Is Bitcoin Too Expensive For Me?

[yohananaomi]

Yes, we must be able to distinguish between what we should prioritize and what we can postpone if the situation does not allow. Of course, we must fulfill our living needs first, especially if we already have a family which is our responsibility.

After everything is fulfilled, then we can start setting aside money to invest, because the peace of investing occurs when we can fulfill our living needs.

That's true because investment can only be done if we can first fulfill the basic needs of our family and of course ourselves. And the funds for investment actually have to be funds that are cool enough so that we will not be disturbed mentally when the market moves in volatility. And investing must also be prepared for the risks. So cold money must be used. So yes, investment is important, but basic needs are more important and must be met first.

Whatever we want to invest, we must believe that the funds we use are those that are available and not for daily needs.
Because every investment will have a risk of losing the funds we invest, so it is important for us not to be afraid of that, so it is very important to use unused funds for daily needs.

[enwi]

Whatever we want to invest, we must believe that the funds we use are those that are available and not for daily needs.
Because every investment will have a risk of losing the funds we invest, so it is important for us not to be afraid of that, so it is very important to use unused funds for daily needs.

It is indeed very appropriate if we only use the funds which have been earmarked for investment. Thus, it is possible to minimise the tension or the fear that may be experienced when the value of the investment shrinks. If the money funds employed are not use for meeting fundamental needs, then one is capable of taking more well thought out measures without detriment. This leaves us in a position to mitigate risk better because we have taken a position mentally and financially for any possible outcome. Such a strategy will enable one to remain financially sound, for a long-term perspective of investment objectives to be effective.

[Uruhara]

Yes, we must be able to distinguish between what we should prioritize and what we can postpone if the situation does not allow. Of course, we must fulfill our living needs first, especially if we already have a family which is our responsibility.

After everything is fulfilled, then we can start setting aside money to invest, because the peace of investing occurs when we can fulfill our living needs.

That's true because investment can only be done if we can first fulfill the basic needs of our family and of course ourselves. And the funds for investment actually have to be funds that are cool enough so that we will not be disturbed mentally when the market moves in volatility. And investing must also be prepared for the risks. So cold money must be used. So yes, investment is important, but basic needs are more important and must be met first.

Whatever we want to invest, we must believe that the funds we use are those that are available and not for daily needs.
Because every investment will have a risk of losing the funds we invest, so it is important for us not to be afraid of that, so it is very important to use unused funds for daily needs.

Yes, that's right. And that's what I mean too. Because if we use funds that are actually needed for daily needs, it will only make us uneasy about the investments we make. and can result in selling even though you are in a loss position. But if the money we use is really money that won't be used in the near future then that can make us calm when using it for investment.

[fruktik]

I agree that investing is good when we can sustain the steady flow of funds toward it, as well as not to convert the funds in the process into the fiat because we have a need to do so.

That way - it may help a person in the long run, that's why we need to think about it carefully and use the funds that we won't need here and now.

It's good to talk about investments when you don't think about force majeure circumstances. And they can come at the most inopportune time for this. Well, how can you not use investment money if your main income is not enough? There is no other choice. How nice it is when you can calmly put money aside in life and not worry about anything. But alas, everything happens differently and we have no power over it.

[yohananaomi]

I agree that investing is good when we can sustain the steady flow of funds toward it, as well as not to convert the funds in the process into the fiat because we have a need to do so.

That way - it may help a person in the long run, that's why we need to think about it carefully and use the funds that we won't need here and now.

It's good to talk about investments when you don't think about force majeure circumstances. And they can come at the most inopportune time for this. Well, how can you not use investment money if your main income is not enough? There is no other choice. How nice it is when you can calmly put money aside in life and not worry about anything. But alas, everything happens differently and we have no power over it.

It is indeed highly recommended to invest using funds that are not used, so as to avoid that our investment will be used because the main income is not enough as you said, of course in the end the investment must be released and it is very bad especially when the price is falling.
There is no other word, every investment we make is because we have extra funds and has nothing to do with daily needs so it will be safe to make the investment.

[enwi]

It is indeed highly recommended to invest using funds that are not used, so as to avoid that our investment will be used because the main income is not enough as you said, of course in the end the investment must be released and it is very bad especially when the price is falling.
There is no other word, every investment we make is because we have extra funds and has nothing to do with daily needs so it will be safe to make the investment.

It is good advice to keep the money for investments and the money for the everyday needs as separate. That way ,you’ll not be stressed when the investment that you made does not yield the expected fruits especially when the market is flooding in the opposite direction. As it is not active in your everyday life you are able to have more control of the money you invest without having to worry about pressure in case the money is from your day to day activities. That is why the use of only reserve funds for investments also prevents the main money from being more exposed to loss, even though it may not bring lucrative outcomes in some cases. It is a good way to deal with risk without undermining more paramount life imperative that need to be met.

[koang]

I agree that investing is good when we can sustain the steady flow of funds toward it, as well as not to convert the funds in the process into the fiat because we have a need to do so.

That way - it may help a person in the long run, that's why we need to think about it carefully and use the funds that we won't need here and now.

It's good to talk about investments when you don't think about force majeure circumstances. And they can come at the most inopportune time for this. Well, how can you not use investment money if your main income is not enough? There is no other choice. How nice it is when you can calmly put money aside in life and not worry about anything. But alas, everything happens differently and we have no power over it.

If we are starting off our investment Journey. Invest in an emergency fund and Unit trusts are the best. Unit Trust is far better. It creates that cash availability.

"It’s more important to ensure survival under negative outcomes than it is to guarantee maximum returns under favorable ones."

So, crypto investment isn’t for everyone. Airdrop, Traders, DeFi all have different role to play.
As we interacting with protocols, taking trades and even farming Airdrop, see these as side gig take enough time to build personal brand, learn and connect. Investment in the upgrade skill is the best for everyone. IMO

[$crypto$]

Regret is definitely there, but it will not change the situation, so as I said before we should not regret it continuously, because it will not make us be in the past when we were "easy" to get bitcoin.

Instead we have to take advantage of every opportunity that exists, moreover the opportunity will always be there, and we even have other options where we have altcoins to be used which are also cheaper in price.

If you dwell on regret for too much time, you just miss more and miss more. I guess that the world of cryptocurrencies is somewhat in constant development and transition and you don’t have to permanently possess any particular option. There are several things that almost everybody knows about this virtual currency, but the fact that it is high now does not mean that you do not have other choices. There are many items that are capable of growing in the long-term if only people employ hard work and time to it. People do not always get chances in the same way, but if you do not close the door for them and do not stay angry thinking about what happened before, you can participate in the development processes. It is not necessary to be the pioneer, just be the one who is able to continue when others are out of energy.

Well that's it, when we regret and linger in regret, then what happens is we will lose another opportunity, in other words we make the same mistake because of regret.

Let bygones be bygones, let it be a lesson that we can take wisdom from for the future. People who can be like that, I am sure will be better people in the future and will be better able to take advantage of the situation.

[alltalk]

Yes, that's right. And that's what I mean too. Because if we use funds that are actually needed for daily needs, it will only make us uneasy about the investments we make. and can result in selling even though you are in a loss position. But if the money we use is really money that won't be used in the near future then that can make us calm when using it for investment.

Using the money for main necessities for investment isn't a wise decision. We know that there is no guarantee for profits and we may need to hold for years to gain proper profits. So, the money used for investment should be free money, it means the money that we won't use for anything (especially for basic needs). There will be too big pressure if we use the money for basic needs because we are not ready to lose it. And we are probably also in hurry to take profits since we need to get back the money for the daily needs. This is unsafe, we need to avoid using that money.

[Igebotz]

Using the money for main necessities for investment isn't a wise decision. We know that there is no guarantee for profits and we may need to hold for years to gain proper profits. So, the money used for investment should be free money, it means the money that we won't use for anything (especially for basic needs). There will be too big pressure if we use the money for basic needs because we are not ready to lose it. And we are probably also in hurry to take profits since we need to get back the money for the daily needs. This is unsafe, we need to avoid using that money.

In as much as we're promoting Bitcoin to our friends , family and colleagues, we must also educate them on basic investment plan, strategy, risk management and awareness. Alot of folks get into Bitcoin without proper investment planning.

Investing house, food and essentials needs funds into Bitcoin will also be a bad investment to me.

[bayu7adi]

Investing house, food and essentials needs funds into Bitcoin will also be a bad investment to me.

Not a bad choice, just not wise... because our main problem is spare money, as long as we can hold the need for a longer period, of course Bitcoin is not a bad choice... for example, our main needs are just a house, food, clothes and a vehicle... all of that does not need to be luxurious, as long as it can run and can be used well... if it is too luxurious, then I can say selling it and downgrading to buy BTC is not a bad choice...

https://news.bitcoin.com/this-man-sold-his-house-for-bitcoin-in-2017-now-he-can-buy-25-homes/

Someone even dared to sell his house for 100 BTC... and now he can buy his house again with only 4 BTC... his decision was very brave, and I am sure many people consider it unwise because he took too big a risk... the important point is that it is not money from debt... so when something bad happens, he does not have to pay any bills, but he loses his house.

[gunhell16]

Yes, we must be able to distinguish between what we should prioritize and what we can postpone if the situation does not allow. Of course, we must fulfill our living needs first, especially if we already have a family which is our responsibility.

After everything is fulfilled, then we can start setting aside money to invest, because the peace of investing occurs when we can fulfill our living needs.

That's true because investment can only be done if we can first fulfill the basic needs of our family and of course ourselves. And the funds for investment actually have to be funds that are cool enough so that we will not be disturbed mentally when the market moves in volatility. And investing must also be prepared for the risks. So cold money must be used. So yes, investment is important, but basic needs are more important and must be met first.

Whatever we want to invest, we must believe that the funds we use are those that are available and not for daily needs.
Because every investment will have a risk of losing the funds we invest, so it is important for us not to be afraid of that, so it is very important to use unused funds for daily needs.

That's right, we should not invest in an opportunity that the fund we use will affect the allocation. It's just right that the capital we use for investment is really allocated for investment. All the uses of our money should be organized.

Proper management is really needed when talking about money. So if we invest in bitcoin even if it's just a small sum at least we do dca for it.
It's not mandatory that we buy 1 bitcoin to have bitcoin. That's why this is one of the beauties of bitcoin.

[Blaze]

That's right, we should not invest in an opportunity that the fund we use will affect the allocation. It's just right that the capital we use for investment is really allocated for investment. All the uses of our money should be organized.

Proper management is really needed when talking about money. So if we invest in bitcoin even if it's just a small sum at least we do dca for it.
It's not mandatory that we buy 1 bitcoin to have bitcoin. That's why this is one of the beauties of bitcoin.

That is why the decision on investments should always meet our financial capacities, that is, the available funds. It is not wrong to start with a small quantity many especially if the asset being bought can be bought in parts, such as bitcoins. This makes it easy for most people to take a part in the crypto market without needing to have more money. By so doing, we are able to minimise the effects of short term value shocks since the investment is always made on fixed amounts. Though, what is of more importance is the aspect f finance, more so to ensure that funds used for investment do not hinder day to day activities. Thus, we are still able to avoid such risks in our monetary affairs as much as possible.

[Celsius]

Bitcoin is definitely expensive for me, especially since I have no other source of income, so it's impossible for me to budget for Bitcoin. After paying my monthly salary and paying my family and personal expenses, I have nothing left to invest in Bitcoin. So Bitcoin has become expensive for me.

[BitMaxz]

Bitcoin is definitely expensive for me, especially since I have no other source of income, so it's impossible for me to budget for Bitcoin. After paying my monthly salary and paying my family and personal expenses, I have nothing left to invest in Bitcoin. So Bitcoin has become expensive for me.

I don't think it's expensive. Do you think if the price keeps surging, it will never be cheap so if you wait for more years, you will never be able to see a cheaper price below $80k, and it might stay in the $100k zone?

If your monthly salary wasn't enough because of expenses, that is not the reason why Bitcoin is expensive; the reason is you don't have a budget to buy Bitcoin.

Why not look for extras like joining campaigns or bounties, or you can join in some contests like price prediction and get rewarded? There are many out there, so don't lose hope.