Quote from: Samlucky O on Today at 07:23:12 PM

Quote from: Sobz on August 17, 2024, 05:51:35 PM

Some people always think bitcoin is expensive but it is not. For instance if 1 bitcoin is = $10,000 we will say it is too expensive and when we look at the price in next two years it can be double($20,000-$30,000) and we realize that bitcoin at $10,000 was very cheap and something very affordable. The future will always make us understand that bitcoin is not expensive, we only miss expensive opportunities that we won't be able to get back.

We will only realised that bitcoin price was not actually expensive due it the high volatility. No doubt what you said is true. For example Late last year's to early part of Q1 2024 bitcoin was very dip which 1bitcoin was supposedly within $15k to $20k and now bitcoin is heading to $100k. So this makes it nealy%200 so we will still expect more hight as time goes on. Certainly bitcoin will hit $1m and we will complain about it being cheap at $500k.

There are some people who only focus on the past price and current price of Bitcoin. They don't think how much the price of Bitcoin can go up in the future. Yes, at the end of 2022 when the price of Bitcoin was around $15k many thought that Bitcoin was expensive. Now that Bitcoin is worth $95k they will now think $95k is expensive and think $15k was too cheap. Bitcoin is still considered expensive by many because they don't know that in the future Bitcoin will be worth $1M dollars. Yes you are right, I also believe 1 bitcoin will be $1M in future and many will think 100-200-300-400k was cheap now $1M is very expensive. So Bitcoin is never expensive, Bitcoin price will increase more in future.