Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Vycid
on 18/12/2013, 15:35:23 UTC
You really think a 25B error coin wouldn't sell for 32B at the current price, or any other price?

Obviously It did. Check the link in my signature. It's what I do. My point was my view on things. You can't look at it as a $5,000 loss you have to look at it as a 7B gain. You're missing the point.

No, you're missing the point. The coin was worth 32B so it was and still is a 0B gain.

There is no reason I can see you couldn't have sold it today for 32B just as easily.

Was it worth 32B yesterday? Today? Tomorrow? Next year? In 10 years?

Do you also know what the price of B will be today, tomorrow, in 10 years?

Maybe I should just consult you from now on prior to doing anything. How about this I paid $3,000 for the coin and sold it for $21,000 is that better? Do you work better with fiat numbers?

If Bitcoin goes to $100,000 each do you still think it will fetch a 7B premium?

If these coins have a dollar-denominated premium then it would be worth more than 32B today.

Anyway: yes, I absolutely think an original 25B misprint  would be worth $3.2M if Bitcoin goes to 100k. This is like the equivalent of an 1893 Morgan Dollar we are talking about.

1892 Morgan Dollar is few thousands at most and you are talking about 700k premium.

As someone who was smallish numismatic dealer 10 years ago, I can't remember any coin or banknote that comes close to that value. And I've sold a banknote that has only 26 known pieces circulation. It went for 5 000$.

http://cointrackers.com/blog/11/most-valuable-coins/

100k a coin of course means Bitcoin will have a money supply in the same ballpark as the USD, at a hypothetical market cap of 2.1 trillion.

We are talking about less than double face value for a coin that will be extremely rare - I think about 500 25 BTC coins are still funded.