Bitcoin Undervalued By Over $200

[Jistlad]

As you can see now you see that Bitcoin is becoming more worth and that is because it started to rise slowly now and that is nice and you can even see now that the halving is coming also.
And many people waited already a long time until they can sell it with profit so maybe the time will be soon.

If the price rises slowly, say, 10% a month, the price will not drop too much as there is no big pump and dump.

Yes thats the great thing  for slow rising. The good effect for slow rising is that the price of bitcoins rises slowly and it will not fall all of sudden. This is called stability in price and this is what we all want from bitcoin. We dont want bitcoin to rise upto 1000$ all of sudden and next days dropped to 200$. We want slow rise in price just like now.

Just keep your eyes pointed at what will happen directly after the block halving. I foresee some massive dumps which will cause the price to tank very hard.

If the price stays around the current level after the halving, there will be no big dump. If the price rieses too fast, there will big dump.

The price just rose to $740, that is another 8% of rise in the last 24 hours. Is there a bitcoin bubble forming?

Looks like there is a small bubble. But if the price does not rise further, and it consolidates here, there is no bubble.

The small bubble just burst. It could be good for the long term bitcoin price. It will be corrected for a few months.

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[BTCLovingDude]

As you can see now you see that Bitcoin is becoming more worth and that is because it started to rise slowly now and that is nice and you can even see now that the halving is coming also.
And many people waited already a long time until they can sell it with profit so maybe the time will be soon.

If the price rises slowly, say, 10% a month, the price will not drop too much as there is no big pump and dump.

Yes thats the great thing  for slow rising. The good effect for slow rising is that the price of bitcoins rises slowly and it will not fall all of sudden. This is called stability in price and this is what we all want from bitcoin. We dont want bitcoin to rise upto 1000$ all of sudden and next days dropped to 200$. We want slow rise in price just like now.

Just keep your eyes pointed at what will happen directly after the block halving. I foresee some massive dumps which will cause the price to tank very hard.

If the price stays around the current level after the halving, there will be no big dump. If the price rieses too fast, there will big dump.

The price just rose to $740, that is another 8% of rise in the last 24 hours. Is there a bitcoin bubble forming?

Looks like there is a small bubble. But if the price does not rise further, and it consolidates here, there is no bubble.

The small bubble just burst. It could be good for the long term bitcoin price. It will be corrected for a few months.

yeah but the fall down was not big at all.
it was just small correction when you see the bigger picture here.
$780 was such a big rise which happened all of a sudden and that is why it was also unstable and couldn't hold up.

[alyssa85]

yeah but the fall down was not big at all.
it was just small correction when you see the bigger picture here.
$780 was such a big rise which happened all of a sudden and that is why it was also unstable and couldn't hold up.

Yup. It went up too fast. It would be good to see it stabalise at the current price for a month or two before gently moving up again.

[asdalani]

yeah but the fall down was not big at all.
it was just small correction when you see the bigger picture here.
$780 was such a big rise which happened all of a sudden and that is why it was also unstable and couldn't hold up.

Yup. It went up too fast. It would be good to see it stabalise at the current price for a month or two before gently moving up again.

That is just my thought. I hope the price can rise slowly and steadily. We do not want big pump and dump.

[pitham1]

yeah but the fall down was not big at all.
it was just small correction when you see the bigger picture here.
$780 was such a big rise which happened all of a sudden and that is why it was also unstable and couldn't hold up.

Yup. It went up too fast. It would be good to see it stabalise at the current price for a month or two before gently moving up again.

That is just my thought. I hope the price can rise slowly and steadily. We do not want big pump and dump.

You can't have a slow and steady rise for ever.
At some point, momentum will build up and the price will shoot.
Boom and bust cycles are part of the life cycle of every asset.

[romero121]

yeah but the fall down was not big at all.
it was just small correction when you see the bigger picture here.
$780 was such a big rise which happened all of a sudden and that is why it was also unstable and couldn't hold up.

Yup. It went up too fast. It would be good to see it stabalise at the current price for a month or two before gently moving up again.

That is just my thought. I hope the price can rise slowly and steadily. We do not want big pump and dump.

You can't have a slow and steady rise for ever.
At some point, momentum will build up and the price will shoot.
Boom and bust cycles are part of the life cycle of every asset.

That's the realistic view about bitcoin as well every asset. Only with profit or only with winning none can make a life. It always crosses ups and downs then only that's a healthy circulation.

[Yatsan]

yeah but the fall down was not big at all.
it was just small correction when you see the bigger picture here.
$780 was such a big rise which happened all of a sudden and that is why it was also unstable and couldn't hold up.

Yup. It went up too fast. It would be good to see it stabalise at the current price for a month or two before gently moving up again.

That is just my thought. I hope the price can rise slowly and steadily. We do not want big pump and dump.

You can't have a slow and steady rise for ever.
At some point, momentum will build up and the price will shoot.
Boom and bust cycles are part of the life cycle of every asset.

The main reason for the volatility is that the bitcoin is controlled by very few people, they can make profit out of volatility.

[Jistlad]

yeah but the fall down was not big at all.
it was just small correction when you see the bigger picture here.
$780 was such a big rise which happened all of a sudden and that is why it was also unstable and couldn't hold up.

Yup. It went up too fast. It would be good to see it stabalise at the current price for a month or two before gently moving up again.

That is just my thought. I hope the price can rise slowly and steadily. We do not want big pump and dump.

You can't have a slow and steady rise for ever.
At some point, momentum will build up and the price will shoot.
Boom and bust cycles are part of the life cycle of every asset.

The main reason for the volatility is that the bitcoin is controlled by very few people, they can make profit out of volatility.

The big whales can dictate the bitcoin price. But as time goes on, more people are invovled, they cannot maniulate as easily.

[asdalani]

yeah but the fall down was not big at all.
it was just small correction when you see the bigger picture here.
$780 was such a big rise which happened all of a sudden and that is why it was also unstable and couldn't hold up.

Yup. It went up too fast. It would be good to see it stabalise at the current price for a month or two before gently moving up again.

That is just my thought. I hope the price can rise slowly and steadily. We do not want big pump and dump.

You can't have a slow and steady rise for ever.
At some point, momentum will build up and the price will shoot.
Boom and bust cycles are part of the life cycle of every asset.

The main reason for the volatility is that the bitcoin is controlled by very few people, they can make profit out of volatility.

The big whales can dictate the bitcoin price. But as time goes on, more people are invovled, they cannot maniulate as easily.

That is the reason I do not trade bitcoin any more. I tried to trade previously, but I have lost some money.

[Yatsan]

The bitcoin is not undervalued. It is the right price for the value. If there are more users, the price will rise.

[Jistlad]

The bitcoin is not undervalued. It is the right price for the value. If there are more users, the price will rise.

I think so. If the price is $800 now, then it could be overvalued by $100. But 100 to 200 dollar difference is normal.

[HarryKPeters]

The bitcoin is not undervalued. It is the right price for the value. If there are more users, the price will rise.

I think so. If the price is $800 now, then it could be overvalued by $100. But 100 to 200 dollar difference is normal.

At this moment i find 650 a very good price.
1 year ago the price was dwelming around 250 dollar. Now it is up by 400 dollars. In time it will grow more but we have to be patient.

[1Referee]

yeah but the fall down was not big at all.
it was just small correction when you see the bigger picture here.
$780 was such a big rise which happened all of a sudden and that is why it was also unstable and couldn't hold up.

Yup. It went up too fast. It would be good to see it stabalise at the current price for a month or two before gently moving up again.

That is just my thought. I hope the price can rise slowly and steadily. We do not want big pump and dump.

You can't have a slow and steady rise for ever.
At some point, momentum will build up and the price will shoot.
Boom and bust cycles are part of the life cycle of every asset.

The main reason for the volatility is that the bitcoin is controlled by very few people, they can make profit out of volatility.

The big whales can dictate the bitcoin price. But as time goes on, more people are invovled, they cannot maniulate as easily.

That is the reason I do not trade bitcoin any more. I tried to trade previously, but I have lost some money.

Whales control every market around the world. It's definitely not limited to Bitcoin only. I am trading since early 2013 and have so far managed to make a more than decent profit every year. You need to make sure you know what whales will do and what their potential plans are. It's not that difficult as in many cases their behaviour is repetitive over a long period of time. Use that in your advantage.

[Bitcotalk]

The bitcoin is not undervalued. It is the right price for the value. If there are more users, the price will rise.

I think so. If the price is $800 now, then it could be overvalued by $100. But 100 to 200 dollar difference is normal.

At this moment i find 650 a very good price.
1 year ago the price was dwelming around 250 dollar. Now it is up by 400 dollars. In time it will grow more but we have to be patient.

yeah, the price has increased much more and it is not decreased or overvalued, if we look at the price chart of last year, in the few last months we have sae doubling our money in bitcoin, and still these are said that the price in the coming weeks will increase more.

[ironm@n]

And now it seems overbought

[quake313]

And now it seems overbought

Overbought? What are you smoking man? What do you think the price should be $300? Those days are probably in the rear dude. We are in the consolidate and then inflate stage. Although, its Bitcoin, so who knows 

[pooya87]

The bitcoin is not undervalued. It is the right price for the value. If there are more users, the price will rise.

I think so. If the price is $800 now, then it could be overvalued by $100. But 100 to 200 dollar difference is normal.

At this moment i find 650 a very good price.
1 year ago the price was dwelming around 250 dollar. Now it is up by 400 dollars. In time it will grow more but we have to be patient.

yeah, the price has increased much more and it is not decreased or overvalued, if we look at the price chart of last year, in the few last months we have sae doubling our money in bitcoin, and still these are said that the price in the coming weeks will increase more.

it is not overvalued at all, if anything bitcoin is undervalued right now. but $650 ish is a good price for bitcoin at this point and i believe that looking at the bigger picture with the long term rise starting from last year this is where bitcoin should be right now.

[Yatsan]

it is not overvalued at all, if anything bitcoin is undervalued right now. but $650 ish is a good price for bitcoin at this point and i believe that looking at the bigger picture with the long term rise starting from last year this is where bitcoin should be right now.

The number of users, the daily transaction indicates the bitcoin is rightly values. If the transactions double, its value will also double.

[sishendaoye]

it is not overvalued at all, if anything bitcoin is undervalued right now. but $650 ish is a good price for bitcoin at this point and i believe that looking at the bigger picture with the long term rise starting from last year this is where bitcoin should be right now.

The number of users, the daily transaction indicates the bitcoin is rightly values. If the transactions double, its value will also double.

Where does that nonsense comes from? Transaction double, bitcoin value double?
If the amount of transactions double it means more people use bitcoin, with doesn't mean the price will go higher.

[trickshot22]

And now it seems overbought

i cannot say that it is overbought, the price still has a lot of potential to go up in my opinion and make us some good profit pretty soon