Is Bitcoin Overvalued?

[kpach]

When you see all those mixer shutting down, cybercriminal getting caught when trying to turn their cryptocurrency into real life assets,... to me it's because Bitcoin is public and can be traced back.

Why the fuck is it still widely used and valued so much?

 

[41Dxflatline]

I don't know why people use weird cryptomixers ran by criminals when you can just use something like godex.io

 

[kpach]

I don't know why people use weird cryptomixers ran by criminals when you can just use something like godex.io

41DxflatlineExchanges can lock the trade if the deposit came from a blacklisted address, Bitcoin is still an issue in this case.

 

[Berlin777]

I had very good experience with XVG, much quicker than XMR but the markets still stick to BTC

 

[kpach]

I had very good experience with XVG, much quicker than XMR but the markets still stick to BTC

Berlin777> Verge Currency (XVG) has a transparent ledger that allows anyone to view all of its transactions

So they can still get tracked when the currency is swapped into real world assets.

 

[minnimus]

Two answers youre questions
"Is Bitcoin Overvalued?"

In my opinion NO WAY undervalued if anything.

It is in it's "design" to go up intrinsically in value and can't ever be overvalued because of many factors
Such as
Reverse inflammation.....

And regarding anonymous money, I predict that XRP or Monero will shout up in value and is actually a grait investment (If im a tru fortune teller.) I say the PRICE of Monero will fly up to minimum low 10k USD and Bitcoin will matk the 180-300k usd before you know it or within 4-5years

I've been correct about the ups and downs of BTC value for some years now in my forecast

You'll see, I use to be a miner and had like a dosen ASIC's working for me 24/7 on the 256SHA algo for 3 years. I payed upto like 6500usd in electricity for something like 2 months, still it payed of or until my coldwallet "froze" and my Binance account got hacked and I was locked out of it with a FIDO2 (Yubikey) so basically unshakable unless you are being targeted specifically

Trust me plz and USE you're money now when you can,don't dwell to much on it its just money
U can moustofthetime make it iEASY


MONERO

 

[yuki]

The perspective of bitcoin wasn't designed by privacy and anonymity , it was the more likely to be glitched out from the central bank and keeping there own asset and make it value from each other and it have official supply set that are limited so player can add more value in it however Monero's official supply is set at 18,400,000 XMR. , The total issuance thereafter is not limited. After the total issuance is reached, 0.3 XMR is issued under the name "tail emission" on a constant basis every two minutes thereafter. The reason for this system is to provide people with an incentive to maintain the blockchain in addition to the commission after the mining compensation is over.

Bitcoin and Moreno have different concept and different total supply from the ecosystem.
One is more focus on Privacy and one is for store value.
I don't think bitcoin have been over-valued , why Black-rock and other big operation are so obsessed about bitcoin?
they want to manipulate the market and get the control of the ecosystem.