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aardvark15 (OP)
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November 03, 2017, 08:09:22 PM |
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Another topic in this forum reminded me that the price of Bitcoin is 7 times what it was worth at the beginning of the year. So my question is:
At the beginning of 2017, was Bitcoin extremely undervalued and is now reaching its true value; OR is Bitcoin just in a bubble that’s about to pop and bring the price back down to earth?
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MissionPhailed
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November 03, 2017, 08:31:30 PM |
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I'm not an expert on this matter but I tend to think we're experiencing the 2nd mentioned scenario; lots and lots of BTC have been hoarded throughout the year while the altmarket has been sucked dry in the last month. Undoubtedly major sell-offs will commence in the not so distant future and there'll be an allocation of funds towards the altmarket. The true value seems hard to pinpoint with cryptoland being dominated by speculators these days.
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ahmadakbari
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November 03, 2017, 08:41:49 PM |
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I don't think it's a bubble. The price is determined by market and more interest in buying bitcoin cause the price ro rise more. All of us know that, there are still a lot of people don't hear the name of ''bitcoin''.
So not only it's not a bubble, but also it's so undervalued as many people haven't yet entered the market.
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naf
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November 03, 2017, 08:44:21 PM |
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POP! $3000-4000 seems a true value
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KeeKit
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November 21, 2017, 04:01:49 PM |
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I don't think it's a bubble. The advancement of cryptocurrency being used and accepted by a lot of merchants online has an increasing growth! That is why it is high time to invest. A lot of cryptocurrency are now emerging and the originals are bitcoin. And it is never too late to invest. One of the best is Ethereum! I like that www.propthereum.io and their whitepaper is accesible for everyone. It helps me understand the whole concept. Please check it out. |
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JID-33
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November 24, 2017, 11:45:51 PM |
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Bitcoin is not quite the bubble. The whole hype around the whole idea and industry is what is causing a bubble. If you compare this industry with the Dot.com and any other innovative tech emerging markets, they have the same similar business cycle. The industry will get more regulated and there will be the survivors and giants like googles and the amazons.
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candolbitcoin214
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March 26, 2018, 05:11:42 PM |
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Bitcoin is not quite the bubble. The whole hype around the whole idea and industry is what is causing a bubble. If you compare this industry with the Dot.com and any other innovative tech emerging markets, they have the same similar business cycle. The industry will get more regulated and there will be the survivors and giants like googles and the amazons.
Yes, i believe bitcoin is still battling and gaining it's ground to oust the old system. Fiat money and the government will give bitcoin and other cryptocurrency a very hard time so as an effect we experience this. If people will unite to use bitcoin ultimately as the new currency that then we will see the true value of bitcoin. |
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Lampaster
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March 26, 2018, 05:32:54 PM |
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Nobody knows what bitcoin really is. Many people think that bitcoin is a bubble and they have reasons for it. Many people believe that bitcoin is not a bubble and they also have reasons. I think the truth is in the middle. The further price of bitcoin depends on us now. If all users stop selling coins, the whales will trade with each other. They will become unprofitable and the price will start to grow.
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pereira4
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March 26, 2018, 05:55:06 PM |
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Bitcoin is an adventure of constant price discovery, if we get to a certain value, some people start considering if that is a viable value or not, then we get some people panicking which is what creates these waves.
Of course nobody can't deny the market's invisible hand. There is a big war happening for the control of the Bitcoin supply and TPTB are constantly plotting to shake the market out and then once it goes to the ground a new rally will begin. It is a mixture of both phenomena. Half of the market is controlled by big players, the other half will or not follow the market marker signals. But what is clear is, Bitcoin will never die, so after admitting this fact, there's only one thing to do: control the supply, in other words, shake out all the noobs and own as much BTC as possible.
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Xardasim
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March 26, 2018, 09:48:33 PM |
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Bitcoin and altcoins are the most profitable and free currency on Earth. Nobody knows that it's a bubble or something else. I mean, you have to guarantee your business at all times, but, of course, it is also the opposite of what I said. I mean, if it's not a bubble and it's a trustable currency, it will be a much more valuable.
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Febo
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March 26, 2018, 10:13:58 PM |
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Another topic in this forum reminded me that the price of Bitcoin is 7 times what it was worth at the beginning of the year. So my question is:
At the beginning of 2017, was Bitcoin extremely undervalued and is now reaching its true value; OR is Bitcoin just in a bubble that’s about to pop and bring the price back down to earth?
It seems it was reaching real value since right now is only $1000 as it was back then. Here you have answer. It is a bit to late but better late then never. |
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Ultegra134
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March 26, 2018, 11:06:47 PM |
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Another topic in this forum reminded me that the price of Bitcoin is 7 times what it was worth at the beginning of the year. So my question is:
At the beginning of 2017, was Bitcoin extremely undervalued and is now reaching its true value; OR is Bitcoin just in a bubble that’s about to pop and bring the price back down to earth?
Prices are determined by demand and supply. There was a huge hype with Bitcoin and crypto in general that created what you could call a "bubble". More and more people got into Crypto = more demand and to satisfy that demand, there's a larger supply. Eventually, the prices skyrocketed due to hoards of people investing money. |
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orions.belt19
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March 26, 2018, 11:59:17 PM |
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Due to the recent hype last December 2017, the price has inflated so much and has brought many to believe that bitcoin is a bubble that will eventually pop. A few months after, the price dropped drastically and many anticipated the doom for bitcoin. It was proven that even when the hype has died, there was a support level or about $10K. This may be the support level for bitcoin, but we may never know what or when the true value for bitcoin will be realized. Whether bitcoin really is a bubble or not, we are yet to discover and find out.
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Fuhre
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March 27, 2018, 04:18:12 AM |
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I don't think it's a bubble. The price is determined by market and more interest in buying bitcoin cause the price ro rise more. All of us know that, there are still a lot of people don't hear the name of ''bitcoin''.
So not only it's not a bubble, but also it's so undervalued as many people haven't yet entered the market.
which you say very precisely bro! If this bubble, why do many people believe it? in my opinion this is how the bitcoin works like this and can not be called bubbles. if many people already know and understand what is cryptocurrency (bitcoin) then it will not count anymore the problem of its value. |
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pooya87
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March 27, 2018, 04:19:32 AM |
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Another topic in this forum reminded me that the price of Bitcoin is 7 times what it was worth at the beginning of the year. So my question is:
At the beginning of 2017, was Bitcoin extremely undervalued and is now reaching its true value; OR is Bitcoin just in a bubble that’s about to pop and bring the price back down to earth?
It seems it was reaching real value since right now is only $1000 as it was back then. Here you have answer. It is a bit to late but better late then never. there is nothing called real value in my opinion. there is only supply and demand. supply is clear since it is the coins on the market but the demand is what is changing. for example by the time this topic was created the demand was continuously increasing and exploded to the moon by the end of the year because of the small mainstream adoption in US. and now that demand is coming back down to real demand so the price is falling. of course there is a lot more to it than just demand. for example the manipulations that has been going on have been taking a toll on the price this year. |
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Wind_FURY
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March 27, 2018, 06:36:22 AM |
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I don't think it's a bubble. The price is determined by market and more interest in buying bitcoin cause the price ro rise more. All of us know that, there are still a lot of people don't hear the name of ''bitcoin''.
So not only it's not a bubble, but also it's so undervalued as many people haven't yet entered the market.
which you say very precisely bro! If this bubble, why do many people believe it? in my opinion this is how the bitcoin works like this and can not be called bubbles. if many people already know and understand what is cryptocurrency (bitcoin) then it will not count anymore the problem of its value. You are not just saying that, are you? Hahaha. Bitcoin was in a bubble, and it is now returning back to the mean. This is normal and it should be nothing to be afraid of. Unless you bought it at the peakest peak of $20,000.  But bubbles come and bubbles go. Let's hope the next one is bigger than the last one. |
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Febo
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March 27, 2018, 12:19:28 PM |
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Another topic in this forum reminded me that the price of Bitcoin is 7 times what it was worth at the beginning of the year. So my question is:
At the beginning of 2017, was Bitcoin extremely undervalued and is now reaching its true value; OR is Bitcoin just in a bubble that’s about to pop and bring the price back down to earth?
It seems it was reaching real value since right now is only $1000 as it was back then. Here you have answer. It is a bit to late but better late then never. there is nothing called real value in my opinion. there is only supply and demand. supply is clear since it is the coins on the market but the demand is what is changing. for example by the time this topic was created the demand was continuously increasing and exploded to the moon by the end of the year because of the small mainstream adoption in US. and now that demand is coming back down to real demand so the price is falling. of course there is a lot more to it than just demand. for example the manipulations that has been going on have been taking a toll on the price this year. The real value is what is price right now. The price of tomorrow it will be Bitcoin value of tomorrow. Only market set value to Bitcoin. |
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vladimirnzh
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March 27, 2018, 12:21:05 PM |
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in D1 trendline I see that bitcoin is still in an uptrend, we just in a big correction after a year of huge up.
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rizkyhiw
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March 27, 2018, 07:07:57 PM |
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If bitcoin is just a bubble that can break at any time, maybe another coin just bubbles that have been broken for now, do not think so, I see the concept of bitcoin depends on the current market, look at the current price which makes me see bitcoin prices find the true value is not there is a very sharp decline despite a lot of negative news everywhere, yes it's only a moment maybe later will show improvement again.
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