Is Bitcoin Too Expensive For Me?

[Makus]

It cannot be denied that this method makes it easier for us to invest, we are not required to have a lot of money, because with only a small amount of money we can still invest and that is something that benefits us.

There are many ways that can be used and this strategy is a popular strategy that many people use. The effectiveness of this method is something that makes us have no pressure, because we can invest any amount.

Yes, DCA is very effective in investing in crypto, because we can buy in stages with the money we have.  Say did that, using money from trading.  The profits from trading I bought bitcoin using the DCA method.  Maybe many members here have done it.

Absolutely correct mate, this is one of the things that makes Bitcoin accumulation interesting. The fact that you can actually choose for several accumulation strategies and use the one that works best for you is quite fun. You could actually combine one or more strategies to form a more productive and conducive strategy. Personally I like the DCA and combining it with buying the dip will aid more profit. Or using the lump sum in cases were the market is in a serious dip. It's not compulsory that an investor must buy 1btc before they know as investors or Bitcoin enthusiast.  The process is simple, buy what you have, no pressure.

[ajiz138]

It cannot be denied that this method makes it easier for us to invest, we are not required to have a lot of money, because with only a small amount of money we can still invest and that is something that benefits us.

There are many ways that can be used and this strategy is a popular strategy that many people use. The effectiveness of this method is something that makes us have no pressure, because we can invest any amount.

Yes, DCA is very effective in investing in crypto, because we can buy in stages with the money we have.  Say did that, using money from trading.  The profits from trading I bought bitcoin using the DCA method.  Maybe many members here have done it.

Well that's also something we can do and I do it too, I usually invest in altcoins and take the profits and divert them to buying bitcoin. Methods like this are strategies that everyone can do.

We can focus on bitcoin, but we also don't miss altcoins. This is something that is very profitable for us, because we can maximize all the opportunities that exist.

[alltalk]

This is an economical way for those of us who don't have a lot of capital to buy bitcoins, we only need to set aside money every week or every month to collect bitcoins. This method has been used by many people and it works.

Yep. Many people can succeed with this way. This is a realistic way that people who have limited funds to apply. Even with the funds below $50, we can accumulate Bitcoin every month. I think it is not so difficult to spend money around $30-$50 every month. If we can do it consistently in 3-4 years, we can have good number of Bitcoin in our wallets.

Of course, if we want to own large amounts of bitcoin directly, then that will be difficult for us to do. Because our financial capabilities are different, some are capable and some are not, so use a method that is easy for us, one of which is DCA.

Only rich people who can have large number of Bitcoin, even 1 Bitcoin is something difficult to own by average and poor people. Sure, DCA is the way that everyone can do to accumulate Bitcoin gradually. It doesn't require to have a lot of money, we can buy Bitcoin with any amount of money we have. I know, everyone has a different financial stability or economic level. 

[bayu7adi]

Yep. Many people can succeed with this way. This is a realistic way that people who have limited funds to apply. Even with the funds below $50, we can accumulate Bitcoin every month. I think it is not so difficult to spend money around $30-$50 every month. If we can do it consistently in 3-4 years, we can have good number of Bitcoin in our wallets.

Even though it's not as much as rich people have, I'm sure they will experience asset growth due to Bitcoin price movements in that time period. If converted to FIAT, it is certain that people who carry out DCA within a period of 4 years will get profits which may be on average at least more than +60%. You can use this DCA calculator https://cryptodca.io/crypto-dca-calculator/ if you want to know what idea you can get.

Because this is a long-term model, at least those who do DCA must be mentally strong and consistent. Considering that it seems like many people stop in the middle of the road because of several obstacles.

[yohananaomi]

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.

DCA is always a good way to own bitcoin, we can start it when it is bearish, as many senior members do. By buying gradually we will be able to have a larger amount of bitcoin, even though it starts from $10, but if we always buy $10 every week for a year we will also have a large asset.

Because bitcoin is already very high, sometimes people not can afford to buy it in units, so there are those who buy it using several schemes so they can also have it, but the DCA scheme is the best possible compared to other schemes.
It is very important that when prices are down, it is the right time to buy, because by getting a cheap price you will collect more.
Whatever amount is used, as long as it is done consistently, it will be achieved well.

[LUCKMCFLY]

There is no doubt that this strategy has been used by many people who want to invest in bitcoin, especially those who have minimal capital to buy bitcoin.

And gradual buying has brought us to this point, I mean if we made gradual buying when bitcoin was at its lowest price then we would have made a profit, at least 3x we would have made a profit from the rise in bitcoin now. This must be felt by us holders.,

Limited funds for investing are the reason why we have to use the CDA method if we want to collect large amounts of bitcoin by buying in stages. This method is very effective and we can do it long before the bullish season, so that during the bullish season we can sell our bitcoins in larger amounts and of course at a higher price.

It cannot be denied that this method makes it easier for us to invest, we are not required to have a lot of money, because with only a small amount of money we can still invest and that is something that benefits us.

There are many ways that can be used and this strategy is a popular strategy that many people use. The effectiveness of this method is something that makes us have no pressure, because we can invest any amount.

Everything that means buying and accumulating bitcoin is what is needed, personally I have always said something, when we rush to look for a way to have bitcoin, we know that due to its price we cannot obtain it at once, but we can through Methods , the important thing is to accumulate satoshis and satoshis until they accumulate as much as possible Some do Trading , others are dedicated to Selling their things to buy, which Doesn't seem bad to me , but people can't lose focus, they have to know how to control themselves to Don't buy so high, you have to try to buy in the dips , the chart itself indicates it, there is a lot of analysis from people who can help us and especially in the Forums.

[Jamal Aezaz]

Well that's also something we can do and I do it too, I usually invest in altcoins and take the profits and divert them to buying bitcoin. Methods like this are strategies that everyone can do.

We can focus on bitcoin, but we also don't miss altcoins. This is something that is very profitable for us, because we can maximize all the opportunities that exist.

Most of the people are doing the same thing as they buy both Bitcoin and altcoins and whenever they find their hold altcoins profitable then they invest that amount of profit into Bitcoin so in such case they will be more profitable in future.

People are afraid of altcoins investment but they don't know that the amount of profit from altcoins are also very big if they do the same things which are necessary for having a money making opportunity. We have to take benefit from each and every chance because the same profitable situations do not exist all the time so take the risk and go ahead with learned skills.

[Faisal2202]

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?.

Post is old but the question still fits best at the current times, so I will say if you have a little amount of money and you want to invest in BTC then its good you should invest it but first you have to realize what are your goals. I mean how long are you planning to invest, for 1 year or for a few months only, and what's the profit you are expecting if 3x from the CMP then that's a no even if it is 2x then it still a no to BTC, and I would prefer you to go with some ALT.

But considering the price of BTC at the post time, I will say it was a good time to buy btc for a 2x because at that time the price was around $42k I think, or close to this number. So at that time, the entry would make us 2x or maybe more but at the current market price, it can't so the best choice is to go with some good alt. ETH is good-looking at the moment it can give us more than 3x.

[alltalk]

Even though it's not as much as rich people have, I'm sure they will experience asset growth due to Bitcoin price movements in that time period. If converted to FIAT, it is certain that people who carry out DCA within a period of 4 years will get profits which may be on average at least more than +60%.

For those people who already bought most of their Bitcoin when the price was below $20k, they already got profits more than 100%. Just remember how the dip price of Bitcoin in 2022, it was below $20k. Not sure if those people who bought at that year still keep holding or taking profits already. But they must get huge profits even they didn't buy too many Bitcoin. Even holding 1 Bitcoin, we already got nice profits. 

Because this is a long-term model, at least those who do DCA must be mentally strong and consistent. Considering that it seems like many people stop in the middle of the road because of several obstacles.

Yep. We must have strong mentality and discipline if we want to hold for a long term. It is not easy to hold a long term because there will be too many FUDs and we will see the massive movement of Bitcoin price. For those people who have weak mentality, it is not recommended to hold a long term. They must be panicked when there massive FUDs. 

[yohananaomi]

Well that's also something we can do and I do it too, I usually invest in altcoins and take the profits and divert them to buying bitcoin. Methods like this are strategies that everyone can do.

We can focus on bitcoin, but we also don't miss altcoins. This is something that is very profitable for us, because we can maximize all the opportunities that exist.

Most of the people are doing the same thing as they buy both Bitcoin and altcoins and whenever they find their hold altcoins profitable then they invest that amount of profit into Bitcoin so in such case they will be more profitable in future.

People are afraid of altcoins investment but they don't know that the amount of profit from altcoins are also very big if they do the same things which are necessary for having a money making opportunity. We have to take benefit from each and every chance because the same profitable situations do not exist all the time so take the risk and go ahead with learned skills.

Of course, that's the right way to apply. When you make a profit on altcoins, you immediately transfer the profits you get to Bitcoin because the profits will increase even more, because Bitcoin is a long-term investment and has very little risk.
You are right, many are afraid of investing in altcoins because many altcoins are scams, but when it comes to profits, they are no less and are often even higher because the value we invest is usually greater than investing in bitcoin, whose price is already high. That's the only thing that ultimately makes the difference.
You always have to be wise and be able to find which one is more profitable because the goal is to make a profit by investing.

[Eroptech]

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.

DCA is always a good way to own bitcoin, we can start it when it is bearish, as many senior members do. By buying gradually we will be able to have a larger amount of bitcoin, even though it starts from $10, but if we always buy $10 every week for a year we will also have a large asset.

Because bitcoin is already very high, sometimes people not can afford to buy it in units, so there are those who buy it using several schemes so they can also have it, but the DCA scheme is the best possible compared to other schemes.
It is very important that when prices are down, it is the right time to buy, because by getting a cheap price you will collect more.
Whatever amount is used, as long as it is done consistently, it will be achieved well.

The best time to buy bitcoin depends on the strategy that the investor is using to accumulate bitcoin  more especially if the investor is using DCA strategy to accumulate bitcoin,the investor can buy during the dip, and also when the price is also high, since DCA method involves buying bitcoin regularly either weekly or monthly. But if the investor is using lump strategy, the best time to buy is during the dip. Although I won't advise anyone to wait for bitcoin to dip beforehe begins to make an investment.

[doc]

The best time to buy bitcoin depends on the strategy that the investor is using to accumulate bitcoin  more especially if the investor is using DCA strategy to accumulate bitcoin,the investor can buy during the dip, and also when the price is also high, since DCA method involves buying bitcoin regularly either weekly or monthly. But if the investor is using lump strategy, the best time to buy is during the dip. Although I won't advise anyone to wait for bitcoin to dip beforehe begins to make an investment.

During the bearish season 2 years ago I used the DCA method to buy bitcoin and ethereum, but after bitcoin reached ATh $73K, I stopped using this method. because in my opinion the price of bitcoin is too high. Currently I only buy when the market experiences a correction. And I also started using other altcoins to diversify

[MUGNIA]

The best time to buy bitcoin depends on the strategy that the investor is using to accumulate bitcoin  more especially if the investor is using DCA strategy to accumulate bitcoin,the investor can buy during the dip, and also when the price is also high, since DCA method involves buying bitcoin regularly either weekly or monthly. But if the investor is using lump strategy, the best time to buy is during the dip. Although I won't advise anyone to wait for bitcoin to dip beforehe begins to make an investment.

That's right, everyone has their own strategy for investing and sometimes other people can't follow it, and when the time is right, we can't see from other people that our readiness with money is also a major factor in investing.

[Jamal Aezaz]

Of course, that's the right way to apply. When you make a profit on altcoins, you immediately transfer the profits you get to Bitcoin because the profits will increase even more, because Bitcoin is a long-term investment and has very little risk.
You are right, many are afraid of investing in altcoins because many altcoins are scams, but when it comes to profits, they are no less and are often even higher because the value we invest is usually greater than investing in bitcoin, whose price is already high. That's the only thing that ultimately makes the difference.
You always have to be wise and be able to find which one is more profitable because the goal is to make a profit by investing.

Some people don't have enough money to buy bitcoin directly so most of the time they purchase low value coins and take out the profit when it grows higher so in such a way they can buy Bitcoin by utilizing the profit from altcoins.

There are many scam projects but only knowledge can help you to avoid scam and invest in profitable altcoins so try to do investigation and make a detailed study that can aid in making the right selection. If you give your precious time to investigation then altcoins will give you precious outcomes for which you are dreaming for lots of months or years.

[alltalk]

During the bearish season 2 years ago I used the DCA method to buy bitcoin and ethereum, but after bitcoin reached ATh $73K, I stopped using this method. because in my opinion the price of bitcoin is too high. Currently I only buy when the market experiences a correction. And I also started using other altcoins to diversify

So, you have applied the DCA method since 2022? Well, you must got many Bitcoin because it was in the lowest price of Bitcoin. DCA is a proper method to accumulate Bitcoin gradually. Many people use this method because it is an effective method for the people who have limited funds. Sure, when the price of Bitcoin have reached a new ATH, it is okay if you want to stop it. Have you sold your Bitcoin at $73k? It is always good to buy when there is a correction or the market looks in the sideways phase.

Diversification is good but we must always choose safe coins. Top altcoins are good for the options of some coins to buy. I also prioritize the top coins for my assets. I think diversification will be useless if we choose the wrong coins. So, whatever the way in investment, choosing the right coins are a must.