Bitcoin’s Price Falls 12%, to Lowest Value Since May
dealbook.nytimes.com
Bitcoin’s Price Falls 12%, to Lowest Value Since May
1–10 of 85 posts
Re: Bitcoin’s Price Falls 12%, to Lowest Value Since May
#2And this is NYT-worthy news?
Re: Bitcoin’s Price Falls 12%, to Lowest Value Since May
#3This isn't the end of it either. In a month or two, 475 dollars will look nice.
Re: Bitcoin’s Price Falls 12%, to Lowest Value Since May
#4And this is NYT-worthy news?
The bitcoin market is worthwhile $6.3B at the current time so its value is not that negligible and might have an economical impact.
NB: I'm saying that "it may have" not that "it has".
Re: Bitcoin’s Price Falls 12%, to Lowest Value Since May
#5This isn't the end of it either. In a month or two, 475 dollars will look nice.
> In a month or two, 475 dollars will look nice.
Based on what? Serious question. When people say this about stocks they are either:
1) pulling it out of their ass..
2) They have done some quantitative analysis, based on some sort of CFA teachings.
I'm assuming you are in camp 1 here. Not that there is anything wrong with a "gut feeling", I"m just not going to invest based on it:)
As a question to anyone, what sort of analysis can one do on bitcoin to derive a proper price for it? I'd be open to any quantitative analysis techniques here!
My wheel house is market microstructure, but I'd love to work on a model to value bitcoin with someone if they had any ideas.
Re: Bitcoin’s Price Falls 12%, to Lowest Value Since May
#6And this is NYT-worthy news?
Well New York Times blog worthy at the very least.
Re: Bitcoin’s Price Falls 12%, to Lowest Value Since May
#7I love how this is news when BTC value used to change by 40-60% a day lol...
Re: Bitcoin’s Price Falls 12%, to Lowest Value Since May
#8This isn't the end of it either. In a month or two, 475 dollars will look nice.
> In a month or two, 475 dollars will look nice. Based on what? Serious question. When people say this about stocks they are either: 1) pulling it out of their ass.. 2) They have done some quantitative analysis, based on some sort of CFA teachings. I'm assuming you are in camp 1 here. Not that there is anything wrong with a "gut feeling", I"m just not going to invest based on it:) As a question to anyone, what sort o…
Based on the same principles that lead us to think it's ok to pay 2000 for rent when it used to be 200.
There is always a new normal.
Edit: Why the downvote?
Re: Bitcoin’s Price Falls 12%, to Lowest Value Since May
#9I don't like the reasons this article gives for the decrease. I mean if regulations had been the cause of this price drop we would have seen this sort of thing happening in July.
My best guess is that this is caused by fear-based speculators who were trying to get rich on Bitcoin.
Re: Bitcoin’s Price Falls 12%, to Lowest Value Since May
#10Goddamnit, my $50 is only worth $44 now...