Quote from: YuginKadoya on April 23, 2017, 12:31:45 PM

Quote from: Doofus on April 12, 2017, 08:55:57 AM

how much does a bitcoin worth?
Some say:Worthless. Its just a Ponzi scheme.
Some hail:Priceless! Its the future of money.
A Chinese economist Ou Chengxiao, often nicknamedOu Guru said yesterday "The price of bitcoin is 1000 times overvalued". He believed that the value of currency is decided by its scale of circulation, or adoption. But now the lack of businesses that accept the digital currency as payment has been holding bitcoin back from wider adoption. not so many people are buying things with btc.
i am a little confused why he is so sure bitcoin price is 1000 times overvalued. why not 100? 10? why exactly 1000? Do you agree with him?

Maybe you just misheard something on what he is trying to do, maybe it is not 1000 times overvalue? maybe he means by reaching the $1000 value mark bitcoin is now an understandable key for every people to multiple their earning with bitcoin and that is the fact and I think he is just happy in saying such words that he mumble and jumble it, regarding in what he is explaining.

the price is now over than $1000 and its more than 1000 times as Ou Guru said and i think he is right to predict like that. and now the price is still moving into higher price and we can not know in how much the price will increase. we know that bitcoin will increase the value and now the value reach high.