Post
Topic
Board Speculation
Re: How come BTC is still so cheap?
by
Fortify
on 02/07/2021, 21:21:12 UTC
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!

By what metric do you assume it is cheap? "Potential" is a meaningless word in most circumstances and anyone who has been in business for a while can tell you that - the word is often banded around by people trying to sell assets they overvalue. Most investors in cryptocurrency want to achieve the huge gains that Bitcoin has achieved over the last yen years - a magnitude of 10x, 100x or even 1000x their initial input amount. For approximately every $35k of price in Bitcoin, it requires roughly $1 trillion to be invested - at it's peak of around $65k all the Bitcoin in existence was worth approximately $2 trillion and it has cut in half since that point. It can take mere millions or billions to multiply your asset value in much lower valued altcoins so it would make a lot more sense for new investors to look elsewhere.