It’s too late to buy Bitcoin, it’s too expensive! This is one of the most stubborn misconceptions about Bitcoin and one that we are going to wrestle with once and for all today. For those new to Bitcoin and cryptocurrency more broadly, the parameter they look at first is often the price of the cryptocurrency in question.
Classic case: Thierry heard about Bitcoin, he read a few articles to understand the basic principles of this cryptocurrency and very quickly he was seduced by this revolutionary way of transferring value and being in 100% control of his own money. So he decides to buy some. He goes for a walk on the Coinmarketcap site, which shows in real time the value of all the cryptocurrencies listed there and there is panic in his eyes. He notices with dismay that the price of Bitcoin exceeds $ 10,000. He is desperate because he only had $ 1,000 to invest. He tells himself he arrived too late and let the cryptocurrency train pass. Well no! The ticket to board the Bitcoin train is not $ 10,000. You set the price of the ticket! Explanations.
The price of ONE Bitcoin, at the time of this writing, is effectively over the US $ 10,000. But you don’t have to buy an entire Bitcoin. You could very well buy a small part of a Bitcoin, a fraction. It should be known that a Bitcoin can be divided up to the eighth decimal place, or 0.00000001 BTC. This unit is called a satoshi in reference to its inventor, Satoshi Nakamoto.
So concretely. Thierry with his 1000 dollars can perfectly buy Bitcoin. It will have about 10% of a bitcoin (0.1 BTC). The same goes for someone who would only like to buy $ 100 worth of Bitcoin or even $ 10. So don’t be fooled by the “high” price of Bitcoin anymore.
To learn more about Bitcoin, read our guides.
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