Dammit why does fiat money have to be that slow. I deposited enough to buy 50BTC on thursday, still havnt gotten the transfer through. I have been refreshing my balance so many times the last days, and now this
I know everyone wants "cheap" coins but you may want to think about "fairly priced" coins. There is nothing wrong with purchasing something that is priced fairly.
Cut the current price in half and that would be about "fair".
That would be $54 a coin. That is just as ridiculous as stating the fair price should be $265. You are going to have a hard time finding anyone agrees with you when the consensus is the fair price at this moment is $108.
How do we evaluate BTC? If we approach it like a stock and talk about earnings, supply and demand, etc., we can see there aren't large earnings but there sure is supply and demand with this low float "entity".
We also can look at it like a commodity, or as a store of value, but these days it is too volatile for that. (But it still must be factored in considering it is a revolutionary monetary tool.
But, just looking at using Bitcoin as a replacement for a small percentage of Credit Card transactions, Western Union transactions, etc, we can evaluate Bitcoin at over $1000 EASY. That is not right now.
BUT,
who evaluates a new disruptive "stock" at "right now" performance? Anyone remember Amazon, Ebay, etc. in the late early days? They were trading at 50, 75 or more times earnings. You do that with disruptive Black Swan technology.So, I can't agree with a low price now, but it may very well happen as we have things, like government, price manipulation, scared investors, etc. there beyond our control. But if we don't get shut down (which really would be tough), we are looking at evaluations that make my $1000 price seem small. Just do the math, simple math... Oh, my bet is that more than likely we are on the Forex in the next couple of years... that is when things go Boom (to boot).
