You base it based on the value of the currency it is replacing. It it takes the place of 5% of all USD in circulation and if there are only 4 billion (or whatever) bitcoins theoretically available, it is pretty easy to calculate.
From: Steve Jones Sent: Wednesday, December 06, 2017 6:18 PM To: [email protected] Subject: Re: [AFMUG] BTC 12k+ how would you even price items with a currency that fluctuates at this speed? You couldnt, youd have to price it on a reference, like the USD, which would be kind of a problem if your reference is what youre trying to get rid of, because youre awesome cryptocurrency is way betters. You folks into it should watch out, because im looking to get in on the ride, the last time i did that was Keyon, so Im like herpes to investment value On Wed, Dec 6, 2017 at 7:11 PM, <[email protected]> wrote: A professor I know calculated that if Bitcoin only got something like 5% of the world’s share of currency then it has a theoretical value of $100K or some thing like that. I don’t recall the exact numbers. Maybe it was just 1%. From: Steve Jones Sent: Wednesday, December 6, 2017 6:04 PM To: [email protected] Subject: Re: [AFMUG] BTC 12k+ I am curious, its over 14k right now. whats causing such a substantial gain? Given that its "digital infallible" Im wondering if its not an artificial inflation On Wed, Dec 6, 2017 at 6:55 PM, Joe Novak <[email protected]> wrote: I'm glad I'm only out electricity costs, I cash out when I hit the minimum don't keep anything on site. With a single card it's been taking maybe 3 or 4 weeks to hit payout though, and I turn it off when I'm using my PC. Joe On Wed, Dec 6, 2017 at 6:38 PM, Steve Jones <[email protected]> wrote: https://www.nicehash.com/ for the TLDR- "we apologize for your rectum stretching, we recommend preparation H and have a nice day... seeya wouldnt wanna be ya" On Wed, Dec 6, 2017 at 6:31 PM, Steve Jones <[email protected]> wrote: lulz On Wed, Dec 6, 2017 at 6:26 PM, Chris Wright <[email protected]> wrote: For Steve. J https://www.youtube.com/watch?v=XbZ8zDpX2Mg Chris Wright Network Administrator From: Af [mailto:[email protected]] On Behalf Of Louis Arsenault Sent: Wednesday, December 06, 2017 1:48 PM To: Animal Farm Subject: Re: [AFMUG] BTC 12k+ I can wipe that and make $10... LOL. On Wed, Dec 6, 2017 at 4:40 PM, Robert Andrews <[email protected]> wrote: To a "Batman" usb drive.... On 12/06/2017 01:27 PM, Sean Heskett wrote: don't leave your coin on coinbase move it to a more safe wallet or completely off line if you're paranoid On Wed, Dec 6, 2017 at 2:09 PM, Chuck Hogg <[email protected] <mailto:[email protected]>> wrote: I'm waiting for the Coinbase hack...that will really hit hard since they are handling more transactions than Mastercard. Regards, Chuck On Wed, Dec 6, 2017 at 3:57 PM, Steve Jones <[email protected] <mailto:[email protected]>> wrote: how many people who believe this as a "currency" are missing FDIC insurance today? On Wed, Dec 6, 2017 at 2:40 PM, Chuck Hogg <[email protected] <mailto:[email protected]>> wrote: Yea, we're affected by NiceHash as well. Regards, Chuck On Wed, Dec 6, 2017 at 12:36 PM, Joe Novak <[email protected] <mailto:[email protected]>> wrote: Speaking of hacks... I've been selling hashing power to Nicehash, woke up this morning and my miner isn't running... hmm. Nicehash's wallet all got emptied to a unknown address (at least unknown to us, the users). 60 million worth of BTC. I was about half way to my pay out (minimum 0.01 BTC per payout). No official word yet, tread carefully... Joe On Wed, Dec 6, 2017 at 11:27 AM, Travis Johnson <[email protected] <mailto:[email protected]>> wrote: I sold 110 coins about 3 years ago and took a huge loss. I got back in at $6,400/btc and sold at $9,800. Then I got back in at $10,500 and just sold this morning at $12,700. It scares the hell out of me to have money sitting there, especially when it could crash while I'm asleep at night... but it's also so addictive to make huge returns (16% after fees, etc. just this month). It's a huge bubble. There is nothing to support it. When you buy in, you are counting on someone willing to pay you more than you paid for it, but for no good reason. It's the .COM era again, except without the .COM. LOL Travis On 12/6/2017 2:28 AM, Gino A. Villarini wrote: Still crying over the 85 I sold at $1k each� you still have? On 12/5/17, 10:37 PM, "Af on behalf of Travis Johnson" <[email protected] <mailto:[email protected]> on behalf of [email protected] <mailto:[email protected]>> wrote: How high can it go?? When do you sell?? What's a "fair" return?? Travis -- -Louis NTInet O: 803-533-1660 X 207 C: 803-997-0004
