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Author Topic: So it's fair to say bitcoins are worth $5 bucks?  (Read 2914 times)
Blackout
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October 01, 2011, 07:09:15 AM
 #1


This is the longest run I have seen where they are pretty much stable at 5 bucks with a little up and down movement but they have been at 5 bucks average for a month now.

Agree?


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worldinacoin
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October 01, 2011, 07:11:05 AM
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Nope just because it hovers around $5 for a certain period of time does it make it worth $5 at all.  The time window you are looking at are far too narrow, IMHO.
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October 01, 2011, 07:41:09 AM
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nope, the needs are incresing in China.

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October 01, 2011, 08:03:24 AM
 #4

The price was under $0.01 for much longer.

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d.james
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October 01, 2011, 08:29:54 AM
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we'll meet in the middle then, $2.51 it is!

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worldinacoin
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October 01, 2011, 08:42:08 AM
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Set!  How many bitcoins do you have?  I am willing to buy them all up at $2.51 Smiley
Serge
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October 01, 2011, 03:50:25 PM
 #7

We're not anywhere near term 'stable' but they're worth 5 bucks at the moment =) can we find at least one person who is certain the same rate will be in a month, two, six, etc.? we're not even certain of tomorrow as it can shoot off the charts in either direction at any moment
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October 01, 2011, 03:57:17 PM
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I prefer the term 'cheap' to stable. Wait for it...

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October 01, 2011, 04:20:25 PM
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Bitcoins are worth thousands of dollars. We'll see how long it takes for people to realize this Smiley
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October 01, 2011, 09:30:24 PM
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Bitcoins are worth thousands of dollars. We'll see how long it takes for people to realize this Smiley

If you realize it already, you can buy all my bitcoins for just hundreds of dollars Smiley

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October 02, 2011, 06:28:13 AM
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I agree with the OP, if anything it has hit long term support. I've bought in for the first time, 15 BTC initial investment.
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October 02, 2011, 05:34:29 PM
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I figure if it's a little more stable now, maybe it'll be more useful. Of course, trying to sell a lot of coins at once in such a shallow market isn't going to work very well, so I'm limiting myself to only a handful.
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October 02, 2011, 06:15:27 PM
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Bitcoins are worth thousands of dollars. We'll see how long it takes for people to realize this Smiley

I agree with this.  problem is I have to give up about 2/3 just to pay the electric  Sad

I think the very bottom is cost of electricity to produce..  so roughly 3? 3.5?

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October 02, 2011, 06:20:47 PM
 #14

Looks like nobody is making money off these things due to electricity costs... but Hey! Atleast we are getting expensive video card hardware for free in the end Wink

I can see it now... everyone that was into bitcoins now turns into a "Used Video Card Retail Store" LOL
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October 02, 2011, 06:26:56 PM
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You can already see the effect on prices for used 5850s and 5870s. A local forum where I usually buy my second hand stuff is getting flooded by ex miner cards, and they are going cheap or not getting sold. Im holding off a bit longer, when the real fire sale begins. Then pick up a bunch and hopefully enjoy a profitable few months if BTC price starts to rise and difficulty lags enough.

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October 02, 2011, 07:42:54 PM
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Its a belgian forum, 9lives. 5870s going for 125 euro. 5850s for ~90

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October 02, 2011, 10:06:36 PM
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I like the price range BTC has been sitting in recently. Not too little, not too much.

Help Bitcoins by buying clothes, technology, books, etc. through people/stores that accept BTC. This will increase overall value of BTC as well as mitigate unnecessary bank transaction fees.

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jjiimm_64
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October 03, 2011, 01:32:09 AM
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Its a belgian forum, 9lives. 5870s going for 125 euro. 5850s for ~90

Crap, too bad, I'm in USA. Shipping kills the savings. Thanks

I seen a 5870 on ebay last night for 175 usd.    that is about the same.

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October 03, 2011, 02:08:15 AM
 #19

Well in July we pretty much had the same thing and look what happened.

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October 03, 2011, 02:22:30 AM
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Well in July we pretty much had the same thing and look what happened.

Exactly. Look at the last 10 days of July. At the time everyone said that a bitcoin was worth $14.
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