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Author Topic: Bitcoin is not expensive  (Read 1047 times)
Pandu Geddon
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August 20, 2024, 12:04:22 PM
 #41

And people forget that 94% of Bitcoin has been mined already, meaning, it's going to be very difficult to get it in the future and with that, the current price is still cheap in my opinion and we should this opportunity to buy because we don't know, in the future the price is going to be obviously much higher than today and then we will have the same complain, that it is expensive. But if you look back, those who are saying is not buying but instead complaining about it until the time passes them. So again, don't look at the price, look at how much you can buy and then HODL for a long time.

the only thing that will be a valuable lesson for people is that in the past they did not buy because Bitcoin was expensive and now they regret it because Bitcoin is more expensive.
no one knows for sure what the situation will be in the future. but currently, people who have enjoyed the results of their investment in Bitcoin and Bitcoin trading are proof of how valuable Bitcoin is.
we can't talk about expensive or cheap on the ability of each different person. but we must be sure that Bitcoin is very valuable.

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August 20, 2024, 01:10:46 PM
 #42

~snip~
Bitcoin is cheap, cheaper than it will be in 4 years and much cheaper than it will be in 8 years.


If someone were to go back a few years and write something similar, then it would not be true considering that BTC is cheaper today than it was in September 2021. Therefore, if we take into account a very likely correction after the next ATH and a possible bear market, it would not be unrealistic that in 4 years the price of BTC will be similar or only slightly higher than today - although of course this does not mean that in the next 4 years it will not reach a new ATH of maybe x2 or x3 compared to today.

I just want to say that regardless of the fact that I personally have a positive opinion when it comes to the future of BTC, it is still difficult to imagine what awaits us in the future. That it will be easy and simple, it certainly won't.

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August 20, 2024, 01:33:13 PM
 #43

But what does it matter if it's a million dollars for 1BTC?
I mean, you can buy it with whatever amount you have and still make the same percentage of profit as someone who spent 2  million dollars to buy it. Bitcoin is divisible, you don't have to buy 1BTC before you can have a Bitcoin investment, so if people say it's expensive I'd have to disagree with that.
Real estate, stock exchange, and gold are expensive because you need a certain amount of money to buy the least form of these investments but with bitcoin, you can buy it with $5o or even less. Of course, you won't make as much profit as someone who bought with $10k but it's still an opportunity for you to own something that would appreciate and with DCA, you can keep accumulating and before you know it, you have a pretty impressive investment.

R


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August 20, 2024, 01:39:48 PM
 #44

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 $10,000 was very cheap and something very affordable. The future will always make us understand that bitcoin is not expensive, we only miss expensive opportunities that we won't be able to get back.
You have a point but bitcoin is expensive,who knows if btc price will drop in 2 years from now no one knows about it.if bitcoin is 61k$ today and in the next Two years it will drop down to 10k$ then it is expensive,you say it is not expensive because the price is always rising but base on value still it is expensive.
If the value of bitcoin is $100k today i don't think the price is still expensive because you don't need to buy 1bitcoin if you want to invest in bitcoin.  No matter the amount you have to invest in bitcoin you can still make your profit if you hodl, the value of bitcoin is not a limitation to any body and if the price of bitcoin eventually drops to $10 it is an opportunity to buy lot of bitcoins because the value might increase x6 in  the future and this will be a lot of Profit. The essence of buying more when the price goes dip is to make fine profit. When the price of bitcoin goes dip and reaches the bottom it is an opportunity to buy more because bitcoin reaching the bottom only takes place once in a while.

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August 20, 2024, 04:41:28 PM
 #45

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.
Your school of thought may be good but that doesn't change the fact that Bitcoin is now expensive. At about $60,000 saying Bitcoin is not expensive is like deceiving yourself because you can't tell me that how Bitcoin is affordable when it was at $10,000 is the same way it is affordable when it is at $60,000, the difference is clear. And I tell you, the more the price of Bitcoin rises, the more it will reduce the power of your earnings in it because no one should ever believe that Bitcoin will move x5 (more than $300,000) of its current price in less than a year anymore which further hints its expansiveness.

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August 20, 2024, 05:31:51 PM
 #46

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.
I agree, just at the start of the month it wasn't really considered that high, it was near 50k and yet people still waited for it to drop and I think that made all the chance, we should be considering how that's not the case at all times and sometimes it's a lot better. I personally invest a bit more during that time and what happened? It peaked to 60k once again, this is just one period of 2 weeks or so that we can talk about and I believe that we can't really make that work any other way.

I believe that crypto always recovers and we won't stay low and we need to recover from that Hopefully things could get better and we could make some decent money at all times like this forever, but people who doubted it will not get good results so they should not be really considering themselves lucky. If you really want to make money in the crypto world, whenever price of bitcoin goes down 20%, buy it and hold until it recovers and eventually it will always recover.

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August 20, 2024, 06:42:56 PM
 #47

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.
That I can agree upon.
The price we see Bitcoin today would be wished upon by feature investors and it would be no more. Just as we have people right now, waiting for the price of Bitcoin to dump to maybe $30k or $40k so they can take a buy but, the chances that this would happen is very difficult as, a strong support line has built around $50k, the price most people see to be expensive today. Even I as, I haven’t got the resource to afford it at that price but,
Buying in bits is where you beat the price and what people should be doing.
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August 20, 2024, 09:10:16 PM
 #48

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.
Yes, it is true that an investor calls Bitcoin expensive at any price, but if he has a good plan, he can buy and hold Bitcoin at any price.  Many called it expensive when Bitcoin was one dollar and many still called it expensive when Bitcoin was $10000. Today Bitcoin is not 60 thousand dollars and it is still expensive and if in the future a bit becomes 1 million dollars, it will still be called expensive by many. So if you want to invest you can invest at any price if you plan properly.

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August 20, 2024, 09:54:50 PM
 #49

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.
Bitcoin will only be expensive for those who are not aware what will be the future value of bitcoin. But for those who have wide knowledge and full understanding the future potentials of bitcoin, I believe bitcoin having an expensive price is never an issue at all.

After all, bitcoin is not only gained if you buy the whole piece of bitcoin, but you can always take a portion at first for beginner investors. When you have made sufficient profits already, that's the time that you will add more bitcoin through DCA so you can reap bigger future profits for bitcoin.

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August 20, 2024, 11:59:34 PM
 #50

Price is adjusted by time I feel this is especially relevant when we suffer such persistent inflation ongoing for decades.  The only variation in the course is the amount large or smaller amounts, its all depreciating price constantly hence Bitcoin even if at times gets ahead of itself is not expensive when measured in dollars now worth even less.

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August 21, 2024, 06:27:06 AM
 #51

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.
That I can agree upon.
The price we see Bitcoin today would be wished upon by feature investors and it would be no more. Just as we have people right now, waiting for the price of Bitcoin to dump to maybe $30k or $40k so they can take a buy but, the chances that this would happen is very difficult as, a strong support line has built around $50k, the price most people see to be expensive today. Even I as, I haven’t got the resource to afford it at that price but,
Buying in bits is where you beat the price and what people should be doing.

Yep, it's a Uroboros of sorts, where people wish to be in the past to do things different, and it continues to repeat itself Grin

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August 21, 2024, 11:24:52 AM
 #52

If the value of bitcoin is $100k today i don't think the price is still expensive because you don't need to buy 1bitcoin if you want to invest in bitcoin.  No matter the amount you have to invest in bitcoin you can still make your profit if you hodl, the value of bitcoin is not a limitation to any body and if the price of bitcoin eventually drops to $10 it is an opportunity to buy lot of bitcoins because the value might increase x6 in  the future and this will be a lot of Profit. The essence of buying more when the price goes dip is to make fine profit. When the price of bitcoin goes dip and reaches the bottom it is an opportunity to buy more because bitcoin reaching the bottom only takes place once in a while.
I feel like the expensive mindset should be about how much more it could go up, and not how much it is worth as a whole. I mean if someone says that bitcoin is expensive in the sense that it can't go 10x anymore then I would understand the logic, while I do think it can go 10x eventually, I understand the logic of thinking they can't get rich overnight about it, which is why I think we need to focus on what we can do with this, and that would be better. We have to figure out how much money we are going to make with whatever we are capable of making and in this case it feels like too many people feel the same way.

However, if we are strictly talking about just the price itself? Then yeah you guys are right and you can buy even 1 satoshi, not that anyone ever does that and the transaction cost alone would be higher, and most exchanges do not allow low amounts like that, so usually it's like ten dollars minimum type of deal, but yeah you can do that.

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August 21, 2024, 11:34:20 AM
 #53

If the value of bitcoin is $100k today i don't think the price is still expensive because you don't need to buy 1bitcoin if you want to invest in bitcoin.  No matter the amount you have to invest in bitcoin you can still make your profit if you hodl, the value of bitcoin is not a limitation to any body and if the price of bitcoin eventually drops to $10 it is an opportunity to buy lot of bitcoins because the value might increase x6 in  the future and this will be a lot of Profit. The essence of buying more when the price goes dip is to make fine profit. When the price of bitcoin goes dip and reaches the bottom it is an opportunity to buy more because bitcoin reaching the bottom only takes place once in a while.
I feel like the expensive mindset should be about how much more it could go up, and not how much it is worth as a whole. I mean if someone says that bitcoin is expensive in the sense that it can't go 10x anymore then I would understand the logic, while I do think it can go 10x eventually, I understand the logic of thinking they can't get rich overnight about it, which is why I think we need to focus on what we can do with this, and that would be better. We have to figure out how much money we are going to make with whatever we are capable of making and in this case it feels like too many people feel the same way.

However, if we are strictly talking about just the price itself? Then yeah you guys are right and you can buy even 1 satoshi, not that anyone ever does that and the transaction cost alone would be higher, and most exchanges do not allow low amounts like that, so usually it's like ten dollars minimum type of deal, but yeah you can do that.

We should also think about how much we want and are willing to accumulate to reach the goals we put in front of ourselves. That way, we will have more odds to complete what we are hoping to see by the end of it.

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August 21, 2024, 12:20:16 PM
 #54

From the perspective that I look at Bitcoin not being expensive is that you don't need to have the money to buy 1 BTC to start. You can start the investment journey with a small amount by buying in Satoshi, and gradually grow your holding. Another beauty of Bitcoin is that it's a long term project, meaning that you have enough time to grow your bag and that is why it's recommend for income earners to adopt the DCA method. There's no pressure in hodling Bitcoin, you can easily sale anytime that the need arises. There's no hidden charges, no mentainance fees, except for transaction fees when you want to send, so Bitcoin is not expensive from the pont of buying to the point of selling.











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August 22, 2024, 06:05:29 AM
 #55

From the perspective that I look at Bitcoin not being expensive is that you don't need to have the money to buy 1 BTC to start. You can start the investment journey with a small amount by buying in Satoshi, and gradually grow your holding. Another beauty of Bitcoin is that it's a long term project, meaning that you have enough time to grow your bag and that is why it's recommend for income earners to adopt the DCA method. There's no pressure in hodling Bitcoin, you can easily sale anytime that the need arises. There's no hidden charges, no mentainance fees, except for transaction fees when you want to send, so Bitcoin is not expensive from the pont of buying to the point of selling.
You are right, everyone can invest in Bitcoin as much as they can afford and most importantly they use funds that they can maintain in the long term, if they can accumulate these assets consistently then when the price of Bitcoin increases they will be able to profit from holding these assets, from all the conveniences that can be done by everyone it would certainly be very detrimental if they missed the opportunity to invest in Bitcoin, because anyone can do it easily and if they want to use the DCA method in accumulating Bitcoin of course this is very easy they only need to set aside some of their income after taking for their needs a month and they can determine the purchase date and continue to do it consistently until it generates a profit.

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August 22, 2024, 06:39:56 AM
 #56

From the perspective that I look at Bitcoin not being expensive is that you don't need to have the money to buy 1 BTC to start. You can start the investment journey with a small amount by buying in Satoshi, and gradually grow your holding. Another beauty of Bitcoin is that it's a long term project, meaning that you have enough time to grow your bag and that is why it's recommend for income earners to adopt the DCA method. There's no pressure in hodling Bitcoin, you can easily sale anytime that the need arises. There's no hidden charges, no mentainance fees, except for transaction fees when you want to send, so Bitcoin is not expensive from the pont of buying to the point of selling.

You are right. It may seem impossible due to the current price of BTC, but everybody can start, taking small steps at a time. And the boons will come soon for those who are brave enough.

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August 22, 2024, 09:59:25 AM
 #57

Real estate, stock exchange, and gold are expensive because you need a certain amount of money to buy the least form of these investments but with bitcoin, you can buy it with $5o or even less. Of course, you won't make as much profit as someone who bought with $10k but it's still an opportunity for you to own something that would appreciate and with DCA, you can keep accumulating and before you know it, you have a pretty impressive investment.

Real estate can still be purchased partly and the buyer do not have to pay all the money one time. Businesses know that money is becoming difficulties to get and people do not have much money anymore but if they offer you the service of playing slowly that they can still sell their properties and make more profits because of interest. I know of real estate companies that you buy a property from and be paying monthly or based on the time the both party agreed on although it is always more costly to buy this way and the same thing can be done with Bitcoin. But instead of it to become more costly to buy Bitcoin through DCA, it becomes more cheaper as Bitcoin price is volatile but real estate are always appreciating. People saying Bitcoin is expensive will still say the same thing when Bitcoin dips.

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August 22, 2024, 10:57:38 AM
 #58

Yes, it is true that an investor calls Bitcoin expensive at any price, but if he has a good plan, he can buy and hold Bitcoin at any price.  Many called it expensive when Bitcoin was one dollar and many still called it expensive when Bitcoin was $10000. Today Bitcoin is not 60 thousand dollars and it is still expensive and if in the future a bit becomes 1 million dollars, it will still be called expensive by many. So if you want to invest you can invest at any price if you plan properly.
I think that is only said by investors who are not so optimistic about Bitcoin and always feel pessimistic when they want to invest in Bitcoin so you don't need to look at people like that because there are many other investors who are already quite optimistic about Bitcoin and continue to buy at any price to increase the amount of their investment in Bitcoin. So you only need to look at people who don't really care about the current price of Bitcoin and don't think it's expensive, which can discourage them from buying, even though in general Bitcoin is very valuable in the eyes of many people at this time, except for people who are still pessimistic about Bitcoin.

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tygeade
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August 22, 2024, 02:51:52 PM
 #59

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.
Every person has their own ideas on what they are expecting from crypto and some people do expect a lot while other people are not really expecting that much, it is not really that clear what we are going to get from this and while it could very well be a huge and profitable period, it could also be a loss as well. Just decide on what you expect from crypto and if you have a goal then you are going to be following to that goal, do not get too greedy and do not get discouraged, just keep working towards your goal with the strategy that you build. Accumulating as much bitcoin as you can, until you reach your goal should be the path you take, that way you are going to end up with a clear path that will get you going.

betswift
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August 22, 2024, 02:54:02 PM
 #60

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.
Every person has their own ideas on what they are expecting from crypto and some people do expect a lot while other people are not really expecting that much, it is not really that clear what we are going to get from this and while it could very well be a huge and profitable period, it could also be a loss as well. Just decide on what you expect from crypto and if you have a goal then you are going to be following to that goal, do not get too greedy and do not get discouraged, just keep working towards your goal with the strategy that you build. Accumulating as much bitcoin as you can, until you reach your goal should be the path you take, that way you are going to end up with a clear path that will get you going.

Yep, expectations shouldn't be set too high regardless of the goal, though, sometimes it's difficult due to different reasons: from simple hope to greed and other stuff Grin

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