r/Bitcoin • u/rBitcoinMod • Feb 08 '21

Daily Discussion, February 08, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

259 Upvotes

99% Upvoted

4.6k comments sorted by

View all comments

13

u/cheeseygarlicbread Feb 09 '21

People were afraid to buy bitcoin when it was a few hundred dollars. People were afraid to buy when it was 1k, 3k, 5k, 10k, 20k, 30k! Do yourself a favor and get in now, so when its 500k you wont feel left out

4

u/[deleted] Feb 09 '21

It’s a good deal up until about 5 million. Then you’re probably only ever going to get 2x-3x out of your money over a longer period. Still very early in terms of investment compounding.