Bitcoin is Too Expensive For Me. - page 2.

carlfebz2

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Quote from: Fuso.hp on December 28, 2023, 03:02:56 AM

Quote from: kentrolla on December 27, 2023, 01:08:53 PM

Quote from: Fuso.hp on December 27, 2023, 01:02:52 PM

You don't invest based on how many thousands of dollars Bitcoin is worth but when you invest you think that this investment is just your start and that's how you keep investing. When you can convince the mind like this, the mind will be much stronger and you will be able to have enough confidence in the investment. I think $2,000 is a pretty good amount of money to invest. Most investors start their investments with much less money than this. It is not important how much money you start investing but whether you are able to make your investment consistently. If a sudden investment of five thousand dollars can be invested continuously for four years, then it is possible to accumulate more money by investing continuously than by suddenly investing.

This is the mistake most of the newbie make as just by looking at the price of Bitcoin or even any other coin if it's high they think that the price will not increase any further and they consider shit coins valued few cents or under $1 with the foolish mindset that it will reach the same value as Bitcoin and they would get huge returns. Education about how the value of crypto cannot reach beyond a limit should be understood and people should have idea about market cap and all.

$2k is a good amount of investment if utilized properly.

They don't look at potential but they look at how low the price of a coin is and what percent increase in 24 hours and which coin has the most volume. They are under the impression that if they buy a coin with two to three zeros after the decimal, if the price of that coin goes up a little, they can earn a lot of profit. But before investing, they don't think that if they invest in bitcoin, the value of that bitcoin may drop down by a few zeros. One of the most reliable coins for investment is Bitcoin and there is no coin above this coin for investment. $2000 is enough to invest and some people start investing with $50 to $100 so OP here can feel free to invest in bitcoin with $2k if he wants.

Sooner or later, they would really be able to realize on whats this and whats that. They do really just simply lacking those basic principles and other stuffs on which they would be later be able to encounter it out on which it would really be just that right that they would really be making adjustments out of that. So it would really be that comes normal that people would really be learning up their way through experience.
Bitcoin is expensive? It isnt necessary necessary for you to buy a whole coin but instead you could really be able to accumulate in fractions. Also, you should really just invest on the amount that you can afford to lose and never ever consider yourself on going all in with your life savings so that you would really be able to avoid on panicking whenever the market would really become that negative.

There are ones who are really that be sensible on the actions that they would really gonna do on the time that they would really be able to gain up that experience and awareness
but there are those people who would really be just sit down and would really be that idle on the time that they would really be having those kind of laziness or really just that afraid on taking up
some risks when it comes to this manner.

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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.

Big and successful investors these days do not instantly invest big time, but started on scratch just like everyone else. Their capital may be small but their motivation is big, so they weren't easily discouraged even with small amount of bitcoin purchases. And this is what I've been trying to integrate in yourself and make you realize that there's no small in an investment, only limited and narrow minded people who's minds are closed to possibilities and opportunities.

My point is don't be disappointed because of the current expensive price for bitcoin. That means bitcoin is highly susceptible to growth and development. Motivate yourself to invest more even with a small capital. Bitcoin does not require its buyers to buy the whole bitcoin, start buying small portions first and let it grow in time.

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If you have basic investment skills and really understand the Crypto currency industry. Of course, you know exactly where your money is betting on which coins, of course investment is not just profit, prices are very fluctuating, of course there are risks too. It takes quite a long time for you to get the profit you want.

Of course, Bitcoin, as we know, is a coin that is quite strong against inflation, and of course if you think the price is too high, maybe there are other alternative coins that can get multiple profits.

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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.

Don't think Bitcoin is too expensive for you, start investing in Bitcoin you don't need to buy 1 Bitcoin. You can buy as many as you like by applying the DCA method. Over time you can have 1 Bitcoin but with the condition that you must be consistent with the DCA method and need something called patience

Apart from that, I think to start investing with $2k, this is more than enough, you just need to hold it for the long term, moreover we will enter a bitcoin halving, of course every bitcoin halving, bitcoin will reach a new ath. so you can make a profit from your bitcoin investment. Bitcoin is a valuable asset and a rare asset someday so it is never too late or too expensive to start investing in bitcoin. Maybe this is my suggestion to change your mindset about Bitcoin investment.

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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.

Fuso.hp

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Quote from: kentrolla on December 27, 2023, 01:08:53 PM

Quote from: Fuso.hp on December 27, 2023, 01:02:52 PM

You don't invest based on how many thousands of dollars Bitcoin is worth but when you invest you think that this investment is just your start and that's how you keep investing. When you can convince the mind like this, the mind will be much stronger and you will be able to have enough confidence in the investment. I think $2,000 is a pretty good amount of money to invest. Most investors start their investments with much less money than this. It is not important how much money you start investing but whether you are able to make your investment consistently. If a sudden investment of five thousand dollars can be invested continuously for four years, then it is possible to accumulate more money by investing continuously than by suddenly investing.

This is the mistake most of the newbie make as just by looking at the price of Bitcoin or even any other coin if it's high they think that the price will not increase any further and they consider shit coins valued few cents or under $1 with the foolish mindset that it will reach the same value as Bitcoin and they would get huge returns. Education about how the value of crypto cannot reach beyond a limit should be understood and people should have idea about market cap and all.

$2k is a good amount of investment if utilized properly.

They don't look at potential but they look at how low the price of a coin is and what percent increase in 24 hours and which coin has the most volume. They are under the impression that if they buy a coin with two to three zeros after the decimal, if the price of that coin goes up a little, they can earn a lot of profit. But before investing, they don't think that if they invest in bitcoin, the value of that bitcoin may drop down by a few zeros. One of the most reliable coins for investment is Bitcoin and there is no coin above this coin for investment. $2000 is enough to invest and some people start investing with $50 to $100 so OP here can feel free to invest in bitcoin with $2k if he wants.

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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.

Apart from you, of course there are those with a smaller investment value and everyone can have Bitcoin because you can buy it in fractions, not whole 1 Bitcoin, so whatever money you have, you can start investing, only if you buy on a centralized exchange, you have to consider withdrawal fees, make a withdrawal every time you buy Bitcoin because it will make your investment costs higher, withdrawing it after making more than 2x purchases would be better and save it in your personal wallet to avoid CEX going down.

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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.

when it comes to investing in Bitcoin, the interesting thing is that you don't need to have the equivalent of 1 bitcoin before making your initial investment, with as low as 100 dollar , you can make your first investment which gives a spare $1900 left in your hand.

The jerk is to invest a reasonably high that won't put you in a condition of regretting ever making the investment in cases when you experience a momentary drop in the price of bitcoin. Start small and grow big and soonest you will be the advising those coming behind you.

Wish you the best of luck.

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$2000 is almost 50 mBTC. That is still a considerable amount of Bitcoin that you can afford. There are many people who started in Bitcoin only doing $10 weekly buys and after many years it has come to be worth a significant amount. It is not about how much money you have today. You have to think ahead for the long term. DCA'ing is a popular strategy that doesn't require a large amount of money. You could even find ways of earning Bitcoin in your spare time to supplement your investment.

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Quote from: highalch on December 27, 2023, 06:25:53 PM

If you think $2K is not enough, think about the rest of the world, 6 out of 10 can only dream of a $2K savings account. I'm dead serious.

Exactly, I don't even have $1k in my own bank account, not even close to that so I don't get why OP is so uncertain and doubtful about investing that money into bitcoin unless of course OP is saying that it's all of the total amount of that he owns then I can understand that but if it's in a savings account and not just his overall wealth then I think that OP will have every right to invest in bitcoin right now when the price is still stagnating and the chances of pumping is low.

Quote from: ChiBitCTy on December 27, 2023, 06:19:38 PM

Bitcoin is too expensive for everyone right now. I've got a few thousand dollars worth of bitcoin on a couple different wallets that I'm looking to move, but the fact that I've got to pay as much as I do to make those transactions worth, pisses me off really. These ordinals are dumb as shit and completely a waste of bitcoins true use cases. Bitcoin needs micro-payments in my opinion and I'm just not sure if LN is the answer.

LN could be the answer but the only problem with that is some people don't know how it works and how to make it work and so they end up not being able to use it even if it's a viable option. Totally agree that bitcoin is expensive for everyone but that's not an excuse because there are people out there that are buying in small amounts and little by little they're able to build up their investment until they reach their desired amount, the only reason why I think OP doesn't want to get into bitcoin is that OP's afraid that they might be investing at the wrong time given the current price of bitcoin right now, it's an understandable thing to feel but to be that fearful of risk isn't a good thing, sometimes you just need to do the leap.

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Quote from: tbterryboy on December 27, 2023, 07:06:52 AM

Quote from: btc78 on December 25, 2023, 02:16:36 AM

You can always do the DCA method or Dollar-Cost Averaging wherein you can also invest in small amounts in regular periods instead of investing a large amount in all one go it’s also my plan since i do not currently afford to go all in all at once it allows for better timing in investment and allows you to manage risks better

Years or months after Bitcoin is created, its value is already high, so many people are not willing to afford one Bitcoin. Much more at this very point. Its performance through the years and the information available are still not enough reason for the majority to buy a whole coin. So, they just buy in smaller portions.

It is usually when the price dips before they do it. While for some, they are using that method you said there, which was Dollar Cost Averaging. This is better than the previous one, as it allows us to buy immediately and we can experience less stress or pressure here because we are not minding the price of bitcoin and also the the capital that we put in.

That is why there is a satoshi term for it, I don't go around buying bitcoin, I buy satoshis, you buy 0.02 bitcoins if that's what you can afford and that's fine.

I have made my investments like that all the time, in fact, at the start of when I learned about bitcoin, it wasn't this expensive but I didn't trust it enough and made a mistake of investing very little, so ever since I learned what bitcoin is, I have not bought a single bitcoin, I have accumulated that much eventually here and there rarely, but I have never go out and outright bought one bitcoin. That means, we need to realize that sometimes we need to invest a bit less, and it's available and we can do it. Just get whatever you can, and hold as long as you can.

highalch

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If you think $2K is not enough, think about the rest of the world, 6 out of 10 can only dream of a $2K savings account. I'm dead serious.

ChiBitCTy

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Bitcoin is too expensive for everyone right now. I've got a few thousand dollars worth of bitcoin on a couple different wallets that I'm looking to move, but the fact that I've got to pay as much as I do to make those transactions worth, pisses me off really. These ordinals are dumb as shit and completely a waste of bitcoins true use cases. Bitcoin needs micro-payments in my opinion and I'm just not sure if LN is the answer.

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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.

Am sure a lot of comments highlighted several ways you can invest in BTC even as the price is high and in addition, you would have an ample amount of hope that it would be profitable in the future.

I would like to iterate on the DCA strategy of investment. It has been of help to those who intend to act on a cryptocurrency/BTC investment plan for a duration, seeing there is no funds in excess to afford it , even as the price is higher now.
Buy few Satoshis monthly or weekly or quarterly and HoDL in a secure offline wallet. This accumulation would help you fulfil any dream of being a part time or full time trader if need be or help you diversify your investment portfolio over a duration close to a decade at least.

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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.

Your 5 fingers are not equal and so is financial stability of individuals. Bitcoin is divisible into bits of sats(smallest units of bitcoin) and with any amount, yiu can get any amount of sats or MBTC, it's not not compulsory to have a full bitcoin because even you have the full bitcoin, it will give the same increment I'm growth and profits. If you buy $2k worth of bitcoin and another person bought a full amount and then bitcoin did 100% profit in a year, you will each have that the same growth but the return on your profit and investment can never be the same because of the weight of the capital; the higher the risk the bigger the profits.

Future opportunity depend on some micro and macro factors of the economy, it's not a guarantee that you will have a return but just make sure that for every bitcoin you but, hold it in a secure wallet and the wallet should be a self custodial where nobody have access to and hope for the best. It always grow but as I said, nothing said is a guarantee when it comes to bitcoin investment.

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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.

You will clearly find it expensive if you consider buying it the whole bitcoin. But we all know that no one would instantly dare to buy the whole bitcoin, except if you have nothing to do with your wealth and you just want to invest it all in bitcoin.

However, in your case OP, just invest on the amount you can afford to lose. No need to buy and hold the whole bitcoin, just a small portion of it is enough to hold while you are starting in bitcoin investment. But never expect for immediate big profits, bitcoin is a long term investment that it may take years or decade before you can make profits, depending on your own price preference when to sell your coin.

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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.

For anyone who is still starting to invest, buying bitcoin is definitely more expensive than altcoins or meme coins. But we are not here to invest in cheap coins and see their value losing in the end, we are here to accumulate bitcoin regardless of its current price. With that, if you are seeing it very expensive, then buy a small part of bitcoin and hold it for long term and see how its value will grow gradually. Unlike other coins, they're quite cheaper than bitcoin but we don't know if they will still be profitable in the end.

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Quote from: ShowOff on December 27, 2023, 03:03:38 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.

You declare yourself a small investor with $2000 in assets, but rest assured that someone out there is setting aside $1 every day to invest in whatever he thinks is good, including Bitcoin. What you need to do is feel confident that your investment can provide returns, of course it must be commensurate with the value you have as a capital budget.

After all, $2000 is a lot of value when I convert it to my country's fiat. So start investing within the budget you have without having to measure other people's wealth which makes you look small. $2000 is equivalent to 0.0463 btc, so start now or never.

I agree that $2000 isn't a small amount and I know many who joined the Bitcoin adventure with less than this number. In fact most of the forums members did not start with this amount here and I am pretty sure with that.
I don't think it is clever to put all the money in Bitcoin, unless they are extra saving that he can afford to see it down for a while and not use it during that period of time.

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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.

You declare yourself a small investor with $2000 in assets, but rest assured that someone out there is setting aside $1 every day to invest in whatever he thinks is good, including Bitcoin. What you need to do is feel confident that your investment can provide returns, of course it must be commensurate with the value you have as a capital budget.

After all, $2000 is a lot of value when I convert it to my country's fiat. So start investing within the budget you have without having to measure other people's wealth which makes you look small. $2000 is equivalent to 0.0463 btc, so start now or never.

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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.

It's a good thing actually that bitcoin has totally increases its price and now we're seeing it's new peak price. If you were here when bitcoin price is still cheap, you can invest even the whole portion of it but since the price is quite expensive right now, then you can invest even a fraction of it. Your bitcoin investment will eventually grow in the future and makes a whole bitcoin if you do DCA consistently. So patience and consistency on your DCA method is the key.

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