pvz



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NewbieActivity: 53Merit: 0 Current STABLE bitcoin market price? April 02, 2013, 07:40:51 PM

Last edit: April 03, 2013, 12:17:08 AM by pvz #1



Here on BitcoinTalk I noticed some more input on my



With this poll I would like to promote the awareness about the influence the Bitcoin Community has on the bitcoin price.



I think the bitcoin market price is not given.

It is set by individuals, or set by the community as a whole.



The stability and predictability (=trust) can be set by the community if it acts as whole. On Reddit my previous post was downvoted, so I am very curious what could be a stable BTC price for the next few weeks.Here on BitcoinTalk I noticed some more input on my previous post With this poll I would like to promote the awareness about the influence the Bitcoin Community has on the bitcoin price.I think the bitcoin market price is not given.It is set by individuals, or set by the community as a whole.The stability and predictability (=trust) can be set by the community if it acts as whole.

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EtherDais



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MemberActivity: 60Merit: 10 Re: Current stable bitcoin market price? April 02, 2013, 08:00:16 PM #3 I came from a reddit link saying "I am willing to sell my bitcoins for:"



I guess i'm disappointed that there are only prices and no option for 'physical stuff', or "useful labor" or something like that...

Strophon



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NewbieActivity: 21Merit: 0 Re: Current stable bitcoin market price? April 02, 2013, 08:57:12 PM #10 Quote from: dree12 on April 02, 2013, 08:52:47 PM Current stable bitcoin market price.



Right, but he's not asking if you would sell at a premium over today's market price, because as you said, everyone obviously would (and then most of them would buy back the bitcoins at a profit--I certainly would). He's asking what the fundamentals currently indicate as to what the "correct" price of a bitcoin is. So, if you would sell 50% of your coins tomorrow if the price hit $150, then that's your answer. If you expect you'd wait until $500 or $1000, that's the answer. It's a question of what would the market have to be willing to pay for you to sell your coins. Right, but he's not asking if you would sell at a premium over today's market price, because as you said, everyone obviously would (and then most of them would buy back the bitcoins at a profit--I certainly would). He's asking what the fundamentals currently indicate as to what the "correct" price of a bitcoin is. So, if you would sell 50% of your coins tomorrow if the price hit $150, then that's your answer. If you expect you'd wait until $500 or $1000, that's the answer. It's a question of what would the market have to be willing to pay for you to sell your coins.