3 billion market cap for this tech...

[BillyBobZorton]

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.

There's no blockchain without Bitcoin, don't get fooled. Bitcoin mining is the strongest network on earth, even if you combined world's earths super computers against Bitcoin it wouldn't match up the computing power. Look at the facts.
Uber is 4 billion for god's sake. Bitcoin will be on the trillions in the next decade, see you there buddy.

[mrhelpful]

Its a shame though, cause despite the tech which I also appreciate and another reason I invested.

People are selling their coins left and right, due to the recent prices rumoring double digits. I think if anything, the blockchain is more valuable since its been a public ledger if a company can do this in their own version then I understand.

[thejaytiesto]

Its a shame though, cause despite the tech which I also appreciate and another reason I invested.

People are selling their coins left and right, due to the recent prices rumoring double digits. I think if anything, the blockchain is more valuable since its been a public ledger if a company can do this in their own version then I understand.

It's just the whales wanting to eat tons of BTC because they got left over (when I say whales I say traditional tech industries and wall street, not necessarly individual BTC whales). The manipulation these days is insane.

[mrhelpful]

Its a shame though, cause despite the tech which I also appreciate and another reason I invested.

People are selling their coins left and right, due to the recent prices rumoring double digits. I think if anything, the blockchain is more valuable since its been a public ledger if a company can do this in their own version then I understand.

It's just the whales wanting to eat tons of BTC because they got left over (when I say whales I say traditional tech industries and wall street, not necessarly individual BTC whales). The manipulation these days is insane.

Sounds about right though. Prices can be done by the daily stolen coins, whales, miners hoarding (ceize operations: example - cex) all those things can happen.

This is what I think, its a stupid idea but a possible one. If you were rich, and your good buddy was rich as well. He wanted to get involved into bitcoin for cheap, you decide to do something for him like dumping certain amount coins for a cost favor.

Or am I just overthinking it? I only state this, because the rich are always tied together. Nothing against the rich or anything, heck my old buddy is one of them.

[futureofbitcoin]

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.

There's no blockchain without Bitcoin, don't get fooled. Bitcoin mining is the strongest network on earth, even if you combined world's earths super computers against Bitcoin it wouldn't match up the computing power. Look at the facts.
Uber is 4 billion for god's sake. Bitcoin will be on the trillions in the next decade, see you there buddy.

There's no mobile based transportation network without uber. There's no social media without facebook.

See how ridiculous that claim is? Please stop regurgitating logical fallacies and read (and think).

[mcplums]

I agree with you OP. $3bn is so ridiculously tiny. Buying bitcoins feels like buying winning lottery tickets.

Think about how many thousands of companies there are that you've never heard of which have a market cap above this. They are all valued above a currency that has a very real chance of becoming the most used currency of the planet AND as a store of value on par with gold.

As a completely arbitrary example, Severn Trent is a water company that serves a small area in England. It is valued at approx 2x the market cap of bitcoin. It has 8000 employees. Yet the market thinks this dinky little company has just as much future value as bitcoin? Wtf m8.

[hector3115]

there's  small biotech companies that will never get a drug to market and are burning cash like crazy valued at six billion dollars.

[thejaytiesto]

I agree with you OP. $3bn is so ridiculously tiny. Buying bitcoins feels like buying winning lottery tickets.

Think about how many thousands of companies there are that you've never heard of which have a market cap above this. They are all valued above a currency that has a very real chance of becoming the most used currency of the planet AND as a store of value on par with gold.

As a completely arbitrary example, Severn Trent is a water company that serves a small area in England. It is valued at approx 2x the market cap of bitcoin. It has 8000 employees. Yet the market thinks this dinky little company has just as much future value as bitcoin? Wtf m8.

"Buying bitcoins feels like buying winning lottery tickets. " That's is exactly what is is, a perfect analogy to explain how does it feel buying sub 1XXX BTC right now. Too bad (for them) that most people don't have the vision.

[ashour]

$3B is very undervalued IMO, bitcoin and it's blockchain technology are a game changer in the financial and decentralised field of techonlogy. I think that the bitcoin marketcap should be at $50 billion which is more reasonable IMO.

[1Referee]

$3B is very undervalued IMO, bitcoin and it's blockchain technology are a game changer in the financial and decentralised field of techonlogy. I think that the bitcoin marketcap should be at $50 billion which is more reasonable IMO.

You think a $50 billion market cap is reasonable? How so?

I think you are not realistic and expect too much from Bitcoin in current form. This year was horrible for Bitcoin which is reflected in the price.

[techgeek]

Its undervalued as long people dont get itll stay that way.

Until theres some type of progress of growth of users, to have people to see what it does. For some it can be avoiding waiting in line to get cash to pay a bill.

Others can be used for sending it to a loved one overseas.

But despite all these great things, im selling and im buying back as it slowly goes downward.

[Amph]

$3B is very undervalued IMO, bitcoin and it's blockchain technology are a game changer in the financial and decentralised field of techonlogy. I think that the bitcoin marketcap should be at $50 billion which is more reasonable IMO.

You think a $50 billion market cap is reasonable? How so?

I think you are not realistic and expect too much from Bitcoin in current form. This year was horrible for Bitcoin which is reflected in the price.

what? 50B is still utterly undervalued, real bitcoin value is near the trillion range, and i'm not even joking

and this for bitcoin only, if we can talk about its technology, the blockchain, we must add another value to it

[farting_shot]

All of you ^^^^^^^^ are DELUDED. Btc has been shown to be a lousy currency and an even lousier store of value. It's going down to ZERO. Don't be a bag-hodler!

[hector3115]

The last year has been bad for Bitcoin???  Are you kidding?  Fuck the price, the infrastructure being built out is amazing.  The VC money is huge.  Big time players in tech and finance are getting in.  I think I'll follow the big money and visionaries rather than the internet trolls on this board!!

The price right now is an absolute gift to the world.  You will look back on these days and realize the writing was on the wall and how in the world did I miss that???