Bitcoin is not expensive

[drangos]

I believe the price of 1 BTC should be taken out of the discussion regarding affordability and fair valuation of Bitcoin. One BTC can be broken down into 100 million satoshis. Which means that people don't necessarily have to wait until they have enough money to buy a full Bitcoin. But divisible is not synonymous with cheap and a good investment. An important question is whether the investment amount is within one's budget and whether the price is reasonable considering the risk. Old prices may make today seem like a great deal when it wasn't then. As the future is not guaranteed.

[ndutndut]

Bitcoin is not expensive. Even if we look at the price from the year it started to the current price and then compare it with yesterday's ATH, it means we've already gone through a very deep drop. So we can conclude that bitcoin is not expensive especially since historically, in every cycle bitcoin will set a new ATH. I mean, if you have a good mindset about bitcoin every moment is the best time to keep buying consistently.

The most important thing is actually to do DCA with Bitcoin. By buying a little bit regularly, anyone can accumulate without having to wait for the lowest price. This strategy makes Bitcoin feel not expensive because it's accessible to everyone, not just those with big capital. As long as your mindset is disciplined and focused on long term accumulation dips like now can actually be an opportunity, not a reason to stop, and this definitely makes us not feel like Bitcoin is too expensive right now.

[Mayor of ogba]

Since both the poor and rich people in the world can easily buy a portion or fraction of bitcoin, bitcoin isn't yet expensive. The only time I will accept that bitcoin is expensive that is only when the rich people are the only ones capable of buying a portion or fraction of bitcoin. Anyone that can't buy one bitcoin at once shouldn't see bitcoin as an expensive asset yet, the person can deploy the DCA strategy and be buying bitcoin according to his or her discretionary income (spare money).

[Iranus]

Since both the poor and rich people in the world can easily buy a portion or fraction of bitcoin, bitcoin isn't yet expensive. The only time I will accept that bitcoin is expensive that is only when the rich people are the only ones capable of buying a portion or fraction of bitcoin. Anyone that can't buy one bitcoin at once shouldn't see bitcoin as an expensive asset yet, the person can deploy the DCA strategy and be buying bitcoin according to his or her discretionary income (spare money).

Our financial situation are not the same, so whether Bitcoin is expensive or cheap depends on the person. There's no universal standard that says Bitcoin expensive or cheap just because some group can or cannot afford it.

Also being able to buy tiny fraction of an asset doesnt mean that asset's cheap. And DCA just lets you buy in small chunks, it does not change Bitcoin's price.

Imo, arguing whether Bitcoin is expensive or cheap is not really the point. The better question is whether it still has potential and whether current price makes sense for your goals and financial situation.

[Awaklara]

Imo, arguing whether Bitcoin is expensive or cheap is not really the point. The better question is whether it still has potential and whether current price makes sense for your goals and financial situation.

When someone wants to invest, the consideration should not really be whether the price of the asset is expensive or cheap. When investing, we indeed need to look at the potential value of the asset in the future. But unfortunately, some beginners are still afraid to invest in Bitcoin, whether because of its price or because of the price volatility in the market. We cannot blame people like that, because they do not have the knowledge that strengthens their determination to invest. Actually, it is indeed not a matter of whether the price is high or low.

[Olatundespo]

Some people always think bitcoin is expensive but it is not. For instance if 1 bitcoin is = $10,000 we will say it is too expensive and when we look at the price in next two years it can be double($20,000-$30,000) and we realize that bitcoin at $10,000 was very cheap and something very affordable. The future will always make us understand that bitcoin is not expensive, we only miss expensive opportunities that we won't be able to get back.

Actually not everyone thinks so. Those who have basic knowledge about Bitcoin will say that now is the right time to buy Bitcoin. Those who are still watching from the outside how aggressively and in a short period of time the price of Bitcoin has increased so much may say that the value of this digital asset is too high. If you do not have the financial capacity, you do not have to buy the entire 1BTC. Buy Bitcoin fractions as much as you have the financial capacity. If the weekly minimum is $10/$20, you can easily buy Bitcoin SAT. As a result of long term accumulation you can get a full Bitcoin.

Bitcoin is not expensive because its supply is limited and it has not yet reached the level of potential for price increase. It is almost certain that the price will increase as its supply more shortage occurs (Holders will not want to sell Bitcoin) in the future.

[Itz-prisigold]

Imo, arguing whether Bitcoin is expensive or cheap is not really the point. The better question is whether it still has potential and whether current price makes sense for your goals and financial situation.

You are right. Instead of just sitting there and patiently waiting for the price of Bitcoin to get to a level where it will look affordable for you,  it's just better to ask yourself if the current price is something you can work with and if it's fit your plans.  The truth is that nobody knows what the future price of Bitcoin will look like, and that does not mean someone should be waiting for a perfect price because waiting for a perfect price also means missing an opportunity.  What really matters to you is not about trying to find the lowest price, but deciding on something that you can afford and be comfortable to stick with it.

[Z_MBFM]

Some people always think bitcoin is expensive but it is not. For instance if 1 bitcoin is = $10,000 we will say it is too expensive and when we look at the price in next two years it can be double($20,000-$30,000) and we realize that bitcoin at $10,000 was very cheap and something very affordable. The future will always make us understand that bitcoin is not expensive, we only miss expensive opportunities that we won't be able to get back.

Everyone has to accept that Bitcoin is expensive, but based on their financial situation, everyone considers Bitcoin to be expensive from their own perspective. If a person earns $400 per month, it will not be possible for him to buy a good amount of Bitcoin because he will not have much money left after his monthly expenses. But if someone earns $10,000 per month, Bitcoin will not seem too expensive for him because the amount he earns per month can buy 0.1 or more Bitcoins. Not only in the case of Bitcoin, the price of anything is considered differently by different people based on their financial situation. Some things are very expensive for some and very easy for others.

[Princess Leah]

Everyone has to accept that Bitcoin is expensive, but based on their financial situation, everyone considers Bitcoin to be expensive from their own perspective. If a person earns $400 per month, it will not be possible for him to buy a good amount of Bitcoin because he will not have much money left after his monthly expenses. But if someone earns $10,000 per month, Bitcoin will not seem too expensive for him because the amount he earns per month can buy 0.1 or more Bitcoins. Not only in the case of Bitcoin, the price of anything is considered differently by different people based on their financial situation. Some things are very expensive for some and very easy for others.

There's no doubt that Bitcoin isn't expensive, with the current price I doubt if some people can afford buying up to one Bitcoin but the price doesn't stop such kind of people from owning it which is where they get wrong. Many of those set of people who feel Bitcoin is very expensive don't understand that they can still own it.

 If they know that they can gradually buy as little as possible with what their discretionary fund can afford and do that consistently for years they could end up owning up to one of it or more in future. The price of Bitcoin doesn't stop anyone from owning it, just that people don't know about the DCA.

[Tonimez]

Some people always think bitcoin is expensive but it is not. For instance if 1 bitcoin is = $10,000 we will say it is too expensive and when we look at the price in next two years it can be double($20,000-$30,000) and we realize that bitcoin at $10,000 was very cheap and something very affordable. The future will always make us understand that bitcoin is not expensive, we only miss expensive opportunities that we won't be able to get back.

Everyone has to accept that Bitcoin is expensive,

I guess you wanted to say that "Everyone has to accept that Bitcoin is NOT expensive.. yes, bitcoin is not expensive, at least now this time because when you consider where the price of bitcoin has been to before this fall, you will realise that bitcoin is still very cheap this time and the best you can do is buy the much you can afford to buy and then HODL for the long term. The price of bitcoin should not be weighed based on the current price but based on the fact that it preserves your funds and still pose the possibility of profit over a long-term HODLing.

...but based on their financial situation, everyone considers Bitcoin to be expensive from their own perspective.

It's someone who does not understand bitcoin very well that will have such perception because one does not have to buy one bitcoin to become a bitcoin owner. Bitcoin can be acquired with a minimal amount, so if anyone is looking at the price and waiting to buy one bitcoin at once, then he may never be opportuned to have such money as a discretionary fund especially as a middle class or lower class.

If a person earns $400 per month, it will not be possible for him to buy a good amount of Bitcoin because he will not have much money left after his monthly expenses. But if someone earns $10,000 per month, Bitcoin will not seem too expensive for him because the amount he earns per month can buy 0.1 or more Bitcoins. Not only in the case of Bitcoin, the price of anything is considered differently by different people based on their financial situation. Some things are very expensive for some and very easy for others.

I don't know the amount of bitcoin you choose to refer to as a reasonable amount of bitcoin because bitcoin investment is basically done within an individual's financial capacity and not in relation to any else. You can not be measuring your bitcoin stash as a lower class or middle class, you can't measure your success with the achievement of the elite investors like the strategy.

This means that it's wrong to say that an individual earning $400 monthly would not have a good amount of bitcoin. All he needs is to be consistent in his accumulation and ensure that he's not being overly aggressive to the extent that may cause him to sell prematurely. Bitcoin investment is personal and should be treated as such, if you pressure yourself because of the amount of bitcoin someone else is buying, then you're bound to make a mistake in your accumulation process.

Earning $10,000 does not even guarantee that a person will be willing to buy 0.1 Bitcoin because a person earning $10,000 can not have up to $8,600 as his Discretionary income which can buy 0.1 bitcoin as at the time of this post because the higher you earn, the larger your basic responsibilities and the more your emergency funds would also tend to be because rich men's emergency is tougher than a poor man's emergency situations (probably). Even at that, someone who's accumulating 0.1 bitcoin monthly is not also accumulating enough amount of bitcoin when compared to a higher class of people who acquire over 5 bitcoin at once or more.

So you shouldn't confuse beginners about the concept of "enough amount of bitcoin" because your goal should be true to yourself and be disciplined in your financial management and maintain a steady bitcoin accumulation and ensuring you buy with only your Discretionary income. Don't compare yourself to anyone, just be sure that you're not playing around or trying to time the market.

[kawetsriyanto]

There's no doubt that Bitcoin isn't expensive, with the current price I doubt if some people can afford buying up to one Bitcoin but the price doesn't stop such kind of people from owning it which is where they get wrong. Many of those set of people who feel Bitcoin is very expensive don't understand that they can still own it.

People always compare the current price with the previous price. That's why people often say Bitcoin is expensive. But if we think about the potential rise of Bitcoin price in the next bullrun season, I agree that the current price isn't expensive. It is still quite cheap price to accumulate Bitcoin. Anyway, it is true that people can have Bitcoin with smaller numbers, it isn't a must to have 1 BTC.

If they know that they can gradually buy as little as possible with what their discretionary fund can afford and do that consistently for years they could end up owning up to one of it or more in future. The price of Bitcoin doesn't stop anyone from owning it, just that people don't know about the DCA.

Yep. People who do DCA, they can have a bigger number of Bitcoin in the future. However, not all people can keep doing it for years. Some people only do it for few weeks, then they are triggered to sell the Bitcoin when there is big rise in Bitcoin price. They suddenly sell the Bitcoin and they don't wait for the bullrun season to take profits. It is one of the reason that many people failed to own a big number of Bitcoin.

[Ummeettaa]

Bitcoin is not expensive. Even if we look at the price from the year it started to the current price and then compare it with yesterday's ATH, it means we've already gone through a very deep drop. So we can conclude that bitcoin is not expensive especially since historically, in every cycle bitcoin will set a new ATH. I mean, if you have a good mindset about bitcoin every moment is the best time to keep buying consistently.

The most important thing is actually to do DCA with Bitcoin. By buying a little bit regularly, anyone can accumulate without having to wait for the lowest price. This strategy makes Bitcoin feel not expensive because it's accessible to everyone, not just those with big capital. As long as your mindset is disciplined and focused on long term accumulation dips like now can actually be an opportunity, not a reason to stop, and this definitely makes us not feel like Bitcoin is too expensive right now.

I also don't think investing in Bitcoin is expensive or needs alot of money because it's an investment that is being done by poor, average and rich people all over the world.

Bitcoin investment can also be done or started with any amount one can afford, and also is reachable to everyone that have interest in buying and investing in it

Reachability of Bitcoin to everyone is one of my strong reasons why I finds it not expensive, because it's not like some other investment that requires a certain amount of money before investing.

[m2017]

Some people always think bitcoin is expensive but it is not. For instance if 1 bitcoin is = $10,000 we will say it is too expensive and when we look at the price in next two years it can be double($20,000-$30,000) and we realize that bitcoin at $10,000 was very cheap and something very affordable. The future will always make us understand that bitcoin is not expensive, we only miss expensive opportunities that we won't be able to get back.

"Bitcoin is not expensive", than it will cost tomorrow.

Everything in this world is relative, even the bitcoin's price. What seemed expensive "yesterday" looks cheap "today", and will seem very cheap "tomorrow" (due to volatility ).

I remember perfectly well the moment bitcoin hit $10k. At the time, it seemed overpriced, and it turned out to be, since the price dropped later, as well as something unthinkable and impossible. No one expected it. It was incredibly expensive. But look at the current rate now: if you offered bitcoin to anyone for $10k., they’d snap it up in a heartbeat.

Bitcoin is "expensive" in different ways for different people. For someone earning, say, $100k.\ month, even the current price of bitcoin is quite affordable. But what about someone earning $500? Or $50? Income levels vary by country, don't they?

But you are right about one thing: "tomorrow", bitcoin will never cost less than it did "yesterday". If  miss the opportunity now, you’ll have to pay double (or triple) the price "tomorrow".

[AmaGold70]

I think Bitcoin is affordable regardless of the price surge, and investors who wants to own either a whole Bitcoin or part of it should not have the present price as an excuse. Investing now is right because the future of Bitcoin remains bullish. To me, any one can purchase Bitcoin if you really want to, you must not purchase a whole Bitcoin, this is the opportunity that Bitcoin gives to investors, and anything from $10 upward can give you some fractions of Bitcoin. There are many who own a whole Bitcoin today, they didn't buy it at once, it was a gradual accumulation over some years possibly through the method of DCA. Bitcoin is always acheiving a new high every bull season, so when you miss the opportunity of buying today, you will definitely buy in a higher price in future.

[sotelorene]

I think Bitcoin is affordable regardless of the price surge, and investors who wants to own either a whole Bitcoin or part of it should not have the present price as an excuse. Investing now is right because the future of Bitcoin remains bullish. To me, any one can purchase Bitcoin if you really want to, you must not purchase a whole Bitcoin, this is the opportunity that Bitcoin gives to investors, and anything from $10 upward can give you some fractions of Bitcoin. There are many who own a whole Bitcoin today, they didn't buy it at once, it was a gradual accumulation over some years possibly through the method of DCA. Bitcoin is always acheiving a new high every bull season, so when you miss the opportunity of buying today, you will definitely buy in a higher price in future.

Very much affordable, the problem is that some people don't know how to go about it while some people knew but they are calculating when and how long it will take them to accumulate a whole Bitcoin when they know they don't have that kind of capacity and if someone is having this kind of thought in their head the next thing that will come is loss of interest. Some people do not want to start small or somewhere, they just want to make things happens which is not possible unless they are magicians or they have a high level of grace that others don't have.

[Xackie]

I think Bitcoin is affordable regardless of the price surge, and investors who wants to own either a whole Bitcoin or part of it should not have the present price as an excuse. Investing now is right because the future of Bitcoin remains bullish. To me, any one can purchase Bitcoin if you really want to, you must not purchase a whole Bitcoin, this is the opportunity that Bitcoin gives to investors, and anything from $10 upward can give you some fractions of Bitcoin. There are many who own a whole Bitcoin today, they didn't buy it at once, it was a gradual accumulation over some years possibly through the method of DCA. Bitcoin is always acheiving a new high every bull season, so when you miss the opportunity of buying today, you will definitely buy in a higher price in future.

You are right, there's no reason for an investor to get discouraged because of bitcoin price. It has really been an excuse that most people use to avoid investing into bitcoin for years now .  When bitcoin first got to $10k people said its expensive, it went to 20k,60k,120k+ and people are still saying it expensive. So this excuse or procrastination of thing wont end for the unbeliever. The important thing is just to hold some piece of it, it's not a must that an investor must even have up to 1 BTC before they can profit from it.  $10 used for accumulating can worth something in 4-6 years time if you are able to accumulate consistently maybe weekly. 
What matters most is building the habit and allowing those small amounts to add up over time and not being hurry to make quick profit overnight.

[cryptomaniac_xxx]

I think Bitcoin is affordable regardless of the price surge, and investors who wants to own either a whole Bitcoin or part of it should not have the present price as an excuse. Investing now is right because the future of Bitcoin remains bullish. To me, any one can purchase Bitcoin if you really want to, you must not purchase a whole Bitcoin, this is the opportunity that Bitcoin gives to investors, and anything from $10 upward can give you some fractions of Bitcoin. There are many who own a whole Bitcoin today, they didn't buy it at once, it was a gradual accumulation over some years possibly through the method of DCA. Bitcoin is always acheiving a new high every bull season, so when you miss the opportunity of buying today, you will definitely buy in a higher price in future.

It's affordable to everyone, the thing is that there are small investors, the majority of us who thinks that it's hard to buy it because of the price is to steep for us. But if you look at the best strategy like doing DCA, we can spend $100.00 in a month to buy it and I think most of us can achieved it.

So instead of complaining that it's too expensive, everyone should try to do DCA and see how it goes. If you can't afford $100.00 then try $50.00, as long as you are confident with the money that you are going to invest, everyone should be fine. And then you won't realized it, that maybe you are doing it for years and so the profits is already there for us if we have that kind of mindset to go on a long term investment journey here.

[Umulala-alala]

I think Bitcoin is affordable regardless of the price surge, and investors who wants to own either a whole Bitcoin or part of it should not have the present price as an excuse. Investing now is right because the future of Bitcoin remains bullish. To me, any one can purchase Bitcoin if you really want to, you must not purchase a whole Bitcoin, this is the opportunity that Bitcoin gives to investors, and anything from $10 upward can give you some fractions of Bitcoin. There are many who own a whole Bitcoin today, they didn't buy it at once, it was a gradual accumulation over some years possibly through the method of DCA. Bitcoin is always acheiving a new high every bull season, so when you miss the opportunity of buying today, you will definitely buy in a higher price in future.

You are right, there's no reason for an investor to get discouraged because of bitcoin price. It has really been an excuse that most people use to avoid investing into bitcoin for years now .  When bitcoin first got to $10k people said its expensive, it went to 20k,60k,120k+ and people are still saying it expensive. So this excuse or procrastination of thing wont end for the unbeliever. The important thing is just to hold some piece of it, it's not a must that an investor must even have up to 1 BTC before they can profit from it.  $10 used for accumulating can worth something in 4-6 years time if you are able to accumulate consistently maybe weekly.  
What matters most is building the habit and allowing those small amounts to add up over time and not being hurry to make quick profit overnight.

People can't be force to invest in bitcoin, if they say the price is too expensive for them that they won't buy its still left for them and it doesn't mean that other people are not stacking up BTC. At bitcoin early time there were people who also refuse to invest in bitcoin giving one excuses to another, and then bitcoin price wasn't high which would have been an opportunity for them to be a holder but most of them regreted it when they saw the progress that BTC was making.

Any one who is complaining that the price is high now to buy could either be a doubting thomas about bitcoin or a trader who wants to engage in it when the price will dip so they could sell when it make an upward trend, investors who wants to invest in bitcoin will start gradually using the dca strategy when they have any left over income without giving this excuses of the price of BTC been too high.

[Hewlet]

I believe the price of 1 BTC should be taken out of the discussion regarding affordability and fair valuation of Bitcoin. One BTC can be broken down into 100 million satoshis. Which means that people don't necessarily have to wait until they have enough money to buy a full Bitcoin.

Well, i guess the only people that are in the category of those who sees bitcoin in unit and term it to be expensive are the newbies. the older investors already knows that regardless the worth of one bitcoin, it division into smaller fraction that is called the sats allows investors to buy smaller bitcoin without buying everything at a go.

Most investors knows that with as low as $20, $40, $100 or so on you can still buy your bitcoin. it is only early investors that had the privilege of buying onw whole bitcoin and it didn't look like a lot. for us now, apart from whales and big institution, we can only boast of buying bitcoin in smaller fraction.

[Rabata]

I think Bitcoin is affordable regardless of the price surge, and investors who wants to own either a whole Bitcoin or part of it should not have the present price as an excuse. Investing now is right because the future of Bitcoin remains bullish. To me, any one can purchase Bitcoin if you really want to, you must not purchase a whole Bitcoin, this is the opportunity that Bitcoin gives to investors, and anything from $10 upward can give you some fractions of Bitcoin. There are many who own a whole Bitcoin today, they didn't buy it at once, it was a gradual accumulation over some years possibly through the method of DCA. Bitcoin is always acheiving a new high every bull season, so when you miss the opportunity of buying today, you will definitely buy in a higher price in future.

You are right, there's no reason for an investor to get discouraged because of bitcoin price. It has really been an excuse that most people use to avoid investing into bitcoin for years now .  When bitcoin first got to $10k people said its expensive, it went to 20k,60k,120k+ and people are still saying it expensive. So this excuse or procrastination of thing wont end for the unbeliever. The important thing is just to hold some piece of it, it's not a must that an investor must even have up to 1 BTC before they can profit from it.  $10 used for accumulating can worth something in 4-6 years time if you are able to accumulate consistently maybe weekly.  
What matters most is building the habit and allowing those small amounts to add up over time and not being hurry to make quick profit overnight.

People can't be force to invest in bitcoin, if they say the price is too expensive for them that they won't buy its still left for them and it doesn't mean that other people are not stacking up BTC. At bitcoin early time there were people who also refuse to invest in bitcoin giving one excuses to another, and then bitcoin price wasn't high which would have been an opportunity for them to be a holder but most of them regreted it when they saw the progress that BTC was making.

Those who evaluate Bitcoin only by its price will be the ones who will suffer. A common problem for some people is that they see the price of Bitcoin as being too high at the level they see it at, but when it exceeds that price, they regret the previous price. In the case of Bitcoin, we have often seen that after touching a ATH, many people may have thought that it was the end and that no new ATH would come after it, but that idea changes in the next bull run. If we observe the price of Bitcoin after the halving for several years, then each halving has increased the value of this Bitcoin.


https://www.coingecko.com/research/publications/when-bitcoin-all-time-highs

There are enough reasons for this to happen repeatedly in the case of Bitcoin, one of which is that it has a fixed supply. Since the supply of Bitcoin is limited, its demand also always increases. For this reason, the idea that someone will wait for the price of Bitcoin and buy Bitcoin when the price drops must be avoided, otherwise it will be difficult to buy Bitcoin.