Bitcoin Honest Opinion

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Mar 5, 2021 59 Comments

What you all think on why Bitcoin has reached high values and oscillating between 45-55 K?

#blockchain #bitcoin #crypto #investments

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 TOP 59 Comments
  • Amazon
    awshit

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    awshit
    For “Actual Valuation” guys, based on what?
    Mar 5, 2021 25
    • Cisco
      vishnj

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      vishnj
      Uber, if Bitcoin is 1 cent, it still has plenty of use (transactions & wealth transfer across borders, censorship-free payments, monetize stranded energy)

      But obviously the whole point is preservation of value. It is fundamentally designed to go up forever. There is nothing in the world as fixed in quantity.

      Personally I really like the energy analogy. But, it’s a pretty philosophical take that doesn’t register from a Blind comment. You really have to study that for like an hour until you realize it.
      Mar 30, 2021
    • eBay
      sjjw2

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      sjjw2
      As long as people think its valuable and worth it will go higher its simple if you understand
      Also its limited that makes people having it as collectible

      Think about any piece of art, I don't think it has any value. It has value because some people think so and willing to pay for it. It doesn't has any utility or anything. Atleast bitcoin has some utility but there are way many projects that are far better than bitcoin.

      Its simple supply and demand
      Same goes for most of stocks today

      On top its not value of bitcoin going up, its value of dollar is down. Supply of dollar increased so have to pay more dollar for same bitcoin, stock or real estate
      Apr 11, 2021
  • Google
    sTQz85

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    sTQz85
    hype. I'm not surprised if it drops back to 10K this year.
    Mar 5, 2021 1
  • Amazon / Eng
    wood

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    PRE
    Cisco
     wood
    Permanent FOMO is real.
    Mar 5, 2021 0
  • By 2040 you will be a living legend if you actually own a full bitcoin
    Mar 20, 2021 5
    • Doesn’t need to be super efficient. Just needs to be a better store of value than gold.
      Mar 20, 2021
    • VMware
      BK6H1

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      BK6H1
      It’s not storing wealth to be exact. It could also be susceptible to government bans. It’s people sentiment - like for example you expect someone will pay you same or more price wHich is stupid because why would many people put money in something that doesn’t create productivity. It can’t be used for anything. Another problem with is it that gold is transferable or recoverable but Bitcoin isn’t . If someone forgets Bitcoin key or walker or dies without passing on then it’s of no use. It’s could be hyper deflationary.
      Mar 20, 2021
  • eBay
    /dev/null1

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    /dev/null1
    no trust, it is virtual's virtual
    Mar 5, 2021 1