Topic: Why BTC is tremendously undervalued (Read 648 times)

Still the idea of applying the comprehension to such project is needed rather than just simply looking the projects if it is legit or not before they invest. There are a lot of projects of altcoin that really needs a lot of attention but sadly it is being neglected due to greed of earning money. Even at times, Bitcoin being a currency becomes also neglected primarily due to expectations of people to just earn in Bitcoin. Some might not be even aware of how Blockchain technology works. Ask everyone the MT GOX incident. Coindesk raid? Different exchanges?

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.

These are just some of those who are not benefiting from bitcoin. The nature of it has made the community for many years have a certain turnover. There are also bad rumors about bitcoin, and it does not affect anything. Its sustainability is very good.

I would not say that even the current price of bitcoin around seven thousand dollars is an underestimation of bitcoins. In comparison with another crypto currency, bitcoin is even overrated and should not be deceived. This is precisely the essence of our current problems, since the high price of bitcoin is in conflict with the remaining prices for the crypto currency. Another big problem is the dominance of bitcoin in the crypto-currency market, because of this the market can not develop freely. These problems will still have to be solved, we will not be able to notice them for a long time anyway.

It is normal to have those high levels of uncertainty. I believe whatever is going on the outside world in terms of real investors is practically the same thing that is happening in the trading world. If there is really a huge demand right now, I do not see how the value of bitcoin is going to be tapping downwards but would rather be going upward.

I would not say it is undervalued now, but I can say when compared to the future potential, then, it is. Nevertheless, those institutions the OP mentioned would definitely be trying to get in a pretty good position and they easily know how to achieve all of that.

Probably many factors that make bitcoin be tremendously undervalued. Yep, FUD is also one of them. It comes very clearly that till now so many people know about this harmful syndrome but they still stuck in it and perhaps they sold a massive coin and then afterwards the whales take advantage of low price to buy lots of coins, and they control the market in their two cent. Truly, most bitcoin users highly trust on fake news, which make them sell in panic . Besides, probably most  government take affect to btc’s market as well. We all know that almost governments both impose a ban on bitcoin and definitely preventing people from bitcoin.

Well, most investors who joined in the second half of 2017 were expecting a continious rise and a new ATH each week.
They were not prepared to lose 40% of their investment within a few months.

In addition to that way too many people invested more than they can afford to lose, which makes them panic even more.




Unfortunately this is the status quo.
The majority of btc-/crypto- owner do not understand the concept of a blockchain. Neither do they know anything about public key cryptography.
They probably don't even understand why the system works (how double spending is prevented).

You just have to look at reddit. Massive amounts of user in multiple subreddits asking ridiculous (basic) question about wallets / private keys.. Most of them just want to get rich quick. They don't care what they are buying as long as it makes them money.

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. Cryptocurrencies will be undervalued for the next few years but as we can see, the situation has vastly improved in the last year and this trend should continue due to growing number of users.

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.

Bitcoin will be remaining as a valuable asset even in the future because most of the people today in the community are still interested about cryptocurrency and we can expect for higher prices of bitcoins even more in the future.

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.

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.

There are so many negative news now which affects its price. Recently is the bithumb exchanges hacking news where in $30 million is lost. Also there are regulations from governments. Though there are many projects right now but still not enough or did not trickle down to ordinary people. Maybe we need several years for people to feel it.

I think that Bitcoin is not overvalued now, maybe in the future it can be real. I trust, that it grows up till the end of this year and in the next too.

This can only say that you are an optimist. The development of cryptocurrency has not always been very smooth. This is a challenge to the rights of the country, so this process will be very lengthy and tortuous.

Bitcoin in my opinion is all the anger that happened again, and the main price increase which in recent weeks has spurred great interest and investment beginners in the first cryptocurrency in the world. some people see this as a sign that the bitcoin tip is near, but others argue that infant e-money is actually highly undervalued in long-term investments. the current momentum of bitcoin has been filled with boom, apocalypse and speculative predictions.

yeah many of people or group want to involved into this currency, they just not looking it in the market value but what will happen in the long term future use, i think the pot will being filled with a huge oppurtunity

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.

You really have some valid points, but with all that you have said, I would not agree that it is really being used or being sort after as much as you have said, when compared to mainstream level of adoption. However, looking at the way things have been turning out, it is obvious that the sentiments going around is not correlating with the current value that we are seeing.

However, it is understandable that this caliber of people that you have mentioned will definitely want to be buying at a very low value to get a better position in the market, so probably we will just add that to the whole equation.

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.

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.

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.

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!

The value of bitcoin right now is still high, we should not hurry the market to be accepted by many countries, time will come for this. Every country have their own pros and cons about cryptocurrency let's just be optimist about the future and the value of bitcoin will be more worth it in the future.

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

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.

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!

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.

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.

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.

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.  

Totally agree but the bearish market to me may actually seem more of a plan than a real bearish market. Market was driven up so huge and then all of a sudden dropped down so huge after a lot of people who were expecting to get rich overnight were buying into it globally.

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.

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.

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.

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.

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.

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

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.

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

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.

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.

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.

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

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.

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.

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.

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.

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.

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!

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.

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.

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.

Nevermind, it will became more and more valuable at the time that more and more people are coming in interest of crypto!

  Could you give out the information of those coins  apart from etheruem and litecoin. If the coins have potential and cheap, let me hear them. Thanks.

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.

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.

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.

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.

As there are so many potential coins appearing, they have more advantages over BTC and have stole market share with BTC, many investors have abandoned the BTC switch to hold the other altcoin.

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.

Bitcoin certain uses that are very unique that no other currencies allows.
As the value goes up start to swivel and skeptics begin to soften.
This new currency is easy.anyone can do it getting people to accept it
Because bitcoin that gives money value.

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.