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121  Bitcoin / Bitcoin Discussion / Re: Welcome To The Blockchain on: November 17, 2017, 07:17:07 AM
Quote from: Evolvo on November 14, 2014, 08:48:15 AM
We decided to make this song available for free so that it can spread around as much as possible. Go out there and share it around as much as possible! And send us a tip!
Bitcoin: 1J3kkU4goRGkNV6vokBgS7DQ7akPuQvNn4

welcome to the blockchain!

Enjoy!

EDIT: We just put up the website www.thebitcoinsong.net also

now we see bitcoin song , bitcoin cash , bitcoin moon , bitcoin..... all this support that bitcoin now effect with world and can survive longer
122  Bitcoin / Bitcoin Discussion / Re: Bitcoin growth trend on: November 17, 2017, 07:03:19 AM
yes many good news will support that (bitcoin win against BCH , many sites start to accept it , many rich men try to invest in it )
123  Economy / Economics / Re: What is Bitcoin's fair value? on: November 07, 2017, 05:41:21 PM
Quote from: krishnapramod on October 27, 2017, 10:40:41 AM
Yesterday, BlackRock Strategist Richard Turnill said there’s no inherent right or wrong Bitcoin price, no fair value. On multiple occasions Bitcoin has been criticized for lacking fair value. I haven't come across any stats or traditional methods that can be used to calculate Bitcoin's fair value, but does that mean Bitcoin doesn't have a fair value?

I found an article on Investopedia about how to measure Bitcoin's fair market value. I don't think this framework is statistically accurate, but theoretically plausible. Almost all predictions regarding Bitcoin price are speculative in nature, but backed by a solid belief that Bitcoin's scarcity and its underlying technology is potentially revolutionary which would have an impact on different sectors. Bitcoin has value because people think it has value, right. It means Bitcoins have positive expected value.

The total market value of a currency, its "monetary base", is driven by two things, transactional demand and reservation demand.

1. Transactional demand - Daily transaction volume.

2. Reservation demand - Hoarding/long-term investment.

It is expected that with more merchant adoption the transactional demand would increase.

3. Hurdle rate - Rate of return required to compensate for the risks associated with holding Bitcoin. Yeah, technopolitical hurdles or backlash from a country can have an impact on Bitcoin's expected value.

Theoretically, the fair-market value of one BTC should simply be the dividend of its predicted future monetary base (total market cap) and BTC in circulation, discounted by a "hurdle rate."

Quote
For further illustration, it might also help to consider how a venture capitalist could determine the net present value of an investment that he never expects to generate positive cash flows during his firm's investment period (e.g. a high-growth tech company that reinvests 100% of its earnings before it ultimate sells to Google). In the absence of earnings, that VC might look at revenue multiples to determine the company's terminal value, and then discount that figure by a rate of 40 to 60%.

With Bitcoin, the thinking is the same. Except Bitcoin's terminal value is actually its future monetary base.

This framework relies on assumptions only, but backed by Bitcoin having all the attributes of money, its scarcity and underlying technology.

Quote from: satoshi on February 21, 2010, 05:44:24 AM
A rational market price for something that is expected to increase in value will already reflect the present value of the expected future increases. In your head, you do a probability estimate balancing the odds that it keeps increasing.

http://www.investopedia.com/articles/investing/050914/easy-way-measure-bitcoins-fair-market-value-doityourself-guide.asp?

it is better to make market detect price not force price into special point
like satoshi say
124  Bitcoin / Press / [2017-11-7] Goldman Sachs Analysts See Possible Bitcoin Price Jump $8,000? on: November 07, 2017, 05:24:12 PM
According to Business Insider and Bloomberg, the note came as the cryptocurrency's price cleared a new all-time high above $7,600. Technical analysts Sheba Jafari and Jack Abramowitz cautioned that the signs are pointing to a new run up – albeit one that may take time to develop.

"This break indicated potential for an impulsive advance, one that could reach at least 7,941. This is the minimum target for a 3rd of 5-waves up and should therefore be a level from which to watch for signs of a consolidation," they wrote, according to Bloomberg.

At press time, the price of bitcoin is trading at around $7,092, according to CoinDesk's Bitcoin Price Index (BPI).

The note represents the latest instance in which the investment bank has offered some possible guidance for its client base, which Goldman began circulating earlier this summer.

And amid rumors that Goldman is considering a new client-facing brokerage built around cryptocurrencies, its influential CEO, Lloyd Blankfein, has struck a decidedly neutral tone on bitcoin, declaring his "openness" in recent statements and interviews.

"I’ve learned over the years that there’s a lot of things that work out pretty well that I don't love," he told Bloomberg last week.

Source https://www.coindesk.com/8000-goldman-sachs-analysts-see-possible-bitcoin-price-jump/
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