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Author Topic: Is Bitcoin Too Expensive For Me?  (Read 83813 times)

Offline chigo

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Re: Is Bitcoin Too Expensive For Me?
« Reply #735 on: December 13, 2024, 02:40:03 AM »
If your target is time, then no matter what the price of Bitcoin is next year, it will give you a profit, but if your target is profit, then I am sure you will get a big profit now because the current price is more expensive than two years ago. The most important thing is to avoid greed that can reverse the situation at any time, in 2025 it is still possible for Bitcoin and some major altcoins to remain more expensive, and even have the potential to be even higher bullish due to the influence of the new US president who is quite interesting.
I think people will target specific price, they actually don't really care about the time. If people still hold the Bitcoin, it is because they assume there will be higher price in the next year. However, the target should be realistic (reasonable), we don't be so greedy. Although it looks like there is a big chance for a higher price in the next year, we must be aware that there is no guarantee for this. We must understand that the market condition can change in a short time. So, we must always have some plans and get profits gradually to avoid the worse scenario.
Since I joined the crypto world, I keep reading questions from those who are confused whether the price of bitcoin is worth buying! While they are busy looking for answers to these questions, the price of bitcoin continues to rise and this makes them frustrated and come back to ask the same question next year. I advise them to buy bitcoin via DCA, that's what Michael Saylor and El Salvador did, there is no loss that they will get and they are free to sell at any time at any price range.

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Re: Is Bitcoin Too Expensive For Me?
« Reply #735 on: December 13, 2024, 02:40:03 AM »

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Offline dekafee79

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Re: Is Bitcoin Too Expensive For Me?
« Reply #736 on: December 14, 2024, 09:19:33 PM »
If your target is time, then no matter what the price of Bitcoin is next year, it will give you a profit, but if your target is profit, then I am sure you will get a big profit now because the current price is more expensive than two years ago. The most important thing is to avoid greed that can reverse the situation at any time, in 2025 it is still possible for Bitcoin and some major altcoins to remain more expensive, and even have the potential to be even higher bullish due to the influence of the new US president who is quite interesting.
I think people will target specific price, they actually don't really care about the time. If people still hold the Bitcoin, it is because they assume there will be higher price in the next year. However, the target should be realistic (reasonable), we don't be so greedy. Although it looks like there is a big chance for a higher price in the next year, we must be aware that there is no guarantee for this. We must understand that the market condition can change in a short time. So, we must always have some plans and get profits gradually to avoid the worse scenario.
Since I joined the crypto world, I keep reading questions from those who are confused whether the price of bitcoin is worth buying! While they are busy looking for answers to these questions, the price of bitcoin continues to rise and this makes them frustrated and come back to ask the same question next year. I advise them to buy bitcoin via DCA, that's what Michael Saylor and El Salvador did, there is no loss that they will get and they are free to sell at any time at any price range.
If we always have doubts, we will be left behind because others have already bought. This happened to me, when bitcoin was first launched I was hesitant to mine, because it took capital to buy equipment. because at that time there was a lot of bad news attacking bitcoin. and it turned out that my doubts were wrong, bitcoin became expensive and I was late to buy it.

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Re: Is Bitcoin Too Expensive For Me?
« Reply #736 on: December 14, 2024, 09:19:33 PM »

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Offline Rubel007

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Re: Is Bitcoin Too Expensive For Me?
« Reply #737 on: December 14, 2024, 10:34:57 PM »
If your target is time, then no matter what the price of Bitcoin is next year, it will give you a profit, but if your target is profit, then I am sure you will get a big profit now because the current price is more expensive than two years ago. The most important thing is to avoid greed that can reverse the situation at any time, in 2025 it is still possible for Bitcoin and some major altcoins to remain more expensive, and even have the potential to be even higher bullish due to the influence of the new US president who is quite interesting.
I think people will target specific price, they actually don't really care about the time. If people still hold the Bitcoin, it is because they assume there will be higher price in the next year. However, the target should be realistic (reasonable), we don't be so greedy. Although it looks like there is a big chance for a higher price in the next year, we must be aware that there is no guarantee for this. We must understand that the market condition can change in a short time. So, we must always have some plans and get profits gradually to avoid the worse scenario.
Since I joined the crypto world, I keep reading questions from those who are confused whether the price of bitcoin is worth buying! While they are busy looking for answers to these questions, the price of bitcoin continues to rise and this makes them frustrated and come back to ask the same question next year. I advise them to buy bitcoin via DCA, that's what Michael Saylor and El Salvador did, there is no loss that they will get and they are free to sell at any time at any price range.
If we always have doubts, we will be left behind because others have already bought. This happened to me, when bitcoin was first launched I was hesitant to mine, because it took capital to buy equipment. because at that time there was a lot of bad news attacking bitcoin. and it turned out that my doubts were wrong, bitcoin became expensive and I was late to buy it.
This kind of situation is not only in your case but many people have been in such a situation. Even after learning about Bitcoin, there was doubt and hesitation in investing, so the opportunity to buy from the dip end at that time had to be lost. However, as the days pass, Bitcoin will become more valuable and there will be more regrets. That is why if investors learn about Bitcoin first and take a decision with faith, this investment can become a valuable asset in the future. Because most people have not started using Bitcoin yet.

Offline UNIVERSE

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Re: Is Bitcoin Too Expensive For Me?
« Reply #738 on: December 15, 2024, 01:41:53 PM »
If we always have doubts, we will be left behind because others have already bought. This happened to me, when bitcoin was first launched I was hesitant to mine, because it took capital to buy equipment. because at that time there was a lot of bad news attacking bitcoin. and it turned out that my doubts were wrong, bitcoin became expensive and I was late to buy it.
I think you missed the point of the discussion above. They are talking about investing with careful way, they don't say to avoid buying Bitcoin. Sure, we should join Bitcoin investment because it is a very potential investment. If people have bought Bitcoin, they must feel optimistic about Bitcoin future. However, people will try to make the goal for taking profits in a realistic way.

If you think it is too late to buy Bitcoin, you can buy an alternative coin such as Ethereum. It is not a must to invest in Bitcoin, we have many crypto coins.


Offline doc

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Re: Is Bitcoin Too Expensive For Me?
« Reply #739 on: December 15, 2024, 02:28:17 PM »
If we always have doubts, we will be left behind because others have already bought. This happened to me, when bitcoin was first launched I was hesitant to mine, because it took capital to buy equipment. because at that time there was a lot of bad news attacking bitcoin. and it turned out that my doubts were wrong, bitcoin became expensive and I was late to buy it.
I think you missed the point of the discussion above. They are talking about investing with careful way, they don't say to avoid buying Bitcoin. Sure, we should join Bitcoin investment because it is a very potential investment. If people have bought Bitcoin, they must feel optimistic about Bitcoin future. However, people will try to make the goal for taking profits in a realistic way.

If you think it is too late to buy Bitcoin, you can buy an alternative coin such as Ethereum. It is not a must to invest in Bitcoin, we have many crypto coins.
It seems that buying bitcoin is not too late if we decide to invest in the short and medium term. Buy during corrections and sell quickly when the price increases.
but if you want higher potential, we can buy other potential altcoins such as ethereum, BNB, Solana, TON and XRP.

Offline yohananaomi

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Re: Is Bitcoin Too Expensive For Me?
« Reply #740 on: December 16, 2024, 02:08:13 AM »
All matters with risks taking on which at the moment or time that you do find yourself having such fear on investing into something because of having doubts because of losing money then you arent prepared for making investment neither on those traditional investments or here on crypto space. It would really be that up to you because risks taking will really be just that basing up on how serious you are and accepting on the possible risks that lies ahead when investing. Speaking about Bitcoin then you arent that forced to buy a whole coin but rather you could be able to accumulate in different fractions on which basing up into someones financial capacity.
It was mentioned earlier that every decision involves risk, and the fear due to decision making is natural human trait. But this fear can be controlled if we are willing to accept probable repercussions which we should be willing for. In this case, one can start small as per our ability in such investments and sometimes in the asset like bitcoins one can collect in progressive small amounts and the method is known as DCA. Thus, we can still appropriate, fairly and proportionately, without the feeling of bearing big risks. The most crucial academic to avoid sinking into easiness is that of avoiding being quickly influenced by the bad news and be keen in managing our assets to get the best out of the investment experience.
Acceptance and awareness on how things do work will really be the key when you do invest whether on Bitcoin or other crypto as well. Acceptance of the risks then you wont really be worrying too much if the investment would go south and if you arent that prepared or accepting the risks then it will really be that just making you impulsive which is why it is really that important that you do really know on what you are doing and on what you are involved into. Bitcoin is expensive? Its not needed to buy a whole but you could be able to buy in fractions on which it will really be that basing up to your financial capacity and not forcing yourself on investing on which you cant be able to do so.
In investing we must dare to accept risks. but with the right analysis and strategy because the risk in crypto investment will always be there.
Bitcoin is expensive, but we can buy according to our ability.
Actually in everything we have to calculate all the risks that we do and will experience and this is especially with investments in crypto where the situation is always changing quickly with very high risks. but once again if we don't start then we will be left behind and not know what we will do next. starting with investing in potential altcoins will be safer, especially in bitcoin of course, but bitcoin is expensive so we outsmart it by buying with DCA.

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Re: Is Bitcoin Too Expensive For Me?
« Reply #741 on: December 17, 2024, 02:30:44 AM »
It seems that buying bitcoin is not too late if we decide to invest in the short and medium term. Buy during corrections and sell quickly when the price increases.
but if you want higher potential, we can buy other potential altcoins such as ethereum, BNB, Solana, TON and XRP.
After experiencing an increase of up to 500% in 1 month, XRP has now become a coin that is quite expensive to own, right? Many people are starting to fear their failure to maintain their XRP position, because the fate of the SEC is really in the hands of US politics led by Trump in January.

The movement for the XRP coin is currently in a sideways period, after a very big pump this month, XRP is still being monitored as a coin with potential government support... the key to XRP's movement is in Q1 2025... we will see it skyrocket even higher, or sink in a bearish period...

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Re: Is Bitcoin Too Expensive For Me?
« Reply #741 on: December 17, 2024, 02:30:44 AM »


Offline defy

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Re: Is Bitcoin Too Expensive For Me?
« Reply #742 on: December 17, 2024, 09:59:52 AM »
If we always have doubts, we will be left behind because others have already bought. This happened to me, when bitcoin was first launched I was hesitant to mine, because it took capital to buy equipment. because at that time there was a lot of bad news attacking bitcoin. and it turned out that my doubts were wrong, bitcoin became expensive and I was late to buy it.
I think you missed the point of the discussion above. They are talking about investing with careful way, they don't say to avoid buying Bitcoin. Sure, we should join Bitcoin investment because it is a very potential investment. If people have bought Bitcoin, they must feel optimistic about Bitcoin future. However, people will try to make the goal for taking profits in a realistic way.

If you think it is too late to buy Bitcoin, you can buy an alternative coin such as Ethereum. It is not a must to invest in Bitcoin, we have many crypto coins.
It seems that buying bitcoin is not too late if we decide to invest in the short and medium term. Buy during corrections and sell quickly when the price increases.
but if you want higher potential, we can buy other potential altcoins such as ethereum, BNB, Solana, TON and XRP.

So you are advocating trading Bitcoin on a very short term basis. Without extensive experience I would not advise that practice because it is so easy to get it wrong and lose what you had.

It needs to be said again that you can hold Satoshis rather than a whole bitcoin, the percentage rise will be the same.

Sure you can buy other altcoins instead, that isnt a new proposal but i would be focussing firstly on Bitcoin and then on other truly decentralised options
Bitrefill - crypto e-commerce store allowing you to 'Live on Crypto' by buying digital gift cards, eSIMs, & phone refills with Bitcoin & crypto. Use my Link for $5 - https://bitrefill.com/invite/cw2vqwvn

Offline albon

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Re: Is Bitcoin Too Expensive For Me?
« Reply #743 on: December 17, 2024, 03:10:55 PM »
Bitcoin is famous for its price volatility and is characterized by rapid fluctuations and speculative trading activity. While this volatility presents opportunities for significant gains, it does not necessarily mean investors have high risk and potential losses. If you understand all aspects of bitcoin and have enough capital then you can invest in bitcoin. Current investment patterns show a growing interest in bitcoin, especially among the younger population so the price of bitcoin may rise further in the future. Moreover, bitcoin limited supply and decentralized nature make it an alternative to traditional assets that appeals to some investors. There is no risk of scam from bitcoin so you should definitely invest here but you should have the idea to buy and sell at the right time.

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Re: Is Bitcoin Too Expensive For Me?
« Reply #744 on: December 17, 2024, 10:37:17 PM »
Since I joined the crypto world, I keep reading questions from those who are confused whether the price of bitcoin is worth buying! While they are busy looking for answers to these questions, the price of bitcoin continues to rise and this makes them frustrated and come back to ask the same question next year. I advise them to buy bitcoin via DCA, that's what Michael Saylor and El Salvador did, there is no loss that they will get and they are free to sell at any time at any price range.
It is a good idea to buy with DCA strategy. This won't require a lot of funds, you also can buy Bitcoin at some price. This potentially get some best time for buying Bitcoin. Sure, it is okay to buy Bitcoin in this way because the risk will be quite safer. However, this should be better if we start buying with DCA strategy in the bearish season. When it is in bullrun season, we must be quite careful buying at a too high price. Just avoid to buy at the peak!!

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Offline yohananaomi

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Re: Is Bitcoin Too Expensive For Me?
« Reply #745 on: December 23, 2024, 03:27:13 AM »
If we always have doubts, we will be left behind because others have already bought. This happened to me, when bitcoin was first launched I was hesitant to mine, because it took capital to buy equipment. because at that time there was a lot of bad news attacking bitcoin. and it turned out that my doubts were wrong, bitcoin became expensive and I was late to buy it.
I think you missed the point of the discussion above. They are talking about investing with careful way, they don't say to avoid buying Bitcoin. Sure, we should join Bitcoin investment because it is a very potential investment. If people have bought Bitcoin, they must feel optimistic about Bitcoin future. However, people will try to make the goal for taking profits in a realistic way.

If you think it is too late to buy Bitcoin, you can buy an alternative coin such as Ethereum. It is not a must to invest in Bitcoin, we have many crypto coins.
It seems that buying bitcoin is not too late if we decide to invest in the short and medium term. Buy during corrections and sell quickly when the price increases.
but if you want higher potential, we can buy other potential altcoins such as ethereum, BNB, Solana, TON and XRP.
So you are advocating trading Bitcoin on a very short term basis. Without extensive experience I would not advise that practice because it is so easy to get it wrong and lose what you had.

It needs to be said again that you can hold Satoshis rather than a whole bitcoin, the percentage rise will be the same.

Sure you can buy other altcoins instead, that isnt a new proposal but i would be focussing firstly on Bitcoin and then on other truly decentralised options
I think there is no harm in conducting short or medium -term trading at this time. It is still true for purchases when there is a correction, because the opportunity to still increase is still open. If you really have funds, I think it is legitimate to do so, just unfortunately, the price is too high, so we are looking for alternatives that can be replaced and there is a lot of potential alcoins to be sought as a replacement.
Do not hesitate to use a potential altcoin because the season hasn't come completely and will arrive.

Offline UNIVERSE

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Re: Is Bitcoin Too Expensive For Me?
« Reply #746 on: December 25, 2024, 11:27:31 PM »
I think there is no harm in conducting short or medium -term trading at this time. It is still true for purchases when there is a correction, because the opportunity to still increase is still open. If you really have funds, I think it is legitimate to do so, just unfortunately, the price is too high, so we are looking for alternatives that can be replaced and there is a lot of potential alcoins to be sought as a replacement.
I even think it is a better choice to do short or medium trading nowadays. If we want to have a long term holding, it is not the best time for buying the coins. Most coins have increased quite a lot although there are still many of them not reaching their ATH yet. I also buy some coins and set them to sell for a short or medium trading. Sure, we have many potential altcoins, the top altcoins can be the most recommended ones.


Offline enwi

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Re: Is Bitcoin Too Expensive For Me?
« Reply #747 on: December 26, 2024, 03:28:01 AM »
I think there is no harm in conducting short or medium -term trading at this time. It is still true for purchases when there is a correction, because the opportunity to still increase is still open. If you really have funds, I think it is legitimate to do so, just unfortunately, the price is too high, so we are looking for alternatives that can be replaced and there is a lot of potential alcoins to be sought as a replacement.
Do not hesitate to use a potential altcoin because the season hasn't come completely and will arrive.
The trading at short or medium term can be an interesting thing, if one has a good idea of the trends on the market. Should the price feel too high, it’s time to look for other kinds of assets, which can give you a good altcoin to explore in terms of potential growth. The crypto market is quite diverse, so it is always possible to find something suitable, what is important, the crypto market is always waiting for those who are willing to spend their time for studying various types of valuable assets. Thus, by evaluating trends and analysis of potential of the projects behind altcoins, we create a possibility to see the assets which might bring highly satisfactory return in future. As Keynes pointed out, there is no surefire way to make money in investments, but if we follow reasonable procedures we should not go far wrong.

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Re: Is Bitcoin Too Expensive For Me?
« Reply #748 on: December 26, 2024, 11:04:29 PM »
I think there is no harm in conducting short or medium -term trading at this time. It is still true for purchases when there is a correction, because the opportunity to still increase is still open. If you really have funds, I think it is legitimate to do so, just unfortunately, the price is too high, so we are looking for alternatives that can be replaced and there is a lot of potential alcoins to be sought as a replacement.
I even think it is a better choice to do short or medium trading nowadays. If we want to have a long term holding, it is not the best time for buying the coins. Most coins have increased quite a lot although there are still many of them not reaching their ATH yet. I also buy some coins and set them to sell for a short or medium trading. Sure, we have many potential altcoins, the top altcoins can be the most recommended ones.
I also think the same as you, right now we should choose short and medium term investment because the price has gone up high, if we choose long term hold we can buy during the bearish season which will probably happen in 2026.
Right now I am buying some top altcoins and plan to hold medium term and sell them next year.
In addition I also do daily trading.

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Re: Is Bitcoin Too Expensive For Me?
« Reply #749 on: December 29, 2024, 11:56:56 PM »
I also think the same as you, right now we should choose short and medium term investment because the price has gone up high, if we choose long term hold we can buy during the bearish season which will probably happen in 2026.
Right now I am buying some top altcoins and plan to hold medium term and sell them next year.
In addition I also do daily trading.
We are likely in the high prices of almost all crypto coins. It is not the right time to buy for a long term holding anymore. This is the time to sell our crypto coins, then the money we get to be the funds for buying again crypto coins in the next bearish season. Yes, if we want to buy coins for a long term holding, it must be in the bearish season. So, just be patient to wait for the next bearish, it may be in the next 1-2 years. I think we must enjoy first this bullrun season. We need to gain money as much as possible during this bullrun season.  ;D


 

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