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Author Topic: why price so low  (Read 3473 times)
Taro Kudo
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September 02, 2011, 11:47:15 PM
 #41

I think bitcoin must make more connection with social value. Such as resources,  services, things made by imaginational and original ideas, food, clothes etc.

And transaction fee of bitcoin does'nt set mathematically.  This is a second things must be solved.

Third, bitcoin's Idea doesn't protected with patent. If it protected by patent bitcoin will be only one currency of this kind.

Anyway there are 150000 tons of gold in this world and 1 kg is 30000$.
Assume If bitcoin replaces this gold value, 1btc can be 214000$.
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Revalin
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September 03, 2011, 11:32:38 AM
 #42

let people do their math all they want. like the guys who are so smart and say silver and gold are bad investments.

This isn't a gold forum, so I'm gonna keep this short:



I don't have to do any math to see what's going on there.  Holy fucking parabola.  Intrinsic value has been left in the dust, and people are gonna get screwed.

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September 03, 2011, 11:44:56 AM
 #43

I think the $8-10 range is probably the true value of bitcoin at the moment.
...
(chart)
...
Sure, for the short-term, it's leveled off at 8.5.  But I'm a long-term player, so here's how I see it:



It's leveled off, but that's a hell of a long slide for you to be saying it's stable at its "true value" now.

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phantomcircuit
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September 03, 2011, 07:57:24 PM
 #44

It's been a series of calamities one after another.
Bitcraft
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September 04, 2011, 02:39:22 AM
 #45

Enjoying the new difficulty though.
mykroft
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September 06, 2011, 07:41:02 PM
 #46

Sure, for the short-term, it's leveled off at 8.5.  But I'm a long-term player, so here's how I see it:

It's leveled off, but that's a hell of a long slide for you to be saying it's stable at its "true value" now.

True, longer term it's down.  I was just referring to the post-conference week after we saw that initial jump before the conference.  It's anyone's guess as to what it'll do real long term.

Mykroft
Gustavofring
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September 07, 2011, 04:29:04 AM
 #47

I think it will take a revamp to the wallet system and transfers (alongside stabilization) before more businesses will adopt BTC and further stabilize it. It can take an hour or more before a transaction is 'confirmed' and the receiver has those BTC freed up to use.

This can't be our dog. Our dog is a talking dog
Cato
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September 07, 2011, 05:31:40 AM
 #48

The price of Bitcoins will eventually stabilize, but who can say when. Aren't skilled traders benefiting from volatility anyway?

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BitcoinRedLight
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September 08, 2011, 01:16:34 PM
 #49

It's been a constant string of mishaps. It could readily be lower.

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Gyom
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September 09, 2011, 02:23:09 PM
 #50

Price is still much higher than it was a year ago.

Everything depends on timing... buy when people are afraid, sell when people are greedy!

That's what they say on Wall Street Tongue
iprivately
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September 09, 2011, 02:41:08 PM
 #51

The price of Bitcoins will eventually stabilize, but who can say when. Aren't skilled traders benefiting from volatility anyway?

bingo! There's plenty of people making bitcoin money as we speak. don't be fooled
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September 16, 2011, 01:18:52 PM
 #52

We'll mine more and talk less.

Soon they'll have little bitcoins in the market, the cotation will up, and whoever have the most coins will cry less.

 Wink
Troll Toll
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September 17, 2011, 06:12:10 PM
 #53

now that fall is coming and winter after that i'll just use my 4 rigs as space heaters.

if only I lived in svalbard

You gotta pay
2112Daniel
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September 17, 2011, 06:46:48 PM
 #54

with such a huge community i dont think bitcoin can fail... theres so many people working behind it even if price went down...
Mrbit
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September 22, 2011, 12:12:48 AM
 #55

I still don't think we've seen a bottom, I think it will reach 2-3 dollars and then either stabilize or the bottom will fall out and we'll be talking cents.
cbryant23
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September 22, 2011, 08:57:26 AM
 #56

Hopefully this is the equilibrium point for the price for bitcoin but most likely not
StanMarsh
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September 22, 2011, 11:33:14 PM
 #57

I would'nt worry even if it went down to 1 $ or something. I'm sure it will go up like a few months ago, probably even higher!

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September 24, 2011, 04:27:22 AM
 #58

now that fall is coming and winter after that

Is that from the latest Rebecca Black song?

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Shawshank
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September 28, 2011, 09:11:44 PM
 #59

You have to keep in mind that every day approximately 7200 new Bitcoins are minted. This sustained supply keeps the price restraint. Eventually, in 2013 the supply will go down to 3600 Bitcoins per day, and it will halve again four years later. If the technical implementation is solid, and people trust its stability, the BTC/US$ exchange ratio may well go up.

Once Bitcoin is understood, the consequences of a bank-only system are evident: your wallet is your national identity card and all private keys are handed to the government
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September 28, 2011, 10:25:40 PM
 #60

I think it probably has something to do with our spokesman being revealed as a fraudster? Just my 2c

Can I see a link to this please? As it would be shocking if true.
Thank you

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