Quote from: Maddinson100 on August 31, 2018, 04:19:26 PM

I mean this is bitcoin, yes sometimes it is low, sometimes it goes high, it is a volatile market we are in and there is no reason to get excited about on both of them since the other will be just around the corner to balance things out.

Can you point me to any price level this year that was actually low according to you? In my book we haven't seen the price be undervalued at all this year, and for that reason don't understand all this panic.

If the price was actually undervalued the market would have bought it up again in a quick fashion. Historically Bitcoin spends more time being overvalued rather than undervalued, and that applies to current levels as well.

I consider prices around the $4000 mark to be undervalued and thus an extremely good buy. $5000 is a good buy, where buying at current levels is more like a 50/50 bet in all fairness.