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Author Topic: Is Bitcoin Too Expensive For Me?  (Read 23233 times)

Offline bayu7adi

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Re: Is Bitcoin Too Expensive For Me?
« Reply #360 on: Today at 09:47:01 AM »
I was the same as you at the beginning, but after knowing and seeing and reading a lot of information, if you don't have the ability to analyze, there is a mechanism that can be used to determine which altcoin you want to buy. You can look at CMC for coins in the best ranking and with the most potential for you to choose, because there is no doubt about the capacity that these coins have.
If there are more funds to choose from, of course there will be an opportunity to earn money.
In CMC there is not much change in the data from year to year, for the top 10 coins it is always filled with that same coin, meaning here the rank in CMC does not indicate the greatest opportunity to make big profits, but only gives an idea of which coin is stronger and that's it. does not guarantee the height of the upcoming green candlestick.

Currently, it has been proven that coins with high volatility always shock the public, but many are not caught on camera when there is a bearish market on other similar coins. So, if you want to see big opportunities, choose one coin and analyze it as best as possible and ask for other people's opinions as a reference. That experience will shape you into a more talented investor.

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Re: Is Bitcoin Too Expensive For Me?
« Reply #360 on: Today at 09:47:01 AM »

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Offline bitterguy28

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Re: Is Bitcoin Too Expensive For Me?
« Reply #361 on: Today at 11:30:53 AM »
I was the same as you at the beginning, but after knowing and seeing and reading a lot of information, if you don't have the ability to analyze, there is a mechanism that can be used to determine which altcoin you want to buy. You can look at CMC for coins in the best ranking and with the most potential for you to choose, because there is no doubt about the capacity that these coins have.
If there are more funds to choose from, of course there will be an opportunity to earn money.
In CMC there is not much change in the data from year to year, for the top 10 coins it is always filled with that same coin, meaning here the rank in CMC does not indicate the greatest opportunity to make big profits, but only gives an idea of which coin is stronger and that's it. does not guarantee the height of the upcoming green candlestick.

Currently, it has been proven that coins with high volatility always shock the public, but many are not caught on camera when there is a bearish market on other similar coins. So, if you want to see big opportunities, choose one coin and analyze it as best as possible and ask for other people's opinions as a reference. That experience will shape you into a more talented investor.
Not only in CMC but in all exchange mate , of course that is set per rank meaning the highest marketcap and value will be on top , but you can change that in by names or by movement depend on what you wanted as long as there is a feature in cmc.
and coin in crypto are all volatile its just happen that some moves fast this day and others may move in the following days.

Offline Litzki1990

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Re: Is Bitcoin Too Expensive For Me?
« Reply #362 on: Today at 12:14:22 PM »
I stopped investing in altcoins for quite a long time now because altcoins investments carries a lot more higher risks and you can lose more. My previous experiences with altcoins wasn't really blissful and I don't regret saying no to altcoin investment.
Bitcoin on the other hand has proven to be quite a more secure and efficient way to invest and I've never regret choosing bitcoin over altcoins,.

Every mistake adds to our understanding of the world, learn from mistakes, don't make them again, and never stop learning :)
Altcoin may make us a lot of money but not wealthy, only Bitcoin will make us Wealthy and have financial freedom.
But investment is all about finding what works best for us, each of us has our preferences, and it is important to align our choices with our goals.
I think the potential of altcoins if we buy at the right time will also make us rich if we sell them during the bullish season. Bitcoin is a safe coin for the long term, and in my opinion altcoins are coins that provide more profits. so own both during the bearish season and sell them during the bullish season.
What about the many altcoins created on all exchanges, do we have to buy all the existing altcoins? or buy some? How can you determine the choice of altcoin you want to buy. So far I still need a lot of information on how professional traders trade and always make a profit.
I think it's like we are going shopping in the mall we then collect and collect then we select the best but if money is not a problem to you then you can buy all you needed just don't prioritize wants in crypto because a coin with good narrative will surely make a good ROI as well.
Bitcoin is definitely expensive but in terms of investing in Bitcoin but certainly there are enough opportunities to invest as per our ability then I would not consider Bitcoin as expensive to invest at all.  We have the opportunity to invest with a minimum amount of $10, in which case we can invest as much as we want and we can increase the investment amount as we want.  One of the easier things about investing is that now DCA method of investing is available  an investor can follow the DCA method and invest in Bitcoin according to his financial position.

 

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