Bitcoin still unaffordable

[sann111]

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.

[Rozita]

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.

[Mind Control]

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.

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.

[groundcontrol67]

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.

buying whole is a better deal.

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.

[Washball]

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.

[Potatohead]

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.

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.

[RodeoX]

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.

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

[errarhy12]

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

[Taras]

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.

[Praesidium]

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

[imapessimist]

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.

[darkangel11]

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.

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!

[papasmurph]

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.

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. 

[CryptoBeefy]

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

[flippener]

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/

[dothebeats]

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.

[JuniAiko]

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.

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.

[Bob1612]

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

[darkangel11]

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.

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. 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.

[Kemarit]

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.

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.