Is Bitcoin Too Expensive For Me?

[doc]

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.

[enwi]

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.

[JISAN]

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.

[TopT3ns]

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.

There's no need to waste your time recording everything, the important thing is that we buy enough Bitcoin and keep it for a long time. I think that's enough. Our main goal for doing DCA is to buy Bitcoin at whatever price is available on the exchange and there will be a lot collected someday.
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.

[yohananaomi]

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.

Actually, what you are doing is very good, and it is not easy because there will always be a lot of temptation to sell it when you see the price is as high as it is now. But if you continue to do the program, it will certainly be very good until ATH occurs a second time. There is no need to look back when you are doing DCA but look forward to the highly anticipated results.

[legend45]

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.

Actually, what you are doing is very good, and it is not easy because there will always be a lot of temptation to sell it when you see the price is as high as it is now. But if you continue to do the program, it will certainly be very good until ATH occurs a second time. There is no need to look back when you are doing DCA but look forward to the highly anticipated results.
[/quote]
The DCA method is a method that allows us to have small capital to invest large amounts of buying coins in stages. And it's best to do it until the coins really enter the bullish season, because at that time we will get a lot of profit from our coins. We can also get capital by joining bounties, airdrops and perhaps by doing daily trading, using the DCA method

[alltalk]

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.

Investment should be done after saving and daily necessities are fulfilled. If we have limited money and it is likely not enough for saving and basic necessities, we don't force ourselves to invest. Moreover, investing money in crypto is high risk and no guarantee for profits. Even we invest in Bitcoin, it is also still risky and no certain profit to be achieved. Sure, always use funds that we afford to lose. Never think to use funds that we use for basic necessities and saving.

DCA is a good strategy for the long term holding. It is also suitable for people who have limited funds. We can apply DCA on our Bitcoin investment if it looks suitable with our condition. 

[taufik123]

-snip-
DCA is a good strategy for the long term holding. It is also suitable for people who have limited funds. We can apply DCA on our Bitcoin investment if it looks suitable with our condition. 

It is very suitable if you have a reserve of funds that is possible, because DCA is done slowly, buying gradually at any price level with a predetermined time Or you can also buy when the price is in correction.

Always do the management correctly then the plan to do DCA will go well.
Sometimes some people just buy without thinking about how much to buy and how much to keep for backup.

[Aanuoluwatofunmi]

If bitcoin is too expensive, then what are we to say about the other altcoins which are more expensive to invest in because of their higher risk on investment, sometimes we could not just afford to make investment n other coins than bitcoin because of the risk involved in them, while bitcoin has been made available for everyone to invest according to how they can afford to without having the fear of missing out.

[koang]

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.

Investment should be done after saving and daily necessities are fulfilled. If we have limited money and it is likely not enough for saving and basic necessities, we don't force ourselves to invest. Moreover, investing money in crypto is high risk and no guarantee for profits. Even we invest in Bitcoin, it is also still risky and no certain profit to be achieved. Sure, always use funds that we afford to lose. Never think to use funds that we use for basic necessities and saving.

Good advice...

Making sure our financial condition is healthy is the first step before deciding to invest
After that, determine the amount of funds to be invested, the goal, period, and the type of investment.
And putting all money in high-risk investments like crypto is not a wise move, at least 50% of the funds should be invested in low-risk investments like gold.
Balancing and Diversification is good for reducing risk. IMO

[Gurujebs]

If bitcoin is too expensive, then what are we to say about the other altcoins which are more expensive to invest in because of their higher risk on investment, sometimes we could not just afford to make investment n other coins than bitcoin because of the risk involved in them, while bitcoin has been made available for everyone to invest according to how they can afford to without having the fear of missing out.

I don't see any expensive how Bitcoin is, the fact that you can buy Bitcoin in fraction, there is no problem at all because you are covered by security, you are covered from any form of scams if you keep your coins on a good exchange and it you don't have to worry about any form of rug pull but I think his fear is because of the return on the investment. It's better to have a safe investment and have a moderate return than to have a return that is never guaranteed.