How to value Bitcoin

johnarb said:
I'm having a great time watching the nocoiners being so salty BWAHAHAHAHAHahahahahahhahahah

When bitcoin hits $100K, there will be some epic melting of nocoiners' faces BWWWAAAAAHHAHAHAHAHAHAH


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Schadenfreude, schadenfreude, how sweet is Schadenfreude!

#HaveFunStayingPoor LOSERS!
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This guy is your smart relative, he bought bitcoin

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I assume this person is like 12. Anyway....serious question:

"Why do crypto people think there is no other way to make money?" Odd concept really. It's like saying that you make all of your money as a landlord, so the guy who owns a few franchises of a fast food company is an idiot. It is almost like they are so busy pumping themselves up, that's what they have.

I HAVE made a bit of money in crypto, mainly in ADA and VET. However, I never for once thought I was going to retire on any of it. I traded it, like anything else. It's a skill I have, and can take it into any market I wish. It's what I do, be it FX, stocks, futures, or even digital tulips. If it moves, I can trade it.

"Getting rich" via crypto is something that a lot of people WON'T be doing. They will shit their panties if there is another massive sell off.

Again, I get it. Market goes parabolic and you don't sell it makes you brilliant. However, why does the market matter? Also, as soon as central banks release a digital coin - the game is over whether you like it or not. (At least from the digital currency side of things.) I do think there is a big future for block chain in some things, but it is much further away than a lot of the children think.
 
yc47ib said:
It is like saying：internet has no intrinsic value, encryption has no intrinsic value, URL has no intrinsic value, domain name has no intrinsic value, whatever I do not understand has no intrinsic value, LOL.
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No, it not like saying that at all.

You could very well see something like this one day:

Bitcoin = MySpace
Cardano = Facebook
 
tsznecki said:
The internet is just a bunch of 0's and 1's. Just a bunch of numbers right?

What's the intrinsic value of gold?
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Gold has an intrinsic value (or fundamental value) that exists but does not match its market value. Gold is required for certain scientific and manufacturing processes that are unique to it so it has a real value that no other element can replace same with silver.
 
BeautifulStranger said:
The ultimate result of Bitcoin and other cryptocurrencies will be a transfer of wealth from many poor, late adopters to a few wealthy, early adopters. A substantial amount of Bitcoin is in industry hands.

Several upcoming Bitcoin ETFs and increasing acceptance of Bitcoin as payment will likely supportive of prices for a while, allowing some big players to reduce their holdings into new liquidity.

India and Turkey, or it may have been another country in the Middle East, have banned Bitcoin, which might be considered as an early warning, like “Dead canaries in a coal mine”, so to speak. Throughout human monetary history, competing forms of payment against established forms of currency have had a rocky road. This history even includes gold. The more popular Bitcoin becomes, the quicker its demise, as Governments realize the effectiveness of their monetary and economic policies are reduced against a competing form of payment.

If, or when, Bitcoin and other cryptocurrencies are ultimately outlawed or otherwise substantially hobbled by Government action, the fantasy that a viable black market in cryptocurrency can be maintained would soon be broken, as all computer operating systems and communications are vulnerable to Government action.

Cryptocurrencies, especially Bitcoin, are being professionally marketed as an investment for “Suave, smart, sophisticates”. This marketing effort shows there are big players talking their book. Would this not be considered a solid sign these big players are wanting to reduce their exposure into liquidity? While the near term price outlook of Bitcoin seems positive, Bitcoin is not the sort of “Asset class” you want to plan on leaving to your kids.
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This is a very fascinating point. I know a lot of people say "It can NEVER BE STOPPED."

They obviously didn't watch how quickly half of the world rolled over at the first signs the governments were going to make them do things based on a flu.

The US Military tends to pay visits to countries that won't use the petrodollar. You better believe that if it ever competes against the greenback - there will be violence.
 
clockwork71 said:
I HAVE made a bit of money in crypto, mainly in ADA and VET. However, I never for once thought I was going to retire on any of it. I traded it, like anything else. It's a skill I have, and can take it into any market I wish. It's what I do, be it FX, stocks, futures, or even digital tulips. If it moves, I can trade it.
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You're an idiot and part of the problem of why ET folks are not jumping into this space

You say you HAVE made a bit of money, when wtf, you should have made tons of money doofus, VET is up almost 1000% since January of this year and over 4000% from a year ago, ADA is up hundreds of percent since January and about 3000% from a year ago

And you did not make millions off of them? Why? because you can make money somewhere else. You're stupid

Bitcoin and cryptos are worth over $1.8T and a lot of wealth are being created, ETH, LTC, DOT, SOL, LINK,, you can look up the performance of the top 100 coins from beginning of this year and from last year
 
Forex is a great business and I consider it as a big opportunity to make good money for my livings. I mostly trade with a low spread broker and my broker is regulated and reliable.
 
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