Is Bitcoin price a deciding factor for new/old investors?

[KingsDen]

The only cryptocurrency that was invented with the purpose of actually being a cryptocurrency is Bitcoin, all the others exist only to make their owners rich - show me one of them that did something similar to Satoshi?

No coin owner or a project owner can do what Satoshi did for free without aiming to be the richest man in the world. According to you, all other cryptocurrency exists because bitcoin has opened the way. But yet, not many or any wants to toe the lane of bitcoin but they are tilted towards personal enrichment.

[SamReomo]

No coin owner or a project owner can do what Satoshi did for free without aiming to be the richest man in the world. According to you, all other cryptocurrency exists because bitcoin has opened the way. But yet, not many or any wants to toe the lane of bitcoin but they are tilted towards personal enrichment.

Yes, that's very true, no developer of a coin can be like Satoshi Nakamoto because he created Bitcoin to show his support of decentralization and wasn't interested to get rich because of Bitcoin. It was basically a vision and now it's the most successful and backbone project of the crypto world.

Rest of the developers created their own coins because they wanted to be rich or to gain more recognition by public so they can be famous but Satoshi never shown any details about himself because he created Bitcoin with hope that someday decentralization lovers can trade goods without any interference from centralized authorities.

[Captain Corporate]

This has to be something that is quite important for a lot of new investors but definitely not for old investors. You have to realize that this is something that takes a good bit of time and because of that I do not think that it is going to be easy to figure all of this out right away. I mean its clear that we are going to see something changing, and because of that I believe that it is going to be hard to handle all of this as well. In the end, if we are talking about new investors, they are only getting in with FOMO and its very rare for a new investor to have DCA and long term in mind when they are first starting out.

[Zed0X]

Most of the newbies still don't understand the dominance of BTC in the market or they grossly underestimate it. If they can see a lot of altcoins that are under $1, it's not a surprise that a lot of them will most likely view BTC as expensive. It's usually the faster horse that attracts them and this was even more highlighted during the massive pumps of various memecoins and NFTs. Who needs bitcoin when a token could literally fly 100x in a short time right?

For the poll, if $2,500 is all I got to invest at this time, I'd rather split it with $2K for BTC and $500 on two low cap altcoins.

[|MINER|]

Yes, I believe that majority of us belong to a class where DCA is the only way to accumulate a Bitcoin. As a trader I monitor the market on daily basis almost and that's why I can surely say that DCA works pretty well and one can even earn profits by selling some Bitcoin when it reaches peaks in the charts and when it goes down he/she can accumulate more of it with the money.

I liked the DCA strategy for making investment because it doesn't need much knowledge you have know the basic knowledge to buy bitcoin and hold that amount.
And there is another big reason is to hold bitcoin by dca because we can mange the risk factor by this. And I am sure that most of the holder who know once the positive sites of the dca those will catch this instead of the day trading.

[ZAINmalik75]

I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.

Its funny to see that people choose a coin on the basis of more numbers. With $2500 they can get a lot of memecoin choose any and they will only get 0.04 Satoshi with this amount. What will they choose memecoin or BTC? The decision should not be hard because caring about numbers only is not a good factor.

We should utilize methods to minimize risk and maximize profit. At start, I also thought more crypto tokens were better than having fewer but with time when I realized the token in numbers doesn't matter but token price matters. If a token is lesser volatile the profit and loss will be lower and if a token is highly volatile like BTC in the long run then we can make high profit in the long run.

[Lucius]

Most of the newbies still don't understand the dominance of BTC in the market or they grossly underestimate it. If they can see a lot of altcoins that are under $1, it's not a surprise that a lot of them will most likely view BTC as expensive. It's usually the faster horse that attracts them and this was even more highlighted during the massive pumps of various memecoins and NFTs. Who needs bitcoin when a token could literally fly 100x in a short time right?

Those who look at the price of 1 BTC will always at first think that $60k is too expensive, and when you tell them that they can buy for a few tens of $, then they are very quickly disappointed with the amount they get for it. Most see this whole cryptocurrency thing as a way to get rich overnight, but all those social media stories about how someone made millions from $100 are just part of the strategy of those who invent new altcoins.

For the poll, if $2,500 is all I got to invest at this time, I'd rather split it with $2K for BTC and $500 on two low cap altcoins.

It makes sense, you can always hope that at least one of those two altcoins will pump x100 at some point - and even if that doesn't happen, you'll probably make up that $500 when the price of BTC only goes up 25%

No coin owner or a project owner can do what Satoshi did for free without aiming to be the richest man in the world. According to you, all other cryptocurrency exists because bitcoin has opened the way. But yet, not many or any wants to toe the lane of bitcoin but they are tilted towards personal enrichment.

BTC was the first, and what everyone else wanted with their projects, let everyone decide for themselves. I'm not saying that they all went in the direction of personal profit, but many projects that were created after Bitcoin have long since failed, and in 5-10 years, very likely 90% of all crypto projects that exist today will not exist or will not be relevant at all.

[Faisal2202]

I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.

I can see by the result of voting that most of the people are interested in buying BTC because in the long run, we know it will give us more than 5x and that's for sure I mean the risk is way lower in BTC than ALTs because alts pose the threat of rug pull and going down to zero due to the mistakes of the team.

Because not every project has a good team behind it. So if I am getting 0.04 BTC and the amount is not needed like for day-to-day expenses, then I will surely prefer to buy BTC instead of any alts, but if my mind keeps telling me to take some risk because risk brings more gains (also more loss as well) then I will invest half in BTC and half in an alt which I think can make me more money in shorter time. As I missed such opportunities lately that's why I might prefer alts as well.

[|MINER|]

Yes, I believe that majority of us belong to a class where DCA is the only way to accumulate a Bitcoin. As a trader I monitor the market on daily basis almost and that's why I can surely say that DCA works pretty well and one can even earn profits by selling some Bitcoin when it reaches peaks in the charts and when it goes down he/she can accumulate more of it with the money.

I won't majority peoples belong us who are belong to do DCA method but I will say the people who are trusting in the DCA strategy those are the people are experienced in crypto and know that DCA is the best method to make guaranteed profit in long-run. I have tried the short term and do some time short term trading but the loss in short trading is high against the  long-term trading and about the DCA I don't have loss right now.

[rizqillah]

Yes, I believe that majority of us belong to a class where DCA is the only way to accumulate a Bitcoin. As a trader I monitor the market on daily basis almost and that's why I can surely say that DCA works pretty well and one can even earn profits by selling some Bitcoin when it reaches peaks in the charts and when it goes down he/she can accumulate more of it with the money.

I won't majority peoples belong us who are belong to do DCA method but I will say the people who are trusting in the DCA strategy those are the people are experienced in crypto and know that DCA is the best method to make guaranteed profit in long-run. I have tried the short term and do some time short term trading but the loss in short trading is high against the  long-term trading and about the DCA I don't have loss right now.

Agree with you, DCA is the best method we can do to gradually increase our crypto assets. Because not everyone has a large capital for investment, we can get money from trading or oin bounty and do DCA to increase our coin collection.

[kai]

....

Bitcoin has an expensive price now and I make sure to choose Bitcoin with a capital of $ 2500 but if I want to immediately double my capital I can choose other altcoins such as Fantom, for example:

-Bitcoin 0.04 = $ 2500 (rate $ 63,000)
-Fantom 1500 = $ 2500 (rate $ 0.5)

Bitcoin if you want to double it must touch the price of $ 126,000 (so much expensive). Fantom if you want to double it must touch the price of $ 1 (this normal price).
This calculation may not be standard but Bitcoin has the trust as a crypto currency that must be owned, while Fantom is an altcoin that can Pump at any time and can also Dump or Fantom can also become a Dead coin.

[Lucius]

Because not every project has a good team behind it. So if I am getting 0.04 BTC and the amount is not needed like for day-to-day expenses, then I will surely prefer to buy BTC instead of any alts, but if my mind keeps telling me to take some risk because risk brings more gains (also more loss as well) then I will invest half in BTC and half in an alt which I think can make me more money in shorter time. As I missed such opportunities lately that's why I might prefer alts as well.

~snip~
Bitcoin if you want to double it must touch the price of $ 126,000 (so much expensive). Fantom if you want to double it must touch the price of $ 1 (this normal price).

In other words, if you are going to be safe, you will choose BTC, and if you want to gamble, then you will choose altcoins. Investing in them in the long term makes little sense and is a really big gamble, in the short term it makes sense if you know when it's time to exit.

[Rikafip]

In other words, if you are going to be safe, you will choose BTC, and if you want to gamble, then you will choose altcoins.

Even though investing in bitcoin is way less risky than investing in altcoins, I don't think that people should look at investing in bitcoin as being safe. There is always a chance of something bad happening to bitcoin that can affect the price greatly (some kind of exploit, governments going hard against it etc) and people should be aware of it.

Having said that, I do have vast majority of my savings in bitcoin and I keep getting more. 

[JISAN]

I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.

Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.

I knew too little  about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.

In fact at that time it was not predicted that the price of Bitcoin would be so expensive. $1k was a huge amount at that time so it was also very expensive in the context of that time.  So there is no point in blaming ourselves for this. Financial conditions prevent us from buying and holding large amounts of Bitcoin at that time those who are financially strong are still able to buy whole bitcoins. Being middle class we always miss out on various opportunities. That's why the rich always stay rich and the poor stay poor. It is a cycle of the whole world

[nakmantu99]

I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.

Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.

I knew too little  about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.

In fact at that time it was not predicted that the price of Bitcoin would be so expensive. $1k was a huge amount at that time so it was also very expensive in the context of that time.  So there is no point in blaming ourselves for this. Financial conditions prevent us from buying and holding large amounts of Bitcoin at that time those who are financially strong are still able to buy whole bitcoins. Being middle class we always miss out on various opportunities. That's why the rich always stay rich and the poor stay poor. It is a cycle of the whole world

I like your opinion, the rich will always be rich and the poor will always be poor because they have worries and do not have the luck like the rich who dared to take the decision at that time by buying bitcoin at $ 1 and holding it. If we had money and luck, maybe we would have bought bitcoin at that time, unfortunately we did not and we remain middle class