Is Bitcoin Too Expensive For Me?

[Makus]

At least we have the funds to be able to buy even with fractional value, but what we buy is the best bitcoin and has a very high value, so it can be said that we have money but cannot be said to be rich. But if you enthusiastically continue to increase your bitcoin savings, it is not impossible that it when it reaches its final ATH, you can be said to be abundant and can only be said to be rich but not a millionaire.

Buying fractions is the most adopted strategy of accumulating Bitcoin especially when you are using the DCA strategy. Feeling comfortable while you make your Bitcoin accumulation is nice, though it might take you a while before you get to one Bitcoin due to your accumulation strength but that's fine, going slow and steady is important for DCAing so it doesn't obstruct  other financial activities or spending through out the month. One can also add DCA with other strategy to make iT more fun and comfortable or when you feel like adding a bit of aggression to your accumulation.

[Dr.Bitcoin_Strange]

At least we have the funds to be able to buy even with fractional value, but what we buy is the best bitcoin and has a very high value, so it can be said that we have money but cannot be said to be rich. But if you enthusiastically continue to increase your bitcoin savings, it is not impossible that it when it reaches its final ATH, you can be said to be abundant and can only be said to be rich but not a millionaire.

Buying fractions is the most adopted strategy of accumulating Bitcoin especially when you are using the DCA strategy. Feeling comfortable while you make your Bitcoin accumulation is nice, though it might take you a while before you get to one Bitcoin due to your accumulation strength but that's fine, going slow and steady is important for DCAing so it doesn't obstruct  other financial activities or spending through out the month. One can also add DCA with other strategy to make iT more fun and comfortable or when you feel like adding a bit of aggression to your accumulation.

One terrible mistake most people make is thinking that they first need to have the financial resources to afford 1BTC before they can be able to venture into bitcoin accumulation.
Different investors has different accumulation speed, just because you can't afford to buy a whole bitcoin all at once doesn't restrict anyone from joining the moving train at all, all it takes to build a solid bitcoin portfolio is just few things.
1. Having a good and sustainable stream or source of income.
2. Having a solid financial backup (emergency fund, reserve/float funds) just incase an emergency occurs in future, which is likely to happen, because without a financial backup, one would be forced to dip into his investment for financial support.
3. Consistency. One needs to be consistent with his accumulation using the DCA strategy, regardless of the current market situation.

Having all these in place for starters, one can accumulate a good chunk of Bitcoin overtime with ease.

[laijsica]

At least we have the funds to be able to buy even with fractional value, but what we buy is the best bitcoin and has a very high value, so it can be said that we have money but cannot be said to be rich. But if you enthusiastically continue to increase your bitcoin savings, it is not impossible that it when it reaches its final ATH, you can be said to be abundant and can only be said to be rich but not a millionaire.

Buying fractions is the most adopted strategy of accumulating Bitcoin especially when you are using the DCA strategy. Feeling comfortable while you make your Bitcoin accumulation is nice, though it might take you a while before you get to one Bitcoin due to your accumulation strength but that's fine, going slow and steady is important for DCAing so it doesn't obstruct  other financial activities or spending through out the month. One can also add DCA with other strategy to make iT more fun and comfortable or when you feel like adding a bit of aggression to your accumulation.

DCA method is very effective for low income investors and holders of Bitcoin. He only has to continue to buy Bitcoin at regular intervals of any amount for long time. The duration for them to continue this procedure should be at least 4-10 years or more. Accumulating bitcoins for such a long period of time will allow him to take high profits that are much or several times more than he expected.

[Uruhara]

DCA method is very effective for low income investors and holders of Bitcoin. He only has to continue to buy Bitcoin at regular intervals of any amount for long time. The duration for them to continue this procedure should be at least 4-10 years or more. Accumulating bitcoins for such a long period of time will allow him to take high profits that are much or several times more than he expected.

And yes, there is no need to rush in accumulating bitcoins. Because if we plan for the long term then we have to realize that we have a lot of time to accumulate it slowly. And only use money that you are only prepared to lose. because bitcoin is still a high-risk asset. So we have to be prepared for the risks we take. And only start accumulation if we are sure of the potential of bitcoin.

[Roseline492]

there is no need to rush in accumulating bitcoins. Because if we plan for the long term then we have to realize that we have a lot of time to accumulate it slowly. And only use money that you are only prepared to lose.

Of course there is no need for people who are holding for a long term to start rushing into investing aggressively on Bitcoin because considering the intention of holding for a long term the person could get into a serious trouble on the process, perhaps this is one of the reasons why they say that it doesn't matter the amount of accumulation but what is more important is being consistent and there is no way someone will be consistent if they are aggressively investing on Bitcoin.

Well I noticed that one of the reasons why most people especially the new ones invest aggressively in Bitcoin is because after missing so many years in Bitcoin investment they feel that the only way for them to try if they could meet up is by putting so much money, though in a case of the rich is understandable but for those that doesn't have any source of income is not encouraged but instead focusing on accumulating little by little.

[JISAN]

DCA method is very effective for low income investors and holders of Bitcoin. He only has to continue to buy Bitcoin at regular intervals of any amount for long time. The duration for them to continue this procedure should be at least 4-10 years or more. Accumulating bitcoins for such a long period of time will allow him to take high profits that are much or several times more than he expected.

And yes, there is no need to rush in accumulating bitcoins. Because if we plan for the long term then we have to realize that we have a lot of time to accumulate it slowly. And only use money that you are only prepared to lose. because bitcoin is still a high-risk asset. So we have to be prepared for the risks we take. And only start accumulation if we are sure of the potential of bitcoin.

Although Bitcoin is a high risk asset, very few people who invest in it for the long term lose because it recovers very quickly even if its price crashes. There is no record of Bitcoin price not recovering after a crash, but Bitcoin price after a crash has gained more than the previous ATH.Those who don't invest in Bitcoin after seeing it dip are really unlucky. Opportunities to make large profits from Bitcoin or other cryptocurrencies are not always available. Avoiding his bitcoins after seeing them dip is a huge folly. Everyone has to accept that the price of Bitcoin in the current market is too expensive for everyone. However, its price will be more expensive in the future, so the current price is very expensive for us, but according to the popularity and demand of Bitcoin, its price is very low. He should now invest according to his ability in Bitcoin DCA method

[UNIVERSE]

DCA method is very effective for low income investors and holders of Bitcoin. He only has to continue to buy Bitcoin at regular intervals of any amount for long time. The duration for them to continue this procedure should be at least 4-10 years or more. Accumulating bitcoins for such a long period of time will allow him to take high profits that are much or several times more than he expected.

Yes, DCA is suitable for people who have low or limited income. People can buy gradually Bitcoin with DCA, it doesn't need too big amount of money. But people are free to do it for a short time or a long term. If people want to get large profits, it should be done few years. But I don't think it is a must 4-10 years. We can do DCA and hold the Bitcoin for 2-3 years. If the price has met the target, there is no problem to sell the Bitcoin although it doesn't hold for a long time.

[Makus]

all it takes to build a solid bitcoin portfolio is just few things.
1. Having a good and sustainable stream or source of income.
2. Having a solid financial backup (emergency fund, reserve/float funds) just incase an emergency occurs in future, which is likely to happen, because without a financial backup, one would be forced to dip into his investment for financial support.
3. Consistency. One needs to be consistent with his accumulation using the DCA strategy, regardless of the current market situation.

Having all these in place for starters, one can accumulate a good chunk of Bitcoin overtime with ease.

Setting up a good Bitcoin portfolio shouldn't be as difficult as most investors put it to be. Most investors come up with the perspective that they rather make investment in altcoin than buy Bitcoins and it'll increase to their desired profit set point someday. But unknown to them that they can actually use that same amount to invest in Bitcoin which is less riskier and more reputable than other altcoins. Though impatience is the basic logic behind trading but assuming those early holders of Bitcoin sold all their Bitcoin in trades, we wouldn't have had more whales today. I see trading as an obstacle that denies many investors the privilege to hold and and become like the early investors. In few years from now, maybe a decade + we would also look backwards and smile for holding on to accumulating Bitcoin.

[JoyMarsha]

DCA method is very effective for low income investors and holders of Bitcoin. He only has to continue to buy Bitcoin at regular intervals of any amount for long time. The duration for them to continue this procedure should be at least 4-10 years or more. Accumulating bitcoins for such a long period of time will allow him to take high profits that are much or several times more than he expected.

The best time for one to accumulate bitcoin and stand a big chance to be at profits is buying bitcoin during the bearish market and selling in the bull run.

Hodling bitcoin for up to 4-10 years or more is a good idea but you should be intelligent about it since the bearish and bull run would occur between those years you are successfully hodling your bitcoin for profits.

[dekafee79]

DCA method is very effective for low income investors and holders of Bitcoin. He only has to continue to buy Bitcoin at regular intervals of any amount for long time. The duration for them to continue this procedure should be at least 4-10 years or more. Accumulating bitcoins for such a long period of time will allow him to take high profits that are much or several times more than he expected.

The best time for one to accumulate bitcoin and stand a big chance to be at profits is buying bitcoin during the bearish market and selling in the bull run.

Hodling bitcoin for up to 4-10 years or more is a good idea but you should be intelligent about it since the bearish and bull run would occur between those years you are successfully hodling your bitcoin for profits.

Saving for 4-10 years must use money that is free and not needed in the near future, we must buy during the bearish season, because bitcoin experiences a 4 year cycle which is divided into 2 bearish years and 2 bullish years. Buy during bearish season and hold until bullish. We can hold up to 2 bullish times, meaning 8 years. This requires truly free capital, because it will be difficult to hold coins for that long.

[dwyane36]

The best time for one to accumulate bitcoin and stand a big chance to be at profits is buying bitcoin during the bearish market and selling in the bull run.

Hodling bitcoin for up to 4-10 years or more is a good idea but you should be intelligent about it since the bearish and bull run would occur between those years you are successfully hodling your bitcoin for profits.

It's easy to speculate like that, looking at the BTC chart. However, I think there are only a few people in the whole crypto industry who have enough patience to hold BTCs for such a long time. I know that there are many addresses where BTCs have been held for many years without any activity. However, these are usually irretrievably lost BTCs, i.e. whose owners have lost access to their private keys.

[Pastaral]

Bitcoin is known to almost all people in every region.  Again we all know how profitable it is on the other hand.  So it is cost effective and cost saving for absolutely everyone.  There are many who invested and held or are currently holding on to Bitcoin for good.  Again, there are many who fear the risks of Bitcoin.

[JunaidAzizi]

Bitcoin is known to almost all people in every region.  Again we all know how profitable it is on the other hand.  So it is cost effective and cost saving for absolutely everyone.  There are many who invested and held or are currently holding on to Bitcoin for good.  Again, there are many who fear the risks of Bitcoin.

Not all people know about Bitcoin. I think out of 100, maybe 40% really understand its value. Those who are somehow related to cryptocurrency or online work are the ones who know about it. In my region, only students or businessmen are likely to know about it, and they are very few. Whenever I talk to older people or younger ones who still don't know about Bitcoin, they laugh at me and question how a single invisible coin can have such a high price.

That's why I always recommend teaching those around you who are unaware or skeptical about Bitcoin. This will be helpful in the adoption and acceptance of Bitcoin as a currency worldwide.

[Jamal Aezaz]

Bitcoin is known to almost all people in every region.  Again we all know how profitable it is on the other hand.  So it is cost effective and cost saving for absolutely everyone.  There are many who invested and held or are currently holding on to Bitcoin for good.  Again, there are many who fear the risks of Bitcoin.

With the passage of time more people are getting familiar with Bitcoin investment and they are not only familiar but are also accepting Bitcoin for the purpose of investment. The main benefit with Bitcoin investment is that every Individual can invest according to his salary so there are no boundaries for making investments and you can invest any amount from anywhere throughout the world.

The price of Bitcoin has been reduced which can be considered as a good idea to buy at current lower worth and wait for the future where price will fluctuate to show the pump. Only those will be in fear who have no idea how Bitcoin changes in price and how to get profit by keeping the price in mind as well as by remembering the concept of bear and bull season.

[doc]

Bitcoin is known to almost all people in every region.  Again we all know how profitable it is on the other hand.  So it is cost effective and cost saving for absolutely everyone.  There are many who invested and held or are currently holding on to Bitcoin for good.  Again, there are many who fear the risks of Bitcoin.

There is no need to be afraid of bitcoin risks, as long as we buy during the bearish season and can calculate this is the bottom price of bitcoin during the bearish season, we will make a profit during the bullish season. that's what we've been doing all this time. Buy bitcoin and hold, it will make us profit.