Is Bitcoin Too Expensive For Me?

[tranthidung]

Bitcoin is too expensive, it is a concern many years since 2009 but during a same period, there is another concern like you asked today, "Should I invest in Bitcoin today? Am I late to invest in Bitcoin?"

The answers are

• Bitcoin is always expensive with people who don't like it, don't see its value.
• It is never late to start your investment in Bitcoin

Read

• The bullish case for Bitcoin
• You want something safer for investment, like Gold? Okay gold is mentioned in this article, with Lindy effects, with time, you will see a stronger and stronger Bitcoin, that is what we already witnessed since 2009

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?.

Invest?

Apply a safest and most relax method, Dollar Cost Averaging.

• https://dcabtc.com/
• https://costavg.com/

Enter your little amount (honestly, you did not share what is this amount) to either of two websites, choose a time frame you plan for investment and DCA, then see how DCA can help you increasing your portfolio size and its ROI.

[owlest]

The price may seem high at a specific time, but what if you buy gradually for the amount you can afford? Considering the fact that the price will only increase over time, it's not a significant cost. I buy bitcoin with my profits, regardless of the price, as I hold the asset for the long term.

[Tribalchief]

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.

Try buying in batches sounds a lot better, owing to the fact that i get little income occasionally. Thanks alot.

[Tribalchief]

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.

The DCA method sounds promising to me. I appreciate your opinion.

[Tribalchief]

I emphasize that you must be careful in making an agreement in acting for this crypto
always DYOR

Of course, conducting one's own research is equivalent to seeking people's opinions. Do you advise that it's better to put my investment plan into the long term, considering that I am investing a small amount?

[Tribalchief]

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.

In conclusion, DCA is basically a long term project for those with little funds ?

[Gm Jutt]

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.

It is important to think about how much money you have... and make sure that the money you want to invest is an amount you can afford.... to take a risk with. Investing always has some level of risk.... and not all investments guarantee profits. It's really important to do your own research so you can make smart decisions.

You are right that you dont have to buy a whole Bitcoin to invest. You can buy just a part of a Bitcoin with the money you want to use. When it comes to investing in Bitcoin.... timing is also important. Bitcoin has shown potential and is considered safer.... than other cryptocurrencies. But it is still important to be careful and think about different things before making any investment choices.

[therozaq]

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?.

If you have small  fund, I think buy altcoins is the best way to do.
As you said bitcoin is too expensive and you will get 0.00000 BTC, if you have  small fund.
You can learn about alterations coins that you can buy and hold before bitcoin halving.
Maybe you can buy BNB, ETH, TRON, SOL etc.
or you can  join presale in new project if you have good knowledge to do it.
But be careful.
It's more risky...

[DabsPoorVersion]

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?.

Considering that you have a small amount of money, you can either wait for the dip which is possible to happen sooner, or focus on buying Bitcoin. It is a safe investment for those who do not have enough knowledge on investing in cryptocurrency as there are so many altcoins in the market that you need to do your research first before you invest. If you are planning to invest in Bitcoin, it's better to do a DCA strategy, and regularly buy Bitcoin using a small percentage of your budget on a weekly or monthly basis.

[Tribalchief]

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?.

If you have small  fund, I think buy altcoins is the best way to do.
As you said bitcoin is too expensive and you will get 0.00000 BTC, if you have  small fund.
You can learn about alterations coins that you can buy and hold before bitcoin halving.
Maybe you can buy BNB, ETH, TRON, SOL etc.
or you can  join presale in new project if you have good knowledge to do it.
But be careful.
It's more risky...

Now, this is why I appreciate this forum. You've presented a completely different opinion from others. Although I am still contemplating what to do, I hope to make a decision soon. It's disheartening that someone said, 'Bitcoin is always expensive with people who don't like it, don't see its value,' forgetting the fact that not everyone has equal resources in the crypto space.

Thanks alot for sharing your opinion.

[Master107]

Got for higher benefits. Practically, if you have a little money and expected to gain more from Bitcoin investment then I can say you've got it wrong. Why? You will have a little Bitcoin which is good than nothing but in terms of higher return from .2 btc. You need to wait for the Harding time pump. Meanwhile if you invest in meme potentials and potential web3 or whatever coins that has a lot of use cases and alive kicking in the market. Then go for altcoins than just buying a little Bitcoin. Just make sure you will have good return from your investment.

[Fivestar4everMVP]

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?.

As a beginner that you are, the best advice I can give you is that you focus on buying bitcoin at the moment, yeah, like you said, the current price of bitcoin may or might seem too expensive, but trust me, the price of bitcoin will continue to grow and get even more and more expensive as time goes on, you don't wanna miss on all the profit that you can make from being invested in bitcoin, most especially, right now that the much anticipated bull run is around the corner.

Altcoins might seem appealing to invest in because they appear cheaper, but trust me, the risk of investing in altcoin is very high, not suitable for a beginner, and also, the chances of investing in the wrong altcoin is also very high, so it's better you just give your attention to bitcoin at the moment, atleast, until you have learnt more and mastered how crypto currencies works, what altcoin project is legit and good to invest in, and one that is not.

This is my honest advice to you, and good luck with whatever or which ever coin later chose to invest in.

[Gormicsta]

Well Bitcoin maybe expensive but it doesn't mean you still can't buy it, you really do not need to own a full or whole Bitcoin before you can invest in Bitcoin, you can cultivate the act of buying Bitcoin in bits, that way you can gradually accumulate a good number of Bitcoin without breaking a sweat.

[hugeblack]

Well Bitcoin maybe expensive but it doesn't mean you still can't buy it, you really do not need to own a full or whole Bitcoin before you can invest in Bitcoin, you can cultivate the act of buying Bitcoin in bits, that way you can gradually accumulate a good number of Bitcoin without breaking a sweat.

If he does not buy now, Bitcoin may not continue to rise forever, as the amount of one million dollars was enough to make the price rise by 10% in 2011, and you may need 100 million in 2014, a billion in 2016, and 10 billion in 2020, and you may need a trillion to make the price move by 10% in the future. .
Also, halving will not have an effect after about 15 years, so these years may be the last in which we see the price rise every 4 years.

[tranthidung]

If he does not buy now, Bitcoin may not continue to rise forever, as the amount of one million dollars was enough to make the price rise by 10% in 2011, and you may need 100 million in 2014, a billion in 2016, and 10 billion in 2020, and you may need a trillion to make the price move by 10% in the future.

This is true and marketcap makes sense. With bigger marketcap, it will be harder to have big rise like 20%, 50% or more and we don't need to look too far to discover this fact.

People usually say and compare Gold and Bitcoin (aka. Digital gold), and gold with is $13.690 T marketcap is harder to have big rise like Bitcoin with marketcap is $805.00 B. <sup>[1]

[1]</sup> https://companiesmarketcap.com/assets-by-market-cap/

Also, halving will not have an effect after about 15 years, so these years may be the last in which we see the price rise every 4 years.

Halvings in future like after next 15 years (but why 15 years, not 16 years?), will still have effect on Bitcoin price and market FOMO but its effect will become smaller than now. But I disagree to say it will not have any effect.