Bitcoin Forum

Hi,
I'm really curious what in your personal opinion the price should be - where do you think we should be in means of adoption and infrastructure.

We currently have price of about $1000 per 1 BTC, do you consider it as about right, overvalued or undervalued in all and all?

Please vote and if possible please explain why you voted in this way below.

Thanks.

The current price of bitcoin is the amount of money people are willing to give for 1 bitcoin and then that's it. There's nothing more to it. It's not undervalued or overvalued when you consider the adoption and infrastructure. If it was undervalued, traders/whales should already be rushing in buying more and more coins until they got no more fiat. If it was overvalued, people should be rushing selling their coins. I think whatever's the current price of bitcoin is it's "right" value.

As nothing much is going to happen this month , I don't think the price will go anywhere above 1200$ assuming that there is no manipulation by the big whales. I'm definitely optimistic for the rest of the year though , with both Segwit , Lightning network and other implementations coming.

I think it is valued right. Unless we solve the problems regarding blocksize and increase transaction throughput, the price will be restrained.
Once we cross those hurdles, the moon will be the limit.

For me it always works best when 1 BTC is 100 million satoshi.  I like the stable price.

The market says $1055.53 US
The market is not an opinion about the price, it is the price. But my gut feeling is that speculation adds say 10% to the utility valuation. So, $950.

You have seen it over $1000, and it is real $1000. but bitcoin is on his steady way. In this month the price of bitcoin will be stable on $1050 - $1100. based on some news about the adoption of bitcoin. it may grow more.

according to my observations it is still the standard price for bitcoin should it be more than the figure for the month of February with a price 1044usd / BTC at this time, it still could rise again, judging from the movement of the graph can penetrate 1150usd / BTC for this month

The range 800-1,200 USD is most likely where BTC will be in February 2017. No wonder almost everybody voted for that.

I think to make this poll more interesting we should split that at least in two parts.

I think that Staying at the current price is just perfect because Im afraid of bitcoin price decrease because usually at February it drops.

We may want to see bitcoin price at leasr to $1200 but its a bit hard (but achievable) within the next 3 weeks.

If "SHOULD" ok? Well then my guess is around $4,000 if there is no such thing as MT. GOX epic fail happen and no such thing as "NEGATAIVE" news rise while bitcoin is taking on it's journey in the financial world. Meaning just a continue increase even a slow one.

But that is not possible obviously in the first place. By going back in the reality, the price today is just appropriate and reasonable even bitcoin was already 8 years in existence.

I think the price for bitcoin will stay approximately the same till the end of the month, the same as today 1030$ add or take couple of tens dollars. That is not so bad, bitcoin cost a lot even now and I think creators didn't even expect such success.

800 to 1200 usd per btc i think is the most realistic and logical figure that we can look at at this point. Btc price has been in a way consistent within that range for the start of this year and i think there won't be any drastic change we'll see up to around march and then we'll see if the price of btc would go beyond the record or remain as it is, but i'm feeling good about how the prices are moving

As mentioned price is expected to stay in the current price till the month end. The price of bitcoin is found quite stable without sudden steep variation. So in a short the price won't fall very low than the price from which the price started to increase to reach the ongoing increase.

So i hope bitcoin will stay above 1000$,best will be above 1050$ and at early spring attack on all time high
Will be more data about inflation in Europe in April,with that what EBC is doing can be very high inflation and real danger of hyperinflation

the month of February to coincide with the event feast of Chinese New Year, so this could be dampat of it then the price before the Chinese New Year is around $ 880, but after the Lunar bitcoin always rise slowly but surely my forecast prices bitcoin highest for the month of February is $ 1150 / BTC btidak more of it for less than it is likely

I think its undervalue still knowing its being adopted by known merchants around the world. Currently, there have been a lot of start up companies wanting to be funded by the bitcoin users as investors which makes it more valuable because company value also grows by the time it achieve goals. We keep shouting these companies to be scam but some of them are really passionate to make it big and give back to the community. Bitcoin has got to have more value than how much it has, its just a matter of time before we see its real value.

I think with this answer I'm most happy because it actually answers what I'm talking about - market is market and from time to time it seems not get it. Considering that Bitcoin allows to move money from one part of the world to another at anytime for couple dollars worth - I think that deserves at least double the valuation that it currently has but people are just focusing on the number. I think I will make a new poll later with different question.

The price is good right now, and it's going to stabilize, as it does since some days. I will prefer to see the price stabilizedd at his rate instead to see it growing by 20% and decrase by 30% one week after. So far i am happy with how it  is righ now. It continues to grow slowly but surely. I am surely it will go up to 1400$ before the summer or just after.. Keep the fingers crossed guys xx

If everything worked fine i predicted bitcoin will be around 1200$, judging from the user enthusiastic and the bitcoin popularity, but due to the china's government investigation,this has set back the price and transaction volume, so i predicted it will be around 1000$

Bitcoin price should be at 1200+ if the PBOC has not released a Fud that make the bull run last January to stop and dropping Bitcoin at sub $800.  So I guess The price of Bitcoin this February should  have been surpassed the ATH and sitting between $1200 and $1300.

Whatever the price currently is, that is the correct price, the market is just a place where buyers and sellers decide the price of a good or product if at some point the buyers decide they are willing to pay more for it and the price increases if they take the opposite decision then the price decreases.

Yup, you're right or even more. The last time we crash. We are at $1100+ that time and we almost hit the all time high bitcoin price. If the PBOC didn't do the dick move, maybe we already surpass the all time high record of the bitcoin price. But i respect that. China's exchangers are guilty on manipulating volumes. PBOC did the right thing. Now, we are at the right price now. Hope the rally continues.

I think bitcoin price range will about 1200-1500$ this february. After reaching the ath at 1450$ it will definitely go down at 1100$  and will continue go up in the month of july.

The right price for bitcoin this February of 2017 will be $1200. This is my opinion but I believe that by the end of February it will reach that value. Further by March this year it will climb up to 1500$ and so forth. I hope it will move up and there will be no more hindrance that will cause another price deflation.

I think we are so hype about the price of bitcoin because we all know that lately the price is rising and getting bigger so now we do expect at $1200 by the end of the month but i think it is so high though it is possible to get that price but now it will be stable at $1k - $1.1 that is the range and that is my speculation. But it will still pumping but slowly because the price is really high

It is so hard to predict where will bitcoin price could go this month,its all in the hands of whales how they will drive the price on  thier like.  But for me im sure that bitcoin price this month would be 1250$ and down.

I don't want to expect big now, I just wish that every month the bitcoin price will increase every month because somehow I'm thinking that if this happens every month then the loyal/old users of bitcoin will benefit because until now they using bitcoin so its just a reward for them. :)

I think it would range for about 800USD to 1200 USD as how I see its market. I do believe, it won't go down into 700USD again as what happened in the first week of january. As if now, I don't see any votality because the huge issue in China reagrding bitcoin had been closed. Hence, expect that bitcoin will be consistent is this month, I don't expect any quick pump in this month. Maybe this year, it'll reach 1500 USD since its market are widespreading and it is becoming more popular in terms of online business and transactions.

800 USD is far already and I don't think it will hit that price every again, so we missed the chance of buying it at a low price of 750 USD. Right now bitcoin is bouncing back from a sudden drop and I think it will not drop back below 800 USD but probably at around 950 USD which will be its new floor price.

I voted for 800-1200. Considering the current price of bitcoin, I think the price is right where it should be. I just noticed that lately it is moving up steadily. It may reach 1100+ by end of February if it continues its movement. I doubt it will go back to below 900 unless there is a massive dump by whales.

There is nothing like overvalued, undervalued or right for the prices of securites and investments.
Determination of price is always a fictitious concept! Moreover, bitcoin is a virtual good. Is there any way to determine the intrinsic value of Bitcoin? Indeed no, moreover hardly there exists any intrinsic value of Bitcoin. So price of Bitcoin is detemined by faith of people in currency, demand/supply, etc. So for now, it would be good to remain at $800-1200

i see most people have voted for the second option, but that option is what bitcoin price "is" not what it "should be", it is possible many misunderstood that.

in my opinion price should have been about $3000 by now, with the rate price was rising, and the adoption.
but things like slow regulations, MtGox fake pump, exchanges getting hacked, so much FUD in media and news about bitcoin and in general showing bitcoin in a negative light, and many more things prevented that by slowing down the rise.

I think it's still undervalue since it may increase until 1200 / btc as we can bitcoin enthusiast increased around the world
Meanwhile more people decide to hold bitcoin because of this event which support bitcoin value

i always say bitcoin is so much more valuable than it shows, which means there is always more potential for growth. in other words the current price level of $1000ish is an under-valued price in my opinion which means we should see a rising price for the foreseable future.

and the reason is all about adoption and the fact that there is a very limited supply of coins while there are lots more people on the planet.

Even though prices rose dramatically in the bitcoin 1 this week, but the increase is still reasonably appropriate graphics are 1,000-1,300 USD. I'm sure in February prices bitcoin will not be under $1.000. So I suggest to hold bitcoin.

The price of bitcoin will not over $1200, I was determining the PBOC's action to prevent the price of bitcoin from going up. Some news from PBOC has released and it always gives negative impact for the price of bitcoin, it looks like the other news will coming. but a lot of the news about the adoption of bitcoin was appearing.

I think the current price is always the right price, if at some point in the future bitcoin reaches  tens of thousands of dollars thanks to adoption and new services that only means that is the right price at that time, bitcoin right now cannot reach that price because it lacks the ability to reach it but it has the potential to do it.

Six months ago, I would not have thought that 4 digits prices were not possible. Now here we are at over $1000 and the price is not showing any signs of any major pullback. Personally, I wish it would stay at these levels before making another big push towards $1100, but the bulls are pushing the bears aside at such a strong run.

A very big difference between the old story of bitcoin. Bitcoin value for now is so very volatile and we cannot predict it , whether it will go high or low. A lot of major pullback it would have be, we cannot know what will happen for bitcoin value. In 2017, we should aware what will happen in bitcoin value.

I agree with you that the price would have hit that range or even surpass it, but crash would have occurred also and would have been worse than the PBOC interference.

Bitcoin Regarding the graphics may not always show the correct development, recently received another decline due to regular inspection of the Chinese stock exchanges. In February, at least to hold above 1000.

Despite of the PBOC's interference, I am happy to see bitcoin above $1000 mark as usually Chinese market plays a major role in controlling the price of bitcoin and I expect price to crash to $700 as fees are implemented on top Chinese exchanges. I do not know what the reason is for bitcoin not to correct and still staying strong. But I hope this trend will continue and we see the year ending with at least bitcoin at 2000 to 3000 USD.

well we should be happy to still seeing it much stronger and hoping to continue and surpass everything even PBOC's interfering maybe its even getting much more attention since chinese is really big market but there still some force which still holding the price.

we can think about a easy way bitcoin may grow, by starting from a value of $10 and adds a zero for each additional halving

$1000 by 2017 is an okish price, if remain stable, for 2020 i'm expecting $10k, with the above rule

another rule i like to determien if the current price will be stable is to see if it was reached at least two time with a strong pump and dump, and $1000 was already reached

I went for 800>1200 because that is the likely realistic possibility even from what we witnessed today that range is the best range. But our suggestion does not really matter whether the price will increase or reduce, i have no input as I don't have the amount that can influence market direction. For those thinking we are going to $2000 anytime soon I guess they will have a re-think.

Your poll is badly designed. There is only one serious answer: $800-$1200. There is no way in hell that we will reach price of $2000 or higher.
$10.000 is totally impossible, even cumulation of extra bullish news i.e: SegWit acceptance by superconsensus and Winlkevoss ETF approval by SEC both happened, we wouldn't reach more than $3k.

Let's be realistic. 800-1200 USD Price is a very reasonable price range for bitcoin this february and even for the whole year because we can see that the price of bitcoin is getting stability after a few past months of the year 2017, So it is a good sign that we can expect a higher price soon after a few couple of months since bitcoin is doing a great job.

I think the price in February has to be not lower than 1000$ and the highest point can be whatever. This current price for bitcoin, 1000+$ totally satisfies me. I think this price is perfect for bitcoin.

The range much realistic is between 800 and 1,200 USD. It is most likely where the Bitcoin will be in February 2017.

I think this is a great thing because Bitcoin need stability.

I hope after accumulation at lowel level bitcoin price will comeback to above 1000$ price and in earlyspring like april we will pass all time high.There is now to much rumor from China what will support short sellng
Whan i will see in financial press of my country yet another stupid news about bitcoin crash than will be time to buy
It always work for me

at the moment the price of Bitcoin continues to drop. But let us hope that it will be restored again and will not be until the end of February to fall below 1,000

I prefer big swings in price myself rather than to have stability that way you can sell when the price is high and buy once again when the price gets lower and get more bitcoin by just being aware of the price movements of bitcoin.

My prediction I think it will become 2000-3000$ before end of this year. Why? we actually reached 1300$ almost othen it suddenly crashed down after an hour only, which means there is a big possibilty that can be happen were our bitcoin to hit that amount of price.

So I clicked onto "800-1'200 USD" like everyone else, well 75% else. Let's stay realistical, the dreamlike hights are reserved for the days bejond this scaling debate. The gov's interference weights minor on my prognoses, since I am seeing most of the action taking place elsewhere around the globe.