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Offlines240779
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Bitcoin's price is pretty high
    #19198010 - 11/27/13 07:39 PM (10 years, 2 months ago)

I was curious about the fact that bitcoin's price is so high , so I did some digging to understand the implications of this. I came across this:

Technically, what makes a stock "expensive" is its ratios (price to earnings, price to book etc.) still, big round numbers are always fun to gawk at.

http://www.businessinsider.com/the-10-most-expensive-single-shares-in-the-us-right-now-2012-3?op=1#ixzz2lu6xHrFg


Now, bitcoin doesn't have any earnings. So what exactly does its high price mean?


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OfflineMrBlueYoMind
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Re: Bitcoin's price is pretty high [Re: s240779]
    #19198037 - 11/27/13 07:47 PM (10 years, 2 months ago)

High demand, limited supply AKA basic economics


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OfflinegeokillsA
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Re: Bitcoin's price is pretty high [Re: s240779]
    #19203090 - 11/27/13 07:47 PM (10 years, 2 months ago)

This thread has been closed.

Reason:
Bitcoin is not a stock, it is a currency.  Please ask your question in one of the many existing Bitcoin threads, like this one: http://www.shroomery.org/forums/showflat.php/Number/19137626


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