♨♨♨ Bitcoin's Price Is Too High ♨♨♨

[ShortCoins]

Today’s Bitcoin situation “has aspects of a bubble in the sense that it’s a contagion,” Shiller says. “Bubbles are periods of contagious excitement about some investable asset that is enhanced by public observations of increases in price, and envy of people who made a lot money so easily.”

(Source: Popular Science, 2017).

https://www.popsci.com/too-late-buy-bitcoin

[zolfa]

yeah you can said it really high, because we know bitcoin price is born in in under 0 $.
but this is still very cheap price for new players because they will think the bitcoin price will be double or even triple in the future.
dont you think more people will interest and join? more plyers buy more high its price.

I think for a new player, today's bitcoin price is very expensive, why? because before he never found a currency of great value, and will make an impression to him that bitcoin is extraordinary.

[Kryten12]

It is high but I think it is a response to the stranger and more questionable policies of the worlds' central banks with their inflationary practices

[abbhatia]

yes i agree with your openion that bitcoin rate is to heigh but it can go much heigher from this point because is growing but supply is droping

[senin]

We are all a little shocked by the recent sharp rise in the price of bitcoins to 18,000 dollars. We are also not sure how to respond to such an unrestrained rise in price. The fact is that the problem is not in the bitkoyne itself. Such a sharp increase in it can not but affect the economy of most countries, and this influence is destabilizing. Some states can take protective measures to stabilize the situation on the market and this will not do good to bitkoyu.

[MrYan]

i know right, you need to at least have money or a good miner component to earn some btc

[bigdude]

Bitcoin too expensive for new comers so that chance for alcoint and other bitcoin fork growth very fast.
Such as Litecoin price rocket x5 just in 3 days from $60 to $300.
all of these make big FOMO

[btcwish1]

We've mined 17m of the 21m bitcoin already.

In that time bitcoin has gone up 6 million times its original value! That makes no sense at all. Even 1000x - 10000x increase would be rather absurd


Bitcoins price is WAYYYYY TOOO HIGH!!! Only 1% of the world has adopted the coin so far. It makes no sense that the first 1% to adopt (aka miners and HODLers) should get up to a 6 million times return on their money. While someone adopting today would get a one times return. That's simply not feasible. The remaining 99% of the population will not agree to deflate their own purchasing power by 6 million - they will just continue to use Fiat.

That's the biggest problem that will prevent bitcoin from scaling.

https://www.youtube.com/watch?v=F7luAHdv61k

Heres a great video from Crypto Daily discussing the problems of bitcoins price

What you have said makes lot sense. But again, the market really doesn't always follow sense and logic. How will you justify a iphone x price at more than $1000 where not every one in the world can afford it? Come on it is just a phone and and we all know how less it actually costs to manufacture an iphone..

[h0lybyte]

Getting more than one times return by investing in bitcoin now isn't  impossible. We can't say even you are surely going to earn profits as trading is always based on volatilization but according to speculators, bitcoin is still young and it can surge upto $50,000 further. So if bitcoin goes as per the speculations, you can conveniently earn more than one times by investing now

[kimochidesh]

Lets compare bitcoins price rise to a bottle of water. Since water is something EVERYONE needs



Water:

2008 - 50 cents
2017 - 1 dollar

2x increase



Bitcoin:

2008 - $0.003
2017 - $18,000 dollars

6,000,000x increase



Clearly water (and the demand for it) is more important than bitcoin. Yet water appreciated 2x in value while an imaginary, invisible, untangible thing called bitcoin has increased 6 million times. If water increased by the same amount it woud cost 3 million dollars for a bottle today.

Would you pay 3 million for 24 fluid ounces of water? No.

Then why would you buy bitcoin for the same inflated price?

Are you seriously comparing an investment tool to a consumable stuff!!!
Water or any consumable stuff can't be compared with BTC or stocks. In that way, Petrol or crude oil should also be at be $500 per litre.
one of the major reason behind vigorous price rice of BTC is its decentralization. No authority can regulate its price and trading. Moreover, it is only Investment tool which can trade all around the world without any hurdle.
So I think still its price is underrated as more n more people all around the world are interested to buy and invest in crypto-market every day.

[eaLiTy]

We've mined 17m of the 21m bitcoin already.
In that time bitcoin has gone up 6 million times its original value! That makes no sense at all. Even 1000x - 10000x increase would be rather absurd
Bitcoins price is WAYYYYY TOOO HIGH!!! Only 1% of the world has adopted the coin so far. It makes no sense that the first 1% to adopt (aka miners and HODLers) should get up to a 6 million times return on their money. While someone adopting today would get a one times return. That's simply not feasible. The remaining 99% of the population will not agree to deflate their own purchasing power by 6 million - they will just continue to use Fiat.

Hope you are normal while complaining this,do you think an investor who purchased the shares of Microsoft or a major share when it was in the beginning phase at a really cheap price is not playing fair and any investor investing must get equal returns   if so ,what is the parity in that,the early investors or miners does have an advantage than the late investors and there is nothing wrong in it. If you are not interested in bitcoin,then simply do not use it.

[btc2mars]

Lets compare bitcoins price rise to a bottle of water. Since water is something EVERYONE needs



Water:

2008 - 50 cents
2017 - 1 dollar

2x increase



Bitcoin:

2008 - $0.003
2017 - $18,000 dollars

6,000,000x increase



Clearly water (and the demand for it) is more important than bitcoin. Yet water appreciated 2x in value while an imaginary, invisible, untangible thing called bitcoin has increased 6 million times. If water increased by the same amount it woud cost 3 million dollars for a bottle today.

Would you pay 3 million for 24 fluid ounces of water? No.

Then why would you buy bitcoin for the same inflated price?

What?
How much would you pay for the air you're breathing in today?

Funny rationale and probably wrong.

[Schirer]

I do not understand why the maximum BTC amount is relevant, it is scale-able!
Bitcoin is not useful nowadays for vendors thus i propose other view- BTC is marketing for crypto world but other cryptos are the ones which will change the world.

[Happiest]

Yes, the price is too high.
But this is good for those who invested in it at the initial stage.
If you had buy bitcoin before, you would probably be among the jubilators whom are happy for the for the high profits.
So let's just say this high price is favoring some people why it is not doing so for some.
Nevertheless, its never too late to invest now.
You can probably, start by purchasing a small amount of it.
You never can tell what that price will be in years to come.

[Nerman]

We've mined 17m of the 21m bitcoin already.

In that time bitcoin has gone up 6 million times its original value! That makes no sense at all. Even 1000x - 10000x increase would be rather absurd


Bitcoins price is WAYYYYY TOOO HIGH!!! Only 1% of the world has adopted the coin so far. It makes no sense that the first 1% to adopt (aka miners and HODLers) should get up to a 6 million times return on their money. While someone adopting today would get a one times return. That's simply not feasible. The remaining 99% of the population will not agree to deflate their own purchasing power by 6 million - they will just continue to use Fiat.

That's the biggest problem that will prevent bitcoin from scaling.

https://www.youtube.com/watch?v=F7luAHdv61k

Heres a great video from Crypto Daily discussing the problems of bitcoins price

Well yes Bitcoin price right now is really high but it does not mean that it is expensive. Remember that anything in the world is actually price if there are people willing to buy it on the said price and as you can see people are still buying.

If you are saying that 99% will not agree to deflate their purchasing power basically Bitcoin has nothing to do with that. Even without Bitcoin FIAT depreciate yearly because of inflation and central banks printing out their currency.

Well you might be right that the price growth of Bitcoin is absurd and we have never seen this type of price inflation since the tulip mania and right now Bitcoin have surpassed that rise. We might see a Big correction in the future but with bitcoins history it usually recovers really fast.

[linkHA]

We've mined 17m of the 21m bitcoin already.

In that time bitcoin has gone up 6 million times its original value! That makes no sense at all. Even 1000x - 10000x increase would be rather absurd


Bitcoins price is WAYYYYY TOOO HIGH!!! Only 1% of the world has adopted the coin so far. It makes no sense that the first 1% to adopt (aka miners and HODLers) should get up to a 6 million times return on their money. While someone adopting today would get a one times return. That's simply not feasible. The remaining 99% of the population will not agree to deflate their own purchasing power by 6 million - they will just continue to use Fiat.

That's the biggest problem that will prevent bitcoin from scaling.

https://www.youtube.com/watch?v=F7luAHdv61k

Heres a great video from Crypto Daily discussing the problems of bitcoins price

Different people have different opinions. You think the price of bitcoin is too high now, and I think that's just the beginning. It will continue to rise!

[jhonjhon]

We are all a little shocked by the recent sharp rise in the price of bitcoins to 18,000 dollars. We are also not sure how to respond to such an unrestrained rise in price. The fact is that the problem is not in the bitkoyne itself. Such a sharp increase in it can not but affect the economy of most countries, and this influence is destabilizing. Some states can take protective measures to stabilize the situation on the market and this will not do good to bitkoyu.

The incredible increase of price will also contribute to the increase of transactions fees and heavy traffic in the blockchain. But I've feel a little bit worried because of having a massive increase of in and out transaction, a possible of internet breakdown and increase the numbers of unconfirmed transactions.

[RahulRana]

yes, of course Bitcoin prices is very high to other currency.In this day, today 1 BITCOIN =19345.99 US DOLLAR, so is very high rated.Bitcoins prices is day by day increasing position.In the next year, Bitcoin is a very biggest currency in the world.

[kevoh]

Lets compare bitcoins price rise to a bottle of water. Since water is something EVERYONE needs



Water:

2008 - 50 cents
2017 - 1 dollar

2x increase



Bitcoin:

2008 - $0.003
2017 - $18,000 dollars

6,000,000x increase



Clearly water (and the demand for it) is more important than bitcoin. Yet water appreciated 2x in value while an imaginary, invisible, untangible thing called bitcoin has increased 6 million times. If water increased by the same amount it woud cost 3 million dollars for a bottle today.

Would you pay 3 million for 24 fluid ounces of water? No.

Then why would you buy bitcoin for the same inflated price?

This analogy is flawed. While there  is a huge demand for water there is also an abundant supply of water that exceeds the demand. If water were very scarce or access to water was as difficult as a layman flying to the moon,trust me it will cost more than the current price of bitcoin.

[Essaint56]

We simply can't control the demand of the people. Back in 2008, how many were there who traded Bitcoin compared to today?