Bitcoin is not expensive

[Tmoonz]

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

Exactly, most times it is misinformation or not being knowledgeable enough to know that Bitcoin is not expensive since one can buy a fraction of it (Satoshi)
with as little amount of money you can be comfortable with, the DCA strategy of accumulating Bitcoin gives the opportunity of buying Bitcoin irrespective of the price points in different intervals either weekly or monthly according to their financial status, indeed Bitcoin are gaining more wider spread of adoption and increments in value such that anyone that didn't buy today thinking that it is expensive may regret not buying since Bitcoin can even soar even more higher.

[justdimin]

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.

That is true, if you know what you are expecting then you will not regret. Having a plan will make it better for you and there are way too many people who do not really have any plans, which is why there are a lot of volatility in the crypto as well.

All those people who do not have a proper reason for their investment end up making wild moves, they sell when it goes down and buy when it goes up, which is literally the opposite of what you should be doing and yet they do it because they do not know what they should be doing. In the end, they fail and because of this we should be considering how to recover and do better ourselves and ignore the people who do not have a plan. If you do have a plan then at least you are ahead of those people and the results will show that , there is no scenario where a person who knows what they are doing would fail to make this kind of money if they can invest with an idea and a goal in mind and stick to that until the end.

[NicNacCoin]

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.

While the price of bitcoin was not expensive at one time, buying bitcoins today is so expensive that you cannot buy a bitcoin now if you wanted to. When the price of Bitcoin was between $3000 to $10000, Bitcoin may have been very cheap, but it seems that Bitcoin has become very expensive over the course of the day. Currently Bitcoin is around $65k and a few days ago we saw it in the $74k range. But the price of Bitcoin is not cheap at the moment.

[TheUltraElite]

Expensive or Cheap are relative terms that depend on their base currency and the buyer's income.

If someone is having a monthly income of 100$, coughing up 60k USD is a tough call to make. On the other hand, buyin 1BTC full is not necessary. They can be divided upto 8 decimal places and smaller amounts are possible. So that same 100$ guy can buy 60$ worth of bitcoin every 2-3months.

That is what every person should aim at. Not a complete 1BTC every month - that is never possible for the average middle class.

[Marvell1]

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.

While the price of bitcoin was not expensive at one time, buying bitcoins today is so expensive that you cannot buy a bitcoin now if you wanted to. When the price of Bitcoin was between $3000 to $10000, Bitcoin may have been very cheap, but it seems that Bitcoin has become very expensive over the course of the day. Currently Bitcoin is around $65k and a few days ago we saw it in the $74k range. But the price of Bitcoin is not cheap at the moment.

Bitcoin is expensive, not cheap, but no one is forcing you to buy a full 1BTC, you can buy any amount you can afford, and you can even start your bitcoin investment with just $10. Also, the purpose of buying bitcoin is to make a profit, so as long as you believe that it can still bring you x2, x5 profits, you don't need to worry about whether it is expensive or cheap. Because at the end of the day, you will also convert all your bitcoins into fiat.

Most people only care about the value of their bitcoins in USD, they don't care about the amount of bitcoins they own because as I said, the purpose of investing is profit.

[EluguHcman]

Hence Bitcoin has gained treasuring influences that is being globally attractive, it would remain expensive otherwise, considering that it is a volatile digital currency by which its utmost volatility is to kick towards its prices increase in matter of times (future).

Atleast considering how it started on the value of $0 per Bitcoin not until it had a first valuable record of $0.0008 and then it was inflated to the values of thousands of $ at today.

This is worth to say the surge of its historical value increase at then and now has made it expensive but that is not enough excuse for any interested enthusiast to say he/she can not afford to buy Bitcoin due to its expensiveness hence we can always buy at number of Bitcoin or fractions that we can afford.

[Majestic-milf]

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.

For me, the main factor that determines if Bitcoin is expensive aside from price is also time. What looks expensive now can be someone's pocket money tomorrow and I also believe that back then in 2008 when Bitcoin was first introduced to the world, $10,000 worth of Bitcoin was a huge amount so it's just a matter of purchasing it with an amount you can afford after all it's not compulsory that you must start your Bitcoin journey with a huge capital when small portions can still get you there.

[bitgolden]

Expensive or Cheap are relative terms that depend on their base currency and the buyer's income.

If someone is having a monthly income of 100$, coughing up 60k USD is a tough call to make. On the other hand, buyin 1BTC full is not necessary. They can be divided upto 8 decimal places and smaller amounts are possible. So that same 100$ guy can buy 60$ worth of bitcoin every 2-3months.

That is what every person should aim at. Not a complete 1BTC every month - that is never possible for the average middle class.

I do not think that there are many people left in the world that makes 100 dollars as a salary and not looking for something else, but I do agree with the point itself. If you are making small amounts, just collect whatever monthly and put it in there.

I mean the most common method that financial gurus has always said is to put 10% of your salary aside for savings, put it on stocks was their suggestion at the time but of course we do that for bitcoin. Imagine if you are making 100 dollars a month, just consider making 90 instead, that 10 never gets into your pockets and unless you are forced to spend it, you do that for 30 years.

The end results are gigantic, you can retire without needing anything else, I mean you might have retirement pension or something, but even without one, just this itself would be enough. I know that a lot of people are usually not sure if they should invest into bitcoin, and spending 30 years of your life to save and put it all on bitcoin is something risky too, what if you lose it all? That is why I suggest diversification after a while, if you reach a good amount, like lets say 10k, or basically 1 year of salaries, then just start putting it on something else, like gold or something.

[ShowOff]

Expensive or Cheap are relative terms that depend on their base currency and the buyer's income.

If someone is having a monthly income of 100$, coughing up 60k USD is a tough call to make. On the other hand, buyin 1BTC full is not necessary. They can be divided upto 8 decimal places and smaller amounts are possible. So that same 100$ guy can buy 60$ worth of bitcoin every 2-3months.

That is what every person should aim at. Not a complete 1BTC every month - that is never possible for the average middle class.

I agree with you, expensive is relative and it all really depends on the purchasing power of people with different financial conditions. Many people think that the price of bitcoin is expensive because their purchasing power is weak, of course this is because their finances are not good and they miss opportunities too easily.

It is true that everyone who has an interest in bitcoin will try to raise money to buy. They don't have to buy 1 bitcoin, but they can still buy a few sats with the money they have. Being aware of investment is the thing that has the most influence on interest, this is the same as many poor people buying gold and holding it for the long term.

[milewilda]

Expensive or Cheap are relative terms that depend on their base currency and the buyer's income.

If someone is having a monthly income of 100$, coughing up 60k USD is a tough call to make. On the other hand, buyin 1BTC full is not necessary. They can be divided upto 8 decimal places and smaller amounts are possible. So that same 100$ guy can buy 60$ worth of bitcoin every 2-3months.

That is what every person should aim at. Not a complete 1BTC every month - that is never possible for the average middle class.

I agree with you, expensive is relative and it all really depends on the purchasing power of people with different financial conditions. Many people think that the price of bitcoin is expensive because their purchasing power is weak, of course this is because their finances are not good and they miss opportunities too easily.

It is true that everyone who has an interest in bitcoin will try to raise money to buy. They don't have to buy 1 bitcoin, but they can still buy a few sats with the money they have. Being aware of investment is the thing that has the most influence on interest, this is the same as many poor people buying gold and holding it for the long term.

Yes its true on which it would really be that totally basing up into someones purchasing power on which we know that we cant really be that born equal on which there would really be those peopel who are rich and there would really be those people who are sitting on averate to poor condition on which it do simply shows that not everyone could really be able to buy a whole coin even if they wanted to. This is where we do able to do such act and considerations about buying up on fractions. Majority of people would really be that having those targets on trying out to accumulate 1 Bitcoin as much as they could. We are already heading for the bull run and we would really be definitely be able to make money if we do make out some cheap entries in regarding on the purchases that we had done earlier.

Expensive is something that would really be fitting out into those people who arent really having that kind of financial capacity. This is why it would really be best that making up some
positioning on the time that the market would really be having those corrections. This is something a good entry that you would really be able to maximize profitability on the time that
it will really be that depending on someones views and the actions that they are really that taking on.

[South Park]

I agree with you, expensive is relative and it all really depends on the purchasing power of people with different financial conditions. Many people think that the price of bitcoin is expensive because their purchasing power is weak, of course this is because their finances are not good and they miss opportunities too easily.

It is true that everyone who has an interest in bitcoin will try to raise money to buy. They don't have to buy 1 bitcoin, but they can still buy a few sats with the money they have. Being aware of investment is the thing that has the most influence on interest, this is the same as many poor people buying gold and holding it for the long term.

Another thing is that people often think about buying all the bitcoin they may want in a single transaction, however if instead they thought about buying that amount over a period of several years by getting a little bit each week, they will soon realize that getting the amount of bitcoin they want is nowhere near as impossible as they think it is, as now the only thing they need to achieve their goals is the patience to buy bitcoin over such a long period of time.

[wahyuagung26]

While the price of bitcoin was not expensive at one time, buying bitcoins today is so expensive that you cannot buy a bitcoin now if you wanted to. When the price of Bitcoin was between $3000 to $10000, Bitcoin may have been very cheap, but it seems that Bitcoin has become very expensive over the course of the day. Currently Bitcoin is around $65k and a few days ago we saw it in the $74k range. But the price of Bitcoin is not cheap at the moment.

 The price of Bitcoin is now much more expensive if we say that in previous times Bitcoin did not experience movements that made the price very high as is happening now, now almost everyone cannot buy Bitcoin, around the current price it is very difficult for everyone to buy Bitcoin and that's a pretty significant price.

[Adbitco]

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.

People usually forget the golden opportunity that could have made them something different in the space but they fails to understand that bitcoin doesn't remain statics it grows as time keeps going, at some point people would feels that this particular year is bad for bitcoin but forgotten that the next year will always have its results to show that the previous year was way far more better, meaning price has increased and could be more expensive to have a unit of bitcoin just as it's now yet it's still cheaper to buy currently.

[Mpamaegbu]

OP, you're right. Of a thing being expensive is relative in meaning to whoever that's looking at it and at what time they're evaluating it. Circumstances defer and of great consideration whenever we make choices. Some rejected Bitcoin when it was less than $1k but bought it later at over $50k. Many who think it's expensive now are likely to buy it later when those who are buying it now will consider it on a high.

You dont fully get what somethings worth until its unavailable.  I think that applies double to Bitcoin.

I submit to this point of view of yours. Very apt! The value of a possessed goods isn't known until it's lost, as they say. This is also part of the reason I've consistently argued that what truly gives Bitcoin its value or takes the price up isn't the activities of those hodling it but of those trading it.

[Roseline492]

The price of Bitcoin is now much more expensive if we say that in previous times Bitcoin did not experience movements that made the price very high as is happening now, now almost everyone cannot buy Bitcoin, around the current price it is very difficult for everyone to buy Bitcoin and that's a pretty significant price.

Bitcoin is indeed very expensive to be honest which is even the reason why some persons who are new into crypto investment are not interested in buying it because the price has gotten to the stage were it only takes a millionaire to be able to buy one single Bitcoin at a time, meanwhile for those who doesn't have much money it will take them a very long term before they can be able to have one Bitcoin and this is something that has to do with patients and not everyone will be ready to wait that long for it, however for those who have so much believe on Bitcoin does not see Bitcoin to be that much expensive because the method at which they normally use allow them to be buying any amount they can afford.

[doomloop]

I do not think that there are many people left in the world that makes 100 dollars as a salary and not looking for something else, but I do agree with the point itself. If you are making small amounts, just collect whatever monthly and put it in there.

I mean the most common method that financial gurus has always said is to put 10% of your salary aside for savings, put it on stocks was their suggestion at the time but of course we do that for bitcoin. Imagine if you are making 100 dollars a month, just consider making 90 instead, that 10 never gets into your pockets and unless you are forced to spend it, you do that for 30 years.

The end results are gigantic, you can retire without needing anything else, I mean you might have retirement pension or something, but even without one, just this itself would be enough. I know that a lot of people are usually not sure if they should invest into bitcoin, and spending 30 years of your life to save and put it all on bitcoin is something risky too, what if you lose it all? That is why I suggest diversification after a while, if you reach a good amount, like lets say 10k, or basically 1 year of salaries, then just start putting it on something else, like gold or something.

Of course, that's true. Everyone's circumstances are not the same. For those who have a lot of money, the price of Bitcoin doesn't matter, but for those who are not well off, even their livelihood is difficult, and the price of Bitcoin seems very high to them, even the price of ETH seems very high. This is because they don't have enough capital because every trader knows that only non-essential money can be invested in trading, we can't invest essential money in trading.

Everyone is aware of the importance of Bitcoin, and all traders want to buy Bitcoin and keep it with them. This is why even the smallest trader has some amount of Bitcoin, even if buying a whole Bitcoin is beyond their means. However, they keep a small portion of Bitcoin with them, waiting for its price to double in the future. I think this is the best approach for small traders to accumulate Bitcoin, if it's not possible to buy a whole Bitcoin at once, then whenever its price goes down, they should buy a small amount of Bitcoin.

[$weetne$$]

OP, you're right. Of a thing being expensive is relative in meaning to whoever that's looking at it and at what time they're evaluating it. Circumstances defer and of great consideration whenever we make choices. Some rejected Bitcoin when it was less than $1k but bought it later at over $50k. Many who think it's expensive now are likely to buy it later when those who are buying it now will consider it on a high.

Bitcoin design is going to make Bitcoin become more expensive in the future therefore we have to buy them when we have the money and not wait for the price to be less expensive because you might not be capable of getting it then because of fear that the price is going to continue to dip. Bitcoin is already on a path to continue to rise as more people are buying and making use of it therefore do not wait or you will be regretting as others did when they neglected Bitcoin at a more cheaper price. Just know, if you are not buying, it is not stopping the institutional Investors from accumulating that they will later be the ones selling to you at a higher price and determining what the market is going to be. Investing earlier is better as it gives you an advantage that late comers would not have.

[Natalim]

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 will certainly become expensive if you look at its current price, but if you patiently hold until it reaches an impressive amount, that's the time you'll realized that bitcoin is just cheap way back then compared to its current price. Also, bitcoin becomes expensive if you are trying to invest using your hard-earned money that is intended to pay for something, but if you use only your spare money, then it will never be expensive that much.

[STT]

I agree BTC is not expensive relatively & it is most likely to maintain broad growth, however it still may take further years to develop onward.   This could explain alot in the price variation and volatility, the selling is impatience not knowledge that BTC cannot go any higher.  A large amount of the market is made up of speculators who haven't got from now till end of the year or months beyond that to wait for a price higher then 70k.

   The speculators will sell now and come running back to jump on the train when its moving in the direction they like, the wild west aint dead it just got a better suit     Price isnt value, its far more confusing and varied by every market BTC operates in around the world.

[ethereumhunter]

Bitcoin is not expensive if they have a dream to make a profit with Bitcoin in the future. The price still low compares to the chance of Bitcoin price to increases so high. When they buy Bitcoin now, they can expecting to make a big profit someday. I don't wants to be like those who thinks that they will buy Bitcoin later when the price get a deep correction. But when that time comes, they do not buy because they thinks that the price is still too high for them. If you don't buy right now, you can miss the chance to have Bitcoin at any price and that will makes you lose your opportunity to make a big profit from Bitcoin. But if some people still saying that Bitcoin now is expensive, that will be up to them because they don't sees the benefits of Bitcoin in the future and we can not forces to buy Bitcoin.