5 ms·
Fred Wilson from AVC is pretty bullish on bitcoin. His advice was to have 10% of networth in bitcoin! but, I don't know if he meant you should buy in at the p
by pascalxus 9y ago
Fred Wilson from AVC is pretty bullish on bitcoin. His advice was to have 10% of networth in bitcoin! but, I don't know if he meant you should buy in at the price it's at right now.
But, unlike the stock market, or the housing market, there doesn't seem to be any PE ratio we can keep an eye on to determine whether or not bitcoin is over valued or under valued, so it really feels like a crapshoot.
- millermp12 9y agoSee NVT (network value to txn ratio?) Not a perfect analog but worth following. By this metric BTC is still cheap although a lot of churn from exchanges clouds this number.