Why There's Confusion Over Valuing Bitcoin - InformationWeek

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Why There's Confusion Over Valuing Bitcoin
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Ashu001
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Ashu001,
User Rank: Ninja
1/6/2015 | 12:35:03 PM
Re: You will see more certainty in Valuation of Bitcoin in the coming future
Daniel,

The Greatest power of Bitcoin is the fact that no Single Government has control over the whole operation(&That it is so liquid).

Hence,all those folks who don't trust their Government and want to circumvent Capital Controls most effectively use Bitcoins today.

I could tell you so many cases of Folks in Countries like Argentina and Venezuela(which have gotten ruined Economically thanks to the foolish mistakes of their Leaders ) have atleast managed to protect their Savings because they were held in Bitcoins rather than Venezuelan Bolivars which was simply Devalued by the Government according to their whims and fancies.

That's a massive-massive success for the Currency.

 
danielcawrey
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danielcawrey,
User Rank: Ninja
1/4/2015 | 9:00:15 PM
Re: You will see more certainty in Valuation of Bitcoin in the coming future
Bitcoin's value should be determined by the underlying technology it provides for banking innovation, and not simply by its use as a payment mechanism. With bitcoin, there is immense power in the blockchain, the transaction protocol and in its ability to be sent globally. That's where the worth of bitcoin really comes from. 
Ashu001
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Ashu001,
User Rank: Ninja
1/1/2015 | 7:37:10 AM
You will see more certainty in Valuation of Bitcoin in the coming future
Adam,

Bitcoins on their own are a most fascinating topic.

In  the Future you will see more traction in this space (including proper and more stable valuations of the Currency) as it gains more users/followers .

I have seen Bitcoin ATMs sprouting up in Vancouver,NYC,San Francisco.

Not just that even Paypal Accepts payments in Bitcoins today[I am sure there are many more such cases of adoption happening as we speak].

As Bitcoin grows its value will become more and more stable.

Look at all the initial Volatility very simply as its initial teething troubles before it becomes more popular and widespread.

 

 


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