Bitcoin / Bitcoins / Crypto Currency

This thread is to economics what they weight loss thread is to science.

This thread is to economics what they weight loss thread is to science.

Sometimes it's fun to read the nonsense and other times no sense or fun it makes.

I have also been thinking about how much bitcoin could be worth: £12.72

I also came up with a few other figures. If anyone is interested then I could post them here?

waiting...

£14.03

http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12#ixzz2mbfjaSfs

I would like to see David Woo's note.

Bitcoin: A first Assessment

This thread is to economics what they weight loss thread is to science.

:)

Mince pie?

£1.42¼

It is rapidly dawning on me that the only way I can easily sell my coins and make a profit is to become a drug dealer. Or buy a lambo.

What should I christen my yacht? I was thinking "and you said Bitcoins weren't worth anything.. suckers!" but it's a bit long-winded.

How about "Bitcoin Bubble"

Bitcoin Bubblegum

Bitcoin Bubble Butt

Bitcoin Buttplug

Bitchcoin

Sold!

Bitcoin now at $5789! Sell sell sell!

Thinking more about how to value this currency.
Its lack of historical stability is the main concern but this only because I currently own 'stable' british pounds.

What if I owned a highly inflationary currency.. what would then hold be back?

Report below considers just that and works out demand far outstrips supply.
Puts a value of $98500 on bitcoin

http://www.coindesk.com/bitcoin-price-reach-98500-say-wall-street-analysts/

are you investing your little nest egg in bitcoins tommy?

I'm awaiting a more attractive entry point.
Full disclosure
I currently own
0.00010045 BTC

1LQPWxnug1u2fsfyjjLEg7Xh13EUm27DSe
donations accepted

You're not getting any of my Lamborghini drug money.

This little smartphone app telling me how much my BTC is worth is addictive fun to watch: up, down, up, down...

What app are you using?

you're about 2 weeks away from being Howard Hughes, Stonehedge

What app are you using?

Are you trying to steal my monies?

you're about 2 weeks away from being Howard Hughes, Stonehedge

Reclusive and with chronic pain or dead?

Bitcoin: A first Assessment

Just read that. Good grief. It isn't much more elevated than the analysis in this thread. Particularly amusing lines:

this is a very rough calculation and we have made a lot of big assumptions

Those assumptions include:

• 10% of US online B2C transactions taking place in BTC, giving BTC dollar value of $1bn.
  
• US GDP accounting for 20% of world GDP, with penetration of e-commerce globally reaching US levels (!?), scaling BTC dollar value to $5bn.
  
  

And voila! Save that they manage to cook up another $10bn value from the similar flights of fantasy.

Summary - BAML are having a laugh, BTC overvalued by a factor of 10 plus.