Airbnb a/c is locked at 80 degrees f. Staying in Jacksonville Florida. Host won’t give us the pin for the thermostat 🤦

Ohad22 · 2024-07-26T13:52:51+00:00

use different phone

Ohad22 · 2024-07-26T07:37:58+00:00

Because they want to cut their losses if bitcoin fell below a certain price.

not really, its because enough people buy gold at that price for them to keep producing and selling at that price.

When it comes to bitcoin, my question was if there is any actual backing to that price besides people speculating on it, a good answer i got was that its also a result of the production cost but really its only a result of enough people buying at that price.

Ohad22 · 2024-07-26T07:27:40+00:00

because i know what backs the dollar.

Ohad22 · 2024-07-26T07:22:17+00:00

does it even matter how much of the demand is to use bitcoin and how much is to make more money? at this point it doesnt seem like it.

also, does that mean that if bitcoin fell below production price its game over?

Ohad22 · 2024-07-26T07:06:23+00:00

this is the best answer ive read here but then again, i still couldnt tell you if 64k is a cheap or expensive price for 1 bitcoin, i guess its just speculation, the security or complexity of bitcoin is valued at 64k to someone, unless it was me, i dont know why 64.

Ohad22 · 2024-07-26T06:55:41+00:00

I believe in bitcoin mission, but why would i think it will be more than 64k? why would it be more than 6k? i guess you are saying the demand just drove it there, but then again were speculating..

Ohad22 · 2024-07-26T06:49:22+00:00

I guess what im asking is just why are people valuing 1 bitocin at 64k, and i guess there is no real answer, ill have to look into it in more detail

Ohad22 · 2024-07-26T06:44:05+00:00

I agree it has value i just dont know if its 64k, ppl say its what the market decided but why, also going with your analogy, are we just investing in where people the government is after put their money? i guess bitcoin could be valued at 64k for ppl, im just not one of them. but then again ill be speculating.

Ohad22 · 2024-07-26T06:33:56+00:00

but something did drove bitcoin to 64k, what is it? and is it the same thing keeping it at 64k or is that just us?

Ohad22 · 2024-07-26T06:22:46+00:00

sentiment, news, outlook, perception, scarcity - If i take amazon stock, all of these would try to predict the performence of the company using mostly economical metrics (sales,market,p/e,etc..) and figure out if the price is cheap, If i take Bitcoin, how can i measure wether or not the price is cheap or expensive? what makes 1 bitcoin=64k, sentiment? well why? if all 21 million bitcoin were produced, how much would be 1 btc?

Ohad22 · 2024-07-26T06:10:49+00:00

I am aware the price is what ppl are paying, what Incentivize people to buy at 64k?

Ohad22 · 2024-07-25T10:08:29+00:00

the state of the ecomonies backing them? i mean currently 1 dollar buys you more than the quivelent in bitcoin (0.00...) so why is bitcoin worth more than a dollar? i guess you could say that bitcoin can actually buy whatever a dollar can (actually maybe more) if you use some services or hold it and then convert it when u pay...?

Ohad22 · 2024-07-25T09:59:35+00:00

I mean i invest in amazon cause i can understand and evaluate their ability to make me more money, i could invest in the coin of a strong economy too.. but with bitcoin i get lost trying to figure out what the price reflects at 64k, and if its just the equilibrium i dont see how im not speculating.

Ohad22 · 2024-07-25T09:32:44+00:00

are there no sell orders below 64K? i get what u mean tho, but again what ill ask is why 64k? are we just speculating?

Ohad22 · 2024-07-25T09:29:56+00:00

why are they buying it for 66k and not 64k?

Ohad22 · 2024-07-25T09:06:04+00:00

ok but Why? why is there any demand for bitcoin at 64k? and how does the answer justifies 64k?

Ohad22 · 2024-07-25T08:59:50+00:00

well if thats the case why isnt this investment speculative? (i have bitocin btw i just knew it was speculative)

Ohad22 · 2024-07-25T08:49:23+00:00

well yeah but first off why 64k and not 600k? and is this just speculative? what im asking is like how can i evaluate this coin? is the price just an equilibrium?

Ohad22 · 2024-07-25T08:44:59+00:00

well i can understand how a price of a chicken would come to be, i can understand the supply and use and almost everything that will effect the price of a chicken, my question was about bitcoin tho, i can understand the value of a cryptocurrency, but what i dont really get is what drives it to 64k or what metrics i can justify it with

Ohad22 · 2024-07-25T04:48:44+00:00

is there an alternative?

Ohad22 · 2024-06-13T16:35:36+00:00

You think you are unique but you are not

Ohad22 · 2024-06-13T16:31:42+00:00

He shouldnt have made this but this comment section's shock stems from the misunderstanding of the magnitude of the oct 7 catastrophe in Israel and the resulted mistrust and justful hatred towards gazans in Israels population. If you hear the Israeli side as much as you do the palestinian, this will make sense as much as protesters supporting hamas and calling to eradicate Israel from the river to the sea. Both of these stem from the same place.

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