JP Morgan believes Bitcoin is Overpriced

tiCeR

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Quote from: bishopcrypto on November 30, 2021, 09:21:05 AM

I am old enough to remember when JPM told everyone ZERO was the right price.

That's exactly what I was thinking. You really can't assume that JP always values normal currencies or companies correctly. Self-interest always plays a role here, too. JP probably also simply does not want BtC to have the corresponding value.

perfect999

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Quote from: wissy on November 30, 2021, 02:26:06 AM

I am surprised that they value BTC so high as 35k$, for me, this is a bullish sign. Keep in mind, that they didn’t want to have anything with BTC back in 2017 and it still reached 20k, now they actually acknowledge it, they somehow value it just 15k$ more.
For me they are full of crap and probably trying to lower the price so they can jump in before it gets too high, we all know crypto doesn’t follow classic and predictable movement.

I am already fed up with seeing stories like this where some analysts will be telling me that Bitcoin is worth more than what it should be. If Bitcoin isn’t meant to be worth what it is right now, then why is it still at that value and has even remained stable at that rate without falling? Majority of us, including me, have thought that by now the price of bitcoin would have gone down.

I was thinking that by now the price of bitcoin be as low as $25000, instead the price has kept moving up and has still maintained its high value of over $50,000 and sometimes $60,000. So if a lot of feared it would drop, but it still never did, then tell me why anyone would say that it should be worth less than that?

oHnK

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Quote from: Mahanton on November 29, 2021, 03:40:30 PM

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.

People who have panicked because of their lack of experience in the crypto market only make rash decisions by selling their assets, while on the other hand, people who understand investing and are already rich with their investment returns take the opportunity and opportunity for panic prices. What to avoid ya FOMO. News like this is normal, and I don't think it's fundamental as anyone can assume.

bishopcrypto

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I am old enough to remember when JPM told everyone ZERO was the right price.

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Quote from: wissy on November 30, 2021, 02:26:06 AM

Quote from: Blawpaw on November 04, 2021, 07:53:27 AM

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 am surprised that they value BTC so high as 35k$,

No they are not valuing bitcoin so high at 35k instead JP Morgan think that 35k is the legit price of bitcoin now and not that 50-60k .

Quote

for me, this is a bullish sign. Keep in mind, that they didn’t want to have anything with BTC back in 2017 and it still reached 20k,

Who are they? for Bitcoin Holder and believer there is nothing impossible to achieve , and if you are pointing to those who oppose? then expect nothing from them but negativity .

Quote

now they actually acknowledge it, they somehow value it just 15k$ more.
For me they are full of crap and probably trying to lower the price so they can jump in before it gets too high, we all know crypto doesn’t follow classic and predictable movement.

actually i believe that those people are the one who wanted bitcoin price to drop so they can purchase in discounted value .

wissy

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Quote from: Blawpaw on November 04, 2021, 07:53:27 AM

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 am surprised that they value BTC so high as 35k$, for me, this is a bullish sign. Keep in mind, that they didn’t want to have anything with BTC back in 2017 and it still reached 20k, now they actually acknowledge it, they somehow value it just 15k$ more.
For me they are full of crap and probably trying to lower the price so they can jump in before it gets too high, we all know crypto doesn’t follow classic and predictable movement.

CryptoLex

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Quote from: Blawpaw on November 04, 2021, 07:53:27 AM

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!

Kimonoe

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Quote from: virasog on November 30, 2021, 12:48:01 AM

Quote from: DeathAngel on November 25, 2021, 08:32:34 AM

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

Nutrient

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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.

virasog

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Quote from: DeathAngel on November 25, 2021, 08:32:34 AM

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.

YinShuiSiYuan

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Quote from: macson on November 29, 2021, 06:39:27 PM

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.

Easteregg69

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Quote from: ALLON2017 on November 25, 2021, 05:40:28 PM

Quote from: DeathAngel on November 25, 2021, 08:32:34 AM

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.

macson

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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

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Quote from: Hamphser on November 17, 2021, 06:42:27 PM

Quote from: ALLON2017 on November 17, 2021, 06:38:46 PM

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/

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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.

YinShuiSiYuan

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Quote from: Slow death on November 29, 2021, 06:26:52 PM

Quote from: songchunlai on November 25, 2021, 08:45:36 PM

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.

Slow death

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Quote from: songchunlai on November 25, 2021, 08:45:36 PM

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

Mahanton

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Quote from: Sled on November 29, 2021, 02:40:18 PM

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.

Sled

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Bitcoin- in bullish time

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.

m2017

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Quote from: Blawpaw on November 04, 2021, 07:53:27 AM

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.

songchunlai

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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.

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