Bitcoin Forum
September 26, 2018, 08:08:47 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3] 4 »  All
  Print  
Author Topic: Why BTC is tremendously undervalued  (Read 301 times)
richminded
Sr. Member
****
Offline Offline

Activity: 504
Merit: 251



View Profile
June 17, 2018, 02:06:52 AM
 #41

Many countries and regions do not accept BTC! The value of BTC is not reflected. This is the biggest problem of BTC.
Only if BTC is accepted and used by more people, the price of btc will rise before it can play its value!
Yes that is a big issue, but i think that now they are understanding the value and importance of bitcoin and therefore some countries have accepted bitcoin as legal currency while other countries are going to turn it as legal very soon, so i think that bitcoin price is very soon expected to increase too much and give us a very good profit.
The value of bitcoin right now is still high, we should not hurry the market to be accepted by many countries, time will come for this. Every country have their own pros and cons about cryptocurrency let's just be optimist about the future and the value of bitcoin will be more worth it in the future.

███▄                 ▄███           ▄▄███▀▀█▄▄                   ▄▄█████▄▄           ███▄               ███    ▀██▄             ▄██▀
█████               ▄████       ▄▄████▄█ ██ ████▄▄           ▄▄████▀▀▀▀▀████▄▄       █████              ███      ███           ███
██████             ██████      ▀▀██▄█████▄▄███▄█▀▀▀         ███▀▀         ▀▀███      ███▀██▄            ███       ▀██▄       ▄██▀
███▀███▄         ▄██▀ ███     ███▄▀███▀████████ ████       ███               ███     ███  ███           ███         ███     ███
███  ▀███       ███▀  ███    █████ █████████  █▄▀▀▀▄█     ███                 ███    ███   ▀██▄         ███          ▀██▄ ▄██▀
███    ███▄   ▄███    ███   ▀████▀▄██████▀█████████▀██   ███                   ███   ███     ███        ███            ▀███▀
███     ▀███▄███▀     ███   █▄▄▄▄███  ████████▀███████   ███                   ███   ███      ▀██▄      ███            █████
███       █████       ███   ██▀██████████▀████████████   ███                   ███   ███        ███     ███           ██▀ ▀██
███        ▀█▀        ███    ███████▀████████▀▀▀███▄█     ███                 ███    ███         ▀██▄   ███         ▄██▀   ▀██▄
███                   ███
     █  █▀█████████ ███ ███       ███               ███     ███           ███  ███        ██▀       ▀██
███                   ███
      █████▀▄▄▀█▄██▄▀▀▀▄██         ███▄▄         ▄▄███      ███            ▀██▄███      ▄██▀         ▀██▄
███                   ███
       ▀▀██▄▀▀▄███▀████▀▀           ▀▀████▄▄▄▄▄████▀▀       ███              █████     ███             ███
███                   ███
           ▀▀██████▀▀                   ▀▀█████▀▀           ███               ▀███   ▄██▀               ▀██▄
.
.TRADE, EARN & OWN THE EXCHANGE
████   WHITEPAPER    FACEBOOK    TWITTER    LINKEDIN    TELEGRAM    CRUNCHBASE   ████
|FREETRADING &
ICO LISTING
|SUPERIORTO NASDAQ
AND LSE
|US$ 29MRAISED IN
2 WEEKS
|
[]
1537949327
Hero Member
*
Offline Offline

Posts: 1537949327

View Profile Personal Message (Offline)

Ignore
1537949327
Reply with quote  #2

1537949327
Report to moderator
1537949327
Hero Member
*
Offline Offline

Posts: 1537949327

View Profile Personal Message (Offline)

Ignore
1537949327
Reply with quote  #2

1537949327
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537949327
Hero Member
*
Offline Offline

Posts: 1537949327

View Profile Personal Message (Offline)

Ignore
1537949327
Reply with quote  #2

1537949327
Report to moderator
1537949327
Hero Member
*
Offline Offline

Posts: 1537949327

View Profile Personal Message (Offline)

Ignore
1537949327
Reply with quote  #2

1537949327
Report to moderator
1537949327
Hero Member
*
Offline Offline

Posts: 1537949327

View Profile Personal Message (Offline)

Ignore
1537949327
Reply with quote  #2

1537949327
Report to moderator
Btcallans
Newbie
*
Offline Offline

Activity: 145
Merit: 0


View Profile
June 17, 2018, 02:43:00 AM
 #42

Bitcoin is the most overpriced and expensive asset in the world that does not have any utility or application. The only good thing about Bitcoin is that Bitcoin achieved to present the Blockchain technology to the world, but not more. So, I don't believe BTC will remain as valuable asset for long-term. When the hype is over, a crash is expected any time!
trecore4
Sr. Member
****
Offline Offline

Activity: 602
Merit: 259



View Profile
June 17, 2018, 07:36:09 AM
 #43

I dont think that Bitcoin demand has increased lately or anytime in the past. It is already overvalued coin and you are thinking that it is undervalued one? I cant really get any explanation from your post here. The demand is very low at this point and if there would have been demand then there would have been real price surges in the crypto market at this time. The market would have already crossed 20K USD value the same way it did last December. That pump was anyway artificial one, an attempt to gain profits and most probably act of whales. I guess what value we are seeing today for BTC is just fine one.

fishball
Member
**
Offline Offline

Activity: 322
Merit: 10


View Profile
June 17, 2018, 02:41:45 PM
 #44

Lately we have seen an increased demand for tremendously large blocks of Bitcoin. So much so, that we can't keep up with the volume that people and organizations are requesting. So what are the underlying factors?
One reason is that cryptos, and BTC is king there, are gaining respect with the financial hedgers in Europe, Asia and the United States. We have seen new exchanges opening here and overseas. The SEC has requests from several companies to offer exchange traded funds invested in Bitcoin futures. Hedge funds, investment banks, trust companies and investment advisors are all looking to fill the needs of their top clients. After all, we are all in it for the money.
But go a little deeper and follow the trend that BTC and crypto have taken for the last ten years. They have doubled, most of them, and most likely will continue to do so, according to the BTC pundits. And why not? People love to speculate, and this can be more lucrative than gambling in the stock market or gambling in a casino. And with the liquidity that the exchanges provide, one can go shopping with their Bitcoin card at many shops and online. And quite a few real estate companies now accept BTC as a purchase vehicle.
With all the demand, the mainstream financials wanting to be involved, the acceptance for purchasing goods to homes, and the thrill of the possibility of making a nice return, it certainly seems that BTC and cryptos are tremendously undervalued. Time will tell, the volatility will be there, it won't be boring, and we will be moving into the future, whatever it may be.


This is what I have read...

Knowing the difference between cost and value can increase profitability:

-the cost of your product or service is the amount you spend to produce it
-the price is your financial reward for providing the product or service
-the value is what your customer believes the product or service is worth to them

https://www.nibusinessinfo.co.uk/content/difference-between-cost-and-value

Bitcoin is not perfect so stop pressuring it to be like one. It still has its flaws.

gaxfrwpy
Newbie
*
Offline Offline

Activity: 170
Merit: 0


View Profile
June 17, 2018, 02:53:21 PM
 #45

Yes, I think so. The demand for bitcoins has been very large, and mining is becoming more and more difficult. If the application of the lightning network to achieve bitcoin will quickly enter many industries, it is now a good time to buy the bitcoin.
Jating
Hero Member
*****
Offline Offline

Activity: 882
Merit: 516


View Profile
June 17, 2018, 03:07:58 PM
 #46

Bitcoin is the most overpriced and expensive asset in the world that does not have any utility or application. The only good thing about Bitcoin is that Bitcoin achieved to present the Blockchain technology to the world, but not more. So, I don't believe BTC will remain as valuable asset for long-term. When the hype is over, a crash is expected any time!

Lol. What hype are you talking about? If bitcoin was hype we could have touch $100K today. I don't think that you truly understand the idea behind bitcoin or crypto for that matter. I suggest you go to back and read Satoshi's Whitepaper and come back here. Its not even touted as asset in the beginning. Satoshi created it for micro payment, P2P application.

The hype that surrounds it is when bitcoin become a Store of Value (SoV), that's why the prices suddenly jumps from < $700 >>> $19K last year. But no matter what the so called hype is over, the price is still good, although we can see that the price has drastically fallen, again if you look at it, from < $700 >>> $6500 is still strong so I don't think that the hype has died down.
hsyncl
Member
**
Offline Offline

Activity: 238
Merit: 10


View Profile WWW
June 17, 2018, 03:10:23 PM
 #47

Definitely below value. Those who are almost mining are working on the cost. Costs will rise even more. At this point, with the self-development of the blockchain system, bitcoin will come to an incredible point. We will all witness this together.

marcosfx
Full Member
***
Offline Offline

Activity: 285
Merit: 100


The Future Of Work


View Profile
June 19, 2018, 09:35:20 AM
 #48

For my opinion it consists of some facts. First is that people don't believe in virtual money and earning them. Second is that governments are scared of it.Crypto can kill national money. Third is concurention on the market for now.

▬▬■ ■ ■▬▬ The Future of Work. Decentralized. ▬▬■ ■ ■▬▬
WhitepaperANN THREADTELEGRAMFACEBOOKTWITTERYOUTUBE
ylnar123
Member
**
Offline Offline

Activity: 308
Merit: 10


View Profile
June 19, 2018, 09:38:38 AM
 #49

For my opinion it consists of some facts. First is that people don't believe in virtual money and earning them. Second is that governments are scared of it.Crypto can kill national money. Third is concurention on the market for now.

In don't think people did not believe in virtual currencies. They only are afraid to put their money on the line where volatility is the risk. Also some government are not afraid of crypto, instead they accept crypto and regulate it to insure the security of the users money.

❤   humancoin   ❤   Join our whitelist!      ❤   humancoin   ❤
██████                   A new era of charity                    ██████
▄ ▄ ▄ ▄▄▄▄▄▄▄  Telegram | Reddit | Medium | Twitter | ANN Thread | Facebook   ▄▄▄▄▄▄▄ ▄ ▄ ▄ ▄
pandanaran
Full Member
***
Offline Offline

Activity: 364
Merit: 100



View Profile
June 19, 2018, 10:06:52 AM
 #50

I understand your speculation. Look at the current market and we are in the red line, it is also because many have not been involved with bitcoin or other crypto, at least now I think bitcoin is still worth it because of some disadvantages owned. I just think users should better understand the potential of bitcoin.

redsun114
Hero Member
*****
Offline Offline

Activity: 980
Merit: 503



View Profile
June 20, 2018, 07:41:59 AM
 #51

Lately we have seen an increased demand for tremendously large blocks of Bitcoin. So much so, that we can't keep up with the volume that people and organizations are requesting. So what are the underlying factors?
One reason is that cryptos, and BTC is king there, are gaining respect with the financial hedgers in Europe, Asia and the United States. We have seen new exchanges opening here and overseas. The SEC has requests from several companies to offer exchange traded funds invested in Bitcoin futures. Hedge funds, investment banks, trust companies and investment advisors are all looking to fill the needs of their top clients. After all, we are all in it for the money.
But go a little deeper and follow the trend that BTC and crypto have taken for the last ten years. They have doubled, most of them, and most likely will continue to do so, according to the BTC pundits. And why not? People love to speculate, and this can be more lucrative than gambling in the stock market or gambling in a casino. And with the liquidity that the exchanges provide, one can go shopping with their Bitcoin card at many shops and online. And quite a few real estate companies now accept BTC as a purchase vehicle.
With all the demand, the mainstream financials wanting to be involved, the acceptance for purchasing goods to homes, and the thrill of the possibility of making a nice return, it certainly seems that BTC and cryptos are tremendously undervalued. Time will tell, the volatility will be there, it won't be boring, and we will be moving into the future, whatever it may be.

You really have some valid points, but with all that you have said, I would not agree that it is really being used or being sort after as much as you have said, when compared to mainstream level of adoption. However, looking at the way things have been turning out, it is obvious that the sentiments going around is not correlating with the current value that we are seeing.

However, it is understandable that this caliber of people that you have mentioned will definitely want to be buying at a very low value to get a better position in the market, so probably we will just add that to the whole equation.

                  ▄▀▀▄▄▄▄▄▄     ▄▄▄
                  ▀▄▄█     ▀▀▀▀█   █
                   █  ▀▄▀▀▀▀▄▄▀▀▄▄▄▀
                  █   █      █   █
                 █    ▀▄    ▄▀    █
                █     ▄▀▀▀▀▀▀▄     █
               █    ▄▀        ▀▄    █
              █   ▄▀            ▀▄   █
█   ▄▀    ▄▀▀▀▀▀▄▀   █▄     █  █  ▀▄▄▀▀▀▀▀▄    ▄▀▀▀▄
█ ▄▀    ▄▀       ▀▄  █ █    █  █  ▄▀       ▀▄  ▀▄
██      █         █  █  ▀▄  █  █  █         █    ▀▄
█ ▀▄    ▀▄       ▄▀  █    █ █  █  ▀▄       ▄▀      █
█   ▀▄    ▀▄▄▄▄▄▀    █     ▀█  █    ▀▄▄▄▄▄▀   ▀▄▄▄▄▀
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
█████████████████████████████████
█████████████████████████████████
█████████████       █████████████
█████████████       █████████████
█████████████       █████████████
███████                   ███████
███████                   ███████
███████                   ███████
█████████████       █████████████
█████████████       █████████████
█████████████       █████████████
█████████████████████████████████
█████████████████████████████████
SWISS
MADE
romero121
Legendary
*
Offline Offline

Activity: 1232
Merit: 1002



View Profile
June 20, 2018, 07:48:23 AM
 #52

If it is undervalued, then this could have never grown to such an extent marking a big change over the financial system of the world. Understanding the underlying goodness of bitcoin is not that easy, to be more evident it needs to be trusted. This is not possible all the time, as it is volatile in its functioning. This at times show bitcoin similar to a bubble and such statements make it go undervalued.

███▄                 ▄███           ▄▄███▀▀█▄▄                   ▄▄█████▄▄           ███▄               ███    ▀██▄             ▄██▀
█████               ▄████       ▄▄████▄█ ██ ████▄▄           ▄▄████▀▀▀▀▀████▄▄       █████              ███      ███           ███
██████             ██████      ▀▀██▄█████▄▄███▄█▀▀▀         ███▀▀         ▀▀███      ███▀██▄            ███       ▀██▄       ▄██▀
███▀███▄         ▄██▀ ███     ███▄▀███▀████████ ████       ███               ███     ███  ███           ███         ███     ███
███  ▀███       ███▀  ███    █████ █████████  █▄▀▀▀▄█     ███                 ███    ███   ▀██▄         ███          ▀██▄ ▄██▀
███    ███▄   ▄███    ███   ▀████▀▄██████▀█████████▀██   ███                   ███   ███     ███        ███            ▀███▀
███     ▀███▄███▀     ███   █▄▄▄▄███  ████████▀███████   ███                   ███   ███      ▀██▄      ███            █████
███       █████       ███   ██▀██████████▀████████████   ███                   ███   ███        ███     ███           ██▀ ▀██
███        ▀█▀        ███    ███████▀████████▀▀▀███▄█     ███                 ███    ███         ▀██▄   ███         ▄██▀   ▀██▄
███                   ███
     █  █▀█████████ ███ ███       ███               ███     ███           ███  ███        ██▀       ▀██
███                   ███
      █████▀▄▄▀█▄██▄▀▀▀▄██         ███▄▄         ▄▄███      ███            ▀██▄███      ▄██▀         ▀██▄
███                   ███
       ▀▀██▄▀▀▄███▀████▀▀           ▀▀████▄▄▄▄▄████▀▀       ███              █████     ███             ███
███                   ███
           ▀▀██████▀▀                   ▀▀█████▀▀           ███               ▀███   ▄██▀               ▀██▄
.
.TRADE, EARN & OWN THE EXCHANGE
.████   WHITEPAPER    FACEBOOK    TWITTER    LINKEDIN    TELEGRAM    CRUNCHBASE   ████
   FREE   TRADING &
ICO LISTING
.SUPERIOR  TO NASDAQ
AND LSE
  US$ 29M  RAISED IN
2 WEEKS
[]
cloudproject
Jr. Member
*
Offline Offline

Activity: 238
Merit: 3

ImmVRse | Disrupting the VR industry


View Profile
June 20, 2018, 08:41:39 AM
 #53

yeah many of people or group want to involved into this currency, they just not looking it in the market value but what will happen in the long term future use, i think the pot will being filled with a huge oppurtunity

●  ❱❱  IMMVRSE | Disrupting the VR Industry  ❱❱  ●
Proud Sponsor of Blockchain 360 at London Tech Week
Fuhre
Full Member
***
Offline Offline

Activity: 406
Merit: 107


View Profile
June 20, 2018, 10:01:22 AM
 #54

Bitcoin in my opinion is all the anger that happened again, and the main price increase which in recent weeks has spurred great interest and investment beginners in the first cryptocurrency in the world. some people see this as a sign that the bitcoin tip is near, but others argue that infant e-money is actually highly undervalued in long-term investments. the current momentum of bitcoin has been filled with boom, apocalypse and speculative predictions.
wulian18
Newbie
*
Offline Offline

Activity: 84
Merit: 0


View Profile
June 20, 2018, 10:11:41 AM
 #55

This can only say that you are an optimist. The development of cryptocurrency has not always been very smooth. This is a challenge to the rights of the country, so this process will be very lengthy and tortuous.
marcosfx
Full Member
***
Offline Offline

Activity: 285
Merit: 100


The Future Of Work


View Profile
June 20, 2018, 10:55:03 AM
 #56

I dont think that Bitcoin demand has increased lately or anytime in the past. It is already overvalued coin and you are thinking that it is undervalued one? I cant really get any explanation from your post here. The demand is very low at this point and if there would have been demand then there would have been real price surges in the crypto market at this time. The market would have already crossed 20K USD value the same way it did last December. That pump was anyway artificial one, an attempt to gain profits and most probably act of whales. I guess what value we are seeing today for BTC is just fine one.

I think that Bitcoin is not overvalued now, maybe in the future it can be real. I trust, that it grows up till the end of this year and in the next too.

▬▬■ ■ ■▬▬ The Future of Work. Decentralized. ▬▬■ ■ ■▬▬
WhitepaperANN THREADTELEGRAMFACEBOOKTWITTERYOUTUBE
clickerz
Hero Member
*****
Offline Offline

Activity: 966
Merit: 500



View Profile WWW
June 20, 2018, 10:58:37 AM
 #57

For my opinion it consists of some facts. First is that people don't believe in virtual money and earning them. Second is that governments are scared of it.Crypto can kill national money. Third is concurention on the market for now.

There are so many negative news now which affects its price. Recently is the bithumb exchanges hacking news where in $30 million is lost. Also there are regulations from governments. Though there are many projects right now but still not enough or did not trickle down to ordinary people. Maybe we need several years for people to feel it.

.......PLAY MOBILE GAMES MINE ......
███      CRYPTO-TOKENS EARN REAL MONEY      ███
                    ▄▄██▄▄
                ▄▄██████████▄▄
            ▄▄███████▀▀▀████████▄
         ▄███████▀▀        ▀███████▄▄
     ▄▄███████▀      ▄▄▄▄      ▀███████▄▄
     ███████▄      ▒███████▄▄     ▀▀█████
      ▀▀███████▄▄     ▀▀███████▄▄     ▀▀█
          ▀▀███████▄▄     ▀▀███████▄
     ██▄      ▀███████▄▄      ▀████████▄
    ▐█████▄▄      ▀███████▄▄      ▀██████
      ▀███████▄▄     ▀▀███████▄▄     ▀▀██
         ▀▀███████▄▄     ▀▀███████▄▄
    ▐█▄▄     ▀▀███████▄      ▀▀███████▄▄
    ▐█████▄      ▀████████▄      ▀███████
     ▀███████▄▄      ▀█▀▀      ▄████████▀
         ▀███████▄▄        ▄▄███████▀
            ▀▀███████▄▄▄▄███████▀▀
                ▀▀██████████▀▀
                    ▀▀██▀▀
.
     
        █░████████████████████   █░████████████████████            ██████░           ██████                  ████░░  ████████████████████  ███░████ ███████░ ███   ░███           
       ██████░░░░░░░░░░░░░░░░    ░██░██░░░░░░░░░░░░░░░           ░████░██░░          ███████░              ██████░░  █████░░░░░░░░░░░░░░   █████░   ██████░  ███   ░██░           
       █████                     ░██░█                          ████░█░█████         █████████            ███████░░  █████                 ███░     ███ ░███ ████ ░███             
       ░░████░░░░░░░░░░░░░███    ░██░█                         █████░   █████        ██████████░         ░██░████░░  █████░░░░░░░░░░░░░█░  ███░     ███  ░███ ░██████             
         ██░█████████████████░█  ░██░█             ███░█     ░█████      █████░      █████ ████░█      ██████ ███░░  ██████████████████░░                                         
                          █████  ░██░█             █████    █░██░█        ░░████     █████  █░████   ░█████   ███░░  █████                                                         
                          █░███  ░██░█             ░████   ██████          ░█████    █████   ░██████████░█    ███░░  █████                                                         
        ██████████████████░████  ███████████████████████ ░█████              ██████  █████     █░███████░     ███░░  ████████████████████                                         
       ░██████████████████████    █░████████████████░█░ ██████                ██████ █████      ░██████       ███░░  ████████████████████ 
.

▄▀▀▀▀▀▀▀▀▀▀▀▄
█   ▄▄▄▄▄▄   ██▄
█  ▓▓▓▓▓▓▓▌  ████▄
█  ▓▓▓▓▓▓▓▌  ███████▄
█  ▓▓▓▓▓▓▓▌  ▐▓███████▄
█              ▀▀▀▀▀▀▀▀█
█  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  █
█                      █
█  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  █
█  ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄  █
█                      █
█  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  █
█                      █
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.

                              ▄████▄
                        ▄▄█████▀▀███
                    ▄▄████▀▀     ███
              ▄▄▄████▀▀    ▄▄   ▐██
          ▄▄█████▀       ▄█▀    ██▌
     ▄▄████▀▀▀       ▄███▀      ██▌
    ████▀        ▄▄████▀       ▐██
     ██████▄▄  ▄█████▀         ██▌
          ▀████████           ▐██
            ▀████▌            ███
             ▀███  ▄██▄▄     ▐██▀
              ███▄███▀███▄   ███
              ▀███▀▀   ▀▀███▄██▌
                          ▀▀█▀▀
magneto
Hero Member
*****
Offline Offline

Activity: 770
Merit: 569


View Profile
June 20, 2018, 08:10:15 PM
 #58

I think that we are yet to see the most adoption happening with bitcoin. Bitcoin has by no means peaked in popularity or adoption over the long term, in my opinion, unlike some users who think otherwise.

The fact that a lot of new financial institutions are now involved in bitcoin trading, or integrating bitcoin into their services is only a taste of what to come. We don't see bitcoin being integrated into day to day commerce or banking either at the moment, which I think will start happening as adoption increases. There are no signs of adoption slowing down, and as adoption grows, demand for BTC grows.

Also, toss in the fact that we're literally near the bottom of a bear market, all means that BTC is still undervalued if looked at in a long term perspective.

bocyaj
Sr. Member
****
Offline Offline

Activity: 728
Merit: 257


View Profile
June 20, 2018, 08:21:54 PM
 #59

I think that we are yet to see the most adoption happening with bitcoin. Bitcoin has by no means peaked in popularity or adoption over the long term, in my opinion, unlike some users who think otherwise.

The fact that a lot of new financial institutions are now involved in bitcoin trading, or integrating bitcoin into their services is only a taste of what to come. We don't see bitcoin being integrated into day to day commerce or banking either at the moment, which I think will start happening as adoption increases. There are no signs of adoption slowing down, and as adoption grows, demand for BTC grows.

Also, toss in the fact that we're literally near the bottom of a bear market, all means that BTC is still undervalued if looked at in a long term perspective.

Now most of the new people started to adopt the Bitcoin technology irrespective of price.Some of the investor at high get worry ,when the price is reduced to low.The price is reduced from 19,000 to 6700$.Hence  some may consider Bitcoin as tremendously undervalued.
Morgann
Full Member
***
Offline Offline

Activity: 420
Merit: 100


When Football meets Crypto


View Profile
June 20, 2018, 08:23:54 PM
 #60

Bitcoin is the most overpriced and expensive asset in the world that does not have any utility or application. The only good thing about Bitcoin is that Bitcoin achieved to present the Blockchain technology to the world, but not more. So, I don't believe BTC will remain as valuable asset for long-term. When the hype is over, a crash is expected any time!

Bitcoin will be remaining as a valuable asset even in the future because most of the people today in the community are still interested about cryptocurrency and we can expect for higher prices of bitcoins even more in the future.

Pages: « 1 2 [3] 4 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!