Post
Topic
Board Bitcoin Discussion
Re: The ideology of Bitcoin
by
DannyHamilton
on 13/08/2021, 10:56:52 UTC
...the price is somewhat ok within the range of $40k to $60k. If the price rises so high above $100k, it might scare many who will think it's too late away.

The smallest unit of the Bitcoin currency is commonly called a "satoshi".
At $40k per "bitcoin", the cost of a "satoshi" is $0.0004 (4 hundredths, or 1 twenty-fifth, of a penny!).
At $60k per "bitcoin", the cost of a "satoshi" is $0.0006 (6 hundredths, or 3 fiftieths, of a penny!).
At $100k per "bitcoin", the cost of a "satoshi" is $0.001 (1 tenth of a penny!).

I don't understand why anyone would think that a tenth of a penny is "too expensive" or why a tenth of a penny would scare anyone away.