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Topic: Why The Fair Price Of Bitcoin Is $0 - page 3. (Read 2560 times)

newbie
Activity: 57
Merit: 0
December 06, 2013, 01:56:40 AM
#2
The actual price is highly speculated. Nobody is buying bitcoins to buy pizzas, they are buying bitcoins to sell them at a higher price for real money like dollars and euros. Maybe in the future this fact will change but i doubt so.
sr. member
Activity: 364
Merit: 251
December 06, 2013, 01:44:43 AM
#1
http://www.businessinsider.com/the-fair-price-of-a-bitcoin-is-zero-2013-12

This is a great article and very "to the point" about bitcoin.
Many people will complain about it, detractors who support bitcoin, but the article makes 100% perfect sense to me.

What do you guys think?

My main argument right now against the $1000 value, despite how many I hold and the increased profits I have attained, is the following:

Bitcoin is mainly for 2 purposes.
For a relative amount of anonymity.
For the ability to send transactions, full proof, over thousands of miles, virtually cost free.
Both of those are key values of bitcoin.
However, now there are many alternative cryptocurrencies that accomplish the same thing.

All we need is (1) to work with at any given time and it does not have to be a single chosen "ONE", like bitcoin.
It can be almost any of them that are built to last.

So, if the value is not in the bitcoin itself, then it has no specific value other tha nit's primary purpose for which it's most useful. the ones I just outlined.
Thought?





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