What is the least you would buy for 1BTC?

jdbtracker

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Quote from: tonto on April 23, 2013, 04:32:07 PM

Quote from: jdbtracker on April 23, 2013, 04:28:35 PM

Quote from: tonto on April 23, 2013, 04:22:00 PM

I think gold is priced too high, and I think BTC is priced too low - therefore I would trade one of my btc off for a one troy-ounce bar of gold (.9999 pure)

dude you have gold? how many bitcoins do you want?

No I said I would buy a gold bar.

I do have a few one troy ounce bars of silver, which I purchased when bitcoins were approx $5 ea.

If you honestly want to buy gold with bitcoins, then check out these guys. I bought my silver bars from them

http://www.coinabul.com

I wouldn't mind buying some right now, the contracts for the 10 year gold futures expired and looks like no-one is interested in bringing it back up, but i'm sure sooner or later once these people cash out the price will go back up. Those contracts gotta be filled one way or another.

http://profit.ndtv.com/news/cheat-sheet/article-five-reasons-why-gold-has-hit-a-2-year-low-320932

tonto

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Quote from: jdbtracker on April 23, 2013, 04:28:35 PM

Quote from: tonto on April 23, 2013, 04:22:00 PM

I think gold is priced too high, and I think BTC is priced too low - therefore I would trade one of my btc off for a one troy-ounce bar of gold (.9999 pure)

dude you have gold? how many bitcoins do you want?

No I said I would buy a gold bar.

I do have a few one troy ounce bars of silver, which I purchased when bitcoins were approx $5 ea.

If you honestly want to buy gold with bitcoins, then check out these guys. I bought my silver bars from them

http://www.coinabul.com

jdbtracker

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Quote from: tonto on April 23, 2013, 04:22:00 PM

I think gold is priced too high, and I think BTC is priced too low - therefore I would trade one of my btc off for a one troy-ounce bar of gold (.9999 pure)

dude you have gold? how many bitcoins do you want?

tonto

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I think gold is priced too high, and I think BTC is priced too low - therefore I would trade one of my btc off for a one troy-ounce bar of gold (.9999 pure)

jdbtracker

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Right now it's trading for $140.00 for BTC1. but since it has a long way to go... I would say realistically right now the value of one...hmmm... about $1000.00 USD / BTC1 BTC

That would give it a market cap of $21,000,000,000.000 USD.

has anyone seen the node map on the blockchain.info site? The number of Bitcoin users has not dropped it just gets bigger and bigger.

http://blockchain.info/nodes-globe?series=48hrs

I'm seeing spots popping up in the middle of Africa man!!! Africa!!! Do you know how many cellphones those people have? there's more android phones in south america and africa then in both North America and Europe combined!!! Those people don't even have bank accounts! so I know the valuation is going to get much higher, they'll be getting their first wallet and that will be their first bank account.

w00t

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To sell 1 BTC I would expect at least 1/2 kilo of gold in return (at best in 1 oz portions).

Maybe someone will come with a better idea but that's how I value 1 BTC in long term. Possibly some will disagree but looking at its mobility and divisibility Bitcoin is a winner.

keatonatron

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Jack of oh so many trades.

Quote from: naphto on April 22, 2013, 03:39:02 PM

Probably something that can be lost forever at any time, like a bitcoin.
A name, a picture, maybe even a smile.

Can I please sell you a smile for 1BTC?? Grin

AlgoSwan

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ancap

Quote from: teodor87 on April 22, 2013, 10:25:22 PM

Quote from: AlgoSwan on April 22, 2013, 02:08:18 PM

I would buy 1 oz palladium for 1BTC for now.

From where? I'd like to buy too. Especially when live price is at 676$.

It was my valuation to 1BTC. We have a long way to go that valuation. Even four digits euro valuations for 1BTC is a possibility. All fiat + precious metals = thrash.
Long live BTC

teodor87

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Quote from: AlgoSwan on April 22, 2013, 02:08:18 PM

I would buy 1 oz palladium for 1BTC for now.

From where? I'd like to buy too. Especially when live price is at 676$.

Rockford

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Quote from: naphto on April 22, 2013, 03:39:02 PM

Probably something that can be lost forever at any time, like a bitcoin.
A name, a picture, maybe even a smile.

nice answer

bit777

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Optimistically, since there aren't many bitcoins available, if the growth and demand continues, in 5-6 years from now 1 bitcoin could be worth $5k-$10k or more. Then you could easily buy cars and houses with bitcoins.

naphto

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Probably something that can be lost forever at any time, like a bitcoin.
A name, a picture, maybe even a smile.

AlgoSwan

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ancap

I would buy 1 oz palladium for 1BTC for now.

ManBearPig

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"Don't go in the trollbox, trollbox, trollbox"

Quote from: TiagoTiago on April 19, 2013, 06:54:18 PM

I would like to know what is the cheapest thing you would be willing to part with 1 whole BTC for, in other words, how much is 1BTC worth for you in terms of stuff? Forget fiat and BTC's current price, how much is it worth for you?

ps: after a few replies i'll post my own, don't wanna influence what people think when answering.

Reasonable question.

Can't think of anything specific but something for about £60. So, $90 or so.

I think $100 = 1 BTC has a nice balance too it, feels right.

If I was buying from an individual and not a merchant, I'd offer a discount on the exchange rate for the premium of paying by Bitcoin as I'm BTC heavy, cash light at the moment.

Just my opinion. Yours now?

nobbynobbynoob

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Annuit cœptis humanae libertas

Similar to giantdragon, though I could perhaps part with BTC2 for a high-end PC. Grin

I am more spend-happy with the bitcoins in my live wallet. I value my cold-stored BTC much more highly: "holding for the longest time"!

giantdragon

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At least high-end PC.

TiagoTiago

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Firstbits.com/1fg4i :)

I would like to know what is the cheapest thing you would be willing to part with 1 whole BTC for, in other words, how much is 1BTC worth for you in terms of stuff? Forget fiat and BTC's current price, how much is it worth for you?

ps: after a few replies i'll post my own, don't wanna influence what people think when answering.

Topic: What is the least you would buy for 1BTC? (Read 1456 times)