JP Morgan believes Bitcoin is Overpriced

[Reatim]

Definitely overvalued 

Bitcoin ain’t backed by anything only hype 

You have posted severally here in this thread and obviously you are anti Bitcoin , so Mind if you share which Altcoin is best to purchase since bitcoin isn't that good for you?
will be much appreciated if you do share thanks.

One man's food is another man's poison, as commonly said. I don't know or ever believed Bitcoin is overpriced, the English self weak me and I am wondering what comes about all this overprice of a thing in the first place for people like me I know I will witness Bitcoin at $60k and won't regret any thing

Yes it is, because even though JP Morgan releases this statement yet Bitcoin price is holding above 50k means what? this isn't overvalued ?

[yazher]

They always have their two cents with bitcoins. of course, it's not, the more the price the more we see good news about it. Their comments won't add anything at all especially those critics who don't have anything good to say about bitcoins. The price will continue to rise from now on after a few declines because we are not on the same boat as we are in the past. things are working out with bitcoins nowadays from a county that implement it to some of the known companies who wanted to innovate their services with it.

[DeathAngel]

Don’t trust what big corps say regarding investments, especially financial ones. They don’t care about you, they don’t want the little guys to do well. 

[ALLON2017]

Don’t trust what big corps say regarding investments, especially financial ones. They don’t care about you, they don’t want the little guys to do well. 

Jpmorgan has to keep credibility in check, they’re right Bitcoin is overvalued,

[7788bitcoin]

Don’t trust what big corps say regarding investments, especially financial ones. They don’t care about you, they don’t want the little guys to do well. 

These firms will create fear to the normal investor and they take advantage of the situation they created. JP Morgan is notorious for doing this for a long time and we are still discussing what he is telling every month and there is no point in talking about him as he will always say one thing and behind the scene will invest in them.

We should start ignoring people like these to have a say in the cryptocurrency space.

[Chato1977]

Don’t trust what big corps say regarding investments, especially financial ones. They don’t care about you, they don’t want the little guys to do well. 

100% on this, they will always find way to discourage the increasing market of crypto just to favor their interest .
they will never let us rich unless they will be the first.

Thanks for this enlightenment mate very worth to believe .

[songchunlai]

Bitcoin's benchmark is the sum of global wealth. That is, the value of 1 Bitcoin is 1/21,000,000 of human wealth. So this is still far from reaching the design goal.

[m2017]

JP Morgan analysts say bitcoin's most probable price outcome is to never hit 100k as it is terribly overpriced.  JPMorgan Chase & Co. strategists recently released a report where they mention that Bitcoins's price is overpriced and for it to hit the 100k mark it would need to have volatility decreased. They point out that Bitcoin is now being traded above 60k but the true price for Bitcoin should be $35k.

What do you guys think about this?

 

I suppose that the Bitcoin is really overpriced and the reason for this may be the economic situation in the US and in the world in general. Just look at the stock market. There you will also see an overheated market. There is nothing surprising in this. These are the consequences of printing and distributing unsecured money. You've probably heard about this more than once already.

[Sled]

Like them and for those who never support and hate Bitcoin will simply think it was overpriced and tend to discourage people by investing in this. Not new to this issue and they found it wrong.

The more they talk negatively about Bitcoin, the more it increases interest and demand from the community. It was likely it helps to build curiosity and turn to trust.

But for now, I don't stop assuming that JP Morgan has also invested in Bitcoin. Many rich people got this and they just keep it silent and anonymous as their plan to manipulate the market by simply throwing negative to dump the market price and take advantage of them.

[Mahanton]

Like them and for those who never support and hate Bitcoin will simply think it was overpriced and tend to discourage people by investing in this. Not new to this issue and they found it wrong.

The more they talk negatively about Bitcoin, the more it increases interest and demand from the community. It was likely it helps to build curiosity and turn to trust.

But for now, I don't stop assuming that JP Morgan has also invested in Bitcoin. Many rich people got this and they just keep it silent and anonymous as their plan to manipulate the market by simply throwing negative to dump the market price and take advantage of them.

Some of them turns or looks to be bearish but on the fact they are secretly accumulating behind the curtains which do really sucks big time because even we do say that we shouldnt really take notice of these sentiments but there are noobs or new to this market do really make out such bad impression whenever they do possible read this up thats why we should really make out our own decisions basing on what we are seeing on the market.
We do able to identify out that theres so much potential into this place or thing.SO theres no need to worry honestly.

[Slow death]

Bitcoin's benchmark is the sum of global wealth. That is, the value of 1 Bitcoin is 1/21,000,000 of human wealth. So this is still far from reaching the design goal.

don't overdo it, bitcoin that's not all you're saying


well about the price of $35000, i don't know how these analysts got to that price so it's hard to try to disprove them, but in my opinion i think it's exaggerated, the price could be were at some level much higher than $35000

[YinShuiSiYuan]

Bitcoin's benchmark is the sum of global wealth. That is, the value of 1 Bitcoin is 1/21,000,000 of human wealth. So this is still far from reaching the design goal.

don't overdo it, bitcoin that's not all you're saying


well about the price of $35000, i don't know how these analysts got to that price so it's hard to try to disprove them, but in my opinion i think it's exaggerated, the price could be were at some level much higher than $35000

When specialists from JPMorgan announce something like this, they do it not so that other investors earn, but so that they themselves can earn on it. In my opinion, they were planning a large Bitcoin purchase and did not want to raise the price too much or just wanted to lower the price to buy cheaper.
JPMorgan's news about Bitcoin has not yet come true, and it is rather the opposite of what they announce.

[Easteregg69]

Totally agree useless coin with ridiculous high fees

Then why you are here on this forum btw or in the first place?

High fees you do say? Check out https://mempool.space/

Low priority
1 sat/vB
$0.08

Medium priority
1 sat/vB
$0.08

High priority
1 sat/vB
$0.08

You should checked out first before making some comments.

I don't pay fees when I send wrapped BTC on Tron.

So sometimes I buy one Satoshi for the fun of it. Also no fee's on swap. And it has close to no minimums.

Stake and vote for SR pays.

[macson]

i still remember there was news that said that the price of bitcoin at $50k was too high and would never be able to pass it again but in fact it wasn't.  i appreciate all the predictions but the current bitcoin price i'm sure it's still not much, bitcoin will pass $100k.

[Easteregg69]

Don’t trust what big corps say regarding investments, especially financial ones. They don’t care about you, they don’t want the little guys to do well. 

Jpmorgan has to keep credibility in check, they’re right Bitcoin is overvalued,

Get some perpetual on and buy at any price.

[YinShuiSiYuan]

i still remember there was news that said that the price of bitcoin at $50k was too high and would never be able to pass it again but in fact it wasn't.  i appreciate all the predictions but the current bitcoin price i'm sure it's still not much, bitcoin will pass $100k.

Bitcoin's price is definitely not overpriced, and JPMorgan simply arrange a game with investors.
I also think that the price of $100K will be achieved by Bitcoin very easy, and I think even that it will be much higher.
Since the popularity and adoption of Bitcoin are still growing, this is quite normal that with limited supply the price must grow. JPMorgan know that very well and they simply are joking.

[virasog]

Don’t trust what big corps say regarding investments, especially financial ones. They don’t care about you, they don’t want the little guys to do well. 

People like Jp Morgan only care about themselves and their wealth. They have no interest in the public. They often come up with these statements to remain popular in the public and also this make them feel good when people are talking about them.
Simple answer to them is that bitcoin is not over-priced because it has fixed supply.

[Nutrient]

With JP Morgan, I believe there’s a conflict of interest. Even if his analysis is right, which I still doubt, I won’t still believe him completely. For me, this is just a speculation.

[Kimonoe]

Don’t trust what big corps say regarding investments, especially financial ones. They don’t care about you, they don’t want the little guys to do well. 

People like Jp Morgan only care about themselves and their wealth. They have no interest in the public. They often come up with these statements to remain popular in the public and also this make them feel good when people are talking about them.
Simple answer to them is that bitcoin is not over-priced because it has fixed supply.

as long as there are those who want to buy and as long as there are those who want to sell, then price volatility will form. when demand is high and supply is low, the higher the price is unavoidable, because there are still people who want to buy at that price. people may assume, but the strength of practice in the field will answer it

[CryptoLex]

JP Morgan analysts say bitcoin's most probable price outcome is to never hit 100k as it is terribly overpriced.  JPMorgan Chase & Co. strategists recently released a report where they mention that Bitcoins's price is overpriced and for it to hit the 100k mark it would need to have volatility decreased. They point out that Bitcoin is now being traded above 60k but the true price for Bitcoin should be $35k.

What do you guys think about this?

 

Me personally think that not only BTC is overpriced, but all markets in general. Although it is pretty easy to see how this is possible. With all the moneyprinting people have to much "money". A few way more then the rest of us ofcourse .

Time will tell what will happen, intrest rates go up markets will crash including BTC, moneyprinting continues, markets will go a little longer higher and then crash even harder. Either way it's No Bueno!