Does Bitcoin Overvalue?

Verge (OROSK.com)

Price of Bitcoin was US$0.05 in the 2010, reach more than US$15,000 at the end of December 2017. If you spend US$2000 to invest in Bitcoin, then you got US$92 million recently.

The question, is thousand percent increase in value of Bitcoin sustain much longer?

Bitcoin reach highest price at US19,00 on December 16, 2017. Going down afterward to US$14,000 in the early January of 2018. Then, increase to US$ 17,000 several days ago.

Last year, Bitcoin dominate cryptocurrency market by around 80%. This percentage shrinking to 36% equal to $233.6 billion in value at the beginning of this year.

Thus, the booming of Bitcoin is over likely. Sure, Bitcoin may increase its value in long term, but not skyrocketing as used to be.

Off course, there are other cryptocurrencies might be next booming, some of them are Verge (XVG) and DigiByte. Values of these two cryptocurrencies below one dollar.

Imagine if they like Bitcoin with such incredible booming. You will be next millionaire if you invest for these cryptocurrencies. In fact, Verge and DigiByte have ballooned more than 100 times in the last two months.