Is Bitcoin Too Expensive For Me?

[dave_strider]

Bitcoin continues to grow well because the trust in it continues to grow and makes bitcoin a profitable investment. I think there is still rejection from some countries, but the rejection varies from those who do not recognize it as a legal tender and but only be traded and must be exchanged with local fiat to transact and all the restrictions that can occur, but overall more have recognized it,

Acceptance and acknowledgment would change said rejection, more time is needed, much more than what took us to the point of time we are in with BTC.

[philipma1957]

There is no denying that Bitcoin is currently expensive, but it is not a requirement for an investor to invest in one Bitcoin, but rather to invest according to their ability and plan. If someone has the ability to invest $1,000, they will invest, and if someone has the ability to invest $10, they will invest according to that ability. In this case, whether the price is expensive or not does not depend on it. However, as time goes on, Bitcoin will become more and more out of reach for people to invest, meaning that if the price increases, those who are willing to invest a small amount will not be able to invest, even though they may want to.

yep

10 bucks a day
10 bucks a week
10 bucks a month

all of the above will add up

for some it may take years to get there. whatever there is.

but most evryone on this forum can do 10:bucks a month.

[Aanuoluwatofunmi]

Bitcoin is an opportunity given, because it renders with how everyone can conveniently invest at the rate they can afford to and also give enough time for the investment to get to the maturity stage before they can now sell or release, so there is nothing expensive in this, all we have to do is in knowing the right step to take at the right time, if we don't really want to run on a loss after investing.

[omori]

yep

10 bucks a day
10 bucks a week
10 bucks a month

all of the above will add up

for some it may take years to get there. whatever there is.

but most evryone on this forum can do 10:bucks a month.

To be a happy hodler is to understand that any sum, no matter how big, brings you closer to your target.
Just keeping the target clear is what matters.

[alltalk]

Of course there is no place to compare bitcoin with shitcoin and even though if that meme coin was launched years back it would still die off because lot of people's do not find interest in shitcoi and memecoin. So like you said bitcoin has always remain the best amount all, and we should try to prioritize bitcoin than any other altcoin out there as safe haven.

Indeed. Bitcoin can't be compared with shitcoins or meme coins. Bitcoin has proven to survive many years as the number 1 crypto coin. Meanwhile there are too many shitcoins or meme coins that end up with delisted from all exchanges. They are delisted and disappeared  because there are no longer demands in the market. It is different with Bitcoin that people always prioritize to buy Bitcoin for their main assets. I am not sure to claim Bitcoin as a safe haven asset but Bitcoin is surely more secure than any other crypto coins.

[SmartGold01]

Of course there is no place to compare bitcoin with shitcoin and even though if that meme coin was launched years back it would still die off because lot of people's do not find interest in shitcoi and memecoin. So like you said bitcoin has always remain the best amount all, and we should try to prioritize bitcoin than any other altcoin out there as safe haven.

Indeed. Bitcoin can't be compared with shitcoins or meme coins. Bitcoin has proven to survive many years as the number 1 crypto coin. Meanwhile there are too many shitcoins or meme coins that end up with delisted from all exchanges. They are delisted and disappeared  because there are no longer demands in the market. It is different with Bitcoin that people always prioritize to buy Bitcoin for their main assets. I am not sure to claim Bitcoin as a safe haven asset but Bitcoin is surely more secure than any other crypto coins.

Talking about delisting, I have never seen any exchange delisting Bitcoin for any reason, but lot of altcoin and shitcoin has been delisted severely especially when CZ of Binance was active CEO there have been series of altcoin shitcoin that doesn't meet up the community standards which they delisted them from their exchange in order to secure investors funds. Bitcoin has experienced strong opposition due to regulations issues but yet they didn't succeed and today everyone talking about Bitcoin.

[$crypto$]

Bitcoin has proven after many rejections finally now Bitcoin can grow and many believe in it. The future of bitcoin is so bright, because more and more people are starting to see the potential of bitcoin.

Although sometimes it experiences a very deep correction, but in the end bitcoin finds a reversal and reaches its ATH again.

Even if the market witness a strong rejection there are all hope and trust that bitcoin wouldn't fall flat to the rate where people would lose entirely like other memecoin such as the Trump coin that has gained so much lose or rejection in the market, some investors lose millions of dollars in the name of investment in that projects. With this experience no one would ever what to venture into that investment anymore and even if the project regain back it's price people would be afraid to invest in that project, but investing in bitcoin you have nothing to worry provided they can withstand the market forces such as dip moments then definitely the bull moment Sha show up itself again and they will still make profits since it always creates new ATH.

Yes, the key is our patience in holding when bitcoin goes down, and there is no need to panic because we can do DCA, so we can accumulate it.

However, this can only be done by experienced people and people who have prepared their finances as well as possible. Because when the money used is not ready, it may be sold when experiencing a loss.

[SmartGold01]

Bitcoin has proven after many rejections finally now Bitcoin can grow and many believe in it. The future of bitcoin is so bright, because more and more people are starting to see the potential of bitcoin.

Although sometimes it experiences a very deep correction, but in the end bitcoin finds a reversal and reaches its ATH again.

Even if the market witness a strong rejection there are all hope and trust that bitcoin wouldn't fall flat to the rate where people would lose entirely like other memecoin such as the Trump coin that has gained so much lose or rejection in the market, some investors lose millions of dollars in the name of investment in that projects. With this experience no one would ever what to venture into that investment anymore and even if the project regain back it's price people would be afraid to invest in that project, but investing in bitcoin you have nothing to worry provided they can withstand the market forces such as dip moments then definitely the bull moment Sha show up itself again and they will still make profits since it always creates new ATH.

Yes, the key is our patience in holding when bitcoin goes down, and there is no need to panic because we can do DCA, so we can accumulate it.

However, this can only be done by experienced people and people who have prepared their finances as well as possible. Because when the money used is not ready, it may be sold when experiencing a loss.

That is why is important to always have a reserved funds or emergency funds that would served as cushion funds around us, maybe if there were (is) any issues or urgent situation around them they can use it for quick backup than going to use or alter their investment. As a learned investors who have been on the investment journey for years should be able to understand how the market operates so that they can keep doubling their investment whenever there seems to be an opportunities to double it.

[UNIVERSE]

That is why is important to always have a reserved funds or emergency funds that would served as cushion funds around us, maybe if there were (is) any issues or urgent situation around them they can use it for quick backup than going to use or alter their investment. As a learned investors who have been on the investment journey for years should be able to understand how the market operates so that they can keep doubling their investment whenever there seems to be an opportunities to double it.

Of course, we must have the money for urgent needs or for emergency. We don't know what will happen with our life in the future. So, we must prepare anything, including we prepare for the funds. Savings with fiats is the good way to deal with this situation. That's why we don't use all the money for investment or trading. We must have reserved money for any unexpected thing to happen in the future. If we use all the money in investment, it may need some years to get back again the money.

[enwi]

That is why is important to always have a reserved funds or emergency funds that would served as cushion funds around us, maybe if there were (is) any issues or urgent situation around them they can use it for quick backup than going to use or alter their investment. As a learned investors who have been on the investment journey for years should be able to understand how the market operates so that they can keep doubling their investment whenever there seems to be an opportunities to double it.

Of course, we must have the money for urgent needs or for emergency. We don't know what will happen with our life in the future. So, we must prepare anything, including we prepare for the funds. Savings with fiats is the good way to deal with this situation. That's why we don't use all the money for investment or trading. We must have reserved money for any unexpected thing to happen in the future. If we use all the money in investment, it may need some years to get back again the money.

Yes, saving for the rainy day is actually not something that can be overlooked, because nobody knows what the future holds. Fiat money can also help one prepare for situations that occur in an unpredictable life because having some amount of money that is stored in fiat form can come in handy in situations that are beyond one’s expectations. With all the funds being invested, there is the problem of a long waiting time before to can be accessed back again especially when the market is bad. So, being ready with some amount saved for emergency situations, one will not be compelled to sell it at an unfavourable price due to a particular emergency. These simple concepts should be followed so that financial conditions are made easier and stable and on the other hand people should not have to worry much while investing.

[koang]

That is why is important to always have a reserved funds or emergency funds that would served as cushion funds around us, maybe if there were (is) any issues or urgent situation around them they can use it for quick backup than going to use or alter their investment. As a learned investors who have been on the investment journey for years should be able to understand how the market operates so that they can keep doubling their investment whenever there seems to be an opportunities to double it.

Of course, we must have the money for urgent needs or for emergency. We don't know what will happen with our life in the future. So, we must prepare anything, including we prepare for the funds. Savings with fiats is the good way to deal with this situation. That's why we don't use all the money for investment or trading. We must have reserved money for any unexpected thing to happen in the future. If we use all the money in investment, it may need some years to get back again the money.

Yes, saving for the rainy day is actually not something that can be overlooked, because nobody knows what the future holds. Fiat money can also help one prepare for situations that occur in an unpredictable life because having some amount of money that is stored in fiat form can come in handy in situations that are beyond one’s expectations. With all the funds being invested, there is the problem of a long waiting time before to can be accessed back again especially when the market is bad. So, being ready with some amount saved for emergency situations, one will not be compelled to sell it at an unfavourable price due to a particular emergency. These simple concepts should be followed so that financial conditions are made easier and stable and on the other hand people should not have to worry much while investing.

Well said. We know investment is the framework of wealth without well-managed investment, the wealth structure will collapse.
However, the most important element is cash flow, cash is the oxygen.
Cash flow is a crucial factor in avoiding mistakes. By focusing on cash flow, one can gain valuable insights into the financial health and sustainability of the investment.
No matter how stable the investment is, without cash (oxygen). There is no survival.

[Mr. Magkaisa]

There is no denying that Bitcoin is currently expensive, but it is not a requirement for an investor to invest in one Bitcoin, but rather to invest according to their ability and plan. If someone has the ability to invest $1,000, they will invest, and if someone has the ability to invest $10, they will invest according to that ability. In this case, whether the price is expensive or not does not depend on it. However, as time goes on, Bitcoin will become more and more out of reach for people to invest, meaning that if the price increases, those who are willing to invest a small amount will not be able to invest, even though they may want to.

yep

10 bucks a day
10 bucks a week
10 bucks a month

all of the above will add up

for some it may take years to get there. whatever there is.

but most evryone on this forum can do 10:bucks a month.

          -     Well, 10 bucks a month is for me a light weight that is a good habit to have. Because after 4 years from now, how much value will it have if I allocate it to bitcoin and hold it from now until 2028? I am pretty sure that the ROI is also high.

And 10$ is not heavy for someone who is strategic about getting sources of income. Especially for someone who has a regular job. Because if we buy one Bitcoin, it is literally very expensive. But if we buy it little by little, we will not feel that it is expensive.

[New Ranger]

Bitcoin is an opportunity given, because it renders with how everyone can conveniently invest at the rate they can afford to and also give enough time for the investment to get to the maturity stage before they can now sell or release, so there is nothing expensive in this, all we have to do is in knowing the right step to take at the right time, if we don't really want to run on a loss after investing.

Independent efforts must exist if we really want to inform about the great potential of BTC in the future, I personally, if asked, will give them instructions about this market in general and provide a little knowledge about BTC, the rest let them observe for themselves independently and recognition will come by itself from their generation.

[philipma1957]

There is no denying that Bitcoin is currently expensive, but it is not a requirement for an investor to invest in one Bitcoin, but rather to invest according to their ability and plan. If someone has the ability to invest $1,000, they will invest, and if someone has the ability to invest $10, they will invest according to that ability. In this case, whether the price is expensive or not does not depend on it. However, as time goes on, Bitcoin will become more and more out of reach for people to invest, meaning that if the price increases, those who are willing to invest a small amount will not be able to invest, even though they may want to.

yep

10 bucks a day
10 bucks a week
10 bucks a month

all of the above will add up

for some it may take years to get there. whatever there is.

but most evryone on this forum can do 10:bucks a month.

          -     Well, 10 bucks a month is for me a light weight that is a good habit to have. Because after 4 years from now, how much value will it have if I allocate it to bitcoin and hold it from now until 2028? I am pretty sure that the ROI is also high.

And 10$ is not heavy for someone who is strategic about getting sources of income. Especially for someone who has a regular job. Because if we buy one Bitcoin, it is literally very expensive. But if we buy it little by little, we will not feel that it is expensive.

Yeah putting 10 a month in btc away and leaving it be is not that hard to do.

many want 10x in a year don't think this way it is not realistic.

Also your age matters a lot.

I am 68 I always saved some on the side but I also spent it because holding for 10 or 20 years never appealed to me.

of course if I held the 27 coins I had in 2012 till now it would have been nice.

I likely spent 350,000usd  in btc while running the mine. that coin would be worth 1,000,000 now, but a lot spent also generated the coins.

So realistically if I was doing a better job of holding I could have 5-10 coins right now which I don't.

But I own a home
I am debt free.
I lease a new car every 3 years.

I have savings in a 401k

and I have btc.


Mostly because I did hodl some and sold slowly. 

When I look at Doge and understand how its design is built for eternity with ever decreasing rate of inflation I do wish I was 20 or 30 years old and just stack Doge for 20 years. Along with BTC

[SmartGold01]

That is why is important to always have a reserved funds or emergency funds that would served as cushion funds around us, maybe if there were (is) any issues or urgent situation around them they can use it for quick backup than going to use or alter their investment. As a learned investors who have been on the investment journey for years should be able to understand how the market operates so that they can keep doubling their investment whenever there seems to be an opportunities to double it.

Of course, we must have the money for urgent needs or for emergency. We don't know what will happen with our life in the future. So, we must prepare anything, including we prepare for the funds. Savings with fiats is the good way to deal with this situation. That's why we don't use all the money for investment or trading. We must have reserved money for any unexpected thing to happen in the future. If we use all the money in investment, it may need some years to get back again the money.

I often watch over those who keeps using all their money to go investment into bitcoin or any other digital assets without them having savings or a something like a reserved funds to keep them at alert when their seems to be any problems in the future, just like those newbies who doesn't know when and where to put their money while doing investment, but when the needs for emergence arises you find them pulling off their investment to sort out their emergencies which such person can't make a good investment or becomes successful with their investments.