why price so low

[Taro Kudo]

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$.
Assume If bitcoin replaces this gold value, 1btc can be 214000$.

[Revalin]

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.

[Revalin]

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.

[phantomcircuit]

It's been a series of calamities one after another.

[Bitcraft]

Enjoying the new difficulty though.

[mykroft]

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]

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]

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

[BitcoinRedLight]

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

[Gyom]

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

[iprivately]

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]

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.

 

[Troll Toll]

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

[Mrbit]

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]

Hopefully this is the equilibrium point for the price for bitcoin but most likely not

[StanMarsh]

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]

now that fall is coming and winter after that

Is that from the latest Rebecca Black song?

[Shawshank]

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.

[film2240]

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

[danman87]

He's talking about Bruce. Not tough to Google.