Bitcoin Forum

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Maybe. The value bitcoin has is given by the buyers and sellers. As it has no specific use except trading and speculation, it is bound to decrease in value in some moment of time.
But with much more to see, we can aspect the rise of bitcoin for one more decade.

No it isn't.
There has been a lot of bad impression that the well known people in the entire world's economy who are giving their sentiments on how bad bitcoin is as an investment. What makes you think that it's overhyped? You should be asking on why there are many altcoins that are overhyped and why they are coming to the point that they want to replace bitcoin.

Definitely. There's no doubt there are alternate cryptocurrencies that are as good as Bitcoin, or even better: lower and faster transaction fees for instance. Even when BTC tx fees have pumped up to 40$ it remained popular. I think the fact that Bitcoin was the first cryptocurrency and it is 9 years old already, which is why people trust it mostly, plays a key role in its demand.

Nevertheless, it is better to ask this question to the miners. The advanced miner can accurately consider the cost price. Then you can talk about overbought or under-sold BTC.

hard to say.
bitcoin has the value we want to give it.
but according to many specialists, for the moment it's not expensive.
they even expect it to increase sharply in the near future.

I would say it is still underhyped and undervalued, coming years will be huge for bitcoin, even right now the btc dominancy is low, as soon as dominancy starts growing and crosses 50% mark we will see btc skyrocketting and everyone will be rushing to buy bitcoin causing fomo and even more bulls.

I do not think so. Bitcoin is the most common cryptocurrency and its growth is ensured by a number of fundamental factors. When institutional investors enter the market, there will be real growth, the scale of which we do not even suspect...

Yes, I think so. But Bitcoin is an iconic representative of the crypto world and as long as people do not switch to another platform, it will stay just as it is. On the other hand, Bitcoin is simply outperformed by its successors. Nothing can stay forever and therefore BTC will not be the one and only king. If I think Bitcoin will vanish after this event? Not really, it will be only less valuable than another, stronger and probably more spread cryptocurrency.

In some way, it is. However, you can actually say the same about the whole crypto sphere.

I dont think its over hyped, not so much people knows about it actually if we take all people on the planet earth from 14 y.o. - 100 y.o. , I mean bitcoin is like a baby now

I would argue that some other coins may do faster and cheaper transactions, but BTC is the only really decentralized on in many aspects. Almost all other coins have "offices" and were pre-mined to hell by its creators. Even Ethereum has Vitalik as its face. Bcash is mostly owned by Ver&Co.

As for altcoins, yea... there is definitely a bubble in them. The majority of them are purely speculative. They don't do anything in the real world, thus they create no real value. (Note I am saying most).
Just go through the top 20 and look at which coins have actual use in real world now, not many of them do.

Bitcoin I think will be fulfilling the role of reserve currency. It will be the USD of crypto. I do not see that it could be overhyped. I would firstly argue things like Ripple is overhyped. Someone created value out of thin air, then pumped it a few times and created hodlers for the coin.  Then it basically just kept value because of these hodlers.

Look at Tron even, they tweeted today they have 1 million users. All the supporters are like "wow" and my response was "meh". Well guess what, Electroneum has much more users than that and is outgrowing the hell out of them in terms of users, yet it has what I would call a fair valuation right now. Their coin isn't being used in real life yet,so why the hell should it be in the top 10? The bubble is created by hodlers who joined a pump and couldn't dump at a profit. Then after a few laps of this we sit with something with a severely overhyped and over valued price. Like Tron and Ripple.

And no I dumped all my ETN, not shilling it. Making a point.

Also as for BTC dominance dropping, there are lots of traders like myself who just want to increase their BTC holdings.  If you just hodl BTC that 1 BTC you have will always be 1 BTC. The fact that altcoins are outperforming it is irrelevant, because it is outperforming it because there are so many people like me buying and flipping this stuff. BTC is the endgame.

Not really. Considering the technology involved, market capitalization, investors confidence in it and its popularity, one can't say is over hyped.

Any particular reason why you asked that? Anyway, the technology behind is good and its being improved over time. Unfortunately, I also see some people only hype the earning potential in investing or trading bitcoin to new ones.

I do not think so. because all this time the bitcoin has run fairly without the interference of others, the phenomenon is just an attempt to enliven the crypto market, especially with the emergence of new coins in altcoin.

Absolutely not. Bitcoin has been under attack more times than all other coins combine. It is a lot more bad publicity about Bitcoin than good.

It is actually the users of bitcoin and the demand of it which has increased the price of bitcoin it is not overhyped. We can estimate its price from the current use of this coin in the worldwide busineses. The use of it is much higher and so the demand of it is also higher which make the price to this level.

If you read a bit on crypocurrency history, you should know Bitcoin is probably the least overhyped coin in the crypto world.

It probably was back in november-december 2017 when bitcoin reached an all time high of $20k USD. Back then everyone was calling for bitcoin to breakthough all the way up to $50k. Sadly though, the hype died out and now we are back to $9k.

No worries though as surely people now realize the value of bitcoin and the new wave of investors are now real and organic.

How can something that is bringing a revolutionary global change in its wake be over hyped!!!!

I think it's not. Bitcoin is just starting its way to mass adoption, I think the interest and knowledge about bitcoin will be much higher in the coming years. With respect to the rest of cryptocoins, it's normal that bitcoin is the one that generates more interest, after all it's the main cryptocoin, the first, the most important and the most valuable.

Never gonna be.

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I do not think it is overhyped . It is been a lot of years passed but this is the time to hyped and i think it is not but lets just say that it is not it just a misunderstanding and also it is normal

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That still depends,the cost of electricity is different everywhere.
Someone might be able to make a bitcoin for 50% less of the costs that someone else has for example.

I believe that Bitcoin is too expensive. Its price is heated due to the high complexity of mining production. If it were easy, then his speculative price will be lower.

At this point, bitcoin is unfortunately almost entirely a speculatory asset. That's because we're still rather unsure whether it can handle widespread adoption. We're not even sure if bitcoin itself will be the crypto to deliver us into mainstream use (mind you, that is a rather important aspect). The values of bitcoin and all the alts that follow it are highly volatile because we've got great ideas but we're not sure we can implement them. As much as some things are certain in this space, there is a lot of confusion as to where and how we're going to get anywhere.

I do not agree that bitcoin is overhyped where I think it's the people in the community doing some extra mile speculation about bitcoin could somehow be judge as more of a hype with their insights. Fluctuations of bitcoin is just normal where it hasn't gone deep and when it on the rise, the percentage is not that high and I consider this as a normal behaviour of btc market performance.

I don't think so,it has good good reputation in very short time and the availability also minimum so it needs to have that such kind of value.But soon the price will boom at the end of this year so we cannot say it is over hyped it getting such support from the investor because of its volatility and the decentralization.

At some point bitcoin was overhyped then after the bull market ended in january and prices started falling then people though that it was the end of bitcoin but still bitcoin was resilient and didn't die, and that is when bitcoin proved that even though it was once overhyped, it can definitely live up to all of the hype that it is getting and it is going strong.

Nobody knows or we'd all be millionaires.

I think Bitcoin is not overhyped, its just that bitcoin is really popular than any other cryptocurrencies so of course if they hear about digital currencies most people would automatically say or suggest bitcoin right away.

I think Bitcoin is overhyped last December with a lot of bullish news and crazy price prediction. Right now, I think the hype of Bitcoin is over, which is why we are under 10k USD again.

But Bitcoin is an iconic representation of the crypto world and as long as people do not switch to other
platforms, it will stay that way, and if seen from its growth it is guaranteed by a number of fundamental factors.

Telling you, it's damn overhyped. For example some new technologies are bringing revolutionary in their spheres but casual people doesn't know about them. But BTC is hyped so much even my grandma know what is it

Bitcoin is getting popular and its supply is limited, so for now I think Bitcoin Isn't overhyped

you can find many Altcoins that have low transaction fees, Blockchain that can process transactions 10k + tx / sec, but can you find Altcoins that more decentralized than Bitcoin? I think NO

No, don't think so. It is after all the first crypto ever made that has been so much and still successful.

Bitcoin was overhyped last year. At the moment, it is difficult to say so. News about bitcoin compared to last year is very small. Most likely, the price is dictated by supply and demand.

I think that bitoin is still underhyped, because there is still a billions of people who are not involved into crypto, and we are waiting them to come.

For me, I think Bitcoin is not overhyped. Why?

Because I read in an article showing some graph on the advent of Internet in the early 90s that their growth resemble the growth of Bitcoin since 2010.

To make the long story short, Bitcoin and all other cryptocurrencies have a long way to go before they get mainstream adoption

I really do not understand what this word overload means. We can see that the current BTC price is very low, but perhaps the BTC will stay forever this price, not only in this time, but after the price of BTC is only fluctuate at $ 9000 price.

Bitcoin is not overhyped. Price should be sky rocket coz a lot of users are using bitcoin as form of payment. This is bigger than any other currency, even the internet era so the bubble will not burst and it will continue to pump very soon.

Lot of users are using Bitcoin as a form of saving the funds, only a little number of people are buying or selling some real goods and services for a BTC

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 In my opinion the value of bitcoin will go down because it's very slow and miners consume a lot of energy. Altcoins which will be built on less energy consumption will finally be more popular. The problem with bitcoin is that with time the nodes will require more and more power consumption, and it will become dependent on very few huge nodes. Only these nodes will be able to maintain the high level of energy power.

Yeah, bitcoin is overhyped, but i don't see why not. It's actually good cryptocurrency and it's like a father of all currencies

Bitcoin is not otherhyped, that's a completely normal thing for the first comers. Sometimes people know only about bitcoin, they don't know about altcoins at all.

I think not, last month almost everyone was already disappointed in Bitcoin and began to sell it, but I was lucky not to succumb to such a temptation and now I'm happy)

I believe that there is already a project that is better than bitcoin, but people already have too much faith in BTC, but in time I think the time will come when recognition will receive another project that will bypass BTC

It was not an over hype. Peoples just buying, then selling at the higher price than they buy. There is nothing wrong with that.
If everyone buy low and sell high, the process repeated, bitcoin price will be increased more and more.

This is absolutely true. I read that many people rely on pampas to 20k or even more. I think that this is unreal.

I don't think bitcoin is overhyped, its just that bitcoin is really popular and is the most widely known cryptocurrency there is up to date. And most people who just joined in the crypto world would not start to invest if they dont know bitcoin.

I would say it is still underhyped and undervalued, coming years will be huge for bitcoin, even right now the btc dominancy is low, as soon as dominancy starts growing and crosses 50% mark we will see btc skyrocketting and everyone will be rushing to buy bitcoin causing fomo and even more bulls.

I would not say. Many investors now again began to rely on a large pump and I think that this will be because the market is recovering.

I don't think it's overhyped. After all, it's the first crypto and the king no matter what happens.

But I think there are also altcoins with better tech (ETH for example) that excel at some things better than BTC does.

In terms of financial gain, at this point it may be overhyped. What I think you're referring to is the community support and developer support of Bitcoin which is definitely not overhyped, it is simply the best community and devs group. There is some fanatical talk among HODLers, an there's always been a lot of "pump" talk with any coin.

Financially, the best idea would be to diversify in low cap coins you think have a good idea and team behind them. Because with alts it is allll about the dev team, and little about the community.

I would not say that bitcoin is much inflated. It already exists more than one day and just over time people began to trust this kind of currency. This happens in different areas. At first, people do not trust, but over time it becomes commonplace !

Maybe you're right. People usually expect a much greater result than this is even possible. I think that 15k Bitcoin will not reach.

Still over priced in my opinion.

BTC was overnyped for several months from november 2017 to february 2018.
I think now it has its stabilized value.

I am not sure, but it has a good value in crypto world. I am thinking that now it is very under valued due to some bad conditions and correction, otherwise it will be around 25K USD.

I think it's not over hyped and I believed that it's just the way it is where people are making the speculation that is interpreted as a hype. In my views, the more the speculation is the better it will be where it can make more people to become interested with bitcoin. Bitcoin is becoming more popular nowadays and with this, many were encouraged to invest which other people concluded immediately that it is a hype.

It seems to me that at the moment bitcoin is undervalued. I think that its price will be much higher with time and it will indeed acquire the status of digital gold. In my opinion, it's still time to buy Bitcoin.

Yes, you are right for the time how many bitcoin people trust him and continue to invest in him, so the bitcoin now costs so much. It seems to me that in the coming years the price of bitcoin will grow even higher.

  I think it's not, there is no need for bitcoin to be overhyped because of the legacy it has been made for fast years tell anyone that asides banning on the different social media outlet, the regulation that results of a time to time correction and other situation that affects the volatility of bitcoin don't bother the continuous growth of population in crypto community, ended it is not a media hype but self-confession on how bitcoin help the entire community.

It was overhyped in November-December 2017. That is why the price for it was so high that time. Now, I cannot state it. it seems to me, people have become more realistic about BTC and all the crypto.

more then sure this is so, btc was firts in crypto tech ,but this do not mean we must hold it. future is not for btc, at least not is  his current condition, BTC needs really good upgrades

It really is a nice question, but it kind of deserves this sort of attention. Actually it is the most famous cryptocurrency

People accept it as it is, so i doubt that bitcoin team of developers will do something in the nearest future, so lets hope and wait

If you asked me this question a few monthes ago, I would firmly said no, but now, taking into an account the present situation...

Maybe you could make a case for Bitcoin being overhyped within the space (in terms of expectation of price movements etc.) but I think in terms of reaching the general population their understanding of Bitcoin is usually misguided, if they have any at all, much less hyped (especially in this type of market).

I think there is no need to wait. If we as the community of users decide that we are not satisfied, we can simply stop using it

Bitcoin was overhyped last year, I think it is no longer overhyped right now. A lot of the the people who invested in crypto last year joined becuase of the "hype"! After the market crash early this year, a good number of those investors sold their holdings and I think right now, most of the remaining investors know where they are putting their money and it's not purely based on hype.

not yet as some ppl think, it is not a bubble, so that is no point to call it like this, some ppl predict more price, and we will see it in the next several years, the thing is, its amount is limited, so do it now, invest into this shit when it is still available.

Maybe a little bit and maybe it has its dark times now, but it is still one of the most stable and actually the most famous crypto currency

The only crypto that is not overhyped is bitcoin. Right now if you observe properly you will see that there is not much volume on the sell sides. Also bitcoin has been supported by the long trend line back from 17-07-2017, its very imp that this support line should be honored.

I think Bitcoin is still underhyped because not many people know what it is. I suppose in the future the price of Bitcoin will reach new awesome heights.

Lets see what is going to happen next. Do not know about you, but personally I am really intrugued about the future if Bitcoin

Bitcoin is not excessive. This is a method of mutual settlements without unnecessary losses. And also very convenient, the so-called "personal" bank.

Maybe the price is overhyped but the tech is there and we cannot contest this. I would say that bitcoin price should be lower than 7k but I don't know what will be the reaction of the miners if bitcoin keeps hitting lower and lower prices.

The bull market that we had at the end of last year and the beginning of this year is what helped to show that bitcoin was overhyped but it is living up to the hype now. The price did not crash back to zero like people expect of a bubble which is a good thing. Now the price is at a reasonable place and we shouldn't expect it to go up too soon

I think bitcoin is overhyped in the sense that there are better coins out there, in terms of tech and so on. But despite this, btc still remains king and i think will continue being so for some time now.

Hyped? Maybe.
Overhyped? Maybe.
Overrated? Abso-f*cking-lutely.

Of course it is hyped because as a currency it has no value if it has no hype.
Maybe overhyped, because investors want profits!

And definitely overrated because there are much better coins/tokens now in the industry techwise, brandwise and so on. bitcoin has only one advantage over many other cryptocurrencies: age.

It’s probably a sign of the times that every self respecting value investing blog has to have a post about bitcoin. And when you tell a random person that you invest the first question these days is if you own (or trade) bitcoins or not. So I guess “The Alpha Vulture” can’t stay behind, and share with the world what it thinks about bitcoin, whether you want to hear it or not. As the title of this post implies I’m skeptical about bitcoin, and most other software projects that are based on blockchain technology.

Now at least that can be called over-celebrated. Any cryptocurrency. It is clear that this is a bubble, but it can live a very long time.

My opinion on this question is that Bitcoin can never be over hyped because Bitcoin on it's own is making waves all round the globe by making impact in various countries and also making transactions easier for various firms/organization across the globe. In conclusion, Bitcoin has made a name on it's own.

No, Bitcoin is not over-hyped and it never was. Peoples demand for it makes is valuable. The hype has come with the popularity, but it just result of Bitcoins fingerprint.

Stolen account. Airflame acocunt have been stolen look out !

Dont trade, talk or make some kind of business to this cunt.

More info here:
https://bitcointalk.org/index.php?topic=2347562.msg23913134#msg23913134

All such coins today exists because of btc even you know that. And also if btc moves so does other coin rises else vice versa so irrespective you like it or not btc is the king and will always remain for next few years. Also if their are good coins they will rise eventually but now ETH is the only coin after btc in market cap.

Every crypto enthusiasts do have different perspectives with regards to this kind of topic. There are some skeptics saying that bitcoin is just a mirage. I know that bitcoin's success created those hypes that's why right now the crypto market is suffering from a bearish one since there are new investors coming to crypto space who are investing emotionally and this can hurt bitcoin's value. New investors have different perspective when it comes to bitcoin, so if crypto market is bearish they do tend to panic sell and would really affect the value of bitcoin.

In my opinion the value of bitcoin will go down, but because the decline is very slow and miners consume a lot of energy, It's not excessive hype, but People currently only buy, then sell at higher prices than they buy now, There is nothing wrong with it all,
If everyone is buying low and selling high, the process is repeating, bitcoin prices will increase more and more.

 I don't think Bitcoin is overhyped or overrated. It is the Investment,Trading, HODL it is the people participation that create a lot of news whether it is a good news or bad news... let just be realistic, Bitcoin again is all over the news..confronting the issue on Banned, Scammer, and the government which is critical on Regulation, and the most recent event is the Hacking incident reported in South Korea about Bithumb. with all of this news about Bitcoin people either get interested or just want to be updated about the news resulting to increase awareness of the general public.

Someone thinks bitcoin is a soap bubble, and someone recognizes crypto currency as a valuable asset. Bitcoin is a digital currency that provides users with unique capabilities. The Bitcoin payment system uses a cryptographic and decentralized register. As soon as it appeared, many thought that behind it - the future of the world of finance, but at the same time, bitkoyn opened the gates for the underworld. Therefore, it is popular.

What do you mean by abuse? Criminal activities? For example, money laundering? Deep Internet transactions? If this is the case, then this is certainly existing.

Of course if comparing the technology. But for a symbol, I think Bitcoin will always be worthy of higher appreciation than any Altcoin.
So for the current price range, maybe I will confirm that the price is quite cheap.

At this time probably not. Of course a very fast rise will take its toll, but right now we may have received enough punishment.
So it might be better to prepare for the next swing, and maybe it will happen to a lot of Altcoin.

Bitcoin might be overhyped but there are better blockchain alternative like eth neo wanchain. These are underrated considering bitcoin price  ;)

Maybe Bitcoin really is on a different throne. This coin has no competitors other than Fud. While Altcoin must compete features to get support in the future. So I think, Bitcoin is Bitcoin, and maybe this time is the range of the lower limit of this year's fluctuations.

   Definitely no! We have that impression cause we are here all the time. By
here I mean this forum and entire crypto-world. When I open my browser
every shortcut is about crypto-currency, on my social network accounts
it's all about crypto-curenncies. I believe it's same with most of the people
here.
   When you ask someone outside this crypto-world they don't know nothing
about it. Here on forum we are small part of the world.

Not.
Bitcoin oversold by "Altcoin" lovers

Different answers here  ;D
But I think Bitcoin can be mich bigger as a normal payment..
If the transactions are faster and cheaper..

I think Bitcoin can go up to 50.000 with fomo

When team make RSK and wide Lightning it will great. And it gives strong kick to price. But if you say today that BTC overhyped I begin to think that you don's watch on the CMC for example. We see red tears only

According to me, yes bitcoin is over hyped but its natural considering that it has started something that is revolutionary and can change the phase of digital world and take it to the next level. Although, I would say that bitcoin has now become outdated in terms of technology. There are many better coins in the market which have real world applications and better technology than BTC and deserve more attention.

today i think normalize price for BTC. It is real price. no hype, no manipulation. price can't run faster that market.

I think it is. In my opinion, the fact that it is the first cryptocurrency and has the highest value in the market are the factors that made it hyped more than the other coins. Maybe, if some coins replace it (which I think is not that impossible) it will decrease its value a huge amount.

Bitcoin is the oldest and the most popular crypto currency in the world. More than half of the people around the world know about bitcoin but don’t know that other crypto currencies like it exists that have better technology and applications in real world.

It can be said that the main reason for increase in price of bitcoin is its popularity among people that has boosted its price heavily along time. Popularity indeed plays key role in demand and on price of an asset.

There are some good alternative cryptocurrencies, or even better: like lower transaction costs and faster for example. Even when the cost of Bitcoin transactions becomes expensive and takes a long time, Bitcoin remains popular. I think the fact that Bitcoin is the first cryptocurrency, that's why most people believe it, play a key role in its demand, and boost its selling price.

Bitcoin was probably overhyped but now the price equals the mining fee. The world's average mining fee is about 6000$, so mining is not profitable. So Bitcoin is not overhyped.

I know bitcoin is getting lower and lower its prices but i don't want to call bitcoin as an overhyped because of that problem. Don't forget that bitcoin is still the king of crypto and the first coin of crypto by its program other projects was copying what bitcoin have so don't be pissed in bitcoin.

I think bitcoin is not overhyped but people are overhyped because bitcoin is still bitcoin,and will stay that way

I think some altcoins are over hyped then Bitcoins. No need to name them. 99% of the alts are useless which she created just fill the pockets of the ICO team.

Maybe. Because some buyers fell into it when bitcoin is on  ATH price  before its sudden dump. But still I believe that bitcoin no need to be hyped for the investors to hop in.

Of course, it is. Nobody has been working on bitcoin for a long time, its high price is due to the image and infrastructure. I think that soon the time will come for other cryptocurrencies to replace.

No. If you think that then you haven't done your research. Countries around the world such as Venezuela have experienced a 95% devaluation in their currency vs USD. Countries like this need something like BTC as a store of value. BTC has so much potential, we've seen nothing yet.

@Taner if you think no one has been working on BTC then you're completely wrong, it is constantly being worked on!

But still we need to always expect surprises because no one knows its movement in terms of its fluctuations. Furthermore, it's good to know that as of now the market keeps in steady. We are now at the 3rd quarter and hopefully this quarter will bring us positive news.

Maybe. It has been pumped to the max. Now, the bubble is being deflated. And i think it is not finished. If you look carefully, last December was a pump and dump scheme.

Countries like Venezuela are good examples why the world needs cryptocurrencies, there are many examples around the globe where currencies get massively devalued, mostly due to low interest rates and printing money to have liquidity in the market. These things work only in the short term and then at some point it collapses. You can see this happening with the turkish Lira too right now.

I do not think and cannot say bitcoin is overhyped because bitcoin has been in existence for a while as the oldest crypto and it also has a very good value compared to altcoin. Although the transaction speed may be slow and expensive but this is due to congestion in the blockchain. Bitcoin is the best and will remain the most valued crypto.

No bitcoin is not overhyped ,bitcoin is really popular because of its uses and benefit it will gain, the bitcoin started launched in a little and then the years come and it started to soar high in the digital world and began to establish its purpose as an investment and at the same time as a digital currency circulating in the internet and gain popularity.

Some are saying that. But, as for me, it is not. As a matter of fact, I would even consider Bitcoin underappreciated. It is very clear that the world needs a form of payment that will be direct and hassle-free. It is not the kind of payment that we have right now with our fiat money, which is basically owned by the banks. A decentralized form of payment in Bitcoin is clearly a gem and yet the media is portraying it as a bubble. People should learn to take a look at the amazing technology of Bitcoin.

I wouldn't say it's the least over hyped coin - there are plenty of bitcoin maximalists out there that think it's the only coin worth owning, and there are lots of altcoins that are hidden gems

I do think though that bitcoin doesn't get the hype it deserves, and conversely, plenty of poocoins get lots of attention when really they don't deserve it!

i think not. word needs alternative to banks and btc is pioneer of that alternative. sure it will stay here for a while.

True. Bitcoin still has potential to raise more in terms of price. Bitcoin is still used as main trading pair for altcoins on many top crypto trading exchanges and platforms. Also most of the ICO’s that launch accept either BTC or ETH. BTC needs some update on its scalability issue because during market rush the transactions usually get stuck for long and also the fees are too high. If bitcoin is to be adopted globally its development team needs to work on it.

During the last bull market it was very obvious that bitcoin had been overhyped, that is the reason that when the prices crashed, it did so in a brutal way, faster than we anticipated but I think at this time, bitcoin is back at a good price that does not make it look overhyped, it is actually going steady at this point which means it is at a good place

Personal opinion, friends who don’t like, please ignore my words.
Although Bitcoin can be used for many purposes, it has changed from a cash substitute to a merchant's hype, and this change has lost his original meaning! Its value has begun to distort!

Nothing in the world has a pre decided value. Value of any object is usually what buyers are ready to pay for it. It’s simply the game of demand and supply. Higher the demand and lower the supply, more is its price. As demand of bitcoin increased overtime, so did its price.

I too think that BTC will increase sharply in near future as the bearish market is soon to end and institutional money is on the edge ready to flow in the crypto market.

If even Bitcoin was like that, for now I think the price is very fair. So we don't want to be concerned about the overall falling, it can be just another correction that is needed for the market to be stable.

In my personal opinion, BTC did get overhyped during the time it reached an ATH price of $19,000 some time in December 2017. Even the cab driver and our neighbors are talking about BTC back then, and even my co-workers are also asking questions about it. They thought of BTC as a way to have a massive gain which was a mistake that made their funds go down the drain during the downfall resulting to panic selling.

There always will be the hype around BTC and the crypto at all.  It doesn’t matter how hype is large, if you really know what to do in the current situation.

Nope, bitcoin is not overhyped because it make its own hype. Can you imagine from a decimal price going up, up to $20000 hype right. Trust on bitcoin, and the cryptocurrency because it will not fail you. Buy during Dip then sell high.

This is what we call adoption and it is not hype. This is actually a good sign and it improves Bitcoin's future. Hype is something involved in ICOs.

BTC has got a confident position on the current cryptocurency market thanks to this hype. But I don't think that it is overhyped because its potential is not opened till the end.

I don't see Bitcoin as being overhyped, it has a value as a reaction that is proportional to the amount of people that are coming to use it as a store of value. It has transformed from a payment system into a store of value as more people have adopted it for use. The growth of Bitcoin really happened as a respons to the Banking crisis that has been ongoing since 2010. Afterall who wants to pay for the privilige of storing their money in a bank account?

Bitcoin is still a fast moving crypto, even after so much ups and down bitcoin is still no.1 in the list. So I don't think it is a hype because of it's potential lot of people showing interest in bitcoin that is the result of which some are saying it as over hype.

The creator of Bitcoin, whose goal is the common currency for the whole world, but I now find that people see it as hoarding, similar to gold. Currently, the number of Unconfirmed Transactions is less than 10000, not much compared with the beginning of the year when the Unconfirmed Transactions amounted to more than 200k. So it's not a matter of concern

I think no. Bitcoin is the historical cryptocurrency and the leader of them all, which means, even if it's clearly not the best one technically speaking, it'll lead the way for many years still. This is also my mindset, I would love to have many bitcoins that to have a lot of altcoins. BTC is the king.

it seems that bitcoin is not overhyped as bitcoin prices go up because the bitcoin price movement is purely from buyers and sellers only, if many buy bitcoin then definitely bitcoin price will go up, so the profit you get is not overhyped.

What if one day Bitcoin reaches another ATH, do you still think it is overhyped? Absolutely not. Bitcoin market is volatile and is full of ups and downs. And like we are in the current down market, it doesn't mean it is overhyped.

No, I do not support the suggestion that bitcoin is overhyped because this is the oldest and most valuable coin in crypto, though altcoin may have advanced technology and maybe faster and cheap in terms of transaction speed and fee but this doesn't mean bitcoin is not better then they are. I will say that the slow speed of transaction is due to congestion but not withstanding, this coin is still getting more popularity and the community is increasing because people have believe in the promising potentials that bitcoin has and its price is also the highest of all crypto.

I do not think that bitcoin overhyped. It just very quickly gained popularity, perhaps this is just the beginning, and maybe the end of another bubble

BTC is not over hyped but I'd rather say much expectation is on profit from the investors not really on the adoption. Without adoption there can't be really rise in the value, the value is not over hyped but people are greedy of return from the investment.

Sometimes I think that it's true. As we talk about BTC price I think it's overrated of course. But now we see a real price of this coin.

Bitcoin was overhyped, but now we've almost reached the bottom. It remains to wait a couple of months and I hope that the growth will begin.

I look at the mood of investors, users of forums, social networks and see that 95% are tuned to the growth of bitcoin, then I look at the chart and see the complete opposite.

Now Bitcoin has a domination of 40-43%. But at the same time Bitcoin is the most liquid and sought-after asset. I think that this coin is underestimated.

I'm not sure, but it has a good value in the crypto world, I think it's not too exaggerated and I believe that's just the way in which people make speculation that is interpreted as hype in the future, but in my view, the more speculation it will be the better where he can make more people interested in bitcoin. because Bitcoin will become more popular today.

I can not agree with you, because I think your opinion is erroneous. Today bitcoin is the most popular crypto project among all the others. Bitcoin today is the benchmark of the entire crypto-currency market and I do not think it was overrated.

No, definitely not. It is the first cryptocurrency, the father of alts, the first crypro that is legalised as a state currency in Japan. It's one of the best coins for investment and long-term hodling. I'm actually surprised that many people do not know anything about BTC, it's definitely not overhyped.

Don't think so, gets much more attention than the altcoins.

I don't think it's exaggerated. You may think that the price of Bitcoin is very high now, but I don't agree. I think Bitcoin will become more expensive in the future. Maybe not everyone can buy a bitcoin in the future.

I think the level of the hype is still very small. We see every year more and more investors who enter the game. I think that it is still very far to the peak. Similar conclusions can be drawn by looking at market capitalization. She is still very small in comparison with traditional markets.

BTC fell drastically, and the price now is just getting higher.
BITCOIN price is not over hype, it is just the demand of the people and the development on it.
there are so many good news now, we should expect more price rise on this.

Indeed, the fact that Bitcoin cannot be defeated by other cryptocurrency.
Altcoin remains Altcoins as pino on the chessboard.

Bitcoin has a huge capitalist for its total finances.

overhyped or not, bitcoin still the best altcoins out there and it will go on until everything will end. Bitcoin will rule the world of fiat and cryptocurrency in the future. So its a huge profit if you have bitcoin right now, just get a hold of it and buy more while its price is not yet at its peak. Bullrun is coming guys. Fasten your seatbelt.

Perhaps it was. But if assess his technology then there is no. I think now bitcoin has insufficient capitalization.

i think so, thats why we found many negative news related to bitcoin from every bitcoin's competitor as investment or as digital currency. or even we can found negative news to someone who make advantages from that bad behaviour. But, i really believe that bitcoin are the future of currency and will replace fiat or other currencies in the near future.

Bitcoin the reigning king and top of the cryptocurrency world this is one amazing coin that has proven beyond any doubt that it's is the greatest. It value is huge and it's acceptance is massive so I don't believe that this coin. Is over hyped

I do not think that this is so, because it seems to me that those events that are happening on the contrary do everything to make prices fall and push prices down deeper and deeper, yet there is a great chance that the news will get better.

BTCs are never overloaded, although they are the king of the cipher market, many believe, but there are now too many other coffers focusing on occupying BTC's clients so I think too. This will not be overloaded

Perhaps we can really say it has been but the good thing is that because was able to live in it. Even though it was overhyped the good thing that we can see in bitcoin is its ability to work on said case. Well bitcoin has proved to us that it is worthy of our hype and now we are getting used to its greatness.

Bitcoin shows the society attitude to the market and can be considered as market index, so if we say it is overhyped it means the whole market is overhyped.

Well almighty bitcoin is the greatest coin in circulation right now in cryptocurrency so all its values and profile speak very loudly for it. I think it has done exceedingly well so it merit all the hype it is getting

I don't think that this coin is overhyped. As a matter of fact, I think that it is rightly hyped and the coin is just what it is. It is a great one, and there is a reason it is ruling the cryptocurrency now. i wish that more people will come to embrace this coin for the truth that it is, and watch it do its wonders. I super love this coin, and have great hopes for it.

It was definitely overhyped at the beginning of the year which is why the price got as high as it did during the bull but now the coin is starting to come back down, all of the hype do not look so bad now since the coin is still doing pretty good when a lot of the other coins are taking hit after hit. At this point i wouldn't say that bitcoin is overhyped anymore

BTC was really overhyped last winter. It was artificially hyped by whales who wanted to pump the market before winter vacation. The market was pumped by simple crypto enthusiast. Next bull run will be made by venture capitals.

Yes, it could happen, bitcoint is the parent of all cryptocurrency, many of them are familiar with this coint and this has increased its popularity, and it can be said that bitcoint is overhyped, because it affects all coints as well

Winter hype around Bitcoin was big, but he passed in a narrow circle of knowledgeable persons. Only about 5% of the world population own crypto currency, so before the big hype, we are still very far away. But when it happens, the price of $ 20,000 Bitcoin will seem ridiculous to you. ;D

I don't believe Bitcoin is over hyped.  I believe it's the opposite actually.  When we are on CNBC and every other financial site around the world and we have a market cap of 191 billion for the entire industry I don't know how we could be considered hyped up.  I believe we are in the middle of one of the greatest manipulations in human history. 

I do not understand why he is so valuable and continues to grow in value. take other coins where the speed of transactions is much higher and scalable and the commission is not that. The same etherium which has more pluses than bitcoins. it's like the square of Malevich. It seems like bullshit, but it costs a lot of money

BTC was maybe over hyped end of last year when reached $20 k , but this year the  market corrected it.
Now, it is rather under hyped as the whole market is in shady position, but BTC is strengthening it`s position
which shows it is the most trusted coin.

It is better to see bitcoin price not so high so people couldn't aiming for a high price by then. A lot of people losing their money due to btc hype happen last year which resulting damages on crypto reputation. And I may think that, $6k to $7k price is good enough to be stabilized.

No, I don't feel like Bitcoin is overhyped. There is still very much negativity and because of BTC price doubts too, but you have to see it in the long run it's still very comfortable for Bitcoin and also Altcoins.

It's not like that, friend, Bitcoin is the parent of all cryptocurrency. Indeed, Bitcoin is slow in its transactions but all of it has fantastic value.
Ethereum is good with the smartcontract project and starts making plasma networks.

It's likely that this is true, but it's already passed stage, when it cost 20.000 $, at the moment of its price equal to $ 20.000 it was really overheated for that audience, but soon a bigger wave of interest will begin, it already exists.

In the sense of its existence or price it is unclear what exactly you mean. Either way, i do not think it is overhyped, in fact with the uncertainty and fear surrounding it, there is still extreme wariness in most.

nope its just facts

No, of course not. That's when it will cost $ 100,000-300 000, when every student and every maid will had it, then we can return to this question, but for now, no.

Bitcoin has its own value and is not in the word overhyip.
There is no need for many people to talk because the value of Bitcoin always has a price increase without being predicted.

I don't think so. If you look at the price right now, it doesn't even look good for bitcoin (compared to its price last bull run).  Bitcoins popularity attracted a lot of investors to the crypto world and most of them are not investing on bitcoin but on other alternate coins.  I think a lot of alts owed a lot on bitcoin and it is losing its hype because the attention is on the other coin like Ripple and Ethereum.

I don't think so! just remember Bitcoin is the pioneer of all Cryptocurrency and it takes  close to 10 years to achieve this growth that's why its not "Over Hype" there is a process before bitcoin reach its current value and popularity. Thats my personal opinion and i'm not and expert!

no it's definitely not, all other altcoins might be but bitcoin is the main factor in this economic revolution

Yes there's no need to hype since Bitcoin is original cryptocurrency and it has have a very strong supporter that is why this is very popular to the people , and the price will growing up even, no hyper.

If you claim that Bitcoin is over hyped, you might as well say that cryptocurrency is over hyped. Cryptocurrency is the currency of the future. Bitcoin is the original cryptocurrency. It may contain certain flaws, but it was a pioneering project, after all. Future evoutions of cryptocurrency will, no doubt, achieve perfection. Meanwhile, we have Bitcoin.

No, I do not think it's overhyped. Still a lot of people that did not know about it. I think in the global sense bitcoin is a newbie and has a long way to go.

This may be a time sign that every blog that values investment value must have a post about bitcoin. And when you tell people randomly that you are investing the first question these days is if you have (or trade) bitcoin or not.

Why do you mean? You mean it's price? If so then I think it's not really overhyped. As it already was mentioned before, traders are setting the price. And maybe it worth it's price. And if you mean it's popularity. Well maybe. But only outside of crypto community. Because I see no hype around Bitcoin here.

For now bitcoin is underhyped. Because many investors are exiting on these coins and I see also that many investors are entering and making possession on it. I bet this is all because of the current bitcoin price. Many investors are buying the dip, hoping for another bull run to be expect.

Don't choose a bad picture because Bitcoin is the queen of all other types of coins so it won't happen for the near future. All other types of coins will be more based on the price of Bitcoin until now.

I really do not think bitcoin is overhyped. It worth the hype as it still remains the father of all other coins. But, with the look of things, it's beginning to lose its authenticity.The rate at which it falls presently is very high. I just don't understand why it keeps falling.

I think this is just a form of panic from the market, I still feel optimistic to see there is still a good future for bitcoin and other krypto currencies

Seems, emh... Yes....
all that we see now, tell us that all cryptocurrency world is overhyped, by our dreams and hopes.
very sad to understand it.

I think there is no such things as an "overhype" for bitcoin. What i think is that people put their trust on bitcoin that what makes the price that high.
But right now the price of bitcoin is declining a lot, that perhaps many big investors starting to sell their bitcoins, and perhaps there are also people who are getting worried if it declined even more.

The present sell off indicates that it was over hyped during 2017 and the first half of this year but now a lot of speculation is leaving the market so there's not as much buy support which allows for the value to be manipulated more easily but there should be more institutional investment entering the market that will help spark a revival

I think it can be overhyped in a sense that some very passionate bitcoin supporters will say that bitcoin is king and will be forever number one. Sometimes, their enthusiasm may cloud the facts. Yes, bitcoin is the pioneer but we have to keep an open mind that in terms of features and potential, there may be other coins that could be stronger, am I right? And I’m referring to crypto as not just an investment, but as an actual currency.

I don't think so. The price clearly shows that it is not that needed because a lot of investors are dumping it. However, this might be a strategy to increase the demand for the coin. Low price can be enticing for big investors but we are not sure as to why other investors are selling their bitcoin. It should also attract new investors or traders that was willing to take the risk and hodl until the next bullrun.