DLavrov

Bitcoin - What Is The Real Value of The King?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
What is the real value of Bitcoin from your point of view? Is it above 8000.00 level? Is it below 8000.00 level? Please, share your ideas in the comments.
Why do I ask you such a question? The main reason is to show you the possible difference between the real value and the current price. How it will be, we will know in your comments.

The situation, when there is a difference between the real value and the current price, can give us understanding in which direction the market will move. Also, the difference between these two values can lead us to a new bubble, the price which is not supported by fundamental factors. In order to understand my idea, please, look at 2017 year, when we got a typical bubble probably after the breakout above 5000.00 level. The market was supported only by hype and by the uneducated crowd of traders pushing the market higher and higher to 20 000 level. The real value at that time was lower than the current price. The fundamental factors did not support the market and it dropped a lot in some time. That falling was an attempt to move back to the real value which was based on fundamental factors and included all news about the market. And the level like 3000.00 could become the zone where the real value of Bitcoin at that moment and the current price met each other.

All bubbles lead to great fallings. And not always it can be good for the market. What I can see now, it looks like we have a new attempt to create a new bubble, where the real value of Bitcoin will be lower than the current price supported by the uneducated crowd of traders, manipulators, and new hype.

That's why it will be interesting to get your opinion about the real value of Bitcoin to understand better, how far we are from creating a new bubble. Let's discuss!

As for Technical Analysis based on the weekly chart, we have a strong uptrend where the market continues the impulse wave. The main question stays the same - when does the market start the correction? Now it is a good time for making mistakes and opening long positions without waiting for the correction movement. But also nobody wants to miss the opportunity to make some profit.

RSI reached the overbought zone. If the price bounces from 8000.00 resistance, RSI will be able to provide a good signal confirming the possible price reversal. MACD lines and histogram support the further upward movement and DMI confirms the strength of buyers. As you can see, we still have bullish signals confirming the upward movement in spite of the market which looks overbought.

Will the price bounce from 8000.00 or it will be able to reach 10 000.00 before the correction? We will see and for better understanding, we need to wait for the close price of this weekly candle. If we get a reversal candlestick pattern, the variant with the correction will be supported by one more bearish signal. If not, the market becomes crazier and we should not be surprised if it continues the upward movement to 10 000 level.

But will it be good for the market and all the participants? It is a very interesting question for discussion.

P.S. Thank you very much for your attention. If you like this post, please support it by clicking the LIKE button. Also, I will be grateful for your feedback.
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Thanks for your analysis! Great work :)

We called the break of 8300 and to humble ourselves we must look at the bigger picture at play to not get slaughtered and give back all our gains back to the machine. Be cautious and read about the potential "TOP" of BTC here:
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BTC has no real value. The only value it has it's the value for what people think to exchange it. If tomorrow nobody care about this and no one want to buy it, the price will be 0.

Gold is real natural asset. Btc is fake asset, it's only speculation.


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jeanneymar011001 jeanneymar011001
@jeanneymar011001, and we cannot change to a world with only scriptural money like btc or what banks use because this leads to more wealth inequality, corruption or other bad things
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Maybe worth half a burrito and a can of coke.
+1 Reply
IMO, considering the fiat multibubble, the real value of BTC is approx. a few million of USD
+2 Reply
I believe Core is highly overpriced. People buy into it thinking they’re buying a bitcoin but they’re not. My true belief is that this has become a hyper inflated privacy alt-coin. I fear there will be big troubles coming and a lot of investors will get hurt. I don’t want to see the hurt but i feel everyone has been blinded by greed and refuse to actually look at all the negatives here.
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ikdy ikdy
@ikdy, in the current picture i see a value of under 1000$
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hi i think btc services, bitcoin being a network service this one should be submit at metcalf's law, this article can sppek more i can explain : https://seekingalpha.com/article/4226717-bitcoin-metcalfe-lindy

obviously for me there are other factors to consider but they can be secondary or complémentary at this law.
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majic92 majic92
@majic92, the problem that may be lacking in this law is the bitcoin protocol,bitcoin is able to handle only seven transactions per second, so can us applicated this law at this network ?, i cant respond but i think than this can respond in part at our reasoning of determinated the bitcoin value because the transactions and users exist despite the restriction of the protocol.
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