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Topic: The value of bitcoin? - page 5. (Read 4476 times)

full member
Activity: 826
Merit: 100
July 20, 2018, 10:27:45 PM
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.
there i think that is the essential value of bitcoin, which is used for transactions around the world. not replacing fiat currency, but as a companion, so it facilitates in transacting
member
Activity: 784
Merit: 10
https://streamies.io/
July 20, 2018, 10:17:22 PM
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.
member
Activity: 208
Merit: 10
July 20, 2018, 08:23:43 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.


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
The value of bitcoin is always inconstistent . it is always flactuating and it doesnt stay for one price value . It is always changing into low and high vaue .
sr. member
Activity: 573
Merit: 251
July 19, 2018, 04:47:23 AM
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.
newbie
Activity: 21
Merit: 0
July 19, 2018, 04:40:59 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
newbie
Activity: 25
Merit: 0
July 19, 2018, 03:41:21 AM
In case of bitcoins also there are mining costs. If you see recent trends, price never dropped to below average mining costs.
newbie
Activity: 114
Merit: 0
July 19, 2018, 03:33:44 AM
To address the value of bitcoin, there are many problems. If people know how bitcoin is created and how it is used, then that person will consider bitcoin as gold. Those who know nothing about bitcoin, for them bitcoin not worth.
hero member
Activity: 756
Merit: 500
July 19, 2018, 02:45:05 AM
What do you think about the value of bitcoin ? that people like bitcoin like gold have? Bitcoin is like a precious metal bitcoin as measured by the bitcoin values given to each person who realizes it.
Bitcoin is very valuable because it is not for the time being that we check the market only today but we should about the future of bitcoin and the worldwide use of bitcoin. For me bitcoin is the top crypto in the list and will hold this position forever. It will take over the market in the coming days and all other currencies will disappear from the market.
sr. member
Activity: 951
Merit: 250
July 14, 2018, 06:39:19 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.

Right off the bat I can tell you you are partially wrong, at least. The only thing used to value stuff is NOT the amount of work put into producing something. It is the QUALITY in doing so. And there are tons of other factors at play also. For example, why is gold 100x the price of silver? They both take a similar amount of time and effort to mine, yet one is vastly more valuable than the other. It is because of rarity. Silver is available in much greater quantities, and thus is not as valuable as its far rarer counterpart in gold.
as much as i agree with what you were saying. so it is just that we are saying, it is all because of supply and demand, so just like your example why is that gold is more valuable than silver? Of course the supply also matters, just like what you are pointing out, there is almost enough quanitity to supply the needs of people or even more, rather than in gold, or as we speak bitcoin that has only limited supply and almost everybody would strive to get one, so as expected that too many will bid until the price was higher.

Well that would be depends on the person on how are he going to use the coin that he has that agreed in the value form. Bitcoin is a form of sideline job although it is very useful in different way but their is also responsibilities that leading to success in the future.
sr. member
Activity: 2016
Merit: 322
July 14, 2018, 06:19:51 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.
Not the price of everything is being determined by the amount of labor,  there are things that are being determined by the rate of demand for it and one of such things is Bitcoin. Bitcoin price is not determined by the amount of labor,  it is determined by the rate of demand and supply. When the demand for it gets high  you will start seeing the price going high too and the demand is low, the price goes low.
full member
Activity: 434
Merit: 102
July 14, 2018, 05:46:41 AM
Is there really some value for Bitcoin or altcoins? For me, it all looks just a wasted investment. I stopped to understand why to invest in some virtual money, which is not even one of that. It's just a code!
Well you need to research about the crypto then. It is not just a joke because no body has time for jokes in the current era. Also the market cap for Bitcoin, ETH and other crypto are worth millions and billions of dollars and one might ponder how big they could grow more. Besides, look at the number of users of Bitcoin and its status in countries like America and European countries. It has made life much easier. Not a joke.
hero member
Activity: 644
Merit: 500
July 11, 2018, 07:10:17 AM
Since the starting of bitcoin a few number of people invest into bitcoin.But now a lot of number peoples invest into bitcoin because bitcoin is promising crypto coin and very potential coin.peoples gain profit to invest into bitcoin.In a word bitcoin become a valuable thing to the peoples.



I think most people would say is the only thing that makes people like at first sight to bitcoin and about OP not know note the past or the history of price bitcoin. you can know that use the chart market cap coins and historical data for bitcoin. in the world of bitcoin, volatility cause increased ridiculous value bitcoin
We see that value of Bitcoin alters with demand of people for it which changes in different times. It makes the market unstable and due to this unstable market we can not say that how the value acts.

Now the current market shows that demand rate has increased a little from past few days that are why the current value improved a little to 6.6k dollar this morning it increased a little more so situations are getting fine and we expect that it follow a further increase trend.
sr. member
Activity: 994
Merit: 256
July 10, 2018, 05:01:42 PM
The value of BTC will increase with the passing of time. The value of BTC will increasingly appear in its financial influence and market price influence.
Bitcoin value will be high more and more because bitcoin is getting famous ad high in value and price, now in the whole worlds people are investing in bitcoin because they trust and they support bitcoin, all investors and those who have faith bitcoin are taking an active part in the progress of bitcoin value, long ago bitcoin was just a small town famous but now bitcoin is world famous and it is getting high in value day by day.
newbie
Activity: 179
Merit: 0
July 09, 2018, 05:10:46 AM
Is there really some value for Bitcoin or altcoins? For me, it all looks just a wasted investment. I stopped to understand why to invest in some virtual money, which is not even one of that. It's just a code!
member
Activity: 949
Merit: 48
July 09, 2018, 04:38:55 AM
The value of BTC will increase with the passing of time. The value of BTC will increasingly appear in its financial influence and market price influence.
The value of bitcoin depends on us. It's user make it more popular and more interesting and it really helps a lot. We really need to make support on bitcoin because it has a big help and it can make us become more profitable in the near future, but for now we need to hold for good because the market is not that health as before.
member
Activity: 258
Merit: 10
July 09, 2018, 04:12:50 AM
The value of BTC will increase with the passing of time. The value of BTC will increasingly appear in its financial influence and market price influence.
hero member
Activity: 966
Merit: 517
July 09, 2018, 03:36:06 AM
bitcoin prices are strongly influenced by the very high demand and the depletion of total supply of bitcoin available, as long as bitcoin is difficult to obtain then bitcoin will also be more expensive.
Current value is 6.3k dollar which is still a low price and this price came after passing by its lowest price of this year. The market value may increase in the upcoming days because we are with the stable value of 6.3k dollar from about three days which is showing stable support. If this market has more investments these days then we will see a better market soon because this will improve the market value.
member
Activity: 488
Merit: 10
July 07, 2018, 08:15:28 AM
for us now the value of bitcoin with low value, although now its low value we will not panic and will not worry, I am sure that in a short time the price of bitcoin will rise again. so now is a very good time we can get a lot of bitcoin, because we will also get more profit by waiting for the price to go up.
Rather you must know the opportunities and chances hidden in this low value tenure. Bitcoin is always there to help us. And right now the time is exact, just make some wise moves and think over best strategies. Plan them and make your profile strong. Just get into this world and even when prices are low, get some money and buy bitcoin. That would be the start of best era of your life.
It is still valuable and the reason is that more and more people are investing in bitcoin and the market cap is still on top. People trust bitcoin the most and that’s why they are putting their money in bitcoin. It is a unit of blockchain technology and blockchain is the future technology for the whole world. Be patient and wait for some time to see the facts.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
July 06, 2018, 08:54:52 PM
Well i think bitcoin worth more than gold right now and have bright future in financial market also I'm very sure the bitcoin is important now to every traders


That is clear and facts, even bitcoin values are much higher than other investment assets, such as traditional investment assets such as gold.  The future of bitcoin values is uncertain, but may rise sharply in November and December by the end of this year.
The value of bitcoin will go bullish for sure before this year end like what happened to bitcoin back in 2017 where bitcoin goes up really fast. The value of bitcoin is still cheap because its supply is very low and just imagine if the demand for bitcoin will go up really high then it means that bitcoin will have a really high value.
sr. member
Activity: 532
Merit: 255
July 06, 2018, 07:05:51 PM
Well i think bitcoin worth more than gold right now and have bright future in financial market also I'm very sure the bitcoin is important now to every traders


That is clear and facts, even bitcoin values are much higher than other investment assets, such as traditional investment assets such as gold.  The future of bitcoin values is uncertain, but may rise sharply in November and December by the end of this year.
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