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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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.
Exactly thank you!
it’s going up forever piecover, forever!
Lol thanks!
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.
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/
Good point! Thank you!
Tell them no one knows and the price may go up or down a lot. And that if history serves, it will do both.
Thats a good neutral answer thank you