Is Bitcoin Too Expensive For Me?

[dave_strider]

currently it is just a correction and the price is likely to go up again, and I agree with you now is the best time to buy and hold.
many predictions say that this year's bullish market has not reached what many people are targeting. and we are still optimistic that bitcoin's ATH will reach more than $130k this year. and that is my bitcoin sell target.

I too hold that believe.

Liquidity should pour back in eventually, and we should seize the opportunity while it lasts.

[yohananaomi]

I've been thinking a lot about how putting cash into bitcoin and altcoins could work out and I recking it's a decent mix if you play it right. Bitcoin's my steady guy, it's got that solid vibe and everyone knows it, while atlcoins feel like the wild cards that could shoot up fast, even if they're a bit of a rollercoaster. I'm the type who digs into stuff before I jump in, poking around online or chatting with people who get it, just to keep my head straight. I started small, you know, dipping my toes in so I could figure it out without sweating too much if things went sideways. For me, keeping my coins safe and always picking up new tricks is what's keeping me in the game.

That's great that you don't hop in right away.

Without knowledge, there is no reason to start investing in anything at all.

Actually, it all depends on the individual and not everything that has been done will produce something the same as each other.
What I agree is that experience is needed, which is always said, but experience is there who learn from the information available, but not a few tries directly, but with a small nominal value and, when successful, then it is increased to what is desired.

[doc]

I've been thinking a lot about how putting cash into bitcoin and altcoins could work out and I recking it's a decent mix if you play it right. Bitcoin's my steady guy, it's got that solid vibe and everyone knows it, while atlcoins feel like the wild cards that could shoot up fast, even if they're a bit of a rollercoaster. I'm the type who digs into stuff before I jump in, poking around online or chatting with people who get it, just to keep my head straight. I started small, you know, dipping my toes in so I could figure it out without sweating too much if things went sideways. For me, keeping my coins safe and always picking up new tricks is what's keeping me in the game.

That's great that you don't hop in right away.

Without knowledge, there is no reason to start investing in anything at all.

Actually, it all depends on the individual and not everything that has been done will produce something the same as each other.
What I agree is that experience is needed, which is always said, but experience is there who learn from the information available, but not a few tries directly, but with a small nominal value and, when successful, then it is increased to what is desired.

I prefer the second option you mentioned to gain experience by trying with a small amount and if successful increase it and if failed fix it and understand where the mistake is. I also read other people's information or experiences, but that's just to know. because the best experience is if we experience it ourselves

[enwi]

I prefer the second option you mentioned to gain experience by trying with a small amount and if successful increase it and if failed fix it and understand where the mistake is. I also read other people's information or experiences, but that's just to know. because the best experience is if we experience it ourselves

This is a good strategy that is implemented when one starts with the attempt on a small scale through which the process is controlled and the steps undertaken are not forced. Each acquired directly mastered experience is thus remembered even more, and the possibilities can be futher broadened. It enable you see what needs to be done and what has to be avoided and the durations it will take without having to be told from other people’s opinion. It frees you up to do things which you consider right in the circumstances you are subjected to. It is my opinion that every step that would be taken with an appreciation of the procedure would have higher value as a result since you are an active participant in the process and can notice shifts as and when they happen in the real world.

[yohananaomi]

I've been thinking a lot about how putting cash into bitcoin and altcoins could work out and I recking it's a decent mix if you play it right. Bitcoin's my steady guy, it's got that solid vibe and everyone knows it, while atlcoins feel like the wild cards that could shoot up fast, even if they're a bit of a rollercoaster. I'm the type who digs into stuff before I jump in, poking around online or chatting with people who get it, just to keep my head straight. I started small, you know, dipping my toes in so I could figure it out without sweating too much if things went sideways. For me, keeping my coins safe and always picking up new tricks is what's keeping me in the game.

That's great that you don't hop in right away.

Without knowledge, there is no reason to start investing in anything at all.

Actually, it all depends on the individual and not everything that has been done will produce something the same as each other.
What I agree is that experience is needed, which is always said, but experience is there who learn from the information available, but not a few tries directly, but with a small nominal value and, when successful, then it is increased to what is desired.

I prefer the second option you mentioned to gain experience by trying with a small amount and if successful increase it and if failed fix it and understand where the mistake is. I also read other people's information or experiences, but that's just to know. because the best experience is if we experience it ourselves

Everything should indeed be adjusted to the abilities obtained and everything can be equally good. Just do what is good for our abilities. Although indeed, trying directly is a very wise thing to do with the assumption that as little as we can and one day it will be improved. But if there is no ability for that, you can do it in another way according to the abilities we have, it will definitely be just as good.

[Blaze]

Everything should indeed be adjusted to the abilities obtained and everything can be equally good. Just do what is good for our abilities. Although indeed, trying directly is a very wise thing to do with the assumption that as little as we can and one day it will be improved. But if there is no ability for that, you can do it in another way according to the abilities we have, it will definitely be just as good.

Even a single step is important in the achievement process because every single step adds up to the greatest distance. Seeing an opportunity in what we find with us and so in line with what we are capable of as much as is possible at that point of time yields highly satisfying results. One should not be in a hurry to get success as the same as others do. This is because it can be more helpful to take the appropriate path when it comes to the conditions that one emanates. One must try as much as possible in the way and manners we as Africans comfortable with since that can get the needed results.

[UNIVERSE]

Everything should indeed be adjusted to the abilities obtained and everything can be equally good. Just do what is good for our abilities. Although indeed, trying directly is a very wise thing to do with the assumption that as little as we can and one day it will be improved. But if there is no ability for that, you can do it in another way according to the abilities we have, it will definitely be just as good.

Of course, we must invest or trade with the amount of money that we afford to lose. It is the way to adjust our financial capability. We don't need to force our selves too much. We must do everything with a suitable portion, we don't do something that we have no capability. If we have no knowledge about it, we are better to stay away from it. However, we can improve our ability, this can make us to have many alternatives to do in the future.

[dekafee79]

Everything should indeed be adjusted to the abilities obtained and everything can be equally good. Just do what is good for our abilities. Although indeed, trying directly is a very wise thing to do with the assumption that as little as we can and one day it will be improved. But if there is no ability for that, you can do it in another way according to the abilities we have, it will definitely be just as good.

Of course, we must invest or trade with the amount of money that we afford to lose. It is the way to adjust our financial capability. We don't need to force our selves too much. We must do everything with a suitable portion, we don't do something that we have no capability. If we have no knowledge about it, we are better to stay away from it. However, we can improve our ability, this can make us to have many alternatives to do in the future.

I agree with your suggestion, we should invest with money that we can afford to lose because it makes us calmer and more focused in trading or investing. and do not take debt to invest in crypto, because we will be faced with double risk.
Investing in crypto is quite risky, especially with the loan money that we have to return every month, this is the risk of borrowing money.

[UNIVERSE]

I agree with your suggestion, we should invest with money that we can afford to lose because it makes us calmer and more focused in trading or investing. and do not take debt to invest in crypto, because we will be faced with double risk.
Investing in crypto is quite risky, especially with the loan money that we have to return every month, this is the risk of borrowing money.

If we invest with the money we afford to lose, we won't have a complicated problem when we fail to get profits. But if we force ourselves to invest with the money of main necessities or loan money, we will have complicated problems when we can't get expected profits. Since there is no guarantee for profits, we don't use unsafe money. And to take profits in crypto investment, it sometimes takes a long time, it can be for some years.

[enwi]

I agree with your suggestion, we should invest with money that we can afford to lose because it makes us calmer and more focused in trading or investing. and do not take debt to invest in crypto, because we will be faced with double risk.
Investing in crypto is quite risky, especially with the loan money that we have to return every month, this is the risk of borrowing money.

If we invest with the money we afford to lose, we won't have a complicated problem when we fail to get profits. But if we force ourselves to invest with the money of main necessities or loan money, we will have complicated problems when we can't get expected profits. Since there is no guarantee for profits, we don't use unsafe money. And to take profits in crypto investment, it sometimes takes a long time, it can be for some years.

Yes mate, you are absolutely right to except for one thing in the world of investment, especially in volatile stock, there are no sureties. Of course everyone wants profit but the risk is tight in hand with every desire of getting a profit. Hence, it becomes easier to invest in an area that does not compromise the stability of life and this is what makes the process seem somewhat comfortable. Otherwise, if the profit is not instant, one will not feel drained emotionally and financially. Thus, it would be important to understand that investment can sometimes take a rather long period of time to fully work out. Being patient is a very defining factor if one can survive or be forced to exit the market due to financial pressures. Under such circumstances, the first actions play a significant role in forming a person’s experience in the world of investment.

[yohananaomi]

Everything should indeed be adjusted to the abilities obtained and everything can be equally good. Just do what is good for our abilities. Although indeed, trying directly is a very wise thing to do with the assumption that as little as we can and one day it will be improved. But if there is no ability for that, you can do it in another way according to the abilities we have, it will definitely be just as good.

Of course, we must invest or trade with the amount of money that we afford to lose. It is the way to adjust our financial capability. We don't need to force our selves too much. We must do everything with a suitable portion, we don't do something that we have no capability. If we have no knowledge about it, we are better to stay away from it. However, we can improve our ability, this can make us to have many alternatives to do in the future.

If all thoughts are like what you said, of course it is very good, but usually many are carried away by emotions, feeling that it will give very good results, but don't think that the chance of losing is very possible and, of course, we can't know this well if we don't analyze it first.
I also think, like you, that it's not good for us to do something we can't do, and it must be adjusted to the abilities we have so that if something we don't want to happen, we don't fall too deep and can get back up again.

[bayu7adi]

Sorry, but if the amount is very small for realistic people will choose altcoin as their investment... and for idealists, will still choose BTC even though the profit is small... well, let's assume we are humans who really need money with small capital, so the best choice is on altcoin... this applies to one-time purchases...

If it turns out that later, it is confirmed that you will receive money again... then it is better to choose BTC as a form of gradual purchase, such as DCA...Maybe you have a small allocation now, but if it is routine and continuous to buy BTC, then you will get something that accumulates into a lot in the future.

[yohananaomi]

Everything should indeed be adjusted to the abilities obtained and everything can be equally good. Just do what is good for our abilities. Although indeed, trying directly is a very wise thing to do with the assumption that as little as we can and one day it will be improved. But if there is no ability for that, you can do it in another way according to the abilities we have, it will definitely be just as good.

Of course, we must invest or trade with the amount of money that we afford to lose. It is the way to adjust our financial capability. We don't need to force our selves too much. We must do everything with a suitable portion, we don't do something that we have no capability. If we have no knowledge about it, we are better to stay away from it. However, we can improve our ability, this can make us to have many alternatives to do in the future.

I agree with your suggestion, we should invest with money that we can afford to lose because it makes us calmer and more focused in trading or investing. and do not take debt to invest in crypto, because we will be faced with double risk.
Investing in crypto is quite risky, especially with the loan money that we have to return every month, this is the risk of borrowing money.

If there is an option like you said, I very much agree with what you say. the problem if you do not have the funds as you say, and we are sure that what we will buy will contribute to our income where we should look for it?
All investments can be said to be very risky as well as Crypto, but there are solutions that can be made so that we can enjoy what we want with installment schemes or have to borrow, of course, with the ability to restore and not even be burdened.

[dave_strider]

If we invest with the money we afford to lose, we won't have a complicated problem when we fail to get profits. But if we force ourselves to invest with the money of main necessities or loan money, we will have complicated problems when we can't get expected profits. Since there is no guarantee for profits, we don't use unsafe money. And to take profits in crypto investment, it sometimes takes a long time, it can be for some years.

Definitely agree. 

We need to play it safe and work only with the funds that will be put toward a target, not the funds we would need to use in the process of our investment.

[Mr. Magkaisa]

I prefer the second option you mentioned to gain experience by trying with a small amount and if successful increase it and if failed fix it and understand where the mistake is. I also read other people's information or experiences, but that's just to know. because the best experience is if we experience it ourselves

This is a good strategy that is implemented when one starts with the attempt on a small scale through which the process is controlled and the steps undertaken are not forced. Each acquired directly mastered experience is thus remembered even more, and the possibilities can be futher broadened. It enable you see what needs to be done and what has to be avoided and the durations it will take without having to be told from other people’s opinion. It frees you up to do things which you consider right in the circumstances you are subjected to. It is my opinion that every step that would be taken with an appreciation of the procedure would have higher value as a result since you are an active participant in the process and can notice shifts as and when they happen in the real world.

       -      You know, that's the beauty of bitcoin, which we call digital gold, where anyone can buy it for any amount, as long as it doesn't go below $10,
unlike Gold and Silver, you can't buy anything for the amount you have a budget for.

So, with physical gold, DCA won't work or be possible, because with gold, you really have to buy the amount required, how much it really is,
and that's for sure not cheap, instead of expensive either.