1 Bitcoin was once valued at around $0.00655

[serjent05]

I’d like to know, do you still think Bitcoin is too expensive right now considering that many people were willing to bid lower in that old thread?

Hard to compare from the past prices of it more than a decade ago. People would that even a dollar for Bitcoin is expensive when they don't have confidence in it.
The same goes today after reaching ATH of $126k and when it was down by more than 50% several weeks ago. People would say the same thing that it's still expensive.

And don't you believe Bitcoin will exceed $1 million? Share your thoughts as well.

I believe someday that we'll all celebrate that milestone for Bitcoin when it reaches $1M.
But the problem is that how many holders are going to sell when it's on its way there. Because if it reaches $500k, there will be a lot of sellers probably.

If Bitcoin reaches $500k, I am sure that there will be lots of buyers already, so I think we don't have to worry on those who wanted to take profit on that day Bitcoin breaches $500k.

Well, we have seen how the Bitcoin price has surged and how Bitcoin adoption has progressed over the years.  whether Bitcoin will reach $1m  still relies on how the world embraces Bitcoin in these next decades.  I am optimistic that Bitcoin will reach $1m one day so I think for those who are planning to accumulate Bitcoin, it is not too late, and we can still profit from our Bitcoin investment after several halvings.

[aoluain]

I’d like to know, do you still think Bitcoin is too expensive right now considering that many people were willing to bid lower in that old thread? And don't you believe Bitcoin will exceed $1 million? Share your thoughts as well.

17 years in and multiples of that to go yet, we havent even got out of 1st gear!

If you are in the group who are scrambling and struggling to achieve BTC1 the value is waaay
too expensive but if you are in the "When Lambo/To the Moon" group $1,000,000 market value
jyst cannot come quick enough for you - so its a matter of perspective and expectation as to
Bitcoins value.

Thankfully I am in neither group.

[Cookdata]

Bitcoin has taught us that no innovation should be ignored or neglected. Bitcoin was the first coin of the crypto journey, which was the beginning of the innovative journey of crypto, no one may have been interested in being a part of that journey at that time. But their reluctance has proven how wrong they were just a few years later. As time goes by, the mistake will continue to be proven to be a deeper mistake. So the beginning of any innovation journey should never be neglected.

Bitcoin is not very expensive yet, its demand is increasing day by day, so $ 1 million may be seen in the next few years. We still have the opportunity to correct that old mistake, although that mistake is not possible to correct completely

Bitcoin wasn't even looking like investment then, anyone with computer could mine and get some, more reason why it wasn't too valuable the time but over time, it became popular, common computers couldn't mine it until you get a some specialized hardware miners. It became mainstream and gradually it became something some people value. We had more concentrated miners from China, this is why when the government banned Bitcoin, we had so much dumped because miners sold their coins due to government regulations.

Looking at how expensive the price is today and how Strategy breaks the banks to buy billions to their reserve, I'm sure that if he has a way to raise half of that money around 2010 he would have his hands on more than 50% of the supply but today he can't even get 10k with such amount. That is today price, we don't know how expensive it will get in the next 10 year, let's hope the fantasy of countries reserved doesn't break and fade, that's  when it will become crazy.

[MusaPk]

If Bitcoin reaches $500k, I am sure that there will be lots of buyers already, so I think we don't have to worry on those who wanted to take profit on that day Bitcoin breaches $500k.

Well, we have seen how the Bitcoin price has surged and how Bitcoin adoption has progressed over the years.  whether Bitcoin will reach $1m  still relies on how the world embraces Bitcoin in these next decades.  I am optimistic that Bitcoin will reach $1m one day so I think for those who are planning to accumulate Bitcoin, it is not too late, and we can still profit from our Bitcoin investment after several halvings.

Those who are confident that Bitcoin price will reach $ 1 million in coming years can buy Bitcoin now. For such people buying Bitcoin at $70,000 or $120,000 won't make any difference because they will take profit once Bitcoin will touch $1 million. The way Bitcoin price has gone up from 0.04$ to $120,000 in just 17 years, gives us an idea that price can go up to $ 1 million in coming years. Don't think that Bitcoin price is very high at the moment because we are not sure how further high Bitcoin price will go from here. 

[B-BossMan]

The Very Early Bitcoin Exchanges of 2009 to 2011.

 Wow, so amazingly, this kind of growth is truly a mind blowing, when you look at the bitcoin back then, bitcoin started at just a fractions of cent and if we are to compare it today, it has really shown how powerful it can be in growth and values imagine those early adopters who understood the potential growth back thenand tends to invested just small amounts funds then, they must have seen life changes returns  over time, it wasn’t luck alone but vision and patience. Bitcoin has actually consistently proven itself resilience even in the market cycles, and looking forward from now it still has strong value and making it even more relevant globally.

[Mrbluntzy]

Bitcoin is expensive considering the starting price and the price it is selling for today, the leverage we have is that it is divisible and people can buy a small fraction of it with the money they can afford. If Bitcoin was not divisible in its nature, mate, so many people in the 3rd world would not afford it, even many people in first or second world would not afford it except only the rich people. Comfortably, anyone can just buy any amount of Bitcoin with the money they have at hand and if the person wants to actually own 1 piece of Bitcoin, they can just set a flexible amount that they would be able to invest every month.

Since Bitcoin was able to reach $120k+, it's definitely going to reach $1m in the later future, that's what a real asset does and Bitcoin is that asset that has a better future.

[promise444c5]

No it’s not.. the previous wasn’t really about being expensive either.

About the $1M..There’s only one way to find out, stay alive and stack enough by then.

Will it ever get there?  Not sure anyone can really tell that at the moment but whatever happens I know Bitcoin will always be a good investment and what it was initially created for will always hold so far we are all willing to  support It in  one way or the other.

[Renampun]

snip
I’d like to know, do you still think Bitcoin is too expensive right now

If you look at Bitcoin at its current price, you will definitely say it is expensive because you are looking at the price of 1 Bitcoin, but what if you look at it in smaller amounts? It will be much more affordable because it is seen in smaller units. So whether it is expensive or not depends on the perspective you use; if you look at the full price per unit, of course it will be more expensive, but with smaller units the price can be more affordable. you don't have to buy 1 Bitcoin so that you can invest in Bitcoin, with smaller units it is also possible because investing in Bitcoin can be flexible according to your budget.

[Versatile_choice]

The way bitcoin appeared and stopped many of us a lesson to always arrive early on any opportunity that comes onboard, even though this does not mean that we should be hasty about making decision and fall into the hands of scammers, taking our time to make the necessary research about an opportunity and also taking quality risk control measures to prevent us being a victim of any fraudulent activity, once we have been satisfied with our information gathered, then we can risk it to invest on in certain amount we can afford to lose.

You know, this is just about risk taking. of course those that invested in bitcoin from the very beginning didn't know that bitcoin will go this far rather they just decided to risk it and see how it will play out. And sure it's good to follow some certain opportunity when it comes because we don't know the one that will change our life for good just like bitcoin have changed the life of those that invested from the very beginning. Truly this thought us a very big lesson but that doesn't mean we can't skip opportunity of course there are some people that doesn't like risking thier money in something they have zero clue about the potential more especially during the early stage it's when the potential is reviewed that they will want to take advantage by then it will be very expensive.

[Stalker22]

In hindsight, it is easy to call yourself “smart” when comparing today to 16 years ago and saying how those 10,000 BTC were worthless because at that time there was neither Infrastructure, nor Trust, nor Liquidity.  Now that Bitcoin is regarded and traded as an asset on Wall Street, the market dynamics surrounding it are completely different from how they were 16 years ago.  The question of "is it too expensive," is now much less dependent on things done 16 years ago, but rather can be more precisely measured by how much more available global capital exists, and how much opportunity exists relative to that available global capital.

If Bitcoin ever hit one million dollars what would be the effect on the rest of the market?  Is that even possible, given the current amount of money in the world?  I think so, yes.  It is very much possible.

[Odogwu-Blockchain]

I’d like to know, do you still think Bitcoin is too expensive right now considering that many people were willing to bid lower in that old thread? And don't you believe Bitcoin will exceed $1 million? Share your thoughts as well.

Bitcoin can never be so cheap again no matter what, the scarcity had increased and the value increased also to the point crawl before having some piece of it, there were times there was free bitcoin for doing certain tasks, earn off faucet and many more. And yes, bitcoin could reach million dollars per one but the time to attain that height is not known.

[Catenaccio]

Wow, so amazingly, this kind of growth is truly a mind blowing, when you look at the bitcoin back then, bitcoin started at just a fractions of cent and if we are to compare it today, it has really shown how powerful it can be in growth and values imagine those early adopters who understood the potential growth back thenand tends to invested just small amounts funds then, they must have seen life changes returns  over time, it wasn’t luck alone but vision and patience. Bitcoin has actually consistently proven itself resilience even in the market cycles, and looking forward from now it still has strong value and making it even more relevant globally.

Time flies fast, Bitcoin has grown very strong and impressive, while there are people who exposed to Bitcoin early, took opportunities but exited too quickly and they have felt regretful with their exit decisions. It's possibly reason for them to comeback to Bitcoin market, buy bitcoins again, as they can do it anytime they want to reenter this market.

With experience more than pure newbies, they have advantage for sure, it's just again their ability of making right decisions for their investment, longer holding practice, and enjoy Bitcoin magical growth in both adoption, value and price.

[Shinpako09]

Before, in my early years, I thought $100k was impossible. So if you’re going to ask me right now if it’s possible to reach $1M or even exceed it, I’m not going to say it’s impossible again. Although it will probably take years, it’s still possible. Governments, different companies, organizations, and wealthy individuals have already gotten in.

Who knows, maybe other countries will follow through soon, which would make it even more possible for btc to reach $1M. That would be like widespread global adoption.

[Darker45]

I don't think it's too expensive, especially today when the price has gone down far from its ATH. Bitcoin's ATH is always temporary. Sooner or later, it will be surpassed.

Apart from that, Bitcoin's adoption remains low. There may not come a time when everybody uses or at least becomes fully aware of Bitcoin, but I'm sure the rate right now is still too low.

But above everything else, the fundamentals of Bitcoin strongly suggest it has so much potential. The mere fact that it's decentralized is more than enough for more people to get into it, at least partly. And then there's the fact that it's probably the only asset that's guaranteed to have a fixed supply.

[maydna]

I knew that price after I see the price reached at $800. But we can't turn back the time to that year because we need time machine to go back and buy as many as we can even we willing to borrow money to buy Bitcoin.

People still feels that Bitcoin now still too expensive to buy so they delay and thinks that the price will fall. They don't think using Bitcoin as their long term investment, same as they do with gold, stocks, and others instruments.

They just see the price and not see the function in the future and what they can get next but that is up to them as we can't force them to buy now.

[yhiaali3]

Many of those who saw that auction at the time probably felt that this was a crazy offer with no value, given that Bitcoin was an unknown currency. They probably wondered to themselves at the time, who would pay $50 for nothing?! But today they are surely crying out in regret for missing that rare opportunity.

Perhaps if we had attended the auction at that time we would have said the same thing, but unfortunately rare opportunities only come once in a lifetime, and the lucky ones are those who have a forward-looking view of the future and take advantage of rare opportunities before it is too late.

[bitbollo]

I have always seen in my years people saying = bitcoin is too expensive. 
My question has been always = What is should be now the right price? or the best... What should it be the reason for a specific price?
I have shared my passion for this argument since 2015 even in "multinational" working environment (I would say people that could understand not only the raw numbers).
It's really interesting to see that many have clearly no idea on how a fiat-price can be derived or at least what has driven a specific evaluation.
But the assumption 1 btc = 1 btc could be pretty valuable in an economy full bitcoin based.
I am not expecting this really soon, but it's evident that we would start soon to see places where "fiat would be meaningless".
Yes, this approach could sound in a certain way visionaire, but if we deeply understand the roots of bitcoin, "why we are here", this could be just the next step...

[JaanusRaim]

Every era has its "Bitcoin" - a gem that is felt like trash.

[Catenaccio]

I have always seen in my years people saying = bitcoin is too expensive. 

It's how the market works, there are buyers and there are sellers at same price in the market. Buyers see that price is cheap while sellers see a same price as expensive and want to take profit with selling. Buyers purchase bitcoin at that price because they believe it is cheap and price will grow more while sellers see it is expensive and consider that price is good for taking profit and exit.

My question has been always = What is should be now the right price? or the best... What should it be the reason for a specific price?
I have shared my passion for this argument since 2015 even in "multinational" working environment (I would say people that could understand not only the raw numbers).

Prices and time are strongly correlated with each other in the market while timing the market is very difficult and most of us can not timing the market accurately.

[X-ray]

Wow, so amazingly, this kind of growth is truly a mind blowing, when you look at the bitcoin back then, bitcoin started at just a fractions of cent and if we are to compare it today, it has really shown how powerful it can be in growth and values imagine those early adopters who understood the potential growth back thenand tends to invested just small amounts funds then, they must have seen life changes returns  over time, it wasn’t luck alone but vision and patience. Bitcoin has actually consistently proven itself resilience even in the market cycles, and looking forward from now it still has strong value and making it even more relevant globally.

And that happened just within less then 2 decades, it's truly mind blowing indeed. Bitcoin's value come purely from retailer on the early days growing higher and higher not because random investors injecting capital making the valuation overly inflated but because of pure demand.

You don't see this kind of thing happening too frequently, in fact it's pretty rare. Majority of stocks could reach trillion because early investors wants to value that way. Bitcoin is different.