Well it depends what you consider bitcoin's usage. If it is to be a commodity like gold then no it's not overpriced, quite the opposite. If you want it to be an actual currency you can use everywhere to buy stuff etc then yes it's currently overvalued.
See here a very insightful analysis by hacked.com:
https://hacked.com/tale-two-revolutions-comparing-dot-com-bubble-cryptocurrency-bull-market/
You seem to be knowledgeable about investing in cryptocurrencies, @hat7rick. I went to your profile to follow you, only to see that it is empty. That is a shame.
I hope you consider posting here in Steemit.
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i agree hat7rck , bitcoin will crypto gold and altcoin will be dailypayment. Also u need in most cases firtst BTC to buy altcoin... Also big news for BTC are coming!!!!if u want lern more follow me !
Thanks for reading°°° and
!
Please commend, what is your opinion!
Also upvoted and resteemed! :o)
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