Enter your mobile number or email address below and we'll send you a link to download the free Kindle App.Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.Apple Android Windows Phone Android To get the free app, enter your mobile phone number.Qty: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 FREE Shipping on orders over $25—or get FREE Two-Day Shipping with Amazon Prime or Use this location: or FREE Shipping on orders over $25.Used: Good Details Sold by Jacobs Media Fulfilled by Amazon Condition: Comment: Fulfillment by Amazon (FBA) is a service we offer sellers that lets them store their products in Amazon's fulfillment centers, and we directly pack, ship, and provide customer service for these products.

Something we hope you'll especially enjoy: FBA items qualify for FREE Shipping and .If you're a seller, Fulfillment by Amazon can help you increase your sales.We invite you to learn more about Fulfillment by Amazon .New from Used from Featured 'Learning' Series from O'Reilly Media.See more BitCoin Made Easy FREE Shipping on orders over $25—or get FREE Two-Day Shipping with Amazon Prime .See more Product details Paperback: 72 pages Publisher: CreateSpace Independent Publishing Platform (April 11, 2013) Language: English ISBN-10: 1484094190 ISBN-13: 978-1484094198 Product Dimensions: 6 x 0.2 x 9 inches Shipping Weight: 0.3 ounces (View shipping rates and policies) Average Customer Review: (11 customer reviews) Amazon Best Sellers Rank: #1,776,624 in Books (See Top 100 in Books) in Books > Business & Money > Economics > Digital Currencies in Books > Business & Money > Investing > Online Trading in Books > Computers & Technology > History & Culture If you are a seller for this product, would you like to suggest updates through seller support?

5 star55%3 star27%2 star9%1 star9%See all verified purchase reviewsTop Customer ReviewsThis is NOT a bookgood readevaluationLooks like it was taken from tips on a web site.Three StarsAmazon Refunded My Money Immediately - ThanksThis book might not be for everyone...WOW such BTC knowledge!Most Recent Customer ReviewsSearch Customer Reviews Set up an Amazon Giveaway Learn more about Amazon GiveawayHow do you determine the fair market value of a currency that has appreciated faster than the shares of even the hottest technology stocks?This question has befuddled investors and analysts for years when it comes to Bitcoin.While the methods for valuing digital currencies are rather straightforward, the assumptions that underlie competing valuations vary widely.Don't rely on Wall Street analysts to think for you.Instead, consider this framework and come up with your own fair market value estimates for bitcoin.Bitcoin has value because people think it has value.Your first question might be to ask whether Bitcoin has any value whatsoever.

After all, many bitcoin skeptics have knocked the virtual currency for its lack of "intrinsic value", including world-class investors like Berkshire Hathaway Inc.'s(NYSE:BRK.B) Warren Buffett (who called Bitcoin a "mirage") and J.P.Morgan Chase & Co.'s(NYSE:JPM) Jamie Dimon, and venerated economists like former Federal Reserve Chairman Alan Greenspan and Nobel laureate Paul Krugman ("Bitcoin is evil").Despite this army of skeptics and a myriad of bad news for the industry so far in 2014, Bitcoin still continues to trade for multiples more than it did one year ago.bitcoin elfogadóhelyekThe Winklevoss twins clearly disagree.ecuatii bitcoinSee Investopedia's interview with Tyler Winklevoss.)bitcoin failHow can this be?Bitcoin's value depends on "transactional" and "reservation" demand.

It is important to note that the total market value of a currency, its "monetary base", is driven by two things, transactional demand and reservation demand.We can think of Bitcoin's average daily "float" as the analog of our economy's M1 money supply - the currency needed to satisfy transactional demand for goods and services.Similarly, we can think of the Bitcoins which are "hoarded" by speculative investors as the currency needed to satisfy reservation demand for secure long-term savings.Combined, Bitcoin's float and reserves comprise its total monetary base, which is similar to our economy's M2 money supply (M1+money in savings deposits, money markets, etc).As long as the transactional demand for Bitcoin continues to grow exponentially in the coming years, the balance between Bitcoin's float and its total monetary base will likely reflect that of other global currencies.(To learn how Bitcoin enters into circulation, read, "What is Bitcoin Mining?") Bitcoin's potential monetary base is one key input we need for our valuation.

Let's assume that in our optimistic case for Bitcoin, the monetary base grows to $1 trillion dollars within ten years, which would represent a fraction of the U.S.dollar's total money supply and about half the value of the global market for gold.We could then divide this monetary base by the total number of bitcoins expected in circulation by 2024 (thanks to the known mining schedule).With 21 million BTC in circulation, we could see a $50,000 bitcoin with a $1 trillion monetary base!Bitcoin's "hurdle rate" is the other key input we need for our valuation.We need to make certain assumptions about the rate of return required to compensate for the risks associated with holding Bitcoin.Let's assume that we normally require a 12% return on equity for investments in certain growth stocks, but we believe Bitcoin carries five times the usual risk.We would need to apply a 60% discount rate to our future value estimate for Bitcoin.Due to compounding, that would make our $50,000 BTC in 2024 worth approximately $455 today -- not too far off from current price levels.