When Will Bitcoin Hit $3,000?

[Pekelo]

Calculating a stock's

I thought this thread was about bitcoin...

And that is why Buffett missed out on the tech revolution of the late 90s, because most of those companies skyrocketed on big nothing... It is OK to buy into a bubble/Ponzi, as long as you know it is a bubble/Ponzi and the music can stop at any moment...

 

[Pekelo]

I'd just like to see their intrinsic value calculation.

Impossible to know, specially because it is not a stock, so we can't use the standard stock evaluation. It isn't a commodity either, so any evaluation comparing it to gold is also off.
You ask 10 experts, you will get then very different prices all over the place. But if you like to read a lot:

http://www.investopedia.com/articles/investing/091814/what-bitcoins-intrinsic-value.asp

I personally keep to my original opinion. In history nothing that was easy to create and copy and had no copyright protection kept its value for an extended period. Nothing. So I don't see why bitcoin should be different when altcoins galore and some of them are better more advanced already not to mention easier to fix and improve. Easy example is Litecoin already implementing SegWit while the bitcoin kids are still fucking around...

 

[jj90]

Everyone is a winner in hindsight. Call it before not after the event and you might get the respect you're after.

Couldn't care less what ET thinks about me. I suspect whoever cares about respect on an anonymous internet forum has a massive case of insecurity.

You might want to take a reading comprehension class too, my point is clearly not about respect.

 

[lovethetrade]

Couldn't care less what ET thinks about me. I suspect whoever cares about respect on an anonymous internet forum has a massive case of insecurity.

You might want to take a reading comprehension class too, my point is clearly not about respect.

Good, look forward to hearing you call it before the event next time.

 

[SunTrader]

Impossible to know, specially because ...

Do you always answer for someone else?

 

[Pekelo]

Do you always answer for someone else?

Did you get the answer you have been looking for? There was no quote in your post, so I figured it was generic. But fuck me sideways for giving you info you wanted, I guess...

 

[Visaria]

WTF - so let's see your intrinsic value calculation?

Let's see this chap's calculation first!

With the information currently available, I believe intrinsic value of Bitcoin is USD$2200.

 

[SunTrader]

Did you get the answer you have been looking for? There was no quote in your post, so I figured it was generic. But fuck me sideways for giving you info you wanted, I guess...

1142am ET post - which is what you replied to first. But more importantly see what it "actually" says - not what you think/assume it says.

Then .... let it go with giving me information I wanted - which I didn't want.

 

[JeffGoldman]

Really good thought provoking article on the potential for cryptocurrency potential value:

https://techcrunch.com/2017/05/28/double-double-cryptocoin-bubble/

 

[Nighthawk]

Let's try it again! $1000 and $2,000 didn't take long!

You mean before OR after FBI/CIA close the whole BitCoin illusion for money laundering on a never before seen scale - involving the world´s top gun traffickers, drug smugglers, child porn offenders (don´t have the time to end the list of criminal activties covered by BTC payments)?

Ever heard of Liberty Reserve? Yep, that´s how it´s going to end....

https://en.wikipedia.org/wiki/Liberty_Reserve

Liberty Reserve was a Costa Rica-based centralized digital currency service that billed itself as the "oldest, safest and most popular payment processor, serving millions all around a world".[1] The site had over one million users when it was shut down by the United States government. Prosecutors argued that due to lax security, alleged criminal activity largely went undetected, which ultimately led to them seizing the service.[2]

In May 2013, Liberty Reserve was shut down by United States federal prosecutors under the Patriot Act after an investigation by authorities across 17 countries. The United States charged founder Arthur Budovsky and six others with money laundering and operating an unlicensed financial transaction company. Liberty Reserve is alleged to have been used to launder more than $6 billion in criminal proceeds during its history.[3]