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Author Topic: Is Bitcoin Too Expensive For Me?  (Read 18106 times)

Offline doc

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Re: Is Bitcoin Too Expensive For Me?
« Reply #330 on: May 11, 2024, 05:54:17 PM »
The DCA method is very helpful for me to locate bitcoin from last year, and it is very helpful. I agree we don't need to buy 1 BTC, but we buy according to the money we have. For example, if we have $100, we can buy that amount. So even though bitcoin is expensive we can buy it as much as we can afford it
Why do you have difficulty finding the location of Bitcoin prices from last year? you can see it on coinmarketcap, apart from that you also have to record all purchases in notes or excel as an important note for you because so far the exchange has only limited the traces of buying and selling transactions with the capital you use.
What this means is that I have purchased bitcoin using the DCA method from last year, and this method is quite effective. I didn't record my bitcoin purchase price because maybe I just remembered it.

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Re: Is Bitcoin Too Expensive For Me?
« Reply #330 on: May 11, 2024, 05:54:17 PM »

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Offline enwi

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Re: Is Bitcoin Too Expensive For Me?
« Reply #331 on: May 12, 2024, 07:56:41 AM »
The DCA method is very helpful for me to locate bitcoin from last year, and it is very helpful. I agree we don't need to buy 1 BTC, but we buy according to the money we have. For example, if we have $100, we can buy that amount. So even though bitcoin is expensive we can buy it as much as we can afford it
Why do you have difficulty finding the location of Bitcoin prices from last year? you can see it on coinmarketcap, apart from that you also have to record all purchases in notes or excel as an important note for you because so far the exchange has only limited the traces of buying and selling transactions with the capital you use.
What this means is that I have purchased bitcoin using the DCA method from last year, and this method is quite effective. I didn't record my bitcoin purchase price because maybe I just remembered it.
If you remember that you last bought bitcoin last year then you don't have to write it all down, what is clear is that you still remember the last time you bought bitcoin, that way you will know when is the right time to sell bitcoin and withdraw the profit you can get.

Offline JISAN

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Re: Is Bitcoin Too Expensive For Me?
« Reply #332 on: May 12, 2024, 06:50:26 PM »
Bitcoin is too expensive but it is also cheap because it is not necessary to buy 1 whole bitcoin to invest, anyone can invest any amount there. It is true that the future of Bitcoin is so bright that anyone who can afford to invest should invest in Bitcoin for the long term. I always invest 10-30% of my salary in Bitcoin after paying my family expenses. Because I believe in it so much and I am so excited about its future

Excellent decision!
If we are always DCA'ing, we are always winning but must learn to embrace Bitcoin's volatility.
Bitcoin's volatility can be daunting, but it's also an inherent part of its nature as a relatively young and rapidly evolving asset.
And when we are thinking of buying Bitcoin we should not compare it with fiat but rather real estate, gold, and other investments
The DCA method is very helpful for me to locate bitcoin from last year, and it is very helpful. I agree we don't need to buy 1 BTC, but we buy according to the money we have. For example, if we have $100, we can buy that amount. So even though bitcoin is expensive we can buy it as much as we can afford it
Most of us cannot afford to invest large amounts of money anywhere because we don't have enough savings after covering the whole month's expenses with the salary we get. so the money we save after meeting our daily expenses is invested in other assets including Bitcoin. So it automatically follows our DCA method. So if we continue our investment like this regularly then we can gradually own a large amount of bitcoins in the future.

 

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