Bitcoin is not expensive

[beerlover]

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.

As long as we can buy just a bit and put it aside, it's okay for everyone and I believe that we should be doing exactly that, get a bit and put it aside and we can make some good money, I can't believe that people are still arguing about this because DCA and long term holding are the greatest methods. If you are not having enough saving, then put only a bit in, if you do not put even a bit in every month, either to bitcoin or anything else, you will miss big. Everyone at all times should push themselves to save some.

There could be moments when you can't, mainly medical problems causes this, but could be anything, there could be moments but you can't go 10-20 years without saving even just a bit, that could be just a few months to a year at most, then you need to find a way to recover.

[mumang siat]

As long as we can buy just a bit and put it aside, it's okay for everyone and I believe that we should be doing exactly that, get a bit and put it aside and we can make some good money, I can't believe that people are still arguing about this because DCA and long term holding are the greatest methods. If you are not having enough saving, then put only a bit in, if you do not put even a bit in every month, either to bitcoin or anything else, you will miss big. Everyone at all times should push themselves to save some.

There could be moments when you can't, mainly medical problems causes this, but could be anything, there could be moments but you can't go 10-20 years without saving even just a bit, that could be just a few months to a year at most, then you need to find a way to recover.

 When they make purchases periodically in the form of setting aside little by little to buy Bitcoin assets for savings or applicable investments, it is indeed very profitable for them, because they do DCA very neatly and prioritize investing in the long term, and this provides the best solution for everyone with a standard income capacity.

[EarnOnVictor]

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.

Yes, you talked about the reality of things, we should not continue to deceive ourselves, Bitcoin is expensive, though it doesn't stop us from earning money from it, we should only be smart about it. This is beyond any assumption, we all see it and I appreciate your explanation, we can't compare the price of Bitcoin at $500 to about $60,000 as I can easily buy a few of it at $500 but will struggle to buy it at $65,000, the expensive admittance is there if we are sincere.

People's expectations or what they even wish for often cloud their judgment but the reality of the day can only help us make the needed smart investment plans and not by deceiving ourselves. The market may punish us for that.

[ndutndut]

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.

Yes, that's right. Actually, bitcoin is expensive depending on the time, in the past when the price of bitcoin was $10,000 it was also said to be expensive, now seeing the price of bitcoin at $57,000 also looks expensive. In fact, if you look at the history of bitcoin, bitcoin will continue to experience price increases so that the current price cannot be said to be expensive because bitcoin is a rare asset someday. So buying now is not expensive if we want to invest for the long term.

In addition, to start investing in bitcoin, you don't have to buy one bitcoin right away, we can buy little by little according to our respective abilities using the dca strategy. So if someone already understands and understands the fundamentals of bitcoin, he will definitely not say that bitcoin is expensive because he is confident in the growth or increase of bitcoin in the future.

[Smartvirus]

As long as we can buy just a bit and put it aside, it's okay for everyone and I believe that we should be doing exactly that, get a bit and put it aside and we can make some good money, I can't believe that people are still arguing about this because DCA and long term holding are the greatest methods.

If we look at it based on what an individual actually earns, we could say Bitcoin is expensive, way much expensive for some forks to afford even fractions of it.
Mind you, even in having to DCA, i think it’s necessary you do that with a some worth reasonable amount rather than just buying with $1,2,3 and so on. What’s the value in that. Even in years, you wouldn’t go very far with such amount.

People who live daily, have a hard time even thinking of an investment as, nothing is spare with them.

[betswift]

As long as we can buy just a bit and put it aside, it's okay for everyone and I believe that we should be doing exactly that, get a bit and put it aside and we can make some good money, I can't believe that people are still arguing about this because DCA and long term holding are the greatest methods.

If we look at it based on what an individual actually earns, we could say Bitcoin is expensive, way much expensive for some forks to afford even fractions of it.
Mind you, even in having to DCA, i think it’s necessary you do that with a some worth reasonable amount rather than just buying with $1,2,3 and so on. What’s the value in that. Even in years, you wouldn’t go very far with such amount.

People who live daily, have a hard time even thinking of an investment as, nothing is spare with them.

It's right - if you want to see your portfolio bloom, you should fertilize it with the right amounts of nourishment (our funds, in this case ). Otherwise - it wouldn't impress you as much, though it will still work out if the pattern is preserved.

[stomachgrowls]

As long as we can buy just a bit and put it aside, it's okay for everyone and I believe that we should be doing exactly that, get a bit and put it aside and we can make some good money, I can't believe that people are still arguing about this because DCA and long term holding are the greatest methods.

If we look at it based on what an individual actually earns, we could say Bitcoin is expensive, way much expensive for some forks to afford even fractions of it.
Mind you, even in having to DCA, i think it’s necessary you do that with a some worth reasonable amount rather than just buying with $1,2,3 and so on. What’s the value in that. Even in years, you wouldn’t go very far with such amount.

People who live daily, have a hard time even thinking of an investment as, nothing is spare with them.

Yes, totally depends on someones financial status or condition on which being cheap or expensive is something that will really be always basing on how much they do earn, but as we do all know that buying up Bitcoin doesnt really need up to be as a whole since we could really be able to do it on fractions on which means that it would really be possibly be able to deal up with Bitcoin or crypto on just simply buying a fraction of it.
Somehow, it will really be that great on trying out to accumulate 1 whole coin at least if you are really that bullish or having that kind of trust towards Bitcoin investment in specially on holding it for long term.
It will really be just that basing up on how you would really be considering yourself on taking up such step whether you would really be that serious on accumulating or not.

We do know that there would really be those individuals who would be holding for short term and there are ones who would really be doing it for long term. It would really be something that situational
on this case and this is something that we should really be that trying out to mind. Expensive on the sense that no one would be easily to have $60k on their hands right now
on making investment. Just like on what earlier mentioned that its not necessary to have a whole coin if you could purchase in parts or fractions.

[_BlackStar]

-snip-

Yes, totally depends on someones financial status or condition on which being cheap or expensive is something that will really be always basing on how much they do earn, but as we do all know that buying up Bitcoin doesnt really need up to be as a whole since we could really be able to do it on fractions on which means that it would really be possibly be able to deal up with Bitcoin or crypto on just simply buying a fraction of it.
Somehow, it will really be that great on trying out to accumulate 1 whole coin at least if you are really that bullish or having that kind of trust towards Bitcoin investment in specially on holding it for long term.
It will really be just that basing up on how you would really be considering yourself on taking up such step whether you would really be that serious on accumulating or not.

We do know that there would really be those individuals who would be holding for short term and there are ones who would really be doing it for long term. It would really be something that situational
on this case and this is something that we should really be that trying out to mind. Expensive on the sense that no one would be easily to have $60k on their hands right now
on making investment. Just like on what earlier mentioned that its not necessary to have a whole coin if you could purchase in parts or fractions.

Something that has high selling value will be called a expensive by some people - so that's normal.
In a different case - Lamborghini Huracan Evo Spyder is priced at $291,095, it is also called expensive by some, so that's normal to.

Expensive or cheap depends on your perspective of financial strength - so it can be said that the words expensive and cheap are relative to different individuals. For someone who can only afford 5 LTC will consider bitcoin expensive - while for those who have the financial strength to buy more than 100 btc will consider btc cheap.

[serjent05]

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.

Is this a kind of mind conditioning?  .  You know you cannot buy a thing that is out of your financial league right ven if it will grow 1000 times in the next day.

A piece of Bitcoin is expensive for people who have regular salaries but a part of it wasn't.  I cannot buy 1 BTC because it is expensive but I can buy 1000 satoshi.  With your statement that $10,000 BTC is very cheap due to the possible gain to the future is somehow illogical.  You cannot profit first then buy later like you came back from the future to buy BTC with today's price.  The process does not work like that.  We need to buy BTC first before realizing the profit in the future.  Meaning we have to spend money first and what if the money we earned is not enough to even buy a  10th of the quarter of BTC? Can we say it is cheap @OP?  The answer is no, it is not cheap when a person's financial capability cannot afford to buy a certain thing.

[Moreno233]

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.

Is this a kind of mind conditioning?  .  You know you cannot buy a thing that is out of your financial league right ven if it will grow 1000 times in the next day.

You might have forgotten that you must not buy 1BTC to qualify as a bitoiner but you can buy a fraction of it and still be part of Bitcoin investor. If you understand this, you will agree that anyone can buy the quantity their money can carry and still be fine.

What I think the OP is saying is that buying Bitcoin now is not a bad idea because the price will always rice in the future. Just a way to encourage people not to think that the price has gone too high but should rather buy as their funds can carry and hold.

[rachael9385]

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.

Is this a kind of mind conditioning?  .  You know you cannot buy a thing that is out of your financial league right ven if it will grow 1000 times in the next day.

You might have forgotten that you must not buy 1BTC to qualify as a bitoiner but you can buy a fraction of it and still be part of Bitcoin investor. If you understand this, you will agree that anyone can buy the quantity their money can carry and still be fine.

What I think the OP is saying is that buying Bitcoin now is not a bad idea because the price will always rice in the future. Just a way to encourage people not to think that the price has gone too high but should rather buy as their funds can carry and hold.

Exactly mate, becoming a Bitcoin investor you don't need much to invest if you can not provide much capital. An investor can start with as low as $5 and if the investor can apply DCA method while investing on Bitcoin he could be able to accumulate enough Bitcoin in future. As an investor that is applying DCA method on his bitcoin investment, he can decide to invest any amount he can afford as long as he has a source of income.

[Felicity_Tide]

Exactly mate, becoming a Bitcoin investor you don't need much to invest if you can not provide much capital. An investor can start with as low as $5 and if the investor can apply DCA method while investing on Bitcoin he could be able to accumulate enough Bitcoin in future. As an investor that is applying DCA method on his bitcoin investment, he can decide to invest any amount he can afford as long as he has a source of income.

Slow and steady, they say: wins the race. Personally, I call DCA a gradual investment process, that requires patience and consistency, but others might not even see it that way due to impatient. We just believe that it is best to acquire something from a single purchase, knowing fully well that our financial capability is limited. What even baffles me is that some people don't understand the advantage/positive side of Bitcoin Investment, which has even made small investors important. So, whatever(decent) amount you choose to invest, with a plan of consistency and continuity will one way or the other yield profit in a long run.

From an Ideal sense, we can even say that such scenario was part of what made it possible for Bitcoin to be transferred in smaller units (Satoshis), rather than a single unit (1,2,3 etc.). Which means, it gives us all, the opportunity to buy Bitcoin in portions, or should I say piece.

[puloweh555]

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 are absolutely right. If we look at the development of bitcoin from the beginning until now, who would have thought that bitcoin could reach its current price, and of course this is not expensive because bitcoin will continue to increase in the next few years. Don't regret it like a few years ago, people thought bitcoin was expensive.

In the past, bitcoin was only worth tens of thousands, but now it is tens of thousands, it is not impossible that bitcoin will become hundreds of thousands. Moreover, the limited number of bitcoins will certainly make this asset increasingly rare and many will want to have it.

Indeed, for some people, they cannot buy bitcoins in large quantities, even to have one bitcoin, they may not be able to. However, we can buy bitcoins with the dca strategy, so it is not expensive if we really understand the fundamentals of bitcoin in the future. Just pay attention to every cycle bitcoin continues to increase, so it is never too late or consider bitcoin expensive to buy bitcoin.

[348Judah]

Bitcoin is not expensive because of it affordability on exchanges via p2p, anyone can go get it, exchange it, hold it and sell it as well as in making an investment in it, this is not how we do with fiat or other physical assets like gold in which people have interest in making an investment in but find it more challenging to do so for some reasons, all these are made possible because bitcoin is not centralized.

[GigaBit]

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.

Time that goes away never comes back. Bitcoin has come a long way from being as cheap as it was even a few years ago. Maybe there are many investors who didn't collect Bitcoin after it hit $10,000, which was heralded as a high price, so the current price is definitely too high. But will it be possible to buy Bitcoin at that price? Similarly, those who think the current price is too high will Bitcoin be in that condition in the coming years? Investors must not take time to make the right decision. According to the prediction Bitcoin price can reach from 100K to 200K in next few years which is not impossible. So if there is a desire to buy then the current price should be considered suitable and the investment process should be started.

[Viscore]

As long as we can buy just a bit and put it aside, it's okay for everyone and I believe that we should be doing exactly that, get a bit and put it aside and we can make some good money, I can't believe that people are still arguing about this because DCA and long term holding are the greatest methods.

If we look at it based on what an individual actually earns, we could say Bitcoin is expensive, way much expensive for some forks to afford even fractions of it.
Mind you, even in having to DCA, i think it’s necessary you do that with a some worth reasonable amount rather than just buying with $1,2,3 and so on. What’s the value in that. Even in years, you wouldn’t go very far with such amount.

People who live daily, have a hard time even thinking of an investment as, nothing is spare with them.

Bitcoin will always be expensive for those who have no enough money on hand. Even for those who stick to DCA, believe me they still find it expensive, otherwise they should have bought the whole bitcoin than just buying a small portion from time to time.

The good thing is, when we buy it at an expensive price, the returns will also be high and life-changing. That's why I don't mind people saying bitcoin is so much expensive as an investment.

[LUCKMCFLY]

What I think the OP is saying is that buying Bitcoin now is not a bad idea because the price will always rice in the future. Just a way to encourage people not to think that the price has gone too high but should rather buy as their funds can carry and hold.

Exactly, that's basically it, we are people who right now see the price of Bitcoin as expensive, but I'm sure that in 10-15 years the price will be very high and many would want to buy at this current price, it's like a vision of the future, this type of thing is what is analogous to what the price of bitcoin was in 2011 when it was cheap, even in 2009 and already in 2024 it has tremendous value in dollars, so this is what I understand, that it is not bad, it is a very good incentive , but the conceptualization must be well understood.

[dansus021]

Bro if you said Bitcoin is not expensive the answer is no, bitcoin is really expensive I mean to get 1 you need at least 60K USD which is a lot, especially in a third-world country or in a country like Indonesia when you work for a year 4K USD

But there is no other reason for any of us to buy the bitcoin, I mean this asset has already proven as a digital gold hedge the inflation and so many benefits like the double-digit APY.

[davis196]

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.

Maybe that's why we should stop measuring the monetary value/price of one Bitcoin and start measuring the price of one satoshi.
One satoshi is worth so little so that all the crypto noobs would think that buying satoshis is incredibly cheap and affordable.
There are lots of ignorant people, who think that they can't afford to buy one Bitcoin, not knowing that one Bitcoin can be divided into smaller parts. I have come to the conclusion that human stupidity and ignorance cannot be defeated. You can fight as much as you want, but you can't win against stupid people. Maybe we should manipulate the stupid and ignorant people, so that they would do whatever we want.

[jaberwock]

Maybe that's why we should stop measuring the monetary value/price of one Bitcoin and start measuring the price of one satoshi.
One satoshi is worth so little so that all the crypto noobs would think that buying satoshis is incredibly cheap and affordable.
There are lots of ignorant people, who think that they can't afford to buy one Bitcoin, not knowing that one Bitcoin can be divided into smaller parts. I have come to the conclusion that human stupidity and ignorance cannot be defeated. You can fight as much as you want, but you can't win against stupid people. Maybe we should manipulate the stupid and ignorant people, so that they would do whatever we want.

I would say one satoshi would be too little right now though, right now one satoshi worths $0.000541, which makes no sense, it is not even one cent, it is not even half of one cent, it is very little. I think when bitcoin price reaches to a point where one cent is one satoshi, then we could maybe do that, and for that to happen we need to grow insanely big, bigger than anything else, and I do not think that will happen anytime soon.

Inflation will make sure that it happens one day, I am sure of it, we will have that one day, maybe it will take 10 years, maybe 30, but I bet that it will happen, I just don't think that it makes right now. Until then, I think calculating based on just one bitcoin is a lot better, because that's what we have been doing so far.