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Author Topic: Is Bitcoin Too Expensive For Me?  (Read 47129 times)

Offline Sim_card

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Re: Is Bitcoin Too Expensive For Me?
« Reply #270 on: April 09, 2024, 06:14:28 PM »
No one forces us to buy how much bitcoin, because everything must be within our capabilities, at least with a minimum figure of $10 and we can try to buy and invest in bitcoin. The important thing is to learn to invest small and we also use the DCA method.

Making investments using the DCA method is of course good, but you must have 2 things
1) You must have a regular income or 100% confidence that you will not be fired
2) You must have iron discipline, because if you want to invest $10, for example, out of $100 with a salary of 300-500, then you subconsciously understand that they are already not enough to exist normally.
Not just that, for you to be able to use DCA method to invest in bitcoin, you must also have an emergency funds that should be from 3-6months and above, so that when an emergency rises, you don't need to use your bitcoin investment to take care of that emergency. This is why a steady income is needed to build up your bitcoin investment portfolio, and your emergency funds. For instance, if you get sacked from work, your emergency funds can be used to take care of your needs for the main time till you get another job.

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Re: Is Bitcoin Too Expensive For Me?
« Reply #270 on: April 09, 2024, 06:14:28 PM »

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Re: Is Bitcoin Too Expensive For Me?
« Reply #271 on: April 09, 2024, 07:01:43 PM »

It's true, we can buy Bitcoin with only $100, but to trade with that much money and use it to buy Bitcoin, it won't have much value. In my opinion, investment is even less valuable.
Maybe it will be a different story when we are able to buy Bitcoin every week worth $100 then it doesn't seem like after the next few weeks you will have quite a lot of Bitcoin and it is suitable to be stored for the long term.
If you buy $100 in Bitcoin to trade, the results won't be much, but if you have good analytical skills in meme coins, maybe we will get bigger results, even though we also know the risks are very big. However, if with the DCA method we buy $100 of bitcoin every week starting when it is bearish, we will make a big profit now

Well as they say in my country you have to be in the game, right now meme currencies are incredibly good at Generating profits, I'm just not very good at doing analysis of these types of currencies, I could say that when they have different types of forms of invest, since it can be Concluded that the best and safest investment is in bitcoin, I wish everyone could have 100usd free weekly just for investment in bitcoin, it would be something great, the idea they have is nice, but really for some people it is very difficult to obtain, however it can be applied for smaller amounts such as leaving d10 or 20 usd to buy bitcoin and so on, at least for 2 years it is a good Option, but of course this is Something That's not so easy, the person who does it must have at least 2 or 3 jobs to be able to do something like that, but the advice is very good.
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Offline Jamal Aezaz

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Re: Is Bitcoin Too Expensive For Me?
« Reply #272 on: April 09, 2024, 09:00:53 PM »
Indeed. No one force us to invest in Bitcoin, it should be based on our own intention. We shouldn't use the amount of money that we can't afford to lose. We just need to spend the money that is safe amount for us. DCA is one of good ways to invest in Bitcoin. In this way, we can spend small money because we buy it gradually. If we have limited funds, DCA is a suitable way to use.

Not only in bitcoin investment but in every work we have to use our own thoughts and personal views and no one can force us to do anything. Extra amount will help you to be patience until you get your desired values but if you use money from daily expenses then you will not be able to wait longer as money is necessary for daily management.

DCA method is very important and if you don't have money to buy bitcoin at once then you can apply DCA method in which your profit will be more and you can easily take rewards whenever you think that now your return can give you satisfaction.
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Offline rizqillah

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Re: Is Bitcoin Too Expensive For Me?
« Reply #273 on: April 10, 2024, 12:01:01 PM »
Indeed. No one force us to invest in Bitcoin, it should be based on our own intention. We shouldn't use the amount of money that we can't afford to lose. We just need to spend the money that is safe amount for us. DCA is one of good ways to invest in Bitcoin. In this way, we can spend small money because we buy it gradually. If we have limited funds, DCA is a suitable way to use.

Not only in bitcoin investment but in every work we have to use our own thoughts and personal views and no one can force us to do anything. Extra amount will help you to be patience until you get your desired values but if you use money from daily expenses then you will not be able to wait longer as money is necessary for daily management.

DCA method is very important and if you don't have money to buy bitcoin at once then you can apply DCA method in which your profit will be more and you can easily take rewards whenever you think that now your return can give you satisfaction.
You are right, I agree with your statement " in every work we have to use our own thoughts and personal views and no one can force us to do anything. We have to do research and have an analysis of the business we are going to run, including investing in everything. Moreover, investing in bitcoin and altcoins. We are aware that crypto is unpredictable and volatile.
If you want to have bitcoin for investment, we can use the DCA method, this makes it easier for us to save in bitcoin.

Offline EthereumDev_

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Re: Is Bitcoin Too Expensive For Me?
« Reply #274 on: April 11, 2024, 04:29:27 PM »
You are right, I agree with your statement " in every work we have to use our own thoughts and personal views and no one can force us to do anything. We have to do research and have an analysis of the business we are going to run, including investing in everything. Moreover, investing in bitcoin and altcoins. We are aware that crypto is unpredictable and volatile.
If you want to have bitcoin for investment, we can use the DCA method, this makes it easier for us to save in bitcoin.
Of course, when you want to decide on something, what you choose depends on the economic conditions you are experiencing. It seems impossible for you to copy everyone's decisions because their conditions are not necessarily the same as your economic conditions. So basically everything we want to do must be in accordance with what we are currently doing. Not everyone is able to invest in Bitcoin, only a few people who understand cryptocurrency will understand how to make a profit from investing in Bitcoin.

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Re: Is Bitcoin Too Expensive For Me?
« Reply #275 on: April 11, 2024, 05:12:12 PM »
You are right, I agree with your statement " in every work we have to use our own thoughts and personal views and no one can force us to do anything. We have to do research and have an analysis of the business we are going to run, including investing in everything. Moreover, investing in bitcoin and altcoins. We are aware that crypto is unpredictable and volatile.
If you want to have bitcoin for investment, we can use the DCA method, this makes it easier for us to save in bitcoin.
Of course, when you want to decide on something, what you choose depends on the economic conditions you are experiencing. It seems impossible for you to copy everyone's decisions because their conditions are not necessarily the same as your economic conditions. So basically everything we want to do must be in accordance with what we are currently doing. Not everyone is able to invest in Bitcoin, only a few people who understand cryptocurrency will understand how to make a profit from investing in Bitcoin.
If your abilities and economic conditions are lacking, you should look for income by joining bounties and airdrops, from the rewards we can use them to buy coins and invest. Many members here do that, once they feel they have enough assets they will focus more on trading and investing. It's all just a process and we don't always look for rewards, we can look for profits from daily trading

Offline Jamal Aezaz

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Re: Is Bitcoin Too Expensive For Me?
« Reply #276 on: April 11, 2024, 06:33:30 PM »
You are right, I agree with your statement " in every work we have to use our own thoughts and personal views and no one can force us to do anything. We have to do research and have an analysis of the business we are going to run, including investing in everything. Moreover, investing in bitcoin and altcoins. We are aware that crypto is unpredictable and volatile.
If you want to have bitcoin for investment, we can use the DCA method, this makes it easier for us to save in bitcoin.

If in everything other people guide you to take decision then you will never be able to make own decisions and it is a sign of weak people. We should be strong enough that we don't have to follow others but should try to be a person that is followed by others.

Bitcoin is an investment opportunity in which you have to invest large sum of money so think well before investment otherwise if you accept suggestions of others then you will also ask about selling price so don't take risk by accepting suggestions from others and plan your own journey.
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Re: Is Bitcoin Too Expensive For Me?
« Reply #276 on: April 11, 2024, 06:33:30 PM »


Offline doc

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Re: Is Bitcoin Too Expensive For Me?
« Reply #277 on: April 11, 2024, 06:57:25 PM »
You are right, I agree with your statement " in every work we have to use our own thoughts and personal views and no one can force us to do anything. We have to do research and have an analysis of the business we are going to run, including investing in everything. Moreover, investing in bitcoin and altcoins. We are aware that crypto is unpredictable and volatile.
If you want to have bitcoin for investment, we can use the DCA method, this makes it easier for us to save in bitcoin.

If in everything other people guide you to take decision then you will never be able to make own decisions and it is a sign of weak people. We should be strong enough that we don't have to follow others but should try to be a person that is followed by others.

Bitcoin is an investment opportunity in which you have to invest large sum of money so think well before investment otherwise if you accept suggestions of others then you will also ask about selling price so don't take risk by accepting suggestions from others and plan your own journey.
It is not easy for beginners to carry out analysis, they will more easily believe other people's advice even though they themselves do not understand the risks. Accepting other people's suggestions is also good, as long as their suggestions make us gain new knowledge. but as you said the decision is always in our hands, we ourselves must decide, because that is what we should do when investing

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Re: Is Bitcoin Too Expensive For Me?
« Reply #278 on: April 12, 2024, 01:05:39 PM »
It is not easy for beginners to carry out analysis, they will more easily believe other people's advice even though they themselves do not understand the risks. Accepting other people's suggestions is also good, as long as their suggestions make us gain new knowledge. but as you said the decision is always in our hands, we ourselves must decide, because that is what we should do when investing
It's true, believing what other people say is not good, but at least we know what other people think and you can compare it with your own analysis so that when your analysis and other people's analysis can be compared well and it can be of value. you to keep learning from others. Don't ever feel like we are the smartest, because there are still people who have more market analysis skills than us.

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Re: Is Bitcoin Too Expensive For Me?
« Reply #279 on: April 12, 2024, 06:35:21 PM »
It is not easy for beginners to carry out analysis, they will more easily believe other people's advice even though they themselves do not understand the risks. Accepting other people's suggestions is also good, as long as their suggestions make us gain new knowledge. but as you said the decision is always in our hands, we ourselves must decide, because that is what we should do when investing
It's true, believing what other people say is not good, but at least we know what other people think and you can compare it with your own analysis so that when your analysis and other people's analysis can be compared well and it can be of value. you to keep learning from others. Don't ever feel like we are the smartest, because there are still people who have more market analysis skills than us.
It is a good idea to share experiences with other people in building our knowledge, because not all the results of our research and analysis are always correct. In this world, nothing is perfect, that doesn't mean we have to follow other people's analysis, at least as a comparison to our analysis. and the decision is always in our own hands
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Re: Is Bitcoin Too Expensive For Me?
« Reply #280 on: April 13, 2024, 07:41:11 AM »
It is a good idea to share experiences with other people in building our knowledge, because not all the results of our research and analysis are always correct. In this world, nothing is perfect, that doesn't mean we have to follow other people's analysis, at least as a comparison to our analysis. and the decision is always in our own hands
Sharing experiences is indeed very good for improving relationships with other people, but we must be able to limit what we share, because we must still have good privacy to maintain our security. Not everything we do in front of other people has good value and is useful for them, sometimes they also feel like they don't want to listen to what you are talking about.

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Re: Is Bitcoin Too Expensive For Me?
« Reply #281 on: April 13, 2024, 05:48:25 PM »
It is a good idea to share experiences with other people in building our knowledge, because not all the results of our research and analysis are always correct. In this world, nothing is perfect, that doesn't mean we have to follow other people's analysis, at least as a comparison to our analysis. and the decision is always in our own hands
Sharing experiences is indeed very good for improving relationships with other people, but we must be able to limit what we share, because we must still have good privacy to maintain our security. Not everything we do in front of other people has good value and is useful for them, sometimes they also feel like they don't want to listen to what you are talking about.
When it comes to privacy, I don't think we should share it with others, just let us know. but what is discussed this time is only knowledge and experience in the crypto world, so I don't think it's a privacy issue when we talk about science.
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Re: Is Bitcoin Too Expensive For Me?
« Reply #282 on: April 13, 2024, 06:26:40 PM »
It is a good idea to share experiences with other people in building our knowledge, because not all the results of our research and analysis are always correct. In this world, nothing is perfect, that doesn't mean we have to follow other people's analysis, at least as a comparison to our analysis. and the decision is always in our own hands
Sharing experiences is indeed very good for improving relationships with other people, but we must be able to limit what we share, because we must still have good privacy to maintain our security. Not everything we do in front of other people has good value and is useful for them, sometimes they also feel like they don't want to listen to what you are talking about.
When it comes to privacy, I don't think we should share it with others, just let us know. but what is discussed this time is only knowledge and experience in the crypto world, so I don't think it's a privacy issue when we talk about science.
If sharing crypto experiences can increase our knowledge about crypto, that is a positive thing. but we must be able to assess and take the good side of all the discussions discussed. because not everything that is good for people will have a good impact on us. That's why we should do our own research and analysis, and sharing experiences is just a place for discussion

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Re: Is Bitcoin Too Expensive For Me?
« Reply #283 on: April 16, 2024, 11:39:05 PM »
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?.
Since Bitcoin investment is what an investor can invest in at any time of the day and they can choose not to invest in it all at once depending on the funds they have, it will damn okay if they choose to invest in bitcoin with little they have and hodl it for long term and employ a DCA method as they get the spare money to invest in Bitcoin. Bitcoin investment doesn't really care if you have invested in it or not before and it will be the last to question you on why investing in it with little you have rather than investing in it with big  because of how expensive it is

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Re: Is Bitcoin Too Expensive For Me?
« Reply #284 on: April 17, 2024, 05:36:03 AM »
No one forces us to buy how much bitcoin, because everything must be within our capabilities, at least with a minimum figure of $10 and we can try to buy and invest in bitcoin. The important thing is to learn to invest small and we also use the DCA method.

Making investments using the DCA method is of course good, but you must have 2 things
1) You must have a regular income or 100% confidence that you will not be fired
2) You must have iron discipline, because if you want to invest $10, for example, out of $100 with a salary of 300-500, then you subconsciously understand that they are already not enough to exist normally.
Not just that, for you to be able to use DCA method to invest in bitcoin, you must also have an emergency funds that should be from 3-6months and above, so that when an emergency rises, you don't need to use your bitcoin investment to take care of that emergency. This is why a steady income is needed to build up your bitcoin investment portfolio, and your emergency funds. For instance, if you get sacked from work, your emergency funds can be used to take care of your needs for the main time till you get another job.
The reason for investing in Bitcoin or other cryptocurrencies is to earn some profit to grow our wealth. And the reason for increasing wealth is to live a luxurious life. But when you live on a tight budget, what is the value of your investment? So first of all we should pay attention to our own safety and first of all we should take care of our own health. Then other things. so if you can afford to invest after taking care of your own well-being then you can invest in Bitcoin either with or without DCA method depending on your risk management ability.
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