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Title: So it's fair to say bitcoins are worth $5 bucks? Post by: Blackout on October 01, 2011, 07:09:15 AM This is the longest run I have seen where they are pretty much stable at 5 bucks with a little up and down movement but they have been at 5 bucks average for a month now. Agree? Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: worldinacoin on October 01, 2011, 07:11:05 AM Nope just because it hovers around $5 for a certain period of time does it make it worth $5 at all. The time window you are looking at are far too narrow, IMHO.
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: finway on October 01, 2011, 07:41:09 AM nope, the needs are incresing in China.
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: theymos on October 01, 2011, 08:03:24 AM The price was under $0.01 for much longer.
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: d.james on October 01, 2011, 08:29:54 AM we'll meet in the middle then, $2.51 it is!
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: worldinacoin on October 01, 2011, 08:42:08 AM Set! How many bitcoins do you have? I am willing to buy them all up at $2.51 :)
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: Serge on October 01, 2011, 03:50:25 PM We're not anywhere near term 'stable' but they're worth 5 bucks at the moment =) can we find at least one person who is certain the same rate will be in a month, two, six, etc.? we're not even certain of tomorrow as it can shoot off the charts in either direction at any moment
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: cbeast on October 01, 2011, 03:57:17 PM I prefer the term 'cheap' to stable. Wait for it...
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: evoorhees on October 01, 2011, 04:20:25 PM Bitcoins are worth thousands of dollars. We'll see how long it takes for people to realize this :)
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: P4man on October 01, 2011, 09:30:24 PM Bitcoins are worth thousands of dollars. We'll see how long it takes for people to realize this :) If you realize it already, you can buy all my bitcoins for just hundreds of dollars :) Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: bitcola on October 02, 2011, 06:28:13 AM I agree with the OP, if anything it has hit long term support. I've bought in for the first time, 15 BTC initial investment.
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: Gregers on October 02, 2011, 05:34:29 PM I figure if it's a little more stable now, maybe it'll be more useful. Of course, trying to sell a lot of coins at once in such a shallow market isn't going to work very well, so I'm limiting myself to only a handful.
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: jjiimm_64 on October 02, 2011, 06:15:27 PM Bitcoins are worth thousands of dollars. We'll see how long it takes for people to realize this :) I agree with this. problem is I have to give up about 2/3 just to pay the electric :( I think the very bottom is cost of electricity to produce.. so roughly 3? 3.5? Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: Xenland on October 02, 2011, 06:20:47 PM Looks like nobody is making money off these things due to electricity costs... but Hey! Atleast we are getting expensive video card hardware for free in the end ;)
I can see it now... everyone that was into bitcoins now turns into a "Used Video Card Retail Store" LOL Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: P4man on October 02, 2011, 06:26:56 PM You can already see the effect on prices for used 5850s and 5870s. A local forum where I usually buy my second hand stuff is getting flooded by ex miner cards, and they are going cheap or not getting sold. Im holding off a bit longer, when the real fire sale begins. Then pick up a bunch and hopefully enjoy a profitable few months if BTC price starts to rise and difficulty lags enough.
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: P4man on October 02, 2011, 07:42:54 PM Its a belgian forum, 9lives. 5870s going for 125 euro. 5850s for ~90
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: SmokeAndMirrors on October 02, 2011, 10:06:36 PM I like the price range BTC has been sitting in recently. Not too little, not too much.
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: jjiimm_64 on October 03, 2011, 01:32:09 AM Its a belgian forum, 9lives. 5870s going for 125 euro. 5850s for ~90 Crap, too bad, I'm in USA. Shipping kills the savings. Thanks I seen a 5870 on ebay last night for 175 usd. that is about the same. Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: ineededausername on October 03, 2011, 02:08:15 AM Well in July we pretty much had the same thing and look what happened.
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: nmat on October 03, 2011, 02:22:30 AM Well in July we pretty much had the same thing and look what happened. Exactly. Look at the last 10 days of July. At the time everyone said that a bitcoin was worth $14. Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: Elwar on October 03, 2011, 11:40:47 AM Quote So it's fair to say bitcoins are worth $5 bucks? No. It is fair to say bitcoins are worth $5. or Bitcoins are worth 5 bucks. But it is not fair to say bitcoins are worth $5 bucks. ;D Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: codemojo on October 03, 2011, 07:57:27 PM 5 seems like a nice number.
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: Blackout on October 03, 2011, 11:46:53 PM I bought a big crap load when they hit $4
Title: Re: So it's fair to say bitcoins are worth $5 bucks? Post by: P4man on October 04, 2011, 10:38:36 PM It's difficult enough to set price on bitcoin, isn't it? Why don't we just say it is worth $100 for all of our sakes? Good idea, I agree. Now, you want to buy my bitcoins? :D |