Is your Bitcoin really worth $xxx.xx?

[1Referee]

It's a fact that there isn't enough liquidity to offer insanely large holders the chance to cash out entirely. But I think at this point there isn't any of the large holders willing to do so beside the occasional profit taking opportunities. No way the market will recover from a scenario where legitimately hundreds of thousands of coins are being dumped. And this is just considering one very large player, and as you probably know, there are several with these level of stashes. Don't forget that the majority of the open orders are coming from bots most of the times directly pulling back their buy orders as soon as the price comes very close to where they are placed at. That means that there is even less liquidity in reality. And then I haven't even been talking about phantom orders....

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[btcdiggingmaster]

well the golden rule is don't invest what you can't afford to lose cause nobody knows what tomorrow will bring and it's better to be safe
but in my opinion yes there are enough buyers in the market , and there are some people who buy bitcoin if it goes down as little as 10$

so far I still believe in bitcoin but as I said we can't be sure about what will happen in the future

Yes i agree with you because there are many buyers out there who can buy bitcoin even though the value has fallen to 760$ also, but it does not impact on the market. But according to you no one can predict what is going to happen in future or tomorrow because that's how bitcoin is indicated. Many people have a strong belief on bitcoin because really it will increase the price may be today, tomorrow are else some day but definitely it will increase the price for sure.

[Zadicar]

well the golden rule is don't invest what you can't afford to lose cause nobody knows what tomorrow will bring and it's better to be safe
but in my opinion yes there are enough buyers in the market , and there are some people who buy bitcoin if it goes down as little as 10$

so far I still believe in bitcoin but as I said we can't be sure about what will happen in the future

Yes i agree with you because there are many buyers out there who can buy bitcoin even though the value has fallen to 760$ also, but it does not impact on the market. But according to you no one can predict what is going to happen in future or tomorrow because that's how bitcoin is indicated. Many people have a strong belief on bitcoin because really it will increase the price may be today, tomorrow are else some day but definitely it will increase the price for sure.

It would depend on peoples mind if they would still able to trust bitcoin despite its price is dropping to the lowest but still no one knows on what will happen exactly on bitcoins price in the future thats why we cant exactly tell the precise thing.Most of us bitcoin holders do have really a strong belief on the potential of bitcoin.

[maku]

Q: Is your Bitcoin really worth "x" amount of $$$?
A: I don't get this questions, what do you mean exactly? Bitcoin price is determined by current market situation and therefore you can say price is real.

Q:What happens if lets say 5 big Bitcoin holders were to flee the market today?
A: By flee you mean - sell all theirs coins? It would create panic sell situation and Bitcoin price will be razed, at least temporarily.

Q:Are there enough buyers to inflate the price back up?
A: Hard to tell, we are still in experimental/early phase there are two scenarios - BTC will fall or rest of bitcoin users will seize the opportunity to buy cheap BTC.

Q:Do you think that all investors would get the same amount of money for their coin?
A: Depends on how much/fast they want to sell their BTC.

[katrimans]

Does the gold worth its price levels or diamonds or petroleum ?

Everything in this world are getting its value only based on its demand. If no one cares about your bitcoin then obviously there will be no worth for it. Our total world is already existing based on this economic concept and based on this bitcoin gains its worth.

[duke944]

You must be a holder of free coins. Opinion dismissed,

Who the hell are you to assume he holds free coins? You don't know if he mined them, earned them or bought them, or how much he paid.

You sound like some crybaby "trader" who was late to the party, paid too much, and is jealous of those who recognized Bitcoin's value earlier on. Grow up.

I dismiss your opinion..
_____________

To the OP:

No, my bitcoins are not worth $xxx.xx. They're worth at least $xxxx.xx and possibly $xxxxx.xx.

He clearly is not worried about what can happen, only happy to accept future rises in price.
This is not a person holding coins bought anywhere near $800, you stupid fucker.

[unknown04]

I can sell you a rock at $1000 if everyone thinks it has value on that piece of rock... Basically everything on earth has its value if people decide to give it. Let me ask you, why is gold so expensive? you can't play with it, you can't eat it, same thing.

[duke944]

I think we all know on some level this is worthless, simply a gambling toy. At least with gold you can melt it down and make something pretty.

[Wind_FURY]

You must be a holder of free coins. Opinion dismissed,

Or a person who has no plans on giving up on Bitcoin so my opinion holds more worth because I am trying to back up what I say with action. What is your opinion on Bitcoin based on the questions by the OP? Please tell us.

[JANGKRIK BOSS]

I have a question for those holding Bitcoin.

Is your Bitcoin really worth "x" amount of $$$?

What happens if lets say 5 big Bitcoin holders were to flee the market today?

Are there enough buyers to inflate the price back up?

What if a run were to occur on Bitcoin?

Do you think that all investors would get the same amount of money for their coin?

With global currencies sliding in value consider this when building your exit strategy.

As global currencies weaken the likelihood of liquidating your position for "fair market value" deteriorates.

I am still new to bitcoin, I can only answer the 3 questions only:


Q: What happens if lets say 5 big Bitcoin holders were to flee the market today?
A: Until now we never knew, anyone a big holder of bitcoin. And I think it will have no effect, because it does not dominate the big 5 big Bitcoin holders from all existing bitcoin.

Q: Are there enough buyers to inflate the price back up?
A: impossible, we could see when low price bitcoin it lasts long time, bitcoin price looks very natural not from inflate

Q: What if a run were to occur on Bitcoin?
A: Equally, there will be a lot of influence.

[duke944]

You must be a holder of free coins. Opinion dismissed,

Or a person who has no plans on giving up on Bitcoin so my opinion holds more worth because I am trying to back up what I say with action. What is your opinion on Bitcoin based on the questions by the OP? Please tell us.

My opinion is that no global currency is going to take bitcoin seriously. Why? it has no backing and doesn't scale to any level that is relevant.

[kehtolo]

You must be a holder of free coins. Opinion dismissed,

Or a person who has no plans on giving up on Bitcoin so my opinion holds more worth because I am trying to back up what I say with action. What is your opinion on Bitcoin based on the questions by the OP? Please tell us.

My opinion is that no global currency is going to take bitcoin seriously. Why? it has no backing and doesn't scale to any level that is relevant.

My opinion is that nobody is going to take you seriously. Why? Because these are tired memes kid.
It doesn't matter one micro jot if 'a currency' takes bitcoin seriously or not. It simply deosn't fucking matter. Besides, currencies, generally being inanimate and human created abstractions of value (money) generally speaking don't take anything seriously.

It is backed by protocol. It is backed by cryptographic mathematics. It is backed by the most powerful computing network ever created by man.
It is backed by the proof of the work that went into mining it.
The power of this protection has grown 300% in the last year alone. Ergo, bitcoin is now x3 times more secure than it was last year.

Your arguments on the other hand are not backed by anything except hardcore ignorance.
Which i know you will reply to with yet more ignorance. Bring it on! I'm ready to debunk ALL your tired already disproven weak ass arguments against the greatest computer science invention of all time.

[Sir Alpha_goy]

I have a question for those holding Bitcoin.

Is your Bitcoin really worth "x" amount of $$$?

I do not know. All I know is I can sell them at $780 per coin right now. Should I care?

Yes you should care.

Depending on how many suckers there are to buy Bitcoin will depend on whether or not you can sell all your Bitcoins for $xxx.xx.

If there is a Bitcoin run you absolutely should care.

If whales dump hard you should care.

If the IRS comes a knockin you should care.

I could go on...

[piramida]

I think we all know on some level this is worthless, simply a gambling toy. At least with gold you can melt it down and make something pretty.

No, we don't know that, it has value - the electricity and processing power invested into creating it. As for gold, you can also melt bronze and make something pretty, so the value of gold should be about $1 per pound by your own valuation.

[Leonardis]

Yes it is really worth an x amount these days although its fully digital its a very good investment that can be very profitable too.

[Wind_FURY]

You must be a holder of free coins. Opinion dismissed,

Or a person who has no plans on giving up on Bitcoin so my opinion holds more worth because I am trying to back up what I say with action. What is your opinion on Bitcoin based on the questions by the OP? Please tell us.

My opinion is that no global currency is going to take bitcoin seriously. Why? it has no backing and doesn't scale to any level that is relevant.

Do we care? No. All I know is I can sell Bitcoins at more than $800 per coin at current prices. All we also know is the use of Bitcoin is growing in the dark markets and other criminal activites. What do "they" take seriously? Fiat money? That is more stupid.

[Wind_FURY]

I have a question for those holding Bitcoin.

Is your Bitcoin really worth "x" amount of $$$?

I do not know. All I know is I can sell them at $780 per coin right now. Should I care?

Yes you should care.

Depending on how many suckers there are to buy Bitcoin will depend on whether or not you can sell all your Bitcoins for $xxx.xx.

If there is a Bitcoin run you absolutely should care.

If whales dump hard you should care.

If the IRS comes a knockin you should care.

I could go on...

Nope. That is not happening. IRS? Whales dumping? Neither of that will stop Bitcoin now. You know why? The Efficient Market Hypothesis, that is why. Bitcoin has already penetrated market niches that the banks will not serve and Bitcoin is doing an excellent job making those illegal markets efficient. In fact, it is strict regulations that are subsidizing Bitcoin making its value grow.

[geofflosophy]

In other countries it is worth Xxx.xx+20 on exchanges relative to USD and worth even more on the street. Look for the rise to continue.

Imagine for a second that you're wrong and actually there are millions of millionaires out there who have been hearing about bitcoin for years and said they wanted to invest a proportion of their portfolio and have been putting it off, maybe they had some but sold off some point on the way down and have been looking to get in under $400 again. All of the sudden it was $750 last week and now it's 840?

What happens when fiat whale smart money realizes that Bitcoin is here to stay and is the killer store of value app. The whole world can't get into Bitcoin at $15B economy, and smart money is always going to beat the masses to the punch and ride the way up.

[AlexM]

Im not sure any Big whales will be flooding the market yet, Bitcoin is still undervalued. Sure if someone dumped 100,000 Bitcoins on the market it would send the price down but they are not going to do that they will sell gradually. Also if you are a whale you may not be looking to get out of Bitcoin ever but develop the eco system thus increase the real world value of your holding. You can buy pretty much anything you want with Bitcoin anyway.

[Sir Alpha_goy]

I think we all know on some level this is worthless, simply a gambling toy. At least with gold you can melt it down and make something pretty.

No, we don't know that, it has value - the electricity and processing power invested into creating it. As for gold, you can also melt bronze and make something pretty, so the value of gold should be about $1 per pound by your own valuation.

GOLD PLATES THE CONTACTS ON THE HARDWARE THAT MAKE BITCOIN POSSIBLE.

NO GOLD = NO BITCOIN

I would love to see gold at the price you suggest because the miners wouldn't be mining it.

Bitcoin would be no more.