Is Bitcoin Too Expensive For Me?

[UNIVERSE]

Transaction fees will always increase if the price of bitcoin and traffic increases, that's normal. So if we want to make a transaction, we should consider carefully choosing a cheaper network. I prefer to use the BSC and Solana networks for my transactions. It seems that the gas fee will increase if the price of bitcoin touches more than $ 70K or maybe bitcoin will reach a new ATH soon.

You're right. The fees is likely to continue increasing if the price of Bitcoin is raising. It is because there will be more people to transfer their Bitcoin into the network. This leads to the increase of the traffic. I agree with you, it is better to transfer Bitcoin when the price is declining. In this time, people stop send their Bitcoin and prefer to hold until the next pump. Mostly, the fees is cheap enough in correction time.

[satpol_PP]

You're right. The fees is likely to continue increasing if the price of Bitcoin is raising. It is because there will be more people to transfer their Bitcoin into the network. This leads to the increase of the traffic. I agree with you, it is better to transfer Bitcoin when the price is declining. In this time, people stop send their Bitcoin and prefer to hold until the next pump. Mostly, the fees is cheap enough in correction time.

Yes, that's what I've observed so far, when the price of bitcoin goes up, the gas fee also goes up. I also do what you suggest to transfer bitcoin when the price of bitcoin goes down, it reduces the gas fee. but sometimes I still make transactions when the gas fee is high because I have to trade. so I will calculate the transaction fee according to my needs and plans.

[UNIVERSE]

Yes, that's what I've observed so far, when the price of bitcoin goes up, the gas fee also goes up. I also do what you suggest to transfer bitcoin when the price of bitcoin goes down, it reduces the gas fee. but sometimes I still make transactions when the gas fee is high because I have to trade. so I will calculate the transaction fee according to my needs and plans.

Currently, Bitcoin is increasing a bit, but the transfer fees is increasing significantly. I think we should transfer our Bitcoin to exchange as soon as possible when the transfer fees is cheap enough. Today, the lowest Bitcoin transfer fees was around 4 sat/vB but now it is 32 sat/vB. It is lucky for people who transferred their Bitcoin when the fees below 5 sat/vB. You need to keep some of your coin in CEX, so it will make you easily trade it any time.

[milewilda]

Yes, that's what I've observed so far, when the price of bitcoin goes up, the gas fee also goes up. I also do what you suggest to transfer bitcoin when the price of bitcoin goes down, it reduces the gas fee. but sometimes I still make transactions when the gas fee is high because I have to trade. so I will calculate the transaction fee according to my needs and plans.

Currently, Bitcoin is increasing a bit, but the transfer fees is increasing significantly. I think we should transfer our Bitcoin to exchange as soon as possible when the transfer fees is cheap enough. Today, the lowest Bitcoin transfer fees was around 4 sat/vB but now it is 32 sat/vB. It is lucky for people who transferred their Bitcoin when the fees below 5 sat/vB. You need to keep some of your coin in CEX, so it will make you easily trade it any time.

That was 3 hours ago but it wont really be that much of an issue if we do really speak about storing our coins on CEX. I would really be rather be preferring on storing or paking out my coins on my own non custodial wallet because i dont have any plans on storing up my coins on a centralized platform on which we know that this is something that it is really that risky.
Buying up Bitcoin isnt something that would really be needing up to be done in bulk, you could buy in fractions and its not really something that you do buy a whole coin.
Buy only on something that you can afford to lose.

[dekafee79]

That was 3 hours ago but it wont really be that much of an issue if we do really speak about storing our coins on CEX. I would really be rather be preferring on storing or paking out my coins on my own non custodial wallet because i dont have any plans on storing up my coins on a centralized platform on which we know that this is something that it is really that risky.
Buying up Bitcoin isnt something that would really be needing up to be done in bulk, you could buy in fractions and its not really something that you do buy a whole coin.
Buy only on something that you can afford to lose.

My largest crypto assets I keep in a personal wallet and I don't put them in an exchange wallet. because for trading I only use part of my capital, not most of it but only the capital that I am ready to lose because in trading we will experience profit and loss and we have to think about the risk.
But in my opinion, exchange wallets are also safe for storing coins as long as the exchange's reputation is good. like binance.

[Rubel007]

Yes, that's what I've observed so far, when the price of bitcoin goes up, the gas fee also goes up. I also do what you suggest to transfer bitcoin when the price of bitcoin goes down, it reduces the gas fee. but sometimes I still make transactions when the gas fee is high because I have to trade. so I will calculate the transaction fee according to my needs and plans.

Currently, Bitcoin is increasing a bit, but the transfer fees is increasing significantly. I think we should transfer our Bitcoin to exchange as soon as possible when the transfer fees is cheap enough. Today, the lowest Bitcoin transfer fees was around 4 sat/vB but now it is 32 sat/vB. It is lucky for people who transferred their Bitcoin when the fees below 5 sat/vB. You need to keep some of your coin in CEX, so it will make you easily trade it any time.

Two things can be done regarding this concern. One is to make Bitcoin transactions after the transaction fee is reduced and the other is to make the transaction after reducing sats. In that case, it may take more time. If there is no urgency then the transaction can be done in this way. In the past we see that as the Bitcoin price increases, the transaction fees increase very quickly. At that time it was difficult for small traders to make Bitcoin transactions. So it is definitely a good idea to keep money in the exchanger for emergencies.

[lombok]

Yes, that's what I've observed so far, when the price of bitcoin goes up, the gas fee also goes up. I also do what you suggest to transfer bitcoin when the price of bitcoin goes down, it reduces the gas fee. but sometimes I still make transactions when the gas fee is high because I have to trade. so I will calculate the transaction fee according to my needs and plans.

Currently, Bitcoin is increasing a bit, but the transfer fees is increasing significantly. I think we should transfer our Bitcoin to exchange as soon as possible when the transfer fees is cheap enough. Today, the lowest Bitcoin transfer fees was around 4 sat/vB but now it is 32 sat/vB. It is lucky for people who transferred their Bitcoin when the fees below 5 sat/vB. You need to keep some of your coin in CEX, so it will make you easily trade it any time.

Two things can be done regarding this concern. One is to make Bitcoin transactions after the transaction fee is reduced and the other is to make the transaction after reducing sats. In that case, it may take more time. If there is no urgency then the transaction can be done in this way. In the past we see that as the Bitcoin price increases, the transaction fees increase very quickly. At that time it was difficult for small traders to make Bitcoin transactions. So it is definitely a good idea to keep money in the exchanger for emergencies.

It is very important to analyze and maintain the costs of the Bitcoin transactions mainly in cases when the market is rather active and the workloads are rather high. A good approach used is that of selecting those transaction durations that come with lower network fees, although they would considerably raise confirmation durations. On-exchange reserves, for the same reason, allow us to remain active in emergency situations without losing assets in costly operations. During the time when the prices of bitcoins rise high and costs of transaction is a concern this is a feasible approach for small traders since it allows them to gain liquidity without the rush of high fees.

[rizqillah]

Yes, that's what I've observed so far, when the price of bitcoin goes up, the gas fee also goes up. I also do what you suggest to transfer bitcoin when the price of bitcoin goes down, it reduces the gas fee. but sometimes I still make transactions when the gas fee is high because I have to trade. so I will calculate the transaction fee according to my needs and plans.

Currently, Bitcoin is increasing a bit, but the transfer fees is increasing significantly. I think we should transfer our Bitcoin to exchange as soon as possible when the transfer fees is cheap enough. Today, the lowest Bitcoin transfer fees was around 4 sat/vB but now it is 32 sat/vB. It is lucky for people who transferred their Bitcoin when the fees below 5 sat/vB. You need to keep some of your coin in CEX, so it will make you easily trade it any time.

Two things can be done regarding this concern. One is to make Bitcoin transactions after the transaction fee is reduced and the other is to make the transaction after reducing sats. In that case, it may take more time. If there is no urgency then the transaction can be done in this way. In the past we see that as the Bitcoin price increases, the transaction fees increase very quickly. At that time it was difficult for small traders to make Bitcoin transactions. So it is definitely a good idea to keep money in the exchanger for emergencies.

When the price of bitcoin goes up and the crypto market starts to get busy, of course the gas fee will go up. And this always happens.
I rarely make transactions when traffic is high because at that time I definitely choose a network with a cheaper gas fee for transactions.
I agree with you, saving money in an exchanger is a good idea where who knows we need the money.

[UNIVERSE]

Yes, that's what I've observed so far, when the price of bitcoin goes up, the gas fee also goes up. I also do what you suggest to transfer bitcoin when the price of bitcoin goes down, it reduces the gas fee. but sometimes I still make transactions when the gas fee is high because I have to trade. so I will calculate the transaction fee according to my needs and plans.

This will always happen. The higher transfer activities, the higher price of transfer fees. If we want to get lower fees, just do it when the price is decreasing. It is when the most people will hold their coins, they won't transfer it to CEXs to sell the coins. It includes Bitcoin, people also prefer to hold their Bitcoin. But when it reaches a new higher price, people must try to sell them because they want to secure their profits soon.

[yohananaomi]

[
The character of bitcoin is to always do what you say, and it will return to what it has done either when it goes down or when it goes up. So many are very interested in being able to invest in it. The problem is the price is too expensive, but it can be tricked with DCA so that one day you can get the value we want.
Regarding trust, bitcoin is clearly more than altcoin, but once again, it doesn't mean that there are no good altcoins and are able to follow the movement of bitcoin. Of course there are, and you just have to analyze it them

Yes, even though the price of bitcoin is expensive, we can buy it gradually with the DCA method, many people do this. I also buy bitcoin with the DCA method, although sometimes I also buy altcoins that I think are good.
Bitcoin is still the most potential coin and I prefer bitcoin to altcoin because I want to invest in safe coins

You are right, that holding bitcoin has a sense of security that we can accept because the losses that can be generated are small as long as you are patient with time. Bitcoin is indeed very expensive and will always be preferred as an investment and only with DCA will we be able to get the opportunity to be able to hold bitcoin. But that doesn't mean altcoins are not good. There are always potential altcoins and always provide contributions to their holders, and you can search on CMC.

[bayu7adi]

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.

However, buying Bitcoin does not require buying it in full like 1 BTC, 2 BTC and so on... BTC is not like stocks, we can buy BTC in incomplete amounts, such as 0.1 BTC or even 0.001 BTC.... for smaller fractions it is usually called satoshi

100 million satoshi = 1 BTC... this is to make it easier for us if we want to buy BTC in small amounts and ignore the many zeros in front. The point is, no matter how expensive BTC is, you can still buy it in small amounts.

[malah]

[
The character of bitcoin is to always do what you say, and it will return to what it has done either when it goes down or when it goes up. So many are very interested in being able to invest in it. The problem is the price is too expensive, but it can be tricked with DCA so that one day you can get the value we want.
Regarding trust, bitcoin is clearly more than altcoin, but once again, it doesn't mean that there are no good altcoins and are able to follow the movement of bitcoin. Of course there are, and you just have to analyze it them

Yes, even though the price of bitcoin is expensive, we can buy it gradually with the DCA method, many people do this. I also buy bitcoin with the DCA method, although sometimes I also buy altcoins that I think are good.
Bitcoin is still the most potential coin and I prefer bitcoin to altcoin because I want to invest in safe coins

You are right, that holding bitcoin has a sense of security that we can accept because the losses that can be generated are small as long as you are patient with time. Bitcoin is indeed very expensive and will always be preferred as an investment and only with DCA will we be able to get the opportunity to be able to hold bitcoin. But that doesn't mean altcoins are not good. There are always potential altcoins and always provide contributions to their holders, and you can search on CMC.

Indeed, holding Bitcoin is relatively safe if only we are patient, as the value of this currency remains high in the long run despite considerable changing in the short term. However, its price is high but with strategies such as dollar cost averaging, we can invest little amount at one time. But in principle, altcoins also have their plus and can help the owner to earn money, and if we take the best projects on the CMC site, then they will make a profit.

[yohananaomi]

Indeed, holding Bitcoin is relatively safe if only we are patient, as the value of this currency remains high in the long run despite considerable changing in the short term. However, its price is high but with strategies such as dollar cost averaging, we can invest little amount at one time. But in principle, altcoins also have their plus and can help the owner to earn money, and if we take the best projects on the CMC site, then they will make a profit.

Until now, what is able to provide a sense of security is, of course, bitcoin. It just requires a lot of money and requires great patience, because bitcoin is a long-term investment. At least after the halving period there will be a surprise and the period is 4 years, although for the short term, sometimes it can be done with good analysis so as not to be wrong in determining the selling price.
Actually, when it comes to profits, altcoins are no less profitable than investing in bitcoin, but altcoins always have a greater risk than bitcoin and the price can drop drastically or even disappear from the exchange, besides the potential coin that we invest in.

[ghostbuster]

ndeed, holding Bitcoin is relatively safe if only we are patient, as the value of this currency remains high in the long run despite considerable changing in the short term. However, its price is high but with strategies such as dollar cost averaging, we can invest little amount at one time. But in principle, altcoins also have their plus and can help the owner to earn money, and if we take the best projects on the CMC site, then they will make a profit.

agreed, long-term bitcoin investment is always profitable because the price of bitcoin is getting more and more expensive, we can use the DCA method to collect bitcoins gradually.
and this is the most effective method.

[enwi]

Indeed, holding Bitcoin is relatively safe if only we are patient, as the value of this currency remains high in the long run despite considerable changing in the short term. However, its price is high but with strategies such as dollar cost averaging, we can invest little amount at one time. But in principle, altcoins also have their plus and can help the owner to earn money, and if we take the best projects on the CMC site, then they will make a profit.

Until now, what is able to provide a sense of security is, of course, bitcoin. It just requires a lot of money and requires great patience, because bitcoin is a long-term investment. At least after the halving period there will be a surprise and the period is 4 years, although for the short term, sometimes it can be done with good analysis so as not to be wrong in determining the selling price.
Actually, when it comes to profits, altcoins are no less profitable than investing in bitcoin, but altcoins always have a greater risk than bitcoin and the price can drop drastically or even disappear from the exchange, besides the potential coin that we invest in.

Well, Bitcoin remains one of the most secure investments, with great potential in the long run based on the experience of its existence. However, it entails a significant sum of money and time, but such a strategy yields an interesting experience, especially after a halving time that can signal a rise in the asset’s price.

However, altcoins can also generate good profits, but they are relatively riskier than Bitcoin. To maximize this opportunity we have to be even more attentive when picking altcoins and watching their every move so that we do not lose the potential that has been invested.