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[blmpnetwork]

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[Nalbo]

Maybe. The value bitcoin has is given by the buyers and sellers. As it has no specific use except trading and speculation, it is bound to decrease in value in some moment of time.
But with much more to see, we can aspect the rise of bitcoin for one more decade.

[batang_bitcoin]

Is Bitcoin overhyped?

No it isn't.
There has been a lot of bad impression that the well known people in the entire world's economy who are giving their sentiments on how bad bitcoin is as an investment. What makes you think that it's overhyped? You should be asking on why there are many altcoins that are overhyped and why they are coming to the point that they want to replace bitcoin.

[just_Alice]

Is Bitcoin overhyped?

Definitely. There's no doubt there are alternate cryptocurrencies that are as good as Bitcoin, or even better: lower and faster transaction fees for instance. Even when BTC tx fees have pumped up to 40$ it remained popular. I think the fact that Bitcoin was the first cryptocurrency and it is 9 years old already, which is why people trust it mostly, plays a key role in its demand.

[ilnick]

Nevertheless, it is better to ask this question to the miners. The advanced miner can accurately consider the cost price. Then you can talk about overbought or under-sold BTC.

[henryba]

Is Bitcoin overhyped?

hard to say.
bitcoin has the value we want to give it.
but according to many specialists, for the moment it's not expensive.
they even expect it to increase sharply in the near future.

[bttmember]

I would say it is still underhyped and undervalued, coming years will be huge for bitcoin, even right now the btc dominancy is low, as soon as dominancy starts growing and crosses 50% mark we will see btc skyrocketting and everyone will be rushing to buy bitcoin causing fomo and even more bulls.

[PSL]

I do not think so. Bitcoin is the most common cryptocurrency and its growth is ensured by a number of fundamental factors. When institutional investors enter the market, there will be real growth, the scale of which we do not even suspect...

[crenfrosck]

Yes, I think so. But Bitcoin is an iconic representative of the crypto world and as long as people do not switch to another platform, it will stay just as it is. On the other hand, Bitcoin is simply outperformed by its successors. Nothing can stay forever and therefore BTC will not be the one and only king. If I think Bitcoin will vanish after this event? Not really, it will be only less valuable than another, stronger and probably more spread cryptocurrency.

[Neutrality]

In some way, it is. However, you can actually say the same about the whole crypto sphere.

[Gorodcoin]

I dont think its over hyped, not so much people knows about it actually if we take all people on the planet earth from 14 y.o. - 100 y.o. , I mean bitcoin is like a baby now

[LtMotioN]

I would argue that some other coins may do faster and cheaper transactions, but BTC is the only really decentralized on in many aspects. Almost all other coins have "offices" and were pre-mined to hell by its creators. Even Ethereum has Vitalik as its face. Bcash is mostly owned by Ver&Co.

As for altcoins, yea... there is definitely a bubble in them. The majority of them are purely speculative. They don't do anything in the real world, thus they create no real value. (Note I am saying most).
Just go through the top 20 and look at which coins have actual use in real world now, not many of them do.

Bitcoin I think will be fulfilling the role of reserve currency. It will be the USD of crypto. I do not see that it could be overhyped. I would firstly argue things like Ripple is overhyped. Someone created value out of thin air, then pumped it a few times and created hodlers for the coin.  Then it basically just kept value because of these hodlers.

Look at Tron even, they tweeted today they have 1 million users. All the supporters are like "wow" and my response was "meh". Well guess what, Electroneum has much more users than that and is outgrowing the hell out of them in terms of users, yet it has what I would call a fair valuation right now. Their coin isn't being used in real life yet,so why the hell should it be in the top 10? The bubble is created by hodlers who joined a pump and couldn't dump at a profit. Then after a few laps of this we sit with something with a severely overhyped and over valued price. Like Tron and Ripple.

And no I dumped all my ETN, not shilling it. Making a point.

Also as for BTC dominance dropping, there are lots of traders like myself who just want to increase their BTC holdings.  If you just hodl BTC that 1 BTC you have will always be 1 BTC. The fact that altcoins are outperforming it is irrelevant, because it is outperforming it because there are so many people like me buying and flipping this stuff. BTC is the endgame.

[yadwoa69]

Not really. Considering the technology involved, market capitalization, investors confidence in it and its popularity, one can't say is over hyped.

[Bttzed03]

Any particular reason why you asked that? Anyway, the technology behind is good and its being improved over time. Unfortunately, I also see some people only hype the earning potential in investing or trading bitcoin to new ones.

[RicardoRicky]

I do not think so. because all this time the bitcoin has run fairly without the interference of others, the phenomenon is just an attempt to enliven the crypto market, especially with the emergence of new coins in altcoin.

[Fioraver]

Absolutely not. Bitcoin has been under attack more times than all other coins combine. It is a lot more bad publicity about Bitcoin than good.

[PacePay]

Is Bitcoin overhyped?

It is actually the users of bitcoin and the demand of it which has increased the price of bitcoin it is not overhyped. We can estimate its price from the current use of this coin in the worldwide busineses. The use of it is much higher and so the demand of it is also higher which make the price to this level.

[SGToken]

If you read a bit on crypocurrency history, you should know Bitcoin is probably the least overhyped coin in the crypto world.

[m.vina]

Is Bitcoin overhyped?

It probably was back in november-december 2017 when bitcoin reached an all time high of $20k USD. Back then everyone was calling for bitcoin to breakthough all the way up to $50k. Sadly though, the hype died out and now we are back to $9k.

No worries though as surely people now realize the value of bitcoin and the new wave of investors are now real and organic.

[sourish]

How can something that is bringing a revolutionary global change in its wake be over hyped!!!!