Bitcoin is not expensive

[ivankoh]

Actually, when looking at the value of bitcoin, they will immediately judge it as "expensive" but conceptually, bitcoin is a scarce asset, limited in supply and cannot be produced anymore, so in essence, bitcoin is cheap. You cannot judge the value without referring to the nature of that asset. Bitcoin is an asset that increases in value over time, not an asset that decreases in value over time like cash. Lol

[asarfiar]

You are absolutely correct, i have been in discussions with friends about crypto and many of them have said exactly this, that rather than buying bitcoin worth a few dollars, they'd go for altcoins that they can own more than 1 of it for a very tiny amount. I tried explaining that what they should look out for is the value of the coin, its use cases and long term sustainability, but they didn't listen, well in the end they learnt in the hard way.

Quite a lot of people are just waiting for bitcoin to get to $100,000 so that they can sell their coins, but these companies and wealthy individuals will definitely be buying more at that time and buying the coins of the smaller users.

If we check the value of Bitcoin, we can see that in 2021, it made headlines with an unusual surge that saw the coin's value rise to $69,000. However, the following year in 2022, Bitcoin dropped so much that the price ended the year at $17,000.

Some people think that Bitcoin is very expensive but it is not, I think that even though Bitcoin reached 69 thousand dollars in 2021, 2022 was a great opportunity to buy Bitcoin, an opportunity that will never come back. Bitcoin investors are waiting for the next $100k which will help them sell BTC and influencers will buy more bitcoins from smaller bitcoin users.

As we've reviewed at various times, Bitcoin's "closest" competitors include Ethereum, Tether, Binance Coin, Cardano, and Polkadot. This currency competition in the crypto world is good for investors as the price of coins cannot skyrocket. But we see that Bitcoin has gained so much word of mouth popularity that it has an opportunity to stay ahead of the rival currencies.

[Publictalk792]

If we check the value of Bitcoin, we can see that in 2021, it made headlines with an unusual surge that saw the coin's value rise to $69,000. However, the following year in 2022, Bitcoin dropped so much that the price ended the year at $17,000.

Some people think that Bitcoin is very expensive but it is not, I think that even though Bitcoin reached 69 thousand dollars in 2021, 2022 was a great opportunity to buy Bitcoin, an opportunity that will never come back. Bitcoin investors are waiting for the next $100k which will help them sell BTC and influencers will buy more bitcoins from smaller bitcoin users.

As we've reviewed at various times, Bitcoin's "closest" competitors include Ethereum, Tether, Binance Coin, Cardano, and Polkadot. This currency competition in the crypto world is good for investors as the price of coins cannot skyrocket. But we see that Bitcoin has gained so much word of mouth popularity that it has an opportunity to stay ahead of the rival currencies.

Yes that is right in 2022 Bitcoin price fell to $17,000 making it good time to buy. This was  rare chance especially since it was worth $69,000 in 2021. Bitcoin remains popular and widely used giving it advantage over other cryptocurrencies like Ethereum and Binance Coin. Investors think Bitcoin will reach $100,000 soon making it good time to sell. It is wise to buy during price drops and invest in different assets to minimize risk.

[Out of mind]

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 should always have a positive plan to invest in Bitcoin as we have seen that the price of Bitcoin was very low at one time, and it has become very valuable now. When the price of bitcoin increases and lots are expensive, we feel that we were better off investing when the price of bitcoin was low, but we missed the opportunity. So it is best to invest this precious currency over time, and we know that Bitcoin will increase in value more after few years. In that case we should invest in Bitcoin and hold it because the value of this Bitcoin will be more valuable in the future, in which case it is best if we invest and hold Bitcoin.

[YUriy1991]

Actually, when looking at the value of bitcoin, they will immediately judge it as "expensive" but conceptually, bitcoin is a scarce asset, limited in supply and cannot be produced anymore, so in essence, bitcoin is cheap. You cannot judge the value without referring to the nature of that asset. Bitcoin is an asset that increases in value over time, not an asset that decreases in value over time like cash. Lol

In addition, currently many rich people who already have a lot of money, all will come in and buy BTC. They do not want their money to always be monitored by the government and decrease over time if they include items that are always subject to economic policies and I am sure that is true.

The last reason that is easiest to say is that BTC is an attractive investment vehicle now, in the future and in the future. if not, the price of BTC will not increase over time if we look at its history and will be abandoned, meaning that in BTC there is a promising value and technology in the future.

[Sebas.tian]

Actually, when looking at the value of bitcoin, they will immediately judge it as "expensive" but conceptually, bitcoin is a scarce asset, limited in supply and cannot be produced anymore, so in essence, bitcoin is cheap. You cannot judge the value without referring to the nature of that asset. Bitcoin is an asset that increases in value over time, not an asset that decreases in value over time like cash. Lol

There are some countries currency which Bitcoin is very expensive to purchase with their currency and such people living in that geographical area will see Bitcoin as an expensive asset to acquire easily, while there are some developed countries which Bitcoin is not too expensive to purchase with their currency and such people will see Bitcoin as a cheap asset to acquire. If you consider the value of Bitcoin, I don't think you will see Bitcoin as an expensive asset, because you can invest your funds in Bitcoin and before the end of the year the Bitcoin will start increasing in your wallet, which it will be difficult for you to see such double increment in other fiat assets. All you need to do to get prepared to purchase any amount of Bitcoin you want, let the bearish season appear before you can purchase Bitcoin and you will discover that Bitcoin is very cheap to purchase.

[asrinur]

Sometimes we often focus too much on the current Bitcoin price and forget to see the long-term potential of Bitcoin. In fact, the price of Bitcoin always increases from year to year, and the price that looks expensive today can look very cheap in the future so that many people do not enter early which later becomes a big regret.

[asrinur]

Actually, when looking at the value of bitcoin, they will immediately judge it as "expensive" but conceptually, bitcoin is a scarce asset, limited in supply and cannot be produced anymore, so in essence, bitcoin is cheap. You cannot judge the value without referring to the nature of that asset. Bitcoin is an asset that increases in value over time, not an asset that decreases in value over time like cash. Lol

In addition, currently many rich people who already have a lot of money, all will come in and buy BTC. They do not want their money to always be monitored by the government and decrease over time if they include items that are always subject to economic policies and I am sure that is true.

The last reason that is easiest to say is that BTC is an attractive investment vehicle now, in the future and in the future. if not, the price of BTC will not increase over time if we look at its history and will be abandoned, meaning that in BTC there is a promising value and technology in the future.

I agree with you that BTC is attractive because of its decentralized nature, protecting it from government surveillance and inflation. Moreover, history has shown that its price increase has great potential, supported by the ever-evolving blockchain technology. Therefore, BTC clearly has long-term value as the most profitable investment.

[CryptoBuds]

Actually, when looking at the value of bitcoin, they will immediately judge it as "expensive" but conceptually, bitcoin is a scarce asset, limited in supply and cannot be produced anymore, so in essence, bitcoin is cheap. You cannot judge the value without referring to the nature of that asset. Bitcoin is an asset that increases in value over time, not an asset that decreases in value over time like cash. Lol

A scarce asset, has limited supply but no use case or not much demand, cannot increase in value over time. To evaluate the value of bitcoin, relying only on the supply factor is not convincing because creating a coin with a finite supply is not too difficult. We need to combine supply, use cases, and the benefits it brings.
For me, bitcoin is expensive or cheap depending on each person's economy. For people who can't even afford their daily meals, bitcoin is really expensive. But people who have savings in the bank, have money invested in other areas, if they say bitcoin is too expensive, they don't understand bitcoin.

[GeorgeJohn]

Sometimes we often focus too much on the current Bitcoin price and forget to see the long-term potential of Bitcoin. In fact, the price of Bitcoin always increases from year to year, and the price that looks expensive today can look very cheap in the future so that many people do not enter early which later becomes a big regret.

Bitcoin price is rotational and you can't predict the price, the price can go up now and later in the day the price decreases, so it has been the problem of bitcoin, so I know very well that what makes people to feel regret any time the price of bitcoin increases is because they're not opportune to invest in bitcoin when the price increases...this is another best time someone can purchase bitcoin because nobody knows if before period of five [5] to [3] years price of bitcoin can decrease or increase above this current price, that's why I said price of bitcoin is unpredictable

[STT]

I had BTC down as expensive when it was in the hundreds because I was used to seeing it around 100 so multiples of that appeared to be very expensive.  Some people will wait for it to return to the former price range and possibly be waiting forever.

   Its a very hard thing to assess the BTC price prospects relatively, obviously its been very many years since BTC was in the hundreds and a ton more dollars exist then was true back then.  Just this factor alone is a large reason to move your aim on where BTC can be, outside of the Dollar & FIAT inflation,  BTC itself has grown so again justifying a much different price range and its hard to keep up with how much change is constantly occurring & each factor with its own weight and timing.

[SamReomo]

I agree with you that BTC is attractive because of its decentralized nature, protecting it from government surveillance and inflation. Moreover, history has shown that its price increase has great potential, supported by the ever-evolving blockchain technology. Therefore, BTC clearly has long-term value as the most profitable investment.

Bitcoin's decentralized nature is of course its most exciting feature that most of us love and that's the reason why most of us use Bitcoin, but these days people most likely consider Bitcoin as an asset that has potential of growth and that can be a good store of value as well as a tool to fight inflation. It's limited in supply and that makes it deflationary.

It's true that some people still use Bitcoin because of its decentralized nature but the investors don't really look for that feature but for its deflationary features. They want to increase their investment value overtime and that's why they buy Bitcoin and HODL it for long term so they can earn great ROI.

[Fuso.hp]

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.

We should try to buy bitcoins according to the amount of money we have. If we have $10,000 but if we try to buy a bitcoin with that $10,000 then it's normal for me to think that bitcoin is expensive. I have to try to work in the position I am in. An acquaintance of mine drives around in a Lamborghini but my normal car does it but if I try to buy a Lamborghini from my location it won't. I have to change my position first and then when I feel like I can buy a Lamborghini very comfortably and maintain that Lamborghini with ease then we can overcome the regret of buying that Lamborghini. 

The same goes for investing in Bitcoin, one should never follow others directly. The other person is investing more than you but you should consider investing as much as you can from your position. If I have the ability to buy bitcoins for $10 then that ten dollars is a lot of bitcoins for me. 

If we are not satisfied with our own position, then following others will only increase our regrets and sighs which will do us no good.

[retreat]

If the current Bitcoin price = 68k USD is still too expensive for many people, even for you of course. But that doesn't mean that you can't buy Bitcoin in smaller amounts, right? because investing in Bitcoin can be easier and more affordable if we look at it from a smaller side, for example 10 USD is only 0.00016 BTC, the same Bitcoin but only the amount of investment is adjusted to our financial capabilities - and you can regularly invest until your goals are achieved. So seeing whether Bitcoin is expensive or not is not necessarily from future projections, but how we can adjust it to our financial capabilities.

[Smack That Ace]

I agree with you that BTC is attractive because of its decentralized nature, protecting it from government surveillance and inflation. Moreover, history has shown that its price increase has great potential, supported by the ever-evolving blockchain technology. Therefore, BTC clearly has long-term value as the most profitable investment.

Bitcoin's decentralized nature is of course its most exciting feature that most of us love and that's the reason why most of us use Bitcoin, but these days people most likely consider Bitcoin as an asset that has potential of growth and that can be a good store of value as well as a tool to fight inflation. It's limited in supply and that makes it deflationary.

It's true that some people still use Bitcoin because of its decentralized nature but the investors don't really look for that feature but for its deflationary features. They want to increase their investment value overtime and that's why they buy Bitcoin and HODL it for long term so they can earn great ROI.

Nowadays, creating a virtual asset with a limited supply is no longer difficult, but creating a decentralized asset like bitcoin is almost impossible. If bitcoin becomes centralized, its deflationary features will not help its value increase over time. The value of bitcoin depends on its use cases combined with its supply, not just on its supply.

Theoretically, given bitcoin's limited supply, it could be considered a good store of value as well as a hedge against inflation. But given its volatility, I don't think bitcoin is as good a hedge against inflation as we would hope.

[Roseline492]

If the current Bitcoin price = 68k USD is still too expensive for many people, even for you of course. But that doesn't mean that you can't buy Bitcoin in smaller amounts, right? because investing in Bitcoin can be easier and more affordable if we look at it from a smaller side, for example 10 USD is only 0.00016 BTC, the same Bitcoin but only the amount of investment is adjusted to our financial capabilities - and you can regularly invest until your goals are achieved. So seeing whether Bitcoin is expensive or not is not necessarily from future projections, but how we can adjust it to our financial capabilities.

That's true because on a normal sense Bitcoin is very highly expensive and if people think about how high it is they would be certainly scared of investing on Bitcoin but if they look at it on different angle it may not be that big because when somebody is investing a little by little on something that's very high to afford they would be surprised with how easy they can get a good number or even achieving one whole number of it, so if only those that still have the fear of the price being too expensive will come to the understanding that is not as high as they think of it.

In addition, currently many rich people who already have a lot of money, all will come in and buy BTC. They do not want their money to always be monitored by the government and decrease over time if they include items that are always subject to economic policies and I am sure that is true.

Yeah there is a truth in what you are saying because in most cases when an individual especially someone that's very young have some certain amount of money on there bank they would be track down by the government agency to question them on how they were able to make this kind of money, so to avoid those kind of embarrassment most people prefer using that money to invest on Bitcoin and expect profit at the end instead of being choked by there money they store in the bank.

[SamReomo]

Theoretically, given bitcoin's limited supply, it could be considered a good store of value as well as a hedge against inflation. But given its volatility, I don't think bitcoin is as good a hedge against inflation as we would hope.

Well, in current date and time Bitcoin is considered a very volatile asset but in future when its marketcap grows to very high values then at those times it won't be so much volatile and at that time it would be one of the best or the only best asset with deflationary nature. Even at current date and time it's still a much better hedge against inflation because of its limited supply and high demand and similar due to the ones who are Hodling it for long term.

[Smack That Ace]

Theoretically, given bitcoin's limited supply, it could be considered a good store of value as well as a hedge against inflation. But given its volatility, I don't think bitcoin is as good a hedge against inflation as we would hope.

Well, in current date and time Bitcoin is considered a very volatile asset but in future when its marketcap grows to very high values then at those times it won't be so much volatile and at that time it would be one of the best or the only best asset with deflationary nature.

What about gold? For hundreds of years, gold has been considered the best hedge against inflation and I don't think any asset can surpass gold as a hedge against inflation, including bitcoin.

Even at current date and time it's still a much better hedge against inflation because of its limited supply and high demand and similar due to the ones who are Hodling it for long term.

Are we really considering bitcoin as an inflation hedge or just a form of speculation? What I see is people just seeing it as pure speculation instead of seeing it as an inflation hedge. Not to mention, as I said, it's not a good inflation hedge at this point. Is there any asset that is called an inflation hedge but loses 70% of its value when inflation hits the economy? As long as bitcoin's volatility remains, it will never become the inflation hedge or safe haven we expect it to be.

[adzino]

Yep, like you said, Bitcoin is never really very 'expensive' if you think of the long term gains/goals. People might think it is expensive when they go and try to buy a one whole bitcoin, But you don't need to buy a whole coin. Even just buying fractions can still get you the profits. Save up little by little, and hold onto it for the long term, and who knows...you might end up with a whole Bitcoin someday! If you have $100 lying around, then invest it in bitcoin. It's never too late to start investing, and if you don't start now, you might regret it later when you see the price of the bitcoin go up even more. Don't wait for the price to fall. Invest, forget about it and years later, enjoy the profit.

[lepbagong]

Actually, when looking at the value of bitcoin, they will immediately judge it as "expensive" but conceptually, bitcoin is a scarce asset, limited in supply and cannot be produced anymore, so in essence, bitcoin is cheap. You cannot judge the value without referring to the nature of that asset. Bitcoin is an asset that increases in value over time, not an asset that decreases in value over time like cash. Lol

In addition, currently many rich people who already have a lot of money, all will come in and buy BTC. They do not want their money to always be monitored by the government and decrease over time if they include items that are always subject to economic policies and I am sure that is true.

The last reason that is easiest to say is that BTC is an attractive investment vehicle now, in the future and in the future. if not, the price of BTC will not increase over time if we look at its history and will be abandoned, meaning that in BTC there is a promising value and technology in the future.

I agree with you that BTC is attractive because of its decentralized nature, protecting it from government surveillance and inflation. Moreover, history has shown that its price increase has great potential, supported by the ever-evolving blockchain technology. Therefore, BTC clearly has long-term value as the most profitable investment.

That is indeed the advantage of Bitcoin, so that many investors like to be an interesting investment because it with this nature can provide a guarantee that what we funds there is confirmed in time it will contribute to the holder. Technology is highly recognized by the nature that it cannot be intervened by anyone so that it can move alone and certainly be safe.
Agree, that Bitcoin has a very good characteristic for the long term, where investment in it will be able to provide benefits that can continue to increase and be unlimited.