Topic: The value of bitcoin? - page 17. (Read 4486 times)

I don’t think they are able to predict anything, they just guess and call a high price knowing that it will one day reach that rate. And for how the price of Bitcoin is determined, I believe it is not by the level of labor that is being put in, it is by amount of investment that was made by investors.

One of my friends normally says the Bitcoin price is mostly speculations, but as someone who is on the side of Bitcoin, I wouldn’t say such thing. As for predicting the market, it takes a lot of experience to do that, but not all predictions works.

The value of bitcoin now a days is becoming more predictable for the early investors of bitcoin. One of my friend, who is one of the few people I knew who believes in bitcoin back in days and invest why bitcoin is on its earlier stage. He once told me a forecast about whats going to happen on bitcoin in the month. And the month after, the thing that he told me to happen really happens. That is how experienced investor be like when they already become knowledgeable on the market trend of bitcoin.

The value of bitcoin depend on a lot of things the most important one would be how much people know about it and invest in it and trust it a lot of people because we all here want to have some bitcoins and that is already a lot of people.

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.

The value of bitcoin now a days is becoming more predictable for the early investors of bitcoin. One of my friend, who is one of the few people I knew who believes in bitcoin back in days and invest why bitcoin is on its earlier stage. He once told me a forecast about whats going to happen on bitcoin in the month. And the month after, the thing that he told me to happen really happens. That is how experienced investor be like when they already become knowledgeable on the market trend of bitcoin.

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

yes i agree on that the value of biycoin is really depend on the movement of the demand and usage in a market place because if no one use btc and no one invest on it it will really go down and it cant survive .i believe bitcoin is really amzing that is why its price now a days getting warmer and it has a great demand leading its price to heading up.

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.

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.

yes i agree the value of bitcoin is really increasing and it is all because btc today is getting popular .i believe that btc is getting stronger each day with the high value because of its great demand in the market place because that was really the cycle of the market if the item has a high demand the will rise and also with the value it is aleays correspond buy the moving or maybe the work of bitcoin it really works and many people gain through it that is why it is now having a high price.

The value of bitcoin are the economic status and its is a digital currency system ,the value of the bitcoin it's been increased day by day and today rate was $7286 so in future it increased very high and it's touch arround the $10000 this vaules

Right now miners are making a fortune that is why I find very doubtful they are going to move most of their hash power to other coins as they have threatened to do with the new fork of segwit2x, they have probably made more money in this year alone than in many of the previous years it will not make sense to throw that away especially since they are all competitors and if a miner moves to another coin then that leaves the road open to the rest of the miners to get even more profits.

During last year bitcoin miners were not really getting a lot out of mining bitcoins but with the recent surge in the price of bitcoin, mining bitcoins has become even more profitable then it used to be and now miners who have spent a lot on their mining equipments are actually making money, bitcoin mining is no longer a hobby but a profitable venture.

The government only say that may accept bitcoin in the future. The real action I see. I think they are only playing for time in order to come up with effective methods of dealing with cryptocurrency. Bitcoin is not profitable for any state. But it seems to me that attempts to levy a tax on the users of bitcoin will. Why do we have such legalization?