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Topic: The value of bitcoin? - page 4. (Read 4486 times)

full member
Activity: 994
Merit: 138
August 18, 2018, 01:45:48 AM
Prices on bitcoin and other cryptocurrencies are determined by how much market demand. The price can be greatly increased if the market demand is very large and can also go down if the market demand is only a little. For mining, the costs incurred by miners are not small. They have to incur large costs in payment of electricity, maintenance, equipment damage etc.
member
Activity: 700
Merit: 10
August 18, 2018, 01:23:58 AM
What do you think about the value that bitcoin is having?
Bitcoin makes it possible for investors with the right environment to make a profit and bitcoin makes trading faster and more economical. The most important bitcoin will be for those who prefer investing.

If Gold price determine by labour cost, bitcoin determine by electricity cost. We need good equipment to mine bitcoin and need stable electricity to mine bitcoin. Beside that, bitcoin is store of value and price determined by supply and demand
newbie
Activity: 126
Merit: 0
August 17, 2018, 10:45:51 PM
What do you think about the value that bitcoin is having?
Bitcoin makes it possible for investors with the right environment to make a profit and bitcoin makes trading faster and more economical. The most important bitcoin will be for those who prefer investing.
member
Activity: 350
Merit: 10
August 17, 2018, 08:50:04 PM
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.
We can not deny the huge value of bitcoin to humans, you can see that bitcoin as a breakthrough in 4.0 technology, the market is constantly decreasing in the long run and bitcoin prices will be able to continue to fall sharply next time but you can see that bitoin is the beginning of the new transaction form. All transactions are easy and anonymous.

The value of bitcoins today is starting to grow again from $5k dollars and it was a good sign that there are still a lot of people who are holding their coins and waiting for the price to pump up.
member
Activity: 392
Merit: 10
August 17, 2018, 06:15:54 PM
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.
We can not deny the huge value of bitcoin to humans, you can see that bitcoin as a breakthrough in 4.0 technology, the market is constantly decreasing in the long run and bitcoin prices will be able to continue to fall sharply next time but you can see that bitoin is the beginning of the new transaction form. All transactions are easy and anonymous.
newbie
Activity: 70
Merit: 0
August 17, 2018, 06:14:09 PM
We cannot imagine how bitcoin became famous today, from nonsense to something very valuable as I explained.
Bitcoin is now becoming popular and everyone wants to have it as their investment. Because it is valuable, it becomes increasingly influential in the market. that the price of all goods equals the work of humans involved in their exploitation and that is a very good guide.
We can also find that it is also clear from the costs involved in human work. But at the same time we must show that it is only a rule in a perfect world
hero member
Activity: 756
Merit: 504
August 17, 2018, 06:08:14 PM
If you are a miner the value can matter, but if you're a swing trader it doesn't because it's just the volatility you are after. I never get it why people interested in the long term worry or think about the short term value that much. It doesn't make any difference for me if we drop to $5000 from here or break through $10,000. I don't have targets set I plan to sell at. I just want to ride this market out till we come to a point where the market is so insanely overbought.
full member
Activity: 798
Merit: 121
August 17, 2018, 05:53:25 PM
The value of Bitcoin is increasing day by day.It is very expensive now.It already reached a huge amount of money.So,the value of Bitcoin is high now
The value of bitcoin is continues increasing everyday so that the value are expensive. Although this is very expensive the investor's are continues buying and invest in bitcoin, cause they have trust and believes in bitcoin is continues giving them good profit.
full member
Activity: 266
Merit: 100
August 17, 2018, 04:46:54 PM
Bitcoin is mined by machine and its price will always grow, it all depends on the demand for this coin. Bitcoin is limited and will no longer be issued or printed as a Fiat currency so bitcoin has a future of becoming a single national payment method.
newbie
Activity: 30
Merit: 0
August 12, 2018, 09:23:14 PM
I think bitcoin prices are created purely from a very high demand process and from the difficulty of getting bitcoin making bitcoin very expensive and difficult to obtain because from year to year definitely bitcoin price will be very expensive and the total supply will be thinning.
newbie
Activity: 130
Merit: 0
August 12, 2018, 05:38:34 PM
The value of bitcoin is increasingly increasing because of the miners who mine bitcoin. But surely the supply from the miners looking for it will not be added anymore. Seeing bitcoin is very enthusiastic now it might be enough until the current supply.
jr. member
Activity: 328
Merit: 2
August 12, 2018, 05:34:38 PM
   I really like the concept of bitcoin. For a long term investment it is great to be a dream come true for the future of my family. Bitcoin really changed the life of many people and it will continue as long as bitcoin exist and people continue to patronized it. Bitcoin is very valuable and useful digital currency.
newbie
Activity: 77
Merit: 0
August 12, 2018, 05:21:52 PM

Today a bitcoin value is in good value. During the past year, the value of this bitcoin was $ 20000. It's a great value. The value of this bitcoin is changing steadily every day. And if the demand increases, the value of bitcoin is also increased. As the value increases, investors can also see an increase.
member
Activity: 280
Merit: 10
August 12, 2018, 03:33:09 PM
Of course bitcoin value will continue to increase if the number of users continues to increase, and I'm sure that the rise in bitcoin users will make bitcoin prices can skyrocket anytime.
That would of course happen. The market is up and down and it will stabilize again making investors feel more secure. In particular, it facilitates a boom in economic development.
newbie
Activity: 47
Merit: 0
July 29, 2018, 05:16:04 AM
I want bitcoin to be the only currency in the world.
full member
Activity: 479
Merit: 105
July 29, 2018, 04:37:43 AM
Bitcoin will make many people mistakenly assume that the money is in the form of fiat currencies (USD, euro, yen, ...). But actually the value of bitcoin not through the numbers but the usefulness. and convenient. This is most obvious when you hold and use the bitcoin number without any organization that can intervene and control it. Then, you can use bitcoin to make purchases and payments all over the world. Gender is easy and safe.

That how make a change in the price of bitcoin because of using it to change with local currency. We all know that bitcoin is created for new payment method used itself and accept it in every store. We see is only the value of it and not how it become useful for us to be securely transfer payment or even receiving it. We cannot control the over supply of it because there is mining where easily convert into fiat after getting it.
newbie
Activity: 114
Merit: 0
July 29, 2018, 04:01:40 AM
bitcoin value will continue to increase if the number of users continues to increase,
full member
Activity: 392
Merit: 100
July 29, 2018, 02:40:15 AM
I think, the value of bitcoin is influenced by several factors and bitcoin has often had falling prices but can survive and soon recover so that the value of bitcoin also becomes increasingly higher every year
member
Activity: 784
Merit: 10
https://streamies.io/
July 28, 2018, 11:36:45 AM
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.
That complete that possible happen. The bitcoin future will be used, when they will replace the traditional type. You are all users can be used for bitcoin for payment for clothing, clothing, cash house , print menu, water, close tax, ...
hero member
Activity: 2730
Merit: 585
Leading Crypto Sports Betting & Casino Platform
July 28, 2018, 02:04:45 AM
Its currency price may lead into increasing more,because of possibility that bitcoin is already ligallize in each country in the world for the welfare of its economy
Fair enough. If the mining cost exceeds the price of Bitcoin, it will be useless to mine more and there will be simply no profit in mining Bitcoin. But it will never drop below the minimum cost and we have rather a rise in the current market charts which makes mining more profitable if you are form a country with low cost of electricity. Besides, one can mine using the sustainable energy resources like solar pannels and that can considerably reduce the cost of mining.
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