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Author Topic: Bitcoin is Too Expensive For Me.  (Read 886 times)
yazher
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December 25, 2023, 10:39:24 AM
 #61

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

This is the best method you could do because those who bought 1 or more Bitcoins at once are rich people and they can actually afford it whenever they want. as for those people that haven't reached enough fortune to buy that much, they can just take it easy for themselves by dividing the money they need for their essential needs and when they reach the money that they don't have any use for it, they can actually just convert it for bitcoins like many of us were doing right now. That's how you make it easy so that others can also invest in bitcoins without worrying too much about their money.

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December 25, 2023, 10:58:48 AM
 #62

You can do very well with $1000 investment on Bitcoin, this idea of too costly was what many believed when Bitcoin reached $100, those who missed buying at $10 believed it was too late already, you don't need a full bitcoin, you can just buy some and risk your money on other alts, this is not a financial advice though but I believe that other assets have better returns in a short period of time than Bitcoin, when and if Bitcoin makes a new all time high you will definitely make good money even if you don't invest a lot.

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December 25, 2023, 10:58:56 AM
 #63

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.

Bitcoin current price is impossible for new investor? Nah, just like what I've always said, this same words have been over used already. People kept complaining when bitcoin value is rapidly increasing, but always has doubts during bear season or when the price tend to slow down a little bit. When it was still around $1k, people said it's too late as bitcoin may have peaked and is impossible for someone to investment at the moment. Then a few years after it hits $10k people said the same thing, until it hits almost $20k still nothing changes people still thought it's too late and impossible to make profit from it. I'm not surprise if there are still people who will still say the same thing, just like the OP.
TBH, $2k is a decent amount to start.

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December 25, 2023, 11:21:02 AM
 #64

You can do very well with $1000 investment on Bitcoin, this idea of too costly was what many believed when Bitcoin reached $100, those who missed buying at $10 believed it was too late already,
$1000 is quite good amount of money for investment. If we buy Bitcoin with $1000, it probably can be $2000 or more in the future.
Sure, the price of Bitcoin is predicted to reach $100k in the next bullrun season. People who didn't buy Bitcoin, will regret it when Bitcoin reaches its new ATH in the upcoming bullrun season. So, we mustn't waste the chance to buy Bitcoin now.

you don't need a full bitcoin, you can just buy some and risk your money on other alts, this is not a financial advice though but I believe that other assets have better returns in a short period of time than Bitcoin,
Agree. It isn't a must to have a single investment. Many people diversify their investment to have a chance for bigger profits. Although altcoins are riskier, but it offers faster and bigger potential for profits. Sure, we risk the money in altcoins, but it has some advantages for sure. So, it deserves to try for having some type of crypto coins.


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December 25, 2023, 11:27:11 AM
 #65

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 don't see why you said you cannot afford Bitcoin when you clearly said that there
is 2k dollars on your pocket? you don't have to buy whole bitcoin instead you can just buy that
amount for bitcoin portion and then once there is a great pump then you can double or even x5   
that amount in the future.

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December 25, 2023, 11:45:26 AM
 #66

Diversify your money mate, there is some option that you can do so you can still earn in bitcoin and also in altcoins.


1000$ = Bitcoin of course

400$  = Ethereum

200$  = Binance coin

200$  = Ripple

200$  = assorted coins of your coins even shitcoins or meme coins.


with those listed you can at least have some chance of earning multiplier .

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December 25, 2023, 11:48:07 AM
 #67

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 people thinks bitcoin is expensive to invest I think they do not understand what it means to invest in bitcoin. To invest in bitcoin one doesn't have to invest 1 bitcoin or the whole Bitcoin,  Bitcoin is open for everyone irrespective of what one earns. If you are planning to buy bitcoin that is above your means of income, I think it is not the best decision for investment. In bitcoin we buy and invest what we can afford that won't be a burden to us.

As the value of bitcoin keeps increasing it doesn't mean people won't be a able to afford it, people can still buy according to their income and it will still be profitable if hodling is it for a longtime.

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bluebit25
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December 25, 2023, 12:05:45 PM
 #68

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.

With $2000, are you really serious about investing, and Do you have any plans for it?

I know many people are hesitant because they want to own more numbers in their account than the value of the investment. Balancing risk/return on investment helps us reshape our position. I agree that altcoins can bring quick and profitable profits but at the same time cause assets to evaporate quickly. The main problem is investment asset management. For people with large assets they do not like much risk. So from a personal perspective, I can understand why the OP thinks it's not suitable, but remember at some point when you have a larger investment your thinking will prioritize bitcoin, it's like a game loop of accepting decisions to achieve a goal.

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December 25, 2023, 02:49:47 PM
Merited by Zigabel (2)
 #69

Diversify your money mate, there is some option that you can do so you can still earn in bitcoin and also in altcoins.


1000$ = Bitcoin of course

400$  = Ethereum

200$  = Binance coin

200$  = Ripple

200$  = assorted coins of your coins even shitcoins or meme coins.


with those listed you can at least have some chance of earning multiplier .
  Personally this is something I would consider, diversifying my money. Bitcoin is good and promising yeah but then I don’t just like placing all my eggs in one basket. Bitcoin is a must asset to own and it’s never too late to jump in to the market, with just finding the right entry and entering the right time you can have your own share in the market. These other assets you just mentioned are not bad investments too, and the interesting thing is that they are not as expensive or high priced as Bitcoin, these other coin can give you a good return too in the next bull run. We are currently seeing the rise of altcoin, these coins can actually yield profit too as bitcoin. With just getting the right information and DOYR.
    There are lot of opportunities in the the crypto space, we just need to ready to engage and have a reasonable capital to invest with. The bull market is coming and lot of opportunities comes with it. But then we still need to be careful about our decisions and dealings around the crypto space, they are lot of cyber criminals out there waiting to prey on investors, we should be extremely careful with the kind of exchangers we are investing with. This criminals can be so smart to even go to the extent of making clone exchangers disguising to be true. I guess with the help of the forum we shouldn’t be worried about those cause the forum has given us that better insight and understanding about Bitcoin and cryptocurrencies as a whole.
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December 25, 2023, 03:10:28 PM
 #70

Why should you be pessimistic and think Bitcoin is too expensive when you already have enough capital to be able to invest in it even at $2k. Maybe you have heard that many very special people and community members in their families managed to manage their investments in BTC even though they initially experienced ups and downs due to lack of capital.

Yes. This requires strong determination where along the way there may be obstacles, but if you are an expert, I am sure the trading strategy gap will be found by itself and of course start looking for ways to buy some BTC while glimpsing the depths of bitcoin so that in the end we will understand how to make money money in this industry well.
     

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December 25, 2023, 03:21:43 PM
 #71

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 won’t believe it, but for me bitcoin is very expensive. Smiley I'd be more than happy to buy this for $500 or something like that. Smiley But as you can see, no one sells for this price. Therefore, take it for the price offer it for. In the future, this investment will certainly pay off, and it doesn’t matter whether you can afford a whole bitcoin. Be content with even the smallest parts you can reach.

Bitcoin is not yet at the highest altitude, because very soon (well, not quite soon) we will see different indicators. If OP had been a little bolder a couple of months ago, he could have bought bitcoin at a completely different cost than now. So, the longer you doubt and whine (about the high cost), the more successful opportunities you miss. Don't slow down.

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December 25, 2023, 04:08:36 PM
Merited by Stablexcoin (2), fillippone (1)
 #72

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.

In what way is bitcoin too expensive for you? You are totally wrong in your thinking. Did you think you need a huge amount of money before you can begin investing in bitcoin? You were mistaken because you didn't consider it further before you made your decision. Investing in bitcoin doesn't have to be expensive for anyone who can take on the risk, some people started investing with as little even less than $2k. Still you have that much money to begin with, you still believe it will be very expensive to begin with. Everything was created to begin gradually, you cannot decide to begin investing because you expect to make money quickly, everything is done step by step.

Don't be discouraged by the current price of bitcoin, some people will be happy to start investing with even less than that just to make sure they have start investing. If you are still afraid to invest all of your money, you can start with $1k or less. Don't let the price of bitcoin stop you from starting anything, invest doesn't mean you should hold one bitcoin.

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December 25, 2023, 07:09:22 PM
 #73

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.
Why do people always think that you need to own a full 1 Bitcoin in order to actually start investing? It's like other investment method, you can invest with the fraction of Bitcoin based on your affordable amount of money you can do and then you can go from there. $2k is actually a decent amount to start, the only problem is are you aware with the amount of outcome and possibility could occur in the future?

You have to know about that, as for Bitcoin investment you have to actually read about the news so you know what's going on at present and the future. Bitcoin is not a secret money making mechanism, this is like other investments hence you need to actually do some research first before doing something.

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December 25, 2023, 07:33:34 PM
 #74

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 a thought that you have to throw away, even with $10 you can buy Bitcoin, it's just that to get bigger profits, you have to invest more money.  anyway, one thing you must understand, bitcoin is different from most other investments, even in gold, you have to buy a minimum of 1 gram of gold, there is no measurement for lower than that, and in the property business, you have to spend much more money It's not enough just $1000 or $2000.

Diversify your money mate, there is some option that you can do so you can still earn in bitcoin and also in altcoins.

1000$ = Bitcoin of course

400$  = Ethereum

200$  = Binance coin

200$  = Ripple

200$  = assorted coins of your coins even shitcoins or meme coins.

with those listed you can at least have some chance of earning multiplier .
It's not that i hate Ripple and Memecoin, but i don't think the advice you gave is good, it's better for you to suggest OP invest more in Bitcoin and then buy ethereum or BNB (part of investment asset diversification)

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December 25, 2023, 10:02:56 PM
 #75

.. 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. ..
Why do people always think that you need to own a full 1 Bitcoin in order to actually start investing? It's like other investment method, you can invest with the fraction of Bitcoin based on your affordable amount of money you can do and then you can go from there. $2k is actually a decent amount to start, the only problem is are you aware with the amount of outcome and possibility could occur in the future?
There are still many ordinary people who don't really understand Bitcoin. In fact, they may have started to be interested in crypto, but seeing the price of Bitcoin which in fact is like a representative of crypto, they feel that they can't afford it because the unit price is very expensive. Yes, because they don't understand this, they don't understand that they don't have to buy 1 BTC but can do whatever it takes as long as the minimum is on the exchange and that's quite a bit..

And because of this, many beginners turn to hyped shit coins because usually the price is small and the promise is very high. In fact, they are being targeted as victims of this new project.

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December 25, 2023, 10:54:30 PM
 #76

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.
Personally, I will not invest Bitcoin at this point because it's sitting in the supply zone. It's best to look for a support that can be possible for the price to bounce back or wait for an impulsive break of the supply zone. It's quite risky for you to invest this time because retracement is not happening yet and then we can start to buy if we think that retracement comes to an end. Investing randomly in the market can lower the probability and can hurt your emotion a lot if the price went to the opposite direction especially you are newbie, you should take care of your emotion as it is also a key to your success.
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December 25, 2023, 11:01:30 PM
 #77

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 can buy Bitcoin in parts.  You do not buy a whole of it.  You can even buy some parts of Bitcoin for as low as $10.  Also you do not need to buy in bulk.  You can always DCA or accumulate when you have extra funds in your budget.  Bitcoin is not a sprint, Bitcoin is a marathong so we do not have to worry whether we will miss the opportunity or not since Bitcoin is here to stay and Bitcoin is best kept for the long term to maximize profit.
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December 25, 2023, 11:27:23 PM
 #78

You have $2k and you think it’s nothing? Wait until you see what people have in their wallet. What I’m trying to say is that you don’t need to have 1 complete Bitcoin to be an investor. Satoshi Nakamoto intentionally made it that Bitcoin could be as small as 0.00000001 and if you check the value of that, it’s worth nothing, but that’s how small someone can have. You may think that what you buy with $2k is worth nothing right now, but have you thought about the long run? It could be double or even more. I personally believe that Bitcoin has the potential to be worth hundreds of thousands of dollars. It may take really long, but it’s possible. $2k is not a small amount!
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December 25, 2023, 11:29:49 PM
 #79

Yes, Bitcoin's price gradually continues to rise from time to time, but there are always price fluctuations. Sometimes some people who don't know about BTC science always fail and lose because they can't take advantage of Bitcoin's fluctuations, such as bull markets and bear markets. In my opinion, investing in BTC doesn't look at how small or large the capital is because in my opinion the most important thing is desire and only capital that is ready to be lost is worth investing in BTC. So in my opinion, having $2k in capital is not a problem as long as it is money you are ready to lose and you are prepared for the risks posed by BTC.

In my opinion, investing starting from small capital is a good way and of course the risk will not be too high because even if the loss is not too big. Of course, by investing in BTC there is definitely a chance of profit in the future and of course there is a chance of loss in the future too.

I think buying BTC doesn't have to be 1 BTC because of course you can buy a little bit. Yes, the point is it's never too late to buy BTC, but be yourself and do research before you buy. and now it is certainly very difficult to buy BTC at a very low price because now the bear market is over and of course it will be difficult for BTC to fall to a lower price, for example $16k. so I think the only opportunity left is now.











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December 25, 2023, 11:31:16 PM
 #80

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.
No, the value of Bitcoin is yet to reach great heights. Wait till December 29th which was the deadline set by the US SEC for spot Bitcoin ETF updates while approval was said to take place in January before we see the great height of BTC.
Some analyses predicted that after the BTC ETF is approved, the individuals who hold at least 0.87 BTC will be among the top 1% of the most wealthy.
Don't let the belief you're not holding 1BTC discourage you.

Well does Bitcoin provide any opportunity in future that I can invest.
Ask yourself why is BlackRock the most powerful investment company in the world filing for BTC spot ETF and doing everything in its power to make it happen.
Do you think this people have time on an investment that's not profitable?

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