Is Bitcoin Too Expensive For Me?

[ajiz138]

Bitcoin does not require us to buy large amounts at one time, we can still buy bitcoin in amounts that I think are very affordable if we have income. We only need to set aside money to buy bitcoin.

Based on my experience, if I had waited until I could buy 1 bitcoin, then until now I think I would never have had bitcoin. But that's not the case, I set aside the money I can afford to collect bitcoins little by little, so that I can collect a decent amount.

Agree, with this method we can immediately have Bitcoin, and when the price rises then you will immediately make a profit, it is different when you buy directly with the amount of 1 Bitcoin, when the price falls the possibility of profit will be different when you buy little by little.

Yeah DCA versus one time buy is really different but most of us do the DCA thing since it was way more affordable and safe while buying 1 Bitcoin at once is pretty impossible for me as it is way too expensive in my local currency.

I think most of us here will also think again about buying all at once, not because we don't believe in Bitcoin, but the problem is that the money we will use will definitely be for other needs (if we really have the money). So buying in stages or hereafter we call the DCA method is the best way.

Apart from that, when the price decreases, we can buy it again and so on. And actually I thought it was lost money, meaning I forgot about it because I planned to save it for a very long time.

[ScamViruS]

Yeah DCA versus one time buy is really different but most of us do the DCA thing since it was way more affordable and safe while buying 1 Bitcoin at once is pretty impossible for me as it is way too expensive in my local currency.

Affording 1 Bitcoin is now impossible for many people. I also don't have the ability to buy 1 bitcoin right now, forcing me to DCA to achieve my goal. DCA is definitely the best medium for a small investor to reach his goals. Bitcoin may seem expensive to us now but Bitcoin will go much further and then this price will also seem low and we will regret why we did not buy Bitcoin at this price.

[Thyplaymaker]

Yeah DCA versus one time buy is really different but most of us do the DCA thing since it was way more affordable and safe while buying 1 Bitcoin at once is pretty impossible for me as it is way too expensive in my local currency.

Affording 1 Bitcoin is now impossible for many people. I also don't have the ability to buy 1 bitcoin right now, forcing me to DCA to achieve my goal. DCA is definitely the best medium for a small investor to reach his goals. Bitcoin may seem expensive to us now but Bitcoin will go much further and then this price will also seem low and we will regret why we did not buy Bitcoin at this price.

Yeah that's true , and as time goes on purchasing one bitcoin would be more difficult that's now to most people. As bitcoin continue its growths, that Is why we have to take this opportunity to accumulate more bitcoin with DCAing strategy. As the price is still around 6 digit because soon bitcoin would be around 7 digit. Just imagine those that accumulating bitcoin when the price was around $10k they would be in nice profit now because of the nice quantity they have stash for themselves .

[ScamViruS]

Yeah DCA versus one time buy is really different but most of us do the DCA thing since it was way more affordable and safe while buying 1 Bitcoin at once is pretty impossible for me as it is way too expensive in my local currency.

Affording 1 Bitcoin is now impossible for many people. I also don't have the ability to buy 1 bitcoin right now, forcing me to DCA to achieve my goal. DCA is definitely the best medium for a small investor to reach his goals. Bitcoin may seem expensive to us now but Bitcoin will go much further and then this price will also seem low and we will regret why we did not buy Bitcoin at this price.

Yeah that's true , and as time goes on purchasing one bitcoin would be more difficult that's now to most people. As bitcoin continue its growths, that Is why we have to take this opportunity to accumulate more bitcoin with DCAing strategy. As the price is still around 6 digit because soon bitcoin would be around 7 digit. Just imagine those that accumulating bitcoin when the price was around $10k they would be in nice profit now because of the nice quantity they have stash for themselves .

When Bitcoin was getting dumped after the 2017 bullrun, everyone panicked and sold their bitcoins because they thought the price was too expensive, but the smart investors who bought Bitcoin at the time are now making huge profits. In fact no one knows what the future holds which makes people afraid to make decisions and those who are smart and have some understanding of where they are investing can ultimately profit. Now it is difficult to buy a bitcoin so don't give up and try to reach your goal.

[Dr.Bitcoin_Strange]

Affording 1 Bitcoin is now impossible for many people. I also don't have the ability to buy 1 bitcoin right now, forcing me to DCA to achieve my goal. DCA is definitely the best medium for a small investor to reach his goals. Bitcoin may seem expensive to us now but Bitcoin will go much further and then this price will also seem low and we will regret why we did not buy Bitcoin at this price.

You are right mate, some people have considered not to invest into Bitcoin but rather invest into alt coins and the reason why some of those people have taken such decision is because they believe that Bitcoin is too expensive for them, they don't understand that the price of Bitcoin will continue to surge high in the future and if they fail to invest now, they may still regret why they did not buy now that the price is still below $80k.

Some people don't really understand that they don't need to have money to buy one Bitcoin before they can start investing. It is simple to just keep buying BTC with the DCA strategy and before they even realize it, they have accumulated up to 1 Bitcoin within an interval of one year or more, depending on the cash flow.

[Thyplaymaker]

Affording 1 Bitcoin is now impossible for many people. I also don't have the ability to buy 1 bitcoin right now, forcing me to DCA to achieve my goal. DCA is definitely the best medium for a small investor to reach his goals. Bitcoin may seem expensive to us now but Bitcoin will go much further and then this price will also seem low and we will regret why we did not buy Bitcoin at this price.

You are right mate, some people have considered not to invest into Bitcoin but rather invest into alt coins and the reason why some of those people have taken such decision is because they believe that Bitcoin is too expensive for them, they don't understand that the price of Bitcoin will continue to surge high in the future and if they fail to invest now, they may still regret why they did not buy now that the price is still below $80k.

Some people don't really understand that they don't need to have money to buy one Bitcoin before they can start investing. It is simple to just keep buying BTC with the DCA strategy and before they even realize it, they have accumulated up to 1 Bitcoin within an interval of one year or more, depending on the cash flow.

That's true, using DCAing consistently will help one to accumulate some good quantities of bitcoin in a long run depending on their cashflow though. So with such one can actually secure a nice portfolio due to using DCA and other strategies that are convenience for you in accumulating bitcoin. But all try focusing on DCA more it would surely help in accumulating more quantities.

[Litzki1990]

Yeah DCA versus one time buy is really different but most of us do the DCA thing since it was way more affordable and safe while buying 1 Bitcoin at once is pretty impossible for me as it is way too expensive in my local currency.

Affording 1 Bitcoin is now impossible for many people. I also don't have the ability to buy 1 bitcoin right now, forcing me to DCA to achieve my goal. DCA is definitely the best medium for a small investor to reach his goals. Bitcoin may seem expensive to us now but Bitcoin will go much further and then this price will also seem low and we will regret why we did not buy Bitcoin at this price.

There is absolutely no rule in investing that requires you to invest at least one BTC. As there is no specific investment limit why we think Bitcoin is too expensive for us and we cannot invest in Bitcoin. Different exchanges have minimum 7 to 10 dollar trading facility so why are we thinking so much about this investment. We don't need to worry so much about this investment, when we can invest in Bitcoin as much as we can and if we stop investing in Bitcoin then there is no problem. In this case, the DCA investment method will definitely make the investment much easier for the investors. So those for whom investment is very difficult can invest in DCA method.

[Gladitorcomeback]

To make achievement in life sometimes will have to come with its own challenges, if we are going to keep procrastinating about our bitcoin investment then we may never have the opportunity of making one, since all we keep doing is complaining on every situation at hand, when the market falls, some will say its the bad time to invest, when it rises, some will say its not safe to go in because it could fall at any time, we can just enters at the appropriate affordability of the finance we have at any moment in other for us to have a start from somewhere.

You are right that some people can barely find a spot where they feel it's the one and they should use this opportunity, but when it comes to the cryptocurrency market, there is a solution for this and we call it the DCA method. A person who is willing to make an entry in the market but isn't satisfied with the price can start doing DCA so that they can buy their favorite assets but also have some money left for later.

This way, they will make their entry in the market, and wouldn't be worried about the future because they will have money at hand that they can use later to buy more if the market goes down, and if market goes up, they already have some assets that they can sell.

[Mr. Magkaisa]

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?.

        -     You should do what you are happy and comfortable doing and that you know you can do. It's not that you depend on what others say, although there is nothing wrong with following what others say as long as you know that the result will be good for you.

Because if you don't have enough money, you are in altcoins, which are relatively light, but there are high chances that your capital will grow several times so that you can get a big profit in the future.

[milewilda]

To make achievement in life sometimes will have to come with its own challenges, if we are going to keep procrastinating about our bitcoin investment then we may never have the opportunity of making one, since all we keep doing is complaining on every situation at hand, when the market falls, some will say its the bad time to invest, when it rises, some will say its not safe to go in because it could fall at any time, we can just enters at the appropriate affordability of the finance we have at any moment in other for us to have a start from somewhere.

You are right that some people can barely find a spot where they feel it's the one and they should use this opportunity, but when it comes to the cryptocurrency market, there is a solution for this and we call it the DCA method. A person who is willing to make an entry in the market but isn't satisfied with the price can start doing DCA so that they can buy their favorite assets but also have some money left for later.

This way, they will make their entry in the market, and wouldn't be worried about the future because they will have money at hand that they can use later to buy more if the market goes down, and if market goes up, they already have some assets that they can sell.

DCA would really be the key but this is something that you would really be needing also to consider specially on the funds that you are using, this is something that pertains about into those extra funds that you would really be needing to invest on which we know that this market cant really be known on when it would really be making such recovery.
This is why it wouldnt really be that recommendable for you to invest that on the amount that you are really that just that not used in other important matters.
Expensive for you to buy? Dont force yourself because it would really be something that stressful for you instead.

[legend45]

        -     You should do what you are happy and comfortable doing and that you know you can do. It's not that you depend on what others say, although there is nothing wrong with following what others say as long as you know that the result will be good for you.

Because if you don't have enough money, you are in altcoins, which are relatively light, but there are high chances that your capital will grow several times so that you can get a big profit in the future.

If there is good input from other people, we can follow it, but don't forget to do research first because it is at our own risk.
The current price of bitcoin is very expensive, if we don't have a lot of money it's best to buy altcoins, it also has the potential to provide profits

[Aanuoluwatofunmi]

Since the target for the use of bitcoin is on everyone to find it an opportunity of using a decentralized network of p2p without having to go under any centralized institutions, we also have the privilege of holding bitcoin at any rate we can afford to start with, then with the little we have, we can experience more increase over it and we earn and also invest more as the time goes by, its not like pother asset which are too expensive for a common man to invest without having huge amount of money. 

[I-Bit]

Affording 1 Bitcoin is now impossible for many people. I also don't have the ability to buy 1 bitcoin right now, forcing me to DCA to achieve my goal. DCA is definitely the best medium for a small investor to reach his goals. Bitcoin may seem expensive to us now but Bitcoin will go much further and then this price will also seem low and we will regret why we did not buy Bitcoin at this price.

I think it is not impossible for rich people. But for average people, 1 BTC is quite difficult because it must spend much money. I also the same, I have no money to buy 1 BTC even if it is in the bearish season. As a small investor, I only could buy Bitcoin with small number gradually. I think 1BTC will be easy for a big person like Elon Musk. 

[KingsDen]

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?.

After I read the Op, I was tempted to immediately respond but I had to read to see if anyone has a differed idea, but almost all are in line. I have had the opportunity to buy bitcoin when it was in 10k, but I was discouraged by the person that introduced me to buy random altcoins that bitcoin is too expensive for me to get. What's the price now compared to 10k.

Yeah DCA versus one time buy is really different but most of us do the DCA thing since it was way more affordable and safe while buying 1 Bitcoin at once is pretty impossible for me as it is way too expensive in my local currency.

Affording 1 Bitcoin is now impossible for many people. I also don't have the ability to buy 1 bitcoin right now, forcing me to DCA to achieve my goal. DCA is definitely the best medium for a small investor to reach his goals. Bitcoin may seem expensive to us now but Bitcoin will go much further and then this price will also seem low and we will regret why we did not buy Bitcoin at this price.

When I hear people set goal of achieving 1 BTC and it seems like the standard, I wonder where the idea came from and why must it be 1 BTC. If we are to set a good goal, it should be 10 BTC and above. If you feel 10BTC is very high, then 1 BTC is also very high. It is better to own as you can.

[Litzki1990]

Affording 1 Bitcoin is now impossible for many people. I also don't have the ability to buy 1 bitcoin right now, forcing me to DCA to achieve my goal. DCA is definitely the best medium for a small investor to reach his goals. Bitcoin may seem expensive to us now but Bitcoin will go much further and then this price will also seem low and we will regret why we did not buy Bitcoin at this price.

I think it is not impossible for rich people. But for average people, 1 BTC is quite difficult because it must spend much money. I also the same, I have no money to buy 1 BTC even if it is in the bearish season. As a small investor, I only could buy Bitcoin with small number gradually. I think 1BTC will be easy for a big person like Elon Musk. 

When it comes to investing, there is no rule that you have to invest at least one bitcoin. Investment is done by your will and you can invest in Bitcoin at your complete will. Starting with a minimum investment of $10, the more you can afford to invest, the more money you can invest in Bitcoin. If it is right for us to invest $100 or $50 every month as we are middle class then investing this $100 or $50 every month is equivalent to investing one BTC for us. With the amount of money Elon Musk has, he can invest multiple BTC per day if he wants to. Elon Musk, the richest man in the world, cannot be expected to invest as much as he has invested.