Have we underestimated Bitcoin?

[tleilaxu_eyes]

Some of the most common critiques of Bitcoin are: "it's too slow" or "the blockchain is getting too big". Sure newer coins offer faster tech, more sophisticated algorithms that are ASIC resistant, and so on. Let me ask you this - do you ever ride the old train in your city? Do you sit on the train and wonder why they don't put in a new superconducting train instead? We use the old train and it's no wonder because it works. Don't fix something that isn't broken, haven't we all learned that the hard way? And if it breaks down, surely it will be cheap to repair. Besides, what do you think cost more to complete, the train itself or clearing the path and laying the tracks? Bitcoin has value because it is a store of currency that will appreciate AND because it's just there. How can you buy the hottest new altcoin? Directly with fiat? You must but BTC from a Bitcoin exchange, then trade it on an altcoin exchange.

So often I see people saying "we are in a bubble" and "when the bubble bursts..." - but weren't these people saying the same thing when BTC made a huge push up to 2,700? Maybe we simply underestimated Bitcoin. Remember, Bitcoin is the first of its kind. We can't really look to history to predict how it will be valued like we can with other things.

So before you sell your coins, ask yourself this: how long has the old train been running in your city?

[Razick]

Bitcoin has been underestimated ever since it was created! Many people sold all the way up its growth thus far, and continue to do so despite knowing the history now. Many people also do not believe in Bitcoin in general... they think it isn't real or is some kind of fake fad that is going to go away. Let me tell you this is not the case. The internet is a technology revolution that is here to stay and Bitcoin or the Blockchain I should say is as well (Bitcoin is based on the underlying blockchain technology).

[prometheum]

I agree, there is so much potential in terms of its perceived value as well as the blockchain itself. Various ICO's are using the blockchain to solve very unique issues but we have barely touched the surface in terms of potential.

[DoublerHunter]

We underestimated bitcoin and we just think that bitcoin will not go anywhere because of being unstable on its price and that makes us scared for holding it in a long rub but if we are going to think very well and always hesitate before selling then we can easily understand that bitcoin is a great currency and we should not waste any amount of it even its decimal amount.

[pooya87]

most people who are usually silent already know the potential of bitcoin and they are mining their own business while accumulating it without anyone noticing. in a couple of years we will see them as multi millionaires and will see topics saying "i wish i did the same too".

the limited supply with all this growing demand, specially these days that bitcoin is all over the media is not a small thing. if we never had all the drama with exchange hacks, FUD, split, fork, ... the price would have been 10K at least by now.

[HasHe]

       We could divide people in to two sects regarding this.First set of people who were in bitcoin market from the beginning know very well the potential of bitcoin and they are well aware of bitcoin's price movement.They just keep silent during huge price dips and just continue to buy bitcoins at lower price.By this way,they have accumulated lots of bitcoins.They believe that bitcoin deserves more higher prices than its price today.
         We have another set of people mostly filled with newbies and some altcoin promoters and also some big whales.Newbies always have a tendency to get panic on seeing even a small price dip in bitcoin and they strt selling their bitcoins at cheaper price.Altcoin developers and supporters are always interested in spreading FUD to make bitcoin price fall.Even big whales also spread FUD to create panic among newbies so that they could buy bitcoins at cheap price.
          But the people who believe in bitcoins would get the lion's share.

[Yaramrd]

In my opinion Bitcoin is the first of it's kind and there is no match to Bitcoin. There are issues like slow process but it may be resolved soon in future. Other thing is the fluctuation in the price which some people criticize is the beauty and edge of Bitcoin on others.

[iram1011]

Many of us didn't underestimate bitcoin but were unaware of its existence initially and today also 99% of world's population either don't have any idea about Bitcoin or are skeptical about it because of incomplete knowledge. Bitcoin is something that has the potential to make someone millionaire in the matter of some years if invested today. There is an increased investor's participation in cryptocurrencies which will continue to rise in future. All this price increase is not a bubble but an actual rise.

Bitcoin is truly a future!

[Inkdatar]

In my opinion Bitcoin is the first of it's kind and there is no match to Bitcoin. There are issues like slow process but it may be resolved soon in future. Other thing is the fluctuation in the price which some people criticize is the beauty and edge of Bitcoin on others.

When the bitcoin was become well known it become underestimated. Some said it will not lasts longer or it will become dead. Yes bitcoin is the first cryptocurrency and transactions become slow because the more users the higher the demand. Bitcoin designed as being the volatile price because price may decrease and increase and more users in bitcoin.

[cjmoles]

Some of the most common critiques of Bitcoin are: "it's too slow" or "the blockchain is getting too big". Sure newer coins offer faster tech, more sophisticated algorithms that are ASIC resistant, and so on. Let me ask you this - do you ever ride the old train in your city? Do you sit on the train and wonder why they don't put in a new superconducting train instead? We use the old train and it's no wonder because it works. Don't fix something that isn't broken, haven't we all learned that the hard way? And if it breaks down, surely it will be cheap to repair. Besides, what do you think cost more to complete, the train itself or clearing the path and laying the tracks? Bitcoin has value because it is a store of currency that will appreciate AND because it's just there. How can you buy the hottest new altcoin? Directly with fiat? You must but BTC from a Bitcoin exchange, then trade it on an altcoin exchange.

So often I see people saying "we are in a bubble" and "when the bubble bursts..." - but weren't these people saying the same thing when BTC made a huge push up to 2,700? Maybe we simply underestimated Bitcoin. Remember, Bitcoin is the first of its kind. We can't really look to history to predict how it will be valued like we can with other things.

So before you sell your coins, ask yourself this: how long has the old train been running in your city?

Actually, bitcoin is too slow, the ledger is bloated, miners do have too much control ---->  Don't be fooled; there may be a day when bitcoin is replaced by a younger a sleeker model.  Think of bitcoin as person, instead of a train ----> what old man doesn't dream of trading in his old tired cranky wife for newer sweeter girlfriend?  So, it is with bitcoin ---> it's old, tired, and soon to be replaced by something that can keep up with the exponentially faster pace of technology.

[hatshepsut93]

Some of the most common critiques of Bitcoin are: "it's too slow" or "the blockchain is getting too big". Sure newer coins offer faster tech, more sophisticated algorithms that are ASIC resistant, and so on. Let me ask you this - do you ever ride the old train in your city? Do you sit on the train and wonder why they don't put in a new superconducting train instead? We use the old train and it's no wonder because it works. Don't fix something that isn't broken, haven't we all learned that the hard way? And if it breaks down, surely it will be cheap to repair. Besides, what do you think cost more to complete, the train itself or clearing the path and laying the tracks? Bitcoin has value because it is a store of currency that will appreciate AND because it's just there. How can you buy the hottest new altcoin? Directly with fiat? You must but BTC from a Bitcoin exchange, then trade it on an altcoin exchange.

So often I see people saying "we are in a bubble" and "when the bubble bursts..." - but weren't these people saying the same thing when BTC made a huge push up to 2,700? Maybe we simply underestimated Bitcoin. Remember, Bitcoin is the first of its kind. We can't really look to history to predict how it will be valued like we can with other things.

So before you sell your coins, ask yourself this: how long has the old train been running in your city?

Bitcoin has the highest price because it's actually well-designed, secure, and you can entrust billions worth of daily transactions to it. Most altcoins don't have any real innovation - stuff like faster blocks, ASIC resistance, big blocks were considered by Bitcoin developers and deemed as more harmful than good. They all negatively affect security and decentralization. Smart contracts are still under development in Ethereum and almost no one uses them, so Bitcoin has plenty of time to implement them too.

[Gotottack]

Some of the most common critiques of Bitcoin are: "it's too slow" or "the blockchain is getting too big". Sure newer coins offer faster tech, more sophisticated algorithms that are ASIC resistant, and so on. Let me ask you this - do you ever ride the old train in your city? Do you sit on the train and wonder why they don't put in a new superconducting train instead? We use the old train and it's no wonder because it works. Don't fix something that isn't broken, haven't we all learned that the hard way? And if it breaks down, surely it will be cheap to repair. Besides, what do you think cost more to complete, the train itself or clearing the path and laying the tracks? Bitcoin has value because it is a store of currency that will appreciate AND because it's just there. How can you buy the hottest new altcoin? Directly with fiat? You must but BTC from a Bitcoin exchange, then trade it on an altcoin exchange.

So often I see people saying "we are in a bubble" and "when the bubble bursts..." - but weren't these people saying the same thing when BTC made a huge push up to 2,700? Maybe we simply underestimated Bitcoin. Remember, Bitcoin is the first of its kind. We can't really look to history to predict how it will be valued like we can with other things.

So before you sell your coins, ask yourself this: how long has the old train been running in your city?

But if you had the choice of using the latest and most advanced train that would bring you to where you want to go in 1 minute compared to the old train which took you 30 minutes to get to your destination which one would you choose? I don't think the train analogy works here, since the alternative cryptocurrencies are similar to that advanced train, however these alts do not have trust from the community or there are issues that are beyond just choosing which is more advantageous to use.

[Beerwizzard]

Bitcoin is estimated by market. Not only you, me or someone else from this forum. But bitcoin still have a lot of uncovered space so in some  years it will be highrt than it is now. It doesen't mean that not it is underestimated, it just have a lot of uncovered oportunities.

[Bittoshi]

As long as the press reports almost only about Bitcoin and not the Altcoins, the majority of people will only know about Bitcoin as digital currency and buy it. Bitcoin has not the best technology but it's known by the most John Doe's out there. That's why it is successful.

[Francis Freeman]

Some of the most common critiques of Bitcoin are: "it's too slow" or "the blockchain is getting too big". Sure newer coins offer faster tech, more sophisticated algorithms that are ASIC resistant, and so on. Let me ask you this - do you ever ride the old train in your city? Do you sit on the train and wonder why they don't put in a new superconducting train instead? We use the old train and it's no wonder because it works. Don't fix something that isn't broken, haven't we all learned that the hard way? And if it breaks down, surely it will be cheap to repair. Besides, what do you think cost more to complete, the train itself or clearing the path and laying the tracks? Bitcoin has value because it is a store of currency that will appreciate AND because it's just there. How can you buy the hottest new altcoin? Directly with fiat? You must but BTC from a Bitcoin exchange, then trade it on an altcoin exchange.

So often I see people saying "we are in a bubble" and "when the bubble bursts..." - but weren't these people saying the same thing when BTC made a huge push up to 2,700? Maybe we simply underestimated Bitcoin. Remember, Bitcoin is the first of its kind. We can't really look to history to predict how it will be valued like we can with other things.

So before you sell your coins, ask yourself this: how long has the old train been running in your city?

Your train analogy is completely inapposite. There are old trains which still live today, but only for tourism purpose. If you need to use a train to go somewhere, like your office or your school, surely you don't want to waste time on an old train, but you'll catch the fastest modern one.
Also, some exchanges allow to buy altcoins directly using USD or EUR, so you don't need to use Bitcoin.

[nexus99]

Yes, bitcoin has been greatly underestimated in the past and many people still do not believe in it. I don't really get your analogy about the old train. Btc is not an old train, it is growing, developing and facing innovation. It is not stuck in the past.

[maokoto]

I do not think it is underestimated that much. It is all kind of a "make believe". People invent new coins, forks and all, knowing deep inside they cannot beat Bitcoin, but they try to make others believe they can in order to get some Bitcoin themselves.

And many fall for it.

[Kidmat]

Yes, bitcoin has been greatly underestimated in the past and many people still do not believe in it. I don't really get your analogy about the old train. Btc is not an old train, it is growing, developing and facing innovation. It is not stuck in the past.

I agree it is not an old train because bitcoin value is volatile. There is massive adoption that price keep increasing and I believe it has a bright future. It usually understimated in the sense others dont believe in bitcoin and not interested to adopt its development.

[Ewox]

Yes I agree with most commentors here, bitcoin had been underestimated and is still underestimated by some because it is slow but a lot also believe in bitcoin and its development which is progressing year by year.

[cotton ball]

Yes, bitcoin has been greatly underestimated in the past and many people still do not believe in it. I don't really get your analogy about the old train. Btc is not an old train, it is growing, developing and facing innovation. It is not stuck in the past.

I agree it is not an old train because bitcoin value is volatile. There is massive adoption that price keep increasing and I believe it has a bright future. It usually understimated in the sense others dont believe in bitcoin and not interested to adopt its development.

This is s not wrong because we are accustomed to living with risks and burdens that we do not bear alone, in the sense that the government facilitates the currency perfectly, many people can not open their eyes with bitcoin because of all the risks and responsibilities held by themselves. Only those who dare take risks and aware of investments that are able to adapt quickly, at first I was also dismissive but did not take long.

[Coffee135]

Why do you think that bitcoin is undervalued. Nobody knows its real price. Now the price dictated by speculative demand. If speculators leave the market price of bitcoin can be significantly reduced. I think that until that happens we need to develop trade in goods with bitcoins, but it does nothing.

[leonair]

Many people still underestimate the potential of Bitcoin until now even though its price is growing, and we can't do anything about that, let them hate until they want because that's the only thing that they can do best. Bitcoin will go wherever it wants to go and for me the price of it will upward trend more in the future.

[Adbitco]

Those who underestimate bitcoin are not the true believers of bitcoin, I think they do so in an attempt to discourage people from using bitcoin only so that they can accumulate as much of it as they can. They keep criticizing bitcoin whenever they get a chance but at the same time they don't miss even a single opportunity to grab bitcoins whenever or every time any such opportunity comes their way so in fact they are just hypocrites. But I am sure the number of such people is very less compared to the people who truly believe in bitcoin and no matter what they always stand by it.

[sumangs]

I underestimated bitcoin when its value is $400 and I think it would not get higher anymore it was 2015 then. After I get interested in bitcoin again in 2017 it was $1000 and I realize again it was its peak since it was already high than other currencies so I left again and utilize the 0.03 I won at gambling. After few months I can't believe it becomes $2700 and I am starting to get serious since I have learn my lesson in the past years.

[pearlmen]

Even till today, bitcoin is still very much underestimated and that is why there are several forks going round trying to assist the real bitcoin itself. Also, several people have come out to say, its a bubble, it will burst, others have said its a Ponzi scheme while some others have are saying its illegal. Above all it boils down to individual perception of bitcoin and understanding the various project that have come out from the technology behind bitcoin.

[ricardobs]

      We could divide people in to two sects regarding this.First set of people who were in bitcoin market from the beginning know very well the potential of bitcoin and they are well aware of bitcoin's price movement.They just keep silent during huge price dips and just continue to buy bitcoins at lower price.By this way,they have accumulated lots of bitcoins.They believe that bitcoin deserves more higher prices than its price today.
         We have another set of people mostly filled with newbies and some altcoin promoters and also some big whales.Newbies always have a tendency to get panic on seeing even a small price dip in bitcoin and they strt selling their bitcoins at cheaper price.Altcoin developers and supporters are always interested in spreading FUD to make bitcoin price fall.Even big whales also spread FUD to create panic among newbies so that they could buy bitcoins at cheap price.
          But the people who believe in bitcoins would get the lion's share.

Let me introduce you to the third one who is still ignorant of bitcoins. May be, people like me have underestimated its power in the past but I feel sorry for those who are still making the same mistake. There is no doubt, only those people who have trusted in bitcoins and supported it in every situation were able to change their lifestyle at 180 degrees through bitcoins.

[onyok]

Yes, bitcoin has been greatly underestimated in the past and many people still do not believe in it. I don't really get your analogy about the old train. Btc is not an old train, it is growing, developing and facing innovation. It is not stuck in the past.

I agree it is not an old train because bitcoin value is volatile. There is massive adoption that price keep increasing and I believe it has a bright future. It usually understimated in the sense others dont believe in bitcoin and not interested to adopt its development.

Yeah i agree with you.. those who understimated bitcoin is the people who dont believe on it and thae people who dont know about bitcoin. They did not know that although it is slow but due to the popularity slow will process and developed, also in bitcoin there is a bright future. And because its value was volatile no one can say that bitcoin is an old one.

[xuan87]

I agree that it has been underestimate, from the start peoples already sceptical about Bitcoin, most of them not believe that Bitcoin can survive and Bitcoin also always being associated with criminal which made the reputation worse, but the real usage of Bitcoin is very huge, there are so many good things that we can get from Bitcoin, if people looks more carefully they will realize that Bitcoin is a great thing

[DoublerHunter]

I agree that it has been underestimate, from the start peoples already sceptical about Bitcoin, most of them not believe that Bitcoin can survive and Bitcoin also always being associated with criminal which made the reputation worse, but the real usage of Bitcoin is very huge, there are so many good things that we can get from Bitcoin, if people looks more carefully they will realize that Bitcoin is a great thing

Even though they underestimated bitcoin their mind will changed if they will know what is bitcoin and what are the importance of having it. Bitcoin is the future of our current money and it will help us to do remittances faster than the traditional and that is when they are not going underestimated bitcoin anymore.

[ankylotic]

Many people still underestimate the potential of Bitcoin until now even though its price is growing, and we can't do anything about that, let them hate until they want because that's the only thing that they can do best. Bitcoin will go wherever it wants to go and for me the price of it will upward trend more in the future.

i think if we talk about 2 to 3 year before than yeah most of the people underestimate its potential and it we talk about the day it launched "2009" to onward then yeah everyone underestimate its potential but i think now i think there are many altcoin which have more potential than it and they will go to moon in the future.
so, its better to invest in altcoin rather than bitcoin now. they will do same like bitcoin in future

[Yarsk]

I don't know why some people view bitcoin as a pozi scheme, there is a far different between bitcoin and ponzi.
Bitcoin is a digital currency while ponzi is just a program that runs it activities with money. And until we understand this fact people will keep on selling there bitcoin as soon as they get it cause of the fair of losing they investment.
The best way is to study and understand it and keep drinking the old wine cause it tast the best.

[Kakmakr]

Some of the most common critiques of Bitcoin are: "it's too slow" or "the blockchain is getting too big". Sure newer coins offer faster tech, more sophisticated algorithms that are ASIC resistant, and so on. Let me ask you this - do you ever ride the old train in your city? Do you sit on the train and wonder why they don't put in a new superconducting train instead? We use the old train and it's no wonder because it works. Don't fix something that isn't broken, haven't we all learned that the hard way? And if it breaks down, surely it will be cheap to repair. Besides, what do you think cost more to complete, the train itself or clearing the path and laying the tracks? Bitcoin has value because it is a store of currency that will appreciate AND because it's just there. How can you buy the hottest new altcoin? Directly with fiat? You must but BTC from a Bitcoin exchange, then trade it on an altcoin exchange.

So often I see people saying "we are in a bubble" and "when the bubble bursts..." - but weren't these people saying the same thing when BTC made a huge push up to 2,700? Maybe we simply underestimated Bitcoin. Remember, Bitcoin is the first of its kind. We can't really look to history to predict how it will be valued like we can with other things.

So before you sell your coins, ask yourself this: how long has the old train been running in your city?

That is the problem , Old Bitcoin Does not Work.

If everytime you went to ride the Train, you had to wait for hours because all of the train was full and other people paid more than you so they kept jumping in front of you in line,
I do believe you would be thrilled if the new train with the ability to carry more passengers, so rich people would not keep bumping you from your train ride.
And your Fares would not keep increasing.

Bitcoin Cash is the New Train that can meet the schedule and carry all of the passengers.
https://www.youtube.com/watch?v=bACKLW19XdE

Segwitcoin will be decommissioned.


╥Aztel

You are not seeing the bigger picture. Bitcoin Crap is fast at the moment, because a bunch of greedy miners shifted their hashing power to it, because it is currently more profitable to mine. <low difficulty> If it stay this way, the BTC difficulty will drop and BTC will be more profitable to mine. ^smile^

Also, BTC activated SegWit and most tx's are still being done on legacy wallets. Once more wallet providers start to enable SegWit compatible wallets, you will see a significant improvement in BTC confirmation times.

The final nail in Bitcoin Crap will be the activation of the Lightning Network. No other train will keep up with the Bullet train.

[subSTRATA]

Many people still underestimate the potential of Bitcoin until now even though its price is growing, and we can't do anything about that, let them hate until they want because that's the only thing that they can do best. Bitcoin will go wherever it wants to go and for me the price of it will upward trend more in the future.

I don't think it's really 'hating' on bitcoin; I think it's just hard for people to place their faith in a monetary system that they do not fully understand. it also doesn't help that for those who do understand bitcoin, they understand that the path is paved by major miners that could potentially cause hard forks and attack the network if they chose to. I was sort of the same; I couldn't really place faith in 'magic internet money' when I first heard of it.

[xirby]

In a way I agree, but I still don't feel it's fair to say that bitcoin is "old" or "underdeveloped" at all, Even though there are currencies with other technologies but the most significant point is whether these technologies are better than bitcoin, and I don't think so. Bitcoin has went through years without being abused in a devastating way to the currency, while flaws and hacks are appearing in it's biggest competitors using different algorithms. I see it using an already bullet-proof technology better than adopting a newer but more vulnerable technology.

[dimastegar]

I literally underestimated Bitcoin. Because the price was still too small. But over time the price of Bitcoin goes up and I regret never underestimating it.

[Lieldoryn]

I hope that those who influence the fate of bitcoin know what they are doing. Now we see many problems with bitcoin. Endless forks and the constant increase of prices for the transaction may alienate potential users and lead to collapse.

[erickkyut]

At first, I really had doubts about Bitcoin and underestimated it. I thought that it was some kind of ponzi scheme and it will soon be gone but I was wrong and Bitcoin proved to me that it is a god investment and it is worth my time and efforts. I'm now more focus on it and hoping to get rich because of Bitcoin.

[aoluain]

I think the time of underestimating Bitcoin is coming to an end.
and this is certainly the case with Blockchain technology in general.

More and more people are hearing about Bitcoin and Blockchain
more and more people are getting involved with Bitcoin and Blockchain
more and more countries are recognising Bitcoin and Blockchain to some degree
more and more companies are accepting bitcoin as a payment method
more and more banks [mostly in asia] are recognising blockchain technology.
and its more and more being reported in mainstream media

[Quidat]

At first, I really had doubts about Bitcoin and underestimated it. I thought that it was some kind of ponzi scheme and it will soon be gone but I was wrong and Bitcoin proved to me that it is a god investment and it is worth my time and efforts. I'm now more focus on it and hoping to get rich because of Bitcoin.

Same here, I do have the doubts when I first hear out about bitcoin and as being said I thought it was just an another Ponzi scheme that exist on online world. Underestimating it cant really be avoided specially when you hear a new thing in your ears and don't have much knowledge on it if you didn't try to engage with it but I did make the right decision since it change my life as of now.

[criz2fer]

From the previous year, I have ignored bitcoin due to the knowledge the I have. Most of us here that where starting now really underestimated bitcoin that's why we are chasing more knowledge in the cryptocurrency world. Looking and learning here give me more opportunity for investment. Hope all of us will succeed. Cheers!!

[virtualkeybuyer]

I agree that it has been underestimate, from the start peoples already sceptical about Bitcoin, most of them not believe that Bitcoin can survive and Bitcoin also always being associated with criminal which made the reputation worse, but the real usage of Bitcoin is very huge, there are so many good things that we can get from Bitcoin, if people looks more carefully they will realize that Bitcoin is a great thing

Even though they underestimated bitcoin their mind will changed if they will know what is bitcoin and what are the importance of having it. Bitcoin is the future of our current money and it will help us to do remittances faster than the traditional and that is when they are not going underestimated bitcoin anymore.

People do underestimate bitcoin. But when they get to know what kind of beast is this bitcoin thing they change their minds. Bitcoin is not only life changer it is also the mind changer of any person. I also underestimated it and didn’t give any importance to bitcoin but when it started changing my life I started getting interest in bitcoin. And many people also regret why they underestimated bitcoin.

[winterland]

Some of the most common critiques of Bitcoin are: "it's too slow" or "the blockchain is getting too big". Sure newer coins offer faster tech, more sophisticated algorithms that are ASIC resistant, and so on. Let me ask you this - do you ever ride the old train in your city? Do you sit on the train and wonder why they don't put in a new superconducting train instead? We use the old train and it's no wonder because it works. Don't fix something that isn't broken, haven't we all learned that the hard way? And if it breaks down, surely it will be cheap to repair. Besides, what do you think cost more to complete, the train itself or clearing the path and laying the tracks? Bitcoin has value because it is a store of currency that will appreciate AND because it's just there. How can you buy the hottest new altcoin? Directly with fiat? You must but BTC from a Bitcoin exchange, then trade it on an altcoin exchange.

So often I see people saying "we are in a bubble" and "when the bubble bursts..." - but weren't these people saying the same thing when BTC made a huge push up to 2,700? Maybe we simply underestimated Bitcoin. Remember, Bitcoin is the first of its kind. We can't really look to history to predict how it will be valued like we can with other things.

So before you sell your coins, ask yourself this: how long has the old train been running in your city?

This is correct the issue is that people see bitcoin the same way the see their computers, they think bitcoin can be replaced every year and that is not the way things work, bitcoin is going to be the number one crypto for at least a century.

[angaper]

Of course it has been underestimated too much, and that is why there is still so much reticence to its massive adoption. In addition to the reasons already outlined, other of the most commonly used against bitcoin is its alleged volatility, but it is clear that in the medium term this volatility has always been in favor of bitcoin, because although it may eventually face downward corrections of more than 10% in a day, the price always tends to return to the rise in a short time.

But time always puts things in their place and that is why those who have underestimated the bitcoin will be forced to board the train too late, when the visionaries are already comfortably seated and enjoying the trip.

[Absentis]

From the previous year, I have ignored bitcoin due to the knowledge the I have. Most of us here that where starting now really underestimated bitcoin that's why we are chasing more knowledge in the cryptocurrency world. Looking and learning here give me more opportunity for investment. Hope all of us will succeed. Cheers!!

One reasons that might hinders trust and appreciation of bitcoin from most recent years and months until present days is, the volatile bitcoin price so far. Many people doubted the capability of this currency and I think of todays time btc will amazingly touched the heart of everybody and made them feel more interesting of it's current expensive price, that's why investors were growing every now and then; so as the price also be rising.

[DoublerHunter]

From the previous year, I have ignored bitcoin due to the knowledge the I have. Most of us here that where starting now really underestimated bitcoin that's why we are chasing more knowledge in the cryptocurrency world. Looking and learning here give me more opportunity for investment. Hope all of us will succeed. Cheers!!

One reasons that might hinders trust and appreciation of bitcoin from most recent years and months until present days is, the volatile bitcoin price so far. Many people doubted the capability of this currency and I think of todays time btc will amazingly touched the heart of everybody and made them feel more interesting of it's current expensive price, that's why investors were growing every now and then; so as the price also be rising.

Good point. I agree with you that the volatility is one of the main reason why people are doubting bitcoin because for the majority of the investors, they see a very high risk in bitcoin market since the market is acting abnormally and that is not the common behavior of an investment because we are used to the movement of stocks where they are almost for long term but the price proves that bitcoin is still a good investment and like you said that is why the investors are growing.

[evilgreed]

From the previous year, I have ignored bitcoin due to the knowledge the I have. Most of us here that where starting now really underestimated bitcoin that's why we are chasing more knowledge in the cryptocurrency world. Looking and learning here give me more opportunity for investment. Hope all of us will succeed. Cheers!!

One reasons that might hinders trust and appreciation of bitcoin from most recent years and months until present days is, the volatile bitcoin price so far. Many people doubted the capability of this currency and I think of todays time btc will amazingly touched the heart of everybody and made them feel more interesting of it's current expensive price, that's why investors were growing every now and then; so as the price also be rising.

Good point. I agree with you that the volatility is one of the main reason why people are doubting bitcoin because for the majority of the investors, they see a very high risk in bitcoin market since the market is acting abnormally and that is not the common behavior of an investment because we are used to the movement of stocks where they are almost for long term but the price proves that bitcoin is still a good investment and like you said that is why the investors are growing.

                            As I can remember around year 2012 when i first heard about bitcoin, but like the other do, I keep on ignoring it because I don't have any concern and initially think that its just another scheme like what i commonly heard from the social medias and news. But as time passes by it took my interest and eventually it ended up that I became interested and got into this forum, but i regret because its too late and now I am coping up to learn more.

[CryptoBry]

Bitcoin has been underestimated for a long time all because cryptocurrency is still relatively new compared to other currencies and assets like gold for that matter. We should expect that if there would be new it would really be scrutinized and get criticized...this is just part of the vetting process and if one can pass that stage then you can be sure that growth would really follow. This can be the story of Bitcoin. But we need to upgrade Bitcoin if it wants to serve a bigger number of people. It could not just sit down while there are more and more people who want to also join the bandwagon. That is why we have that SegWit last August 1 and another thing happening in November.

[narutos]

Bitcoin withstands many competitions in the past, plus, most countries n financial
services acknowledged n accept Bitcoin as legit payment, how would Bitcoin cash compete against these???
Its only has value when people
belive n put value in bitcoin cash?

[revswim93]

I think bitcoin is being underestimated to this day. It's already changed the world but not as much as its going to. In the future everything will be priced in Bitcoin, when babies are born before their first words they will need to learn how to generate and hold their own private keys. Instead of running on gas cars will run on bitcoin and if the blockchain splits you will get into a car accident but its okay because you will have two copies of the same car.

[fasdorcas]

I don't know why some people view bitcoin as a pozi scheme, there is a far different between bitcoin and ponzi.
Bitcoin is a digital currency while ponzi is just a program that runs it activities with money. And until we understand this fact people will keep on selling there bitcoin as soon as they get it cause of the fair of losing they investment.
The best way is to study and understand it and keep drinking the old wine cause it tast the best.

If there exist such kind who thinks of Bitcoins as some ponzi scheme, they are the illiterate ones than. I would recommend them to Google their questions and clear their doubts before opening their mouths. If someone does not care about his loss then I would let him taste it.

[winterland]

I agree that it has been underestimate, from the start peoples already sceptical about Bitcoin, most of them not believe that Bitcoin can survive and Bitcoin also always being associated with criminal which made the reputation worse, but the real usage of Bitcoin is very huge, there are so many good things that we can get from Bitcoin, if people looks more carefully they will realize that Bitcoin is a great thing

Even though they underestimated bitcoin their mind will changed if they will know what is bitcoin and what are the importance of having it. Bitcoin is the future of our current money and it will help us to do remittances faster than the traditional and that is when they are not going underestimated bitcoin anymore.

People do underestimate bitcoin. But when they get to know what kind of beast is this bitcoin thing they change their minds. Bitcoin is not only life changer it is also the mind changer of any person. I also underestimated it and didn’t give any importance to bitcoin but when it started changing my life I started getting interest in bitcoin. And many people also regret why they underestimated bitcoin.

This is correct, bitcoin have been underestimating bitcoin from the beginning of its life and I think there are many people that regret to have done so since they could have become millionaires if they invested in bitcoin back in the day.

[Spinbackup]

OP has made a great statement. Don't fix something that isn't broken. There are sure to come changes to Bitcoin in the future, but the wheel will still be the same.

[chickenado]

OP has made a great statement. Don't fix something that isn't broken. There are sure to come changes to Bitcoin in the future, but the wheel will still be the same.

For me, I don't underestimate bitcoin because from start of using it, I became satisfied and alive because I can now help my parents in my own little ways. It may be not full but because I can trade bitcoin it makes it more profitable so I have no worries on that. On the other hand, it takes some risk because of many speculations that surround so as of this time we take consider of the time that we have to spend on so that you won't regret at the end. Underestimating a new thing like bitcoin is just throwing away a new blessing.

[corroze]

With today's high bitcoin values of course no one underestimates bitcoin,
almost everyone has great hopes for the bitcoin progress that will continue to grow because of course this will bring goodness to the lives of all parties involved in bitcoin.

[narutos]

With today's high bitcoin values of course no one underestimates bitcoin,
almost everyone has great hopes for the bitcoin progress that will continue to grow because of course this will bring goodness to the lives of all parties involved in bitcoin.

Many people now store bitcoin as value, some even consider its more valuable than gold due to its limited supply.

[Rinaze]

I feel that only people who are still not yet in crypto would underestimate (or in stronger word, ignorant) BTC in general. I can't imagine anybody who trades crypto to "underestimate" BTC, yes I refer to even the investors who are firm believers of BCH in the official announcement thread

[valentin68]

Bitcoin is here to stay. It will grow and grow and grow, no one knows until when. Some say that it will grow until 10000, other say that it will grow until 50000, other say that it will grow until 100000. Bitcoin is the new toy of everyone and makes everyone that has it, happy. It is 6 years old, and because of this it took the entire world by surprise. A surprise very big that made people to ask, where is its value going to increase.

[narutos]

Bitcoin is here to stay. It will grow and grow and grow, no one knows until when. Some say that it will grow until 10000, other say that it will grow until 50000, other say that it will grow until 100000. Bitcoin is the new toy of everyone and makes everyone that has it, happy. It is 6 years old, and because of this it took the entire world by surprise. A surprise very big that made people to ask, where is its value going to increase.

the sky is the limit? But value is assign by people, market, buy n trader.

[jostorres]

Some of the most common critiques of Bitcoin are: "it's too slow" or "the blockchain is getting too big". Sure newer coins offer faster tech, more sophisticated algorithms that are ASIC resistant, and so on. Let me ask you this - do you ever ride the old train in your city? Do you sit on the train and wonder why they don't put in a new superconducting train instead? We use the old train and it's no wonder because it works. Don't fix something that isn't broken, haven't we all learned that the hard way? And if it breaks down, surely it will be cheap to repair. Besides, what do you think cost more to complete, the train itself or clearing the path and laying the tracks? Bitcoin has value because it is a store of currency that will appreciate AND because it's just there. How can you buy the hottest new altcoin? Directly with fiat? You must but BTC from a Bitcoin exchange, then trade it on an altcoin exchange.

So often I see people saying "we are in a bubble" and "when the bubble bursts..." - but weren't these people saying the same thing when BTC made a huge push up to 2,700? Maybe we simply underestimated Bitcoin. Remember, Bitcoin is the first of its kind. We can't really look to history to predict how it will be valued like we can with other things.

So before you sell your coins, ask yourself this: how long has the old train been running in your city?

Bitcoin has not and will never be underestimated because the price would sky rocket, all you should keep it mind is that the bitcoin is a currency that could lose half of its value overnight and can also gain almost double of its value back in a day

[orions.belt19]

I get the analogy you're getting at but to be honest: yes, when I sit on the old train of our city I've been thinking about why our government won't buy a new superconducting train instead. The old train works but it brings more discomfort than convenience to the public. The repairs made were of little help and I think that getting a new train is the only solution.

Anyway, I get were you're getting at despite having different thoughts about the analogy you've made. I have the same sentiments for those who make discouraging remarks and theorizing that Bitcoin is a bubble. A lot of people don't believe in it and have their doubts, but I don't regret the investments I've made on it. I guess some people just can't help but cling to security and assurance.

[nrvasquez]

I used to underestimate bitcoin because of an event. but I now know why bitcoin is the best. and I will never experience the same mistake.

[Gaaara]

I used to underestimate bitcoin because of an event. but I now know why bitcoin is the best. and I will never experience the same mistake.

Me too, I underestimate bitcoin and sells each time I gain profit, but bitcoin has proven something, now I won't hesitate to invest even more after witnessing everyrhing that happens to bitcoin this past months.

[intoy]

At first, I underestimate it and hesitating me if i will try this or not. I said to my self that I should trust and try it .

[AK47-]

Anyone would be hesitant in accepting a new monetary system. People are always skeptical when it comes to money. Initially trusting Bitcoin was not easy. It was highly speculative and volatile asset with very less user base. People are still skeptical about Bitcoin today. It need to have somewhat bigger user base to finally gain trust among people. Bitcoin is indeed moving towards that direction.

[Mtoo]

I know some people don't  believe all BTC value and process for getting and keeping  cryptocurrency  thus came back to us in latest time  to sell BTC late them eat fingers.

[OracionSeis]

I used to underestimate bitcoin because of an event. but I now know why bitcoin is the best. and I will never experience the same mistake.

Me too, I underestimate bitcoin and sells each time I gain profit, but bitcoin has proven something, now I won't hesitate to invest even more after witnessing everyrhing that happens to bitcoin this past months.

If you want investing to Bitcoin now, I recommend you should wait confirm the trend of Bitcoin and crypto market in next time, do not let FOMO on market make you have wrong decision. Hurry and greedy are enemy when trading.

[SaShiRaJaVu]

I used to underestimate bitcoin because of an event. but I now know why bitcoin is the best. and I will never experience the same mistake.

May i ask which event made you to underestimate your hope about bitcoin  because since this valuation started the price was booming until it came crashing and since then we are having a gradual push ,we might see rallies on both positive and negative sides but hold onto your coins for the long haul and make a good profit.

[eaLiTy]

Some of the most common critiques of Bitcoin are: "it's too slow" or "the blockchain is getting too big". Bitcoin has value because it is a store of currency that will appreciate AND because it's just there. How can you buy the hottest new altcoin? Directly with fiat? You must but BTC from a Bitcoin exchange, then trade it on an altcoin exchange.

So often I see people saying "we are in a bubble" and "when the bubble bursts..." - but weren't these people saying the same thing when BTC made a huge push up to 2,700? Maybe we simply underestimated Bitcoin. Remember, Bitcoin is the first of its kind. We can't really look to history to predict how it will be valued like we can with other things.

The size of block chain will always increase but that does not bother a common user unless you are running a node since a user could make use of light weight wallets, another point is that you could purchase alt coins with fiat currency and most of them with ETH , hope you have not seen the ICO that are popping up every now and then  If you look at history any product or commodity or stock that has a sudden increase in value will burst eventually ,bitcoin showed that once in its initial rally.

[youngagethinker]

Some of the most common critiques of Bitcoin are: "it's too slow" or "the blockchain is getting too big". Sure newer coins offer faster tech, more sophisticated algorithms that are ASIC resistant, and so on. Let me ask you this - do you ever ride the old train in your city? Do you sit on the train and wonder why they don't put in a new superconducting train instead? We use the old train and it's no wonder because it works. Don't fix something that isn't broken, haven't we all learned that the hard way? And if it breaks down, surely it will be cheap to repair. Besides, what do you think cost more to complete, the train itself or clearing the path and laying the tracks? Bitcoin has value because it is a store of currency that will appreciate AND because it's just there. How can you buy the hottest new altcoin? Directly with fiat? You must but BTC from a Bitcoin exchange, then trade it on an altcoin exchange.

So often I see people saying "we are in a bubble" and "when the bubble bursts..." - but weren't these people saying the same thing when BTC made a huge push up to 2,700? Maybe we simply underestimated Bitcoin. Remember, Bitcoin is the first of its kind. We can't really look to history to predict how it will be valued like we can with other things.

So before you sell your coins, ask yourself this: how long has the old train been running in your city?

One of the best lines I've heard here. 😇
I have some knowledge on the magnetic levitation trains because I've studied electrical engineering. It works and the idea is promising but yes this is true. Unless this maglev can handle the everyday transportation of thousands of people and non stop from 8-10 we won't use it because the technology is still in it's improvement. And I wonder why people is thinking that Bitcoin might be old and might fade as the technology improves. Of course it will so are etherium and other cryptocurrencies, but we have the reply protection right? Where we can have a new coins same as the amount of our bitcoins. We all know that BTC has it's downfall especially traffic's when the blockchain is being too crowded and we're continuously thinking of a way to get through this and that's the important thing. I will be leaving this technology if I can't feel them making their best but as what I can see this is worth fighting for.

[farhansadik]

I been listening a lot of conversation that dont believe in BTC, BTC will fail, Bla Bla Bla....
Don't underestimate Bitcoin. People have underestimated the BTC
since the beginning of creation.
But those who have patiently kept the BTC from the beginning only have realized the true meaning of BTC

It Is true that The BTC has been very problematic But You need to realize also that It has been able to solve those problems very quickly.

[crismass1225]

Some people (0not us) underestimate bitcoin as it the transaction is way to slow and transaction fee is way to high. But the technology is ivolving innovating and ulgrading as difference developer want to solve out problem in bitcoin. Ops you have a good point it is very true that some people underestimate bitcoin because as i know they think bitcoin will reach it full potential and it will gone away soon but bitcoin is first of it kind other altcoin are depended on it. Bitcoin need a little upgrade

[tristan1960]

I used to underestimate bitcoin because of an event. but I now know why bitcoin is the best. and I will never experience the same mistake.

Me too, I underestimate bitcoin and sells each time I gain profit, but bitcoin has proven something, now I won't hesitate to invest even more after witnessing everyrhing that happens to bitcoin this past months.

Some people sttonlgy believes bitcoin will be an immortal thing. They're talking about holding them for 15-20 years. This is actually not realistic. We need to define a selling point to liquidify our profit came from bitcoin. I underestimate bitcoin as only profit.

[Beicin]

Its not that people underestimate it... Whats happening right now is that its hard for the average Joe to "pick up" the technology - it's still not very user friendly - Think about it, electronic wallets, cryptography, signed transactions, blockchain... its too much info at once

[chesegrinder]

i underestimate bitcoin before the hard fork last aug. 1 i have doubt that bitcoin will increase its value as of this day for update 1BTC = 4633.33. and base on speculation and prediction bitcoin price will close enough to 5k dollars after a month or this year. We can say that "MANY" people underestimate bitcoin as they dont know its value and uses. we bitcoiner are just a small part of the world who know bitcoin and other crypto. so we need to spread the words.

[jerowacik]

i underestimate bitcoin before the hard fork last aug. 1 i have doubt that bitcoin will increase its value as of this day for update 1BTC = 4633.33. and base on speculation and prediction bitcoin price will close enough to 5k dollars after a month or this year. We can say that "MANY" people underestimate bitcoin as they dont know its value and uses. we bitcoiner are just a small part of the world who know bitcoin and other crypto. so we need to spread the words.

everyone does not expect what's happening right now. bitcoin prices change and move very positive. it is very likely that we will see another rise in the future. surely many people who regret not to buy bitcoin when the price is still below 3000USD before segwit in early August.

[mostkey]

Anyone would be hesitant in accepting a new monetary system. People are always skeptical when it comes to money. Initially trusting Bitcoin was not easy. It was highly speculative and volatile asset with very less user base. People are still skeptical about Bitcoin today. It need to have somewhat bigger user base to finally gain trust among people. Bitcoin is indeed moving towards that direction.

I think people's beliefs about bitcoin are wide enough, but the problem is whether they have correctly understood what to do or the main and overall functions of bitcoin? does not seem to be. because not all bitcoin users have the skills or the ability to maximize bitcoin functions. it seems we will soon enter that stage

[DigitalLemming]

I know I surely have. It's difficult not too. Everyone forum for every other alt coin is the same. Their coin is the best and bitcoin is going to fail and can not compete. Brain washes you after awhile and in the mean time bitcoin continues to grow.

[Darker45]

i underestimate bitcoin before the hard fork last aug. 1 i have doubt that bitcoin will increase its value as of this day for update 1BTC = 4633.33. and base on speculation and prediction bitcoin price will close enough to 5k dollars after a month or this year. We can say that "MANY" people underestimate bitcoin as they dont know its value and uses. we bitcoiner are just a small part of the world who know bitcoin and other crypto. so we need to spread the words.

Fears are real and that is why so many people are easily swayed by the spreading of FUDs. But at the end of the day the realization will always be that investing, hodling, and trusting Bitcoin was the wisest thing to do in the face of all these. Never underestimate Bitcoin because the trust is growing by the day.

[Jason C.]

The role of Bitcoin in the cryptocurrecy market is supposed to be the standard, just like the role that gold used to play in economy. If you know the history of "Gold standard", you'll get what I mean.

[ethereumhunter]

actually i am underestimated bitcoin in 2015 when i am first time knew bitcoin. but after the end of 2015, i know the price is start to increase, i read many source and i learn many thing, then i realize that bitcoin is different than any investment i know. so i start to believe in bitcoin and finally i use bitcoin and in 2016, i see the price is increase more. finally in the middle of 2016, the price start getting up and this year, bitcoin price reach the highest price that i can see. so from time to time, i am trying to be sure and believe with bitcoin in any circumstances.

[narutos]

Time wil tell, but Bitcoin still has lots of potential as bankers n the mass starting to recognize it.

[bitcoinVPSD]

Yes, I agree . That's because some of them accept to sell all bitcoins at a high bitcoin price. They do not think that the benefits and values will increase in the future. I think the potential of Bitcoin is great because we should keep buying and keeping it in the future.

[Jmmerquita]

most people do, the culture of kills us why we are underestimating bitcoin. Most of do not understand what fiat currency is. Until we understand the concept, we can say BTC is better than GOLD and PAPER.

[joshy23]

I think we do, specially in the beginning of bitcoin technology. That 's why only those who really believed has really benefited from where it went today. Those early adopters who didn't underestimate but for most we felt sorry for them.

And now look at where bitcoin is, although the price is going down now, who wouldn't imagine that it can touch $5000? So I hope that as what bitcoin has done globally, we should learn from our mistakes and not underestimate moving forward but to put our trust on it specially that we have still a long road ahead.

[hashtag101]

Yes, I agree . That's because some of them accept to sell all bitcoins at a high bitcoin price. They do not think that the benefits and values will increase in the future. I think the potential of Bitcoin is great because we should keep buying and keeping it in the future.

You are holding while you do not know the reason make Bitcoin increase in this month, is right? You just are fearing of missing out if you so you want buy Bitcoin today, because Bitcoin cannot breakout $5,000 is truth.

[olliedickman]

actually i am underestimated bitcoin in 2015 when i am first time knew bitcoin. but after the end of 2015, i know the price is start to increase, i read many source and i learn many thing, then i realize that bitcoin is different than any investment i know. so i start to believe in bitcoin and finally i use bitcoin and in 2016, i see the price is increase more. finally in the middle of 2016, the price start getting up and this year, bitcoin price reach the highest price that i can see. so from time to time, i am trying to be sure and believe with bitcoin in any circumstances.

yes, we used to. Couple years ago, Bitcoin was really underestimated and even many people think that Bitcoin was a scam. At that time, Bitcoin was invaluable. That's why it couldn't bring enough trusts to us. However, It is different now, Bitcoin has given hopes to people.

[BitcoinPanther]

I never underestimated Bitcoin.  I know from the start that bitcoin will get stronger and the community will grow as time goes by.  I also believe that bitcon scaling problem will be solved in due time. Its that people are just too impatience and cannot wait until all is set to its proper place.  By then I know bitcoin will still increase in price until the market saturation level is maximized.

[ProzCoin]

I agree with you. There are still many trains which are old and obsolete but it is still used for many years cause it is strong and secure, cheap too. But in somehow, bitcoin is not as good as you think because technology changes every year and cause of that, the people want more in bitcoin than normal

[setupbounds]

I used to underestimate bitcoin because of an event. but I now know why bitcoin is the best. and I will never experience the same mistake.

Me too, I underestimate bitcoin and sells each time I gain profit, but bitcoin has proven something, now I won't hesitate to invest even more after witnessing everyrhing that happens to bitcoin this past months.

If you want investing to Bitcoin now, I recommend you should wait confirm the trend of Bitcoin and crypto market in next time, do not let FOMO on market make you have wrong decision. Hurry and greedy are enemy when trading.

I don’t think so it is wrong time for investing into bitcoins. If the investor has not big amount for buying bitcoins, he must wait until the prices go down little and that is not possible before the commencement of 2018. But if he has a sufficient amount, it is the right time to invest to enjoy ride for 5k dollars. 

[winterland]

I don't know why some people view bitcoin as a pozi scheme, there is a far different between bitcoin and ponzi.
Bitcoin is a digital currency while ponzi is just a program that runs it activities with money. And until we understand this fact people will keep on selling there bitcoin as soon as they get it cause of the fair of losing they investment.
The best way is to study and understand it and keep drinking the old wine cause it tast the best.

If there exist such kind who thinks of Bitcoins as some ponzi scheme, they are the illiterate ones than. I would recommend them to Google their questions and clear their doubts before opening their mouths. If someone does not care about his loss then I would let him taste it.

Let them think those ridiculous thoughts while we benefit from bitcoin at the end they are the ones that are going to be crying for not getting in bitcoin when they had the chance to get it for cheap and at that time that will no longer be an option for them.

[bitcoinmaniac52]

Everyone including you and me underestimated it. Otherwise we would have bought a long time ago. Lots of people never thought it would go above $100. Then it went above $1,000. Then people doubted if it would go above $3,000. I personally thought it was going to crash, but sure enough it went above $3,000 and then $4,000! Now, I do not doubt Bitcoin any more. My opinion is someday it will be worth over $1,000,000.

[DainSLane]

actually i am underestimated bitcoin in 2015 when i am first time knew bitcoin. but after the end of 2015, i know the price is start to increase, i read many source and i learn many thing, then i realize that bitcoin is different than any investment i know. so i start to believe in bitcoin and finally i use bitcoin and in 2016, i see the price is increase more. finally in the middle of 2016, the price start getting up and this year, bitcoin price reach the highest price that i can see. so from time to time, i am trying to be sure and believe with bitcoin in any circumstances.

yes, we used to. Couple years ago, Bitcoin was really underestimated and even many people think that Bitcoin was a scam. At that time, Bitcoin was invaluable. That's why it couldn't bring enough trusts to us. However, It is different now, Bitcoin has given hopes to people.

Yeah some of us underestimated bitcoin back then earning bitcoin is easy at first when the price is not that big some people in the past ignore bitcoin like me i don't know what it is and i think it's a scam when i was a newbie and now here we are hoping to get 1bitcoin and work hard, waiting to earn profit from bitcoin by holding it for longterm.

[DoublerHunter]

actually i am underestimated bitcoin in 2015 when i am first time knew bitcoin. but after the end of 2015, i know the price is start to increase, i read many source and i learn many thing, then i realize that bitcoin is different than any investment i know. so i start to believe in bitcoin and finally i use bitcoin and in 2016, i see the price is increase more. finally in the middle of 2016, the price start getting up and this year, bitcoin price reach the highest price that i can see. so from time to time, i am trying to be sure and believe with bitcoin in any circumstances.

yes, we used to. Couple years ago, Bitcoin was really underestimated and even many people think that Bitcoin was a scam. At that time, Bitcoin was invaluable. That's why it couldn't bring enough trusts to us. However, It is different now, Bitcoin has given hopes to people.

Yeah some of us underestimated bitcoin back then earning bitcoin is easy at first when the price is not that big some people in the past ignore bitcoin like me i don't know what it is and i think it's a scam when i was a newbie and now here we are hoping to get 1bitcoin and work hard, waiting to earn profit from bitcoin by holding it for longterm.

We already learned our lesson and that is not to underestimate the power of bitcoin. Back in the day that almost all the people that i know always laugh at bitcoin because they think that bitcoin is just a waste item in the internet but now are they are regretting it because they saw the price that it is too high and it is not affordable for them to buy at least 1 of it.

[valisa]

it's my first time to know bitcoin I underestimated and it turns out my opinion about bitcoin wrong, I just believe bitcoin after my brother succeed in bitcoin, since then I also invested in bitcoin and I admit my mistake about bitcoin

[narutos]

Thats why not all of us bought in when it was a few cents, dollars a few years back.

[Core.BUSTER]

Yes, bitcoin has been greatly underestimated in the past and many people still do not believe in it. I don't really get your analogy about the old train. Btc is not an old train, it is growing, developing and facing innovation. It is not stuck in the past.

As of now some people still underestimated bitcoin and some them are do not believe to the potential of bitcoin. In addition to that, I think you should not understimated it from its apperance. Bitcoin is still developing and still growing. Lastly, I believe that bitcoin has a good future.

[albertorma]

In my opinion, yes! My friends told me that there is no government support, so bitcoin is unsafe. But this is exactly what makes bitcoin safe! In future we will need a cryptocurrency and bitcoin will always be the first one.

[fullhdpixel]

it's my first time to know bitcoin I underestimated and it turns out my opinion about bitcoin wrong, I just believe bitcoin after my brother succeed in bitcoin, since then I also invested in bitcoin and I admit my mistake about bitcoin

You admitted your fault and have already made a correction so now you just need to be happy and feel proud i yourself because most of the people are not like this.

Bitcoin is the future currency and it is going to progress even more. Mostly people ignore it at first sight but it is better late than never.

[winterland]

I used to underestimate bitcoin because of an event. but I now know why bitcoin is the best. and I will never experience the same mistake.

Me too, I underestimate bitcoin and sells each time I gain profit, but bitcoin has proven something, now I won't hesitate to invest even more after witnessing everyrhing that happens to bitcoin this past months.

If you want investing to Bitcoin now, I recommend you should wait confirm the trend of Bitcoin and crypto market in next time, do not let FOMO on market make you have wrong decision. Hurry and greedy are enemy when trading.

I don’t think so it is wrong time for investing into bitcoins. If the investor has not big amount for buying bitcoins, he must wait until the prices go down little and that is not possible before the commencement of 2018. But if he has a sufficient amount, it is the right time to invest to enjoy ride for 5k dollars. 

Any amount that you can invest in bitcoin is fine, having some earnings is better than to have no earnings at all, it is true you are not going to get much at all but that is the way it is until you raise more money.

[pekingcoepo]

Everyone including you and me underestimated it. Otherwise we would have bought a long time ago. Lots of people never thought it would go above $100. Then it went above $1,000. Then people doubted if it would go above $3,000. I personally thought it was going to crash, but sure enough it went above $3,000 and then $4,000! Now, I do not doubt Bitcoin any more. My opinion is someday it will be worth over $1,000,000.

Right You say I'm one of those people who underestimate bitcoin because I think the coin will go up fantastic this year. But all doubts about Bitcoin are now gone, because I'm also pretty sure in the next few years the price will go up. and I also believe the price could reach $ 10,000.

[crustez00]

Yeah i agree too, bitcoin has been unerestimated since back then when itself created. Although there is much potential. Most of people that already know the potential of bitcoin itself keep mining bitcoin, aand as for now they are what we see as multi millionaires 

[Turk Ace]

I think some people have and now they regret it. The naysayer and all the rest of the Fud spreaders.

Maybe some clueless people thought it was silly and now see it's serious. You get people who can't wrap their mind around a digital currency.

[jseverson]

Interesting analogy. I don't agree completely because I am an advocate of modernization, but I don't think Bitcoins will be replaced by any altcoin anytime soon, or maybe ever. I imagine most people look at its value, which is dictated by the rather low supply vs the high demand, rather than the technology behind it. The technology does help, because it does sway people to come and invest, but you're right on the money with needing Bitcoins to buy altcoins. Bitcoins are here to stay.

[DoublerHunter]

Interesting analogy. I don't agree completely because I am an advocate of modernization, but I don't think Bitcoins will be replaced by any altcoin anytime soon, or maybe ever. I imagine most people look at its value, which is dictated by the rather low supply vs the high demand, rather than the technology behind it. The technology does help, because it does sway people to come and invest, but you're right on the money with needing Bitcoins to buy altcoins. Bitcoins are here to stay.

There is a chance for other coins or altcoins to replace bitcoin because that is not hard for bitcoin to achieve since there is a lot of things that might become the cause for a person to choose altcoin rather than bitcoin and that is the features of the altcoin that is better in bitcoin and if that altcoin is more convenient than bitcoin then it is a very attractive feature for an investor.

[budiartha]

yes I agree with you an interesting parade where bitcoin is the first coin and has survived until today, if replaced by another altcoin in the near future I think there is no altcoin that can replace bitcoin, but don't know 3 years or 5 years again the possibility is always there and for now we take advantage of bitcoin to provide benefits. 

[winterland]

Everyone including you and me underestimated it. Otherwise we would have bought a long time ago. Lots of people never thought it would go above $100. Then it went above $1,000. Then people doubted if it would go above $3,000. I personally thought it was going to crash, but sure enough it went above $3,000 and then $4,000! Now, I do not doubt Bitcoin any more. My opinion is someday it will be worth over $1,000,000.

We are probably not going to see that day but it does not matter, the most important thing is to invest in bitcoin right now, the price is attractive although you could have bought a few days a go for a cheaper price, but once you get your bitcoin the most important thing is to hold it and not sell it until you reach your target price.

[Bakemat]

Some of the most common critiques of Bitcoin are: "it's too slow" or "the blockchain is getting too big". Sure newer coins offer faster tech, more sophisticated algorithms that are ASIC resistant, and so on. Let me ask you this - do you ever ride the old train in your city? Do you sit on the train and wonder why they don't put in a new superconducting train instead? We use the old train and it's no wonder because it works. Don't fix something that isn't broken, haven't we all learned that the hard way? And if it breaks down, surely it will be cheap to repair. Besides, what do you think cost more to complete, the train itself or clearing the path and laying the tracks? Bitcoin has value because it is a store of currency that will appreciate AND because it's just there. How can you buy the hottest new altcoin? Directly with fiat? You must but BTC from a Bitcoin exchange, then trade it on an altcoin exchange.

So often I see people saying "we are in a bubble" and "when the bubble bursts..." - but weren't these people saying the same thing when BTC made a huge push up to 2,700? Maybe we simply underestimated Bitcoin. Remember, Bitcoin is the first of its kind. We can't really look to history to predict how it will be valued like we can with other things.

So before you sell your coins, ask yourself this: how long has the old train been running in your city?

I do not think that we need to underestimate Bitcoin. I been hearing a lot of talk that Bitcoin will fail. If we look at Bitcoin today it now has good reputation and become much more in-demand now if we look on any Dark Market which was part of the point to making Bitcoin to get goods and services that we can't obtain with a paper currency, all of the merchants accept Bitcoin.With how technology is constantly improving at a rapid pace day by day, people will try to find ways to make it better.

[AverageGlabella]

I think so. Bitcoin back in 2009 was labelled as geek money and play money. But now it's grown into the beast we see it today. It's worth more than gold at this point at a 1:1 ratio.

[Redanim]

Bitcoin was underestimated when it was only made 9 years ago. Step by step bitcoin was progressing and getting more attention and investmens. I was always believing in bitcoin, I started working with bitcoins long time ago and I am proud of it. Bitcoin is our future.

[ned00]

There is an upper limit to the cost of bitcoin. I believe it. Does anyone know such estimations?

[webdevmastery]

most people who are usually silent already know the potential of bitcoin and they are mining their own business while accumulating it without anyone noticing. in a couple of years we will see them as multi millionaires and will see topics saying "i wish i did the same too".

the limited supply with all this growing demand, specially these days that bitcoin is all over the media is not a small thing. if we never had all the drama with exchange hacks, FUD, split, fork, ... the price would have been 10K at least by now.

Bitcoin mining is the easiest way to earn bitcoins but the only problem is electricity consumption. China is one of the biggest contributor in the market because the electricity consumption in their country is low and it really affected the market when the ico's are banned in their country.

[rony01941]

Yes, I agree with everyone. The use of bitcoin is increasing day by day because its improvement is extreme. I think Bitcoin will play a huge role for us in the future. Those Bitcoin are not believers. They are far behind in the present age. So we should all Share the ideas of Bitcoin. If Bitcoin's ideas spread to everyone, it would be better.

[peach56]

Most likely in some respects. The exponential growth that BTC has experienced has been very shocking to many economists a like. Where is it going to be going now I wonder? I think it will now stagnate for a while after the fork and especially with its new fall. I think BTC cash will look to start rising and other forms of BTC and ETH will start to catch up with BTC while it stagnates.

[narutos]

Most likely in some respects. The exponential growth that BTC has experienced has been very shocking to many economists a like. Where is it going to be going now I wonder? I think it will now stagnate for a while after the fork and especially with its new fall. I think BTC cash will look to start rising and other forms of BTC and ETH will start to catch up with BTC while it stagnates.

Bitcoin price now is half at all time high, bounce back from around 7K. Anything in crypto is way too volatile.

[Arngrim]

Although this thread was made months ago it is somehow good to hear that there are people who can create this kind of examples just so to explain how bitcoin goes even if it is old. (is it?)

Do not worry guys all your altcoins once got populated will also take that same toll.
They say it is fast, it is cheap but yet have you ask yourself how many people are using it. We got so hooked up with the sweet words that have been spread all over the crypto world and the worse part is we dont ask ourselves anymore. What if it gets so populated?