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More sellers than buyers!
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The analysis looks good and we could definitely use a regular update on technical analysis...once the moderator moves this to Economics I suspect it will be a frequently viewed thread.
Your main chart is confusing to read though. It's hard to tell which line is the BTC price and which lines are the 10, 30, etc. trend lines.
Additionally, I'd consider creating some charts that specifically call out whether you believe BTC is over bought or over sold at any given time and points to the trend line that supports your analysis. Most of us can't look at a chart and pull out the relevant details, so you need to tell us what the answer is and and provide the factual support if any of us want to evaluate your answer. Over time, (If you're correct) many people will just take your answer at face value.
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So what's Ben Graham's formula?
The fair price is where the buyer and the seller can agree...it'll never be a single price, it will always be changing.
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I see three major problems,
1) Perception of whether Bitcoin is a currency or an asset class (the latter of which implies potential for ongoing appreciation). A lot of people buy and hold, which is fine but doesn't spread the use of Bitcoin to the masses. Other people use it as currency, which spreads the use but requires that the value remain stable.
2) General adoption by the public. When explaining Bitcoin to someone who's never used it a lot of people say "it's just like using cash" to which to non-user can reply..."then why wouldn't I use cash?" Bitcoin is not yet easier to use than cash to most users. And ANY barrier to entry will keep the adoption low. We need to educate the masses that Bitcoin is a better then cash for A, B, C, etc reasons.
3) If governments fail our access to the internet could also fail, which leaves Bitcoin worthless. Without electricity Bitcoin is just a memory, a dream, a figment of one's imagination...this is probably the MOST scary. (Of course all of our bank accounts may come to a similar fate but that depends on the bank's ability to keep records off the network.)
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The rise and rise? What about the fall that we're currently living in?
It's too early for a Bitcoin documentary...success or failure hasn't been determined yet.
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The one that is better is the one that people use the most - i.e., Bitcoin.
The alternative currencies are interesting but none of them (correct me if I'm wrong, people) provide some advantage over Bitcoin. I think most just offer an opportunity for people to try to get rich or be early adopters after having missed out on bitcoin's first growth spurt.
Litecoin is to Bitcoin what Silver is to Gold or what Pesos are to the Dollar...the latter in each example represents the stronger, more valuable, and more desired currency option.
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Welcome!
There are a few good podcast episodes on YouTube you might like. Here's a link to an episode of the Joe Rogan Epxerience, he interviews Andreas Antonopoulos, who is a self proclaimed expert on bitcoin. The interview will cover the basics in a way that helps beginners understand the details.
Don't be shy to ask questions in any thread on this forum.
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So what are you looking for? How do you want to insert yourself in the market?
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.de is a German site or a Danish site?
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This is a good idea while the market is young but once volume increases and the market matures there will be less discrepancy between each exchange's price...in fact each exchange should be quoting roughly the same price.
Right now, the most accurate price would be with blockchain or exchanges that aren't businesses. Alternatively, Coinbase has greater incentive to offer an inaccurate price because they may lump transactions together or seek the most attractive quote for their business.
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Why would you offer us a 30% discount? What's in it for you (or where's the rub for us)?
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To the OP, what debts do you or "the community" owe the "banksters" with which we'd need to "use their congame"?
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Hi Im just wondering if this is real image of a dollar. I keep seeing the word " j e w s" on the signature when viewing the image. It must be coincidence?! Im not antisemitistic in any way but this is what I see  Whoa...took me a minute to find what you were seeing but I see it now. The US Treasury Secretary signature is correct for this 2003 note. The Secretary at that time was John W. Snow. You're seeing the "j e w s" as The "J" from the first name, the loop from the "h" in John, and then the middle and last initials. |
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Thanks for everyone's responses.
It's great to hear what the relative figures are in other countries, even though they can't be compared fairly across the board.
DoOM, I agree with you completely, in the US $250k household income is great, no matter where you live. But it's not "family is set" money. It doesn't impact generations.
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That's why I was amazed by the prices and salaries. If I needed to earn $31,716 a year to afford the cheapest house on your list I'd never get it, nor would anyone I know. Where do you live? |
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Utilities companies.
Paypal.
Venmo (the Paypal copy cat payment company).
By the way, the OP, Virgin Galactic accepts payments in Bitcoin...so you can literally (some day) go to near the moon and pay for it with bitcoin.
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I couldn't agree more, Bitcoin is the first and only. The others are just noise, wastes of time...
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$3500 in bitcoin, consider this already invested. Just let it sit there and see what happens.
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