Is Bitcoin Too Expensive For Me?

[NikeFit_7777]

Billionaire Peter Thiel is not sure about the large-scale growth of BTC - the co-founder of Paypal does not know when a new "batch of hamster buyers" will come to the market, as now all attention is focused on Bitcoin ETF. It's worth noting that Thiel's fund invested in Bitcoin back in 2014, and recorded a $1.8 billion profit in 2022 before the rate plummeted.

As it turns out, his vision for the first cryptocurrency didn't match reality. He originally saw BTC as anarchic, out-of-control money for governments, but "people at the FBI say it would be better if criminals used Bitcoin instead of $100 bills, so the technology isn't working the way it should."

P.S. Do you support this person's thoughts? On the one hand billionaire, and on the other hand for some reason for so many years continues to trust bitcoin and its potential. 

News link: https://cointelegraph.com/news/bitcoin-future-price-wont-dramatically-increase-says-peter-thiel

[yohananaomi]

Honestly, I wouldn't be surprised if $70-100k per BTC also seemed like an unattainably cheap price by 2030.

Not only you but most of us who are optimistic about Bitcoin won't be surprised to see something like that happening. Who knows by 2030 $150k would be a cheap value to acquire Bitcoin or even $250k would be a cheap price for Bitcoin at that time.

If you look at the 4-year cycle, the increase should occur in 2029, and how much the increase will occur? Of course, we will see the achievement at the end of this year to be able to form a renewable ATH in 2025. If only it can reach $100K+ it is a big possibility, what do you say? It could actually happen and at that time the price might already be the cheapest or there might be a surprise that the price will drop again.
Anything can happen, and we hope that the best can be achieved because it will also contribute to the altcoin's potential to increase.

[SamReomo]

If only it can reach $100K+ it is a big possibility, what do you say?

Yes, it's quite possible to see Bitcoin at $100k or $100k + in 2025 because if that 4 years cycle takes place once again then we may see the peak of Bitcoin in October-December of 2025. I'm pretty sure that history will repeat itself once again this time.

[dwyane36]

If only it can reach $100K+ it is a big possibility, what do you say?

Yes, it's quite possible to see Bitcoin at $100k or $100k + in 2025 because if that 4 years cycle takes place once again then we may see the peak of Bitcoin in October-December of 2025. I'm pretty sure that history will repeat itself once again this time.

Those who are in the crypto community have long noticed that the market is cyclical, and that's why many people were waiting so much for the BTC halving that happened in April this year. There will definitely be a rise to $100k, but I think it may happen much earlier than October-December next year. But I wouldn't make predictions for any specific months yet.

[silkytakyaan86]

For you, it depends on your budget. But if I talk about myself, then for me, buying bitcoin is like lifting an elephant's foot.

[doc]

If only it can reach $100K+ it is a big possibility, what do you say?

Yes, it's quite possible to see Bitcoin at $100k or $100k + in 2025 because if that 4 years cycle takes place once again then we may see the peak of Bitcoin in October-December of 2025. I'm pretty sure that history will repeat itself once again this time.

Those who are in the crypto community have long noticed that the market is cyclical, and that's why many people were waiting so much for the BTC halving that happened in April this year. There will definitely be a rise to $100k, but I think it may happen much earlier than October-December next year. But I wouldn't make predictions for any specific months yet.

Bitcoin is predicted to reach a price of $100K at the end of this year or the beginning of the year, many have said that. After the bitcoin halving in April this year people hoped that the price of bitcoin would soon rise, but it turned out that the bitcoin ETF that made bitcoin rise reached a new ATH, not the bitcoin halving because after the bitcoin halving the price of bitcoin decreased and several times

[SamReomo]

After the bitcoin halving in April this year people hoped that the price of bitcoin would soon rise, but it turned out that the bitcoin ETF that made bitcoin rise reached a new ATH, not the bitcoin halving because after the bitcoin halving the price of bitcoin decreased and several times

Yes, after the ETH approval Bitcoin gained some good value but I would say that somehow the thought of halving also increased Bitcoin because that created some kind of FOMO effect. I remember the times when halving was close, people were thinking that after the halving Bitcoin will jump once again to high levels but that didn't happened the way it was thought to happen.

[Roseline492]

For you, it depends on your budget. But if I talk about myself, then for me, buying bitcoin is like lifting an elephant's foot.

Well is totally depends on individual mindset about Bitcoin investment because I see no difficult thing in buying Bitcoin, however one thing you must understand is that when they talk about buying Bitcoin it doesn't necessarily mean that there intentions is for you to buy one unite of Bitcoin at a time but on the contrary Bitcoin is not like any other investment that requires a huge capital before investing on it, so actually with any amount you have you can use it and start investing on Bitcoin.

Though I know that numerous of people who wants to invest on Bitcoin is actually afraid do to the fact that the price has gone really far but however I want to let you know that using DCA strategy will actually help you a lot in terms of Bitcoin investment because it will allow you to accumulate as little as you can afford and with consistency you will be surprised to see the amount of Bitcoin you must have accumulated in the future.

[MAK]

Greetings to everyone.

As the crypto market continues to grow, we often observe its impact on all the tokens currently in operation. Due to the promotion and trend of these digital currencies, non-enthusiasts have begun to show interest, making purchases to profit for themselves or for other reasons that matter to them.

As a non-crypto enthusiast hearing about Bitcoin and others for the first time, I chose to get involved by making a few purchases, knowing fully well that the price of Bitcoin is high and my funds won't go a long way in terms of price difference.

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?.

Basically Altcoin is more risky then blue chip coins and as we know bitcoin is the top crypto currency. i think you have to deversify the amount you have to invest 50% on bitcoin and rest of 50% amount should be invest on other altcoins

[armanda90]

Yes, after the ETH approval Bitcoin gained some good value but I would say that somehow the thought of halving also increased Bitcoin because that created some kind of FOMO effect. I remember the times when halving was close, people were thinking that after the halving Bitcoin will jump once again to high levels but that didn't happened the way it was thought to happen.

Since bitcoin and Ethereum have ETF approval make market growing up and most excited keep investing in cryptocurrency, but comparison with bitcoin have been expensive or not I am not sure for every one get doubt investing based on their mind bitcoin have on the higher price.
I believe with current bitcoin price is not too expensive regarding near future will see more expensive price again but if doubt for investing today will get disappointed later or tomorrow.
Many top altcoin are waiting for ETF approval and will bring positive impact for the market raise most higher price in the future, buy now or never.

[Jamal Aezaz]

Basically Altcoin is more risky then blue chip coins and as we know bitcoin is the top crypto currency. i think you have to deversify the amount you have to invest 50% on bitcoin and rest of 50% amount should be invest on other altcoins

Altcoins are risky but not all of them as people are still earning a good amount with altcoins investment therefore don't ignore the value of altcoins and diversify your investment in some altcoins as well as bitcoin. As you have mentioned the percentage for investment so this is a significant idea because we should not put the entire amount in just one coin and should invest disparately in different coins so our loss will be lessen and winning percentage will be higher but looking at the price fluctuations is necessary.

Altcoins are good candidates in the crypto world but people don't know about the beneficial and risky investment so they often lose in altcoins investment but if they focus on differentiating the features of altcoins then they will be winners at the end because investigation helps in avoiding scam and useless projects.

[KingsDen]

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?.

One major advantage that bitcoin has over other investment options is its divisibility. For the fact that you can buy Bitcoin in bits and still make profit when the market rises is a good one. If you take Real Estate for instance, you need an appreciable amount of money to invest in real estate and become profitable in the future. This cannot be said about Bitcoin. Bitcoin will only be expensive if you are only allowed to buy up to 1 bitcoin or above at a time.

This your question about buying cheap altcoins instead of bitcoin happened to me. I was decieved to buy altcoins that BTC was too high. It was actually below 8k, but today those altcoins are disappeared and bitcoin has soard so high.

[alltalk]

Yes, it's quite possible to see Bitcoin at $100k or $100k + in 2025 because if that 4 years cycle takes place once again then we may see the peak of Bitcoin in October-December of 2025. I'm pretty sure that history will repeat itself once again this time.

We are still in bullish season in 2025, it is very reasonable if there are people who predicted the Bitcoin to reach at $100k or $100k +. If we consider the pattern of the previous cycles, the peak of Bitcoin should be in the second year of bullish season. The first year is in 2024, the second year will be in 2025. However, it is hard to know in what months that we can see the peak of Bitcoin price. I personally assume it won't be in Q4, I think it is probably in Q2-Q3 of 2025.

[yohananaomi]

For you, it depends on your budget. But if I talk about myself, then for me, buying bitcoin is like lifting an elephant's foot.

Because currently the price of bitcoin has increased very highly, it is not impossible that it will be equally difficult for anyone to be able to buy bitcoin in units, unless they are big investors who have had a lot of experience of investing in bitcoin. I am the same as you and can only buy in installments, even if the funds are available, because I am more focused on potential altcoins, which I think will have the same results if there is an increase.

[SamReomo]

I personally assume it won't be in Q4, I think it is probably in Q2-Q3 of 2025.

I won't doubt your assumption but if we check the history of Bitcoin or that of 4 year cycle then it becomes clear that Q4 of 2nd bullish year is most probably the best time to see Bitcoin at its peak but this time things happened strangely and that's why we aren't fully sure which quarter will be the peak of the market. I also hope that we may see peak in Q2-Q3 of 2025 but I believe if that doesn't happen in Q2-Q3 then it could most probably happen in Q4 of 2025.