Is Bitcoin Too Expensive For Me?

[NikeFit_7777]

Bitcoin critic and head of Euro Pacific Capital Peter Schiff said that there is no institutional demand for bitcoin and believes that the recent drop in its quotes confirms this theory.

If there was demand, buyers have already grabbed the opportunity to buy Mt.Gox bitcoins on the OTC market.

Technanalysts assessed the correction that occurred as the largest since 2022 and said that it will soon become clear which scenario bitcoin will behave according to - 2013 and 2016 (where the market found support) or according to the 2019 model.

[NikeFit_7777]

BTC.D - looks like a Rug-Pull is about to happen.

You have to understand, now there is a precedent in the market, which has never happened in the history of Alts Market. This indicator is signaling this, and you can also see for yourself that the altcoins have rolled with great force and are at floor level.

You can juggle a lot of factors here, from endless VC token unlocks, to an inactive summer where most of the major market participants are simply operating at half strength, if at all, not the point.

I have an assumption, which has sort of been expressed before. That if there is such an extreme in the market for such a reset, so why can't it happen the other way around? Yes, not on all tokens, but on 30 to 50 projects it may well happen.

I interpret this from the logic that:

-BTC will need to be redirected into altcoins somehow anyway for a more liquid exit in USD(t,c).
-Joke, no joke, and this could be the last big story when "alts season" is played out as rampantly, and then regulation and some timing.
- ETF's and correlation with the SPX500 which is "new ATH" every day.

Somehow, I would also give one more piece of sound advice on project selection and where to look:

A) The majority (80%) of supply token is already in the market.
B) The token is in use and getting along with trends. 
C) The graph to BTC stands still and has not corrected much since March.

If you need examples, take a look at SOL / BTC and LDO / BTC.

[yohananaomi]

Bitcoin holders who buy bitcoin when it is bearish certainly prefer to see the current price, I don't think they experience panic when the market experiences a correction because they buy at a low price. Bitcoin will always be a priority coin for investment, this has been going on for a long time and people always think bitcoin is the safest coin to hold.

Some Bitcoin holders who bought in bearish season, they may already take profits when they price was above $70k. But most of them must continue to hold because we have the same target, most people want to take profits in $100k. People who already invested in crypto for few years, shouldn't feel panic because it is already happening many times. The correction is normal, it will increase again in the future. We are very sure that the peak of crypto prices will be in the next year (2025).

Such a correction may not be a correction, but a strong downward movement of the Bitcoin scene. I agree with those who claim that the price will reach 100k, but it seems to me that this is necessary for weak market participants to come out on a strong correction, which will reach 40k. And then for these market participants to buy again when the price is above 70k. This will create a panic buy, which will lead to growth to 100k.

Usually after a very large correction, a big push will occur so that it will make the Bitcoin movement can be maximized. It seems that if you want to achieve $ 100K, then there is also a correction so that there is encouragement to be able to reach that price.
Once again, theoretically it is as above, but sometimes other influences may also be able to make movements that might make bitcoin cause to increase, but that is even greater than the correction that will have a very positive impact.
Will the purchase panic, your think, will be able to cause growth up to a price of up to $ 100K? Obviously, all influences will make it happen. No one is able to ensure which is more appropriate.

[Dr.Bitcoin_Strange]

Bitcoin is expensive but this is the future of the world and this time in this market so many peoples will invest and they hold th coins becasue they know that soon it will go high and the BTC will touches minimum $200,000 soon and buying this time is the BTC and just hold that for good future.

Bitcoin is one of the best investment right now in the world and the best crypto investment and should be taken seriously, Bitcoin should not be seen as expensive because one can start accumulating Bitcoin little by little, let say Bitcoin is worth $56k for 1 Bitcoin but one can still buy any amount of Bitcoin one chooses to buy for example one can decide to buy $1 worth of Bitcoin, this is how a lot of people started by Accumulating little by little every week or every month and from there they grew and today some people has 3 to 4 Bitcoin, Bitcoin investment can be started by anyone with the little account you have and that is why Bitcoin investment is seen as one of the best investment in the world right now.

Now in starting the accumulation journey one needs to have a source of income, so when you receive your salary you use some part of the money to invest.
Bitcoin will hit $100k soon but one can still purchase as little as you have using the DCA strategy, you don't have to have a lot of millions before you can start accumulating Bitcoin.
The way Bitcoin is structured it will keep growing bigger and better and please don't let anyone deceive you that you can't start Bitcoin investment Because of the price because you can buy any amount of Bitcoin you want.

[NikeFit_7777]

BlockTower Capital founder Ari Paul believes that the idea of the US government creating a bitcoin reserve may seem bullish in terms of price, but is unlikely to materialize in the near future.

He would bet “ten to one” against the realization of this initiative within the next four years.

However, others in the crypto community believe in the US bitcoin reserve. Satoshi Act Fund CEO and co-founder Dennis Porter noted the “inevitability” of its emergence, while Satoshi Action Education President Michael Goldstein believes everyone should have their own stockpile of the first cryptocurrency.

Confirmation or denial of these rumors will appear during the Bitcoin 2024 conference, which will be held from July 25 to 27.

[kai]

For the current price of Bitcoin is indeed very expensive, even for 1 Bitcoin in my place can get 1 house, 1 car, 1 motorbike and some empty land.
For me it is too late to know Bitcoin because now I have also seen the price of Bitcoin is unlikely to fall back to the price of 10,000 USD, it feels very sad but the fact is that Bitcoin continues to get more expensive.

[dwyane36]

For the current price of Bitcoin is indeed very expensive, even for 1 Bitcoin in my place can get 1 house, 1 car, 1 motorbike and some empty land.
For me it is too late to know Bitcoin because now I have also seen the price of Bitcoin is unlikely to fall back to the price of 10,000 USD, it feels very sad but the fact is that Bitcoin continues to get more expensive.

If you're interested, it's never too late to start learning more about Bitcoin and diving into the crypto industry. At the end of 2017, everyone was also saying Bitcoin for 19k was too expensive, but now that price seems too cheap. Just keep in mind that it will take a few years for the current BTC price to seem too cheap as well.

[UNIVERSE]

Usually after a very large correction, a big push will occur so that it will make the Bitcoin movement can be maximized. It seems that if you want to achieve $ 100K, then there is also a correction so that there is encouragement to be able to reach that price.

You're right. We are probably to have a big pump after a big dump. This already happened many times, we experience good jump whenever we already experienced a huge correction. I think it will happen again, this is something happening many times in crypto market. I don't really expect to reach $100k soon, but it should be a new ATH (more than $73k).

Once again, theoretically it is as above, but sometimes other influences may also be able to make movements that might make bitcoin cause to increase, but that is even greater than the correction that will have a very positive impact.

It is not a theory, it is the fact. When Bitcoin wants to achieve a higher rate, there should be big correction. I don't really understand why this must happen, I think the market needs to adjust anything. At least, we don't feel panic because this drop even to push a higher rate for Bitcoin price.

[debra]

If you're interested, it's never too late to start learning more about Bitcoin and diving into the crypto industry. At the end of 2017, everyone was also saying Bitcoin for 19k was too expensive, but now that price seems too cheap. Just keep in mind that it will take a few years for the current BTC price to seem too cheap as well.

Of course, it is no problem to start learning Bitcoin now. I think we can start learning and investing in Bitcoin at any time. But it is true if we know it sooner, we can get more advantage. With the current price, I think it is still good to invest in Bitcoin. Bitcoin is predicted to reach $100k, the current price is still very cheap if we compare with $100k. Just don't wait for the Bitcoin to reach $100k, we should invest when the price is still far from $100k.

[kai]

For the current price of Bitcoin is indeed very expensive, even for 1 Bitcoin in my place can get 1 house, 1 car, 1 motorbike and some empty land.
For me it is too late to know Bitcoin because now I have also seen the price of Bitcoin is unlikely to fall back to the price of 10,000 USD, it feels very sad but the fact is that Bitcoin continues to get more expensive.

If you're interested, it's never too late to start learning more about Bitcoin and diving into the crypto industry.

Yep, that's why I'm on the altcoinstalks forum to learn about Bitcoin as a whole, especially in the cryptocurrency circle.
And it also took me several years to figure out how Bitcoin works, transactions, wallets, private keys, addresses, mining or other things related to Bitcoin.

At the end of 2017, everyone was also saying Bitcoin for 19k was too expensive, but now that price seems too cheap. Just keep in mind that it will take a few years for the current BTC price to seem too cheap as well.

2017 was indeed very long ago and maybe I had never heard anything further about Bitcoin at that time, maybe just rumors from various circles of society. But I'm honest, Bitcoin is currently very expensive and even when I retire from work, I may not be able to get severance pay up to the current price of 1 Bitcoin.

[milewilda]

If you're interested, it's never too late to start learning more about Bitcoin and diving into the crypto industry. At the end of 2017, everyone was also saying Bitcoin for 19k was too expensive, but now that price seems too cheap. Just keep in mind that it will take a few years for the current BTC price to seem too cheap as well.

Of course, it is no problem to start learning Bitcoin now. I think we can start learning and investing in Bitcoin at any time. But it is true if we know it sooner, we can get more advantage. With the current price, I think it is still good to invest in Bitcoin. Bitcoin is predicted to reach $100k, the current price is still very cheap if we compare with $100k. Just don't wait for the Bitcoin to reach $100k, we should invest when the price is still far from $100k.

When it comes to investing to Bitcoin then there's no such thing about being late or being early but we do know that when it comes to advantage then its always ideal that we should really invest or learn on it as early as possible We arent really that still contented on the time that we cant be able to buy or purchase a whole coin. We do know that we can buy on fractions and
doesnt really need up to buy a whole coin. The wrong thing about other people is that they are really that wanting to accumulate or get a whole coin on which its not really that a bad target
but people should really be that somehow not to be investing on what they cant afford to lose. Risks management would really be still needed.

[koang]

When it comes to investing to Bitcoin then there's no such thing about being late or being early but we do know that when it comes to advantage then its always ideal that we should really invest or learn on it as early as possible We arent really that still contented on the time that we cant be able to buy or purchase a whole coin. We do know that we can buy on fractions and
doesnt really need up to buy a whole coin. The wrong thing about other people is that they are really that wanting to accumulate or get a whole coin on which its not really that a bad target
but people should really be that somehow not to be investing on what they cant afford to lose. Risks management would really be still needed.

The real opportunity? Right now. Don't wait for the crowd to catch on, get in early
But when it comes to investing, people never think it's the right time to buy. People are triggered by others, not investments
They are just investing in a different vision of where the world is going and that is a market...
Some people have the capacity to see other perspectives as being valid, others see theirs as being the only way and we all have expectations of how things should be happening, when these aren't met, people react/take a position

[Hamza2424]

Hmm, buddies those who are still waiting that's the opportunity time, grab it, currently the market is still offering a big discount as you know from the recent dump, if you've made any position on the dump, it is not expensive at all, but I'm sure Bitcoin will be so expensive for those who are still waiting. I've seen a couple fo posts above regarding the price prediction, and there was a post of 1M BTc valuation with an SS, TBH I've covered a topic a long time ago on BTT for the 1M valuation of Bitcoin in a short time.

[SmartGold01]

Hmm, buddies those who are still waiting that's the opportunity time, grab it, currently the market is still offering a big discount as you know from the recent dump, if you've made any position on the dump, it is not expensive at all, but I'm sure Bitcoin will be so expensive for those who are still waiting. I've seen a couple fo posts above regarding the price prediction, and there was a post of 1M BTc valuation with an SS, TBH I've covered a topic a long time ago on BTT for the 1M valuation of Bitcoin in a short time.

Yes that is true.. whenever the chance is there they should buy without waiting for any significant drop although DCA could also go along way but waiting for a specific drop would be met. Any chance that comes when bitcoin dropped you need to buy without waiting for further with this they could be able to accumulate more.

[doc]

Hmm, buddies those who are still waiting that's the opportunity time, grab it, currently the market is still offering a big discount as you know from the recent dump, if you've made any position on the dump, it is not expensive at all, but I'm sure Bitcoin will be so expensive for those who are still waiting. I've seen a couple fo posts above regarding the price prediction, and there was a post of 1M BTc valuation with an SS, TBH I've covered a topic a long time ago on BTT for the 1M valuation of Bitcoin in a short time.

Yes that is true.. whenever the chance is there they should buy without waiting for any significant drop although DCA could also go along way but waiting for a specific drop would be met. Any chance that comes when bitcoin dropped you need to buy without waiting for further with this they could be able to accumulate more.

If I buy when the market is experiencing a decline, I do DCA to buy from last year until the ATH, but after Bitcoin's ATH reaches $73K I only make purchases without DCA, just buy and sell according to market conditions. Especially now that the market is declining, it's time buy as much furniture as possible.