Bitcoinpro (OP)
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August 16, 2014, 01:55:28 PM |
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And only roughly 40% below its peak and since that this was a short lived high you could actually
say its still relatively equal to its medium term price or maybe slightly higher. Its hasn't been around
long enough yet to really gain a historical price and these need to be adjusted for inflation too,
don't forget that when you look at the Historical price of assets like gold silver iron or oil that
the money supply is much greater and even though in dollar terms they look more expensive this
may just be because you don't have such an easy access to the money supply that governs them.
You could say in the last year money supply could possibly have increased 10% so the actual price
today of Bitcoin to 1 year ago adjusted to inflation could be $40 lower than what it is
currently, which makes even more sense and brings its slightly closer to its medium term price while
still on a fairly reasonable upward trend since it is retroactively absorbing inflation.
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galbros
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August 16, 2014, 05:05:13 PM |
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This is comforting but I wonder if we'll be able to say the same in November. Bitcoin has had ups and down but usually is higher than it was a year ago. However, this coming winter will be a big test.
Good Luck.
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fusioncoins
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August 16, 2014, 05:14:45 PM |
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We have to wait and see. If November we'll have still 500$ level will be an huge loss in last year.
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iluvbitcoins
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August 16, 2014, 05:53:54 PM |
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I expected bitcoin to reach 1k again at the end of 2014., but hell when I started using we were 120, so I'm happy ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Looking for a signature campaign.
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ajareselde
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August 16, 2014, 06:11:07 PM |
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I expected bitcoin to reach 1k again at the end of 2014., but hell when I started using we were 120, so I'm happy ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) lol, i starte when it was only like 5$, but i still need it way higher before i can say im happy about it. Its hard for regular folks to resist the temptation to sell when it spikes in price insanely.. I agree we will likely see over 1k$ per btc by new year, but im wishing for much more ^^
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Ayers
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August 16, 2014, 06:30:58 PM Last edit: August 17, 2014, 07:36:52 AM by Ayers |
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the average increase per year is what it matters, not certainly the swing that may occur, it looks like not many have understood this
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InwardContour
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August 16, 2014, 08:03:45 PM |
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the average increase per year is what it matters, not certainly the swing tha may occur, it looks like not many have understood this
Exactly, let's wait for the end of the year before make worthless comparisons, I have never been disappointed with bitcoin value, it's still growing, and fast.
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BitcoinBobbeh
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August 17, 2014, 05:38:36 AM |
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This is comforting but I wonder if we'll be able to say the same in November.
This. Once December hits and we aren't at $1,000 I think some of you to-the-moon weirdos might finally calm down. Not to say I wouldn't like moon ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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By the end of next month at the latest we will have permanently left behind 3 digits. You can quote me on this.
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xkeyscore89
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August 17, 2014, 05:45:05 AM |
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the average increase per year is what it matters, not certainly the swing tha may occur, it looks like not many have understood this
Exactly, let's wait for the end of the year before make worthless comparisons, I have never been disappointed with bitcoin value, it's still growing, and fast. I think it would be a long shot to say that bitcoin will close the year above $1,000 as this would be more then double the current prices, although bitcoin has gone up 10x in less time in the past. However I really do not see anything that could potentially cause the price to go up like this.....except possibly the Ross Ulbright trial.
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leezay
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August 17, 2014, 08:07:25 AM |
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Any asset class that go up by 300% will eventually have correction to weed out the weak hand. Once the weak hands are shaken out, it may or may not have another rally.
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niothor
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August 17, 2014, 09:32:07 AM |
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We have to wait and see. If November we'll have still 500$ level will be an huge loss in last year.
Indeed if price stays the same , in just 4 months we will have to say , bitcoin has lost 50% of it;s value. But probably then most bullish people will say , hey bitcoin has gained 5x in two years. Choosing randomly the times of comparison is no way tot do it.
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dothebeats
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August 17, 2014, 09:45:08 AM |
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Bitcoin's price volatility affects much of its peers and investors' decision to buy it. We saw bitcoin reached its ath in November 2013, and we also saw it dropped to $450 per coin. Imo, these things are only normal to bitcoin's nature, which makes it an interesting topic to watch, study, and take part in. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Jamacn
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August 18, 2014, 08:07:24 AM |
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Yes, the price is still reassuring now
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iluvpie60
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August 19, 2014, 01:38:50 PM |
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And only roughly 40% below its peak and since that this was a short lived high you could actually
say its still relatively equal to its medium term price or maybe slightly higher. Its hasn't been around
long enough yet to really gain a historical price and these need to be adjusted for inflation too,
don't forget that when you look at the Historical price of assets like gold silver iron or oil that
the money supply is much greater and even though in dollar terms they look more expensive this
may just be because you don't have such an easy access to the money supply that governs them.
You could say in the last year money supply could possibly have increased 10% so the actual price
today of Bitcoin to 1 year ago adjusted to inflation could be $40 lower than what it is
currently, which makes even more sense and brings its slightly closer to its medium term price while
still on a fairly reasonable upward trend since it is retroactively absorbing inflation.
i don't really see where anyone sees an "uptrend" except for they think "it must happen because it happened before". honestly that is all i seem to get out of people. more companies are allowing people to pay with btc, but that doesnt mean they will. you can pay with paypal in grocery stores and tons of different places and blah blah, do you see a majority of people paying with paypal? nope, and the majority of people WILL NEVER be concerned about where their money is going. we are going to have to accept that and move on to just getting more ppl to use it.
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w4ssop
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August 19, 2014, 02:33:12 PM |
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Yes it is (almost) 300% than last year but who knows if in a few months we will see a new bubble, that's the point.
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Bitwayup85
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August 19, 2014, 02:35:31 PM |
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BTC had many ups and downs, but its stable in my opinion. I expect to rise till 700 by this 2015 Jan.
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Rakitich
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August 19, 2014, 02:54:05 PM |
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Exactly, people dont like to look at the big picture and enjoy the panic it seems. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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datehunter
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August 19, 2014, 02:58:14 PM |
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BTC had many ups and downs, but its stable in my opinion. I expect to rise till 700 by this 2015 Jan.
Bitcoin's value isn't "stable", it's exponential growth is unpredictable in my opinion.
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Ayers
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August 19, 2014, 03:00:59 PM |
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this mean that bitcoin is increasing at 60% rate every year? counting from 2010(from the 1 january)
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CryptInvest
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August 19, 2014, 06:47:47 PM |
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Bitcoin certainly will block up, but to call timing is not real. Once the law becomes known to most, it ceases to exist.
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