Topic: Why BTC is tremendously undervalued (Read 643 times)

The thing is cryptocurrency isnt widespreaded enough, there are many projects on cryptocurrency that arent being mass adopted.
Maybe because the projects are still young.

whales always have influence at bitcoin and other cryptocurrency price.they legalize many ways to spread fud and make retail investor panic.and finally sell their asset.this currenct situation proved it that whales take a role in market now.

If we are talking about the impact of whales on the market, I completely agree with this. Now the market breaks through new players and it is because of this price goes down. I think the situation will improve within six months.

If it is undervalued, then this could have never grown to such an extent marking a big change over the financial system of the world. Understanding the underlying goodness of bitcoin is not that easy, to be more evident it needs to be trusted. This is not possible all the time, as it is volatile in its functioning. This at times show bitcoin similar to a bubble and such statements make it go undervalued.

Well, I believe that not only the outsiders but also there are some insiders who have not realized the hidden potential of Bitcoin and cryptocurrencies. There is a high amount of uncertainty and doubt about it among the people and that's the reason why most of the people are not getting involved with it. On the other hand, Bitcoin has the potential to serve the entire globe when it comes to the fund transfer needs so considering this difference, Bitcoin is far undervalued at this point.

One of the things makes the bitcoin tremendously undervalued its because of FUD information making other users panic resulting to a successive selling which the value easily drop in digital marketcap. However, it can stop this issue by avoiding spreading fake news and change into positive information.

I am surprised that investors panic so much. I understand that they are afraid of losing money but they should know what they are investing their money in.

Most of them probably don't even understand the most basic information about cryptocurrencies.

Now most of the new people started to adopt the Bitcoin technology irrespective of price.Some of the investor at high get worry ,when the price is reduced to low.The price is reduced from 19,000 to 6700$.Hence  some may consider Bitcoin as tremendously undervalued.

Bitcoin is the most overpriced and expensive asset in the world that does not have any utility or application. The only good thing about Bitcoin is that Bitcoin achieved to present the Blockchain technology to the world, but not more. So, I don't believe BTC will remain as valuable asset for long-term. When the hype is over, a crash is expected any time!

I think that we are yet to see the most adoption happening with bitcoin. Bitcoin has by no means peaked in popularity or adoption over the long term, in my opinion, unlike some users who think otherwise.

The fact that a lot of new financial institutions are now involved in bitcoin trading, or integrating bitcoin into their services is only a taste of what to come. We don't see bitcoin being integrated into day to day commerce or banking either at the moment, which I think will start happening as adoption increases. There are no signs of adoption slowing down, and as adoption grows, demand for BTC grows.

Also, toss in the fact that we're literally near the bottom of a bear market, all means that BTC is still undervalued if looked at in a long term perspective.

For my opinion it consists of some facts. First is that people don't believe in virtual money and earning them. Second is that governments are scared of it.Crypto can kill national money. Third is concurention on the market for now.

I dont think that Bitcoin demand has increased lately or anytime in the past. It is already overvalued coin and you are thinking that it is undervalued one? I cant really get any explanation from your post here. The demand is very low at this point and if there would have been demand then there would have been real price surges in the crypto market at this time. The market would have already crossed 20K USD value the same way it did last December. That pump was anyway artificial one, an attempt to gain profits and most probably act of whales. I guess what value we are seeing today for BTC is just fine one.

Lately we have seen an increased demand for tremendously large blocks of Bitcoin. So much so, that we can't keep up with the volume that people and organizations are requesting. So what are the underlying factors?
One reason is that cryptos, and BTC is king there, are gaining respect with the financial hedgers in Europe, Asia and the United States. We have seen new exchanges opening here and overseas. The SEC has requests from several companies to offer exchange traded funds invested in Bitcoin futures. Hedge funds, investment banks, trust companies and investment advisors are all looking to fill the needs of their top clients. After all, we are all in it for the money.
But go a little deeper and follow the trend that BTC and crypto have taken for the last ten years. They have doubled, most of them, and most likely will continue to do so, according to the BTC pundits. And why not? People love to speculate, and this can be more lucrative than gambling in the stock market or gambling in a casino. And with the liquidity that the exchanges provide, one can go shopping with their Bitcoin card at many shops and online. And quite a few real estate companies now accept BTC as a purchase vehicle.
With all the demand, the mainstream financials wanting to be involved, the acceptance for purchasing goods to homes, and the thrill of the possibility of making a nice return, it certainly seems that BTC and cryptos are tremendously undervalued. Time will tell, the volatility will be there, it won't be boring, and we will be moving into the future, whatever it may be.