|
Title: By March 1 what will be BTC value? Post by: stochastic on February 16, 2012, 05:01:09 AM Saw this question posted before but I thought it would be more helpful in a poll format.
By March 1, 2012 what do you think the BTC/USD exchange rate will be on Mtgox? Title: Re: By March 1 what will be BTC value? Post by: BCMan on February 16, 2012, 05:55:16 AM I voted .01, not the march, but soon. Kill the bitcoin, bitches!
Title: Re: By March 1 what will be BTC value? Post by: Kluge on February 16, 2012, 05:59:50 AM I'd assume that'd be around the time we start recovering in price, so maybe $2.75-$3. - But I can never tell which emotion I should box myself in on that goofy rollercoaster diagram people enjoy pointing to (right now, I'm feeling relieved it hasn't been worse -- I suppose that's a bad sign), so.... Idunno.
Title: Re: By March 1 what will be BTC value? Post by: Edward50 on February 16, 2012, 06:11:48 AM It may go lower than you people will probably expect. We should retest the old lows and should see the $1 dollar range.
Title: Re: By March 1 what will be BTC value? Post by: Oldminer on February 16, 2012, 06:13:10 AM It may go lower than you people will probably expect. We should retest the old lows and should see the $1 dollar range. I dont see why not. The only thing holding its value up atm is speculation IMO. Title: Re: By March 1 what will be BTC value? Post by: Kluge on February 16, 2012, 06:14:45 AM Just realized poll is a trick question. I will be sad if we start measuring value by BTC/USD instead of USD/BTC.
Title: Re: By March 1 what will be BTC value? Post by: stochastic on February 16, 2012, 07:17:58 AM Just realized poll is a trick question. I will be sad if we start measuring value by BTC/USD instead of USD/BTC. You are confusing yourself. BTC is the base currency (http://www.investopedia.com/terms/b/basecurrency.asp). Quote The base currency is on the left of the slash and the counter (quote) currency is on the right So if the exchange rate of BTC/USD is 4.5000 that means 1 BTC is quoted at 4.5000 USD. You might be thinking BTC/USD means Bitcoins per dollar, but don't think of it that way. Title: Re: By March 1 what will be BTC value? Post by: Kluge on February 16, 2012, 07:26:20 AM Just realized poll is a trick question. I will be sad if we start measuring value by BTC/USD instead of USD/BTC. You are confusing yourself. BTC is the base currency (http://www.investopedia.com/terms/b/basecurrency.asp). Quote The base currency is on the left of the slash and the counter (quote) currency is on the right So if the exchange rate of BTC/USD is 4.5000 that means 1 BTC is quoted at 4.5000 USD. You might be thinking BTC/USD means Bitcoins per dollar, but don't think of it that way. Title: Re: By March 1 what will be BTC value? Post by: stochastic on February 16, 2012, 07:38:08 AM Just realized poll is a trick question. I will be sad if we start measuring value by BTC/USD instead of USD/BTC. You are confusing yourself. BTC is the base currency (http://www.investopedia.com/terms/b/basecurrency.asp). Quote The base currency is on the left of the slash and the counter (quote) currency is on the right So if the exchange rate of BTC/USD is 4.5000 that means 1 BTC is quoted at 4.5000 USD. You might be thinking BTC/USD means Bitcoins per dollar, but don't think of it that way. No problem. When I started learning about currency exchange rates I thought it was the same way. I have only seen one bitcoin exchange that doesn't use BTC as the base currency. They only have a volume of less than 1000 so they don't matter anyway. Title: Re: By March 1 what will be BTC value? Post by: notme on February 16, 2012, 05:34:43 PM That is dumb, / should mean "per" or "divided by". Oh well, yet another lame contradiction to remember.
Title: Re: By March 1 what will be BTC value? Post by: stochastic on February 17, 2012, 12:04:40 AM That is dumb, / should mean "per" or "divided by". Oh well, yet another lame contradiction to remember. The format is not a mathematical equation, it is a syntax (http://www.babypips.com/school/currencies-are-traded-in-pairs.html). XXX/YYY means "The base currency XXX is quoted at N number of the YYY quote currency. |