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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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KoinKartel
Jr. Member
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Activity: 44
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March 30, 2016, 12:01:33 PM |
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If BTC was meant to be at $600, then it would be
In my opinion, the whole concept of something being overvalued or undervalued is erroneous. The market is always right.
When those in control are ready to begin their buying spree, they will. When they are ready to cash out and send the price crashing down, they will.
Everything else is white noise
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Koinkartel.com (http://koinkartel.com)
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Wendigo
Legendary
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Activity: 2604
Merit: 1036
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March 30, 2016, 12:06:53 PM |
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I have never heard of any Bitcoin Investment Trust till now. Yeah why would I want to buy shares in an investment firm when I could be buying real Bitcoins and having complete control over my investment. Is this geared towards big shot speculators who want to play the market? I only agree with their statement that Bitcoin is undervalued. I would be happy with $500 per coin nevertheless. Maybe we will reach the $600 threshold after the halving who knows.
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bitdumper
Sr. Member
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Activity: 266
Merit: 250
One world One currency, Bitcoin.
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March 30, 2016, 12:07:37 PM |
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Bitcoin is not backed by anything , so its price is determined by supply and demad .No body can fix it  . Its always right. |
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USB-S
Sr. Member
Offline
Activity: 574
Merit: 250
In XEM we trust
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March 30, 2016, 12:11:51 PM |
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I have never heard of any Bitcoin Investment Trust till now. Yeah why would I want to buy shares in an investment firm when I could be buying real Bitcoins and having complete control over my investment. Is this geared towards big shot speculators who want to play the market? I only agree with their statement that Bitcoin is undervalued. I would be happy with $500 per coin nevertheless. Maybe we will reach the $600 threshold after the halving who knows.
A lot of people who try to learn about bitcoin by themselves, get confused really fast. It's way too much information for them. It's basically meant for dumbfuck investors. I bet they'd find bitcoin way more fun and promising if they'd actually give it some effort and play around with it. |
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nuevo
Member
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Activity: 84
Merit: 10
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March 30, 2016, 12:53:09 PM |
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I have never heard of any Bitcoin Investment Trust till now. Yeah why would I want to buy shares in an investment firm when I could be buying real Bitcoins and having complete control over my investment. Is this geared towards big shot speculators who want to play the market? I only agree with their statement that Bitcoin is undervalued. I would be happy with $500 per coin nevertheless. Maybe we will reach the $600 threshold after the halving who knows.
A lot of people who try to learn about bitcoin by themselves, get confused really fast. It's way too much information for them. It's basically meant for dumbfuck investors. I bet they'd find bitcoin way more fun and promising if they'd actually give it some effort and play around with it. Your view of investors might be limiting your ability to reach out to them effectively. |
LISK Develop Decentralized Applications & Sidechains in JavaScript with Lisk!
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Denker
Legendary
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Activity: 1442
Merit: 1014
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March 30, 2016, 12:56:33 PM |
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That investment company can say whatever it wants.
Fact is the market dictates the price.
Supply and demand.And not some number pulled out of the pocket by some individuals.
Very poor article!
And nothing against Barry and his GBTC. But when I should get into Bitcoin, like they say, I would of course Bitcoin directly.
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The Sceptical Chymist
Legendary
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Activity: 3332
Merit: 6832
Cashback 15%
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March 30, 2016, 02:15:28 PM |
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If BTC was meant to be at $600, then it would be
In my opinion, the whole concept of something being overvalued or undervalued is erroneous. The market is always right.
When those in control are ready to begin their buying spree, they will. When they are ready to cash out and send the price crashing down, they will.
Everything else is white noise
Yeah, totally not true and that's why Warren Buffett makes money. Also, the internet bubble and all the other bubbles argue against markets always being right. If someone is charging $1000 for a toaster--even if someone pays it--is it overpriced? Not sure about bitcoin though and I'm not really sure how anyone can put a true value on it. In that you are correct, if it was supposed to be $600 it already would be. |
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Amph
Legendary
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Activity: 3206
Merit: 1069
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March 30, 2016, 02:26:48 PM |
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it make sense to have $600 of value within this year, it was the prediction of almost anyone here, maybe even a bit more, toward 700
this is also in line with the profit that is needed for the miner to face the halving, but this does not mean that it will not be a new peak late in this year
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kwukduck
Legendary
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Activity: 1937
Merit: 1001
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March 30, 2016, 02:27:13 PM |
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It's crashing and you're thinking it's undervalued?
Nope. It's worth exactly what people are willing to pay for it. And nowadays it looks like people rather want to get rid of it than pay for it to get more.
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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LMGTFY
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March 30, 2016, 02:34:25 PM |
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It's crashing and you're thinking it's undervalued?
Nope. It's worth exactly what people are willing to pay for it. And nowadays it looks like people rather want to get rid of it than pay for it to get more.
Ah, I think I'm beginning to understand why your posts always seem so apocalyptic. That word, "crash" - it does not mean what you appear to think it means. Take a look at reality for a minute: http://bitcoincharts.com/charts/bitstampUSD#rg2zigDailyzczsg2016-01-12zeg2016-03-30ztgSzbgBzm1g10zm2g25zl See how mid-January there was a sudden, large drop in price - within just one day? Over 15% in one day! Now look at the past few days - notice how there isn't a sudden, large drop in price? We've not even fallen 5% in three days! Meh, crash. |
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Mr.grin
Legendary
Offline
Activity: 1218
Merit: 1000
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March 30, 2016, 05:39:20 PM |
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It's crashing and you're thinking it's undervalued?
Nope. It's worth exactly what people are willing to pay for it. And nowadays it looks like people rather want to get rid of it than pay for it to get more.
I agree. people waiting for the moment it happened, because when that happens they will buy it and wait for the high price that they get higher profits |
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maokoto
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March 30, 2016, 05:49:28 PM |
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It is not undervalued, it has just the value that people wants it to have (I mean the consensus of people). Bitcoin was created for the people who owns it in a very real sense, and they establish it value.
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Oriannaa
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March 30, 2016, 06:03:52 PM |
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The whole undervalue is a debate on each person on how they see it.
But the overall sense is based on what people are paying for lol. Or else why would we even have that price.
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doublemore
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March 30, 2016, 09:34:34 PM |
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Yeah i think i agree also. If we do see a move up to $600 this will create much confidence in holders and much panic is people who were holding out for cheaper coins. I reckon there is 1-2 more months before this move. |
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Grillo
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March 30, 2016, 09:46:26 PM |
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I still believe that BTC will shoot over 1000$ before the end of this year.
Bear market is over for alts, and will be soon over for BTC.
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Alley
Legendary
Offline
Activity: 910
Merit: 1000
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March 31, 2016, 12:48:36 AM |
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Seems like a advertisement for gbtc. Why no mention of just buying bitcoin?
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~Bitcoin~
Legendary
Offline
Activity: 994
Merit: 1000
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March 31, 2016, 03:50:52 AM |
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I also think same as there is no reason for bitcoin to be at 400 mark before upcoming halving. Bitcoin price is manipuated by whales right now.
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asrilani
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April 07, 2016, 03:49:46 PM |
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I also think same as there is no reason for bitcoin to be at 400 mark before upcoming halving. Bitcoin price is manipuated by whales right now.
One theory is that the bitcoin is held down by the miners. The miners have already presold the coin they could mine. |
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0day
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April 07, 2016, 05:01:05 PM |
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Bitcoin is not backed by anything , so its price is determined by supply and demad .No body can fix it . Its always right. Yeah, I also agree, its price is determined by the supply and demand, when more people will demand about it, the price will increase, and now at this era we are seeing that more people especially online earners are adopting bitcoin on a great scale. |
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