Is Bitcoin Too Expensive For Me?

[JISAN]

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.

Bitcoin never requires investing large amounts at once. So those who don't have enough money to make big investments can invest small amounts regularly as per their ability. Then it will follow the DCA method and greatly reduce their investment risk. So I think people who don't have much money should invest in Bitcoin instead of investing or trading in Altcoins then their money will be much safer. Since they are already very weak financially, they should not take high risk anyway

[dekafee79]

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.

Bitcoin never requires investing large amounts at once. So those who don't have enough money to make big investments can invest small amounts regularly as per their ability. Then it will follow the DCA method and greatly reduce their investment risk. So I think people who don't have much money should invest in Bitcoin instead of investing or trading in Altcoins then their money will be much safer. Since they are already very weak financially, they should not take high risk anyway

but if you buy altcoins during bearish season it's also safe, dude. Moreover, altcoins are the top 10 coins. So if you want to invest with limited funds, bitcoin and altcoins are also an option, as long as you choose top coins.  We can buy bitcoin according to the nominal value of our money, we don't have to buy a lot and I really agree with the DCA method.

[yohananaomi]

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.

The strategy implemented by each person may be the same, and it is possible that it will be completely different, but that is what happens and is a normal thing, because everything is done by looking at the individual's readiness in terms of ability to be able to carry out the action that will be taken. There are those who wait until the correction occurs and then carry out the execution and not least, as you said, the readiness of funds is also considered beforehand, whether at that time they will be able to carry out transactions.
So all investments are adjusted to individual situations that may occur when investing and may not be the same as each other.

[dekafee79]

The strategy implemented by each person may be the same, and it is possible that it will be completely different, but that is what happens and is a normal thing, because everything is done by looking at the individual's readiness in terms of ability to be able to carry out the action that will be taken. There are those who wait until the correction occurs and then carry out the execution and not least, as you said, the readiness of funds is also considered beforehand, whether at that time they will be able to carry out transactions.
So all investments are adjusted to individual situations that may occur when investing and may not be the same as each other.

Everyone has their own strategy in investing, you are right. it doesn't have to be the same. because they are based on their respective experiences and beliefs in carrying out the execution. There are those who always buy when there is a correction and sell when they have made a profit. There are those who will only hold long-term, and there are those who do daily trading.

[pawel7777]

Everyone has their own strategy in investing, you are right. it doesn't have to be the same. because they are based on their respective experiences and beliefs in carrying out the execution. There are those who always buy when there is a correction and sell when they have made a profit. There are those who will only hold long-term, and there are those who do daily trading.

Most people don't have any strategy though. And that's why a lot of people tend to lose money on investing/trading, because they act on current emotions.
And that's also how people, who follow good strategies, make their profits, i.e. by unloading on those who FOMO'ed in when the market was red-hot and at it's peak.

[bayu7adi]

Most people don't have any strategy though. And that's why a lot of people tend to lose money on investing/trading, because they act on current emotions.
And that's also how people, who follow good strategies, make their profits, i.e. by unloading on those who FOMO'ed in when the market was red-hot and at it's peak.

FOMO and greed are human traits that are very detrimental to new traders and experienced traders... I think, if you all get rid of these two traits, you will experience success in realizing your trading plans...

Someone who has the insight that BTC will touch $100k, he should think that the current price is cheap and he has the potential to get a 50% profit in the next few weeks. I think that's enough to answer whether Bitcoin is cheap right now or expensive... it all depends on predictions, and predictions depend on strategies in analyzing prices... you can use fundamental analysis or technical analysis according to your favorite.

[Rubel007]

Everyone has their own strategy in investing, you are right. it doesn't have to be the same. because they are based on their respective experiences and beliefs in carrying out the execution. There are those who always buy when there is a correction and sell when they have made a profit. There are those who will only hold long-term, and there are those who do daily trading.

Most people don't have any strategy though. And that's why a lot of people tend to lose money on investing/trading, because they act on current emotions.
And that's also how people, who follow good strategies, make their profits, i.e. by unloading on those who FOMO'ed in when the market was red-hot and at it's peak.

Everyone should have some strategy. Those who have no strategy do not know what they should do. There are many investors who have lost their money due to lack of a well defined strategy. Those who have no strategy have fear and panic. They tend to take any decision by emotion. Another name for making a decision without a strategy is making a decision without doing any research by which investors loss is certain.

[pieppiep]

Everyone has their own strategy in investing, you are right. it doesn't have to be the same. because they are based on their respective experiences and beliefs in carrying out the execution. There are those who always buy when there is a correction and sell when they have made a profit. There are those who will only hold long-term, and there are those who do daily trading.

Most people don't have any strategy though. And that's why a lot of people tend to lose money on investing/trading, because they act on current emotions.
And that's also how people, who follow good strategies, make their profits, i.e. by unloading on those who FOMO'ed in when the market was red-hot and at it's peak.

Everyone should have some strategy. Those who have no strategy do not know what they should do. There are many investors who have lost their money due to lack of a well defined strategy. Those who have no strategy have fear and panic. They tend to take any decision by emotion. Another name for making a decision without a strategy is making a decision without doing any research by which investors loss is certain.

It's true that when you want to get into Cryptocurrency you have to have a mature strategy, but sometimes price movements in the market don't produce results according to plan. Sometimes we are still influenced by several coins that have very fast price movements even though the risk is quite high. We can immediately buy Bitcoin and hold it long enough to get maximum results without having to do deeper research. We believe Bitcoin will always experience an increase in price due to the influence of increasing demand.

[koang]

It's true that when you want to get into Cryptocurrency you have to have a mature strategy, but sometimes price movements in the market don't produce results according to plan. Sometimes we are still influenced by several coins that have very fast price movements even though the risk is quite high. We can immediately buy Bitcoin and hold it long enough to get maximum results without having to do deeper research. We believe Bitcoin will always experience an increase in price due to the influence of increasing demand.

On-chain data, derivatives data, and TA are tools to predict the price because all of these add to the demand and supply picture but putting it together is an art, not a quantifiable science. There's always going to be variables.
So don't focus on the price but focus on the technology
Too many people are freaking out, if we believe Bitcoin is valuable and financial freedom is possible with Bitcoin, we need to chill out and trust it will go up.

[|MINER|]

It's true that when you want to get into Cryptocurrency you have to have a mature strategy, but sometimes price movements in the market don't produce results according to plan. Sometimes we are still influenced by several coins that have very fast price movements even though the risk is quite high. We can immediately buy Bitcoin and hold it long enough to get maximum results without having to do deeper research. We believe Bitcoin will always experience an increase in price due to the influence of increasing demand.

Investing in bitcoin also need some analysis like as the deeper analysis also need in case of bitcoin when a trader was going to invest in bitcoin for large amount and for the short-term investment but in the long-term investment they need also analysis to get the starting point of their investment. Personaly what I think the analysis was just simple in case of long term investment like made a DCA strategy and continue the investment what ever the prices of bitcoin going on and made this investment with the lazy funds.

[alltalk]

Investing in bitcoin also need some analysis like as the deeper analysis also need in case of bitcoin when a trader was going to invest in bitcoin for large amount and for the short-term investment but in the long-term investment they need also analysis to get the starting point of their investment. Personaly what I think the analysis was just simple in case of long term investment like made a DCA strategy and continue the investment what ever the prices of bitcoin going on and made this investment with the lazy funds.

Of course, there is no way that we invest in Bitcoin with no analysis. We must know the best time for entry and for exit, at least. If people have limited funds, they may choose to buy with DCA strategy. This means to do many analysis about the entry time because DCA strategy will enable us to buy gradually.

Regarding the amount of money to invest in Bitcoin, it depends on the financial strength of someone. We don't force to invest in too large amount of money. It is better to invest with the amount of money that we afford to lose. So, we don't have a problem to hold the Bitcoin for a long time.

[yohananaomi]

Everyone should have some strategy. Those who have no strategy do not know what they should do. There are many investors who have lost their money due to lack of a well defined strategy. Those who have no strategy have fear and panic. They tend to take any decision by emotion. Another name for making a decision without a strategy is making a decision without doing any research by which investors loss is certain.

It's true that when you want to get into Cryptocurrency you have to have a mature strategy, but sometimes price movements in the market don't produce results according to plan. Sometimes we are still influenced by several coins that have very fast price movements even though the risk is quite high. We can immediately buy Bitcoin and hold it long enough to get maximum results without having to do deeper research. We believe Bitcoin will always experience an increase in price due to the influence of increasing demand.

It is mandatory that when you enter to participate in crypto, you must be prepared for something that might happen, so what you say is true, that you also have to have a strategy in everything you do with crypto.
So that the results we get will be the maximum of what we want, because no one wants to fail in investing.
Bitcoin is the best cryptocurrency and is very promising as an investment, especially for long-term investments. But now is the right time to get the results because 2025 is the year when ATH is predicted to occur.

[JoyMarsha]

Everyone has their own strategy in investing, you are right. it doesn't have to be the same. because they are based on their respective experiences and beliefs in carrying out the execution. There are those who always buy when there is a correction and sell when they have made a profit. There are those who will only hold long-term, and there are those who do daily trading.

Most people don't have any strategy though. And that's why a lot of people tend to lose money on investing/trading, because they act on current emotions.
And that's also how people, who follow good strategies, make their profits, i.e. by unloading on those who FOMO'ed in when the market was red-hot and at it's peak.

You are correct. Many people don't have any strategy for investing in crypto. They invested out of FOMO or when a coin is trending or at its peak as you said. That's why the majority are been caught on the loss side because they invest ignorantly without studying the market movement

[SeeBiscuit]

Ok so there are ~8 billion people on earth. On average, that's 262500 satoshi's per person.

I feel like there's plenty of BTC to do business with. The mindset that "bitcoin is too expensive" right now just doesn't make sense if you look at how many satoshi's there are actually available for everyone. Furthermore, it doesn't make sense because of how early bitcoin is in it's life.

People need to stop looking at the price of bitcoin, and start looking at what bitcoin is.

[doc]

Everyone has their own strategy in investing, you are right. it doesn't have to be the same. because they are based on their respective experiences and beliefs in carrying out the execution. There are those who always buy when there is a correction and sell when they have made a profit. There are those who will only hold long-term, and there are those who do daily trading.

Most people don't have any strategy though. And that's why a lot of people tend to lose money on investing/trading, because they act on current emotions.
And that's also how people, who follow good strategies, make their profits, i.e. by unloading on those who FOMO'ed in when the market was red-hot and at it's peak.

You are correct. Many people don't have any strategy for investing in crypto. They invested out of FOMO or when a coin is trending or at its peak as you said. That's why the majority are been caught on the loss side because they invest ignorantly without studying the market movement

Before investing, you should do research, understand market movements. Don't let us get trapped because of FOMO and buy even though the price is too high. We will be trapped at that price and experience losses. It's better to buy safe coins during the bearish season if you want to start investing in crypto, hold on and wait until the bullish season comes.