What is a Bitcoin (USA Residents Only Edition) feb | Page 9

What are they Worth?
Since it is traded every day on the exchanges, the value of a Bitcoin goes up and
down . At the time of this writing 1 BTC > 800 USD
Simple site for current price: www.Preev.com .Here's a great websites for price charts:
www.Bitcoinity.org
Although you can ‘mine’ more Bitcoins with your computer, the total number of Bitcoins
available will never exceed 21 million.
Bitcoins will never suffer from inflation, like the US dollar does every month when the
Federal Reserve simply prints more money.
It might be because of fiscal instability around the world. It might be because of
growing interest in China. It might be because you heard some guy is a millionaire
now because he, on a whim, bought $50 worth two years ago. The hype machine is in
full force. My mom is talking about bitcoin again.
But how much is bitcoin really worth? Believers say the sky’s the limit. It could hit
$10,000, or $100,000. The doubters, like Business Insider’s Joe Weisenthal, believe
it’s only matter of time before gravity takes over, the bubble pops, and we return to $0.
Without a killer app- The Silk Road 2.0 doesn’t count—bitcoin is a purely speculative
asset, making its inherent value nearly impossible to calculate. Normally, free markets
can do an adequate job of pricing when the fundamentals are unclear, but since
there’s still no easy way to short bitcoins, or bet that the price will go down, without
actually owning bitcoins themselves, the market price can be misleading.

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