Why BTC is tremendously undervalued - page 3.

el kaka22

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Quote from: Pinoyfan on May 14, 2018, 09:11:41 PM

I think its because of those bitcoin whales they controlling the value of Cryptocurrencies. Those whales are one of the biggest factors of every cryptocurrencies and the other one is government. They controlling the value bitcoin was dumped right now and some other dont trust bitcoin cause didnt know how bitcoin whales works.

Who are really the whales ? The hedge funds, institutions and so on, and they are like gangs as far as I am concerned.
Firstly, you would expect that since that most of them are already late to the show, they will find a way to shake the weak hands off the market as much as possible, and until they are pretty sure they do not have more to shake out, then they keep distributing and accumulating to get even more position in the market.

At the end, the value of bitcoin is far low compared to what it is going to be in the future and it only pains me that those who have been complaining that these set of people have been stealing from them still keep dishing out their future to them.

DeadCoin

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There are so many false news is coming about bitcoin, this make bitcoin undervalued. Another reason such as bitcoin is going to ban this news can make people to get panic and they are not ready to invest in bitcoin. At the same time people who had already bitcoin are ready to sell. This makes market so volatile and there is no stability in the bitcoin price. This makes people to get confused whether to hold or sell.

Janation

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Quote from: socksserver3 on May 16, 2018, 03:15:33 AM

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.

Governments can't do nothing to digital currencies especially Bitcoin since it is decentralized unless banning them in their country though crypto currencies can bring their economy up since this crypto currencies are bringing profit to people externally, that also means that the economy will be growing up slowly. With a lot of supporters and investors of Bitcoin, I don't think that controlling it will be that easy.

krauzzer02

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Quote from: socksserver3 on May 16, 2018, 03:15:33 AM

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.

cherrymobile

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Quote from: bitcoinbrokeragegroup1 on May 14, 2018, 02:27:18 PM

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.

bitcoin nowadays was so dumb but if seen bitcoin before this year or the past few year. bitcoin is no price at all. bitcoin was first introduce in deepweb created by Satoshi Nakamoto. this cryptocurrency is nothing at 2006 and now it is the most expensive cryptocurrency in the world. would you dought for it ? its been a couple of years running and still striving

timerland

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Bitcoin is still within its early adoption phase, and whenever an investment is in that stage, it's always undervalued. Especially now that the correction came hard upon bitcoin markets and the prices are even lower, I think prices are definitely a good accumulation point.

We have seen financial institutions getting into bitcoin investments over the past months, so that's definitely saying something about the potential of bitcoin in the future. But that's only one dimension, bitcoin can realistically be an alternative to fiat currencies or even a global reserve currency which is honestly within my expectations in the future, in which case its value will skyrocket.

Current price levels are going to appear cheap in the long term, or even just a few years from now as the next bull market comes by.

Pinoyfan

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Quote from: bitcoinbrokeragegroup1 on May 14, 2018, 02:27:18 PM

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.

Bitcoin nowadays was so dump.but I know that it will pump again soon. If you study the chart past few years you will understand that bitcoin is currently repeating its history for the few years. It is happening now. Over and over again. So in my predictions bitcoin will rise up again and will pump its value before the end of the year

socksserver3

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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.

Direwolve735

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The fall in the value of сrypto-currency has occurred against the backdrop of searches at the largest stock exchange, Upbit in South Korea, which has alarmed investors, forcing them to think about the security of the funds placed on the exchange. However, I believe that Bitcoin will soon again take a course on growth. The growth of the crypto currency may provide the intention of the investment bank Goldman Sachs to start trading futures for Bitcoin, as well as the plans of the New York Stock Exchange to create a platform to attract large investors.

Bitcoinjheta

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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.

Getcoinsite

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Quote from: Dudeperfect on May 15, 2018, 12:07:45 PM

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.

Because even we accepted or not,but many of the member of this community dont really know what's blockchain is all about,they only know about the volatility and the potentials of generating income by investing or buying bitcoins or maybe some other altcoins.

They were just here like a gambler,they will bet money,and wait for the win but suddenly they loss then its the time to throw negativity about this market specially bitcoin

St4yInTh3D4rk

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Quote from: Idrisu on May 16, 2018, 01:31:21 AM

Most of the attack against cryptocurrencies is direct attack on bitcoin and this actually affect it pricing. I also believe that bitcoin is going to be the greatest beneficiary of the future pump. If governments is going to used blockchain technology bitcoin is going to be the greatest beneficiary.

It just only create temporary price movements in the crypto currency but it doesn't determines the value of the bitcoin.Yes in future the bitcoin is going to rule the money system but implementing blockchain technology is differs from bitcoin which doesn't make any benefit for bitcoin.

aso118

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Quote from: ArteMixer on May 15, 2018, 01:33:10 PM

For now most people it is a scam, as it is decently new. All of the scams like BitConnect (great meme) had an influence on people and their trust to the blockchain technology in general, so we just need patience.

This might have been the view in 2011-12, when Bitcoin was brand new. I do not think anybody considers it a scam now. They may consider it as an internet novelty to be avoided, not a scam. Nobody in their right mind would club Bitcoin and Bitconnect together.

Don Pedro Dinero

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Quote from: joebrook on May 15, 2018, 03:07:53 PM

Bitcoin is not undervalued just like any investment it’s the falls under the supply and demand scenario where which actually determines the value of bitcoin.

You are confusing value and price, which is a common mistake. Value is a theoretical concept and price is a fact. Price can be calculated, value can only be guessed.

Value investors buy assets when their guessed value is higher than the price.

Idrisu

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Most of the attack against cryptocurrencies is direct attack on bitcoin and this actually affect it pricing. I also believe that bitcoin is going to be the greatest beneficiary of the future pump. If governments is going to used blockchain technology bitcoin is going to be the greatest beneficiary.

amishmanish

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Past results are no guarantee for future performance. So saying that because they have increased in the last 10 years and so will continue to increase is naive at best.

The value increase has to come from adoption, usage and acceptance. That is the only way this has ever grown or will grow. The governments are still not done trying to somehow either control or destroy it. That is the reason we hear government created FUD all the time. The market falls but then recovers. As this resilience gets proven again and again, you can be sure that more serious players will continue entering.

The development of Lightning network's capacity will also be a big boon as it will allow more and more people to opt for BTC for micropayments. Solving micropayments and making their usage feasible as the currency of internet is in my opinion, the most needed and most bullish use case.

wantjokull

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I see this matter in complete different way.

I dont think they are undervalued currencies (including BTC) but they are just under appreciated one! Now that makes complete sense why they are not having the value that they should have. We see news coming all over the globe that this government is against BTC, that government is against the alts, they dont want to hire the blockchain within their nation and much more things which are hoax and not giving any opportunity for the BTC to develop at full scale with lightening speed. If that continues then I am sure they will be undervalued ever!

Rossy Akbar

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I mean that's the thing why bitcoin was so unpredictable and so risky, I don't know exactly what happens about the price tremendously undervalued, some says it just the part of bitcoin system, well just trust in your faith tho, we all can pass this challenge.

hugeblack

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I agree with you that all cryptocurrencies are worth less than their value "tremendously undervalued" but that does not mean it will be All-Time-High.
Technically, the development of such a lightning network may lead to a demonstration of the real power of cheap, reliable and universal digital payments"Revaluation of the value of cryptos."
It's a shame to look for bitcoin for just the price.

darkangel11

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Don't let others control your BTC -> self custody

Although I agree with you about it being undervalued, we can't really base our prediction on the fact that people like to speculate and will keep BTC going. What makes you think that they will choose BTC while having multiple other options like forex, startups and so on? BTC is great but it's not going to stay alive just because people will want to bet on it. It needs to maintain its role of a store of value, a digital gold.

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