Davyd05
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December 26, 2014, 07:31:30 AM
Last edit: December 26, 2014, 07:54:10 AM by Davyd05

There's lots of talk about cheap Bitcoins

So what USD Value do you think a Bitcoin would be cheap ?

I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.

It will continue to work regardless of what the price is.

I know the relentless greed around here will not agree with the above, the world still needs dreamers though.

Value is a more a confidence game than anything else.

Something is only worth as much as someone is willing to pay for it.

With that being said, I am willing to pay 0.01USD for 1BTC because that is what it is worth to me.

There may be other people out there that feel differently but unless they can make a good justification as to why I should pay more than that I am going to sit on my fiat.

Just my 2 cents.

grab a time Machine, and hop in it you can head back to buy off gox on the date 2010 -10 -03 until then stop talking pure nonsense edit begins: about your personal valuation.

How can we truly know what a cheap coin is? especially when this thing is barely adopted? each time you make a new ath .. and hold around the old ath following corrections in the market the cheap price has totally changed for those who sell it all out during a peak.

I try to imagine a situation that would suit your perspective cheap prices, maybe a major speculator holding something larger than that bearwhales 30k. This speculators is just gonna sneak it all on too multiple exchanges and dump us back to 2010 or 2012-2013 levels. IMO if that happens we'll have lots of signals of the impending doom. Is it purely your fear of the speculators? that makes you think were just gonna dump into the ground?