Unnatural Bitcoin Price Growth Cannot Be Sustained Indefinitely - page 2.

Kprawn

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The rapid price growth will not go on indefinitely... This comes as a direct response from different things going on at the same time... The ETH pumpers are running back to Bitcoin. Roll Eyes

.. and the

coming Halving creating a speculative environment for the Chinese markets. Things will go back to normal after the Halving happened, IF there are not other external environmental things pushing it

any further. We will once again see a more stable Bitcoin price, at around $500.. anyone want to quote me on that?

crazyivan

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We ve seen this kind of growth before and we all know what happened. So, this growth, this fast, lots of pumping for sure.

On the other hand, I think BTC can reach $1.5k by the end of next year.

Yakamoto

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I'm going to focus more on the original comment; the growth of the value of Bitcoin definitely cannot be sustained indefinitely.

Addressing the questions posed by OP;

Bitcoin should be having infrastructure and services designed around a larger userbase now rather than later, as procrastination will only turn away potential users due to inaccessibility.

traderbit

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On that article is not specified how much does a bitcoin really worth, but i think that it is not undervalued much as it is keeping increasing day to day. If bitcoin is undervalued then how much worth based on your/their opinions.

OnkelPaul

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The recent price movement is most likely triggered by anticipation of the upcoming mining reward halving.
I suspect that at least some part of the rise is caused by deliberate pumping activity (probably by miners who need to make sure that their mining rewards are sufficient to keep their operation running even after the halving). The risk with such a pumped exchange rate is that it can't be sustained, but in this case the pumpers don't have an incentive to become dumpers after the price rise, so it might stay around $700-$800 for a while. I don't really expect a true "to-da-moon" development, but as market participants are irrational humans, it may happen anyway... In that case, a hard drop is probably inevitable, but most likely it will fall to current levels, not much lower.

Onkel Paul

kik1977

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Quote from: pedrog on June 17, 2016, 08:21:08 AM

3 transactions per second...

I don't see how it is undervalued.

It depends. Are those transactions people using or hoarding bitcoins? My feeling is that many people are simply buy for trading and will soon dump all their coins at the right price or at the sign of a downward trend.

log2exp

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It's relative term regard the growth is "unnatural" whatnot. Do you know how fast is the fiat press printing going? It seems perfect normal growth according to the current value.

Amph

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unnatural price growth really? the dump that happened before that(the big dump from 1200 to 200) was much more unnatural to me, bitcoin should remain at least at 1k in value no less

there is no reason for bitcoin to remain at such ridiculous low level(<400-500)

amacar2

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Bitcoin price has been pumped so quickly this week but suprising thing is that we haven't seen much dip or dump like before whenever there was huge pump. If we remember price been pumping from november last year from 200-300$ range. So compared to that we are doubled and this can be consideered as good and reasonable price considering upcoming halving.

New news which can fuel this price run can be current DAO network hacked and more than 2 million eth is in hacker wallet.

RodeoX

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I do not think bitcoin is undervalued and I have good reason to think so.
Every moment of every day all over the world people are buying and selling at the exchanges. Anyone of us could ask for any price but if you chose a price above the market valuation then nobody is going to buy from you. That is because the price decided by the market is the fairest price and should be considered the "real" price. If a person's opinion is that bitcoins are undervalued then it is only their opinion and has no relationship to the actual market forces. So the value of a bitcoin is what others will pay for it. Not what we wish they would pay or what we think they should pay, what they will actually pay.

densuj

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It is time for sell all of my bitcoin, because the price of bitcoin will going down soon if i looked last halving block.

ABCbits

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Quote from: Snorek on June 17, 2016, 03:55:35 AM

And here is my question. Do you think that bitcoin is undervalued, but we should wait for larger scale adoption, develop infrastructure and services around it first, before pushing it?

I think we should develop infrastructure first and develop service before spread words about bitcoin.
If bitcoin infrastructure (block size, lightning network and many more) isn't ready, people will be disappointing with bitcoin and won't use bitcoin ever.

Quote from: Snorek on June 17, 2016, 03:55:35 AM

Bitcoin is undervalued, so it is perfectly fine as it is now and all we need is higher price to push it to the next level and adoption, recognition and userbase will come with it?

I think higher price can't help to push to the next level and adoption, recognition and userbase.
It only makes more investor or traders interested with bitcoin.

ekoice

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yeah some how this bitcoin today's price is overvalued and unnatural and every one must be scared of the time when people might start selling their bitcoins so that moment prices might get down which is not good so unnatural bitcoins price growth cannot be sustained indefinitely.

justdimin

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I don't see bitcoin as something undervalued, to be honest. I think the current value is just enough to accommodate the number of transactions being held and the number of users using bitcoin. It's just the fact that when bitcoin's value needs to grow, it would need bigger investors and more and more coins are being held and not into active circulation.

aso118

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Quote from: Daniel91 on June 17, 2016, 09:14:25 AM

Bitcoin History tells us that this growth is not sustainable.
There were a lot of ups and downs in the value of Bitcoin, and such trend will continue because it is inevitable.
It's nature of any market, that value always depend of supply and demand.
When demand decrease we will see decline in the value of Bitcoin.

History tells us that there are periods when rapid price increases have taken Bitcoin to new levels.
From crossing $1 to crossing $100, there have been several landmarks.
Whether the current run will result in a new landmark is debatable.

alyssa85

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Quote from: Wendigo on June 17, 2016, 04:40:51 AM

I think a lot of people are using Bitcoin as a store of their wealth and not as a digital currency and that's why we are seeing such abnormal jumps in the price.

Yes - the consensus now is that bitcoin is an asset not a currency, and as a result it is behaving very similarly to gold.

Daniel91

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Bitcoin History tells us that this growth is not sustainable.
There were a lot of ups and downs in the value of Bitcoin, and such trend will continue because it is inevitable.
It's nature of any market, that value always depend of supply and demand.
When demand decrease we will see decline in the value of Bitcoin.

talkbitcoin

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Quote from: Snorek on June 17, 2016, 03:55:35 AM

"Bitcoin is still undervalued by quite a margin, but we should not run the marathon before we can take our first steps either."

That is the main thought of this article: http://www.newsbtc.com/2016/06/13/unnatural-bitcoin-price-growth-cannot-sustained-indefinitely/

And here is my question. Do you think that bitcoin is undervalued, but we should wait for larger scale adoption, develop infrastructure and services around it first, before pushing it?

or

Bitcoin is undervalued, so it is perfectly fine as it is now and all we need is higher price to push it to the next level and adoption, recognition and userbase will come with it?

bitcoin is surely undervalued , and there is no argument there.

but this doesn't meant that the bitcoin is ready to have this much value right now and the current price rise is not because of adoption. so it needs a bit longer to reach that stage and have the real price rise because of adoption.

Carlsen

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At the moment, the rapid increase of bitcoin makes me worry a little.
That quick growth can not be sustainable.
I think it's a bubble that will implode soon (halving day).

pedrog

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3 transactions per second...

I don't see how it is undervalued.

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