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RE: Why I Think Bitcoin is Still Undervalued

in #bitcoin7 years ago

I am on the same line as you and believe that bitcoin price will rise in next months and years. The rise will depend on internal but also external factors. First, price will be affected by (increase of) user adoption, transaction activity and trading.

Also important are major events that are not related to bitcoin like financial crises and regulation.

I believe that price won't have an upward trend, but many corrections before it gets "fair" price.

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Do you mean it will have an upward trend? Not clear in your last sentence.

@thecryptofiend Yes, sorry for that. I believe that price will have upward trend in long run and get 5k. Also, I believe that price won't rise constantly, but falling sometimes and have corrections.