Bitcoin is not expensive

[fikrett]

Well, we all love Bitcoin because of it's decentralized nature but it's a truth that day by day it's getting more centralized and that's something Satoshi feared as well, but that's how thing work in this world. If we do some calculation then we understand that most of the Bitcoin is now in the hands of the people who believe in centralized systems rather than in hands of those who believe in decentralization.

I know Satoshi owns a good chunk of Bitcoin but he/she/ isn't with us and has given Bitcoin to the community. And, that's also true that now people consider Bitcoin more as a store of value and they really doesn't care much about its decentralization feature. Something like that helped Bitcoin to grow so huge in value, and most of the community that's outside this forum wants Bitcoin to be as centralized as possible.

I do think that BTC remains the same, it's just getting adopted around the world, and it is non-avoidable that bigger institutions wouldn't smirk their assets into it.
After all, what ETFs are for?  And the reserves.. They are for said entities, not for the betterment of BTC, but they are pushing the usability and adoption of BTC through their legal fields.

[dunfida]

Well, we all love Bitcoin because of it's decentralized nature but it's a truth that day by day it's getting more centralized and that's something Satoshi feared as well, but that's how thing work in this world. If we do some calculation then we understand that most of the Bitcoin is now in the hands of the people who believe in centralized systems rather than in hands of those who believe in decentralization.

I know Satoshi owns a good chunk of Bitcoin but he/she/ isn't with us and has given Bitcoin to the community. And, that's also true that now people consider Bitcoin more as a store of value and they really doesn't care much about its decentralization feature. Something like that helped Bitcoin to grow so huge in value, and most of the community that's outside this forum wants Bitcoin to be as centralized as possible.

I do think that BTC remains the same, it's just getting adopted around the world, and it is non-avoidable that bigger institutions wouldn't smirk their assets into it.
After all, what ETFs are for?  And the reserves.. They are for said entities, not for the betterment of BTC, but they are pushing the usability and adoption of BTC through their legal fields.

Adoption and recognition is really that inevitable and if we do tend to compare the past up to this present then we can be able to see and say that there's so much change. This isnt really just that talking about the value but also on the adoption and utility that we do have today in comparing into the past on which this one really shows on how far we've been able to reach up but the bad thing or disadvantage when it comes to possible manipulation since these people or institution which does have that financial capability that they can be able to buy up tons of coins as they want. We do know that they are gradually making up that purchases on which this is indeed great but we do know that in every positive effect then there's that potential negative side too.

Bitcoin isnt expensive since you can be able to buy in fractions or will really be that according into your budget but if you are thinking about buying a whole coin then not all will really be able to achieve or acquire it on which basing up on the price or  value then almost everyone wont be able to afford it and this is why buying in fractions will really be the best thing  that you should do specially if you are really that having a right budget.

[fillippone]

I guess Bitcoin is cheap right now, and the more I understand it, the more I think it is unfairly priced.
Bitcoin is less than 1/10 of the total gold market capitalisation, so it is impossible for something with all the reading to match, overcome and improve gold capabilities to be quoted at 1/10th of the value.
Bullish af.

[Richbased]

I guess Bitcoin is cheap right now, and the more I understand it, the more I think it is unfairly priced.
Bitcoin is less than 1/10 of the total gold market capitalisation, so it is impossible for something with all the reading to match, overcome and improve gold capabilities to be quoted at 1/10th of the value.
Bullish af.

A lot of people don't even understand this comparison between bitcoin and gold because if they do, they wouldn't have seen bitcoin as expensive. Just because the price got to $100k last December, many were already saying it's too expensive to buy that they would rather wait for a bear season, such a lack of courage and information. Just imagine an asset that is 1 tenth the market cap. of gold why then should they say it's too costly?. I'm already a DCAer so i don't even look at the price of bitcoin anymore but i just keep buying at any price my DCA meets and HODL.

[Zackz5000]

I guess Bitcoin is cheap right now, and the more I understand it, the more I think it is unfairly priced.
Bitcoin is less than 1/10 of the total gold market capitalisation, so it is impossible for something with all the reading to match, overcome and improve gold capabilities to be quoted at 1/10th of the value.
Bullish af.

A lot of people don't even understand this comparison between bitcoin and gold because if they do, they wouldn't have seen bitcoin as expensive. Just because the price got to $100k last December, many were already saying it's too expensive to buy that they would rather wait for a bear season, such a lack of courage and information. Just imagine an asset that is 1 tenth the market cap. of gold why then should they say it's too costly?. I'm already a DCAer so i don't even look at the price of bitcoin anymore but i just keep buying at any price my DCA meets and HODL.

Most persons thinks that before they can buy bitcoin they need to break a bank first when some persons hear the word bitcoin they believe is something they can't afford that it's too expensive mostly people who hasn't even got started and they keep on procastinating rather than making inquiry to know if what have can actually buy them some bitcoin. At least with the DCA strategy one can start buying gradually either every weeks or months and hodl but making sure you are buying with your leftover income since you won't sell soon.

[fredericktaylor]

I guess Bitcoin is cheap right now, and the more I understand it, the more I think it is unfairly priced.
Bitcoin is less than 1/10 of the total gold market capitalisation, so it is impossible for something with all the reading to match, overcome and improve gold capabilities to be quoted at 1/10th of the value.
Bullish af.

A lot of people don't even understand this comparison between bitcoin and gold because if they do, they wouldn't have seen bitcoin as expensive. Just because the price got to $100k last December, many were already saying it's too expensive to buy that they would rather wait for a bear season, such a lack of courage and information. Just imagine an asset that is 1 tenth the market cap. of gold why then should they say it's too costly?. I'm already a DCAer so i don't even look at the price of bitcoin anymore but i just keep buying at any price my DCA meets and HODL.

Most persons thinks that before they can buy bitcoin they need to break a bank first when some persons hear the word bitcoin they believe is something they can't afford that it's too expensive mostly people who hasn't even got started and they keep on procastinating rather than making inquiry to know if what have can actually buy them some bitcoin. At least with the DCA strategy one can start buying gradually either every weeks or months and hodl but making sure you are buying with your leftover income since you won't sell soon.

The age of the earth can be said through scientific analysis to be about 4.54 billion years and the use of gold in the world has been around for about 6,000 years. The use of a natural resource has been around for many years since the creation of the earth, its popularity and dependence has increased all over the world because it is a resource of a certain amount and it has taken many years to gain popularity. on the other hand, Bitcoin is a digital decentralized resource and its quantity is limited. But in that respect, Bitcoin is far ahead of gold because Bitcoin has been created for about 16 years. Comparatively, its use has not yet been able to gain popularity all over the world. But I can say without a doubt that it will take time to reach a state like gold. I can say without a doubt that Bitcoin will be in a much better position than gold's current state. But it takes a little time. The progress of Bitcoin and the trust it has gained in people has increased many times compared to before, and people are feeling much more comfortable investing in it. This is undoubtedly a positive aspect of Bitcoin. Take advantage of this time to save Bitcoin and be patient. I can say with certainty that there will come a time when there will be two types of people, one is the one who buys Bitcoin and owns it, and the other is the one who regrets not buying Bitcoin.

From my perspective, a country develops when a nation develops, so to develop a nation and a country, there must be Bitcoin investment and this is very important.

[laijsica]

I guess Bitcoin is cheap right now, and the more I understand it, the more I think it is unfairly priced.
Bitcoin is less than 1/10 of the total gold market capitalisation, so it is impossible for something with all the reading to match, overcome and improve gold capabilities to be quoted at 1/10th of the value.
Bullish af.

A lot of people don't even understand this comparison between bitcoin and gold because if they do, they wouldn't have seen bitcoin as expensive. Just because the price got to $100k last December, many were already saying it's too expensive to buy that they would rather wait for a bear season, such a lack of courage and information. Just imagine an asset that is 1 tenth the market cap. of gold why then should they say it's too costly?. I'm already a DCAer so i don't even look at the price of bitcoin anymore but i just keep buying at any price my DCA meets and HODL.

Most persons thinks that before they can buy bitcoin they need to break a bank first when some persons hear the word bitcoin they believe is something they can't afford that it's too expensive mostly people who hasn't even got started and they keep on procastinating rather than making inquiry to know if what have can actually buy them some bitcoin. At least with the DCA strategy one can start buying gradually either every weeks or months and hodl but making sure you are buying with your leftover income since you won't sell soon.

Yes, some people have the mindset that because Bitcoin is so expensive, they should invest more capital. This is a mistake on their part, as they believe that they need more capital. But Bitcoin accumulation can be started by a low-income person and after 2-3 cycle he can be get large holding. DCA method for you to accumulate Bitcoin in small instead of making lump sum buying. Especially for investors who lack a lot of floating cash. DCA is recommended for investors who have a reliable source of alternative income. New investors who have a small amount of disposable income and are willing to invest a few dollars a week in Bitcoin. You are investing in your long-term strategy. You are investing in each cycle continuously.

[Republikcoin.com]

Most persons thinks that before they can buy bitcoin they need to break a bank first when some persons hear the word bitcoin they believe is something they can't afford that it's too expensive mostly people who hasn't even got started and they keep on procastinating rather than making inquiry to know if what have can actually buy them some bitcoin. At least with the DCA strategy one can start buying gradually either every weeks or months and hodl but making sure you are buying with your leftover income since you won't sell soon.

Maybe some people still don't realize that buying Bitcoin can be done in installments like using the DCA method because the Bitcoin fractions collected through the remaining income that we have are also very useful so that over time they can also become one Bitcoin. So people who still have that mindset still need to be aware of the ways that are so easy and also so simple for them to do so that they no longer waste more time waiting for their savings to increase. Because it is also not certain that they can immediately get one Bitcoin after saving money for so long because the price of Bitcoin itself is always moving and never stays for long at a certain price.

[Zadicar]

I guess Bitcoin is cheap right now, and the more I understand it, the more I think it is unfairly priced.
Bitcoin is less than 1/10 of the total gold market capitalisation, so it is impossible for something with all the reading to match, overcome and improve gold capabilities to be quoted at 1/10th of the value.
Bullish af.

A lot of people don't even understand this comparison between bitcoin and gold because if they do, they wouldn't have seen bitcoin as expensive. Just because the price got to $100k last December, many were already saying it's too expensive to buy that they would rather wait for a bear season, such a lack of courage and information. Just imagine an asset that is 1 tenth the market cap. of gold why then should they say it's too costly?. I'm already a DCAer so i don't even look at the price of bitcoin anymore but i just keep buying at any price my DCA meets and HODL.

Most persons thinks that before they can buy bitcoin they need to break a bank first when some persons hear the word bitcoin they believe is something they can't afford that it's too expensive mostly people who hasn't even got started and they keep on procastinating rather than making inquiry to know if what have can actually buy them some bitcoin. At least with the DCA strategy one can start buying gradually either every weeks or months and hodl but making sure you are buying with your leftover income since you won't sell soon.

Yes, some people have the mindset that because Bitcoin is so expensive, they should invest more capital. This is a mistake on their part, as they believe that they need more capital. But Bitcoin accumulation can be started by a low-income person and after 2-3 cycle he can be get large holding. DCA method for you to accumulate Bitcoin in small instead of making lump sum buying. Especially for investors who lack a lot of floating cash. DCA is recommended for investors who have a reliable source of alternative income. New investors who have a small amount of disposable income and are willing to invest a few dollars a week in Bitcoin. You are investing in your long-term strategy. You are investing in each cycle continuously.

If we do speak about 3 cycle then basing up on how many years on each cycle then it will be on 12 years holding. If ever you do able to find yourself be able to survive this long and keeps on accumulating of all the years then its good for you but considering that not all investors or holders will be that trying out to hold for long but rather they will be focusing on selling out on a single cycle on which it isnt that a bad option either. It all matters on how you do accumulate on which the primary target or in concern of someone is that they should be only investing into the amount that they can afford to lose on which this is the important thing overall.

The wrong thinking about other people is that they've been thinking that they should be accumulating a whole coin. Yes, its not a bad target but we do know that majority cant be able to afford a whole coin.
Once you do find yourself be able to find that accumulating little by little would be the key on which profit taking will be that up to you whether you sell out on a single cycle or with multiples. So it will be that be basing up into someones preference into this aspect. So its always been best on how you do set up your goals towards into your investment.

[Stablexcoin]

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.

Decentralization is indeed Bitcoin's main value but over time, many investors have focused more on its deflationary nature as a store of value. This shows how the perception of Bitcoin has evolved from being a mere transaction tool to a long-term investment asset. However, it is also important to consider its fundamental aspects as a digital currency that is free from the control of a central party.

Bitcoin can still serve as a currency not minding how much of a store of value most investors now see it as. Bitcoin decentralization remains only that governments are beginning to fall into the market, we know how manipulative they can be since they become part of whale investors, won't change anything on behalf as long as we keep our assets safe and for long-term purposes.

[Muba20]

I guess Bitcoin is cheap right now, and the more I understand it, the more I think it is unfairly priced.
Bitcoin is less than 1/10 of the total gold market capitalisation, so it is impossible for something with all the reading to match, overcome and improve gold capabilities to be quoted at 1/10th of the value.
Bullish af.

A lot of people don't even understand this comparison between bitcoin and gold because if they do, they wouldn't have seen bitcoin as expensive. Just because the price got to $100k last December, many were already saying it's too expensive to buy that they would rather wait for a bear season, such a lack of courage and information. Just imagine an asset that is 1 tenth the market cap. of gold why then should they say it's too costly?. I'm already a DCAer so i don't even look at the price of bitcoin anymore but i just keep buying at any price my DCA meets and HODL.

Those who think Bitcoin is expansive must observe about gold Market well. Bitcoin will be even more cheaper when they can do these comparison. Moreover, if investors are aware of Bitcoin  and Gold supply, then they will understand how cheap the current Bitcoin is. People are gradually depending on technology and the new generation tries to perform all their works by technology. That is why they support Bitcoin more than. Moreover, the demand for bitcoin is increasing day by day and the same time its price is increasing, but according to the gold market capital, it is still very low. In these situations I think Bitcoin is still cheap.

[Odusko]

Even at $200k BTC Price Many will be buying into Bitcoin so we shouldn't make the mistakes of thinking that Bitcoin at current price is expensive and out of reach, that is not true, most of those that are buying still view this stage as a good entry point, and even in the future alot of us with extra cash flow will still be buying more Bitcoin at whatever price, since it a long term journey.

[harapan]

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 isn't that expensive as long as you can hodl for the very period, I know some persons thinks it is, and that's why they can't really buy Bitcoin even when they get the chance to. It's just that in trying to understand this I came across some broad check and i realize that even with the hike in price you can always purchase Bitcoin at any point in time possibly when you will be profitable so regardless it ain't expensive at all.

[STT]

BTC is less expensive every year so long as its value is relative to its population of users and also available ways to spend it.   In theory its way more valuable now then the retail opportunities of years ago, the nominal price rises inconsistently but generally every few years but its justified by the value of possible usage.   I do generally go off the potential coming from a larger userbase being the most obvious easy comparative value vs other global assets.

[hyudien]

Even at $200k BTC Price Many will be buying into Bitcoin so we shouldn't make the mistakes of thinking that Bitcoin at current price is expensive and out of reach, that is not true, most of those that are buying still view this stage as a good entry point, and even in the future alot of us with extra cash flow will still be buying more Bitcoin at whatever price, since it a long term journey.

True because the goal is long term, as long as we hold that principle then no matter how expensive bitcoin is it will still be bought and it feels expensive if you buy one by one but if you use a routine purchase strategy with any nominal bitcoin does not feel expensive, besides which asset can provide new ATH again and again other than bitcoin? I don't think there is, as long as we believe that bitcoin will continue to grow in the future then the current price is a price worth buying.

[henry_of_skalitz]

BTC is less expensive every year so long as its value is relative to its population of users and also available ways to spend it.   In theory its way more valuable now then the retail opportunities of years ago, the nominal price rises inconsistently but generally every few years but its justified by the value of possible usage.   I do generally go off the potential coming from a larger userbase being the most obvious easy comparative value vs other global assets.

No matter the price, BTC will still be valued more in the times to come, so why not consider the current price - the good one to buy more?

[laijsica]

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 isn't that expensive as long as you can hodl for the very period, I know some persons thinks it is, and that's why they can't really buy Bitcoin even when they get the chance to. It's just that in trying to understand this I came across some broad check and i realize that even with the hike in price you can always purchase Bitcoin at any point in time possibly when you will be profitable so regardless it ain't expensive at all.

I think so too. Currently, the price of Bitcoin is passing the initial stage and the number of investors is increasing but the productive capacity of this valuable asset is almost at the end. If you consider it in terms of time and periodic stages we have not seen a very high price in terms of the price of Bitcoin although considering the supply and demand the price should have been higher at this time. If you feel the need to conduct an empirical review to know the spread of Bitcoin you can turn your attention to the corporate holders in modern times who are still accumulating Bitcoin and their estimate is that the price of Bitcoin may be $190k within this year. If you do not focus on the estimate it may still be a higher price than you think.

[JoyMarsha]

Bitcoin is expensive for those who don't know that they can buy Bitcoin in parts(DCA) with little money they have, and in many years to come, the little money they invested will yield profits they can't imagine.

However, many people in the crypto space are after quick gains of investment. They want to invest in altcoins with the amount they have(big or small) to later have a big return on investment, that will be compared with profits Bitcoin will give them

[dzonikg28]

BTC is less expensive every year so long as its value is relative to its population of users and also available ways to spend it.   In theory its way more valuable now then the retail opportunities of years ago, the nominal price rises inconsistently but generally every few years but its justified by the value of possible usage.   I do generally go off the potential coming from a larger userbase being the most obvious easy comparative value vs other global assets.

What you said at first about its value relative to population is important I think because more and more people will want to find places where to store and accumulate value without undergoing the various dangers that bank accounts can bring about in some places in the world, but also in regards to inflationary risks.

The ways to spend it are not the most important value driver for bitcoin because most people won't want to spend it. Volatility would have to decrease a lot and this will only happen when a large share of the population feels they own enough bitcoin. Otherwise volatility will remain quite high and undermine the idea of day to day spending.

Comparative value vs other global assets is against important I think. If someone has income that can be spent on building bitcoin holdings, I don't think they will use bitcoin to spend it. Whether you call it userbase or holderbase, I believe more people want to hold it for years to come if they don't have to sell for a reason.

[GigaBit]

I guess Bitcoin is cheap right now, and the more I understand it, the more I think it is unfairly priced.
Bitcoin is less than 1/10 of the total gold market capitalisation, so it is impossible for something with all the reading to match, overcome and improve gold capabilities to be quoted at 1/10th of the value.
Bullish af.

A lot of people don't even understand this comparison between bitcoin and gold because if they do, they wouldn't have seen bitcoin as expensive. Just because the price got to $100k last December, many were already saying it's too expensive to buy that they would rather wait for a bear season, such a lack of courage and information. Just imagine an asset that is 1 tenth the market cap. of gold why then should they say it's too costly?. I'm already a DCAer so i don't even look at the price of bitcoin anymore but i just keep buying at any price my DCA meets and HODL.

Who thought Bitcoin's price was too high at $100k were in the same situation when Bitcoin first hit $20k. Because when the price of Bitcoin was $20k for the first time, they had the same thoughts. Gold has been in circulation for a long time, so the journey of Bitcoin has just begun. The current price of Bitcoin will increase several times after the next 1 decade. Therefore, if we consider the current price of Bitcoin as expensive, it will definitely be wrong. Today's Bitcoin market cap is $1.88 trillion, while Gold's cap is around $22 trillion. So Bitcoin's price is very small compared to Gold. Those who can guess about the possibilities will definitely consider the current price of Bitcoin as not expensive but a golden opportunity for investment.