Infancy stage(s). It is trying to determine its market fair value.
There will be volatility and speculators.
Will it go away? If the internet were to completely shut off then yeah. So it's bottom line value is in the electricity to mine bitcoins, the hardware purchased, and the time to maintain it.
There isn't no "value" to bitcoins other than that was us in the free market give it.
Topic: Valuations (Read 599 times)
Well the issue I see is finding a valuation for bitcoins vs goods.. with prices fluctuating all over the place in terms of fiat currency vs bitcoin, hard to set prices.. over in the selling section I have a 1.2 carat Montana sapphire I cut up for 35 btc. @ $15/btc thats about $525 usd. Here's what they sell for retail.. http://big-sky-gems.com/facetedstones.aspx
I can give this price discount because a friend mined the stone and I cut them. So I'm the manufacturer... But even a deal like this goes un noticed because of lack of familiarity with the product, or market pricing..
Games are easy to price.. hardware too.. If I had a mining rig, I'd be converting a good chunk of the BTC's I get into tangible assets.. leaving enough for speculation on increasing prices.. So do you think tangible assets are a good way to go?? Would you buy them??
I can give this price discount because a friend mined the stone and I cut them. So I'm the manufacturer... But even a deal like this goes un noticed because of lack of familiarity with the product, or market pricing..
Games are easy to price.. hardware too.. If I had a mining rig, I'd be converting a good chunk of the BTC's I get into tangible assets.. leaving enough for speculation on increasing prices.. So do you think tangible assets are a good way to go?? Would you buy them??
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