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Author Topic: Bitcoin still unaffordable  (Read 345 times)
Roidz92
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February 16, 2018, 10:54:13 PM
 #21

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.
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February 16, 2018, 11:20:33 PM
 #22

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.

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ellabanana
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February 16, 2018, 11:23:38 PM
 #23

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.

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February 16, 2018, 11:25:28 PM
 #24

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.
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.

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Alert31
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February 16, 2018, 11:31:35 PM
 #25

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.

         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.

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BitHodler
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February 16, 2018, 11:38:28 PM
 #26

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.......

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February 16, 2018, 11:41:10 PM
 #27

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.

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February 16, 2018, 11:43:55 PM
 #28

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.
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.
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February 16, 2018, 11:54:42 PM
 #29

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.
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.

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February 16, 2018, 11:59:34 PM
 #30

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.
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February 17, 2018, 12:05:15 AM
 #31

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
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February 17, 2018, 12:12:28 AM
 #32

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.

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February 17, 2018, 12:14:34 AM
 #33

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 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.

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February 17, 2018, 12:28:45 AM
 #34

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.

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February 17, 2018, 12:29:55 AM
 #35

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.
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February 17, 2018, 12:42:40 AM
 #36

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.

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

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February 17, 2018, 12:49:16 AM
 #37

 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.
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February 17, 2018, 01:00:00 AM
 #38

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.
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February 17, 2018, 01:07:55 AM
 #39

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.

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.
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February 17, 2018, 01:10:16 AM
 #40

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.
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