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by sreyaNotfilc 3132 days ago
I feel its too late for me to buy in and to get any value out of Bitcoin. 3 years ago (when it was around $350 per coin) I asked my friend about buying one up and I received a pretty good reason not to jump in.

3 years later and it looked like I made the wrong choice. I don't have $10,000 just hanging around to buy into one whole coin.

Oh well...

3 comments

It's just as easy to buy $350 worth of bitcoin today as it was 3 years ago. There is no real reason or advantage to buying whole coins.
If you think there is a chance that Bitcoin will continue gaining value long term:

- Decide what you think a bitcoin could be worth in X years

- Multiply that by the probability that outcome occurs

- That's your 'fundamental' price

Ex. if you think bitcoin has a 10% chance of being worth $100k in the future, it is rational to buy at prices up to $10K.

(some time-value of money handwaviness, but can be a useful way to look at things. ideally should be compared against other investments)

You don't have to buy a whole coin though.

Bitcoin can be broken up. You can buy 0.01 BTC for $100 if the price is $10k.