RE: Why I Think Bitcoin is Still Undervalued

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Why I Think Bitcoin is Still Undervalued

in bitcoin •  8 years ago 

I don't see the point of this. Firstly you say you don't disagree then you put up pointless and unrelated graphs. If you think tulips and the like bear any relation to bitcoin then you have no part in the conversation because you have no idea what you are talking about. A poor attempt at trolling.

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Those who fail to study history are doomed to repeat it. You ever hear of a bubble?

we're nowhere near the potential of this technology and widespread adoption.... there WILL be a monster bubble, but that's nowhere near for the moment.

Of course and I have said this before we will likely have more than one bubble - I still think that long term bitcoin will survive and thrive (although there may be rough patches along the way).

Thinking outside the box here, they might eventually have to spin off a "bitcoin light" that is pegged to the dollar or to gold, at least. We are currently in the wild west phase of the this concept and anything is possible.

Possible. I think as it is right now it makes sense for large purchases but you wouldn't want to buy a stick of gum with it! The transaction cost would be more than the gum itself.