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Title: del Post by: myself on January 09, 2012, 12:56:38 PM del
Title: Re: 6.5 the new stable price ? Post by: ArsenShnurkov on January 09, 2012, 01:00:05 PM so you ppl like round numbers like 6.50 for a stable price ? whey like 6 (10 people) and 4 (4 people) I asked (https://bitcointalk.org/index.php?topic=56712.0) before But answers was lost, when i tried to reopen it Title: Re: 6.5 the new stable price ? Post by: GeniuSxBoY on January 09, 2012, 01:01:37 PM Title: Re: 6.5 the new stable price ? Post by: Nesetalis on January 09, 2012, 01:09:22 PM +1
agreed. Title: Re: 6.5 the new stable price ? Post by: ArsenShnurkov on January 09, 2012, 01:11:02 PM 85% of ppl lie on polls In russia there are 146% ppl lie on elections. My estimation of eqilibrium price = (7+2)/2 = 4.5 Title: Re: 6.5 the new stable price ? asterisk at 6.53 Post by: BadBear on January 09, 2012, 01:13:49 PM Yes it's been a whole five minutes, I'm sure everything will be fine now! Don't Buy!
Title: Re: 6.5 the new stable price ? Post by: chsados on January 09, 2012, 01:16:20 PM so you ppl like round numbers like 6.50 for a stable price ? whey like 6 and 4 I asked (https://bitcointalk.org/index.php?topic=56712.0) before But answers was lost, when i tried to reopen it 73.6% of all statistics are made up on the spot. :D Title: Re: 6.5 the new stable price ? Post by: Piper67 on January 09, 2012, 01:17:49 PM so you ppl like round numbers like 6.50 for a stable price ? whey like 6 and 4 I asked (https://bitcointalk.org/index.php?topic=56712.0) before But answers was lost, when i tried to reopen it 73.6% of all statistics are made up on the spot. :D There are only 10 kinds of people in the world, those who can count in binary and those who can't :-) Title: Re: 6.5 the new stable price ? asterisk at 6.53 Post by: Desolator on January 09, 2012, 06:34:31 PM Bitcoin is too simplistic of a system to have a "stable" price. There's no, for example, physical mining costs and industrial usage level and technology-usage dependency and shipping costs, all of which relate to gold and affect gold prices. There's just how many people want it compared to how many people want to sell it compared to how many are being produced (the last of which is pretty static). So as soon as:
# of BTC wanted + # of BTC being mined = # of BTC being sold, there will be no stable price. And it's extra dynamic because people don't really care how much it costs. Basically not a single product or service anywhere in the world costs a static amount of BTC. If $10 buys 1 BTC or $5 US buys 1 BTC, you're still going to use it to buy $10 or $5 US worth of products or services for that BTC. It could be $100 for 1 BTC and you're going to get $100 worth of products or services for that 1 BTC so the value doesn't matter. As long as the price doesn't change, the price is irrelevant. It'd certainly be nice if someone said here's some service, it costs 5 BTC regardless of USD value, and that's that but nobody's going to do that on a large scale anytime soon. Talk about an unpredictable accounting/budgeting nightmare! Title: Re: 6.5 the new stable price ? asterisk at 6.53 Post by: cypherdoc on January 09, 2012, 10:25:46 PM what would be classic is if we get a false descending triangle signal at 6.0 like we got at 7.2 with the false ascending triangle signal.
Title: Re: 6.5 the new stable price ? asterisk at 6.53 Post by: ArsenShnurkov on January 09, 2012, 10:39:14 PM if we get a false descending triangle signal at 6.0 We are doomed, It is corridor... |
