Last time i checked on coinbase a bitcoin only costs $220 and I've seen prices at $180. The trend seems that bitcoin is dropping, what do you guys think of this? Is it a good time to buy? If ~$200 is market value, what do you guys think actual value is (of course "actual" is speculative)
I think the price is settling now. It's been artificially inflated for a long time and the true value is probably somewhere around $100.
I think that bitcoins are a big deal. Maybe not this year or next year, but within the next five to ten years, I believe that there's a good chance that they will revolutionize online financial transactions. So I bought some a few months back with the intention of holding them for many years, selling only once each one was worth thousands of dollars.
And yet... I was obsessed with the ticker price of a bitcoin. I had a plugin for Chrome that always showed the current price at the top of the window. On my phone I had a widget to see the price at all times. For weeks, I was never more than a few dozen minutes out of date with the price.
Eventually it occurred to me that I was never going to do anything with the knowledge of the current bitcoin price. If it actually did rise to the level at which I'd be willing to sell, I'd certainly hear about it through other people. So I cut myself off. No more tickers, no more checking the price. My little stash of bitcoins remains encrypted and backed up, and I'll check the price in a couple years.
The amount of access to information that we have is extraordinary. We're so used to it that it's hard to think of it in historical perspective, but we literally have easy access to millions of times more information than people had just fifty years ago. Acquiring this knowledge feels valuable, but often really isn't.
So just today~a friend of mine joined Sett! And yes, Im telling you guys to check her out cuz daaayum dat girl is some deep chick XD Basically, she's my age and is incredibly clever, insightful, thoughtful and just generally someone worth your time - trust me! And you can call her what you want, im calling her mirror cuz meh I like crazy nicknames XD
So check her out guys?
QOTD: What do you think? First impressions of her? Say anything XD even if you hate her just tells me :3
Thats it for today guys (not even a post ehehe '¬ ¬) see you