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Author Topic: Bitcoin is Too Expensive For Me.  (Read 811 times)
cryptodude (OP)
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December 24, 2023, 04:14:12 PM
 #1

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.

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December 24, 2023, 04:20:36 PM
 #2

You think Bitcoin is too expensive, right? You don't need a whole Bitcoin! Like real estate, you buy a part that fits your budget inside a block. Buy a Bitcoin fragment with $2k. You can invest what you can afford, which is great. the sooner you invest, the better. Bitcoin increases over time, like any good investment. Simple market rule: demand raises prices. As more people use Bitcoin, its value may rise. Waiting? That means the same pie piece may cost more.


Remember that no investment, including Bitcoin, is guaranteed. But if you're looking at the future, think about it this way: Bitcoin is advanced technology, not simply currency. It's changing finance. Your $2k might unlock that future. Be cautious and never invest more than you can afford to lose.
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December 24, 2023, 04:27:52 PM
 #3

If you really wanted to invest in Bitcoin, you'd better start now because it is likely possible that in the next few years, it will be more expensive than today. You don't need to have a huge capital, $100 is enough to start. Perhaps, you can add more if you want like adding $100 weekly or monthly, depending on your capability. It depends on your way of investing, DCA is a common strategy, you can try it either.

But if you are in doubt and think I CAN'T, nothing will happen to you aside from losing the opportunity. The market will soon to bullish, can't afford to miss it, I hope to consider it and find a way to invest.



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December 24, 2023, 04:29:13 PM
 #4

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.
I believe $2k is more than enough to begin investing in Bitcoin. You really don't have to buy a full Bitcoin to make profits from Bitcoin investment, all you need is a share in Bitcoin and for that you can start with even $100.

I recommend you to follow a good strategy to accumulate Bitcoin with $2000, you should either go with weekly DCA strategy or dip buying strategy, both of them work like charm for all investors. I would suggest you to learn about Bitcoin before investing in it.

You should give some time to learn about personal wallets and how to save your private keys and seed phrases and once you learn it fully then you can purchase Bitcoin on weekly basis or by using the dip buying strategy. Remember, your own personal wallet is the best way to hold Bitcoin.

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December 24, 2023, 04:40:00 PM
 #5


You don't need to buy the whole 1 BTC, you have the option to just a fraction of it which you could buy even just worth $10 if this is the only spare amount you have. You won't even hurry to sell them when the market starts dumping after all it's just your extra money. Consolidate all your extra money in a year and you may find yourself a lot more in 2024.  The goal is to have something that you can keep in your wallet in case you need it the most. It helps you feel secure that you still have some money

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December 24, 2023, 04:49:00 PM
 #6

$2k small money?
Though, it can be a good investment for the long term if you hold it until the latest ATH is reached.

You've been on this forum long enough, and even longer than me.
Since 2013 have you been accumulating Bitcoin or just squandering its price when the price is still very cheap.

If you say that the current price is too expensive, let you see how much the last ATH has decreased.
That's about -36.70% and it's still a good opportunity to keep accumulating, doing DCA with your money, waiting for a correction to start buying.
If you're still waiting for the $10k price, that would be a dream that won't come true right now.


https://www.coingecko.com/en/watchlists/all-time-high-crypto
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December 24, 2023, 04:49:07 PM
 #7

trying to self custody bitcoin even at $100 allotments is not feasible due to the bitcoin fee..
however some people are taking the risk of just using a centralised exchange as a bank account to keep balance of sats value and not withdraw to self custody.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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December 24, 2023, 04:49:19 PM
 #8

OP, you already have what it takes to invest in bitcoin, you should buy Satoshi and not 1btc. You can even buy bitcoin for as low as $100 weekly with DCA method. This will enable you to increase your bitcoin portfolio gradually. I know what newbies think about bitcoin that they must buy one full bitcoin but that is not true. This is because bitcoin gave a opportunity for both the rich and poor to invest in.

I will advice you to use your $2k to buy bitcoin but not once, as you can share the money into two parts. You should use one part to lump sum and use the other part for DCA, where you can buy at different price and at different time  interval. Also you can set aside 10% from your monthly income for regular DCA either weekly or monthly and hodli for a long term.

You can accumulate your bitcoin in an exchange when buying with a small amount like $100 and after it has reached $300-$400, you can transfer it to your self custody wallet.

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December 24, 2023, 04:50:23 PM
 #9

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.
Seeing Bitcoin at about $44,000 doesn't mean you can't own a bit of it, it's only that you can't get to own the whole of it with that kind of an amount. It is painful that people didn't take Bitcoin seriously when it was so cheap, but now, it is becoming more difficult for ordinary people to own a full Bitcoin, but the rich. Well, as it is now, if you truly mean the investment and you are smart as well, one day, you will get to own a full Bitcoin. You will wonder how. The logic is simple. You will start by buying any amount that your money can take you now and wait for it until the full bullish potential of this current season is fully actualized. Then liquidate the position and wait until the next bearish season would be over to buy again. By then, Bitcoin would have been cheap again and would have reached a very low level again and you would have gained multiples of your initial $2,000 from the initial bull run you started the investment with.

So, you continue like that. Let's say that Bitcoin moves x3 this time, you would have about $6,000 by then. And in the next strike, you might strike it close to around $20,000 if possible. So you would use the $6,000 in the next bull run for another round of investment, and it goes on like that. Before you know it, by the time you do it two more times, you might have had a whole 1 BTC+. That is a good approach but it will take time before one can achieve it. Who cares? Once it is a long-term investment plan, it will definitely work as planned and you have nothing to lose as well once you do not immediately depend on the money.

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December 24, 2023, 04:51:04 PM
 #10

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.

It's still a good investment even at the current price. Who knows how high it can go when the bull run comes? You can buy even less than 1 whole Bitcoin. So, if you're interested in investing in Bitcoin, why not buy now? Who knows what the price will be in the next few days? My advice is to buy only a small amount like 3% of $2k per day to accumulate more Bitcoin in the long run without buying it at all at a high price. You can buy it weekly or daily if you want to lessen the risk and find a good price.
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December 24, 2023, 04:59:42 PM
 #11

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in the future that I can invest?
Why are waiting to buy a whole Bitcoin when its price is low, then you are wrong Bitcoin will never go down to $2k. You don't need to buy a whole Bitcoin as you can simply use the DCA method that will make a good profit for you. The price is high now and in the coming time, it will increase more so I. Future will not get the opportunity to buy Bitcoin. As you told me you have $2k then why you are waiting to invest it in Bitcoin because you will not get the same worth of Bitcoin in the future. So the better suggestion is to invest your money now and use the DCA method, invest $100 per week or month and slowly invest all your funds, and in the future,e you will get a chance to earn more on this $ 2k Bitcoin. You will never find this opportunity in the future because in the future the price will not be the same as today.
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December 24, 2023, 05:14:41 PM
 #12

You don't have to own a whole Bitcoin. That's the beauty of Bitcoin investment. You can own any portion of it and you get what you are paying for. There are only 21 million bitcoins in this whole world. On the other hand, 8 billion people live in this world. How do you give 21 million Bitcoin to 8 billion people?

You pay $1 you get a soda. You pay $10 you get a burger. You pay $1,000 you get $1,000 worth of Bitcoin. And as the time passes, if the price of the Bitcoin grows your investment will also grow. It's all about holding your investment for a longer period of time until it gets profitable. There is no perfect time when it comes to invest into Bitcoin. If you have missed all the past opportunities, don't worry you will get more.
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December 24, 2023, 05:29:20 PM
 #13

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.
This is one concept I think most people always fail to understand about Bitcoin being an asset whose value grew simultaneously with time and demand. Because for the fact that 1 Bitcoin is $43,000 today, it doesn't mean if you invest you still can't make a reasonable profit only if you allow over a long period of time. Because to me, I clearly see no difference with those who might have invested in Bitcoin 10 years ago and probably sold after 3 or 6 months later, as those who buy today and still sells after 3 or 6 months times, as both wouldn't have made any good profit of a Bitcoin investment. Hence, Bitcoin remains an asset if you want to make huge profit you invest and leave it for 10 to 15yrs.

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December 24, 2023, 05:33:39 PM
 #14

Yes bitcoin is too expensive if you buy it 1 BTC directly.  Grin

You can still buy bitcoin with $20 and make it an investor, but you have to buy defensively such as doing DCA and buy bitcoin every week or every month for the equivalent of $20 if that's what you can afford, so bitcoin is not complicated you have to buy 1 piece because you can buy in fractions.

Even if I buy 1 BTC, I won't be able to because I don't have that much money, there is something easier by accumulating by applying the DCA method, I think even many small investors do this.

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December 24, 2023, 05:43:41 PM
 #15

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.
Will only be expensive if you are aiming to invest in 1 BTC instantly. But the idea of investment does not work that way. Of course the bigger the amount, the bigger the profit. However, if your financial capacity is limited, then what can we do about it? Point here is to invest any amount at a good entry point and you will still earn profit from doing so. Profit is profit mindset; you don't need to align your expectations with other people who has a bigger capital than you. Would you be choosing to earn smaller profit than your ideal, or to just not earn at all, not any dime? Problem here is people who wants instant huge profit from a single asset. The market price is indeed high still at this moment then therefore you should wait first as your priority than to let your greed take over the situation. Waiting too much for a smaller market value could also be a problem 'coz the price has a tendency to continue its upward movement. Only invest once you are ready.
The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.

It's still a good investment even at the current price. Who knows how high it can go when the bull run comes? You can buy even less than 1 whole Bitcoin. So, if you're interested in investing in Bitcoin, why not buy now? Who knows what the price will be in the next few days? My advice is to buy only a small amount like 3% of $2k per day to accumulate more Bitcoin in the long run without buying it at all at a high price. You can buy it weekly or daily if you want to lessen the risk and find a good price.
Any price point will be fine making an entry with given that its market price is always expected to break its previous ATH. However if dump suddenly take place, you'd be stucked in the middle until the market price again increase. This is why you should know the 'grounds' you will be moving with before actualizing uour purchase of it.

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December 24, 2023, 06:00:36 PM
 #16

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.
If we are talking about the current price, It's rare for someone to have a 1 whole bitcoin for their first investment. This maybe a common mistake for newbies to think that they need to buy a whole bitcoin which is very expensive for their investment, this is a common reason why there are people who don't pursue their bitcoin investment. I know this because there are some people who reached me out because they are finding bitcoin alternatives that they can invest on, they thought that they can't buy a portion of bitcoin.
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December 24, 2023, 06:02:53 PM
 #17

trying to self custody bitcoin even at $100 allotments is not feasible due to the bitcoin fee..
however some people are taking the risk of just using a centralised exchange as a bank account to keep balance of sats value and not withdraw to self custody.

or do 100 a week for ten weeks on an exchange then place the 1000 in your own wallet.

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December 24, 2023, 06:04:49 PM
 #18

Why are you not thinking Bitcoin as an asset which you can buy of fractional amount? Like you don't want to own 1 complete Bitcoin worth $40k.
You can buy 0.01 BTC for $400. What's wrong with that? Change your mindset mate, you should start collecting Bits and it will make so much change in your mindset.
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December 24, 2023, 06:10:55 PM
 #19

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.

Op, you're not late and you don't need to have 1 BTC to be satisfied. You can be buying using DCA based on your financial strength. I want to believe there were persons who complained that Bitcoin was quite expensive when it was at 5k and for that reason they didn't buy. Going by today's price, I'd say that they'll be regretting their indecisiveness. So if you don't want to wallow in regrets tomorrow, buy and hodl Bitcoin, no matter how small your bag is.

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December 24, 2023, 06:22:23 PM
 #20

There is DCA that is a practical approach for many investors because it allows you to accumulate Bitcoin over time, making it more accessible for smaller budgets for not so rich people like us. Fractional purchases make it feasible for a wide range of investors, contributing to the broader adoption of cryptocurrencies. These past years weve seen that those who were hesitant to invest in Bitcoin at lower prices often regret not taking the opportunity.  But it’s okay. Regardless of the amount, getting started can pave the way for potential future gains and satisfaction with your investment decisions. Smiley

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