitcoin .
As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for value of Bitcoin.
Definitely, and most especially not even a decentralized one that is still in its early age. I remembered how volatile gold was as well in its early stage when it hit the market, which makes it normal to see things like this until we start seeing more smart moneys entering the market, huge growth coming up in the future, capitalization increasing to top notch and a lot more. We just have to deal with how things are for now, to enjoy the future at the end.
BTCitcoin is the digital gold , this how much I value BTCitcoin right now
, bitcoin doesn't have long history to look in to but I think is the technology that people are waiting for because it provides freedom and privacy to people. Bitcoin is decentralized and bitcoin volatility happens as a result of market correction as you may already know that might happen to gold or stock as well. Bitcoin value go up and down but at high range sometimes unlike USD, Gold or Stock. Perhaps bitcoin volatility will stabilize more in years to come when more people invested in to it guess.
The movement of a market is always going to be normal and there is nothing we can actually do about it anyway and like you said, it happens to every other asset or currency even though they may not be as volatile as this one, but I believe in the long run when we get to see the market capitalization increasing hugely, there is still a huge possibility to see some little bit of volatility, but since it is still a decentralized market, a single entity will not be there calling the shot. Your analysis is base with focus on the dark side of bitcoin and again only the value of gold is determine by human labor, due to volatility bitcoin can never have a fixed or stable price and at that expecting bitcoin to become stable can only be imagined. The value of bitcoin is in it demands once the demands is effected either negative or positive direction it reflect on the Price.
A G R E E D
right now, bitcoin value depends on the price which is getting lower than the last year or even in the early of this year. but someday, after this is over, the bitcoin value of the price will increase higher. but we still on the higher price if we compare with the early of 2017 and actually, we still make a bigger profit depends on the last year. and soon, the bitcoin price will increase higher and perhaps it will reach more than $20k because bitcoin has potential to increase more than that price.
Indeed, Bitcoin has high potential that could make itself more valuable compared before. I am pretty sure that this dip is just temporarily hence, we should buy and gather all coins as much as possible because after this year or at the end of this year we will gradually feel the changes we wanted to happen. Bitcoin has a bright future ahead of it so keep believing, keep our faith on it and it will be worth. hero member
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right now, bitcoin value depends on the price which is getting lower than the last year or even in the early of this year. but someday, after this is over, the bitcoin value of the price will increase higher. but we still on the higher price if we compare with the early of 2017 and actually, we still make a bigger profit depends on the last year. and soon, the bitcoin price will increase higher and perhaps it will reach more than $20k because bitcoin has potential to increase more than that price.
Your analysis is base with focus on the dark side of bitcoin and again only the value of gold is determine by human labor, due to volatility bitcoin can never have a fixed or stable price and at that expecting bitcoin to become stable can only be imagined. The value of bitcoin is in it demands once the demands is effected either negative or positive direction it reflect on the Price.
Some people think that Bitcoin is a new Gold, it has all the elements to store value, such as: immutability, difficult mining, can not be destroyed, and a limited supply. If Bitcoin becomes Gold of the new generation, its value would be around 300,000 USD per Bitcoin. In this case, Bitcoin becomes the strong currency, has the global value (such as the nature of the dollar), the total market capitalization reaches at least 5 trillion. If under the "Vision of satoshi" when 1 shatoshi = 1 cent, then the official Bitcoin Bitcoin worth 1 USD = 1,000,000.
Today the value of the bitcoin is $6500 and day by day it will increase only . The price of gold is determined by the cost in human labor to mine it. It can then be exchanged for another commodity which takes an equal amount of labor to creaissue . I like the core concept of bitcoin and long term it seem like it will all work out but it’s value is another issue and this are the value of bitcoin.
Bitcoin value now is very low compare from last year to January this year, but I think bitcoin now is more popular to many people and country because many people dump the price to buy cheap bitcoin to expect earn profit in the near future, because the value of bitcoin is unpredictable.
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