Topic: Why BTC is tremendously undervalued - page 2. (Read 616 times)
I understand your speculation. Look at the current market and we are in the red line, it is also because many have not been involved with bitcoin or other crypto, at least now I think bitcoin is still worth it because of some disadvantages owned. I just think users should better understand the potential of bitcoin.
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.
In don't think people did not believe in virtual currencies. They only are afraid to put their money on the line where volatility is the risk. Also some government are not afraid of crypto, instead they accept crypto and regulate it to insure the security of the users money.
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.
Definitely below value. Those who are almost mining are working on the cost. Costs will rise even more. At this point, with the self-development of the blockchain system, bitcoin will come to an incredible point. We will all witness this together.
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!
Lol. What hype are you talking about? If bitcoin was hype we could have touch $100K today. I don't think that you truly understand the idea behind bitcoin or crypto for that matter. I suggest you go to back and read Satoshi's Whitepaper and come back here. Its not even touted as asset in the beginning. Satoshi created it for micro payment, P2P application.
The hype that surrounds it is when bitcoin become a Store of Value (SoV), that's why the prices suddenly jumps from < $700 >>> $19K last year. But no matter what the so called hype is over, the price is still good, although we can see that the price has drastically fallen, again if you look at it, from < $700 >>> $6500 is still strong so I don't think that the hype has died down.
Yes, I think so. The demand for bitcoins has been very large, and mining is becoming more and more difficult. If the application of the lightning network to achieve bitcoin will quickly enter many industries, it is now a good time to buy the bitcoin.
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.
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.
This is what I have read...
Knowing the difference between cost and value can increase profitability:
-the cost of your product or service is the amount you spend to produce it
-the price is your financial reward for providing the product or service
-the value is what your customer believes the product or service is worth to them
https://www.nibusinessinfo.co.uk/content/difference-between-cost-and-value
Bitcoin is not perfect so stop pressuring it to be like one. It still has its flaws.
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.
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!
Many countries and regions do not accept BTC! The value of BTC is not reflected. This is the biggest problem of BTC.
Only if BTC is accepted and used by more people, the price of btc will rise before it can play its value!
Yes that is a big issue, but i think that now they are understanding the value and importance of bitcoin and therefore some countries have accepted bitcoin as legal currency while other countries are going to turn it as legal very soon, so i think that bitcoin price is very soon expected to increase too much and give us a very good profit. Only if BTC is accepted and used by more people, the price of btc will rise before it can play its value!
for me btc and other crypto are very impressive and boost new changes, not just undervalued, but more than that, with a system that is so easily accepted by all levels of society and every access is so simple that this makes it so fantastic in my opinion, in addition to all it, can make a big change in the economy, that's my opinion, because until now, btc and other crypto is what changed my family's economy
Many countries and regions do not accept BTC! The value of BTC is not reflected. This is the biggest problem of BTC.
Only if BTC is accepted and used by more people, the price of btc will rise before it can play its value!
Yes that is a big issue, but i think that now they are understanding the value and importance of bitcoin and therefore some countries have accepted bitcoin as legal currency while other countries are going to turn it as legal very soon, so i think that bitcoin price is very soon expected to increase too much and give us a very good profit. Only if BTC is accepted and used by more people, the price of btc will rise before it can play its value!
It's not under value in the sense that everyone knows about it, and the demand is what it is right now, and that gives it is value. What I consider undervalue are alts that have a good idea but that nobody knows about and never will. Not a lot of those out there, but there are some.
Many countries and regions do not accept BTC! The value of BTC is not reflected. This is the biggest problem of BTC.
Only if BTC is accepted and used by more people, the price of btc will rise before it can play its value!
Only if BTC is accepted and used by more people, the price of btc will rise before it can play its value!
I partially agree with you, but I believe that bitcoin is underestimated precisely because not all have accepted it yet and not all people know about it. Ahead of us awaits the recognition of the Crypto-currency, and hence the growth.
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.
Have you ever seen a thermometer before? If you have, then good, but if you haven’t you will have to go back to school. A thermometer is used in measuring temperature and when you’re watching it go up it seems like it’s not going to stop going up, but there is a stage it will reach and it will stop going up. So most things do have limit. It’s not that we are underestimating Bitcoin, but most things do have limit. 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.
Firstly I think it is not undervalued since 8k USD is still quite a huge buck. But if we will be comparing it from the big hike of the past year of 20k USD and a worldwide demand basis then I would agree that it is being undervalued. I think this will be based on one's perception as a noob or someone who witnessed the big boom of bitcoin.
Another is I do agree that even bitcoin started in the year 2009, worldwide mainstream is a long process and yeah it seems like it will be going and would probably have more years as people will be more aware of it. Though it is hard to predict the future, I have observe that countries are just being careful and I think planning and stepping forward with cautions will make good foundations for stronger and healthier future for cryptocurrencies.
Another is I do agree that even bitcoin started in the year 2009, worldwide mainstream is a long process and yeah it seems like it will be going and would probably have more years as people will be more aware of it. Though it is hard to predict the future, I have observe that countries are just being careful and I think planning and stepping forward with cautions will make good foundations for stronger and healthier future for cryptocurrencies.
I think governements, most of them, haven't still accepted bitcoin because they are afraid of making it the main currency due to the fact that bitcoin is decentralized and can't be controlled as effectively as other currencies.
Bitcoin is not yet ready to be the main currency of a specific country or will not be the main thing in the future who knows what will happen next to this currency/asset, price fluctuations and sudden shift of movements to the market are not healthy for the economy of a certain country if they are going to use this one, the most important thing is that even the critics of cryptocurrency are fascinated with the blockchain technology which will be the revolutionary in the future adoption.Right, Bitcoin is not ready for mainstream yet. This will probably take another 3-5 years imo. Still too techy for the average joe and we need much more build out infrastructure via lightning and protocol levels on top of Bitcoin. But we have time. Rome wasn't build in a day as well right.
That Blockchain, the underlying technology will be the ultimate revolutionary technology in the future, I'm very skeptic to be honest.
At Consensus you saw many companies who have built stuff with Blockchain, where a Blockchain isn't really necessary or where they are looking for problem which they could solve with their project.
Most of that Blockchain tech stuff will disappear in a few years. A few projects, and maybe handful of coins imo will survive as I see this mostly as a 'the winner takes it all" situation. And hopefully Bitcoin will be the big winner.
In terms of Bitcoin's price and if it is undervalued. The price is what it is. And right now it's $8k.
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?
Wait what? Increased demand for bigger blocks? What do you mean by that? People demanding a block size increase, or blocks just filling up in general? Fees have been pretty low for a while now, barring a few brief periods of spikes, so there shouldn't be any problems with transaction volume in general.
Can't keep up with the volume of demand? If that were true, we'd be on a tremendously bullish run, but instead we're stuck in a somewhat bearish market.
These guys have been in the manipulative system all these while and even if they really see the future and huge prospect, they will not be stupid enough to be buying at the top until they are sure there is just no more space to drive it down the more. I am sure when the real demand hits, we will all know but we aren't just there yet and the market may just be exactly as valued as it is supposed to be.
The fact that bitcoin and other cryptocurrencies heavily rely on technology makes it unaccessible for a big percentage of the population. Government units are mostly against cryptocurrencies as they often view the negative impact favoring it over the traditional fiat. Not to mention that there are a lot of false speculations about them though to generalize, we can say that the main factor to why bitcoin is so undervalued is lack of proper knowledge rendering a quick wrong judgement about bitcoin.
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