Bitcoin price overvalued? Price Today: $1,827

[BitHodler]

The real question will be asked if we near the $2000 wall $1827 is unlikely to be the peak in my opinion.
The question today is if it is overpriced for this date in time which I believe is possible, in the long run though maybe not mass adoption and growth will validate the price given longer periods of time but at this point in time perhaps it is.

Currently you can say that the price includes a fairly decent premium, but that obviously only matters in the short term. If you look at the complete picture, then even $2000 will be nothing more than peanuts.

If you're purely long term minded as I am, then just sit back and enjoy seeing your coins grow in value throughout the years. At this point there is literally nothing that can stop Bitcoin from growing further, don't forget that.

[digaran]

It all started with ETH pumping from $6.5 up to $50 2 months ago if you all remember? at first some of the Bitcoin's marketcap literally moved into ETH which was obvious and every one called it out, then it went back to Bitcoin and the pump of other coins such as DASH, Ripple and other centralized alts began.

Who could've thought doge hitting 100 satoshis, ridiculous right?

And as always while they will pump later comes the dump, I don't know when we learn?

Though if you put some missing parts of the puzzle together you'll see LTC is still undervalued but I don't recommend buying rather mining it is better and smarter move because the price will naturally increase after difficulty does.

What ever happens Bitcoin will have the required support from community, after all, community is what really matters.

[AjithBtc]

Price is moving in with good phase. This is sure due to the fluctuations and the value recovery even after minor price drops. Previously it went as down as $1650, and now it has once again crossed $1800. If the price is overvalued or faked the drop could have continued without developing resistance.

[btcney]

I couldn't imagine the price will touch at $1,800 plus I was wrong with my speculation past few days .. that the price can be stay at $1,700.
Do you think guys the price of bitcoin today is overvalued?
Or this is just because the price was rise because of the good news about legalized bitcoin in japan country?

i think that a lot of factors came into play for bitcoins value going over $1800.00, Japan Government starting to accept bitcoin, the influence that japans example is setting for many other countries, the fact that it is becoming harder to be skeptical of bitcoin around the world to commoners so to speak. as the information about bitcoin circulates more and more those who want to say bitcoin is nothing but a scam are running out of reasons not to be called out for spreading false info, not taking the time to learn even the base knowledge of bitcoin such as what is bitcoin and what are its most commonly known benefits and its endgame goal? the more people realize just how legitimate bitcoin is they will start to come into the bitcoin market. when i first heard about bitcoin it was already 2012 - 2013 at the time and all the news channels were saying was that you should beware of bitcoin because it was used in a scam on craigslist trying to steal money from people by telling them one of the relatives were in danger or that they owed funds to the state and that they had to pay in btc. to this day i dont actually know any other bitcoiners irl and only hear positive things about bitcoin from doing my own research and looking into it and then what i come across on this forum. im still waiting hopefully for the " just do what the media says" people around me will soon start to realize i was right about bitcoin not being a scam all along. Anyways back to the topic of the thread. Bitcoin is still gaining momentum in the world view. eventually even the most hardened of the willfully ignorant will realize that bitcoin is a much more legit currency then whatever there traditional fiat currency will ever be. when that happens bitcoin value will be far more then what is seen today. So yes You are correct that the japanese legalization of bitcoin is responsible for $1800.00 being crossed, but no your also incorrect in thinking that is the only reason.