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Title: : Post by: chodpaba on June 19, 2011, 03:26:48 PM :
Title: Re: What is Bitcoin Worth? Post by: Ruxum on June 19, 2011, 03:44:30 PM http://bitcoincharts.com/markets/
Title: Re: What is Bitcoin Worth? Post by: shady financier on June 19, 2011, 03:47:54 PM I'm just gonna go ahead an bash this quote I like into this thread like a hexagonal peg into an octogonal hole.
Quote "Money and goods are not the same thing but are, on the contrary, exactly opposite things. Most confusion in economic thinking arises from failure to recognize this fact. Goods are wealth which you have, while money is a claim on wealth which you don’t have. Thus goods are an asset; money is a debt. If goods are wealth; money is not wealth, or negative wealth. The value of goods, expressed in money, is called “price”, while the value of money, expressed in goods, is called “value”. Tragedy and Hope Hopefully you'll consider it relevant.;D Title: Re: What is Bitcoin Worth? Post by: Nescio on June 19, 2011, 04:05:25 PM My back of a napkin calc says it's currently worth <$0.80 when you look at the size of the economy using it, my gut says $4 as an investment point for the potential, until very close to zero when the evil mammoths start stomping on it, unless they fail and it could go to several thousand $ in a couple of years (alternatively the $ could devalue to that level), and possibly several million if/when it replaces all other currency.
In other words, this is a useless poll, and this isn't financial advice. ;D |