[Japanese translation] The price of Bitcoin is not "too high"

Quite terrible.

Bitcoin Cash (BCH) is undergoing a hard fork and Bitcoin Cash Classic (BCH Classic) is about to be born,around June 2018 there was talk that the mainstream would shift from Bitcoin (BTC) to Bitcoin Cash (BCH)and with such chatter emerging, it might be like a “great transfer of value” happening right before our eyes... is this the current situation?

I am very interested in, including the pros and cons, that Bitcoin—which is supposed to be money—can branch off so easily like this.

And, for example, new lines of thought like this have emerged, and it feels hard to understand, haha.

Is BCH an altcoin?
If the mainstream becomes BCH, does BTC become an altcoin?

It makes no sense

— Trend Stream (@TrendStream)November 11, 2017

Among all this, there was an article that pondered what exactly is too high a price, so I translated it, please read.

The price of Bitcoin is not “too high”

I constantly hear remarks like: “It’s wonderful that you were involved in crypto from the start. But Bitcoin has risen so much in price that I can’t justify investing now.”

This is, in my view, one of the dumbest statements I’ve heard about cryptocurrencies and Bitcoin. There are several reasons I say that.

People do not know that you don’t have to buy Bitcoin in full

Buying Bitcoin isn’t the same as going to a grocery store and buying 1 gallon of milk for $3.24. In a grocery store, you either buy a gallon or you don’t. You can’t buy just $1 worth of milk. But with Bitcoin, you can achieve that.

You don’t need to buy a full one Bitcoin at $5,560 (price at the time of writing); buying a partial amount is also a perfectly valid way to purchase. For most people, $5,560 is not money they have on hand and not something they can casually invest in crypto. It’s fine to start with as little as $1. You can simply buy $1 worth of Bitcoin.

For anxious people, owning 0.9 Bitcoin, or more realistically about $100 worth of 0.02 Bitcoin, may feel odd. What’s important here is to acknowledge the following and conquer your nerves.