Is Bitcoin Too Expensive For Me?

[Lucius]

Is Bitcoin Too Expensive For Me?

I can tell you that people have been asking this same question since Bitcoin first had value, whether it was just a few $ or a few tens of $. For some Bitcoin has always been expensive, for others it is not too expensive even today because they understand that even the small amount they buy has a great potential value.

All those who focus exclusively on the price of 1 BTC definitely have a "problem" if they want to invest in it, and because of this they often invest in BTC forks that are worth incomparably less and live in the belief that they have bought Bitcoin. Numbers can sometimes be quite deceptive, so someone will say that 1 BCH is worth more than 0.10 BTC, and of course that is not true.

[yahoo62278]

Bitcoin is never too expensive as you can buy in any increment you want. You can buy 10$ worth if you want, hold it and sell for a profit when the price goes up. We have seen the price roller coaster for years but it has always ended up at a new all time high. IMO bitcoin is a sound investment and it's never too late.

[Altcoin1998$]

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 are not forced to purchase huge amount of Bitcoins. You can buy and deposit any amount of Bitcoin you want. You can buy or sell any amount of Bitcoin at any time you want without any liability.
However, in some exchanges, you can withdraw after purchasing a certain amount, but you can purchase bitcoins whenever you need.

[gunhell16]

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?.

What is your goal? At what amount of profit do you want to get this upcoming bull run? And what cryptocurrency do you want to buy or hold in the bull season? Because if you don't know why you're asking, it's better to find out or take a step to learn the altcoins that can give you good earnings in the future.

Then, for Bitcoin or cryptocurrency, you can buy it for a small amount, something around 10 dollars; it can be done on any exchange, whether Cex or Dex, as far as I know.

[milewilda]

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?.

What is your goal? At what amount of profit do you want to get this upcoming bull run? And what cryptocurrency do you want to buy or hold in the bull season? Because if you don't know why you're asking, it's better to find out or take a step to learn the altcoins that can give you good earnings in the future.

Then, for Bitcoin or cryptocurrency, you can buy it for a small amount, something around 10 dollars; it can be done on any exchange, whether Cex or Dex, as far as I know.

Each of us does have that the same or common goals in mind when it comes on dealing up with crypto market whether dealing up with Bitcoin or with altcoins. We do share up on the same goal
or targets on which it is really that making money or profits. Bitcoin is too expensive for you? We can make those small purchase or in fractions. There are really just that people who are really
that trying to accumulate a whole coin.Well, its not a bad target but if it turns out to be hard then better not to make yourself that be stressed.
This is why it would be better that you should really know on what you are doing. It is really just that impossible that you cant really be able to point out those things.

[Uruhara]

del

[Uruhara]

Bitcoin is never too expensive as you can buy in any increment you want. You can buy 10$ worth if you want, hold it and sell for a profit when the price goes up. We have seen the price roller coaster for years but it has always ended up at a new all time high. IMO bitcoin is a sound investment and it's never too late.

I agree that it is never too late for anyone who is ready to take the risk by investing in bitcoin. Because I still remember many people asking similar questions like the OP when the price of bitcoin touched 30k and then the question came back at the price of 40k and now the price has reached 60k. I hope everyone can learn by looking at the history of btc price movements and thinking about every pattern that has formed. Because I am sure that for those of us who invest long term in BTC, the current price is still far from our expected target.

[shiva]

Bitcoin is expensive, isn't something good expensive?
 If we only have a little money, we should buy a little but periodically.  Maybe DCA is the best way we can do it.  We can buy bitcoin every week or twice a week.  The current price of bitcoin is already high, but don't worry about being trapped by a high price, because next year the price of bitcoin will be even higher when it hits the new ATH.

[Wiseman]

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?.

An investor is someone who invests, you can consider yourself an investor, but you also won’t be considered one without receiving good profits from it. I, of course, don’t know what kind of investments we are talking about, but as a rule, people start making money on investments when they invest the money that can bring big profits. in total and not as a percentage, you can buy bitcoin for $100 but don’t expect that you will get $1000 from your investment, otherwise you will lose everything and not earn it.

In my opinion, when investing, don't set a profit target that is too high, buy $100 and hope for a profit of $1000, a profit of 10 in the long term, this can happen if you hold for the long term, buy when it's cheap and sell when it's expensive.

So everyone does, I was not talking about this but about the fact that expecting to earn a lot is often not always right and it is better not to wait for super profit and get a real profit, but this happens when a person invests very little (for example, 100 $) and wants to get from this 1000

[DAMKAR]

Bitcoin is never too expensive as you can buy in any increment you want. You can buy 10$ worth if you want, hold it and sell for a profit when the price goes up. We have seen the price roller coaster for years but it has always ended up at a new all time high. IMO bitcoin is a sound investment and it's never too late.

You are right, we can buy bitcoin according to our abilities, we can buy $10, $20 or $30. If you buy 1 BTC now it is clearly expensive because the price of Bitcoin has reached $62K.

[Lucius]

You are right, we can buy bitcoin according to our abilities, we can buy $10, $20 or $30. If you buy 1 BTC now it is clearly expensive because the price of Bitcoin has reached $62K.

It's expensive, there's no doubt about that - but it's still not as expensive for someone who has a good salary and lives in a country where he can very easily get a favorable loan from the bank, and if he also understands what will most likely happen in 1-2 years then he will easily double that amount. If by any chance he lives in a country where there is no tax on cryptocurrency profits, even better for him because he will earn even more money.

On the other hand, for someone who lives in a country where he barely survives on his salary, even if the price of BTC was only $1000, it would be too expensive for him.

[pawel7777]

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?.

Do you believe Bitcoin will go further up? Do you have any better alternatives to put your money into?
People tend to think that if they can't do at least x10 on Bitcoin, then it's somehow too late. The reality is, if does say another 20% in a short period of time, then it'll still outperform the vast majority of traditional investment instruments.

[SmartGold01]

from my greatest knowledge and understanding within the little space I join the cryptocurrency community, I have never seen neither do I believe there is law stated that one must buy bitcoin with a specific and a special amount first before s/he must own and hold bitcoin for the starting. So why not buy bitcoin with the little amount you think you can afford than keeps waiting for your funds to get larger as think before venturing the cryptocurrency space?

[milewilda]

from my greatest knowledge and understanding within the little space I join the cryptocurrency community, I have never seen neither do I believe there is law stated that one must buy bitcoin with a specific and a special amount first before s/he must own and hold bitcoin for the starting. So why not buy bitcoin with the little amount you think you can afford than keeps waiting for your funds to get larger as think before venturing the cryptocurrency space?

Whats the main issue on here is that people doesnt really like on getting left behind and this is why on the time that they are seeing that the price is already high then they would really be considering that they are already too late for them to invest, without even trying out to realize that there's no such thing about being late. If we do tend to zoom out on how many % does that overall population we do have globally knows about bitcoin then we can really be able to tell that its never been too late to make out such involvement on which trying out to accumulate
as much as we can while the price isnt that too high. Also its not needed for you to get a whole coin since you could be able to  buy in fractions.

[yohananaomi]

In today's market about bitcoin, there are quite a lot of people who are surprised by the performance that Bitcoin did in just a matter of 3 days. It immediately reached more than 63k, and now it has gone down a little to the price of 62k or something.

It's closed a bit at 69k$, something that is close to breaking the previous ATH of bitcoin, so those who have BTC holdings there are a bit more encouraged and hopeful about 100k$ each in the future.

Hodlers already has profit from this price movement but I think most holders wants more of the current price I think $85k-$100k . I am wondering how high hodlers have to hodl and then take profit, is it $70k, $80k, $90k or even a $100k? I personally have high hopes it will reach $85k up but yeah it is too early to speculate as a lot of things might happen along the way in this market condition.

If you are at 85k, I am slightly below you at 75k, where at this price I have made quite a profit in my opinion, and then I will struggle to collect it again when the market is declared corrected,
It's true that you said it's too early to speculate on BTC, but there's nothing wrong if we have price speculation to achieve our profits

Indeed, everyone has their own standards for determining how much, because it is calculated from purchases that may have been made. Some feel like $75K is enough, but there may be those who want up to $100K. because we hope that this price will be available until the end of this month and before the halving period. So just like you, after releasing, wait for the time when there will be a correction that occurs after the halving and buy back to wait for the renewable ATH, which will occur in 2025.