Bitcoin Undervalued By Over $200 - page 4.

asrilani

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Quote from: Jistlad on April 30, 2016, 07:36:37 AM

Quote from: 1Referee on April 25, 2016, 04:04:42 AM

Quote from: maku on April 25, 2016, 03:59:49 AM

Quote from: bitdumper on March 30, 2016, 07:07:37 AM

Bitcoin is not backed by anything , so its price is determined by supply and demad .No body can fix it

. Its always right.

We could argue that gold isn't backed by anything either... and so on. Bitcoins have value because they are useful simple as that.

But it seems there is always a problem with determining 'true' value of bitcoin. And I don't think it is $655 or something, like that Bitcoin Investment Trust are trying to tell us.

These companies don't say anything without a reason, they probably have scooped up a lot coins and are now trying to crank up people to think Bitcoin is currently undervalued, which isn't the case. That's why I always do my own research.

Bank of America already said bitcoin was worth $1200 in 2013. So the bitcoin is undervalued by $800.

That is good to know. I think I will buy some bitcoin and hold it for the long term. I might sell when the price is $3000.

Jistlad

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Quote from: 1Referee on April 25, 2016, 04:04:42 AM

Quote from: maku on April 25, 2016, 03:59:49 AM

Quote from: bitdumper on March 30, 2016, 07:07:37 AM

Bitcoin is not backed by anything , so its price is determined by supply and demad .No body can fix it

. Its always right.

We could argue that gold isn't backed by anything either... and so on. Bitcoins have value because they are useful simple as that.

But it seems there is always a problem with determining 'true' value of bitcoin. And I don't think it is $655 or something, like that Bitcoin Investment Trust are trying to tell us.

These companies don't say anything without a reason, they probably have scooped up a lot coins and are now trying to crank up people to think Bitcoin is currently undervalued, which isn't the case. That's why I always do my own research.

Bank of America already said bitcoin was worth $1200 in 2013. So the bitcoin is undervalued by $800.

1Referee

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Quote from: maku on April 25, 2016, 03:59:49 AM

Quote from: bitdumper on March 30, 2016, 07:07:37 AM

Bitcoin is not backed by anything , so its price is determined by supply and demad .No body can fix it

. Its always right.

We could argue that gold isn't backed by anything either... and so on. Bitcoins have value because they are useful simple as that.

But it seems there is always a problem with determining 'true' value of bitcoin. And I don't think it is $655 or something, like that Bitcoin Investment Trust are trying to tell us.

These companies don't say anything without a reason, they probably have scooped up a lot coins and are now trying to crank up people to think Bitcoin is currently undervalued, which isn't the case. That's why I always do my own research.

maku

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Quote from: bitdumper on March 30, 2016, 07:07:37 AM

Bitcoin is not backed by anything , so its price is determined by supply and demad .No body can fix it

. Its always right.

We could argue that gold isn't backed by anything either... and so on. Bitcoins have value because they are useful simple as that.

But it seems there is always a problem with determining 'true' value of bitcoin. And I don't think it is $655 or something, like that Bitcoin Investment Trust are trying to tell us.

Yadamosan

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Quote from: asrilani on April 16, 2016, 06:27:51 AM

Quote from: Swisk on April 15, 2016, 01:54:12 PM

Quote from: asrilani on April 07, 2016, 10:49:46 AM

Quote from: ~Bitcoin~ link=topic=14od17952.msg14370829#msg14370829 date=1459396252

I also think same as there is no reason for bitcoin to be at 400 mark before upcoming halving. Bitcoin price is manipuated by whales right now.

One theory is that the bitcoin is held down by the miners. The miners have already presold the coin they could mine.

Why would the miners want to do that though? I mean, they would benefit if the prices went up, right?

The miners borrow the bitcoin, and sell the bitcoin to lock in the profit. They will return the bitcoin using mining.

So after they have presold the bitcoin and can return the bitcoin to the lender, the bitcoin price does not matter any more.

asrilani

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Quote from: Swisk on April 15, 2016, 01:54:12 PM

Quote from: asrilani on April 07, 2016, 10:49:46 AM

Quote from: ~Bitcoin~ link=topic=14od17952.msg14370829#msg14370829 date=1459396252

I also think same as there is no reason for bitcoin to be at 400 mark before upcoming halving. Bitcoin price is manipuated by whales right now.

One theory is that the bitcoin is held down by the miners. The miners have already presold the coin they could mine.

Why would the miners want to do that though? I mean, they would benefit if the prices went up, right?

The miners borrow the bitcoin, and sell the bitcoin to lock in the profit. They will return the bitcoin using mining.

Swisk

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Quote from: asrilani on April 07, 2016, 10:49:46 AM

Quote from: ~Bitcoin~ link=topic=14od17952.msg14370829#msg14370829 date=1459396252

I also think same as there is no reason for bitcoin to be at 400 mark before upcoming halving. Bitcoin price is manipuated by whales right now.

One theory is that the bitcoin is held down by the miners. The miners have already presold the coin they could mine.

Why would the miners want to do that though? I mean, they would benefit if the prices went up, right?

lissandra

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If you think the price of the btc is overvalued, its time to re-adjust the norm.

It means you need to re-think how to earn more to afford btc before it goes even higher.

richardsNY

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At this point the price isn't undervalued at all while the block rewards are still 25 BTC. If the price after the block halving is still around these price levels, then you can say that the price is kinda undervalued.

BitMaxz

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Quote from: rovufarm1 on April 08, 2016, 09:12:05 AM

It's already OVERvalued because it's a digital currency, yadayada. It's already 4000x ish over the market price of when it first started.

I think bitcoin still not over valued even its just a digital currency because of demand and supply the price should be high.. and i think it will increase more in the following year. because we are developing and users are increasing.. thats why bitcoin will bbe more high value.. and i think someday bitcoin will be instinct and the more less supply the higher the value..

asrilani

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But that does not mean it is not undervalued. The Gooogle or the Apple price has risen a lot, but they are still valuable.

rovufarm1

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It's already OVERvalued because it's a digital currency, yadayada. It's already 4000x ish over the market price of when it first started.

asrilani

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Quote from: 0day on April 07, 2016, 12:01:05 PM

Quote from: bitdumper on March 30, 2016, 07:07:37 AM

Bitcoin is not backed by anything , so its price is determined by supply and demad .No body can fix it

. Its always right.

Yeah, I also agree, its price is determined by the supply and demand, when more people will demand about it, the price will increase, and now at this era we are seeing that more people especially online earners are adopting bitcoin on a great scale.

I use bitcoin to buy things and do some trading with other altcoin. I hold most of the bitcon though.

0day

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Quote from: bitdumper on March 30, 2016, 07:07:37 AM

Bitcoin is not backed by anything , so its price is determined by supply and demad .No body can fix it

. Its always right.

Yeah, I also agree, its price is determined by the supply and demand, when more people will demand about it, the price will increase, and now at this era we are seeing that more people especially online earners are adopting bitcoin on a great scale.

asrilani

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Activity: 206

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Quote from: ~Bitcoin~ on March 30, 2016, 10:50:52 PM

I also think same as there is no reason for bitcoin to be at 400 mark before upcoming halving. Bitcoin price is manipuated by whales right now.

One theory is that the bitcoin is held down by the miners. The miners have already presold the coin they could mine.

~Bitcoin~

legendary

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I also think same as there is no reason for bitcoin to be at 400 mark before upcoming halving. Bitcoin price is manipuated by whales right now.

Alley

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Seems like a advertisement for gbtc. Why no mention of just buying bitcoin?

Grillo

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I still believe that BTC will shoot over 1000$ before the end of this year.
Bear market is over for alts, and will be soon over for BTC.

doublemore

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Quote from: the_poet on March 30, 2016, 06:43:43 AM

Interesting valuation and yes, I agree Wink

However I would never buy shares of a bank when I can actually own the real thing.

http://www.coindesk.com/bitcoin-undervalued-200-needham-report/

Yeah i think i agree also. If we do see a move up to $600 this will create much confidence in holders and much panic is people who were holding out for cheaper coins. I reckon there is 1-2 more months before this move.

Oriannaa

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The whole undervalue is a debate on each person on how they see it.

But the overall sense is based on what people are paying for lol. Or else why would we even have that price.

Topic: Bitcoin Undervalued By Over $200 - page 4. (Read 5026 times)