Topic: Unnatural Bitcoin Price Growth Cannot Be Sustained Indefinitely - page 3. (Read 1991 times)
Bitcoin is undervalued as hell, and Bitcoin can perfectly sustain more money coming in, it just means you have to pay an higher fee if you want your transaction to go faster. We are not going to rush things so we end up like ETH with their absolute disaster we have seen today. It's better to make progress in a slow, but solid fashion, than to rush things, so pay the fucking fees and let the coders keep doing a good job.
Bitcoin is considered as an alternate investment option and many people like me are just buying and accumulating. The market cap is increase due to huge buying of bitcoin and that is the primary reason behind the price increase.
However, a group of investors are also traders. So they will soon start to book their profit. Like every other trading currency, bitcoin price will see a sharp drop in price when the mass selling will happen. I too believe that the current price range of $730 is not sustainable.
However, a group of investors are also traders. So they will soon start to book their profit. Like every other trading currency, bitcoin price will see a sharp drop in price when the mass selling will happen. I too believe that the current price range of $730 is not sustainable.
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. If Bitcoin became more popular among consumers I think the price would be less volatile and would have a more stable value. Because everyone is buying a lot of coins due to all the hype surrounding Bitcoin the price is going up but it could come crashing down when people start selling and I don't think this is what we all want. I think Bitcoin is overvalued and underused these days.
"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?
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?
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