Well, bitcoin does not have the same features as I had ten years ago, and it was a couple of months after it's launch the it actually had any value at all, after getting on it's first exchange.
The idea is, you can not start at the top, you do not expect bitcoin, a relatively unknown currency created by an anonymous developer to trade at anything but a few cents. The price consolidated over the years.
I wouldn't still say it's cheap those though when weighing it with my pocket, but compared to what it could be in a couple of years.