How do you evaluate the value of Bitcoin literally at all?
You guys are just gambling...
How do you evaluate the value of Bitcoin literally at all?
Bentley Gomez
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Nathaniel Thomas
speculating my dear friend
Caleb Sullivan
amount of money in the world :
10000000000000000000000+ gigazillionmillion and 100 bilion being printed extra all over the world.
Number of bitcoins : 21mil
so tell me son, what has more value to have in your opinion?
Adam Morales
Money, obviously.
Xavier Edwards
10/10/2018
A date in which nothing will happen at all.
Evan Price
I think stocks are a better store of value than fiat or bitcoin. Behind a stock is a real, profit making machine.
Carson Baker
>MSM will shill stocks to buy well into October. The FED starts unloading their balance sheets big time at the end of October. Markets will start diving sometime between then into December. We begin 2019 going into Recession. This will cause the debt bubble to pop as people lose homes, jobs and savings. The country is a mess and MSM will blame Trump for the rest of his presidency leading into 2020 elections. The people who voted for Trump into office will lose confidence in him. The elite will prop up a democratic socialist candidate as the new savior for the country. Trump loses 2020 election. America slowly turns socialist.
>Bitcoin & crypto goes on historic bullrun around 10/18 as indicated in pic
Isaac Smith
Okay sure, but why is it valued at $6k and not $2k or $50k at the present moment?
Alexander Watson
s3.eu-west-2.amazonaws.com
"If Bitcoin were to become the
dominant monetary store of value cryptoasset, based on my total mature network value estimate of USD 4.7 – 14.6 trillion, it would be worth approximately USD 260,000 – 800,000
per BTC fully-diluted at maturity
Jaxson Roberts
>If
That's a big "if" my dude.
Julian Diaz
Kek nah.
Trump's got full control of this economy
stock may go into a lull as he wraps up this stupid russian bullshit but there will not be a recession.
Cryptos will go on a bullrun though.
Or should I say, a crypto.
Connor Hernandez
long term baseline: nature of supply and size of the market.
short term price: it's fucking random all feels and memes and fomo.
so there is it. don't try to predict the price tomorrow but think about what it could be in 5 years... as the market cap and usage grows the volatility should decrease.
Brody Murphy
Because of demand/supply? But in the end it's all speculation and no one fucking knows what one Bitcoin should be worth. If Bitcoin were to replace gold then one Bitcoin would be worth $350,000 to give you an idea how high the price could go.
Ryan Jackson
By how many humans on the planet are using it daily, so right now it's shit.
Xavier Parker
Thats my 3rd yr anniversary
Liam Cook
This just in, people love to speculate on non-yielding assets, more at 11
Look at gold and crude, same shit, especially for gold which is essentially a rare shiny rock
Landon Miller
Generally bitcoin doesn't go below the marginal cost to produce because miners can simply choose to hoard coins if price is too low, restricting supply and theoretically providing incentive for prices to rise assuming demand is constant (demand likely rises as prices fall as smarter money starts to buy). Prices above marginal cost are the result of speculative forces in the market as the actual availability of BTC on public markets is so low it only takes minor demand changes at the margin to move price higher or lower
Isaiah Reed
like teranos right?
Nolan Jenkins
All the companies that are pulling the s&p along are tech companies. Which are all extremely overvalued and don’t make hardly any money if any
Aaron Green
Don't invest in the s&p then. I invest in micro & small caps which nobody knows about.
Michael Hall
Haha, you funny!
Obviously do your research before investing and diversify.
Luis Gray
And what drags all of those stocks along? The big companies. You are doing the equivalent of investing in shitcoins. Not that I don’t do the same. But it is what it is
Jaxon Peterson
never gonna make it
Landon Hernandez
Also, stocks pay dividends, even if you are not able to sell the stock at a higher price to others.
Jordan Morgan
instead ask how much value is there in completely bypassing jewish trickery?
Angel Campbell
Based post. Thanks for shilling that pic I first was spamming weeks ago