What do you think should be the right Bitcoin price as of Februray 2017? - page 2.

RoommateAgreement

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Bazinga!

Quote from: w00t on February 07, 2017, 09:40:25 AM

Hi,
I'm really curious what in your personal opinion the price should be - where do you think we should be in means of adoption and infrastructure.

We currently have price of about $1000 per 1 BTC, do you consider it as about right, overvalued or undervalued in all and all?

Please vote and if possible please explain why you voted in this way below.

Thanks.

i always say bitcoin is so much more valuable than it shows, which means there is always more potential for growth. in other words the current price level of $1000ish is an under-valued price in my opinion which means we should see a rising price for the foreseable future.

and the reason is all about adoption and the fact that there is a very limited supply of coins while there are lots more people on the planet.

rivoke

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Quote from: w00t on February 07, 2017, 09:40:25 AM

Hi,
I'm really curious what in your personal opinion the price should be - where do you think we should be in means of adoption and infrastructure.

We currently have price of about $1000 per 1 BTC, do you consider it as about right, overvalued or undervalued in all and all?

Please vote and if possible please explain why you voted in this way below.

Thanks.

I think it's still undervalue since it may increase until 1200 / btc as we can bitcoin enthusiast increased around the world
Meanwhile more people decide to hold bitcoin because of this event which support bitcoin value

BrewMaster

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There is trouble abrewing

i see most people have voted for the second option, but that option is what bitcoin price "is" not what it "should be", it is possible many misunderstood that.

in my opinion price should have been about $3000 by now, with the rate price was rising, and the adoption.
but things like slow regulations, MtGox fake pump, exchanges getting hacked, so much FUD in media and news about bitcoin and in general showing bitcoin in a negative light, and many more things prevented that by slowing down the rise.

webtricks

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Quote from: w00t on February 07, 2017, 09:40:25 AM

Hi,
I'm really curious what in your personal opinion the price should be - where do you think we should be in means of adoption and infrastructure.

We currently have price of about $1000 per 1 BTC, do you consider it as about right, overvalued or undervalued in all and all?

Please vote and if possible please explain why you voted in this way below.

Thanks.

There is nothing like overvalued, undervalued or right for the prices of securites and investments.
Determination of price is always a fictitious concept! Moreover, bitcoin is a virtual good. Is there any way to determine the intrinsic value of Bitcoin? Indeed no, moreover hardly there exists any intrinsic value of Bitcoin. So price of Bitcoin is detemined by faith of people in currency, demand/supply, etc. So for now, it would be good to remain at $800-1200

jakelyson

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I voted for 800-1200. Considering the current price of bitcoin, I think the price is right where it should be. I just noticed that lately it is moving up steadily. It may reach 1100+ by end of February if it continues its movement. I doubt it will go back to below 900 unless there is a massive dump by whales.

LuanX3

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Quote from: jovs on February 08, 2017, 07:11:08 AM

Quote from: w00t on February 07, 2017, 09:40:25 AM

Hi,
I'm really curious what in your personal opinion the price should be - where do you think we should be in means of adoption and infrastructure.

We currently have price of about $1000 per 1 BTC, do you consider it as about right, overvalued or undervalued in all and all?

Please vote and if possible please explain why you voted in this way below.

Thanks.

I think it would range for about 800USD to 1200 USD as how I see its market. I do believe, it won't go down into 700USD again as what happened in the first week of january. As if now, I don't see any votality because the huge issue in China reagrding bitcoin had been closed. Hence, expect that bitcoin will be consistent is this month, I don't expect any quick pump in this month. Maybe this year, it'll reach 1500 USD since its market are widespreading and it is becoming more popular in terms of online business and transactions.

800 USD is far already and I don't think it will hit that price every again, so we missed the chance of buying it at a low price of 750 USD. Right now bitcoin is bouncing back from a sudden drop and I think it will not drop back below 800 USD but probably at around 950 USD which will be its new floor price.

jovs

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Quote from: w00t on February 07, 2017, 09:40:25 AM

Hi,
I'm really curious what in your personal opinion the price should be - where do you think we should be in means of adoption and infrastructure.

We currently have price of about $1000 per 1 BTC, do you consider it as about right, overvalued or undervalued in all and all?

Please vote and if possible please explain why you voted in this way below.

Thanks.

I think it would range for about 800USD to 1200 USD as how I see its market. I do believe, it won't go down into 700USD again as what happened in the first week of january. As if now, I don't see any votality because the huge issue in China reagrding bitcoin had been closed. Hence, expect that bitcoin will be consistent is this month, I don't expect any quick pump in this month. Maybe this year, it'll reach 1500 USD since its market are widespreading and it is becoming more popular in terms of online business and transactions.

noel2123

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I don't want to expect big now, I just wish that every month the bitcoin price will increase every month because somehow I'm thinking that if this happens every month then the loyal/old users of bitcoin will benefit because until now they using bitcoin so its just a reward for them.

pealr12

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It is so hard to predict where will bitcoin price could go this month,its all in the hands of whales how they will drive the price on thier like. But for me im sure that bitcoin price this month would be 1250$ and down.

warwar

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Quote from: Xester on February 07, 2017, 08:57:20 PM

Quote from: w00t on February 07, 2017, 09:40:25 AM

Hi,
I'm really curious what in your personal opinion the price should be - where do you think we should be in means of adoption and infrastructure.

We currently have price of about $1000 per 1 BTC, do you consider it as about right, overvalued or undervalued in all and all?

Please vote and if possible please explain why you voted in this way below.

Thanks.

The right price for bitcoin this February of 2017 will be $1200. This is my opinion but I believe that by the end of February it will reach that value. Further by March this year it will climb up to 1500$ and so forth. I hope it will move up and there will be no more hindrance that will cause another price deflation.

I think we are so hype about the price of bitcoin because we all know that lately the price is rising and getting bigger so now we do expect at $1200 by the end of the month but i think it is so high though it is possible to get that price but now it will be stable at $1k - $1.1 that is the range and that is my speculation. But it will still pumping but slowly because the price is really high

Xester

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Quote from: w00t on February 07, 2017, 09:40:25 AM

Hi,
I'm really curious what in your personal opinion the price should be - where do you think we should be in means of adoption and infrastructure.

We currently have price of about $1000 per 1 BTC, do you consider it as about right, overvalued or undervalued in all and all?

Please vote and if possible please explain why you voted in this way below.

Thanks.

The right price for bitcoin this February of 2017 will be $1200. This is my opinion but I believe that by the end of February it will reach that value. Further by March this year it will climb up to 1500$ and so forth. I hope it will move up and there will be no more hindrance that will cause another price deflation.

mundang

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I think bitcoin price range will about 1200-1500$ this february. After reaching the ath at 1450$ it will definitely go down at 1100$ and will continue go up in the month of july.

Dmitry.Vastov

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Quote from: cryp24x on February 07, 2017, 06:28:26 PM

Bitcoin price should be at 1200+ if the PBOC has not released a Fud that make the bull run last January to stop and dropping Bitcoin at sub $800. So I guess The price of Bitcoin this February should have been surpassed the ATH and sitting between $1200 and $1300.

Yup, you're right or even more. The last time we crash. We are at $1100+ that time and we almost hit the all time high bitcoin price. If the PBOC didn't do the dick move, maybe we already surpass the all time high record of the bitcoin price. But i respect that. China's exchangers are guilty on manipulating volumes. PBOC did the right thing. Now, we are at the right price now. Hope the rally continues.

andrei56

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Quote from: w00t on February 07, 2017, 09:40:25 AM

Hi,
I'm really curious what in your personal opinion the price should be - where do you think we should be in means of adoption and infrastructure.

We currently have price of about $1000 per 1 BTC, do you consider it as about right, overvalued or undervalued in all and all?

Please vote and if possible please explain why you voted in this way below.

Thanks.

Whatever the price currently is, that is the correct price, the market is just a place where buyers and sellers decide the price of a good or product if at some point the buyers decide they are willing to pay more for it and the price increases if they take the opposite decision then the price decreases.

cryp24x

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Bitcoin price should be at 1200+ if the PBOC has not released a Fud that make the bull run last January to stop and dropping Bitcoin at sub $800. So I guess The price of Bitcoin this February should have been surpassed the ATH and sitting between $1200 and $1300.

machinek20

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If everything worked fine i predicted bitcoin will be around 1200$, judging from the user enthusiastic and the bitcoin popularity, but due to the china's government investigation,this has set back the price and transaction volume, so i predicted it will be around 1000$

LeGaulois

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The price is good right now, and it's going to stabilize, as it does since some days. I will prefer to see the price stabilizedd at his rate instead to see it growing by 20% and decrase by 30% one week after. So far i am happy with how it is righ now. It continues to grow slowly but surely. I am surely it will go up to 1400$ before the summer or just after.. Keep the fingers crossed guys xx

w00t

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Quote from: harizen on February 07, 2017, 11:04:28 AM

Quote from: w00t on February 07, 2017, 09:40:25 AM

Hi,
I'm really curious what in your personal opinion the price should be - where do you think we should be in means of adoption and infrastructure.

We currently have price of about $1000 per 1 BTC, do you consider it as about right, overvalued or undervalued in all and all?

Please vote and if possible please explain why you voted in this way below.

Thanks.

If "SHOULD" ok? Well then my guess is around $4,000 if there is no such thing as MT. GOX epic fail happen and no such thing as "NEGATAIVE" news rise while bitcoin is taking on it's journey in the financial world. Meaning just a continue increase even a slow one.

But that is not possible obviously in the first place. By going back in the reality, the price today is just appropriate and reasonable even bitcoin was already 8 years in existence.

I think with this answer I'm most happy because it actually answers what I'm talking about - market is market and from time to time it seems not get it. Considering that Bitcoin allows to move money from one part of the world to another at anytime for couple dollars worth - I think that deserves at least double the valuation that it currently has but people are just focusing on the number. I think I will make a new poll later with different question.

target

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I think its undervalue still knowing its being adopted by known merchants around the world. Currently, there have been a lot of start up companies wanting to be funded by the bitcoin users as investors which makes it more valuable because company value also grows by the time it achieve goals. We keep shouting these companies to be scam but some of them are really passionate to make it big and give back to the community. Bitcoin has got to have more value than how much it has, its just a matter of time before we see its real value.

Mbah Tyo

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1st of May

the month of February to coincide with the event feast of Chinese New Year, so this could be dampat of it then the price before the Chinese New Year is around $ 880, but after the Lunar bitcoin always rise slowly but surely my forecast prices bitcoin highest for the month of February is $ 1150 / BTC btidak more of it for less than it is likely

Topic: What do you think should be the right Bitcoin price as of Februray 2017? - page 2. (Read 1771 times)