Bitcoin Forum
March 29, 2024, 11:36:14 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3] 4 »  All
  Print  
Author Topic: why price so low  (Read 3927 times)
Taro Kudo
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
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$.
Assume If bitcoin replaces this gold value, 1btc can be 214000$.
1711712174
Hero Member
*
Offline Offline

Posts: 1711712174

View Profile Personal Message (Offline)

Ignore
1711712174
Reply with quote  #2

1711712174
Report to moderator
1711712174
Hero Member
*
Offline Offline

Posts: 1711712174

View Profile Personal Message (Offline)

Ignore
1711712174
Reply with quote  #2

1711712174
Report to moderator
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711712174
Hero Member
*
Offline Offline

Posts: 1711712174

View Profile Personal Message (Offline)

Ignore
1711712174
Reply with quote  #2

1711712174
Report to moderator
1711712174
Hero Member
*
Offline Offline

Posts: 1711712174

View Profile Personal Message (Offline)

Ignore
1711712174
Reply with quote  #2

1711712174
Report to moderator
1711712174
Hero Member
*
Offline Offline

Posts: 1711712174

View Profile Personal Message (Offline)

Ignore
1711712174
Reply with quote  #2

1711712174
Report to moderator
Revalin
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g


View Profile
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.

      War is God's way of teaching Americans geography.  --Ambrose Bierce
Bitcoin is the Devil's way of teaching geeks economics.  --Revalin 165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g
Revalin
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g


View Profile
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.

      War is God's way of teaching Americans geography.  --Ambrose Bierce
Bitcoin is the Devil's way of teaching geeks economics.  --Revalin 165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g
phantomcircuit
Sr. Member
****
Offline Offline

Activity: 463
Merit: 252


View Profile
September 03, 2011, 07:57:24 PM
 #44

It's been a series of calamities one after another.
Bitcraft
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
September 04, 2011, 02:39:22 AM
 #45

Enjoying the new difficulty though.
mykroft
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
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.
Gustavofring
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
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.
Cato
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
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?
BitcoinRedLight
Newbie
*
Offline Offline

Activity: 38
Merit: 0


View Profile WWW
September 08, 2011, 01:16:34 PM
 #49

It's been a constant string of mishaps. It could readily be lower.
Gyom
Donator
Member
*
Offline Offline

Activity: 83
Merit: 10


View Profile
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
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
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
AssemblY
Full Member
***
Offline Offline

Activity: 392
Merit: 100



View Profile
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
Member
**
Offline Offline

Activity: 116
Merit: 10



View Profile
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
Mrbit
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
September 22, 2011, 12:12:48 AM
 #54

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
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
September 22, 2011, 08:57:26 AM
 #55

Hopefully this is the equilibrium point for the price for bitcoin but most likely not
StanMarsh
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
September 22, 2011, 11:33:14 PM
 #56

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!
idontknow
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
September 24, 2011, 04:27:22 AM
 #57

now that fall is coming and winter after that

Is that from the latest Rebecca Black song?
Shawshank
Legendary
*
Offline Offline

Activity: 1623
Merit: 1608



View Profile
September 28, 2011, 09:11:44 PM
 #58

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.

Lightning Address: shawshank@getalby.com
film2240
Legendary
*
Offline Offline

Activity: 1022
Merit: 1000


Freelance videographer


View Profile WWW
September 28, 2011, 10:25:40 PM
 #59

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

[This signature is available for rent.BTC/ETH/LTC or £50 equivalent a month]
[This signature is available for rent.BTC/ETH/LTC or £50 equivalent a month]
[This signature is available for rent.BTC/ETH/LTC or £50 equivalent a month]
danman87
Member
**
Offline Offline

Activity: 80
Merit: 10



View Profile
September 28, 2011, 11:04:23 PM
 #60

He's talking about Bruce. Not tough to Google.
Pages: « 1 2 [3] 4 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!