Quote from: Lee_Mire on July 01, 2021, 05:45:46 PM

Quote from: virtualdn on July 01, 2021, 10:22:44 AM

This is the only thing I don't understand right now. It is extremely cheap. The potential is huge, El Salvador goes all in BTC and people still don't have the eyes to see it. More countries will soon join in, people will regret it later for not buying but it's their choice. It's still so cheap and this is not normal!

I don't understand how you can say $35K per coin is "cheap". For an asset that is just over a decade old and that entirely exists electronically, $35K is an amazing price. Now, I'm not saying bitcoin cant go much higher but to describe $35,000 as "cheap" is plain wrong.

Cheap is for the most part a relative term, when we look at bitcoin and the fact that it was worth less than a dollar when it was created then a price of 35k for each coin seems expensive, but when we see the price it reached as its current all time high then 35k seems cheap and when we take into account how high the price will go during the next years then 35k seems like a bargain, as you can see the term cheap is very variable and if the person you quote think this is a cheap price then they are correct even if you do not agree with it.