Sitarow
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Activity: 1792
Merit: 1047
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July 13, 2015, 06:59:42 PM |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 13, 2015, 07:01:41 PM |
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Alley
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Activity: 910
Merit: 1000
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July 13, 2015, 07:04:11 PM |
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Looks like all those finex walls have been removed.
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spooderman
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Activity: 1638
Merit: 1022
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July 13, 2015, 07:12:28 PM |
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great, i see walls of text comparing gold to bitcoin.
can we start doing something else here? like comparing bitcoin to....say, the color orange?
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Erdogan
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Activity: 1512
Merit: 1005
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July 13, 2015, 07:31:42 PM |
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Intrinsic value, patiently and tirelessly explained again, this time with new words:
Intrinsic value: Think of something that you have, but can not sell, lend, give away, or trade in any form. The value that the thing has, if any, is the intrinsic value.
In the market, it can be sold or exchanged some way, for something that is slightly less valuable to the other trader. This is the total value.
The money value, or speculative value, is the difference between the two. So you have value = intrinsic value + money value.
Most consumable things have only intrinsic value, other things you have in your posession because you know they also could be traded for a higher value than your own use value. This include houses, vintage cars, wine, old paintings, and sometimes smaller things that you know others will value in the future. For example, if you join a group to quit smoking, in the form of a hike to kilimanjaro, it could be smart to fill up unused space in your backpack with cigarettes and sell them for an exorbitant price.
What we call money, have mostly only the speculative value. Gold has is a little of both, but mostly money value. Bitcoin and fiat paper rectangles have almost exclusively speculative value. I call it pure money.
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Sitarow
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Activity: 1792
Merit: 1047
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July 13, 2015, 07:50:19 PM |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 13, 2015, 08:02:01 PM |
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BrewCrewFan
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July 13, 2015, 08:04:36 PM |
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Da faq happened to the price? I go to sleep and then to work only to see a massive sell off in a few short hours this morning???!
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TerraMaster
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July 13, 2015, 08:05:13 PM |
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Intrinsic value, patiently and tirelessly explained again, this time with new words:
Intrinsic value: Think of something that you have, but can not sell, lend, give away, or trade in any form. The value that the thing has, if any, is the intrinsic value.
In the market, it can be sold or exchanged some way, for something that is slightly less valuable to the other trader. This is the total value.
The money value, or speculative value, is the difference between the two. So you have value = intrinsic value + money value.
Most consumable things have only intrinsic value, other things you have in your posession because you know they also could be traded for a higher value than your own use value. This include houses, vintage cars, wine, old paintings, and sometimes smaller things that you know others will value in the future. For example, if you join a group to quit smoking, in the form of a hike to kilimanjaro, it could be smart to fill up unused space in your backpack with cigarettes and sell them for an exorbitant price.
What we call money, have mostly only the speculative value. Gold has is a little of both, but mostly money value. Bitcoin and fiat paper rectangles have almost exclusively speculative value. I call it pure money.
Hey that's pretty good!  |
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NewLiberty
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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July 13, 2015, 08:06:04 PM |
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metals have a intrinsic value while bitcoins does not. i no longer trust bitcoin because it is, in my opinion, manipulated by whales and exchanges.your in the club or your not... their are predators out hunting for some poor newb who invests a bunch money into the scheme while they pump it and then they turn around and dump on them causing them to fear and dump their coins at a loss for their gain.. you trying to claim that is a system we can trust ?? this is my new opinion about bitcoin.
There is no such thing as intrinsic value. Gold's utility value is pretty low and its current price is mostly speculative. Good luck with that. You write that as if it were either true or meaningful, so lets unpack it a bit. This "no such thing as intrinsic value" notion depends whether you are talking philosophy or economics. Economics has a practical definition of intrinsic value, which very different from the arguments philosophers use. So there is such a thing, unless you are 'only' a philosopher and not also an economist. For those that are both, or are at least economists, the opposite is true. |
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TerraMaster
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July 13, 2015, 08:07:01 PM |
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Da faq happened to the price? I go to sleep and then to work only to see a massive sell off in a few short hours this morning???!
Hell I am still jumping for joy its still in high 280's lol PS: Greece got another bail out as expected |
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BurgerKill
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July 13, 2015, 08:14:02 PM |
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Oh, this thread is getting bigger and bigger!
Anyways, is it relatively safe to move my entire savings into Bitcoin? I want help from experts about this..
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Dump3er
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July 13, 2015, 08:19:32 PM |
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I want help from experts about this..
Welcome to the wall observer  |
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BrewCrewFan
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July 13, 2015, 08:25:11 PM |
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Da faq happened to the price? I go to sleep and then to work only to see a massive sell off in a few short hours this morning???!
Hell I am still jumping for joy its still in high 280's lol PS: Greece got another bail out as expected So pretty much thinking that even after how many others that this time the results will be different? |
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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July 13, 2015, 08:27:44 PM |
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Anyways, is it relatively safe to move my entire savings into Bitcoin? I want help from experts about this..
I am a fully qualified expert. HellNO |
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Fakhoury
Legendary
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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July 13, 2015, 08:28:10 PM |
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Oh, this thread is getting bigger and bigger!
Anyways, is it relatively safe to move my entire savings into Bitcoin? I want help from experts about this..
For sure, it's. Why wouldn't it be not ? |
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Fakhoury
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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July 13, 2015, 08:28:56 PM |
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Anyways, is it relatively safe to move my entire savings into Bitcoin? I want help from experts about this..
I am a fully qualified expert. HellNOCome on, stop saying this about yourself  |
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BurgerKill
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July 13, 2015, 08:37:44 PM |
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Oh, this thread is getting bigger and bigger!
Anyways, is it relatively safe to move my entire savings into Bitcoin? I want help from experts about this..
For sure, it's. Why wouldn't it be not ? Price may drop to $100 or something like this and I can lose everything very fast, right? Is it even possible? I'm really afraid of this. |
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rjclarke2000
Legendary
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Activity: 1358
Merit: 1016
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July 13, 2015, 08:41:20 PM |
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Oh, this thread is getting bigger and bigger!
Anyways, is it relatively safe to move my entire savings into Bitcoin? I want help from experts about this..
Nothing is safe! Fiat isn't safe. Bitcoin is high risk but could be high reward. Only invest what you can afford to lose. Same old saying. |
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BrewCrewFan
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July 13, 2015, 08:44:37 PM |
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Oh, this thread is getting bigger and bigger!
Anyways, is it relatively safe to move my entire savings into Bitcoin? I want help from experts about this..
Nothing is safe! Fiat isn't safe. Bitcoin is high risk but could be high reward. Only invest what you can afford to lose. Same old saying. This +11 Why? Well, if it does crash your left with nothing. Its like investing in penny stocks right now. If you can afford to lose , the risk can be very rewarding if it goes up. A lot of us have seen the ups and downs, so yeah.... you just never know. Those that bought at $5 now are rather well off, even at the current prices. |
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