oda.krell
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Activity: 1470
Merit: 1007
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January 31, 2015, 06:17:24 PM |
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Noob question. Is there a way for one to somehow value this instrument for market vs intrinsic value.. Any ratio performance driver?Or something similar in a way to 3 financial statement forecasting model for equities or is TA the only way to ride?
Absolutely not. There is no intrinsic value at all, that is, no use value, or, you can not consume a bitcoin leading to its destruction, and at the same time gain something useful. *) Said otherwise, bitcoin has only money value, and in this regard it is the same as paper money.It is at the same time pure money, and sound money. This has never existed before in history. The money value is by definition speculative, all actors at all times have to decide for themselves what value (real world, use value) it is possible to exchange the bitcoins for in the future, far or near. *) I know, you can prove that you have destroyed bitcoins to prove something... And how do you think that would be compatible with: http://en.wikipedia.org/wiki/Velocity_of_moneyIf the network proper is used to transfer a certain total value (measured in USD) over a certain time span, then given the money supply (total bitcoins in circulation, in this case) that transaction usage will provide a lower bound for the USD valuation per coin (assuming transactions are not instantaneous - which they aren't, even if the pure protocol part of it almost is, but there's slow humans involved as well  ) I'd call that a pretty good candidate for "fundamental" valuation (even if the exact value of it is up for debate) |
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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January 31, 2015, 06:20:50 PM |
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Some one is buying LTC with BTC... Pro Tip buy and sell slowly as the "bots" will bring it LTC/BTC back to manageable targets.  1:22pm EST 2015/1/31   |
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techman
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Activity: 1020
Merit: 1027
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January 31, 2015, 06:30:07 PM |
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OKCoin down? Bitcoinwisdom?
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esse83
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January 31, 2015, 06:31:12 PM |
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OKCoin down? Bitcoinwisdom?
It was down for more than an hour and the second it got back dumping started. Will be interesting to watch.. |
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Erdogan
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Activity: 1512
Merit: 1005
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January 31, 2015, 06:45:44 PM |
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Noob question. Is there a way for one to somehow value this instrument for market vs intrinsic value.. Any ratio performance driver?Or something similar in a way to 3 financial statement forecasting model for equities or is TA the only way to ride?
Absolutely not. There is no intrinsic value at all, that is, no use value, or, you can not consume a bitcoin leading to its destruction, and at the same time gain something useful. *) Said otherwise, bitcoin has only money value, and in this regard it is the same as paper money.It is at the same time pure money, and sound money. This has never existed before in history. The money value is by definition speculative, all actors at all times have to decide for themselves what value (real world, use value) it is possible to exchange the bitcoins for in the future, far or near. *) I know, you can prove that you have destroyed bitcoins to prove something... And how do you think that would be compatible with: http://en.wikipedia.org/wiki/Velocity_of_moneyIf the network proper is used to transfer a certain total value (measured in USD) over a certain time span, then given the money supply (total bitcoins in circulation, in this case) that transaction usage will provide a lower bound for the USD valuation per coin (assuming transactions are not instantaneous - which they aren't, even if the pure protocol part of it almost is, but there's slow humans involved as well ) I'd call that a pretty good candidate for "fundamental" valuation (even if the exact value of it is up for debate) It is not compatible. I don't give a shit about that article, or the concept of velocity of money. I have written about that numerous times. Although it can be computed, giving a number, the parameter says exactly nothing of the value of money. |
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YourMother
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Activity: 1281
Merit: 1046
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January 31, 2015, 06:51:53 PM |
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I'm having a really hard time shorting this garbage because BitStampede stopped auto-updating the buy/sell order lists. I have to refresh the page if i want to see the newly added ones. (happens in both chrome and firefox). Someone please tell Nijec Cedric to stop fapping and get down to this rigged business asap.
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ChartBuddy
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Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 31, 2015, 07:00:03 PM |
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damiano
Legendary
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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January 31, 2015, 07:01:41 PM |
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It would awesome if the wall from 220-224 moved up a bit
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NotLambchop
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January 31, 2015, 07:05:06 PM |
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...
It is not compatible. I don't give a shit about that article, or the concept of velocity of money. I have written about that numerous times. Although it can be computed, giving a number, the parameter says exactly nothing of the value of money.
>says exactly nothing of the value of money To you. You're just not very knowledgeable about money stuff is all. That's OK tho, you might be good at sports. |
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luckygenough56
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Activity: 1526
Merit: 1012
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January 31, 2015, 07:07:54 PM |
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BORED
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tarmi
Legendary
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Activity: 1218
Merit: 1010
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January 31, 2015, 07:11:16 PM |
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It would awesome if the wall from 220-224 moved up a bit
they will move once we start to eat them. with love, bears |
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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January 31, 2015, 07:11:23 PM |
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1) Holders: I want to sell! I want to sell! I want to sell! Just waiting for the bids to curl up just under the current price. After a sell, next holder: Fuck, now it takes ages before the bids build up again. Can't wait any longer, selling too!
2) Non holders: I want to buy, but will someone immediately dump? Have to wait until it quiets down. Maybe now? Dipping my toe in, buying just a small amount. And another buyer, and another one, and another one. Oh fuck, someone sold a small amount! Back to 1)
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damiano
Legendary
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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January 31, 2015, 07:13:28 PM |
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It would awesome if the wall from 220-224 moved up a bit
they will move once we start to eat them. with love, bears Bears have been avoiding that wall for a while |
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GaliX
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January 31, 2015, 07:14:27 PM |
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It would awesome if the wall from 220-224 moved up a bit
why should he move it up? it well get sold anyway and we will see sub 200 very fast.. |
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tarmi
Legendary
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Activity: 1218
Merit: 1010
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January 31, 2015, 07:14:34 PM |
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It would awesome if the wall from 220-224 moved up a bit
they will move once we start to eat them. with love, bears Bears have been avoiding that wall for a while yes, because it is our wall obviously. |
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damiano
Legendary
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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January 31, 2015, 07:22:02 PM |
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It would awesome if the wall from 220-224 moved up a bit
why should he move it up? it well get sold anyway and we will see sub 200 very fast.. Put pressure on the short positions |
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tarmi
Legendary
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Activity: 1218
Merit: 1010
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January 31, 2015, 07:26:24 PM |
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It would awesome if the wall from 220-224 moved up a bit
why should he move it up? it well get sold anyway and we will see sub 200 very fast.. Put pressure on the short positions but we opened our positions in the 300 range.  |
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podyx
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Activity: 2338
Merit: 1035
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January 31, 2015, 07:26:50 PM |
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thaat stamp and finex bidside doe  |
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damiano
Legendary
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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January 31, 2015, 07:28:08 PM |
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It would awesome if the wall from 220-224 moved up a bit
why should he move it up? it well get sold anyway and we will see sub 200 very fast.. Put pressure on the short positions but we opened our positions in the 300 range. There's plenty that opened up around 228-240 as well. |
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tarmi
Legendary
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Activity: 1218
Merit: 1010
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January 31, 2015, 07:29:00 PM |
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It would awesome if the wall from 220-224 moved up a bit
why should he move it up? it well get sold anyway and we will see sub 200 very fast.. Put pressure on the short positions but we opened our positions in the 300 range. There's plenty that opened up around 228-240 as well. 2k is plenty these days? |
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