Bitcoin Forum

If the price goes back down again to around $4000-6000, people will be able to buy whole bitcoin, I know people can buy fraction of bitcoin, but buying whole is a better deal.

Why do you think a whole bitcoin is better?
What is important is the value of your investment in dollar.
And there are still many people can buy a whole bitcoin at the current price and even if the price drops to 1000 dollar, there will be still many people cannot afford to buy 1 bitcoin.

If you are planning on waiting for the price to go deeper, then I wish you luck.

It should not be seen as the affordability of Bitcoin but rather how much you can afford. That's the main purpose of Bitcoin's divisibility. If you'll wait when the price is leveled to the amount you can afford to buy whole then you might end up losing numerous opportunity of buying. We'll never know if ever Bitcoin will reach as low as the price you wish. So the best thing is to buy whenever you have some spare fiat to spend.

Where does the figure of $4k-$6k come from? For many across the world that would still be a large investment. In fact I think the majority of the world's population would not invest that much.


This is completely not true, the only difference is psychological. It does not matter if you buy 0.01 btc at a price of 100k or 1btc at a price of 1k. The gains are measured in the percentage growth.

Of course more people can buy a whole bitcoin if the price goes to 4K. And you know you can also buy just a part. However, the bigger you bet, the bigger you win.
The volatility is what makes bitcoin profitable, as long as the price goes up, you make earnings. It's not a matter of buying a whole bitcoin or just a part.

Well, if you're looking for an affordable bitcoin you are already late. Bitcoin was very affordable way back 2013, and a lot of people was hesitant and even thought that bitcoin was just a bubble or a scam. A lot of people jumped in when bitcoin started taking it's ride to the moon, since then, bitcoin price became really expensive. A lot of people who invested early already earned a lot.

Huh? Why does the amount matter? It is a completely arbitrary value. Like counting gold in ounces. An ounce really means nothing.

I think it's impossible fall to 4k because we got correction well.

What about the various sub-units of bitcoin that we've worked to establish? $10000 is pretty expensive, but you don't need to get 1 BTC, you could get 1 mBTC ($10), or 1 satoshi (less than a cent). Saying that the price going under $6000 is a good thing because more people can "afford" that is just silly.

Well you just missed the opportunity to buy bitcoin at lower price like 2k-4k usd last year. Bitcoin price now is high but it is still affordable. You wont need to buy 1 Bitcoin, decimal/fraction will do because bitcoin still has a chance to pump up to 20k again so buy when you feel the price is low

I agree that Bitcoin is too expensive for ordinary people.  If they can only afford a small amount of money it's just not worth it just now.  If it crashed down to 2-3k then a lot of people would buy and they could at least get some profit.

You don't understand how investments work. Your gain is always proportional to your investment. If you put in $100 and the price goes up by 10%, you'll earn $10. If you put in $1000, you'll earn $100 and so on. Whether you're buying a whole coin or a fraction of it doesn't matter. Do you really believe there's a real difference between someone buying a 0.99 BTC and someone else buying 1? Their profits will be almost exactly the same, even though one of them doesn't have the whole thing!

If you have only $ 1,000 for investment, no matter what part of the BTC is that. If your investment is multiplied by x5 x10 or x100, the profit is the same in a ratio.  ;D ;D

Who knows, in 5 years you might look at the price and say what it's current price is now was very much affordable. At the end of the day, you just buy what you can afford at whatever the price if you believe long term the value will be more

I believe we've passed the lowest point, and we're on the rise from here (though erratically).

https://bitcoin-investors.co.uk/2018/02/buy-the-bitcoin-dip/

That's why most members always advice people that buy only what you can afford to lose. If you're already short on budget for your expenses, why risk your money into something that's highly speculative without any guaranteed returns in the end? Money management should still be a thing in even in low-income people. Bitcoin isn't a necessity in life; it's one's choice whether he/she will invest or not. Having said that, if it is too expensive for you, why even bother buying into it in the first place? Even at the range you've given, most people still won't be able to buy bitcoin due to the fact that they don't have spare money to invest.

You DO know that it is not necessary for an investor to own a whole number of any cryptos? (Save for NEO I guess, which functions more like a "Share" of the NEO network).
Holding 0.1234 or even 0.012353 BTC or whatever fraction of 1 BTC is perfectly normal and fine.

Also, the rock-bottom level of a massive crash have been increasing progressively. The next time it crashes, it will very likely yet again be higher than the one that occurred this time on the 6th of Feb 2018.

I think after Chinese New Year Bitcoin will grow up. The goal is about 15000 usd in March.

The number 1 does not matter! What if you went to a huge agro market and the prices there were given by a ton? You go to one guy and he's selling like 1 ton of oranges for $1000 and people would see this and say, damn, I only have $100 with me today. Those prices are too expensive for ordinary people. I won't buy anything today, fuck it! If the prices went down to 100 per ton I'd buy it all. :D Imagine how the market would look like if the world was full of cheap bastards like that.
Thankfully most people just say 100kg please because that's all I can buy today and leave happy. That's why the market is alive and kicking and you are still complaining and not buying anything, waiting for a miracle.

LOL. Having 1 bitcoin in your wallet is not a race. If you don't have big capital to begin with, then why not buy in small portions and just accumulate it overtime. What you have in mind is not correct attitude, IMHO. Very wrong. I myself started to buy in small amounts and portions and just hold on it and buy at every dips and in no time my bitcoin grew to 1 BTC. I'm sorry to tell but attitude like yours will not make you a successful investor. Let's see how it goes for you, but bitcoin will not go back to the $4000-$6000 ranges for a long long time.

Having one FULL Bitcoin is not better, this is true, but it is more psychological fact.. you can't say " i have 0.95 Bitcoin in my wallet", better to say " i have ONE Bitcoin". Is like Bitcoin at $9920 instead of $10000, full numbers are always the bests in our mind.
Talking about price, many people can't afford bitcoin also at $5000, or at $2000 or at $20000 so what's the point? Bitcoin should not be affordable, Bitcoin should be like gold: If someone has money, they buy it.

what it matters is its value and personally I would like for it to be 100k and hold just a fraction of it rather than for it to be in 10k and own a full portion of btc.

With drop of Btc's value, it's a good time to invest, it may still be expensive but better than before. Probably, for those who don't the system yet, they would be afraid to invest with it's low value recently, but for those who are business minded, they would say that it's a good time to invest. So buying 1 Bitcoin, it would be your choice. But for me, you should divide your money, buy bitcoin and other altcoins also. It will be a risk but a good investment at the same time.

Good point, we do not initially need to afford to buy one Bitcoin because in the first place we doesn't need to buy 1 Btc to start an investment. We can set it as our goal and a vision not our patent to start an investment to bitcoin. We should take Bitcoin's opportunity for us to earn and to gain profit.

         I think a lot of people still can't buy 1bitcoin even the price goes down to $4000. But they can buy only what they have in their wallet that they can also afford to lose.$4000,$6000,even more,is good for those who can afford to buy because time will come they can earn more profit. Investing is risky but if you have courage to invest it gives you huge profit.

Losers focus on what they can't accomplish, and winners focus on that what potentially makes them move forward. The amount doesn't matter at all. If you just buy any amount at current levels, you're good to go.

In other words, regardless of the amount, the percentage gains will be the same. If you keep forcing yourself to achieve something that isn't meant for you at this point in time, you're limiting yourself without even realizing it.

If you stop with thinking about things that don't matter, and focus on that what does matter, you probably would have done way better in accumulating more coins till today than is the case right now.......

yes, I hope bitcoin will drop to the point $ 4000 / $ 6000, then I will buy some bitcoin and ETH.

but I also doubt the bitcoin will go down again, because the end of february and march bitcoin will get support, so its value will continue to rise and high.

What you mean is even if the value was down it's still unaffordable.Bitcoin is affordable but exactly not all of us can buy that one but the best definition on describe bitcoin is not unaffordable but I would say a precious one and unbelievable value price that exist in cryptoworld.

No matter what is the value of bitcoin, if bitcoin down at that price and then if you purchase bitcoin either the whole or in fraction bitcoin or how many bitcoin you wanted that is still affordable i you want to buy. As long as if you sell your bitcoin and the profit was there, even you buy a 1 satoshi then if you sell you have a profit the that's be better, that's not matter how many you purchased as long as you have a profit.
But yeah much better buying the whole bitcoin compared to fraction the more bitcoin you purchased the profit you have.

There is no need to buy entire Bitcoins, it is possible to buy also only fractions of BTC. I realize that psychologically it gives more satisfaction to buy entire unities of a coin, but economically it makes no difference. It is like you cannot afford an entire kg of hold and so you take only some grams.

I know buying the whole coin is better but when you can't afford then buy fraction, when you still can make profit I think it doesn't matter whether you buy fraction or whole coin, bitcoin already got a huge support the price wont fall too low, and now its rising, I think now  is the best time to buy, the chances of making profit still wide open

Bitcoin is affordable. It is common misunderstanding that you have to buy at least 1 Bitcoin. Bitcoin is dividable up to 8 points so I guess we won't have to worry about it for a longer period of time. Some people proposed increasing the amount of bitcoins but it has no sense. Just use another unit on your wallet. I also thought at the beginning that you have to buy at least one but my friend quickly helped me to understand why I was wrong.

If you rush on buying the whole bitcoin then it is not bad at all. But it would broke your daily needs and could possibly hard to do. If you want to buy a whole bitcoin yet you dont have tge money, then it is better to buy a fraction in a consistent basis and approach a whole in a matter of time. In that way, your daily expenses will not ba compromised.

At what price range would you consider bitcoin as affordable? Even at $5,000, it still is too expensive for Third World Country citizens. When it was below $1,000, few people are buying 1 whole bitcoin. You might not have the chance to invest if you want to your minimum requirement is 1 bitcoin.

Currently bitcoin prices are still very expensive, if for me to buy the whole will be difficult. I'd better try buying another altcoin with better price-increasing graphs like ETH and BTG. This is just my thinking, sorry if something wrong.

Yes. That is what we call as market forces. No need for marketing for it is too enticing to buy.

 If you'll wait when the price is leveled to the amount you can afford to buy whole then you might end up losing numerous opportunity of buying. We'll never know if ever Bitcoin will reach as low as the price you wish. So the best thing is to buy whenever you have some spare fiat to spend.It should not be seen as the affordability of Bitcoin but rather how much you can afford. That's the main purpose of Bitcoin's divisibility.

LOL though I don't agree with the "buy a whole bitcoin" thing, I do think the current price of bitcoin and every altcoin is way too overpriced.

Why should I buy, use or hold bitcoin if transaction takes 1 whole day to clear, with up to a few hundred dollars of fee, at a volatile price manipulated by a bunch of whales, and network totally centralized in a cartel of 3 mining pools mainly controlled by 1 company？ And worst of all the only way I can get bitcoin is buying it (or selling my labor for) directly or indirectly from these mining cartels, at a ridiculously overpriced rate, and not to mention the endless cryptocurrency scams popping up every minute which I must constantly watch out?

It's a collected hallucination.

nope price won't return to 4k to 6k $ or time won't return to the year bitcoin price is low. if you can't afford bitcoin then work hard and earn money then buy. if you really can't afford buying it despite working hard then just buy what you can afford. you can buy portion by portion until you can have a whole bitcoin.

I don't see anything wrong with buying portions, of course buying 1 bitcoin for a lower price is a better deal.
You know who got a great deal? Those people who mined hundreds or thousands of btc in a few hours, or people who paid a cent for a bitcoin, but we will never go there no more either.

Buying bitcoin now is still really expensive. Buying whole one is hard so people just buy fraction of it. If the price will decrease to 2.000$ then we can buy whole bitcoin again. This time, it is better to invest in altcoins because they are affordable then kater you can trade them for bitcoin.

in my opinion bitcoin is back to normal price although the movement is quite slow, but it is a good news. I am sure within the next few days bitcoin will recover as before when it has not decreased.

For me even bitcoin is dropped its value is not yet affordable by anyone who are in average level in their financial aspect even we say that they have saved almost 20$ is not yet enough to afford. Bitcoin is most not affordable when it hits its value in a peak or Maximum value so we must have a huge savings if we really wanted to have bitcoin in our account.

You are very right. The capital is the first step in gaining a huge amount of profit. But, I think its price will not drop again since the pumping has already began. My period of prediction for this event that bitcoin will be less than 5000 USD is in every January.

Well it's your own choice to buy one whole bitcoin but if you are waiting for the price to go down as what you mentioned so that you can afford it then that time may not come. The last dip around $6,000 maybe the lowest price you could have bought it ever. If ever the price would reach $4,000 then there are still so many people who cannot afford it or those who can afford but are not willing to buy it at that price because they are waiting for it to go lower in which case they miss the chance to buy at a lower price. If you wanted to invest in bitcoin for the long term then you should just buy what you can afford whatever its price and it doesn't matter how many it is as long as you are willing to let go of the money in case something unfavorable happens.

why need to force your self to buy who bitcoin when you can even buy half of i?get what you funds can and start earning now.dont wait for that low price because thats will never happen

The BTC being unaffordable to some or even most members of society, is both a reflection of how dynamic and somewhat successful it is. As it is true that when more people would have it, the value would be affected and could decrease. Although it is dynamic in nature, the market it has, and it in itself transformed or evolved into an almost self-sustaining system, which means it already has a cycle. It is also noted, that although many cannot afford it, several ways exists that would allow a person to acquire it. A perfect scenario depicting the latter would be, a person who, at a particular moment, have insufficient money to purchase 1 whole BTC, but has sufficient money to start mining. The volatility of the market it is in, also adds up to it, being dynamic, as prices suddenly go down in an instant, for a short period of time, this would then allow many who have little funds or budget acquire the "item", and would allow holders to release, and those who understand the risks hold on to the "item", and wait for the prices to go up. If a person who has a serious intention of acquiring and making money out of the BTC trade, but has no money, then other means exists. To conclude, the BTC being unaffordable to some or many, is an indirect evidence that it has potential. Thus, it is a fact that not many can buy a whole BTC, but can acquire it through other means.

It is unaffordable if we don't have enough earnings but for the investors I don't think so.But somehow If we get paid for our effort in joining different compaigns.That is the start that we can tell them that bitcoin is affordable.But for now our goal is to make an income and continue joining for compaigns.

Regardless of whole or  a fraction, I don't think you cannot say which is better. Because at the end of the day it would still be on the peoples capacity to invest into bitcoin. Some can afford whole prices why some cant. But we just need to remember that no matter what size we can trade of fiat value into btc, it would still be a good investment in the long run.

I think it's your own choice to buy a whole bitcoin instead of buying bitcoin shards but if you're waiting for the price to drop to 4000 $ as you mentioned. You may be able to buy it but such a time is unlikely to come. The last one I see dip about 6,000 $ maybe for the crowd it is the lowest price you can buy it. If the price is as there say 4000 $ then still many people can not afford it with 1 BTC intact and also for those who can buy 1 BTC intact even more, still will not buy it at that price because they will wait for the price to fall more low. So then those who want to buy more BTC lose the opportunity to buy BTC for a lower price. My advice if you really want to invest in long-term bitcoin then you should buy it with what you can afford even at any price as long as you are willing to release your money if something unfortunate happens and so forth.

What's the connection or your title "Bitcoin still unaffordable"? You said that people can buy into fractions and there's nothing wrong with it. I know that others can't avail the whole thing but that's how bitcoin is giving us a big opportunity that while it was on the dip you can now keep on buying. And for those people who are very negative with bitcoin, don't say that its unaffordable, the question is when you'll buy? When the price is already $20,000 --->/ $50,000?