Is Bitcoin currently massively undervalued? - page 2.

d5000

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Quote from: fabiorem on July 26, 2017, 06:10:30 PM

Correct value for bitcoin at this moment is 100k dollars.

It IS undervalued, extremely undervalued, due to ego-fighting between weak effeminated freaks.

I don't think so Wink

It's more: The current use of Bitcoin does not even justify $1000, if you apply the Quantity Theory of Money, like this forum member did (his estimation for a fair price is about $200-250).

But I think all users that bought Bitcoins for more than - let's say - $500 are speculating that in the future there will be a much larger user base. But $100K would be already a order of magnitude where we would need a large portion of the world population using Bitcoin regularly. And I think it's not at all sure that that will occur.

We can do the math: If for the current user base (5-10 million) $250 is the "fair price" according to the QTM, then for a fair $2500 price we would need 50 to 100 million users (currently impossible without advanced scaling features or a massive block size increase to 10 MB or more), and for $100000, 2 to 4 billion.

andrei56

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Quote from: bobitza on July 25, 2017, 11:14:25 AM

Quote from: JL421 on July 25, 2017, 10:34:59 AM

It was undervalued last week but since the 1000$ increase everyone seems happy with the current price it well again maybe because of the splitting in chains but i hope after this splitting is done the price may increase and this time the increase will be straight to 3000$

No, I'm not sure about the future of bitcoin, however, with the division, the bitcoin value will be reduced, with two different currencies, bitcoin only half the value. That is what makes me nervous.

Do not worry bitcoin cash is not really a threat to bitcoin, bitcoin is going to keep most of its value, but as soon as that altcoin disappears the full potential of bitcoin is going to be unveiled to the world and I think we are bound to see a huge increase in the price after that.

fabiorem

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Correct value for bitcoin at this moment is 100k dollars.

It IS undervalued, extremely undervalued, due to ego-fighting between weak effeminated freaks.

andrei56

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Quote from: MakingBank on July 23, 2017, 10:41:19 AM

Maybe in 10 years people will say ' I wish I invested in bitcoin back in 2017' Tongue

I will take off the ‘maybe’, people are going to regret not investing at this moment or any moment prior to this date, bitcoin seems that is going to do very well in the future, I expect that the price will hit 5 figures in the next 10 years, and maybe even sooner than that.

bobitza

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Quote from: JL421 on July 25, 2017, 10:34:59 AM

It was undervalued last week but since the 1000$ increase everyone seems happy with the current price it well again maybe because of the splitting in chains but i hope after this splitting is done the price may increase and this time the increase will be straight to 3000$

No, I'm not sure about the future of bitcoin, however, with the division, the bitcoin value will be reduced, with two different currencies, bitcoin only half the value. That is what makes me nervous.

JL421

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It was undervalued last week but since the 1000$ increase everyone seems happy with the current price it well again maybe because of the splitting in chains but i hope after this splitting is done the price may increase and this time the increase will be straight to 3000$

justspare

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Quote from: cryptohorsee on July 23, 2017, 01:18:21 PM

No it isn't we need fresh blood in crypto to get gainz. But after all this mess with segwit, normal ppl are scared

Fresh blood is coming by split change. Means after 1 Aug. everything will be change in bitcoin. As you know that in crypto currency there is just only one currency which is pure trusted? Maintain image since years. So now they are changing something like everything will be change after 1 August some of example are given below like fast transaction and high speed confirmation what do you need more.

HasHe

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Yes bitcoin deserves more price than what it is today.I would say that no body could exactly say that how much high bitcoin price would go.So even after some years,it would be still said that bitcoin is under valued.It deserves more,might be a million dollar in future.

Slark

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Quote from: 1Referee on July 24, 2017, 04:26:06 AM

Quote from: Amph on July 24, 2017, 03:56:19 AM

actually i think that with amazon alone accepting it, we might already see 50k or around that

Are we back in 2013-2014 where people were connecting merchant adoption with price increases?

Merchants adoption was and always will be a motor behind price increase, a key company like Amazon would make a huge impact on bitcoin.
Potential Amazon adoption would bolster the confidence in Bitcoin market, it would send a clear message that bitcoin is legit and good enough to be embraced by leading e-commerce platform.

Quote from: Amph on July 24, 2017, 03:56:19 AM

any thing that is so unstable is unervalued in my view, with greater adoption come also stability

To certain degree this is correct, more users will minimise volatility slightly, but I am afraid that bitcoin due to its decentralized nature would never be as stable as centrally controlled monetary systems.

tittensor

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Quote from: Pleione527 on July 24, 2017, 01:07:52 AM

Maybe the reason why the value of bitcoin fluctuates from time to time is because it's value was not set properly, yes maybe undervalued...since the bitcoin started it's equivalent value increase tremendously there might some time that it goes down but afterwards goes up again....in later time I think it will raise to $5000...

In long time, target $5000 with Bitcoin very easy, potential of Bitcoin can't stop with this price. But in short time, Bitcoin need improve system blockchain first if want have more user and increasing the price in future. Because if just increasing the price of Bitcoin, blockchain network Bitcoin will always have error and congestion system.

1Referee

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Quote from: Amph on July 24, 2017, 03:56:19 AM

any thing that is so unstable is unervalued in my view

Not really. Unstable in most cases means that the market in question is lacking serious liquidity, plus it's facing several obstacles that it needs to overcome. Bitcoin fits perfectly in that category.

Quote from: Amph on July 24, 2017, 03:56:19 AM

with greater adoption come also stability

I doubt that, unless we see institutions come on board and totally dominate this market from top to bottom. If you look closely at how the market has been growing, but the volatility remained identical to how it was years and years ago, you'll see that nothing has changed in that regard. Greater adoption not always means more stability.

Quote from: Amph on July 24, 2017, 03:56:19 AM

so as long as you see current swings on the market that seems that might kill bitcoin, you know that we are still far away from the real value of bitcoin

That's top notch noob logic.

Quote from: Amph on July 24, 2017, 03:56:19 AM

actually i think that with amazon alone accepting it, we might already see 50k or around that

Are we back in 2013-2014 where people were connecting merchant adoption with price increases?

Amph

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any thing that is so unstable is unervalued in my view, with greater adoption come also stability, so as long as you see current swings on the market that seems that might kill bitcoin, you know that we are still far away from the real value of bitcoin

real value of bitcoin will without any doubt be in the range of 100k-1M when real adoption kick in, with many country supporting bitcoin, actually i think that with amazon alone accepting it, we might already see 50k or around that

n691309

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Quote from: tiggytomb on July 24, 2017, 02:48:21 AM

I think so, once we get over this year with August and November out of the way and we have bitcoin running smoothly I think we will see a big move in 2018.

I want to foresee beyond 2018 also.
When we are taking total bitcoins and total world population and their spending and saving capabilities into consideration of bitcoin price estimations, we can be sure bitcoin is still massively undervalued just due to lack of awareness and popularity. But we cannot expect bitcoin to race at 200mph from the starting point, we must give it enough cooling period to get established.

These kind of BIP will keep on coming almost every year here after and I believe investors and traders will get practice to it so that bitcoin will continue its journey to attain its "original" value as early as possible, still it may need centuries too.

BitcoinGirl.Club

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Farewell LEO: o_e_l_e_o

For a small community using bitcoin I think it's valued correctly.
We could have said its undervalued had it been used by half the population of the world or something, let us not forget price is usually affected by supply and demand and right now demand is not enough to take prices to the moon .

tiggytomb

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I think so, once we get over this year with August and November out of the way and we have bitcoin running smoothly I think we will see a big move in 2018.

ASHLIUSZ

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Maybe just because of the FUD spreading bitcoin might be undervalued by few users. The growth of the token has been counting high and providing users with the best profitability. At times the price crash make users think in such a manner and undervalue it. Recently the Eth price increase too made people to undervalue the token. This is due to lack of trust over the asset.

Pleione527

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Maybe the reason why the value of bitcoin fluctuates from time to time is because it's value was not set properly, yes maybe undervalued...since the bitcoin started it's equivalent value increase tremendously there might some time that it goes down but afterwards goes up again....in later time I think it will raise to $5000...

danherbias07

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Well there is no one who is getting the trust value of bitcoin from users so we dont know about that.
If only we could question all of the users then maybe this could answer the question.
In my opinion, there is this "doubt" that is still within the users.
Okay we are holding but we are not buying more until this all ends. Somehow I think, that could be the reason for the steady price of it.

Trela

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Quote from: Clavulanic on July 23, 2017, 10:17:11 PM

Quote from: MakingBank on July 23, 2017, 10:41:19 AM

Maybe in 10 years people will say ' I wish I invested in bitcoin back in 2017' Tongue

Absolutely those people will be wanting bitcoin investments and they'll regret the neglections of opportunities that they had from previous 10 years passed. Some hated bitcoins because they thought in a wrong perceptions that it's a scam, but to think it in reality and as you observe the actual drive of digital currency to the society has walked through profitable investments nowadays.

Depending the time you starting invest, as when you choose 2015 is base long term, you will have safe point and not need fearing the price of Bitcoin decreasing. But if you choose the price in current is base to long term, your mentality will always fearing by Segwit2x!

Bitcoinaire

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Quote from: Tmdz on July 23, 2017, 10:25:27 PM

Quote from: Clavulanic on July 23, 2017, 10:17:11 PM

Quote from: MakingBank on July 23, 2017, 10:41:19 AM

Maybe in 10 years people will say ' I wish I invested in bitcoin back in 2017' Tongue

Absolutely those people will be wanting bitcoin investments and they'll regret the neglections of opportunities that they had from previous 10 years passed.

It is never too late to get into bitcoin.

When it went $100 people thought it was expensive
When it went $300 people thought it was expensive
When it went $500 people thought it was expensive
When it went $800 people thought it was expensive
When it went $1000 people thought it was expensive
When it was valued more than GOLD they thought it was insanely over priced

and today it is just under $2800 in which people consider it undervalued

So it seems we have move from the opinion that Cryptocurrency is a "fad" to this oh shit crypto is the future.

Yep, buy and hold is the way to go for the majority of folks. Its worked out beautifully for long term holdlers and the price will be MUCH higher with the next halving in 2020.

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