|
Jammalan the Prophet
|
 |
January 31, 2015, 10:15:33 PM |
|
Look at the bears go 1-2% decline in price and they start gigglin like a schoolgirl It's cute  True. Haha. -28.78% in last 30 days , still funny? JUST MADE MY DAY: THE FUTURE OF BITCOIN: http://youtu.be/0QJ_iNkxeLM You're that nut that god has sent a sign to buy bitcoin , right|? Good. I hope it makes all the noobs buy & hodl. There's enough 'bitcoin is dead trolling' we need some moon trolls too. Trolls , not idiots. |
|
|
|
|
coins101
Legendary
 Offline
Activity: 1456
Merit: 1001
|
|
January 31, 2015, 10:18:25 PM |
|
Google adds crypto, and the price goes down  |
|
|
|
|
|
JorgeStolfi
|
|
January 31, 2015, 10:20:21 PM |
|
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?
I'd argue there's a number of fundamentals that are highly relevant, such as overall adoption / network size, or valuation floor through usage as medium of exchange for goods valued in USD. Problem is, those are (a) notoriously difficult to estimate precisely, and (b) even if you can estimate them more or less correctly, there never was a long term stable price that would define the "right" ratio of total valuation to adoption/network size, for example. I personally think the "floor" defined by medium of exchange is the best you can do. By that metric alone, we're most likely still quite a bit overpriced, but that could either mean we drop further up to that floor or that floor isn't the only relevant metric. Probably the latter. By my estimates, even with generous assumptions about e-payment volume and coin lock-up time, I get around 20 USD/BTC at most. The current price is still supported mostly by speculation (people who buy bitcoins and hold them in the hope of selling or spending them at a higher price, minutes or decades later). |
|
|
|
|
|
CoinDox
|
|
January 31, 2015, 10:30:56 PM |
|
Google adds crypto, and the price goes down Price of BTC the currency is not relevant to the utility value of BTC the technology. Google adding crypto speaks to the latter not the former. |
|
|
|
|
|
Eamorr
|
|
January 31, 2015, 10:33:00 PM |
|
I've a bad feeling about all this.
Surely nothing not much movement can happen until Monday morning?
|
|
|
|
|
coins101
Legendary
Offline
Activity: 1456
Merit: 1001
|
|
January 31, 2015, 10:35:47 PM |
|
Google adds crypto, and the price goes down Price of BTC the currency is not relevant to the utility value of BTC the technology. Google adding crypto speaks to the latter not the former. Utility doesn't pay the utility company. They are not mutually exclusive. Price is everything. |
|
|
|
|
|
anshar
|
|
January 31, 2015, 10:35:55 PM |
|
I've a bad feeling about all this.
Surely nothing not much movement can happen until Monday morning?
Why not? Bitcoin is international money, it never sleeps on weekends. |
|
|
|
|
|
thresher
|
|
January 31, 2015, 10:36:33 PM |
|
I hope people don't fall for this trap twice in one day and let it hit 200.
|
|
|
|
|
|
anshar
|
|
January 31, 2015, 10:37:21 PM |
|
I hope people don't fall for this trap twice in one day and let it hit 200.
So it would be a good time to buy then, instead of sell. |
|
|
|
|
marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2349
Eadem mutata resurgo
|
|
January 31, 2015, 10:37:38 PM |
|
The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.
|
|
|
|
|
|
Walsoraj
|
|
January 31, 2015, 10:38:14 PM |
|
Bitcoiners await the coming of wall street like christians await the rapture.
Bitcoin is a cult. Get on with your lives.
|
|
|
|
|
|
anshar
|
|
January 31, 2015, 10:38:52 PM |
|
The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.
How did you get this figure of cost of production? |
|
|
|
|
|
Eamorr
|
|
January 31, 2015, 10:39:40 PM |
|
The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.
Warped logic. When you rent a house, is your rent determined by what the landlord's mortgage is? No - rent is determined by the market. It matters diddly squat how much electricity it cost to create the BTC. |
|
|
|
|
YourMother
Legendary
Offline
Activity: 1281
Merit: 1046
|
|
January 31, 2015, 10:40:19 PM |
|
The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.
 |
|
|
|
|
|
anshar
|
|
January 31, 2015, 10:41:06 PM |
|
The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.
Warped logic. When you rent a house, is your rent determined by what the landlord's mortgage is? No - rent is determined by the market. It matters diddly squat how much electricity it cost to create the BTC. However the landlord can dictate a higher price. So basically sellers need to raise their prices and buyers should follow. |
|
|
|
|
|
anshar
|
|
January 31, 2015, 10:43:36 PM |
|
Bitcoiners await the coming of wall street like christians await the rapture.
Bitcoin is a cult. Get on with your lives.
Hmmm, how is it a cult? Alot of bitcoiners do push it a lot I have to say but since the price drop only true believers are talking about it! |
|
|
|
|
|
CoinDox
|
|
January 31, 2015, 10:45:11 PM |
|
Google adds crypto, and the price goes down Price of BTC the currency is not relevant to the utility value of BTC the technology. Google adding crypto speaks to the latter not the former. Utility doesn't pay the utility company. They are not mutually exclusive. Price is everything. I did not mean to imply that the value of BTC the currency is irrelevant to the network as a whole. Miner's (utility companies if you will) depend on it yes. I was simply saying that the two can't be melded into one in a causation type of relationship. |
|
|
|
|
|
anshar
|
|
January 31, 2015, 10:45:44 PM |
|
Google adds crypto, and the price goes down Price of BTC the currency is not relevant to the utility value of BTC the technology. Google adding crypto speaks to the latter not the former. Utility doesn't pay the utility company. They are not mutually exclusive. Price is everything. I did not mean to imply that the value of BTC the currency is irrelevant to the network as a whole. Miner's (utility companies if you will) depend on it yes. I was simply saying that the two can't be melded into one in a causation type of relationship. Fair enough, you have a point. |
|
|
|
|
|
thresher
|
|
January 31, 2015, 10:47:49 PM |
|
I hope people don't fall for this trap twice in one day and let it hit 200.
So it would be a good time to buy then, instead of sell. Probably. It will get pumped 5-20 dollars and then slammed on us again, so if you like games why not  |
|
|
|
|
|
entertainment
|
|
January 31, 2015, 10:48:13 PM |
|
The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.
The actual cost is around 90$, for some miners even less. |
|
|
|
|
|
Poll
