Is Bitcoin Too Expensive For Me?

[yohananaomi]

Not everyone has the privilege to buy lump sum, it takes time to build the savings via compounding which I mean decades or generations while Bitcoin is literally new means it can grow a lot in the upcoming future so even if you buy a small amount let's say 100 dollars in the next 5 or 10 years it may turn into 100x so if you understand the potential then just invest with whatever amount you have on regular intervals and start accumulating.

I agree with you, if we look at the current price, we certainly can't afford to buy BTC in full, but as you said, if we can buy it in installments, why not keep buying if we have the money, because we don't know in the future, $100 could become $1000 if we stick to the principle of seeking 100% profit

Not many will be able to directly buy bitcoin in units. Only a few people can do that because the price is really fantastic. But we are given a reason to be able to use it by buying a method of installments diligently and confidently that Bitcoin will one day give a fairly large benefit, maybe even more than 100%, as you say, because if you see ATH all the time, it is always high. Agree finally Finally, it all depends on the finances we have, and we remain consistent to continue to repay and not let go before the time comes.

[Findingnemo]

it all depends on the finances we have, and we remain consistent to continue to repay and not let go before the time comes.

For an average guy there will always be a problem when it comes to money so we have to cut some expenses to maintain the investment whether it's for Bitcoin or anything else but it should be continued no matter what, that discipline will pay off in the long run.

Buying Bitcoin in fragments is more accessible than traditional assets like stocks, we can invest low amount as possible that provides opportunity to anyone who has mindset to invest.

[Primo1760]

Not everyone has the privilege to buy lump sum, it takes time to build the savings via compounding which I mean decades or generations while Bitcoin is literally new means it can grow a lot in the upcoming future so even if you buy a small amount let's say 100 dollars in the next 5 or 10 years it may turn into 100x so if you understand the potential then just invest with whatever amount you have on regular intervals and start accumulating.

The possibility of making a profit by investing in bitcoin to hold it for the next 5-10 years, we can get big profits. Because bitcoin will be more expensive in the future.
we can buy bitcoin gradually with the DCA method, if we don't have 100 $, we can buy it in smaller amounts and gradually.

People who love to buy or invest in Bitcoins can use weekly or monthly DCA method to invest 40% or 60-70% of their earnings in Bitcoins if they don't have a lot of money to invest at once. Investing in the DCA method will surely bring you a lot of success in your investment. DCA method is the best way to invest. There are many people who have a lot of desire to invest but despite their desire they cannot invest due to lack of money. If those people invest using DCA method and hold for five to ten years then their investment will be very successful.

[bitbit97]

When this topic was created, the cost of Bitcoin was about $40-43k and that someone considered as expensive. Look a price now, it has doubled. Even if someone managed to take a loan, he would have totally repaid it and would even earn. Isnt it a confirmation that a moment of purchase and ability to hold matters? And I will repeat once again, why it is expensive, when it isnt necessary to buy whole Bitcoin. I would suggest again anyone not to look on the price, but focus on being able to hold until it hits the price that it suits you.

[nakmantu99]

When this topic was created, the cost of Bitcoin was about $40-43k and that someone considered as expensive. Look a price now, it has doubled. Even if someone managed to take a loan, he would have totally repaid it and would even earn. Isnt it a confirmation that a moment of purchase and ability to hold matters? And I will repeat once again, why it is expensive, when it isnt necessary to buy whole Bitcoin. I would suggest again anyone not to look on the price, but focus on being able to hold until it hits the price that it suits you.

You are right when this toic was made the price of bitcoin was still around $40K and currently the price of bitcoin has reached a new ATH, the current price of bitcoin is $90K. Sometimes doubts and lack of capital make people think not to buy bitcoin first because the price is expensive even though we can use the DCA method to buy bitcoin gradually.
in investing does require capital and experience, and that doubt can be eliminated by having knowledge and experience in investing. If he has done it in the past, he will do it again in the future better.

[enwi]

When this topic was created, the cost of Bitcoin was about $40-43k and that someone considered as expensive. Look a price now, it has doubled. Even if someone managed to take a loan, he would have totally repaid it and would even earn. Isnt it a confirmation that a moment of purchase and ability to hold matters? And I will repeat once again, why it is expensive, when it isnt necessary to buy whole Bitcoin. I would suggest again anyone not to look on the price, but focus on being able to hold until it hits the price that it suits you.

You are right when this toic was made the price of bitcoin was still around $40K and currently the price of bitcoin has reached a new ATH, the current price of bitcoin is $90K. Sometimes doubts and lack of capital make people think not to buy bitcoin first because the price is expensive even though we can use the DCA method to buy bitcoin gradually.
in investing does require capital and experience, and that doubt can be eliminated by having knowledge and experience in investing. If he has done it in the past, he will do it again in the future better.

Investing is always characterized by doubts, traditionally while the price of these products like bitcoins rises to the apex. But this does not mean we have to be overwhelmed by prices that may feel high, there is ways to begin investing such as the gradual purchase. If risk is to be minimised and a portfolio made less volatile, then theory as well as current asset and liabilities can be challenged by further experience. Often, the little and constant actions make the large changes in the future bearing in mind the commitment to the set investment goals.

[gunhell16]

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?.

Actually, we are already on the countdown; let's do what we can to buy because we are running out of time. It doesn't matter if it's only January 2024; we are already in November, and the year 2024 is coming to an end, and there has already been a twice-ATH in bitcoin, right?

So, that means let's do what we can to buy cryptos or bitcoin that we believe can give us profit in the bull run; let's not waste time. As long as there is an opportunity to buy, let's immediately buy the crypto that we want to save.

[Mate2237]

If you bought bitcoin at the time of creating this topic which was $40k and think of how much you would have made by now. If you want to invest, you can use DCA to buy small amount every week or month then when the price goes down to a bear market which you can buy then you invest massively.

Nobody is late in bitcoin investment and bitcoin is not too expensive for anyone who have something to start up. But the only thing you need to do is that you have to do something first before investing in bitcoin. You can start with $10 and later when you have more money then you increase the investment.

[satpol_PP]

If you bought bitcoin at the time of creating this topic which was $40k and think of how much you would have made by now. If you want to invest, you can use DCA to buy small amount every week or month then when the price goes down to a bear market which you can buy then you invest massively.

Nobody is late in bitcoin investment and bitcoin is not too expensive for anyone who have something to start up. But the only thing you need to do is that you have to do something first before investing in bitcoin. You can start with $10 and later when you have more money then you increase the investment.

But for now if you want to buy bitcoin or other potential altcoins, you should wait for a correction because the current price of bitcoin has reached $93K, in my opinion this is too high even though next year the price of bitcoin is predicted to be more than $100K but as investors we should choose the right time to enter.
It's never too late to invest, but invest in the right coin and time. If the market is too high, you should be patient and wait for a correction because investing in crypto is very risky.

[UNIVERSE]

When this topic was created, the cost of Bitcoin was about $40-43k and that someone considered as expensive. Look a price now, it has doubled. Even if someone managed to take a loan, he would have totally repaid it and would even earn.

You're right. It was below $45k. If we compared with the current price, it was very cheap price. But I can understand that the OP probably compared the price when it was in 2022. At that time, the price of Bitcoin was below $30k. It was even below $20k. That's why he assumed $40-43k was an expensive price. Actually, if we compared with the ATH of Bitcoin, $40-43k was still cheap price. The ATH of Bitcoin was around $68k-$69k. But now the ATH of Bitcoin is $94k (2 hours ago new ATH).

Anyway, even if Bitcoin price is quite cheap. I don't suggest anyone to invest/buy Bitcoin with loan money. It will be safe if you buy Bitcoin with your own money. If you have no big money, you can do DCA. I think this way will be safer.

[lombok]

If you bought bitcoin at the time of creating this topic which was $40k and think of how much you would have made by now. If you want to invest, you can use DCA to buy small amount every week or month then when the price goes down to a bear market which you can buy then you invest massively.

Nobody is late in bitcoin investment and bitcoin is not too expensive for anyone who have something to start up. But the only thing you need to do is that you have to do something first before investing in bitcoin. You can start with $10 and later when you have more money then you increase the investment.

But for now if you want to buy bitcoin or other potential altcoins, you should wait for a correction because the current price of bitcoin has reached $93K, in my opinion this is too high even though next year the price of bitcoin is predicted to be more than $100K but as investors we should choose the right time to enter.
It's never too late to invest, but invest in the right coin and time. If the market is too high, you should be patient and wait for a correction because investing in crypto is very risky.

Timing is always critical, and some players have been waiting for the right time to venture into the market only to find that prices of the stocks have already went high. Escalating to the market when it is hot will risk so one has to wait for a correction before entering. It will also enable us to know the ongoing trend of the price in the market hence be able to see opportunities when it is more favourable for us to get in. It helps in controlling and preventing expectations and therefore losses as a result of them.

Secondly, entrusting own funds to the crypto market means understanding that digital assets are characterised by high volatility. It is important for us to remember that, when investing in this particular sector, the search for profit making opportunities is not the only issue to consider, but how we defend our existing capital is also of utmost importance. If we choose the coins that really have the potential and learn when and how to use the market’s speed to our advantage, we’ll be more stable on the long run even if the market turns to the faster pace. The patience that we display at the present moment shall lead to better decisions in the future.

[Mate2237]

If you bought bitcoin at the time of creating this topic which was $40k and think of how much you would have made by now. If you want to invest, you can use DCA to buy small amount every week or month then when the price goes down to a bear market which you can buy then you invest massively.

Nobody is late in bitcoin investment and bitcoin is not too expensive for anyone who have something to start up. But the only thing you need to do is that you have to do something first before investing in bitcoin. You can start with $10 and later when you have more money then you increase the investment.

But for now if you want to buy bitcoin or other potential altcoins, you should wait for a correction because the current price of bitcoin has reached $93K, in my opinion this is too high even though next year the price of bitcoin is predicted to be more than $100K but as investors we should choose the right time to enter.
It's never too late to invest, but invest in the right coin and time. If the market is too high, you should be patient and wait for a correction because investing in crypto is very risky.

Timing is always critical, and some players have been waiting for the right time to venture into the market only to find that prices of the stocks have already went high. Escalating to the market when it is hot will risk so one has to wait for a correction before entering. It will also enable us to know the ongoing trend of the price in the market hence be able to see opportunities when it is more favourable for us to get in. It helps in controlling and preventing expectations and therefore losses as a result of them.

Secondly, entrusting own funds to the crypto market means understanding that digital assets are characterised by high volatility. It is important for us to remember that, when investing in this particular sector, the search for profit making opportunities is not the only issue to consider, but how we defend our existing capital is also of utmost importance. If we choose the coins that really have the potential and learn when and how to use the market’s speed to our advantage, we’ll be more stable on the long run even if the market turns to the faster pace. The patience that we display at the present moment shall lead to better decisions in the future.

Bitcoin hit All Time High of $69k in 2021 and in 2022, the price became one of the best bearish in the market of $15k and presently it is running to $100k and everyone in the forum knows that this year is for the bull run so we are still on it but we don't know what will happen in next year. Because in the previous analysis, after the Bull run annd the All Time High then the following year the price comes down but I don't think bitcoin price will come down to $20k again. Some people are even saying that it is $60k that will be the last bear market the price will hit in the next bear market.

So if anyone is planning to buy from the Bear Market again then he is she should prepare to buy from the $60k but if the price go below the $60k prediction then it is better for the new investors.

[dekafee79]

When this topic was created, the cost of Bitcoin was about $40-43k and that someone considered as expensive. Look a price now, it has doubled. Even if someone managed to take a loan, he would have totally repaid it and would even earn.

You're right. It was below $45k. If we compared with the current price, it was very cheap price. But I can understand that the OP probably compared the price when it was in 2022. At that time, the price of Bitcoin was below $30k. It was even below $20k. That's why he assumed $40-43k was an expensive price. Actually, if we compared with the ATH of Bitcoin, $40-43k was still cheap price. The ATH of Bitcoin was around $68k-$69k. But now the ATH of Bitcoin is $94k (2 hours ago new ATH).

Anyway, even if Bitcoin price is quite cheap. I don't suggest anyone to invest/buy Bitcoin with loan money. It will be safe if you buy Bitcoin with your own money. If you have no big money, you can do DCA. I think this way will be safer.

Bitcoin prices during the 2022 bearish season are still cheap, but if we don't have free funds to buy at that time and hold them until now, it will be difficult for us to do so. because holding more than 2 years is a natural time where we will have living needs that must be met if we don't have free funds to invest in crypto, of course our investment will be disrupted.

[Blaze]

Bitcoin prices during the 2022 bearish season are still cheap, but if we don't have free funds to buy at that time and hold them until now, it will be difficult for us to do so. because holding more than 2 years is a natural time where we will have living needs that must be met if we don't have free funds to invest in crypto, of course our investment will be disrupted.

Essentially, this means that when the chance to purchase during times of a bear market is not taken, it is not the end of the storey. Still, we can be ready for the next market moment with more mature planning. In the way of taking a step by step approach the investment process can still give good returns in the future. Storing crypto assets for years really needs patience, not unless if life essentials are the forefront requirement. This situation is familiar to business, where they always should be careful with the distribution of funds so that they do not hinder investments that affect their basic requirements.

If you bought bitcoin at the time of creating this topic which was $40k and think of how much you would have made by now. If you want to invest, you can use DCA to buy small amount every week or month then when the price goes down to a bear market which you can buy then you invest massively.

Nobody is late in bitcoin investment and bitcoin is not too expensive for anyone who have something to start up. But the only thing you need to do is that you have to do something first before investing in bitcoin. You can start with $10 and later when you have more money then you increase the investment.

From above analysis, it can be seen that investment in bitcoin does give good chance albeit in some measure; it can even be in small strides. From as little as we can lay our hands on, whether a dollar, a euro or a pound, it is possible to start putting together a portfolio. The art of building investment value is applied through consistency as a way of seeing long term returns. So using good timing and various basic incrementalisms like DCA, we are built slowly but surely in the crypto market. The thing is to start, and no matter how much it costs, including starting from small capital, because every movement leads closer to a better financial condition in the future.

[taufik123]

Bitcoin prices during the 2022 bearish season are still cheap, but if we don't have free funds to buy at that time and hold them until now, it will be difficult for us to do so. because holding more than 2 years is a natural time where we will have living needs that must be met if we don't have free funds to invest in crypto, of course our investment will be disrupted.

Yes, it is very difficult because at that time the price then continues to fall and reaches the DIP price.
As a Holder will be faced with an extreme decline and it will test whether we are able to survive or not, but when there is a drastic decline it is better to buy again if you still have a reserve fund.

And it can be seen now, who still survives and is able to accumulate more bitcoin ownership, then profits will be obtained in the current new ATH.

But this also depends on everyone's mentality and needs, because everyone will take advantage when their target has been reached.