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hector3115 (OP)
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April 14, 2015, 10:33:56 AM |
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Is completely insane. The value of the blockchain alone is huge. it has got to be the most undervalued asset I have ever seen in my entire life
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futureofbitcoin
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April 14, 2015, 11:11:55 AM |
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no, the value of the blockchain itself is 0, because it can be easily replicated. So the value is in the network effects, or the people using the particular blockchain. And at this point, I don't think 3 billion is under valued. Could be overvalued by quite a bit, actually. But I do think eventually when there are more uses for blockchains for the average person, the no. of people will increase exponentially and by that time, the price will increase.
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mishax1
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Activity: 2898
Merit: 1017
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April 14, 2015, 11:40:08 AM |
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In my opinion its value is about right..
It still has huge potential but it is not yet fully "operational" and has a lot of services to offer by the businesses that are using and will be using it.
Once we see things moving and meet the next halving point (2016) we then can say that the current price is undervalued.
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cbeast
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Activity: 1736
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Let's talk governance, lipstick, and pigs.
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April 14, 2015, 11:45:34 AM |
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Bitcoin is the most secure asset bar none. It is unique. The problem is nobody uses its security features properly.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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SirChiko
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April 14, 2015, 11:49:31 AM |
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Bitcoin is the most secure asset bar none. It is unique. The problem is nobody uses its security features properly.
Nobody? I know plenty of people that take their security precautions really really seriously. And i agree that this market cap is undervalued and should be ATLEAST 10x that summ! |
The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes. This is not paid AD!
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Q7
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April 14, 2015, 11:53:04 AM |
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The calculation and value derived from the market cap can be misleading. But never mind, put that aside, what I see long term is mainly the potential. If you consider the technology, the support from the community, the integrity of the system, these are what give value to bitcoin.
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mishax1
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April 14, 2015, 11:54:07 AM |
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Bitcoin is the most secure asset bar none. It is unique. The problem is nobody uses its security features properly.
Nobody? I know plenty of people that take their security precautions really really seriously. And i agree that this market cap is undervalued and should be ATLEAST 10x that summ! I don't think he meant the individuals but the businesses that can gain a lot from using it. |
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InceptionCoin
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April 14, 2015, 11:57:48 AM |
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Is completely insane. The value of the blockchain alone is huge. it has got to be the most undervalued asset I have ever seen in my entire life
You should distinguish value of bitcoin blockchain and multiplication bitcoin-as-a-coin vs current-price. Its the same as compare value of all economy and sum of cash banknotes. |
Skilled C++ and Python programmer. Looking around to create solid longterm coin by myself. Do you have any ideas? Feel free to PM me.
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mishax1
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April 14, 2015, 12:00:38 PM |
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Is completely insane. The value of the blockchain alone is huge. it has got to be the most undervalued asset I have ever seen in my entire life
You should distinguish value of bitcoin blockchain and multiplication bitcoin-as-a-coin vs current-price. Its the same as compare value of all economy and sum of cash banknotes. That's what i'm telling everyone, this is not a coin, it's a technology. |
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cbeast
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Let's talk governance, lipstick, and pigs.
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April 14, 2015, 12:15:02 PM |
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Bitcoin is the most secure asset bar none. It is unique. The problem is nobody uses its security features properly.
Nobody? I know plenty of people that take their security precautions really really seriously. And i agree that this market cap is undervalued and should be ATLEAST 10x that summ! I don't think he meant the individuals but the businesses that can gain a lot from using it. *Present company excepted, of course. But yeah, we're still seeing exchanges losing wallets. Someday when Bitcoin is known as an ironclad asset with Fort Knox security in your pocket, then people will use it. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Morecoin Freeman
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April 14, 2015, 12:31:25 PM |
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How does one determine whether a currency is fundamentally undervalued or overvalued?
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Ask the stranger he knows who you really are.
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Amph
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April 14, 2015, 12:36:05 PM |
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3 Billion is really undervalued, it mean that everyone could just buy less than 0.5 dollars of bitcoin, which are 0.002252 bitcoin
for me a "real price" should be the one that make everyone holding at least 1 btc, this mean x444 current price, which is equal to a price of 100k for 1 btc
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Fabrizio89
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April 14, 2015, 12:41:24 PM |
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Only time will tell. Everyone has a different perception, you alone can not be right
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HeliKopterBen
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April 14, 2015, 12:51:31 PM |
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no, the value of the blockchain itself is 0, because it can be easily replicated. So the value is in the network effects, or the people using the particular blockchain.
You cannot replicate the hash rate, therefore you cannot replicate the blockchain. All chains will have different security profiles based on hash rate. No chain will be equal to another. "The blockchain can easily be replicated" is another myth of bitcoin. |
Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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FeedbackLoop
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April 14, 2015, 12:57:46 PM |
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no, the value of the blockchain itself is 0, because it can be easily replicated. So the value is in the network effects, or the people using the particular blockchain.
You cannot replicate the hash rate, therefore you cannot replicate the blockchain. All chains will have different security profiles based on hash rate. No chain will be equal to another. "The blockchain can easily be replicated" is another myth of bitcoin. A weaker but related meat-space fact: some of us will never support a different ledger. I'm all for alts but if you don't start by forking Bitcoin's blockchain and have an alt superior enough that I would want to support it, then I will just support the first Bitcoin's blockchain fork that implements that alt. |
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spazzdla
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April 14, 2015, 01:04:18 PM |
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Bitcoin is the most secure asset bar none. It is unique. The problem is nobody uses its security features properly.
This is quite true. |
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SirChiko
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Activity: 966
Merit: 1000
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April 14, 2015, 01:11:41 PM |
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Bitcoin is the most secure asset bar none. It is unique. The problem is nobody uses its security features properly.
Nobody? I know plenty of people that take their security precautions really really seriously. And i agree that this market cap is undervalued and should be ATLEAST 10x that summ! I don't think he meant the individuals but the businesses that can gain a lot from using it. *Present company excepted, of course. But yeah, we're still seeing exchanges losing wallets. Someday when Bitcoin is known as an ironclad asset with Fort Knox security in your pocket, then people will use it. You already have that, just google trezor?  ) |
The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes. This is not paid AD!
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spazzdla
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April 14, 2015, 01:19:04 PM |
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Bitcoin is the most secure asset bar none. It is unique. The problem is nobody uses its security features properly.
Nobody? I know plenty of people that take their security precautions really really seriously. And i agree that this market cap is undervalued and should be ATLEAST 10x that summ! I don't think he meant the individuals but the businesses that can gain a lot from using it. No no no no no no no no no no.. NO NO JUST NO. He is referring to this EXACTLY... individuals putting their wealth in exchanges expecting them to keep it safe... You might as well just light your money on fire, send your bitcoins to an address with an unknown private key. Bitcoin gives YOU the ability to secure your bitcoins... WHen you "put" your bitcoins on exchange you are not "putting" them there at all. You are GIVING them to the exchange and they are giving your a promise you will get them when you ask for them... That is exactly what our current banking system does... The entire point of bitcoin is to stop this......... DO NOT PUT YOUR WEALTH IN OTHER PEOPLES HANDS... BITCOIN GIVES YOU THE ABILITY TO SECURE YOUR BITCOINS 99%(That 1% is they torture you for your private key, if you think this wouldn't happen you need to wake up to the world you live in). So one last time... DO NOT GIVE YOUR BITCOINS TO OTHER PEOPLE TO SECURE.... If you can't be bothered to learn............. you've spent over 10 000 hours in school and you won't spend 20 on learning how to secure your wealth.. you deserve to have nothing. |
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futureofbitcoin
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April 14, 2015, 01:30:51 PM |
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no, the value of the blockchain itself is 0, because it can be easily replicated. So the value is in the network effects, or the people using the particular blockchain.
You cannot replicate the hash rate, therefore you cannot replicate the blockchain. All chains will have different security profiles based on hash rate. No chain will be equal to another. "The blockchain can easily be replicated" is another myth of bitcoin. Uh, can you read? I said the value is in the network effects. The hash rate isn't built into the blockchain... it's accumulated from the network effects, where the value lies. It's the same with uber, facebook, and whatever else. They're valuable because people use it. The actual "technology" is not difficult to replicate. Learn to read, man. |
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1Referee
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April 14, 2015, 03:09:38 PM |
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Current market cap might seem low to certain people, but it's not. Demand have been decreasing quite a bit last few months/weeks.
But all that is just temporary, demand will go back to more healthy levels once we get the halving to happen in 2016.
There are just not enough takers at the moment as there is barely fresh fiat being pumped in Bitcion lately.
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