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Author Topic: Priceonomics values bitcoin at $10 (fair value)  (Read 1530 times)
Saturn7
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May 05, 2012, 02:20:04 PM
 #1

Just saw a link on Hacker News that Priceonomics raised $1.5 Million.
Went to check out the site.
Typed in a bunch of stuff in then I typed in bitcoin  Tongue

http://priceonomics.com/search/?q=bitcoin

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1513546733
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chsados
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May 05, 2012, 02:24:23 PM
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uuhhh... this is dramaticly flawed.  it looks like they are basing their findings on old ebay links.
Saturn7
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May 05, 2012, 02:30:08 PM
 #3

Yeah I typed in Porsche Carrera GT and it said $49 lol I'll take 10 please. Grin

http://priceonomics.com/cars/porsche/carrera-gt/

uuhhh... this is dramaticly flawed.  it looks like they are basing their findings on old ebay links.

First there was Fire, then Electricity, and now Bitcoins Wink
kwukduck
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May 05, 2012, 04:19:37 PM
 #4

The fair value is exactly what it trades for at any moment.

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Gabi
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May 05, 2012, 06:57:51 PM
 #5

The fair value is exactly what it trades for at any moment.
/thread
triplehelix
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May 06, 2012, 12:34:14 AM
 #6

The fair value is exactly what it trades for at any moment.

actually, no.
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May 06, 2012, 12:39:46 AM
 #7

The fair value is exactly what it trades for at any moment.
/thread

Price and value are two different things. The market is not efficient. Some things are overvalued, some are undervalued it's the way it is.
ElectricMucus
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May 06, 2012, 12:48:34 AM
 #8

shady site is shady  Tongue
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May 06, 2012, 01:17:29 AM
 #9

Today, I will sell you all of mine at $9 each, a 10% discount to that value. 

drakahn
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May 06, 2012, 03:42:41 AM
 #10

Today, I will sell you all of mine at $9 each, a 10% discount to that value. 
well, if you looked at the data it is using it is $10 as an average and there are 2 BTC and 3 BTC prices taken into that
1 BTC is $8 according to that site it seems.

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