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RE: Why I Think Bitcoin is Still Undervalued
currently bitcoin and etherium specificully attracted full attention of top bankers worldwide.
they are already trying to gain control over blockchain technology and lead the market toward acceptance of cryptos once that control is achievied, The simple reason is the upcoming collapse of all fiat currencies.lued at current level significully.
I expect Bitcoin will be worth $10 000 next year 2018
see my post Bitcoin will be $10 000 in 2018 @steemit
In appreciation of that event and from technical view point Bitcoin is undeve
that is why Bitcoin will stand in the future until sound money will replace fiat currencies.
of course short term Bitcoin could lose 40-50% in value but that is normal behaviour in such unstable environment
Yes I think some kind of new financial crisis is coming (even overdue). The volatility will only go down once we have enough people in the system - there will need to be more money and more people to reduce it. It will happen eventually just a question of when exactly. The next time we have a financial crisis could be the tipping point where people decide to go with a different system.