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>> The good news is that it's a perfect time to buy more bitcoin and ether at a discounted price. Why is it discounted? Did their PE drop or what? I mean, why?
by tryingagainbro 9y ago
>> The good news is that it's a perfect time to buy more bitcoin and ether at a discounted price.
Why is it discounted? Did their PE drop or what? I mean, why????
- stanleydrew 9y agoBecause the price you can pay today is lower than the price someone else happened to pay a few days ago. It's purely psychological. Most people who claim BTC is discounted now at $3500 probably also believe that BTC is a long-term good "investment", which would imply that they also think it's "discounted" at $5000. I guess this is obvious to all, but there are no well-understood "fundamentals" yet for BTC. The most charitable thing you can say is that buying at $3500 now is a better deal than buying at $3500 previously, given it's now been revealed that someone was willing to pay $5000 at one point.