4 ms·
I feel its too late for me to buy in and to get any value out of Bitcoin. 3 years ago (when it was around $350 per coin) I asked my friend about buying one up a
by sreyaNotfilc 9y ago
I feel its too late for me to buy in and to get any value out of Bitcoin. 3 years ago (when it was around $350 per coin) I asked my friend about buying one up and I received a pretty good reason not to jump in.
3 years later and it looked like I made the wrong choice. I don't have $10,000 just hanging around to buy into one whole coin.
Oh well...
- brosirmandude 9y agoYou don't have to buy a whole coin though. Bitcoin can be broken up. You can buy 0.01 BTC for $100 if the price is $10k.
- dagw 9y agoIt's just as easy to buy $350 worth of bitcoin today as it was 3 years ago. There is no real reason or advantage to buying whole coins.
- cwkoss 9y agoIf you think there is a chance that Bitcoin will continue gaining value long term: - Decide what you think a bitcoin could be worth in X years - Multiply that by the probability that outcome occurs - That's your 'fundamental' price Ex. if you think bitcoin has a 10% chance of being worth $100k in the future, it is rational to buy at prices up to $10K. (some time-value of money handwaviness, but can be a useful way to look at things. ideally should be compared against other investments)