Bitcoin Quote by Erik Voorhees

“The value of Bitcoin is astronomical, but the price goes all over the place as a million buyers and sellers try to figure out what that value is and how likely it is to manifest.” quote by Erik Voorhees — Download Open image

“The value of Bitcoin is astronomical, but the price goes all over the place as a million buyers and sellers try to figure out what that value is and how likely it is to manifest.”

Erik Voorhees

About This Quote

Source Speech: “Bitcoin Value vs Price” (conference 2018)

Bitcoin’s intrinsic value is high, but market price fluctuates due to speculation.

In simple terms: Value and price differ.

Key Takeaway

Understand market volatility.

Themes

finance cryptocurrency valuation

Mood

analytical cautious

Type

financial educational

When to use this quote

investment
trading
risk assessment

Key Concepts

speculation market dynamics economic theory

Questions to Reflect On

How do you separate value from price?
What risks do you accept in crypto?

A Different Perspective

Price can mislead about true worth.

★ ★ ★ ★ ★ 3.5 out of 5 (4 ratings)

Astronomical Price Bitcoin Bitcoin Astronomical Currency Million Million Buyers Place Try Value Value Bitcoin Value Likely

More by Erik Voorhees

Bitcoin is absolutely the Wild West of finance, and thank goodness. It represents a whole legion of adventurers and entrepreneurs, of risk takers, inventors,…

Erik Voorhees

Image

Personally, I had over 550 BTC in Gox. I will never get any of that back.

Erik Voorhees

Image

Whenever the price of cryptocurrency is rallying, people start spending a lot more.

Erik Voorhees

Image

You cannot have an asset that goes up in price 1% every month or 1% every six months or every day without people starting…

Erik Voorhees

Image

Bitcoin is open-source, global, and requires no permission from anybody, so thousands of entrepreneurs are gravitating in and building their vision.

Erik Voorhees

Image

The number of industries, communities, habits, traditions, and even interpersonal interactions that Bitcoin has the potential to revolutionize is massive.

Erik Voorhees

Image

In the longterm for Bitcoin, Gox needed to go away.

Erik Voorhees

Image

Bitcoin is very ideologically fulfilling, it's my form of political activism, but it's also a huge business opportunity.

Erik Voorhees

Image

Mt. Gox was a teachable moment for everyone in the Bitcoin community, and ShapeShift has innovated these problems out of the picture.

Erik Voorhees

Image

Like the Internet, Bitcoin will change the way people interact and do business around the world.

Erik Voorhees

Image

Unfortunately, slow and steady in any financial market is actually impossible.

Erik Voorhees

Image

Credits in your PayPal account are really just USD-backed - they are not a unique currency themselves. Other 'digital currencies,' such as Facebook Credits,…

Erik Voorhees

Image

Most 'digital currencies' are not really digital currencies at all.

Erik Voorhees

Image

ShapeShift has no user accounts, signup, or registration process whatsoever. But it's faster and far more convenient than traditional exchanges.

Erik Voorhees

Image

Bitcoin will hit thousands of dollars per coin, because it's worth at least that much, or it's worth zero.

Erik Voorhees

Image

Explore all 27 Erik Voorhees quotes

More Bitcoin quotes

The bitcoin network is not a payments network and it is not a scaling network.

Sam Bankman-Fried

Image

I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be…

Brad Garlinghouse

Image

In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the…

Steve Hanke

Image

We need to come up with use cases for this technology that drive clear benefits for individuals and institutions - these are our customers.…

Abigail Johnson

Image

Sir Richard Branson started out as a small business owner and now owns a conglomerate that will give you a ride to the moon.…

Perianne Boring

Image

Exchanging bitcoin on behalf of ransomware victims should not be construed as criminal activity by the exchanger, not as a matter of law nor…

Perianne Boring

Image

Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in…

Gavin Andresen

Image

Calling bitcoin volatile - it's a non-statement. Unregulated assets with unclear regulatory landscapes are always going to be volatile. That's what unregulated assets do.

Tyler Winklevoss