Is Bitcoin Too Expensive For Me?

[$crypto$]

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.

FOMO is one of the mistakes of investors, especially new investors. They don't want to be left behind so they forget what they have to do before investing.

But they can learn from their mistakes if it causes them to feel a loss or they have to hold on longer. Because if you remember when you first started getting to know crypto, I could also be said to be someone who had FOMO, but we can avoid that as time goes by.

[JoyMarsha]

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.

FOMO is one of the mistakes of investors, especially new investors. They don't want to be left behind so they forget what they have to do before investing.

But they can learn from their mistakes if it causes them to feel a loss or they have to hold on longer. Because if you remember when you first started getting to know crypto, I could also be said to be someone who had FOMO, but we can avoid that as time goes by.

Without being told. Most of us have someway experienced FOMO in the past as newbies to crypto. But as time goes by, we begin to know that FOMO is one of the mistakes an investor can make, as you have stated. However, I think once an investor can be able to let go of it, he's going to be a successful investor in crypto space.

[SamReomo]

FOMO is one of the mistakes of investors, especially new investors. They don't want to be left behind so they forget what they have to do before investing.

FOMO is not exactly a mistake done by good investors it's a mistake done by weak hands or those who get excited a lot. Even new investors who took good courses and have been trained by good mentors won't be misguided by the FOMO, only those who are weak hands get affected by it and they end up buying Bitcoin or any other asset at highest values.

Those people can be secured if they invest in Bitcoin because it's safe and long term holding of it is going to help them to regain their capital with profits but those who don't know that or are weak hands may sell shortly after they see dips in the value of Bitcoin and other assets where they have invested their money.

[bitterguy28]

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.

FOMO is one of the mistakes of investors, especially new investors. They don't want to be left behind so they forget what they have to do before investing.

But they can learn from their mistakes if it causes them to feel a loss or they have to hold on longer. Because if you remember when you first started getting to know crypto, I could also be said to be someone who had FOMO, but we can avoid that as time goes by.

Without being told. Most of us have someway experienced FOMO in the past as newbies to crypto. But as time goes by, we begin to know that FOMO is one of the mistakes an investor can make, as you have stated. However, I think once an investor can be able to let go of it, he's going to be a successful investor in crypto space.

I must admit that at some point once or twice I did or experienced FOMO(though those days i don not even know what FOMO means just realized when i constantly  read about this term) but yeah maturity thought us not to have this now because that will only lead to mistakes and wrong perception of the market.
we must realize that  the more we are cool and observant is the more we are safer in each of our dealings here.
and also  try to learn the graph reading because there are many experts here but we should not only rely on what they are saying instead learn from our own to keep safe our precious investments.

[$crypto$]

FOMO is one of the mistakes of investors, especially new investors. They don't want to be left behind so they forget what they have to do before investing.

But they can learn from their mistakes if it causes them to feel a loss or they have to hold on longer. Because if you remember when you first started getting to know crypto, I could also be said to be someone who had FOMO, but we can avoid that as time goes by.

Without being told. Most of us have someway experienced FOMO in the past as newbies to crypto. But as time goes by, we begin to know that FOMO is one of the mistakes an investor can make, as you have stated. However, I think once an investor can be able to let go of it, he's going to be a successful investor in crypto space.

Of course, when someone can avoid FOMO, they will be able to become better investors, because they base their investments by analyzing, not by just following along because they don't want to miss out when there is a coin that is hype, for example.

Slowly, those who want to learn, I'm sure they will be able to avoid FOMO, but if they don't want to learn from their mistakes then they will always do the same thing.

[rachael9385]

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.

People with limited fundz can't continue investing on Bitcoin because the source of their income is not bringing profits for them always, so fir such person, the easiest way they could invest in Bitcoin is by buying with lump sum, at least this is a strategy that allows them to buy ones whenever they have a lot of money. However, I am not encouraging that people should should not DCA in bitcoin. Actually, DCA method gives us the opportunity to buy and accumulate Bitcoin gradually.

[LUCKMCFLY]

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.

Well in part most people get carried away by their emotions, that's why the whales always win, because they set their traps where many fall, and emotions are their specialty, so in part we are people who will always see the market from a very superficial point of view, because at least I'm not a whale, so to enter the market I must do a great analysis so as not to lose my money, or at least give it away, I always look to get something out of the market, although the easiest and safest way will always be to Hodl as safe as bitcoin is, but it is a fact that emcoins make the market move.

[|MINER|]

People with limited fundz can't continue investing on Bitcoin because the source of their income is not bringing profits for them always, so fir such person, the easiest way they could invest in Bitcoin is by buying with lump sum, at least this is a strategy that allows them to buy ones whenever they have a lot of money. However, I am not encouraging that people should should not DCA in bitcoin. Actually, DCA method gives us the opportunity to buy and accumulate Bitcoin gradually.

Yes Lump sum strategy can be also a good way to investment but in case of risk management I will say that the DCA method is the best method for all not it only because it is increase the accumulation amount. Anyway if one person don't have money and don't have knowledge and skill they should do the investment. Investment when your earning source have that support and otherwise don't don't go with the investment.

[rachael9385]

People with limited fundz can't continue investing on Bitcoin because the source of their income is not bringing profits for them always, so fir such person, the easiest way they could invest in Bitcoin is by buying with lump sum, at least this is a strategy that allows them to buy ones whenever they have a lot of money. However, I am not encouraging that people should should not DCA in bitcoin. Actually, DCA method gives us the opportunity to buy and accumulate Bitcoin gradually.

Yes Lump sum strategy can be also a good way to investment but in case of risk management I will say that the DCA method is the best method for all not it only because it is increase the accumulation amount. Anyway if one person don't have money and don't have knowledge and skill they should do the investment. Investment when your earning source have that support and otherwise don't don't go with the investment.

DCA method gives us the opportunity to always invest in Bitcoin if we are having a steady flow of profit from our source of income. With DCA method we can buy Bitcoin even when Bitcoin price is depreciating. DCA method is kind of method that gives the opportunity to buy Bitcoin with a specific amount daily, weekly or monthly and with time if we are been paid with a higher amounts from our jobs or business we can also increase the amount we DCA with. And this is also the reason why it's better for one to DCA in Bitcoin than to go into Bitcoin investment with lump sum.

[rojan]

People with limited fundz can't continue investing on Bitcoin because the source of their income is not bringing profits for them always, so fir such person, the easiest way they could invest in Bitcoin is by buying with lump sum, at least this is a strategy that allows them to buy ones whenever they have a lot of money. However, I am not encouraging that people should should not DCA in bitcoin. Actually, DCA method gives us the opportunity to buy and accumulate Bitcoin gradually.

Yes Lump sum strategy can be also a good way to investment but in case of risk management I will say that the DCA method is the best method for all not it only because it is increase the accumulation amount. Anyway if one person don't have money and don't have knowledge and skill they should do the investment. Investment when your earning source have that support and otherwise don't don't go with the investment.

Investing is very easy but earning money by employing piny is very difficult. If you can't video in right coins then you will never be able to see profit instead of profit you will have high risk of losing money. So before investing have good experience about investment.  We have to acquire and discuss what coins to invest and then decide to invest. If we invest with a hasty decision, we will put our money at risk.

[TomPluz]

DCA method gives us the opportunity to always invest in Bitcoin if we are having a steady flow of profit from our source of income. With DCA method we can buy Bitcoin even when Bitcoin price is depreciating. DCA method is kind of method that gives the opportunity to buy Bitcoin with a specific amount daily, weekly or monthly and with time if we are been paid with a higher amounts from our jobs or business we can also increase the amount we DCA with. And this is also the reason why it's better for one to DCA in Bitcoin than to go into Bitcoin investment with lump sum.

I have read many good things on the use of DCA most especially with how they invest with Bitcoin (and good alts, of course) and it is working for them especially with the fact that Bitcoin will surely rise in price and value in the years coming. For me, this is like making a savings account and making sure that you are depositing into the account on a regular basis...but we know that with Bitcoin the profit potential can be exponential and one can even gain financial freedom with it unlike trusting the usual financial institutions who will only give crumbs as ROI and you have to wait for decades to increase your wealth. So for people who have the money on a regular basis, DCA way can be the most recommended strategy.

[rachael9385]

DCA method gives us the opportunity to always invest in Bitcoin if we are having a steady flow of profit from our source of income. With DCA method we can buy Bitcoin even when Bitcoin price is depreciating. DCA method is kind of method that gives the opportunity to buy Bitcoin with a specific amount daily, weekly or monthly and with time if we are been paid with a higher amounts from our jobs or business we can also increase the amount we DCA with. And this is also the reason why it's better for one to DCA in Bitcoin than to go into Bitcoin investment with lump sum.

I have read many good things on the use of DCA most especially with how they invest with Bitcoin (and good alts, of course) and it is working for them especially with the fact that Bitcoin will surely rise in price and value in the years coming. For me, this is like making a savings account and making sure that you are depositing into the account on a regular basis...but we know that with Bitcoin the profit potential can be exponential and one can even gain financial freedom with it unlike trusting the usual financial institutions who will only give crumbs as ROI and you have to wait for decades to increase your wealth. So for people who have the money on a regular basis, DCA way can be the most recommended strategy.

Yeah. It's like a saving account but the difference is that we DCA with crypto currencies while the other one is dealing with Fiat. However it's good to know about DCA method because it's a kind of easy way to achieve a good sum of Bitcoin. I prefer one to do DCA with Bitcoin instead of altcoins because some altcoins are not trusted like Bitcoin, why because some of them are new to the market and if any investor who haven't known about those new altcoins fails to make their own research before they invest in them, they might end up losing all their money. The best coin to use the DCAing strategy on is nothing but Bitcoin but you might choose to try it on Etherum because Etherum coin is also a little bit trusted. DCAing strategy is the best for a crypto newbie to use an invest in Bitcoin.

[|MINER|]

Investing is very easy but earning money by employing piny is very difficult. If you can't video in right coins then you will never be able to see profit instead of profit you will have high risk of losing money. So before investing have good experience about investment.  We have to acquire and discuss what coins to invest and then decide to invest. If we invest with a hasty decision, we will put our money at risk.

Maybe you are right but I really didn't get it what do you mean by the video in right coin maybe it's a typing mistake most likely it can be the invest. So yes if you are not select the right coin by your own analysis then maybe you can not make a piny of profit on the others hand there will be high chances for lossing the whole fund of your at once. Such as the people who invest on Luna on that incidence  most of them face huge loss. So they get traps on their greed.

[yohananaomi]

DCA method gives us the opportunity to always invest in Bitcoin if we are having a steady flow of profit from our source of income. With DCA method we can buy Bitcoin even when Bitcoin price is depreciating. DCA method is kind of method that gives the opportunity to buy Bitcoin with a specific amount daily, weekly or monthly and with time if we are been paid with a higher amounts from our jobs or business we can also increase the amount we DCA with. And this is also the reason why it's better for one to DCA in Bitcoin than to go into Bitcoin investment with lump sum.

I have read many good things on the use of DCA most especially with how they invest with Bitcoin (and good alts, of course) and it is working for them especially with the fact that Bitcoin will surely rise in price and value in the years coming. For me, this is like making a savings account and making sure that you are depositing into the account on a regular basis...but we know that with Bitcoin the profit potential can be exponential and one can even gain financial freedom with it unlike trusting the usual financial institutions who will only give crumbs as ROI and you have to wait for decades to increase your wealth. So for people who have the money on a regular basis, DCA way can be the most recommended strategy.

Until now, we cannot deny that the DCA scheme for purchasing Bitcoin is very effective and there is a lot of evidence. It must be remembered that this scheme is continuous and there is a time limit that must be achieved, and usually it is 4 years, which always coincides with the halving period, so there is a certain time limit. This can be confirmed by the DCA scheme in bitcoin investment.
Agree, that the DCA scheme is no different from what we do when saving in a bank, which is quite different from a bank without a time limit, but bitcoin investment will always occur at the end of the halving period and the price will increase, and we will release the investment at a profit.

[Uruhara]

Investing is very easy but earning money by employing piny is very difficult. If you can't video in right coins then you will never be able to see profit instead of profit you will have high risk of losing money. So before investing have good experience about investment.  We have to acquire and discuss what coins to invest and then decide to invest. If we invest with a hasty decision, we will put our money at risk.

It's true, anything that starts hastily will not result in anything good. Be it in investment or in other things. Because to make an action and decision requires long consideration. especially in investment. And we are talking here about crypto investment which is a high risk asset. So a fairly long analysis is needed before making a decision. And even the funds used must also be special funds prepared that are ready for the risks that will be faced. But in bitcoin, DCA is actually still the best strategy for the long term and for those who are sure of a good future in bitcoin.