Bitcoin Forum

Hoping to get a feel for market sentiment.

Users are allowed to change their vote. Please come back and change it as the price changes!

I feel bitcoin would be fairly valued at around $100 risk/reward wise at the current state.  Thats a very rough and subjective estimate though.  
Obviously I am not willing to pay that much for it atm, especially with prices appreciating as fast as they are now.

100 troy ounces of gold.

i have to vote 23... because if someone wanted to sell me a bitcoin for 23$ and i can sell it for 24.50... i just made 1.50$ with a few clicks.. so why not ....

~$14 to $16 since we are over-due for a healthy correction and the economy needs to develop more.

You're making it more confusing than it needs to be. I'm simply asking at what price you would feel comfortable buying a bitcoin. If you believe currently that a bitcoin is $50 and it's $25, you would presumably buy it until it hit above $50. I will try and think of better wording, but I felt it was clear.

I already changed the wording. Better?

I have no clue! I swear I checked the check box to enable users to change their vote, and yet I can't change mine either. When I edit the poll, the box isn't there to edit, it only appears when you make the topic. I'll have to reset it all the time if users can't change their vote.

I could see myself throwing down 1K for 10 bitcoins, so I voted 100. but that would also include a psychologically stable growth and optimistic future.

I usually buy $200 worth with each paycheck regardless of the price.  So at $200/btc I will stop buying 1 bitcoin and start buying fractions of a bitcoin

people have this weird idea about how much bitcoins worth......... but it goes like this. If the price has been 20 dollars for a couple days all the sudden they feel it's worth 20. if it's a thousand dollars for 3 weeks they will feel a lot differenty. There isn't a price I'd stop buying bitcoins... i'd dollar cost average even if they were 2 thousand each.

$10

true for the most part.  OTOH, when I really started looking into bitcoins, I did some calculations of what I thought they could be worth in the most rosy scenarios, tried to (very very crudely) determine for myself how big I thought the risks were, and came to the conclusion that i thought bitcoins were still very cheap at $12-$13, despite the fact that they had been there for a while.

Develop more so you can justify a higher price...do it noW!

 :D

An exchange is a better tool than a poll for answering this question.

I'm a long-term bull, but I'm not buying at these levels. The best strategy is the simple old adage buy low, sell high. But since prices are relative, even though I won't buy any coins at $26 now, if the market rallies substantially (to $50 for example) and then crashes back to $26, I will buy more because they are cheap in relative terms. My long-term bullish outlook also tells me that selling now is foolish too since I believe prices will be higher in the long run, so there is no reason to call a top since I know it will not be the top in the long term.

In a nutshell, I'm holding during rallies and buying during corrections.

So, my crude analysis says that since there are $10,402,400,000,000 USD in the M2, if BTC is able to displace 1% of the USD for currency purposes, then the entire 21,000,000M coins would be worth $104,024,000,000, or $4953 per coin. I think M2 is a fair comparison of actual USD that is available outside of the Federal Reserve and Treasury, and is theoretically rapidly available to spend by individuals and businesses. I don't think money is double counted in the M2, of course that is up for debate. So, to me, 200 BTC is worth about $1M in today's USD. Even if BTC only replaces 0.1%, that's still $500 per coin. And that is only looking at USD, and not EUR, JPN, etc.

$13.50.