To me there is no price for Bitcoin in terms of fiats, but for normies out there who still see it as a get rich quick game they are still asking if it's cheap or expensive my answer is obvious it was $69k just a couple years ago so it's still at a 50% discount, and to honest I don't care the price is a distraction. But I don't know about you guys/girls what do you think?
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40 sats \ 1 reply \ @0xbitcoiner 20 Nov 2023
If your friend asked that question, the best thing to do is to advise them to study bitcoin. When they know enough, they will know if it is cheap.
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0 sats \ 0 replies \ @piecoverBTC OP 20 Nov 2023
Exactly thank you!
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11 sats \ 1 reply \ @k00b 20 Nov 2023
Tell them no one knows and the price may go up or down a lot. And that if history serves, it will do both.
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0 sats \ 0 replies \ @piecoverBTC OP 20 Nov 2023
Thats a good neutral answer thank you
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10 sats \ 1 reply \ @southside263 21 Nov 2023
it’s going up forever piecover, forever!
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10 sats \ 0 replies \ @piecoverBTC OP 21 Nov 2023
Lol thanks!
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10 sats \ 3 replies \ @quark 20 Nov 2023
if they want it as a way to sell it later and get some returns, it depends on how much they can wait. it is always cheap if you can wait 4 or more years to sell it. The more years, the cheaper it is. That's in case you want to sell it. You shouldn't sell it. so it is always cheap.
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10 sats \ 1 reply \ @quark 20 Nov 2023 freebie
another way to know I remembered the bitcoin rainbow... red is expensive, green is cheap, blue is BUY AS MUCH AS YOU CAN NOW!
https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/
0 sats \ 0 replies \ @piecoverBTC OP 20 Nov 2023
Good point! Thank you!
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