Bitcoin Forum

Bitcoin continues to push past $4700 as Charlie Shrem claims any price below $100,000 per coin is “cheap.”

Part of an increasingly large and prominent group of well-known names highly bullish on Bitcoin, Shrem made the comments on Twitter Thursday as the overall cryptocurrency market cap topped $170 bln.

https://cointelegraph.com/news/bitcoin-price-at-4750-and-counting-as-charlie-shrem-calls-below-100k-cheap

this news is true, any price below 100k usd is cheap for bitcoin, we should consider that at first, bitcoin is valued below 1 usd, and as time goes by, it is true that bitcoin is gold 2.0. here in my country the price is almost a quarter of a million whwn converted to our money, however aince some of us just invested this year, we are advising them never to look at the value of our fiat money, since it is already weak against the dollar, we advise them to look at the value of.bitcoin in dollars, if it reached around 10k usd, they may find it difficult to buy bitcoins, instead they should earn it, so they can accumulate enough fractions of bitcoin to create 1 bitcoin. this news is also great for those who are lacking focus, they need to remember the price is still below 100k usd, you can still buy it cheap.

I would say that every price under 500K USD is cheap,but that doesn`t matter.
Bitcoin is still more like a store of value and a speculation asset,not a real currency,which means that there aren`t any new businesses who accept btc payments.Without mass adoption from the real industries,btc still looks like a speculation bubble made to make some easy money for the big whales.

Now the price is already above 4800$. If it continues to grow with that speed soon we will be sorry not to buy it at 5000$. But 100k still loks much exaggareted to me and I don't think it's possible. The truth is we should take every opportunity to buy coins when we can and create a chance to make nice profit in the future or in convenient moment.

That's how relativity works... when a guy who has hundreds of millions says cheap, he means relative to his wealth. Bitcoin was not "cheap" to practically 90% of the world even when it cost $50. But yes, I think if you're looking at crypto as a long term investment, you have to stop looking at the price. Set aside the money you want to invest, choose the project/coin you believe in after copious amount of research. Then forget about keeping an eye on the price. That all becomes irrelevant.

While I always welcome the news of Bitcoin price going high his statement is bit to much vague, and I don't really think it makes any sense, but I would say the prices does look cheap if someone is in for the very long haul, if all works good who knows we may see 5k very soon, there was news of Uber accepting it in one country, and I hope other countries also accept it. Bitcoin market is touching new heights, I would say it's affordable considering it can shoot up further.

Adoption isn't really still on its full extent and as you said It would really be just act as a speculation asset on which price would really be affected if big players would come in but the main motive here for them is on making money not totally concerned about on its actual usage or the purpose on why its being created.Lots of speculations on here and its not really new anymore 500k,100k usd price speculations isn't really realistic at all.

I will believe bitcoin will be higher in the future and make every one happy, but the least favored is the transaction fee which is also more expensive.

yeah below $100k is cheap if you buy it. but if the value of bitcoin pump over $100k it is difficult to us to buy some of it, it is up to us whether to buy or work to have a bitcoin. but for me its better to work instead of buying it. i admit that i cant afford to buy any single digits of bitcoin to hold until it pump much more than its value from now.

You can not just take and raise the price, you need a real infusion of funds. 20 million bitcoins for $100,000 will need $ 2,000,000,000,000

of course it is cheap!
as long as we dare talk about price of 1 whole bitcoin, you can be sure that it is still very cheap. but the day that all the news segments and everyone one talking about bitcoin price started talking about "1 satoshi" price is the day that you can be sure price is high.

right now you have to open a calculator or think a little while to come up with how much 1 satoshi is worth. this means we have a long way ahead of us in the "cheap" era.

Still a lot of people to enter the crypto market, so I believe it is easy for the price to keep going up