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RE: Worried about the price of Bitcoin not going up? Something to think about...

in #bitcoin7 years ago

*8k for 1 Bitcoin? Now that's astronomical! Will it ever come down low enough for the average Joe to get a hold of even just one.

I need to take up economics to figure out this conundrum!

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It does not really matter if you own a whole bitcoin. I believe you can buy very small fractions but you get same percentage gains or losses as somebody holding 1 bitcoin or 100 bitcoins

Oh, I see. Thanx for the explanation...much appreciated.