Bitcoin is not expensive

[Sobz]

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.

[EL MOHA]

One thing you need to understand is there is critics to anything and they only spread fear and uncertainty to those intending to invest and one of those ways is making people think that bitcoin is expensive so they don’t invest into it there by losing the opportunity to even get in very early.

One can agree that for an average class person bitcoin is more or less expensive bitcoin has its own units called satoshi which you can invest in for as low as even less than $10. So the excuse of it been expensive is totally out of question

[Orpichukwu]

You can consider it very expensive if the value of what you will get won't be up to what you paid for; that's only when I can consider bitcoin very expensive.
 
Another thing is that it's not compulsory that you buy a whole bitcoin before you can consider yourself a holder, as its design is divisible in nature, which means you can buy as little as you can afford and don't have to think about how expensive a whole bitcoin is by what you can afford.

[bangjoe]

It will look expensive if we don't understand the value that exists in bitcoin at any price, this relates to the object of everyone's judgment, if you look at the price in units of bitcoin it is certainly an expensive price, not everyone can afford to buy 1 bitcoin at today's prices.

But if you look at the potential value of bitcoin in the future and see the current price it will definitely look cheaper even if you don't buy 1 bitcoin, this will be something great if you stand in the right position in assessing bitcoin.

[philipma1957]

It will look expensive if we don't understand the value that exists in bitcoin at any price, this relates to the object of everyone's judgment, if you look at the price in units of bitcoin it is certainly an expensive price, not everyone can afford to buy 1 bitcoin at today's prices.

But if you look at the potential value of bitcoin in the future and see the current price it will definitely look cheaper even if you don't buy 1 bitcoin, this will be something great if you stand in the right position in assessing bitcoin.

And btc was 69 k in Nov 2021

It is now under 60k

Plus the price to mine a coin was far lower  in 2021.

So when you compare,btc today to Nov 2021 or April 2021 btc sucks.


We all know we could compare it to fall of 2022 say 16.9k to 59.5 k which means it is decent for the buyer of a coin in fall of 2022

And of course it is okay for anyone that got in before Oct 2020

[darkangel11]

Even the term itself can be understood differently depending on where you are and what your status is. Someone running a business in the US who earns over $100k a year will see a $50k bitcoin as good long term investment, while someone in Central Africa will see it as something impossible to achieve even after a decade of saving up.
I'm not going to say it's cheap now because $60k is a lot of money, but it's not getting much cheaper. It's like cars that used to cost you $10k for a new model in 2010, then 20k in 2020 and now that same car, just a newer model costs you over $30k. It's not because these cars are now so much better than they used to be but because of devaluation of fiat money. That's going to make bitcoin more and more expensive as time goes by. You won't be able to ever buy a $20k bitcoin. The last bear market was the last time you had your chance.

[South Park]

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 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.

The thing is that the term expensive is relative to begin with, for someone 10k may be a fortune and for others it could be pocket change, so without a doubt someone that bought at that price and they compare it with the current price of bitcoin is happy with the performance of their investment right now, while someone that bought during the last quarter of 2021 is not really happy with what is going down, as after almost 3 years they are still sustaining some losses.

[Stalker22]

~

Yeah! Its wild how fast our ideas about value can change.  I recall when Bitcoin was just a couple grand.  At the time I thought, no chance, thats nuts!  But in hindsight, I definitely missed the boat on something huge there and  same goes for most stuff though right?  You dont fully get what somethings worth until its unavailable.  I think that applies double to Bitcoin.  But, its not only about the money, but feeling part of this massive phenomenon that wont come around very often.

[Odusko]

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.

If you want to make this kind of thread, I think the best way is to use the current price of bitcoin in your examples so that it can give your reader's a more closer understanding of what you are saying, between, I think bitcoin at any point is never expensive since you can buy any amount of Satoshi even if you not have the capacity to buy the whole bitcoin unit, those that believe that bitcoin is too expensive are newbies who doesn't have the basic know about bitcoin unit's and the pricing and they believe that when someone buy bitcoin it means the person will be buying the whole bitcoin, who's price for 1 bitcoin is quite expensive and out of the reach of many bitcoin investors, so for that having the Basic understanding is what makes the difference.
Some are buying tons of bitcoin while some others prefer to complain about the price of bitcoin, this is not new and it exists in many places, but having that experience to accumulate along the way up little by little, is key to future financial freedom.

[Coyster]

BTC is expensive for quite a lot of people to buy 1 or more of it in a lump sum, but one obviously does not have to buy it in a lump sum, buying any amount you can afford using the DCA strategy is perfect for any investor.

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.

It is volatile, so as it can rise, it can also fall. The thing is just that as an investor you have to be patient and expect ROI in the long term.

[tabas]

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.

The skeptics and those who keep on complaining will not understand that. What they want to say is always on their minds that it is expensive. There's truth in it because they're looking at the current price of it but they don't vision the future of Bitcoin. And so if the price now is $59k, they only look at the current price of it and not what's the potential price that it may grow. When it has grown 2x-5x this cycle, the same complaints we are going to hear from them that it is another series of being expensive. And the cycle goes on and off but their reasonings are going to maintain and will still be the same.

[JeffBrad12]

It's always expensive for people that hesitate to invest, bitcoin has already dumped below $50k for once these past few weeks and people still call it expensive.

so basically expensive or not it's relative to the people and their idea, personally I think BTC could easily reach $100k it's just matter of time, for most of people who aren't really into the narrative however will consider the current price
of bitcoin to be too expensive and when it dumps they'd say it's doomed where it really isn't. just take a look back at when FTX collapsed and BTC dumped so hard, so many people who are saying that they will buy when price dumped some of them aren't buying at all.

[bangjoe]

It will look expensive if we don't understand the value that exists in bitcoin at any price, this relates to the object of everyone's judgment, if you look at the price in units of bitcoin it is certainly an expensive price, not everyone can afford to buy 1 bitcoin at today's prices.

But if you look at the potential value of bitcoin in the future and see the current price it will definitely look cheaper even if you don't buy 1 bitcoin, this will be something great if you stand in the right position in assessing bitcoin.

And btc was 69 k in Nov 2021

It is now under 60k

Plus the price to mine a coin was far lower  in 2021.

So when you compare,btc today to Nov 2021 or April 2021 btc sucks.


We all know we could compare it to fall of 2022 say 16.9k to 59.5 k which means it is decent for the buyer of a coin in fall of 2022

And of course it is okay for anyone that got in before Oct 2020

Of course entering the ATL zone was a stroke of luck for everyone who bought at that time, and compared to today's prices it was certainly a bargain at that time.

To be honest autumn is always a favorite for anyone, but only a few people get into the pool, because as usual the fear will be much stronger at that time, I also only bought a small fraction at that time, and quite regret that I was not as active as the other days in buying bitcoin.

In another definition, everyone will be ready at the purchase price he thinks he is ready to buy.

[Poker Player]

To understand the behavior of the Bitcoin price one must understand, above all, volatility.

Of course entering the ATL zone was a stroke of luck for everyone who bought at that time, and compared to today's prices it was certainly a bargain at that time.

The problem when the price goes down so much is that you don't know if it will continue to go down more, and some people who had said “if the price of X goes down I'm going to buy a lot”, do the opposite: they get scared and sell.

If we look at it with historical perspective, of course, Bitcoin is still cheap: it is cheaper than it will be in 4 years and in 8 years.

[mich]

Well you are right Bitcoin is not so expensive. And right now we can buy cheap coins while there is this market 'correction'.

For me the best part about it is we dont have to buy 1 entire Bitcoin. Just some sats here and some stats there and then just hodl them.

[bestcoins1]

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.

It depends not only on each person's thinking but also on the amount of money they have because for rich people who have a lot of money, it is clear that the price of Bitcoin is not expensive so they can afford to buy it in large quantities. But for those who only have a little money, of course they will not be able to buy it in larger quantities even though they do not think the price of Bitcoin is expensive, so it depends on how we consider it because whether something is expensive or not still depends on the perception of each person.

[pakhitheboss]

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.

Anyone interested in buying Bitcoin will look to buy 1BTC in that sense it is expensive. It will become more expensive in the coming years and that is what they need to realize. I understand your point here but not everyone will be able to understand what you are trying to deliver with your thoughts. That is why everyone interested in buying Bitcoin is always suggested to go for Dollar-Cost Averaging (DCA). It will help them to invest in Bitcoin and at the same time, it will not be heavy on their pocket.

[Iranus]

When evaluating the value of an asset, we need to have an overview from its market capitalization to its use case, utility and application in practice. We should not just look at its price and quickly assert that it is too expensive and no longer suitable to start investing. Let's try to make a small comparison between bitcoin and gold, we can see that although bitcoin's price is many times higher than gold, its capitalization is only 1/15 of gold. Bitcoin's capitalization is just over 1 trillion while gold has a capitalization of more than 16 trillion, which shows that the upside potential of bitcoin is still huge.
There is no need to expect that bitcoin's capitalization will surpass gold, we only need bitcoin's capitalization value to be 1/2 of gold. We will realize that it is still very early to invest in bitcoin.

[Lucius]

Probably even today there are many people who think they can buy a minimum of 1 BTC, and for them the very idea of ​​investing in BTC is completely unattainable. But even when someone explains to them that they can buy 0.001 BTC and pay for it only about $60 (at today's prices), many will be a bit disappointed that they will have so little BTC and will rather buy something cheaper just to have 1 whole coin.

The high price of BTC compared to some 7-8 years ago is definitely driving ordinary people further away from it, and at the same time those for whom money is not a problem are accumulating more and more BTC. By the end of the decade, more than 50% of all BTC will be in the possession of various companies and wealthy individuals, and the share of small users will decrease more and more.

[$weetne$$]

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.

Buying one Bitcoin is expensive because a majority of people in the world can not afford to buy one Bitcoin when we are looking at how much it cost to own one Bitcoin but there is where the problem is because people are looking at Bitcoin like you have to buy one before you own a Bitcoin. They fail to see that you can own smaller quantity of Bitcoin without buying one Bitcoin and you still own Bitcoin. When I tell people to buy Bitcoin, I tell them to buy the dollar equivalent that they can afford to hodl and they can add more to their investments when they have more spare money and not to investment more than their capacity. As the years go by, Bitcoin is going to become more expensive to one one Bitcoin but you can always buy the dollars equivalent that you can afford anytime and make profits too.