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Author Topic: Marginal value of a bitcoin  (Read 1220 times)
FreeMoney
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June 19, 2011, 09:30:11 AM
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What would one more bitcoin be worth to you?

I'm interested to know if anyone thinks their marginal coin is worth far more or less than market rates. If an extra coin is worth less than market rate to you, why aren't you selling some? If a coin is worth more to you than market rate, why aren't you buying? Do we really all value an extra coin in the same narrow range?

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June 19, 2011, 09:47:11 AM
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Slightly less than whatever someone else will pay for it.
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June 19, 2011, 09:50:55 AM
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What would one more bitcoin be worth to you?

I'm interested to know if anyone thinks their marginal coin is worth far more or less than market rates. If an extra coin is worth less than market rate to you, why aren't you selling some? If a coin is worth more to you than market rate, why aren't you buying? Do we really all value an extra coin in the same narrow range?

I value my bitcoins at least $100 each if not more, yet I'm not buying more than I already have because of the risk profile.
I have X dollars invested in BTC, more than that would be too risky to my subjective risk profile, even though I think they're worth more than the current rate.

Please do not pm me, use ron@bitcoin.org.il instead
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June 19, 2011, 10:05:50 AM
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What would one more bitcoin be worth to you?

I'm interested to know if anyone thinks their marginal coin is worth far more or less than market rates. If an extra coin is worth less than market rate to you, why aren't you selling some? If a coin is worth more to you than market rate, why aren't you buying? Do we really all value an extra coin in the same narrow range?

I value more a bitcoin in 5 years than anything a bitcoin can get me now.

EDIT: Actually its not true, since I have used my bitcoins to buy several stuff, but it sounded cool.  Wink
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June 19, 2011, 10:23:02 AM
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The responses make me think I'm not clear.

I value my coins more than market value. That is not disputed.

But having one more or one less coin is pretty much the same as having 18 dollars more or fewer. If having one more coin was worth $50 to me then I would buy a coin. If another coin after that was still worth more than the market price I would buy another. Eventually I would have few enough dollars that they were quite precious to me and I wouldn't give any more up for another coin. This is where I always sit.

I completely understand about risk and subjective value that all factors in to how much I want an extra coin. I think Bitcoin is the greatest thing since food, but I won't pay $18 for another one so I can't say that my marginal coin is worth $100.

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June 19, 2011, 04:34:03 PM
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I think you should be comparing the cost of one more Bitcoin to the subjective value of the equivalent USD. For example, to me, one more BTC is worth much more than the current market rate, but I won't transfer the USD in my bank account because I still need it to pay my mortgage, buy groceries, pay utilities, etc. If I had more disposable income, I'd convert it.

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June 19, 2011, 05:11:32 PM
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If I were just looking at bitcoins as an outsider, not knowing a thing about mining etc.. I'd probably pay around 20 bucks each because they are quite abudant at the moment.

Maybe up to 50 bucks if fiat currencies start sinking in relation to gold/silver, and crash due to an economic crisis etc.

$1000+? Not in this lifetime without a very good reason. (Like the devaluation of dollars)

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June 20, 2011, 08:37:33 PM
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If I were just looking at bitcoins as an outsider, not knowing a thing about mining etc.. I'd probably pay around 20 bucks each because they are quite abudant at the moment.

Maybe up to 50 bucks if fiat currencies start sinking in relation to gold/silver, and crash due to an economic crisis etc.

$1000+? Not in this lifetime without a very good reason. (Like the devaluation of dollars)

What if there was a a merchant who would give you $1010 (value to you) worth of stuff? $1000 still too much?

This is off my point, but my point is either not clear or not interesting anyway.

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