Is Bitcoin Too Expensive For Me?

[rizqillah]

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.

It requires proper financial management so that we do not use all our assets to buy bitcoin or other crypto assets. because sometimes we have emergency needs that we must fulfill immediately. we should have savings as a reserve fund if needed suddenly. The crypto market is very volatile so it is not easy for us to predict the price of the koj we buy, because sometimes the price drops.

[New Ranger]

It requires proper financial management so that we do not use all our assets to buy bitcoin or other crypto assets. because sometimes we have emergency needs that we must fulfill immediately. we should have savings as a reserve fund if needed suddenly. The crypto market is very volatile so it is not easy for us to predict the price of the koj we buy, because sometimes the price drops.

of course it is very necessary as a cash reserve but if we invest whether the pattern is short-term or long-term depends on the time we enter the market, some of us still come at the wrong time. When the market is bearish or at a reversal point, we buy coins so that it can make us bad.

The Crypto Market is a great place for long-term investment as long as we buy the right coins or projects, but all of this cannot make us rich overnight or in the short term, many sacrifices must be made especially regarding losses in the market. Just look at the people around us who invest in crypto, whether they stop or continue their journey in this market. Only investors who continue to research and observe each project will achieve success.

[SmartGold01]

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.

It requires proper financial management so that we do not use all our assets to buy bitcoin or other crypto assets. because sometimes we have emergency needs that we must fulfill immediately. we should have savings as a reserve fund if needed suddenly. The crypto market is very volatile so it is not easy for us to predict the price of the koj we buy, because sometimes the price drops.

Yes, no one can determines the price of cryptocurrency or bitcoin because the market is so volatile and if we don't apply cautiousness we would end up running it lose while investing, and usually all or any investment today requires a reserved funds or emergency funds to serves as sustainable money that could cater for any urgency without the need to go touch our investment, as we know investment is something that needs attention and time to grow properly otherwise, we could hurried to pull off our investment without even getting to maturity.

[dekafee79]

Yes, no one can determines the price of cryptocurrency or bitcoin because the market is so volatile and if we don't apply cautiousness we would end up running it lose while investing, and usually all or any investment today requires a reserved funds or emergency funds to serves as sustainable money that could cater for any urgency without the need to go touch our investment, as we know investment is something that needs attention and time to grow properly otherwise, we could hurried to pull off our investment without even getting to maturity.

The volatility of the market and the difficulty of predicting the price of bitcoin and altcoins is what makes traders have to always learn and practice to be able to get profit from every strategy they take.
about reserve funds to meet urgent needs in our lives is very necessary, this is part of financial management that we must manage well.

[Bobcrypto]

there is no such thing as expensive if we have the intention to buy it and there is money, bitcoin can be purchased in part according to our capabilities, so don't feel sad if you don't have 1 btc at the start of the investment, some people in the forum get bitcoin from the results of their work and that too some of them are not 1 BTC, but with an attitude of persevering towards your goal, one day you will definitely be able to have 1 Bitcoin

Yeah, i like your positivity about Bitcoin investments, it is certainly on individuals level of capital, and a gradual accumulation. As a beginner, you can buy some satoshi irrespective of the quantity.
I always hear some people say that they can't buy Bitcoin, is too expensive, even when the price was at $65k, many people think it will come down more . Now that price has gone above $100k, there are still similar complaints, however I think that it is not late, we can buy it at the current price and make a it a long term investments.

[yohananaomi]

Yes, no one can determines the price of cryptocurrency or bitcoin because the market is so volatile and if we don't apply cautiousness we would end up running it lose while investing, and usually all or any investment today requires a reserved funds or emergency funds to serves as sustainable money that could cater for any urgency without the need to go touch our investment, as we know investment is something that needs attention and time to grow properly otherwise, we could hurried to pull off our investment without even getting to maturity.

The volatility of the market and the difficulty of predicting the price of bitcoin and altcoins is what makes traders have to always learn and practice to be able to get profit from every strategy they take.
about reserve funds to meet urgent needs in our lives is very necessary, this is part of financial management that we must manage well.

It should be like that, before jumping into trading, prepare yourself with provisions to be able to analyze well or, if you want to jump in, you can do it right away, but it must be from a small value, after being able to increase it. It just has to be adjusted to your own abilities because you yourself know your abilities.
Agree, always divide what will be used with reserves that should not be used to avoid if later there is an investment need, it will still continue.

[God Of Thunder]

Now that price has gone above $100k, there are still similar complaints, however I think that it is not late, we can buy it at the current price and make a it a long term investments.

Bitcoin touched 92K yesterday, but it recovered pretty fast. If Bitcoin were too expensive, people wouldn't buy at this point. Of course, some people think it is too high to buy Bitcoin, and I do agree with that. But you never know what is going to happen in the future. If someone want to buy Bitcoin to hold it for a long time, they should start accumulating regardless of it's price.

This is what I have been suggesting people when they ask if it is the right time to buy Bitcoin.

[Bobcrypto]

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, "slow but steady wins the a race", is a popular saying.
investing with small amounts of money often, especially when prices goes dip, will definitely turn to a big investments in the future. A $10 Bitcoin investments consistently for a year will amount to a huge returns after six or more years.
I think anyone doing a regular job stand the opportunity to constantly buy Bitcoin at intervals, and this could be a good strategy at the long run.

[SmartGold01]

Yes, no one can determines the price of cryptocurrency or bitcoin because the market is so volatile and if we don't apply cautiousness we would end up running it lose while investing, and usually all or any investment today requires a reserved funds or emergency funds to serves as sustainable money that could cater for any urgency without the need to go touch our investment, as we know investment is something that needs attention and time to grow properly otherwise, we could hurried to pull off our investment without even getting to maturity.

The volatility of the market and the difficulty of predicting the price of bitcoin and altcoins is what makes traders have to always learn and practice to be able to get profit from every strategy they take.
about reserve funds to meet urgent needs in our lives is very necessary, this is part of financial management that we must manage well.

It should be like that, before jumping into trading, prepare yourself with provisions to be able to analyze well or, if you want to jump in, you can do it right away, but it must be from a small value, after being able to increase it. It just has to be adjusted to your own abilities because you yourself know your abilities.
Agree, always divide what will be used with reserves that should not be used to avoid if later there is an investment need, it will still continue.

Any trader who aren't sure of themselves should only go within their means, it could be that the investment they wanna is too risky so what is needed is to narrow down their desire for profits in that investment and go with as little as they could afford to lost while doing their investment, that is why it is important to determines whether that investment is suitable for them or not, or can they afford to lose that amount they going to invest in that particular project or not and, or they do they have enough spare cash to keep sustaining them while the investment keeps growing or not. All these are things to factor out before jumping into investment/trading.

[debra]

Bitcoin touched 92K yesterday, but it recovered pretty fast. If Bitcoin were too expensive, people wouldn't buy at this point. Of course, some people think it is too high to buy Bitcoin, and I do agree with that. But you never know what is going to happen in the future. If someone want to buy Bitcoin to hold it for a long time, they should start accumulating regardless of it's price.

It already recovered to $99k but it dropped again to $97k now. People may buy again during this big dump. But be careful that Bitcoin can drop more. When Bitcoin is above $100k, we can't blame people who said Bitcoin is expensive. Sure, during the bullrun season, the price of Bitcoin will be quite expensive. If we want to buy at cheap price, we can wait for the bearish season.

This is what I have been suggesting people when they ask if it is the right time to buy Bitcoin.

I never suggest people to buy more now. I am afraid that Bitcoin can drop again. You must know that Bitcoin is possible to drop below $90k in the near future.

[philipma1957]

Bitcoin touched 92K yesterday, but it recovered pretty fast. If Bitcoin were too expensive, people wouldn't buy at this point. Of course, some people think it is too high to buy Bitcoin, and I do agree with that. But you never know what is going to happen in the future. If someone want to buy Bitcoin to hold it for a long time, they should start accumulating regardless of it's price.

It already recovered to $99k but it dropped again to $97k now. People may buy again during this big dump. But be careful that Bitcoin can drop more. When Bitcoin is above $100k, we can't blame people who said Bitcoin is expensive. Sure, during the bullrun season, the price of Bitcoin will be quite expensive. If we want to buy at cheap price, we can wait for the bearish season.

This is what I have been suggesting people when they ask if it is the right time to buy Bitcoin.

I never suggest people to buy more now. I am afraid that Bitcoin can drop again. You must know that Bitcoin is possible to drop below $90k in the near future.

Wait for the bears to come round to get a bargain.

As if we know they will come around like clockwork.  We do not know that at all.

To not accumulate now is possibly really freaking stupid.

Or of course really smart if they do show and btc drops to 60 or 70 even 50k.


Or be like jjg and dca my dca gets bigger as I type not that much bigger but bigger.

[doc]

Any trader who aren't sure of themselves should only go within their means, it could be that the investment they wanna is too risky so what is needed is to narrow down their desire for profits in that investment and go with as little as they could afford to lost while doing their investment, that is why it is important to determines whether that investment is suitable for them or not, or can they afford to lose that amount they going to invest in that particular project or not and, or they do they have enough spare cash to keep sustaining them while the investment keeps growing or not. All these are things to factor out before jumping into investment/trading.

In trading we must have confidence in getting profit, if you have doubts in trading you should choose to be a holder. because trading is a short-term investment that requires proper analysis and strategy to minimize risk and maximize short-term profits.

[SmartGold01]

Snip

In trading we must have confidence in getting profit, if you have doubts in trading you should choose to be a holder. because trading is a short-term investment that requires proper analysis and strategy to minimize risk and maximize short-term profits.

This analysis comes with proper knowledge and without proper knowledge they can't do any analysis, and yes I know that trading is short term but at first they must understand their knowledge or capabilities towards trading before they go into it. Trading is also very risky when the trader doesn't know what they are doing because if they don't do their analysis properly then lose is inevitable to come.

[doc]

Snip

In trading we must have confidence in getting profit, if you have doubts in trading you should choose to be a holder. because trading is a short-term investment that requires proper analysis and strategy to minimize risk and maximize short-term profits.

This analysis comes with proper knowledge and without proper knowledge they can't do any analysis, and yes I know that trading is short term but at first they must understand their knowledge or capabilities towards trading before they go into it. Trading is also very risky when the trader doesn't know what they are doing because if they don't do their analysis properly then lose is inevitable to come.

agreed knowledge is very important, because without knowledge we cannot make the right analysis. that's why for newbies it is recommended to seek knowledge first, learn all things related to trading in order to make analysis and develop strategies properly. After having knowledge they can start practicing to have good skills in making analysis and developing strategies and reading the possibilities that will occur.

[yohananaomi]

Snip

In trading we must have confidence in getting profit, if you have doubts in trading you should choose to be a holder. because trading is a short-term investment that requires proper analysis and strategy to minimize risk and maximize short-term profits.

This analysis comes with proper knowledge and without proper knowledge they can't do any analysis, and yes I know that trading is short term but at first they must understand their knowledge or capabilities towards trading before they go into it. Trading is also very risky when the trader doesn't know what they are doing because if they don't do their analysis properly then lose is inevitable to come.

agreed knowledge is very important, because without knowledge we cannot make the right analysis. that's why for newbies it is recommended to seek knowledge first, learn all things related to trading in order to make analysis and develop strategies properly. After having knowledge they can start practicing to have good skills in making analysis and developing strategies and reading the possibilities that will occur.

Knowledge is clearly very important in carrying out whatever we do, especially with crypto, where it is very prone to making mistakes that occur due to lack of understanding. With the knowledge we get from every lesson we do, we will be able to provide the best action if we are going to use it.
It must be remembered that in crypto there are many ways and references that we must do and learn well before we really get into it.
Not easy, but it must be done if we don't want to lose the funds that we will place in crypto.