Bitcoin is still not big at all, and thus not expensive (IMO) here is why:

[junoreactor]

Hi folks,
It is been several times on this forum I read "Bitcoin is too expensive now", and every time I reply that it is just a matter of supply and demand and nothing else. Noobs get "impressed" by the $7 000 number (or 5 / 6 000 whatever) without thinking properly IMO. This number of 7 000 means nothing if not put into comparison with all the different markets in the world.

This article will save me from writing more. Please read and see how tiny Bitcoin is when compared to other markets.

Enjoy, and I hope it will educate some.


One last thing: this is the reason why (IMO) Bitcoin has a huge potential in price in next 5 years. This is my personal opinion and not a recommendation to buy.

Regards.

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[junoreactor]

Bumping this thread because it is worth a read.
Also explains why the price of Bitcoin is still extremely volatile but we should slowly head to more stable price (I mean less spikes) with more and more people buying Bitcoins and holding.  

[darklus123]

Hi folks,
It is been several times on this forum I read "Bitcoin is too expensive now", and every time I reply that it is just a matter of supply and demand and nothing else. Noobs get "impressed" by the $7 000 number (or 5 / 6 000 whatever) without thinking properly IMO. This number of 7 000 means nothing if not put into comparison with all the different markets in the world.

This article will save me from writing more. Please read and see how tiny Bitcoin is when compared to other markets.

Enjoy, and I hope it will educate some.


One last thing: this is the reason why (IMO) Bitcoin has a huge potential in price in next 5 years. This is my personal opinion and not a recommendation to buy.

Regards.

Basically, you were trying to impose always that it is your opinion. So wether its true or not it does not matter since that is an individual  perspective of how we see bitcoin market. What is funny is that we are just talking about digital currency here that is worth $7000. Those who gets impressed are an obvious small time earners so you can't blame them either cause "In their Opinion" it is already high

[GoldenOrder]

Very interesting article.

[wer9d25gqj]

Hi folks,
It is been several times on this forum I read "Bitcoin is too expensive now", and every time I reply that it is just a matter of supply and demand and nothing else. Noobs get "impressed" by the $7 000 number (or 5 / 6 000 whatever) without thinking properly IMO. This number of 7 000 means nothing if not put into comparison with all the different markets in the world.

This article will save me from writing more. Please read and see how tiny Bitcoin is when compared to other markets.

Enjoy, and I hope it will educate some.


One last thing: this is the reason why (IMO) Bitcoin has a huge potential in price in next 5 years. This is my personal opinion and not a recommendation to buy.

Regards.

I should keep this in mind. Thanks.

[cpfreeplz]

I think it's funny how over the years I've told the same people that you can buy very small portions of bitcoins but they still ask me. Especially now that they hit 10k. I guess the mainstream news was all over that. People love when things hit arbitrary numbers. Woop dee doo lol. Durp.

I just hate seeing these fools coming in looking for "cheap coins for under $1" . Buy a small amount if bitcoin. Or earn it. Don't just buy some infinite supply shitcoin.

[junoreactor]

I think it's funny how over the years I've told the same people that you can buy very small portions of bitcoins but they still ask me. Especially now that they hit 10k. I guess the mainstream news was all over that. People love when things hit arbitrary numbers. Woop dee doo lol. Durp.

I just hate seeing these fools coming in looking for "cheap coins for under $1" . Buy a small amount if bitcoin. Or earn it. Don't just buy some infinite supply shitcoin.

Just like two days ago I was explaining Bitcoin to some friends and one of them told me that: 10,000 is too expensive, I will wait until it go down so I can buy 1.