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Author Topic: Bitcoin is Too Expensive For Me.  (Read 811 times)
TimeTeller
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December 25, 2023, 11:35:03 PM
Last edit: December 25, 2023, 11:46:08 PM by TimeTeller
 #81

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?

No matter how small you can afford to buy on this market, that's more than enough if you truly believe on this market.
Because you should not compare yourself to others as you will only disappoint yourself if you did such comparison.
You have your own path on this investment, so just mind your own business because this is your money at stake.
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December 25, 2023, 11:47:59 PM
 #82

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.
Investing in bitcoin doesn’t necessarily mean you should buy a full bitcoin before investing in it, you can buy bitcoin gradually and accumulate bitcoin bit by bit and before you know you would have accumulated enough bitcoin. Majority of people don’t have such amount to buy bitcoin but they are able to own a fraction of it by adopting a strategy known as the DCA strategy, this strategy makes it possible for the less privileged who can’t afford a full bitcoin to accumulate BTC by investing an amount they can afford gradually and after a while they are able to own a reasonable amount of bitcoin so it doesn’t matter how much you start with all that matters is that you keep accumulating.

Investing $2k into bitcoin is not a bad way to start as there are lots of people who don’t hold that much bitcoin, ig is a small amount but you can as well adopt the DCA strategy and keep accumulating more bitcoin at your own convenience and in no time you would have amassed enough bitcoins. With the upcoming bullish market by the corner bitcoin will provide lots of opportunities and we could see even higher price during this time so you should invest when you have the chance so you don’t risk investing at a higher price.

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OcTradism
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December 26, 2023, 01:11:12 AM
 #83

Investing $2k into bitcoin is not a bad way to start as there are lots of people who don’t hold that much bitcoin, ig is a small amount but you can as well adopt the DCA strategy and keep accumulating more bitcoin at your own convenience and in no time you would have amassed enough bitcoins. With the upcoming bullish market by the corner bitcoin will provide lots of opportunities and we could see even higher price during this time so you should invest when you have the chance so you don’t risk investing at a higher price.
$2k is not a small capital and it is a very big capital with many people, is like their fortune.

I don't know how rich OP is and how deep his capital is, but by starting any investment, start small to get experience.

Buying bitcoin is easy but if mistakes is made, OP can lose money and does not get bitcoin like in Peer to Peer trading. OP can lose bitcoin if making mistakes when sending bitcoins from exchange to his own wallet.

Start small, learn and practice with wallet creation, backup, recovery and do it for a while before mastering those simple technical steps, it will help to avoid losses because of mistakes.

Reminder: do not keep your money in online accounts
How to back up a seed phrase?
Protect yourself from fake wallet software (guide)

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BitcoinsGreat
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December 26, 2023, 02:43:50 AM
 #84

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.

The good thing about Bitcoin is that everyone can have  investment in it no matter if anyone have less money or more money/capital. Unlike other investments like real estate or property one needs to have a lot of financial capital to start with but with bitcoin you can even buy a 50$ or 100$ worth of bitcoins or even less than that.
Bitcoin give us the opportunity to do the dollar cost averaging over the period of time as and when we have the money to invest.
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December 26, 2023, 03:05:14 AM
 #85

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 will be expensive and it is not for you if you want to turn that $2k into $1 million or $10 million by investing in bitcoin. And in case if you want to make significant profits from your small capital with bitcoin, you can absolutely do it.

In fact, making a profit from bitcoin completely depends on each person's ability because there are many ways to make a profit from bitcoin, not just holding it. For example, trading can also bring huge profits if you are good enough to do it. But nothing is easy and high profits come with high risks, you cannot expect to earn high profits and have high safety.

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December 26, 2023, 03:06:04 AM
 #86

Do you want to invest and gain money??? Think about how people make gains with BTC. The increase in assets they get is based on the percentage rise in BTC, not just the change in BTC price. If you feel Bitcoin price is higher than before, you'll probably say the same thing a year from now. Isn't it the high price of Bitcoin that makes it popular and interesting to explore?

Alright, you've got $2k, and you can still get some BTC, right? At least you'd get 0.046 BTC at the current rate. That's not bad. You can still make gains of 10%, 20%, or even 100%, and that's something that's still very possible. The price of 1 BTC might be high, but you don't have to buy a whole BTC. Just reduce the portion of BTC you buy, adjusted to fit your investment budget.
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December 26, 2023, 04:03:16 AM
 #87

Investing in Bitcoin can provide an opportunity for anyone to grow their economy in the future, no matter how large the investment they make, the most important thing is to be consistent in continuing to add to their investment assets.  Don't push too hard if you can't put large amounts of money into it, avoid short-term trading so you can continue to grow the investment assets that we will make.

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December 26, 2023, 07:39:36 AM
 #88

Bitcoin on a Budget: Couldn't afford a whole Bitcoin? No worries, it's not like you're shopping for a private island. Grab yourself a fraction of a Bitcoin and join the crypto party on a budget.


Remember, in the world of finance, laughter is the best medicine. Just don't laugh all the way to bankruptcy!
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December 26, 2023, 11:02:57 AM
 #89

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.
Investing in bitcoin doesn’t necessarily mean you should buy a full bitcoin before investing in it, you can buy bitcoin gradually and accumulate bitcoin bit by bit and before you know you would have accumulated enough bitcoin. Majority of people don’t have such amount to buy bitcoin but they are able to own a fraction of it by adopting a strategy known as the DCA strategy, this strategy makes it possible for the less privileged who can’t afford a full bitcoin to accumulate BTC by investing an amount they can afford gradually and after a while they are able to own a reasonable amount of bitcoin so it doesn’t matter how much you start with all that matters is that you keep accumulating.

Investing $2k into bitcoin is not a bad way to start as there are lots of people who don’t hold that much bitcoin, ig is a small amount but you can as well adopt the DCA strategy and keep accumulating more bitcoin at your own convenience and in no time you would have amassed enough bitcoins. With the upcoming bullish market by the corner bitcoin will provide lots of opportunities and we could see even higher price during this time so you should invest when you have the chance so you don’t risk investing at a higher price.
Your Bitcoin investment advice is precise, absolutely. Strategic, gradual accumulation is investing, not a fortune upfront. DCA isnt simply a tactic; its a financial lifeline for everyday people. Why? It democratises Bitcoin investment. Start with a small quantity and invest it regularly to increase. Consider: tiny drops form an ocean!

In many people's eyes, $2K is more than a "small" start. Crypto's base is robust. With the bullish market approaching, time is crucial. We're investing and seizing an opportunity! Growth potential is huge, so we should start now. Patience is your most profitable asset in Bitcoin. Jump in, stack those sats, and watch our digital gold rise!

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December 26, 2023, 01:11:01 PM
 #90

Investing in Bitcoin can provide an opportunity for anyone to grow their economy in the future, no matter how large the investment they make, the most important thing is to be consistent in continuing to add to their investment assets.  Don't push too hard if you can't put large amounts of money into it, avoid short-term trading so you can continue to grow the investment assets that we will make.
I asked someone why they didn't invest, they answered that they didn't have money. That is not reasonable to me and much more if they say that Bitcoin is already expensive. I don't think it was all about the price and capital but probably because they don't have an interest in investing and they don't want to grow. Well, we can force them to consider it because there is nothing happens and it is not profitable when they invest if it is against their will.

After all, despite the current price of Bitcoin, those who are willing to take risks will still buy some but those who are not, always have a reason to decline.

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December 26, 2023, 01:43:49 PM
 #91

Investing in Bitcoin can provide an opportunity for anyone to grow their economy in the future, no matter how large the investment they make, the most important thing is to be consistent in continuing to add to their investment assets.  Don't push too hard if you can't put large amounts of money into it, avoid short-term trading so you can continue to grow the investment assets that we will make.

Usually we can categorize them into three groups in investing, namely likes, dislikes and doubts regarding BTC investment. If it is said that it takes a long time for the price of BTC to return to its previous price, it seems like a long time, but after 1 year after the last decline, it seems very short now.

If investing in crypto is for mere speculation, for example if you want to quickly gain wealth or profit in a short time, I think it might be difficult at this time because volatility will be crazy and the current cycle will be different from the previous cycle. So, what needs to be avoided is actually don't buy when the market is bearish or at a reversal point, we buy coins so that it can make us go straight and experience the same mistake over and over again.

Maybe I agree with @bayu7adi to adjust our investment according to the strength of the money we have, if other people profit, we also profit, only the estimation is different if we have a long-term holding and continue to accumulate if there is additional little by little.
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December 26, 2023, 07:21:17 PM
 #92

Do you want to invest and gain money??? Think about how people make gains with BTC. The increase in assets they get is based on the percentage rise in BTC, not just the change in BTC price. If you feel Bitcoin price is higher than before, you'll probably say the same thing a year from now. Isn't it the high price of Bitcoin that makes it popular and interesting to explore?

Alright, you've got $2k, and you can still get some BTC, right? At least you'd get 0.046 BTC at the current rate. That's not bad. You can still make gains of 10%, 20%, or even 100%, and that's something that's still very possible. The price of 1 BTC might be high, but you don't have to buy a whole BTC. Just reduce the portion of BTC you buy, adjusted to fit your investment budget.
You don't even have to think about it because everything is so obvious that everyone can see it. The only decision left is whether to invest or pass and pretend there is still time to invest, even though that is not how it works. That sort of thinking has kept a lot of people in poverty for a long time because those kinds of individuals are never uncomfortable where they are, which is definitely not ideal. It would be preferable to advise them to invest, as they will continue to put it off.

It's not a bad idea to invest $2,000. From there, you can even gain more expertise while making investments. However, if you can earn 100% profit with just $2000, imagine how much money people with one bitcoin will make.

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December 26, 2023, 07:50:22 PM
 #93

Lots of people new to crypto say this & it’s a sure fire way to lose your money. So many altcoins rug pull & people lose everything. Bitcoin is time proven & beats inflation, it’s the best asset to invest in. You might not get rich fast but put that $2,000 into Bitcoin & DCA as much as possible, you will do well.

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December 26, 2023, 07:55:00 PM
 #94

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.

Absolutely, there's still room for small investors in Bitcoin! With $2k, you've got a good starting point. Here's the scoop:

1. **Fractional Buying**: Bitcoin can be divided into tiny pieces, called Satoshis. So, you don't need to buy a whole Bitcoin. You can start with just a small fraction.

2. **Dollar-Cost Averaging (DCA)**: This strategy is perfect for smaller investors. Invest a bit of your $2k regularly, like monthly. This way, you spread out the investment and reduce the impact of price swings.

3. **Long-Term View**: Bitcoin is often seen as a long-term investment. The key is patience. Its value has grown over time despite short-term ups and downs.

4. **Stay Informed**: Keep learning about Bitcoin and the market. Understanding trends can help you make smarter decisions.

Remember, all investments have risks. Never invest more than you can afford to lose. But yeah, even with $2k, you can definitely start your Bitcoin journey!

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dunfida
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December 26, 2023, 07:59:15 PM
 #95

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?

No matter how small you can afford to buy on this market, that's more than enough if you truly believe on this market.
Because you should not compare yourself to others as you will only disappoint yourself if you did such comparison.
You have your own path on this investment, so just mind your own business because this is your money at stake.
It is really just that a matter of determination and the seriousness on dealing up on something on which you do believe that it could give out that kind of benefit for you on longer times. It is really just that normal that people would really be that really be preferring and hoping that they should have entered on the market on the earliest time as possible but we know that we cant really be able to turn back the time but doesnt mean that we are already late on making money or profits on which this one would really be hindering you on taking steps forward just because you do have in mind and believe that it was already late.

Literally yes, if we do speak about not to make or able to have kind of possible multiple folds of earning not like on getting on altcoins but when it comes to assurance or potential for long term then there's
no doubt that Bitcoin would be less risky compared into other options. In the fact, that you wont really be needing to buy up a whole coins then it would really be that possible that you could
buy on fractions on which means that even if you dont have much money but still you could be able to purchase or buy bitcoin on smaller amounts that it is something that you could afford.
Dont stress up yourself too much into this manner.

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December 26, 2023, 08:56:39 PM
 #96

I asked someone why they didn't invest, they answered that they didn't have money. That is not reasonable to me and much more if they say that Bitcoin is already expensive. I don't think it was all about the price and capital but probably because they don't have an interest in investing and they don't want to grow. Well, we can force them to consider it because there is nothing happens and it is not profitable when they invest if it is against their will.
After all, despite the current price of Bitcoin, those who are willing to take risks will still buy some but those who are not, always have a reason to decline.
Whenever there is a will there will be a path, this is a proverb that better suits your post. You are right people show excuses about Bitcoin when you ask them about Bitcoin investing and the reason is that they are not interested in Bitcoin. Sometimes I wonder what forces a person to not invest in Bitcoin and after several times think I that this is because of society. Most people in society do not have good information about Bitcoin and when there is any illegal or scam occure they link that to the Bitcoin youngers are also too lazy as they do not confirm it and believe what that person saying and this way will die. So what I am saying is that spreading news and doing advertisements everywhere about the advantages of Bitcoin so that our youngsters and also other ages person are influence and will of investment will arise in their hearts.
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December 26, 2023, 10:12:13 PM
 #97

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, currently the price of bitcoin is 42-43k, you think it is expensive for you to invest in bitcoin. We may expect to see Bitcoin price 100k in 2025 after the halving. Then you might regret even more why you didn't invest earlier. You said you have $2k, which is a good amount to invest. You can start investing with DCA method. Now is the right time to invest, we are going to see a halving very soon. We've seen bitcoin prices go up a lot in the years following the halving. Expect the price of Bitcoin to go up a lot in the year after this halving. You now consider whether to invest. But you have to invest with risk. Not only the hope of profit but also loss.

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December 26, 2023, 10:20:59 PM
 #98

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.

Now the transaction of bitcoin was totally hard one,even though we are paying 10+ dollars as the fee.The transaction time was around 5 hours,the reason of this was many new people get into the bitcoin trading.The biggest reason behind this was the more traffic in the current situation of the bitcoin transaction.If you want immediate funds,you can do the transaction or else hold till the price of transaction become normal again.The reason behind this was the bitcoin was top the market and had demand in both the bull and bear markets.

Lots of people new to crypto say this & it’s a sure fire way to lose your money. So many altcoins rug pull & people lose everything. Bitcoin is time proven & beats inflation, it’s the best asset to invest in. You might not get rich fast but put that $2,000 into Bitcoin & DCA as much as possible, you will do well.

The trader who get into the bitcoin market will try to buy at all the price,but this is not the right thing.Because buying at the bear run was the important one.Bitcoin will give profit at any price buying,but buyers should concentrate on buying at the bear to get more money profit.

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December 27, 2023, 12:06:52 PM
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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
Years or months after Bitcoin is created, its value is already high, so many people are not willing to afford one Bitcoin. Much more at this very point. Its performance through the years and the information available are still not enough reason for the majority to buy a whole coin. So, they just buy in smaller portions.

It is usually when the price dips before they do it. While for some, they are using that method you said there, which was Dollar Cost Averaging. This is better than the previous one, as it allows us to buy immediately and we can experience less stress or pressure here because we are not minding the price of bitcoin and also the the capital that we put in.
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December 27, 2023, 12:26:51 PM
 #100

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 is not too expensive for you. We are still expecting the bitcoin price to double as it’s now. We are expecting the bitcoin price to surpass $100k. Therefore, if you invest $2k, it is still good. We have a method called dollar cost averaging (DCA). You can use such a method to invest in bitcoin even at the current price. So I think you should think of saying that the price is too expensive. You are not late. Don't think like that. You may lose opportunity. If you invest now, you will get profit from your investment if you leave it for a long period of time. I believe everybody who views this thread and comments will tell you the same thing; you haven't been late.

However, you are asking if bitcoin will provide a better opportunity that will make you invest in it. Although we are not here to convince people before they invest, we use the knowledge we have to educate other newcomers to invest in bitcoin. In the process of your learning, you will be the one to determine for yourself whether bitcoin will provide better opportunities in the future or not.

 If not for us, we believe it will do, and definitely that is what everybody here believes, so I think while you are learning, you will also believe because bitcoin investment and the whole technology it has are based on how someone views it. Anybody who views it as a means of payment, that is how he will use it; others may view it as an asset or investment, that is what they will use it for, so the choice is yours. Now you will be the one to decide for yourself.

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