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Author Topic: Bitcoin is Too Expensive For Me.  (Read 811 times)
jeha2015
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December 24, 2023, 10:14:49 PM
 #41

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 you want to have one bitcoin at a time, it may be small with a fortune of $2k, but you can use the dca method by buying bitcoins gradually until you accumulate one btc. Bitcoin investment is not only for large investors but also for small investors. After all, bitcoin investment is not seen from the amount of capital you have but it is seen from how much capital you consistently make on Bitcoin and hold it patiently so that you can get bigger profits in future.

And investors must always remember, Bitcoin is still a high-risk investment. So, if you buy bitcoin, you have to be really careful and willing to lose money. Likewise because high risk, high reward. So don't be a crybaby. Invest the amount you want to lose to avoid premature aging.

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December 24, 2023, 10:43:47 PM
Merited by The Sceptical Chymist (4)
 #42

The only thing that's expensive about bitcoin nowadays is its transaction fees lol. The reason why you think bitcoin is expensive is because you mainly assume that "buying" bitcoin, an investment tool, is more like buying stuff conventionally, which counts as an expenditure. And in that regard let me break that wrong preconception for you so you gain more confidence in making investment choices in the future, doesn't have to be bitcoin or whatever.

When you buy something like bitcoin, you don't just "buy them", and that's it. When you buy an investment, you don't generally buy them, you make them work for you. It's like sending your kid to school really, or hiring someone to do your work for you. Your kid does all the heavy lifting in school and graduates to provide himself a future that you can be proud of, you reap some of the benefits, and that's it. or in the case of the outsourced worker, you have him do your work for you so you can have more opportunities to earn money in other ways, he gets your job done and you get paid still.

Basically buying bitcoins or any investment for that matter doesn't just entitle you to a purchase, it entitles you to a better financial future that you can achieve soon as you make that choice. And for crying out loud, if you can spend hundreds of dollars a month paying for useless subscriptions I think you should be able to buy yourself a few bitcoins consistently lol.
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December 25, 2023, 01:40:43 AM
 #43

not too expensive if you want to invest in bitcoin now, I got to know bitcoin in 2017 and I'm very sorry to see the current price of bitcoin, I think the price of btc in 2030 will reach $ 200k if I look at bitcoin's current journey, even though it doesn't reach that price like that, bitcoin will definitely grow continuously

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December 25, 2023, 01:55:45 AM
 #44

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.

realistically 2k is not going to ever be 1,000,000

Yes if you grabbed 100 btc at 20 usd each and held them til April of 2021

 $ 2000 did become  $6,900,000 and it will likely never do that again.

In fact we very likely will never see a $20 investment item turn into $69,000 ever again in out lives.

I know of no item that was even lower than $20 actually lower than $1 that did what BTC did.

I do not count lottery tickets.


But that does not mean you can't turn the $2,000 into  $40,000 or more.

Heck I had a $2,000 IRA for 30 years it become $28,000 when I cashed it out.

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December 25, 2023, 02:13:02 AM
 #45

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.
21M total supply
19M circulating Supply (Approx)
8b total population
How do you become a Bitcoin investor in this race of 8 billion people? This competitive coin will one day become the world's most valuable coin, while Bitcoin will be the benchmark for the wealth of the world's rich.
So, if you really want to invest in bitcoins, invest as much as you can without delay. The amount of bitcoins you get now will get you less bitcoins with this dollar in the future. So I think it is better to invest in Bitcoin as soon as possible without delay.

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December 25, 2023, 02:17:44 AM
 #46

If you are referring to a whole bitcoin, then yes, it's too expensive or the price is so high that you can't easily afford to buy and invest in it, but that's not where you can only invest in bitcoin; in fact, you can only bring a fraction of bitcoin or satoshi, so your $2k can be started as your investment; it doesn't have to be; you have to buy 1 BTC. No small investor can start with a fraction, and from that, you yourself will find the opportunity to earn.

That's why it's very important for new investors to invest in ideas and knowledge first before they can engage in investing. See your mindset. Most of the mindset of a beginner is being intimidated by the high price of bitcoin. You should explore more and gather knowledge from that. You will know that you can start small and that your skills will make your investment grow.

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December 25, 2023, 03:40:30 AM
 #47

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.

Of course, Bitcoin has started its journey to its all time high again. Looking at the current price, you are right that a small investor cannot invest in it as it will require a good amount of money to invest. You can also invest in bitcoin from $2k, but it is less likely to give you a good profit, because even if the price of it double from here, you will only get $2k will be the profit. no one knows how far the price of it can go in the future, and how far it can fall again if it falls.

So time will tell if you can have a chance to invest or not, but if you choose small, better and more strong coins instead of investing in bitcoin, you can get good returns. small coins are risky than bitcoin, so bitcoin is the best option if you want to prevent any losses.


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December 25, 2023, 04:00:45 AM
 #48

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.

Right now Bitcoin looks expensive, but if you invested 10 years ago you probably wouldn't complain about the current price.
You don't have to buy 1 Bitcoin to try investing, try first with a small amount that you can afford. It's better than nothing.
There is no guarantee whether in the future Bitcoin can give you the investment value you expect, but in the crypto user community they don't always talk about its valuation value.
There are also those who actually apply the exchange rate in real life.

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December 25, 2023, 04:27:36 AM
 #49

Right now Bitcoin looks expensive, but if you invested 10 years ago you probably wouldn't complain about the current price.
You don't have to buy 1 Bitcoin to try investing, try first with a small amount that you can afford. It's better than nothing.
There is no guarantee whether in the future Bitcoin can give you the investment value you expect, but in the crypto user community they don't always talk about its valuation value.
There are also those who actually apply the exchange rate in real life.
When you consider an asset for investment, you will have to consider multiple factors at the same time

Risk must be small enough. There is always risk to lose money but if you can find an asset with minimal risk, it is better.
Chance to get profit. Bitcoin is a strongest cryptocurrency and it leads cryptocurrency market. It has four-year cycle with Bitcoin halving and usually makes a new all time high with each new market cycle. Chance to get profit with Bitcoin is good if you can hold it.

Your priority must be safety for your capital. If you can not protect your capital, don't think how you will be able to get profit and can protect your profit.

With Bitcoin, you don't have to buy 1 BTC but can buy 0.001 BTC or 0.01 or 0.1 BTC. Even smaller amount can be purchased through Lightning Network too.

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December 25, 2023, 05:40:03 AM
 #50

You got that 2k invested in bitcoin and trust me, you're going to get a lot of profit if you hodl for a really long time or just set it to be sold when bitcoin gets to 100k. Also, you've got a job probably right? You can slowly invest in bitcoin via DCA and as time goes by, bitcoin isn't that expensive to you anymore. Don't be like those other people out there that's still indecisive about bitcoin investment because they're going to have a hard time regretting that indecisiveness when bitcoin gets to a new ATH.



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December 25, 2023, 06:05:09 AM
 #51

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.
Yes, Bitcoin price is around $43k to $44k now, expect it to go up gradually. Since you have $2k you can buy small amounts of bitcoins. If you think you will buy when the price of Bitcoin is going down, then you will hold back from buying Bitcoin because the price of Bitcoin will rise further in the future. Since the Bitcoin halving is just a few months away. We know that Bitcoin price increases during Bitcoin halving. This means that you could miss out on potential gains if the price of Bitcoin rises. I think you should invest in Bitcoin now, then you will surely see profit in future.

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December 25, 2023, 06:20:38 AM
 #52

No, it is not impossible for a new small investor who wants to invest in bitcoin. They can still buy bitcoin at the current price or in the following months.
As long as they want to invest their money in bitcoin, they can start whenever they want.
With that $2k wealth, you can invest in bitcoin using the DCA method. And it will depend on whether you want to do it or not.
Investing in bitcoin with DCA means you buy bitcoin regularly for a certain period and save it. You should also set your selling target so that you can sell the bitcoin if the price is reached.
At that time, you can make a profit and I think the investment value can exceed the value of your initial investment.
And before you start investing in bitcoin, you should learn what needs to be prepared so that you don't go down the wrong path and can hold your bitcoin until the time you determine.
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December 25, 2023, 07:16:18 AM
 #53

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.

You don't need to buy 1 BTC at all instead make a portion of it is enough for your investment, not all people have the budget like others to invest a large amount, but having a 2k USD as an investment is a big amount of money if you are not confident with the bitcoin just a half of the asset you have and half of it is into the arts like we keep saying that not ideal to store most of your asset in just a one bucket of investment to prevent burn all of your money. With the current market price 2k$ is now 0.046 BTC

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December 25, 2023, 07:16:36 AM
 #54

You can always do the DCA method or Dollar-Cost Averaging wherein you can also invest in small amounts in regular periods instead of investing a large amount in all one go it’s also my plan since i do not currently afford to go all in all at once it allows for better timing in investment and allows you to manage risks better

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December 25, 2023, 08:01:15 AM
 #55

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.
Of course, you can buy any amount of Bitcoin, which doesn't mean you have to buy 1 Bitcoin to invest.
I suggest you get rid of the thought that Bitcoin is too expensive and you can't afford it, it will be detrimental to your future.
The price of Bitcoin moves quickly at any time and is likely to return higher in the future which makes it useless for you to wait for the price to be able to buy it, so it's better to invest whatever you have while continuing to look elsewhere to add to your investment savings. You.
Remember that this is a long-term investment and you can do it gradually to get much bigger profits.

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December 25, 2023, 09:28:19 AM
 #56

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.
You have a higher amount of money than mine, but I manage to buy Bitcoin still.

You're like some of the newbies out there that have what I call "1 Bitcoin syndrome" where they think that they can only own 1 whole Bitcoin, but in reality, they can buy a portion of that whole Bitcoin. I mean why do people think like this? What they want is to buy a single Bitcoin instantly, and if they can't, they'll think that Bitcoin is too expensive for them.

I'm like you OP when I was a newbie. I wanted to own a single Bitcoin at that time, but through out the process, I learned that I could still invest in Bitcoin without buying 1 whole Bitcoin. Buy Bitcoin weekly, or monthly basis, or depending on the availability of your money. You don't need to own a whole Bitcoin in just one buy, but you can buy portions of it until you get that 1 whole Bitcoin.

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December 25, 2023, 09:41:30 AM
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 #57

not too expensive if you want to invest in bitcoin now, I got to know bitcoin in 2017 and I'm very sorry to see the current price of bitcoin, I think the price of btc in 2030 will reach $ 200k if I look at bitcoin's current journey, even though it doesn't reach that price like that, bitcoin will definitely grow continuously
When bitcoin price was about $1, then someone called it too expensive.
When bitcoin was about $10, then someone called bitcoin too expensive.
When bitcoin $10000, then someone called it too expensive.
When 2021, bitcoin was about $69000, then someone called it too expensive and too late to invest.
But now bitcoin $43000, then someone called it too expensive and too late to invest.
In the future bitcoin would hit $100000, then someone called it too expensive and delay to invest...

Don't hesitate, invest and be rich in the future.

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December 25, 2023, 09:45:17 AM
 #58

I am a very small investor. $2k wealth is mine.
And yet you can afford to use a smart device and have internet connectivity to post on this forum?

Quote
Well does Bitcoin provide any opportunity in future that I can invest.
You can answer this yourself if you read the charts of bitcoin back in 2009 to modern day 2023 and see how much the price has risen in the last 14 years. If the early adopters would have chickened out back then they would not be so well revered as of today.

Dont forget that you dont need to buy a entire 1BTC to invest. It is divisible upto 8decimal places and fractional buying is what people most commonly do.

R


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December 25, 2023, 09:50:53 AM
 #59

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.
The basic thing to know about Bitcoin is that You don't need to have to buy 1 BTC. You can buy it whatever you have with a minimum purchase on the exchange and that can be as little as 10 dollars. so it doesn't have to be 1 BTC. Moreover, you have 2K, so this is an opportunity for you as long as the money is an amount that you can afford to lose. You need to understand first how much money you want to invest, whether it will be all BTC or will there be diversification into top altcoins which also have small prices. This will definitely affect your investment. Pay attention to the coins and don't choose new shitcoins or meme coins.

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December 25, 2023, 10:15:51 AM
 #60

You got that 2k invested in bitcoin and trust me, you're going to get a lot of profit if you hodl for a really long time or just set it to be sold when bitcoin gets to 100k. Also, you've got a job probably right? You can slowly invest in bitcoin via DCA and as time goes by, bitcoin isn't that expensive to you anymore. Don't be like those other people out there that's still indecisive about bitcoin investment because they're going to have a hard time regretting that indecisiveness when bitcoin gets to a new ATH.
Best mindset to have and it's a good advice to just invest that 2k in bitcoin and giving out the prospect of what could be the resulting profit if they've invested and waited for it until the price has gone to a 100k, you've also covered the DCA part so OP doesn't have an excuse not investing or regretting investing. My only take in all of this is that OP should take it all slow, if OP doesn't feel like investing a huge amount of money to bitcoin, they can just do DCA so they can ease in without too much worry or regret about investing in bitcoin. And to OP, remember what @pinggoki's last statement, that your indecisiveness could be your downfall.

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