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Author Topic: Bitcoin is Too Expensive For Me.  (Read 811 times)
FinneysTrueVision
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December 28, 2023, 05:17:34 AM
 #121

$2000 is almost 50 mBTC. That is still a considerable amount of Bitcoin that you can afford. There are many people who started in Bitcoin only doing $10 weekly buys and after many years it has come to be worth a significant amount. It is not about how much money you have today. You have to think ahead for the long term. DCA'ing is a popular strategy that doesn't require a large amount of money. You could even find ways of earning Bitcoin in your spare time to supplement your investment.

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December 28, 2023, 05:29:18 AM
 #122

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.
when it comes to investing in Bitcoin, the interesting thing is that you don't need to have the equivalent of 1 bitcoin before making your initial investment, with as low as 100 dollar , you can make your first investment which gives a spare $1900 left in your hand.

The jerk is to invest a reasonably high that won't put you in a condition of regretting ever making the investment in cases when you experience a momentary drop in the price of bitcoin. Start small and grow big and soonest you will be the advising those coming behind you.

Wish you the best of luck.

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December 28, 2023, 06:21:48 AM
 #123

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.
Apart from you, of course there are those with a smaller investment value and everyone can have Bitcoin because you can buy it in fractions, not whole 1 Bitcoin, so whatever money you have, you can start investing, only if you buy on a centralized exchange, you have to consider withdrawal fees, make a withdrawal every time you buy Bitcoin because it will make your investment costs higher, withdrawing it after making more than 2x purchases would be better and save it in your personal wallet to avoid CEX going down.

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December 28, 2023, 08:02:56 AM
 #124

You don't invest based on how many thousands of dollars Bitcoin is worth but when you invest you think that this investment is just your start and that's how you keep investing. When you can convince the mind like this, the mind will be much stronger and you will be able to have enough confidence in the investment. I think $2,000 is a pretty good amount of money to invest. Most investors start their investments with much less money than this. It is not important how much money you start investing but whether you are able to make your investment consistently. If a sudden investment of five thousand dollars can be invested continuously for four years, then it is possible to accumulate more money by investing continuously than by suddenly investing.

This is the mistake most of the newbie make as just by looking at the price of Bitcoin or even any other coin if it's high they think that the price will not increase any further and they consider shit coins valued few cents or under $1 with the foolish mindset that it will reach the same value as Bitcoin and they would get huge returns. Education about how the value of crypto cannot reach beyond a limit should be understood and people should have idea about market cap and all.

$2k is a good amount of investment if utilized properly.
They don't look at potential but they look at how low the price of a coin is and what percent increase in 24 hours and which coin has the most volume. They are under the impression that if they buy a coin with two to three zeros after the decimal, if the price of that coin goes up a little, they can earn a lot of profit. But before investing, they don't think that if they invest in bitcoin, the value of that bitcoin may drop down by a few zeros. One of the most reliable coins for investment is Bitcoin and there is no coin above this coin for investment. $2000 is enough to invest and some people start investing with $50 to $100 so OP here can feel free to invest in bitcoin with $2k if he wants.

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December 28, 2023, 08:19:39 AM
 #125

That's funny how the dude says that $2K is not enough to invest in Bitcoin when others just invest $50 or so every month and feel good about that. It's all about perspective and state of mind.

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December 28, 2023, 08:46:37 AM
 #126

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.
Don't think Bitcoin is too expensive for you, start investing in Bitcoin you don't need to buy 1 Bitcoin. You can buy as many as you like by applying the DCA method. Over time you can have 1 Bitcoin but with the condition that you must be consistent with the DCA method and need something called patience

Apart from that, I think to start investing with $2k, this is more than enough, you just need to hold it for the long term, moreover we will enter a bitcoin halving, of course every bitcoin halving, bitcoin will reach a new ath. so you can make a profit from your bitcoin investment. Bitcoin is a valuable asset and a rare asset someday so it is never too late or too expensive to start investing in bitcoin. Maybe this is my suggestion to change your mindset about Bitcoin investment.

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December 28, 2023, 09:18:59 AM
 #127

If you have basic investment skills and really understand the Crypto currency industry. Of course, you know exactly where your money is betting on which coins, of course investment is not just profit, prices are very fluctuating, of course there are risks too. It takes quite a long time for you to get the profit you want.

Of course, Bitcoin, as we know, is a coin that is quite strong against inflation, and of course if you think the price is too high, maybe there are other alternative coins that can get multiple profits.


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December 28, 2023, 09:24:58 AM
 #128

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.
Big and successful investors these days do not instantly invest big time, but started on scratch just like everyone else. Their capital may be small but their motivation is big, so they weren't easily discouraged even with small amount of bitcoin purchases. And this is what I've been trying to integrate in yourself and make you realize that there's no small in an investment, only limited and narrow minded people who's minds are closed to possibilities and opportunities.

My point is don't be disappointed because of the current expensive price for bitcoin. That means bitcoin is highly susceptible to growth and development. Motivate yourself to invest more even with a small capital. Bitcoin does not require its buyers to buy the whole bitcoin, start buying small portions first and let it grow in time.

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December 28, 2023, 09:42:31 AM
 #129

You don't invest based on how many thousands of dollars Bitcoin is worth but when you invest you think that this investment is just your start and that's how you keep investing. When you can convince the mind like this, the mind will be much stronger and you will be able to have enough confidence in the investment. I think $2,000 is a pretty good amount of money to invest. Most investors start their investments with much less money than this. It is not important how much money you start investing but whether you are able to make your investment consistently. If a sudden investment of five thousand dollars can be invested continuously for four years, then it is possible to accumulate more money by investing continuously than by suddenly investing.

This is the mistake most of the newbie make as just by looking at the price of Bitcoin or even any other coin if it's high they think that the price will not increase any further and they consider shit coins valued few cents or under $1 with the foolish mindset that it will reach the same value as Bitcoin and they would get huge returns. Education about how the value of crypto cannot reach beyond a limit should be understood and people should have idea about market cap and all.

$2k is a good amount of investment if utilized properly.
They don't look at potential but they look at how low the price of a coin is and what percent increase in 24 hours and which coin has the most volume. They are under the impression that if they buy a coin with two to three zeros after the decimal, if the price of that coin goes up a little, they can earn a lot of profit. But before investing, they don't think that if they invest in bitcoin, the value of that bitcoin may drop down by a few zeros. One of the most reliable coins for investment is Bitcoin and there is no coin above this coin for investment. $2000 is enough to invest and some people start investing with $50 to $100 so OP here can feel free to invest in bitcoin with $2k if he wants.
Sooner or later, they would really be able to realize on whats this and whats that. They do really just simply lacking those basic principles and other stuffs on which they would be later be able to encounter it out on which it would really be just that right that they would really be making adjustments out of that. So it would really be that comes normal that people would really be learning up their way through experience.
Bitcoin is expensive? It isnt necessary necessary for you to buy a whole coin but instead you could really be able to accumulate in fractions. Also, you should really just invest on the amount that you can afford to lose and never ever consider yourself on going all in with your life savings so that you would really be able to avoid on panicking whenever the market would really become that negative.

There are ones who are really that be sensible on the actions that they would really gonna do on the time that they would really be able to gain up that experience and awareness
but there are those people who would really be just sit down and would really be that idle on the time that they would really be having those kind of laziness or really just that afraid on taking up
some risks when it comes to this manner.
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December 28, 2023, 09:48:23 AM
 #130

That's funny how the dude says that $2K is not enough to invest in Bitcoin when others just invest $50 or so every month and feel good about that. It's all about perspective and state of mind.
OP doesn't know the value of the money he has, $2k is not enough to be contented with but can go a long way in investing it into Bitcoin.
It's not as compulsory to get the whole Bitcoin before being contented, not having enough to invest means building our portfolio with little fractions of Bitcoin.

Permit me to say Bitcoin is not expensive as we think, just that we have little or no money to get the amount we desire, their are people in the world who holds upto 100 BTC, I belive they are same humans as we. All Fingers are not equal, so accumulate according to what you have.

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December 28, 2023, 10:31:23 AM
 #131

If you have 2k that you can spare for investment purposes, I will advice you to invest it into Bitcoin for now and don't stop there, some people can't afford this much and they are fine using $30 every month to invest in Bitcoin, you have no idea what's about to happen, with 2k invested in Bitcoin you can turn the money to  8k or 10k soon.

If you are looking forward to make six figures using this amount then you are on your own, because this is not possible any time soon, maybe some years down the road but not in this next bull market.

I prefer to DCA down the road for better numbers of Bitcoin because of price volatility, my advice is you should keep buying, don't let the 2k be your last step with Bitcoin, you will get better returns if you invest more money, I wish all the best, good luck.

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December 28, 2023, 12:46:32 PM
 #132

One of my plans before is to continue my monthly DCA until bitcoin reaches $50k. I don't know but I already missed 3 months including this December. I felt bitcoin was already becoming expensive and that I thought I could buy at a discount. So far, the more I waited, the more the price increases. I think I had the opportunity to buy bitcoin at $26k last October but I insisted on waiting a bit. My October DCA would've been valued at 150% and my November DCA at around 125%.

I wasted some opportunities but it is what it is. Now I have to stick to my plan B which is to wait for bitcoin to drop below $40k to continue my DCA and of course to fill my 3 months backlog.

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CageMabok
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December 28, 2023, 01:12:01 PM
 #133

That's funny how the dude says that $2K is not enough to invest in Bitcoin when others just invest $50 or so every month and feel good about that. It's all about perspective and state of mind.
Maybe the man's thoughts are very different from the thoughts of other people who are more grateful for investing $50 or more each month. Even though I myself think that capital of $2K is quite good for investing in Bitcoin because the amount will be immediately visible if he buys it with an amount of money around $2K. So I also find it surprising when a guy says that much money isn't enough for an investment like Bitcoin that other people can do with even smaller amounts than that.

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December 28, 2023, 01:30:30 PM
 #134

 You are not the only person who cannot buy a whole Bitcoin now, it has become too expensive not only for you. But you can buy Bitcoin in parts, determine a convenient amount for you and start buying, you will have many questions, but you will learn everything. Just keep in mind that Bitcoin is entering a bull market and it has already been growing throughout 2023, try to study Bitcoin yourself and understand whether it was worth buying right now or perhaps you should wait for some kind of correction.

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December 28, 2023, 01:33:52 PM
 #135

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 have minimal knowledge about Bitcoin then when to invest that is the right time Bitcoin price will go higher even if you have $2k assets to invest it not less. Investing in Bitcoin in the future will give you greater opportunities if you can only hold on to it for the long term. If you invest now you will get more profit if the price goes up.

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December 28, 2023, 01:39:00 PM
 #136

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.

Trust me Bitcoin was too expensive for us too in the past. We thought we've already missed the great opportunity but time thought us it's never too late. If you think about long term investment start today and you will be surprised in a couple of years how your wealth increased. If you want to make a quick money with no effort then yes, Bitcoin is too expensive for you. But if your plan is 10-20 years you will gain a lot with Bitcoin. Don't waste your time and money with altcoin lottery, because it doesn't always go as expected.
For people who want to make quick money from bitcoin it seems it is too late and expensive for them to buy bitcoin but this is untrue,  this is just how they feel towards bitcoin because they just want to make profits from it so fast.  One of the sad things about bitcoin   the more one keeps complaining the more opportunity wasting. No amount of Bitcoin is expensive, every amount can yield good profits if people can have the mindset of investing it for a longtime.

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December 28, 2023, 01:42:51 PM
 #137

The Bitcoin door is open to everyone, not just the bigwigs with bulging portfolios. Owning one whole BTC might sound daunting, but the DCA method is like a magic door key, letting even small investors sneak in and gradually build their stash. It's not about starting with a Everest-sized mountain of cash, but about consistently chipping away, brick by brick, until you've built your own Bitcoin castle.

And let's be honest, the true measure of a Bitcoin investor isn't the size of their initial investment, but the grit they show in holding on. Patience is the ultimate superpower here. Sure, the market might do a jig or two, sending your precious coins on a rollercoaster ride, but the real magic happens when you resist the urge to panic-sell and stay put, letting time do its thing. Remember, those who planted Bitcoin seeds years ago are now reaping the harvest, their patience blossoming into a tropical paradise of financial freedom.

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December 28, 2023, 01:46:26 PM
 #138

Trust me Bitcoin was too expensive for us too in the past. We thought we've already missed the great opportunity but time thought us it's never too late. If you think about long term investment start today and you will be surprised in a couple of years how your wealth increased. If you want to make a quick money with no effort then yes, Bitcoin is too expensive for you. But if your plan is 10-20 years you will gain a lot with Bitcoin. Don't waste your time and money with altcoin lottery, because it doesn't always go as expected.
Bitcoin is always expensive for people who don't believe in Bitcoin blockchain and how it already changed the world and will continue to do this mission.

Bitcoin is cheap for people who believe in future of Bitcoin and bigger thing, cryptocurrency market and blockchain industry. With them, buying bitcoin in 2023 is cheap and a good opportunity they will not want to miss.

Bitcoin is for everyone because they can buy it with like $20 or $50, and they can do it gradually with DCA. With time, with DCA, their total capital investment in Bitcoin will be bigger than $50, much bigger than this.

For people who want to make quick money from bitcoin it seems it is too late and expensive for them to buy bitcoin but this is untrue,  this is just how they feel towards bitcoin because they just want to make profits from it so fast.  One of the sad things about bitcoin   the more one keeps complaining the more opportunity wasting. No amount of Bitcoin is expensive, every amount can yield good profits if people can have the mindset of investing it for a longtime.
Bitcoin is still good for investment that is different than speculation or gamble. Investment requires a long time of holding bitcoin and wait for profit. You will get it if you can hold and wait, have strong hands against fud.

It is obvious that Bitcoin is no longer good for quick rich chance but even quick is not clear and it is different with many people.

If it is like 4 years or 8 years, I think it is acceptable to wait to be rich and it is not a too long time. I joined this market in 2017 and now it is already 7 years.
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December 28, 2023, 02:52:14 PM
 #139

One of my plans before is to continue my monthly DCA until bitcoin reaches $50k. I don't know but I already missed 3 months including this December. I felt bitcoin was already becoming expensive and that I thought I could buy at a discount. So far, the more I waited, the more the price increases. I think I had the opportunity to buy bitcoin at $26k last October but I insisted on waiting a bit. My October DCA would've been valued at 150% and my November DCA at around 125%.

I wasted some opportunities but it is what it is. Now I have to stick to my plan B which is to wait for bitcoin to drop below $40k to continue my DCA and of course to fill my 3 months backlog.
Consistency is a common problem of us, no wonder about it but it was not totally regretting since you have also accumulated some. Unfortunately, we have missed some opportunities that we can't bring back. Well, we have to accept that some of our plans are never fulfilled because of some reason and financial circumstances. That is why I practice following my plan as much as possible and take it seriously thinking that I don't have to lose any opportunities.

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December 29, 2023, 04:54:40 AM
 #140

One of my plans before is to continue my monthly DCA until bitcoin reaches $50k. I don't know but I already missed 3 months including this December. I felt bitcoin was already becoming expensive and that I thought I could buy at a discount. So far, the more I waited, the more the price increases. I think I had the opportunity to buy bitcoin at $26k last October but I insisted on waiting a bit. My October DCA would've been valued at 150% and my November DCA at around 125%.

I wasted some opportunities but it is what it is. Now I have to stick to my plan B which is to wait for bitcoin to drop below $40k to continue my DCA and of course to fill my 3 months backlog.


Dude, you're not understanding what DCA is. The whole point of DCA is so that you DON'T try to time the market. Yet all you are talking about is how you are trying to time the market and that has caused you to miss out. So you aren't doing DCA. You're just trying to time the market and you're doing a bad job of it.

My advice to you is to stop trying to time the market and instead actually do DCA.

So start buying now, instead of waiting and hoping for it to drop below $40k (which it may never do). If DCA was your plan A, which you didn't do, and instead you tried out your plan B which was trying to time the market, and that is obviously going poorly for you, why would you feel that you HAVE TO stick to your plan B?!? Plan B is not working out for you. Stop trying to stick to it. All your plan B is doing is convincing you to not buy bitcoin lol. Go back to your original idea of DCA and actually follow through on it by starting it now.
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