Is Bitcoin Too Expensive For Me?

[Tribalchief]

Greetings to everyone.

As the crypto market continues to grow, we often observe its impact on all the tokens currently in operation. Due to the promotion and trend of these digital currencies, non-enthusiasts have begun to show interest, making purchases to profit for themselves or for other reasons that matter to them.

As a non-crypto enthusiast hearing about Bitcoin and others for the first time, I chose to get involved by making a few purchases, knowing fully well that the price of Bitcoin is high and my funds won't go a long way in terms of price difference.

Is it advisable to buy Bitcoin with the little amount I have, or should I rather go for altcoins that my funds can meet up with?.

[Obari]

Greetings to everyone.

Is it advisable to buy Bitcoin with the little amount I have, or should I rather go for altcoins that my funds can meet up with?.

Well frankly I wouldn’t advise you to rush into buying coins right now but rather focus more on knowing more about the atleast the basic concept of what you’re about getting involved with and I’m sure with time you wouldn’t need the obvious opinions of others to make your decision but since you’re a newbie, I would advice that you stay clear and off altcoins for now because most of these altcoins are at the end a pump and dump project that would end up blowing your funds if you’re not smart enough to know when to sell.
You shouldn’t be scared of the price of bitcoin at the moment but you should try preaching the DCA method which has to do with you buying bitcoin in batches at every instance you get to buy without having to break a bank.
Good luck and please focus on buying bitcoins for now if you must buy.

[Gormicsta]

Greetings to everyone.

As the crypto market continues to grow, we often observe its impact on all the tokens currently in operation. Due to the promotion and trend of these digital currencies, non-enthusiasts have begun to show interest, making purchases to profit for themselves or for other reasons that matter to them.

As a non-crypto enthusiast hearing about Bitcoin and others for the first time, I chose to get involved by making a few purchases, knowing fully well that the price of Bitcoin is high and my funds won't go a long way in terms of price difference.

Is it advisable to buy Bitcoin with the little amount I have, or should I rather go for altcoins that my funds can meet up with?.

First you need to have the mindset that Bitcoin investment isn't for a particular economic class, it's for everyone, and funny enough whatever amount you invest, you'll get the same equivalence with another who invests high, if the market is supposed to give you a 2x, and your financial capability allows you to invest just $100 and another richer investor invests $10,000. You both are still getting exactly 2x. So don't be greedy with profit and start from somewhere, you don't need to be a millionaire to invest in Bitcoin. Most of those investors who now own a good chunk of the coin started small and gradually grew their investment with time.
If you're scared of the process involved then it'll be impossible for you to take your first step. But once you've taken the first step then you're one step towards achieving your dreams, which is way better than not starting at all. So take that bold step and start from somewhere.

Like the other user said, you could employ the DCA method, DCA .means Dollar-Cost Average. It's just like having a piggy bank and dropping small amounts of money in there everyday, every week or every month, depending on how your income flow is. You could choose an amount or percentage to DCA with, and then use that amount and start buying your Bitcoin frequently and before you know it, you'll have a good number of Bitcoin.

[MUGNIA]

Is it advisable to buy Bitcoin with the little amount I have, or should I rather go for altcoins that my funds can meet up with?.

Buying small amounts is recommended for people who have limited funds but want to save in Bitcoin and use it as a long-term investment
If you buy altcoins, I would suggest you just buy bitcoin
Friends, why was Bitcoin created in the smallest form? That's the purpose so that everyone can have Bitcoin according to their ability, they are not forced to get 1 BTC straight away, but even in the form of cents, you can have it.
However, I emphasize that you must be careful in making an agreement in acting for this crypto
always DYOR

[0t3p0t]

Well it does not really matter if you buy  with just portions of Bitcoin but what matters most is the fact that you bought a denomination that in the future might grow. I personally don't buy but I save my Bitcoin earnings from signature campaigns. Bit by bit it will become a what we called wealth in the future.

[RockBell]

Since bitcoin is the motor that drives the body, other coins will also be impacted if it is harmed. People are obviously invested in bitcoin because of the potential for profit. Additionally, investing in bitcoin is simple; it can be done for as little as $10. Additionally, bitcoin is more secure than overhyped altcoins; all you have to do to stay in the cryptocurrency field is always make the proper decision. in order to prevent you from purchasing cryptocurrency, which would cause the project to just fail.

[TravelMug]

Greetings to everyone.

As the crypto market continues to grow, we often observe its impact on all the tokens currently in operation. Due to the promotion and trend of these digital currencies, non-enthusiasts have begun to show interest, making purchases to profit for themselves or for other reasons that matter to them.

As a non-crypto enthusiast hearing about Bitcoin and others for the first time, I chose to get involved by making a few purchases, knowing fully well that the price of Bitcoin is high and my funds won't go a long way in terms of price difference.

Good to hear that non-crypto enthusiast like you are hearing about Bitcoin. But I do believed that you are into the investment platform though that's why you keep on hearing about it from time to time and you become curious.

Is it advisable to buy Bitcoin with the little amount I have, or should I rather go for altcoins that my funds can meet up with?.

For me I would rather invest on Bitcoin, specially if you are in the long term here.

I suggest you used this tools: https://dcabtc.com/

Just buy with the money that you can afford and invest thru that strategy and for sure you're going to love that.

[Shahinaz]

there is no such thing as expensive if we have the intention to buy it and there is money, bitcoin can be purchased in part according to our capabilities, so don't feel sad if you don't have 1 btc at the start of the investment, some people in the forum get bitcoin from the results of their work and that too some of them are not 1 BTC, but with an attitude of persevering towards your goal, one day you will definitely be able to have 1 Bitcoin

[Hatchy]

Greetings to everyone.
Is it advisable to buy Bitcoin with the little amount I have, or should I rather go for altcoins that my funds can meet up with?.

It depends on how steady the little money you have comes in. It's not recommended to invest in Bitcoin without a reliable income source to avoid withdrawing your investment before making profits. So far, Bitcoin allows you to start with as little as $5, unlike other investments that require a large capital.

In Bitcoin, there are different strategies like DCA, lump sum, and buy-the-dip. The most commonly used is the DCA method. With DCA, you don't worry much about market volatility. You invest consistently, whether the market is high or low, and over time, your average purchase price levels out.

The key is not to let the amount you start with limit you. If you can consistently invest the same amount weekly, monthly, or yearly, you can be confident that you're on a good track.

Altcoins are more unpredictable than Bitcoin, and there's no guarantee of long-term profits. It's not recommended to hold onto altcoins for an extended period. If you decide to invest in altcoins, opt for the most popular ones to avoid investing in tokens that may not hold much value in the end.

[Themepen]

It is good to hear that you  interest in the crypto market and think about buying some cryptocurrency. Before you making a decision it is important to do your own researh (DYOR)
Bitcoin is the most well known cryptocurrency but it will be expensive to buy a lot if you do not have much money (But I think you should buy). However Bitcoin has  grow consistently and is considered a relatively safe investment.

Altcoins other cryptocurrencies that give you a chance to make more money(but little risky) especially if you found good projects with strong foundations. Altcoins usually cheaper than Bitcoin so you buy more with your limited funds. But you should be careful because altcoins can have more risky and their prices change a lot.

Deciding between Bitcoin and altcoins depend on how much risk you can handle what you wanted to achieve with your investment and how much researching you may do. It may be a good idea to investment in both Bitcoin and some carefully chosen altcoins to have a some good portfolio.

But Remember the crypto market is unpredictable and highly volatile so only invest money that you can afford to lose.

[Thyplaymaker]

Doesn't matter the amount of funds you have though all that matter is that the money you're planning to invest is something you can easily risk to get profit because is not all investment will guarantee you profits just know that why you have to alway do your own personal research.

Is still better to to buy Btc will that particular amount you planning to use you don't need to have 1 Btc before you think of investing all that matters is the time you enter. And this is a good time to invest on Btc because of its potential and is more safer than the rest altcoins. That just it,  it now depends on you now. But don't Missout in this great opportunity.

[joniboini]

You should probably explain more about your budget and your goal. Knowing your risk profile will help people to give some tips related to your investment. But nobody can guarantee that their tips will bring you the benefits you expected since the market is unpredictable. At the very least, you should be able to figure out the risk and common strategy to navigate the market.

Just keep in mind that you don't have to own 1 Bitcoin, or 1 ETH if you want to try your luck on trading them. At the end of the day, if your goal is to get profits in terms of fiat, trading those coins will likely give you more stability compared to low market cap altcoins that you can buy with just $10 and get 10k or so. On the other hand, high-risk rewards traders will likely trade low market cap altcoin or use perpetual trading if they want to stick with BTC.

Personally, I'm doing DCA for less than $100 a month to get some sats. It works well so far, especially in a sideway or bull market like this. Not to mention alts are also going strong. But things can get ugly if we enter a bear market again. DCA should help you reduce the risk but you shouldn't expect immediate profits unless your capital is also big.

[Cantsay]

Is it advisable to buy Bitcoin with the little amount I have, or should I rather go for altcoins that my funds can meet up with?.

I’ve never been too involved in altcoins myself and the time I did I was unlucky to have invested in one that turned out to be a scam, and that’s why I turned to bitcoin.

I don’t know if you’re going to receive more money in the future that you can spare to buy bitcoin if yes then I’ll suggest you make a schedule and plan out doing DCA, that’s far more better than just going in all at ones, if you’re not the type that have big money or huge source of income you can be doing DCA and before you realise what’s going on you’d have accumulated enough coin that would get you through the halving period and also be stable in the ecosystem.

[ultrloa]

there is no such thing as expensive if we have the intention to buy it and there is money, bitcoin can be purchased in part according to our capabilities, so don't feel sad if you don't have 1 btc at the start of the investment, some people in the forum get bitcoin from the results of their work and that too some of them are not 1 BTC, but with an attitude of persevering towards your goal, one day you will definitely be able to have 1 Bitcoin

Exactly they only look at it as expensive asset if they only look on its value. But if they think about this for investment then provably they can't say that word expensive since at any figures they can buy it even if they decide to buy a small stash since they want to hold.

For people doubting maybe its not their time to invest on bitcoin but rather much better if they could ably to research first before taking some steps while they don't know everything about what they are entering on.

[bitbit97]

That is the trick of Bitcoin, it is expensive and affordable for everyone at once. No one forces to buy exactly 1 BTC. It is even possible to get BTC worth a cent. That is what confuses people who are not familiar with crypto, as the think that they can buy only whole tokens or coins. If you have hesitation of buying bitcoin because it is expensive, then altcoins value towards dollar or bitcoin have same price/value. Speaking simple language, you compare 1kg of tomatoes with 1g of pepper.