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Started By
Message
How do you go about valuing Bitcoin?
Posted on 10/20/17 at 8:12 pm
Posted on 10/20/17 at 8:12 pm
Reached $6500 today. How do you go about determining what is a good/fair market price for it?
7
Posted on 10/20/17 at 8:14 pm to euphemus
Speculation
After the 25th, there will be a big correction
Eta: where did it hit 6500?
After the 25th, there will be a big correction
Eta: where did it hit 6500?
This post was edited on 10/20/17 at 8:16 pm
Posted on 10/20/17 at 8:15 pm to Jones
quote:
After the 25th, there will be a big correction
What's happening on the 25th?
Posted on 10/20/17 at 8:19 pm to euphemus
Btc fork. Btc holders will receive btc gold on a 1:1 basis.
After that, I think the price will go down a good bit
After that, I think the price will go down a good bit
Posted on 10/20/17 at 8:19 pm to euphemus
You don't know what's happening on the 25th?!
Posted on 10/20/17 at 9:10 pm to euphemus
I dunno I bought at 1700 (100) and 2300 (750) so I do not have much involved, but what I have looks great 
Posted on 10/20/17 at 10:18 pm to euphemus
It hit 6000 today, not 6500 fwiw
Posted on 10/21/17 at 7:42 am to euphemus
You don't. It is a fiat and useless in an emergency.
Posted on 10/21/17 at 11:28 am to Jones
quote:
Btc fork. Btc holders will receive btc gold on a 1:1 basis.
After that, I think the price will go down a good bit
That's what I expected leading up to and after the last fork, but BTC surged after the BCC (Bitcoin Cash) fork and the 1:1 split was free money.
Posted on 10/21/17 at 11:57 am to euphemus
quote:
How do you go about determining what is a good/fair market price for it?
Uh, you can't.
Posted on 10/21/17 at 12:14 pm to euphemus
quote:
How do you go about determining what is a good/fair market price for it?
whats a good/fair market price for real estate in new orleans in 2020?
and go...
Posted on 10/21/17 at 1:16 pm to euphemus
This may be a good start:
Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond
I have not read it, but listened to a podcast with one of the authors a few days ago and it seemed interesting.
Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond
I have not read it, but listened to a podcast with one of the authors a few days ago and it seemed interesting.
Posted on 10/22/17 at 9:48 am to notsince98
People love to down vote criticism of bitcoin but look at Puerto Rico. If the internet is down it is absolutely worthless.
Posted on 10/22/17 at 2:37 pm to notsince98
I think thought out constructive criticism has always been welcomed.
This i don't think is that.
You know what else isn't working in Puerto Rico? Cell phones, microwaves, refrigerators, air conditioning, running potable water, etc. Basically everything is shut down.
So yea Puerto Rico might not be the best example of a bitcoin con.
This i don't think is that.
You know what else isn't working in Puerto Rico? Cell phones, microwaves, refrigerators, air conditioning, running potable water, etc. Basically everything is shut down.
So yea Puerto Rico might not be the best example of a bitcoin con.
Posted on 10/23/17 at 8:35 am to Jones
quote:
So yea Puerto Rico might not be the best example of a bitcoin con.
But a dollar works there.
Posted on 10/23/17 at 11:08 am to JayDeerTay84
quote:
But a dollar works there.
Yup. and that is something everyone should be considering when it comes to changing the financial system moving forward.
Bitcoin gave us block chain (thank heavens for that) but it still does not appear to be as good of a solution as cold hard cash in some form unless we get to a point where disasters or emergency situations are no longer possible.
The best system is going to be a hybrid where both electronic and cash can exist together.
Posted on 10/23/17 at 11:31 am to notsince98
quote:
The best system is going to be a hybrid where both electronic and cash can exist together.
Posted on 10/23/17 at 12:10 pm to barry
quote:
quote:
How do you go about determining what is a good/fair market price for it?
Uh, you can't.
Sell it, and see how much actual money you get.
Posted on 10/23/17 at 1:48 pm to TigerTatorTots
quote:I got in at I think $300 ish then out at $2000. FML!!!
It hit 6000
Posted on 10/23/17 at 3:53 pm to shel311
quote:
I got in at I think $300 ish then out at $2000. FML!!!
This mentality is what screws over so many people.
You folded your money a few times. You did well and guaranteed yourself a good return. You should be congratulating yourself.
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