Topic: The value of bitcoin? - page 20. (Read 4459 times)

Bitcoin is not stoppable so that the reason for bitcoin process value chance every time and every day it will give more information and get the profitable one bitcoin is the value is must check before sell bacon is the booster to the get profit income process and development bitcoin is the analysis to the improve the price spices and it will use full to get the growth and business process bitcoin value is the must for the process.

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

I like the concept of monetary value being a function of #1 time, #2 innovation and #3 productivity(nearly the same thing as labor).

Example the value of bitcoin might be expressed in terms of the #1 time it took to mine all existing coins in millions of hash hours. The relative degree of #2 innovation bitcoin represents as a store of value, as a currency, as a traded commodity on exchanges, etcetera. And the economic/social/financial #3 productivity which occurs as a result of bitcoin's existence.

Of course this is an overly simplistic way of attempting to define value. There are many different facets to bitcoin and crypto's success. It is unfair to overgeneralize only 3 aspects of what is a long list of contributing variables.

If you would have analyzed the market frequently,it was more than $4400 price of BTC. Due to volatility,it can't stay at any fixed value.
Do not look on the dark sides of bitcoin market,the ups and downs will happen always as this process designates its importance more than before.
So yes this is the right moment to make your dreams come true by holding bitcoins.

Today the value of the bitcoin is $4212 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

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.