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In reality it is grossly under valued if you account for cost to mine. If you were to mine yourself it would cost you over $100k plus 10 years of your time for maintenance.
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memes are way over priced, start investing in top tier Alts like ADA and DOT
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it's just testing the new support level it's actually a good thing. I was shocked seeing it dip back to close to $6 USD when I woke up.
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could happen today
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Bitcoin is so undervalued... Bitcoin is still super cheap if you consider it would cost almost $120,000 USD and about 10 years to mine 1 Bitcoin at home not including the almost $20k in equipment and maintenance plus upgrades along the way. If Bitcoin was a business $200k USD per coin would still be too low once you added additional overhead with employees and managers, plus space to mine. I personally feel like $300k USD is just cracking the surface, but in less than 4 years it has to at least double that price or more to become profitable again. So don't be shocked if it hits $1m in the next few years. It has waited over a decade to become a legitimate asset class with a lot of people watching in disbelief for all these years... until now. In just a few months Bitcoins ETF is on pace to pass that of Gold and has a market cap total higher than that of spot silver. Incredible is my thought, but grossly misunderstood and under estimated. I am not saying go all in, do your own research and never invest more than you are willing to lose. The lack of understanding in my opinion is why Bitcoin is such a volatile asset, studying it yourself will broaden your view in several aspects of the world, money, politics and finance. #BTC
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