Bitcoin is Too Expensive For Me. | Bitcointalksearch.org

dunfida

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Quote from: koang on January 03, 2024, 01:23:25 AM

Quote from: thecodebear on December 28, 2023, 11:54:40 PM

Quote from: inthelongrun on December 28, 2023, 07:46:32 AM

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Dude, you're not understanding what DCA is. The whole point of DCA is so that you DON'T try to time the market. Yet all you are talking about is how you are trying to time the market and that has caused you to miss out. So you aren't doing DCA. You're just trying to time the market and you're doing a bad job of it.

Yep, You are right.
The DCA strategy is to purchase crypto assets periodically and systematically in a certain amount without paying attention to the increase or decrease in price. DCA helps us be disciplined to buy more units when prices fall and fewer when prices rise.
DCA is not a magic solution to generate huge profits in a short time

In other words, DCA = Save for the future

But making some wise DCA like trying to wait for some dip would really be giving out that kind of average entry point on which you could really be able to maximize that profitability and this is where
some people would really be mindful in that regard rather than on making some DCA when the candles are way too green but if you are someone who doesnt really that minding much
about your price entry and would really be holding your coins for long term then it wont really be that an issue on what price you had been able to DCA. Yes, its recommendable but always bare in mind that you should really be that only investing on the amount on which you can afford to lose and never ever make yourself that investing on something which do involves your life savings or even taking up a loan.

You are really that putting up yourself on such risks on speaking about those potential problems considering this market is something that cant be known
or something that cant be predicted on where it would be going. If you are relying your future towards it then it would be that risky.
Price or value cant be determined whether its positive or negative in near future.

0t3p0t

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Quote from: cryptodude on December 24, 2023, 11:14:12 AM

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.

Is this your entire net worth $2,000 monthly? Annual? Well, that amount is for me huge and you can buy Bitcoin with that money you have. How about us who can only acquire bitcoin for about more or less $100 a month? As what others say DCA-ing that amount will get you what you wanted as long as you are consistent on what you are doing.

koang

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Quote from: thecodebear on December 28, 2023, 11:54:40 PM

Quote from: inthelongrun on December 28, 2023, 07:46:32 AM

~ ~ ~

Dude, you're not understanding what DCA is. The whole point of DCA is so that you DON'T try to time the market. Yet all you are talking about is how you are trying to time the market and that has caused you to miss out. So you aren't doing DCA. You're just trying to time the market and you're doing a bad job of it.

Yep, You are right.
The DCA strategy is to purchase crypto assets periodically and systematically in a certain amount without paying attention to the increase or decrease in price. DCA helps us be disciplined to buy more units when prices fall and fewer when prices rise.
DCA is not a magic solution to generate huge profits in a short time

In other words, DCA = Save for the future

someone703

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Don't base your decision solely on price. Think about the potential, the long game. Project yourself five years from now. Would you kick yourself for missing out on Bitcoin's journey, even if it meant starting with a small slice?

Remember, price is just a temporary snapshot. Value, however, is a story waiting to unfold. If you believe in Bitcoin's potential to revolutionize finance, to become a digital store of value for the future, then the current price shouldn't be the sole deterrent.

Start small, if that's what feels right. Invest what you can afford to lose, do your research, and most importantly, have a vision. See yourself not just as a buyer at a particular price point, but as a participant in a technological and financial revolution.

MarjorieZimmermanGinger

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Quote from: cryptodude on December 24, 2023, 11:14:12 AM

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.

That's the problem and when you don't have the capital to invest then there is no way to buy it. But you don't need to worry because bitcoin can be purchased using the DCA method where you can buy small amounts regularly according to the capital capabilities you have. Bitcoin always provides an opportunity for anyone to gain financial freedom, but how can you prepare carefully and in the future we will see the price of bitcoin will be much more expensive than now.

So consider whatever you can do and never think that the availability of opportunities is not a reference for us to choose. Because if you have the opportunity and don't want to try it, then when else can you prepare an investment for the future. This is a matter of how someone can take advantage of existing opportunities and if we have the ability to do it then don't stop doing it.

2Pizza410000BTC

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Quote from: cryptodude on December 24, 2023, 11:14:12 AM

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.

Bitcoin will become more expensive as time passes and the price will reach higher heights. You can use any dollar amount to invest, there is no fixed amount. Those who don't have enough money to invest are also investing weekly or monthly using DCA method. If you want to invest you can invest with your $2k. If you want to grow your investment by investing weekly or monthly using the DCA method, you can certainly grow your investment. If you can invest in Bitcoin then you will get a lot of success in future. But I suggest you to keep the wallet very safe to hold the investment.

goldkingcoiner

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Quote from: cryptodude on December 24, 2023, 11:14:12 AM

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.

What do you mean, too expensive? Bitcoin is scalable, which means you do not need to buy an entire coin, you could instead buy 1% of a coin. Or even less. You could even buy $10 worth of Bitcoin, if you wanted to. And that $10 will go up in value as the price of Bitcoin goes up in value. If we see a 10% price growth tomorrow (for example) then that means you will have $11 worth of Bitcoin, which you can sell for $11 at any time of your choosing (as long as the price remains the same).

Think of it this way: You can buy and sell gold, right? If you buy 1 gram of gold then you pay the price of 1 grams worth. You do not pay the price of a kilogram of gold, do you?

inthelongrun

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Quote from: thecodebear on December 28, 2023, 11:54:40 PM

Quote from: inthelongrun on December 28, 2023, 07:46:32 AM

One of my plans before is to continue my monthly DCA until bitcoin reaches $50k. I don't know but I already missed 3 months including this December. I felt bitcoin was already becoming expensive and that I thought I could buy at a discount. So far, the more I waited, the more the price increases. I think I had the opportunity to buy bitcoin at $26k last October but I insisted on waiting a bit. My October DCA would've been valued at 150% and my November DCA at around 125%.

I wasted some opportunities but it is what it is. Now I have to stick to my plan B which is to wait for bitcoin to drop below $40k to continue my DCA and of course to fill my 3 months backlog.

Dude, you're not understanding what DCA is. The whole point of DCA is so that you DON'T try to time the market. Yet all you are talking about is how you are trying to time the market and that has caused you to miss out. So you aren't doing DCA. You're just trying to time the market and you're doing a bad job of it.

My advice to you is to stop trying to time the market and instead actually do DCA.

So start buying now, instead of waiting and hoping for it to drop below $40k (which it may never do). If DCA was your plan A, which you didn't do, and instead you tried out your plan B which was trying to time the market, and that is obviously going poorly for you, why would you feel that you HAVE TO stick to your plan B?!? Plan B is not working out for you. Stop trying to stick to it. All your plan B is doing is convincing you to not buy bitcoin lol. Go back to your original idea of DCA and actually follow through on it by starting it now.

I clearly understand what DCA is all about. I actually started my monthly DCA last year. I just missed the last 3 months when I felt like I should try to buy bitcoin cheaper. I think it was the time when bitcoin made a sudden price increase. I felt like a correction was coming and so I should just wait and then the month ended and then the next months it became more expensive.

Maybe I'll just stick to my monthly schedules starting January of next year. And then I'll just fill my 3 months backlogs every time there is a thousand dollars decrease in price.

fredericktaylor

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You think Bitcoin is expensive but I will tell you that you can definitely buy in Bitcoin no matter how expensive the price will make you more profitable than Alta Coin. As with real estate, you buy a lot that fits your budget within a block. The more people use bitcoin, the more slowly the price of bitcoin increases. So you can definitely buy bitcoins according to the amount of money you have.

thecodebear

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Quote from: inthelongrun on December 28, 2023, 07:46:32 AM

One of my plans before is to continue my monthly DCA until bitcoin reaches $50k. I don't know but I already missed 3 months including this December. I felt bitcoin was already becoming expensive and that I thought I could buy at a discount. So far, the more I waited, the more the price increases. I think I had the opportunity to buy bitcoin at $26k last October but I insisted on waiting a bit. My October DCA would've been valued at 150% and my November DCA at around 125%.

I wasted some opportunities but it is what it is. Now I have to stick to my plan B which is to wait for bitcoin to drop below $40k to continue my DCA and of course to fill my 3 months backlog.

Dude, you're not understanding what DCA is. The whole point of DCA is so that you DON'T try to time the market. Yet all you are talking about is how you are trying to time the market and that has caused you to miss out. So you aren't doing DCA. You're just trying to time the market and you're doing a bad job of it.

My advice to you is to stop trying to time the market and instead actually do DCA.

So start buying now, instead of waiting and hoping for it to drop below $40k (which it may never do). If DCA was your plan A, which you didn't do, and instead you tried out your plan B which was trying to time the market, and that is obviously going poorly for you, why would you feel that you HAVE TO stick to your plan B?!? Plan B is not working out for you. Stop trying to stick to it. All your plan B is doing is convincing you to not buy bitcoin lol. Go back to your original idea of DCA and actually follow through on it by starting it now.

Natalim

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Quote from: inthelongrun on December 28, 2023, 07:46:32 AM

One of my plans before is to continue my monthly DCA until bitcoin reaches $50k. I don't know but I already missed 3 months including this December. I felt bitcoin was already becoming expensive and that I thought I could buy at a discount. So far, the more I waited, the more the price increases. I think I had the opportunity to buy bitcoin at $26k last October but I insisted on waiting a bit. My October DCA would've been valued at 150% and my November DCA at around 125%.

I wasted some opportunities but it is what it is. Now I have to stick to my plan B which is to wait for bitcoin to drop below $40k to continue my DCA and of course to fill my 3 months backlog.

Consistency is a common problem of us, no wonder about it but it was not totally regretting since you have also accumulated some. Unfortunately, we have missed some opportunities that we can't bring back. Well, we have to accept that some of our plans are never fulfilled because of some reason and financial circumstances. That is why I practice following my plan as much as possible and take it seriously thinking that I don't have to lose any opportunities.

tbct_mt2

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Quote from: EFS on December 24, 2023, 04:48:25 PM

Trust me Bitcoin was too expensive for us too in the past. We thought we've already missed the great opportunity but time thought us it's never too late. If you think about long term investment start today and you will be surprised in a couple of years how your wealth increased. If you want to make a quick money with no effort then yes, Bitcoin is too expensive for you. But if your plan is 10-20 years you will gain a lot with Bitcoin. Don't waste your time and money with altcoin lottery, because it doesn't always go as expected.

Bitcoin is always expensive for people who don't believe in Bitcoin blockchain and how it already changed the world and will continue to do this mission.

Bitcoin is cheap for people who believe in future of Bitcoin and bigger thing, cryptocurrency market and blockchain industry. With them, buying bitcoin in 2023 is cheap and a good opportunity they will not want to miss.

Bitcoin is for everyone because they can buy it with like $20 or $50, and they can do it gradually with DCA. With time, with DCA, their total capital investment in Bitcoin will be bigger than $50, much bigger than this.

Quote from: Y3shot on December 28, 2023, 08:39:00 AM

For people who want to make quick money from bitcoin it seems it is too late and expensive for them to buy bitcoin but this is untrue, this is just how they feel towards bitcoin because they just want to make profits from it so fast. One of the sad things about bitcoin the more one keeps complaining the more opportunity wasting. No amount of Bitcoin is expensive, every amount can yield good profits if people can have the mindset of investing it for a longtime.

Bitcoin is still good for investment that is different than speculation or gamble. Investment requires a long time of holding bitcoin and wait for profit. You will get it if you can hold and wait, have strong hands against fud.

It is obvious that Bitcoin is no longer good for quick rich chance but even quick is not clear and it is different with many people.

If it is like 4 years or 8 years, I think it is acceptable to wait to be rich and it is not a too long time. I joined this market in 2017 and now it is already 7 years.

bussybuddy

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The Bitcoin door is open to everyone, not just the bigwigs with bulging portfolios. Owning one whole BTC might sound daunting, but the DCA method is like a magic door key, letting even small investors sneak in and gradually build their stash. It's not about starting with a Everest-sized mountain of cash, but about consistently chipping away, brick by brick, until you've built your own Bitcoin castle.

And let's be honest, the true measure of a Bitcoin investor isn't the size of their initial investment, but the grit they show in holding on. Patience is the ultimate superpower here. Sure, the market might do a jig or two, sending your precious coins on a rollercoaster ride, but the real magic happens when you resist the urge to panic-sell and stay put, letting time do its thing. Remember, those who planted Bitcoin seeds years ago are now reaping the harvest, their patience blossoming into a tropical paradise of financial freedom.

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Quote from: EFS on December 24, 2023, 04:48:25 PM

Quote from: cryptodude on December 24, 2023, 11:14:12 AM

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.

Trust me Bitcoin was too expensive for us too in the past. We thought we've already missed the great opportunity but time thought us it's never too late. If you think about long term investment start today and you will be surprised in a couple of years how your wealth increased. If you want to make a quick money with no effort then yes, Bitcoin is too expensive for you. But if your plan is 10-20 years you will gain a lot with Bitcoin. Don't waste your time and money with altcoin lottery, because it doesn't always go as expected.

For people who want to make quick money from bitcoin it seems it is too late and expensive for them to buy bitcoin but this is untrue, this is just how they feel towards bitcoin because they just want to make profits from it so fast. One of the sad things about bitcoin the more one keeps complaining the more opportunity wasting. No amount of Bitcoin is expensive, every amount can yield good profits if people can have the mindset of investing it for a longtime.

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Quote from: cryptodude on December 24, 2023, 11:14:12 AM

The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.

If you have minimal knowledge about Bitcoin then when to invest that is the right time Bitcoin price will go higher even if you have $2k assets to invest it not less. Investing in Bitcoin in the future will give you greater opportunities if you can only hold on to it for the long term. If you invest now you will get more profit if the price goes up.

Altryist

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You are not the only person who cannot buy a whole Bitcoin now, it has become too expensive not only for you. But you can buy Bitcoin in parts, determine a convenient amount for you and start buying, you will have many questions, but you will learn everything. Just keep in mind that Bitcoin is entering a bull market and it has already been growing throughout 2023, try to study Bitcoin yourself and understand whether it was worth buying right now or perhaps you should wait for some kind of correction.

CageMabok

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Quote from: PIMPdev on December 28, 2023, 03:19:39 AM

That's funny how the dude says that $2K is not enough to invest in Bitcoin when others just invest $50 or so every month and feel good about that. It's all about perspective and state of mind.

Maybe the man's thoughts are very different from the thoughts of other people who are more grateful for investing $50 or more each month. Even though I myself think that capital of $2K is quite good for investing in Bitcoin because the amount will be immediately visible if he buys it with an amount of money around $2K. So I also find it surprising when a guy says that much money isn't enough for an investment like Bitcoin that other people can do with even smaller amounts than that.

inthelongrun

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One of my plans before is to continue my monthly DCA until bitcoin reaches $50k. I don't know but I already missed 3 months including this December. I felt bitcoin was already becoming expensive and that I thought I could buy at a discount. So far, the more I waited, the more the price increases. I think I had the opportunity to buy bitcoin at $26k last October but I insisted on waiting a bit. My October DCA would've been valued at 150% and my November DCA at around 125%.

I wasted some opportunities but it is what it is. Now I have to stick to my plan B which is to wait for bitcoin to drop below $40k to continue my DCA and of course to fill my 3 months backlog.

KiaKia

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If you have 2k that you can spare for investment purposes, I will advice you to invest it into Bitcoin for now and don't stop there, some people can't afford this much and they are fine using $30 every month to invest in Bitcoin, you have no idea what's about to happen, with 2k invested in Bitcoin you can turn the money to 8k or 10k soon.

If you are looking forward to make six figures using this amount then you are on your own, because this is not possible any time soon, maybe some years down the road but not in this next bull market.

I prefer to DCA down the road for better numbers of Bitcoin because of price volatility, my advice is you should keep buying, don't let the 2k be your last step with Bitcoin, you will get better returns if you invest more money, I wish all the best, good luck.

Obim34

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Quote from: PIMPdev on December 28, 2023, 03:19:39 AM

That's funny how the dude says that $2K is not enough to invest in Bitcoin when others just invest $50 or so every month and feel good about that. It's all about perspective and state of mind.

OP doesn't know the value of the money he has, $2k is not enough to be contented with but can go a long way in investing it into Bitcoin.
It's not as compulsory to get the whole Bitcoin before being contented, not having enough to invest means building our portfolio with little fractions of Bitcoin.

Permit me to say Bitcoin is not expensive as we think, just that we have little or no money to get the amount we desire, their are people in the world who holds upto 100 BTC, I belive they are same humans as we. All Fingers are not equal, so accumulate according to what you have.

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