Bitcoin is not expensive

[puloweh555]

We mustn't buy 1 complete BTC as long as we are committed to DCA strategy over the years we could accumulate an amount big enough to grow our portfolio. I think its cheap because we can buy with any amount we have. One interesting thing about DCA is the fact that it makes the process easy with less stress. One there is a proper buying plan that is strictly followed then long-term hold makes more sense.

I agree, but if you already have some BTC, it wouldn't hurt to buy more and make regular investments as if you had nothing. You can start from scratch if you want. If you already have BTC, you can acquire more. The more you accumulate, the better. We should take advantage of the fact that the price of BTC is below its last all-time high.

Reaching 1 BTC doesn't mean it's all over. No, we have to keep looking for more; we can't stop there.

This is the kind of thinking that every Bitcoiner should understand; it's what differentiates us from other investments. We're investing in the best asset that, over time, keeps reaching new all time highs.

There is risk, but this risk is worth taking.

What you said is very true. This is one of the advantages of Bitcoin because of the flexibility it offers. So we don't have to wait until we can buy a whole 1 BTC to invest, but with a consistent DCA strategy, even small amounts allocated regularly over the years can grow into a meaningful accumulation in the future. Especially if we look at the Bitcoin chart right now, it seems like we've already passed the bearish market and it's very likely that Bitcoin won't drop below 58k again.

The advantage of the DCA strategy in buying Bitcoin is also to avoid excessive emotions because we just follow the plan without having to guess market timing. The more you accumulate while the price is still below the previous ATH the stronger your long term position. Bitcoin is indeed different from other assets because BTC is designed to keep reaching ATH highs with each cycle, so this mindset of endless accumulation is what often sets true Bitcoiners apart, rather than constantly worrying about when they can own 1 BTC.

[free-bit.co.in]

I agree, but if you already have some BTC, it wouldn't hurt to buy more and make regular investments as if you had nothing. You can start from scratch if you want. If you already have BTC, you can acquire more. The more you accumulate, the better. We should take advantage of the fact that the price of BTC is below its last all-time high.

Reaching 1 BTC doesn't mean it's all over. No, we have to keep looking for more; we can't stop there.

This is the kind of thinking that every Bitcoiner should understand; it's what differentiates us from other investments. We're investing in the best asset that, over time, keeps reaching new all time highs.

There is risk, but this risk is worth taking.

What you said is very true. This is one of the advantages of Bitcoin because of the flexibility it offers. So we don't have to wait until we can buy a whole 1 BTC to invest, but with a consistent DCA strategy, even small amounts allocated regularly over the years can grow into a meaningful accumulation in the future. Especially if we look at the Bitcoin chart right now, it seems like we've already passed the bearish market and it's very likely that Bitcoin won't drop below 58k again.

The advantage of the DCA strategy in buying Bitcoin is also to avoid excessive emotions because we just follow the plan without having to guess market timing. The more you accumulate while the price is still below the previous ATH the stronger your long term position. Bitcoin is indeed different from other assets because BTC is designed to keep reaching ATH highs with each cycle, so this mindset of endless accumulation is what often sets true Bitcoiners apart, rather than constantly worrying about when they can own 1 BTC.

Guys, DCA has been around for decades and has been widely used across different asset classes, including stock and gold and bond. It is not some Bitcoin specific strategy.

You can even start investing stock with just $1-$5.

Bitcoin wasn't designed to keep hitting new ATH every cycle. Its price runs on supply and demand and gets pushed around by a bunch of factors same as any other investment. Real difference between Bitcoin and other assets is decentralization. That's it.   

[Bitcoin_people]

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.

Of course, it can be said that Bitcoin is not expensive at all because someone can buy some fraction of a Bitcoin if they want, although many people think that buying one Bitcoin will cost a lot of money, which is why it is expensive. But there are very few people who invest more than one Bitcoin at a time, rather most people make retail investments, in which case anyone can invest in Bitcoin according to the amount of money they have. In the past, when the price of Bitcoin was very low, many people were afraid to invest, thinking it was expensive, but now the price of Bitcoin is much higher. Moreover, in the future, when the price of Bitcoin increases further, many will feel even more expensive. That is why you should never stop investing in Bitcoin because you think it is expensive, but rather invest with the amount of money you can afford to buy Bitcoin.

[Olatundespo]

BTC is expensive, because I don't have more than $85k to buy one right now, but I know it's cheap compared to the future that's coming. It's cheap for those who know how to take advantage of the correct and indicated amounts. Yes, DCA is the best option. For those who can compare and accumulate while the price drops, it's something else that turns out to be one of the most rewarding. I don't know about you, but when I buy BTC to accumulate following my DCA method, it makes me feel very good because I'm building my future.

We mustn't buy 1 complete BTC as long as we are committed to DCA strategy over the years we could accumulate an amount big enough to grow our portfolio. I think its cheap because we can buy with any amount we have. One interesting thing about DCA is the fact that it makes the process easy with less stress. One there is a proper buying plan that is strictly followed then long-term hold makes more sense.

In the beginning, it is important to focus on regular savings and you can start with a small amount of money through the DCA strategy, but it is important to start, not to stop because it is expensive. It is important to maintain consistency to build in the long term and in the future you will see that this small investment of yours has become a big amount, so it is better to start. In the past, the price of Bitcoin was much cheaper than it is now, but even then many people thought that the price of Bitcoin would face further decline, but its price has increased more than their expectations at the present time and at the present time, those who regret the most are those who missed the opportunity at hand.

The high price that Bitcoin is currently showing compared to its initial price, many of us want to get back to that initial price or regret not buying it at that time but there may come a time in the future when investors will regret not buying Bitcoin at this current time. Accumulate Bitcoin gradually according to your financial capacity and wait for the future price increase. If we analysis the fundamental aspects of Bitcoin, its price has not yet reached the expected level and the current price is very low.

The demand for Bitcoin is increasing at the institutional and personal levels worldwide and even due to the shortage of supply, future demand will increase, resulting in a corresponding increase in the price of Bitcoin. I think that the current time is considered the right time to accumulate Bitcoin and build Bitcoin holdings because the value of this asset is still relatively low.

[danadc]

What you said is very true. This is one of the advantages of Bitcoin because of the flexibility it offers. So we don't have to wait until we can buy a whole 1 BTC to invest, but with a consistent DCA strategy, even small amounts allocated regularly over the years can grow into a meaningful accumulation in the future. Especially if we look at the Bitcoin chart right now, it seems like we've already passed the bearish market and it's very likely that Bitcoin won't drop below 58k again.

The advantage of the DCA strategy in buying Bitcoin is also to avoid excessive emotions because we just follow the plan without having to guess market timing. The more you accumulate while the price is still below the previous ATH the stronger your long term position. Bitcoin is indeed different from other assets because BTC is designed to keep reaching ATH highs with each cycle, so this mindset of endless accumulation is what often sets true Bitcoiners apart, rather than constantly worrying about when they can own 1 BTC.

Yes, that's the same thought process. Emotions arise when the price of BTC rises, and if you check the market when it starts reporting a price increase and a potential maximum, everyone rushes to buy because they want to own Bitcoin. That's what emotions produce.

As long as we continue to use the accumulation method that works best for us, that's what will guarantee future success. Accumulating BTC and buying when prices drop is a very good strategy, and if we adhere to the dollar-cost averaging (DCA) method, the returns will be significant in the long run. Because Bitcoin isn't just savings; it's much more than that it's a great investment.

[Derekfunds]

Of course, it can be said that Bitcoin is not expensive at all because someone can buy some fraction of a Bitcoin if they want, although many people think that buying one Bitcoin will cost a lot of money, which is why it is expensive. But there are very few people who invest more than one Bitcoin at a time, rather most people make retail investments, in which case anyone can invest in Bitcoin according to the amount of money they have. In the past, when the price of Bitcoin was very low, many people were afraid to invest, thinking it was expensive, but now the price of Bitcoin is much higher. Moreover, in the future, when the price of Bitcoin increases further, many will feel even more expensive. That is why you should never stop investing in Bitcoin because you think it is expensive, but rather invest with the amount of money you can afford to buy Bitcoin.

Of course buying 1 Bitcoin will cost a lot of money especially those whose Fiat are very poor but even those whose Fiat is good still see Bitcoin as expensive and secondly if you don't have a good job that is paying you, it will be hard to afford 1 BTC. But generally a worth of Bitcoin is expensive and those who buys in numbers has a huge source of income that is helping otherwise they won't be able to. But if one is accumulating with the DCA method someone would not mind and consistency will help us grow a large stash in some period of time.

[Doll2233]

Yes, that's the same thought process. Emotions arise when the price of BTC rises, and if you check the market when it starts reporting a price increase and a potential maximum, everyone rushes to buy because they want to own Bitcoin. That's what emotions produce.

As long as we continue to use the accumulation method that works best for us, that's what will guarantee future success. Accumulating BTC and buying when prices drop is a very good strategy, and if we adhere to the dollar-cost averaging (DCA) method, the returns will be significant in the long run. Because Bitcoin isn't just savings; it's much more than that it's a great investment.

Bitcoin is now having an interesting situation because things are going on at a level of like an adventure and suspense film. I have few friends who love to talk about this, even though they never feel bored because they are having nothing else to talk about, but the recent increase in price gives them a big boost, as now they are more energetic and having enough things to talk about, like their future and accumulation.
Accumulating and keeping is still enough to have a profitable future with its price prediction and volatility. Both are doing good changes in emotions. A few weeks back things were not on the same level as currently; it's all happening just because of this sudden increase. Now many predictions are clearly indicating six figures are coming, so few are feeling amazing because again, having on this level will be a big boost for the community.

[#CapsLOck]

The question I think is not if Bitcoin is expensive. But if the price of Bitcoin is what the risk taker wants. It may seem like the price is low today. But the future is never certain because of its recent price rises. Bitcoin has also had significant corrections that have pushed even the long-term investors to the limit. It is not a matter of buying the whole coin. As it's possible to buy small fractions of it. The more sensible way is to invest only that which is available for us to ride the ups and downs of the stock market and not take out loans merely to acquire more. This allows us to shift our emphasis from missing out on the next big one. To taking responsible risks.

[Silikiem]

The question I think is not if Bitcoin is expensive. But if the price of Bitcoin is what the risk taker wants. It may seem like the price is low today. But the future is never certain because of its recent price rises. Bitcoin has also had significant corrections that have pushed even the long-term investors to the limit. It is not a matter of buying the whole coin. As it's possible to buy small fractions of it. The more sensible way is to invest only that which is available for us to ride the ups and downs of the stock market and not take out loans merely to acquire more. This allows us to shift our emphasis from missing out on the next big one. To taking responsible risks.

Knowing your level of risk tolerance is crucial when investing In bitcoin, the reason why investors buy bitcoin fraction by fraction and hold is to enable them manage risk of the volatility in bitcoin and the same time sustain their long term strategy. Bitcoin price have seen massive growth after a period of downturn to give investors the confidence of buying more bitcoin and hold when the price is low and buy less when it’s high but what is most important is that they’re buying bitcoin according to their level of risk tolerance.

[Shineup]

The question I think is not if Bitcoin is expensive. But if the price of Bitcoin is what the risk taker wants. It may seem like the price is low today. But the future is never certain because of its recent price rises. Bitcoin has also had significant corrections that have pushed even the long-term investors to the limit. It is not a matter of buying the whole coin. As it's possible to buy small fractions of it. The more sensible way is to invest only that which is available for us to ride the ups and downs of the stock market and not take out loans merely to acquire more. This allows us to shift our emphasis from missing out on the next big one. To taking responsible risks.

Knowing your level of risk tolerance is crucial when investing In bitcoin, the reason why investors buy bitcoin fraction by fraction and hold is to enable them manage risk of the volatility in bitcoin and the same time sustain their long term strategy. Bitcoin price have seen massive growth after a period of downturn to give investors the confidence of buying more bitcoin and hold when the price is low and buy less when it’s high but what is most important is that they’re buying bitcoin according to their level of risk tolerance.

Investors that are confident of buying Bitcoin can do so by buying more or less Bitcoin as much as they can even when it is high or low, the factor to consider their level of buying is the available resources to invest and not the condition of the market, in my suggestion, whether the price is high an investor can buy more too not only when the price is low, this is because if in the future Bitcoin get to make new all time highs what you were considering to be high will then be low. Bitcoin is not expensive and you only get to buy according to your available financial strength and within your risk level.

[aoluain]

Ah its all a matter of perspective or where you stand and which way you are looking,
kind of like a glass half full or a glass half empty IMO.

In relation to the ALH we had of over $125k the current value of $82k is a bargain! if
you fear or fully believe that the price might drop below $60k well then todays price
looks expensive.

If you just stop and consider bitcoins price history from 2009 it looks expensive but
if you believe everything will "carry on" as before when you look back in 5 or 10 years
time you will definitely say that todays price point was not expensive.

[Son Of Blockchain (SOB)]

Ah its all a matter of perspective or where you stand and which way you are looking,
kind of like a glass half full or a glass half empty IMO.

In relation to the ALH we had of over $125k the current value of $82k is a bargain! if
you fear or fully believe that the price might drop below $60k well then todays price
looks expensive.

If you just stop and consider bitcoins price history from 2009 it looks expensive but
if you believe everything will "carry on" as before when you look back in 5 or 10 years
time you will definitely say that todays price point was not expensive.

People who use the price of Bitcoin as an excuse to not owning it are procrastinators. The OP's right, even if Bitcoin goes below $10k there are people who won't seize the opportunity before it recovers cause they want it to go to $1k and would repeat same excuse if it goes below $1k such people may want Bitcoin to get to $1 before buying.
 However the price of Bitcoin has never been a hinderance to owning it cause through the DCA, everyone has the opportunity of buying in bits and regularly.

[danherbias07]

The question I think is not if Bitcoin is expensive. But if the price of Bitcoin is what the risk taker wants. It may seem like the price is low today. But the future is never certain because of its recent price rises. Bitcoin has also had significant corrections that have pushed even the long-term investors to the limit. It is not a matter of buying the whole coin. As it's possible to buy small fractions of it. The more sensible way is to invest only that which is available for us to ride the ups and downs of the stock market and not take out loans merely to acquire more. This allows us to shift our emphasis from missing out on the next big one. To taking responsible risks.

Yeah, I agree with that. Buying small amounts doesn't mean being cheap. If an investor really wants to be part of something bigger in the future, he will buy even if it's just small parts of the whole. Accumulating Bitcoin without wrecking the budget. We can always buy in satoshis, and those figures are set so everyone can afford them. Only a limited amount will come out, and if we're aiming for 1 Bitcoin, we can start now and maybe someday reach it without even noticing, while not hurting our financial needs.

[Cgrexp]

The question I think is not if Bitcoin is expensive. But if the price of Bitcoin is what the risk taker wants. It may seem like the price is low today. But the future is never certain because of its recent price rises. Bitcoin has also had significant corrections that have pushed even the long-term investors to the limit. It is not a matter of buying the whole coin. As it's possible to buy small fractions of it. The more sensible way is to invest only that which is available for us to ride the ups and downs of the stock market and not take out loans merely to acquire more. This allows us to shift our emphasis from missing out on the next big one. To taking responsible risks.

Knowing your level of risk tolerance is crucial when investing In bitcoin, the reason why investors buy bitcoin fraction by fraction and hold is to enable them manage risk of the volatility in bitcoin and the same time sustain their long term strategy. Bitcoin price have seen massive growth after a period of downturn to give investors the confidence of buying more bitcoin and hold when the price is low and buy less when it’s high but what is most important is that they’re buying bitcoin according to their level of risk tolerance.

Understanding risk tolerance is very important in investing. Not everyone's financial situation, family responsibilities and mental state are the same. The amount of money one person can invest in Bitcoin for a long time may not be possible for another person to invest the same amount. You should make investment decisions according to your financial capacity, without following how much money someone else is investing. The price of Bitcoin can drop significantly and can remain below the previous high for a long time. Due to this volatility investing a large amount of money at once can create stress during a market downturn. By buying Bitcoin in small amounts regularly an investor can gradually build his portfolio and reduce the risk of investing a large amount of money at the wrong time. In the case of DCA, the main goal is to continue investing regularly according to the prescribed plan. In the event of a major decline in the market, buying additional Bitcoin may be a separate decision. However, it is important to set aside money in advance to buy additional Bitcoin and ensure that even if you invest that money, you do not face problems during an emergency. The ability to take risk and the willingness to take risk are not the same thing. It's not enough to just have the mindset to tolerate a market decline. You also have to consider whether that decline will cause a financial crisis in your real life.

[Juicyhome]

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.

I don't agree, bitcoin is fucking expensive depend on your financial stability,  op do you have 1btc now? I doubt if any member of your family have one bitcoin now that's cheap to you, it's not cheap anymore and it's getting more expensive every year, the future of bitcoin will make today price look cheap but at the moment we're all struggling to buy one bitcoin,  because we don't have the money now to buy one bitcoin, so It's expensive to us in this generation.

This your explanation further explains how we judge our fore fathers why they didn't buy land and house when it was below $1000 in their time, because we have the same $1000 now are is looking like a light bills, sane amount could buy you a house and land in early 1960s. The fact is that in the next generation owning one bitcoin with be very hard for average people but the rich can still avoid it.

[DanWalker]

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.

I don't agree, bitcoin is fucking expensive depend on your financial stability,  op do you have 1btc now? I doubt if any member of your family have one bitcoin now that's cheap to you, it's not cheap anymore and it's getting more expensive every year, the future of bitcoin will make today price look cheap but at the moment we're all struggling to buy one bitcoin,  because we don't have the money now to buy one bitcoin, so It's expensive to us in this generation.

1 BTC is sitting at $80k right now, with an ATH of $126k. That's a lot of money even in developed countries, and not everyone can afford to buy a whole BTC. TBH, it's pretty disingenuous to claim that Bitcoin isn't expensive.
Being able to buy fractions of a BTC for just a few dollars doesn't mean it's cheap. And just because Bitcoin could keep appreciating doesn't mean it's still cheap, either.

BTC can keep climbing, no doubt, but that doesn't change the fact that it's become way more expensive compared to what most people earn .

[Abbatty]

The question I think is not if Bitcoin is expensive. But if the price of Bitcoin is what the risk taker wants. It may seem like the price is low today. But the future is never certain because of its recent price rises. Bitcoin has also had significant corrections that have pushed even the long-term investors to the limit. It is not a matter of buying the whole coin. As it's possible to buy small fractions of it. The more sensible way is to invest only that which is available for us to ride the ups and downs of the stock market and not take out loans merely to acquire more. This allows us to shift our emphasis from missing out on the next big one. To taking responsible risks.

Yeah, I agree with that. Buying small amounts doesn't mean being cheap. If an investor really wants to be part of something bigger in the future, he will buy even if it's just small parts of the whole. Accumulating Bitcoin without wrecking the budget. We can always buy in satoshis, and those figures are set so everyone can afford them. Only a limited amount will come out, and if we're aiming for 1 Bitcoin, we can start now and maybe someday reach it without even noticing, while not hurting our financial needs.

Of course bitcoin is expensive. Bitcoin is like any other thing we use money to buy in our daily life, like cars, food, houses and so many other. Even an average earning man have a house to live, have foods to eat and even have a car to drive, but just the minimal of it. Same applies to bitcoin. So to every class of people bitcoin means a different thing, but I would still tell you, it expensive to all class of people.

The rich man wants the best house, the best cars, while an average man just want a roof over his head, just want a car than can take him around, same goes to bitcoin, the rich people want a big portion of bitcoin, while the average man just want to invest even if it just little. So at the end all class of people are really investing base of their capacity and available discretionary income.

[Baki202]

Yeah, I agree with that. Buying small amounts doesn't mean being cheap. If an investor really wants to be part of something bigger in the future, he will buy even if it's just small parts of the whole. Accumulating Bitcoin without wrecking the budget. We can always buy in satoshis, and those figures are set so everyone can afford them. Only a limited amount will come out, and if we're aiming for 1 Bitcoin, we can start now and maybe someday reach it without even noticing, while not hurting our financial needs.

Buying small does not mean anything to me and no matter the amount you are buying does not mean you are buying cheap the one reason why people are buying cheap is because not everyone can afford buying a single bitcoin so since we can buy in fraction as low as
10 dollar so this even makes it easy to accumulate and that Is why we should be able to use that as opportunity to be Abel to buy as much as  we want use the dca method the moment we are committed we are going to be archiving a lot  because there many ways that we should be able to get what we want even if we sont have all the resources we can manage the one we have.

In other for all this to be effective we have to take things more seriously in the sense that commitment matters a lot that is were our own sacrifice is, we must take it as a responsibility.

[Outhue]

People only sees the truth after it's too late, it's always when the price is higher than they will look at the past price as cheaper opportunities, let's be honest it is hard to buy Bitcoin when it's dumping, not for me because I have passed the stage but for people who are still relatively new to crypto they will get nervous and fear will take over, I always struggle to do the same in the past but as I kept understanding Bitcoin even more it becomes easier, it's a good thing to know and understand what you are buying, that's all I can say.

[Rengga Jati]

Guys, DCA has been around for decades and has been widely used across different asset classes, including stock and gold and bond. It is not some Bitcoin specific strategy.

As long as we have the funds to do it regularly. For instance, by investing a consistent amount each month. That’s perfectly fine. We might only be able to spend around $50, or even less. It doesn’t matter, as long as it’s done on a regular basis. This is what’s known as DCA. It means we don’t need to panic or fret over whether the market will drop again or not. For the long term, this approach is incredibly helpful. Although it’s a different story for the short term, where you would certainly need a different strategy.

Of course buying 1 Bitcoin will cost a lot of money especially those whose Fiat are very poor but even those whose Fiat is good still see Bitcoin as expensive and secondly if you don't have a good job that is paying you, it will be hard to afford 1 BTC.

Some people might assume that they have to buy a full 1 BTC. Which is why many beginners claim that Bitcoin is too expensive and out of their reach. In reality, we can purchase Bitcoin in smaller, incremental amounts. There are several strategies for accumulating Bitcoin, making the process seem much less daunting. Naturally, the right strategy for you will depend on your own personal circumstances.