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Title: Bitcoin has no value - that's why price is too high Post by: waaat? on January 13, 2015, 10:41:29 AM The value of bitcoin is very low.
It's new tech, of course but so are altcoins. The value of something is determined by its useability. With this volatility bitcoins value is low. Price and value are not the same thing. Take it or leave it. Bitcoin won't recover. Only monkeys will buy this later. (and safe me your BitUSD tolling in the thread, thanks) Title: Re: Bitcoin has no value - that's why price is too high Post by: BitCoinNutJob on January 13, 2015, 10:43:33 AM The value of bitcoin is very low. It's new tech, of course but so are altcoins. The value of something is determined by its useability. With this volatility bitcoins value is low. Take it or leave it. Bitcoin won't recover. Only monkeys will buy this later. (and safe me your BitUSD tolling in the thread, thanks) Yet the bitcoin transactions chart is showing bitcoin making record highs, seems like its becoming more useable not less. Title: Re: Bitcoin has no value - that's why price is too high Post by: BCwinning on January 13, 2015, 10:43:40 AM you're the one trolling. Crying the blues over value.
Title: Re: Bitcoin has no value - that's why price is too high Post by: Wolf Rainer on January 13, 2015, 10:45:43 AM The value of bitcoin is very low. It's new tech, of course but so are altcoins. The value of something is determined by its useability. With this volatility bitcoins value is low. Price and value are not the same thing. Take it or leave it. Bitcoin won't recover. Only monkeys will buy this later. (and safe me your BitUSD tolling in the thread, thanks) There are more than 6 billons invested in hardware for mining and providing services for bitcoin... So how it has no value? Stop trolling. Title: Re: Bitcoin has no value - that's why price is too high Post by: medUSA on January 13, 2015, 10:55:37 AM Subject: Re: Bitcoin has no value - that's why price is too high Bitcoin has purchasing power. It is useful, it offers a "transfer of value service" as a payment system. Most believe it has investment value. Price being too high or too low is subjective. Your assumption that bitcoin has no value is misguided. Title: Re: Bitcoin has no value - that's why price is too high Post by: Spaceman_Spiff on January 13, 2015, 10:55:49 AM There are more than 6 billons invested in hardware for mining and providing services for bitcoin... So how it has no value? Stop trolling. I am a bull (long-term), but pumping money into something doesn't necessarily make it valuable (see any scam investment for reference) Title: Re: Bitcoin has no value - that's why price is too high Post by: Wolf Rainer on January 13, 2015, 11:02:25 AM There are more than 6 billons invested in hardware for mining and providing services for bitcoin... So how it has no value? Stop trolling. I am a bull (long-term), but pumping money into something doesn't necessarily make it valuable (see any scam investment for reference) Bitcoin core itīs mining... And the mining hardware worth more than 6 billons, so the price of bitcoin itīs extremely LOW, itīs under manipulation. |