Bitcoin Undervalued By Over $200

[asrilani]

Bitcoin is not backed by anything , so its price is determined by supply and demad .No body can fix it . Its always right.

Yeah, I also agree, its price is determined by the supply and demand, when more people will demand about it, the price will increase, and now at this era we are seeing that more people especially online earners are adopting bitcoin on a great scale.

I use bitcoin to buy things and do some trading with other altcoin. I hold most of the bitcon though.

[rovufarm1]

It's already OVERvalued because it's a digital currency, yadayada. It's already 4000x ish over the market price of when it first started.

[asrilani]

But that does not mean it is not undervalued. The Gooogle or the Apple price has risen a lot, but they are still valuable.

[BitMaxz]

It's already OVERvalued because it's a digital currency, yadayada. It's already 4000x ish over the market price of when it first started.

I think bitcoin still not over valued even its just a digital currency because of demand and supply the price should be high.. and i think it will increase more in the following year. because we are developing and users are increasing.. thats why bitcoin will bbe more high value.. and i think someday bitcoin will be instinct and the more less supply the higher the value..

[richardsNY]

At this point the price isn't undervalued at all while the block rewards are still 25 BTC. If the price after the block halving is still around these price levels, then you can say that the price is kinda undervalued.

[lissandra]

If you think the price of the btc is overvalued, its time to re-adjust the norm.

It means you need to re-think how to earn more to afford btc before it goes even higher.

[Swisk]

I also think same as there is no reason for bitcoin to be at 400 mark before upcoming halving. Bitcoin price is manipuated by whales right now.

One theory is that the bitcoin is held down by the miners. The miners have already presold the coin they could mine.

Why would the miners want to do that though? I mean, they would benefit if the prices went up, right?

[asrilani]

I also think same as there is no reason for bitcoin to be at 400 mark before upcoming halving. Bitcoin price is manipuated by whales right now.

One theory is that the bitcoin is held down by the miners. The miners have already presold the coin they could mine.

Why would the miners want to do that though? I mean, they would benefit if the prices went up, right?

The miners borrow the bitcoin, and sell the bitcoin to lock in the profit. They will return the bitcoin using mining.

[Yadamosan]

I also think same as there is no reason for bitcoin to be at 400 mark before upcoming halving. Bitcoin price is manipuated by whales right now.

One theory is that the bitcoin is held down by the miners. The miners have already presold the coin they could mine.

Why would the miners want to do that though? I mean, they would benefit if the prices went up, right?

The miners borrow the bitcoin, and sell the bitcoin to lock in the profit. They will return the bitcoin using mining.

So after they have presold the bitcoin and can return the bitcoin to the lender, the bitcoin price does not matter any more.

[maku]

Bitcoin is not backed by anything , so its price is determined by supply and demad .No body can fix it . Its always right.

We could argue that gold isn't backed by anything either... and so on. Bitcoins have value because they are useful simple as that.

But it seems there is always a problem with determining 'true' value of bitcoin. And I don't think it is $655 or something, like that Bitcoin Investment Trust are trying to tell us.

[1Referee]

Bitcoin is not backed by anything , so its price is determined by supply and demad .No body can fix it . Its always right.

We could argue that gold isn't backed by anything either... and so on. Bitcoins have value because they are useful simple as that.

But it seems there is always a problem with determining 'true' value of bitcoin. And I don't think it is $655 or something, like that Bitcoin Investment Trust are trying to tell us.

These companies don't say anything without a reason, they probably have scooped up a lot coins and are now trying to crank up people to think Bitcoin is currently undervalued, which isn't the case. That's why I always do my own research.

[Jistlad]

Bitcoin is not backed by anything , so its price is determined by supply and demad .No body can fix it . Its always right.

We could argue that gold isn't backed by anything either... and so on. Bitcoins have value because they are useful simple as that.

But it seems there is always a problem with determining 'true' value of bitcoin. And I don't think it is $655 or something, like that Bitcoin Investment Trust are trying to tell us.

These companies don't say anything without a reason, they probably have scooped up a lot coins and are now trying to crank up people to think Bitcoin is currently undervalued, which isn't the case. That's why I always do my own research.

Bank of America already said bitcoin was worth $1200 in 2013. So the bitcoin is undervalued by $800.

[asrilani]

Bitcoin is not backed by anything , so its price is determined by supply and demad .No body can fix it . Its always right.

We could argue that gold isn't backed by anything either... and so on. Bitcoins have value because they are useful simple as that.

But it seems there is always a problem with determining 'true' value of bitcoin. And I don't think it is $655 or something, like that Bitcoin Investment Trust are trying to tell us.

These companies don't say anything without a reason, they probably have scooped up a lot coins and are now trying to crank up people to think Bitcoin is currently undervalued, which isn't the case. That's why I always do my own research.

Bank of America already said bitcoin was worth $1200 in 2013. So the bitcoin is undervalued by $800.

That is good to know. I think I will buy some bitcoin and hold it for the long term. I might sell when the price is $3000.

[DashCoinDark]

We never know what the value can be in the future but the most people are hoping that the value will be more worth soon and that would be nice for the Bitcoin users.
And as we can see now you see also that the halving is also coming so that can be perfect.

[asrilani]

We never know what the value can be in the future but the most people are hoping that the value will be more worth soon and that would be nice for the Bitcoin users.
And as we can see now you see also that the halving is also coming so that can be perfect.

The halving might double the price, then it will attract attention of more people, they will buy more, the price will rise again.

[MaritiJames3]

We never know what the value can be in the future but the most people are hoping that the value will be more worth soon and that would be nice for the Bitcoin users.
And as we can see now you see also that the halving is also coming so that can be perfect.

The halving might double the price, then it will attract attention of more people, they will buy more, the price will rise again.

If that would happen i would be very happy, but yet I am more a sceptic person. Towards the halving i think it's already calculated in. Which means not there is no room for a bigger rise, but don't expect it to double.

[European Central Bank]

If these guys truly believe what they've written then let's see them start making some monster buys.

[Yadamosan]

If these guys truly believe what they've written then let's see them start making some monster buys.

There is a reason for the under value. There is no block size increase until now, the transaction take too long time.

[zimmah]

If these guys truly believe what they've written then let's see them start making some monster buys.

There is a reason for the under value. There is no block size increase until now, the transaction take too long time.

wasnt that fixed recently though?

[NeuroticFish]

Most of the honest coins are undervaluated for now.
Since Bitcoin is the king of cryptocurrencies, it has the best chance to see better days.
Let's see if halving will help...