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Author Topic: Is your Bitcoin really worth $xxx.xx?  (Read 2124 times)
Maxsumi
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December 22, 2016, 10:58:47 PM
 #41

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.

Not gonna happen in my eyes, we can dream about it of course but its simply not gonna happen for sure its just way too much.
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Shiroslullaby
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December 22, 2016, 11:10:46 PM
 #42

Bitcoin is worth whatever people are willing to pay for it.
Thats whats really fun about it right now. Its a total gamble, and no one knows where the price is going to land.
Huge losses and gains will be made in the next couple weeks.
Wish I had the cash to invest in some really large amounts...

Wind_FURY
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December 23, 2016, 03:02:17 AM
 #43

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.

That is a desperate argument against Bitcoin. Sorry Sir Alpha Goy but you have lost and no one is listening to you anymore. The people in the community are listening to what matters more and that is the market. It is telling us to hold because we will be having a good ride. It will also be good to buy the dips on the way up at +$1000. Enjoy your gold.

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Ahab_Hunter_of_BearWhale
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December 23, 2016, 05:33:36 AM
 #44

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.


A couple people deciding btc isn't the future, even bagholders of hundreds of thousands to millions of coins is the going to stop BTC and the potential opinions 7 billion people may form about it.
Even hypothetically in the very unlikely scenario- if Satoshi herself,himself or group where to deanonymize and denounce btc, I don't think that would stop BTC from becoming larger on the world stage, with mkt cap growing.
Gatotare
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December 23, 2016, 08:58:04 AM
 #45

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.


A couple people deciding btc isn't the future, even bagholders of hundreds of thousands to millions of coins is the going to stop BTC and the potential opinions 7 billion people may form about it.
Even hypothetically in the very unlikely scenario- if Satoshi herself,himself or group where to deanonymize and denounce btc, I don't think that would stop BTC from becoming larger on the world stage, with mkt cap growing.

It is better for them to sell so that we can buy cheap.
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December 23, 2016, 02:13:38 PM
 #46

Market prices are not opinions, they are facts.  Wink

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
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