Topic: Bitcoin is Too Expensive For Me. - page 5. (Read 933 times)

  Personally this is something I would consider, diversifying my money. Bitcoin is good and promising yeah but then I don’t just like placing all my eggs in one basket. Bitcoin is a must asset to own and it’s never too late to jump in to the market, with just finding the right entry and entering the right time you can have your own share in the market. These other assets you just mentioned are not bad investments too, and the interesting thing is that they are not as expensive or high priced as Bitcoin, these other coin can give you a good return too in the next bull run. We are currently seeing the rise of altcoin, these coins can actually yield profit too as bitcoin. With just getting the right information and DOYR.
    There are lot of opportunities in the the crypto space, we just need to ready to engage and have a reasonable capital to invest with. The bull market is coming and lot of opportunities comes with it. But then we still need to be careful about our decisions and dealings around the crypto space, they are lot of cyber criminals out there waiting to prey on investors, we should be extremely careful with the kind of exchangers we are investing with. This criminals can be so smart to even go to the extent of making clone exchangers disguising to be true. I guess with the help of the forum we shouldn’t be worried about those cause the forum has given us that better insight and understanding about Bitcoin and cryptocurrencies as a whole.

With $2000, are you really serious about investing, and Do you have any plans for it?

I know many people are hesitant because they want to own more numbers in their account than the value of the investment. Balancing risk/return on investment helps us reshape our position. I agree that altcoins can bring quick and profitable profits but at the same time cause assets to evaporate quickly. The main problem is investment asset management. For people with large assets they do not like much risk. So from a personal perspective, I can understand why the OP thinks it's not suitable, but remember at some point when you have a larger investment your thinking will prioritize bitcoin, it's like a game loop of accepting decisions to achieve a goal.

When people thinks bitcoin is expensive to invest I think they do not understand what it means to invest in bitcoin. To invest in bitcoin one doesn't have to invest 1 bitcoin or the whole Bitcoin,  Bitcoin is open for everyone irrespective of what one earns. If you are planning to buy bitcoin that is above your means of income, I think it is not the best decision for investment. In bitcoin we buy and invest what we can afford that won't be a burden to us.

As the value of bitcoin keeps increasing it doesn't mean people won't be a able to afford it, people can still buy according to their income and it will still be profitable if hodling is it for a longtime.

Diversify your money mate, there is some option that you can do so you can still earn in bitcoin and also in altcoins.


1000$ = Bitcoin of course

400$  = Ethereum

200$  = Binance coin

200$  = Ripple

200$  = assorted coins of your coins even shitcoins or meme coins.


with those listed you can at least have some chance of earning multiplier .

I don't see why you said you cannot afford Bitcoin when you clearly said that there
is 2k dollars on your pocket? you don't have to buy whole bitcoin instead you can just buy that
amount for bitcoin portion and then once there is a great pump then you can double or even x5   
that amount in the future.

$1000 is quite good amount of money for investment. If we buy Bitcoin with $1000, it probably can be $2000 or more in the future.
Sure, the price of Bitcoin is predicted to reach $100k in the next bullrun season. People who didn't buy Bitcoin, will regret it when Bitcoin reaches its new ATH in the upcoming bullrun season. So, we mustn't waste the chance to buy Bitcoin now.

Agree. It isn't a must to have a single investment. Many people diversify their investment to have a chance for bigger profits. Although altcoins are riskier, but it offers faster and bigger potential for profits. Sure, we risk the money in altcoins, but it has some advantages for sure. So, it deserves to try for having some type of crypto coins.

Bitcoin current price is impossible for new investor? Nah, just like what I've always said, this same words have been over used already. People kept complaining when bitcoin value is rapidly increasing, but always has doubts during bear season or when the price tend to slow down a little bit. When it was still around $1k, people said it's too late as bitcoin may have peaked and is impossible for someone to investment at the moment. Then a few years after it hits $10k people said the same thing, until it hits almost $20k still nothing changes people still thought it's too late and impossible to make profit from it. I'm not surprise if there are still people who will still say the same thing, just like the OP.
TBH, $2k is a decent amount to start.

You can do very well with $1000 investment on Bitcoin, this idea of too costly was what many believed when Bitcoin reached $100, those who missed buying at $10 believed it was too late already, you don't need a full bitcoin, you can just buy some and risk your money on other alts, this is not a financial advice though but I believe that other assets have better returns in a short period of time than Bitcoin, when and if Bitcoin makes a new all time high you will definitely make good money even if you don't invest a lot.

This is the best method you could do because those who bought 1 or more Bitcoins at once are rich people and they can actually afford it whenever they want. as for those people that haven't reached enough fortune to buy that much, they can just take it easy for themselves by dividing the money they need for their essential needs and when they reach the money that they don't have any use for it, they can actually just convert it for bitcoins like many of us were doing right now. That's how you make it easy so that others can also invest in bitcoins without worrying too much about their money.

Best mindset to have and it's a good advice to just invest that 2k in bitcoin and giving out the prospect of what could be the resulting profit if they've invested and waited for it until the price has gone to a 100k, you've also covered the DCA part so OP doesn't have an excuse not investing or regretting investing. My only take in all of this is that OP should take it all slow, if OP doesn't feel like investing a huge amount of money to bitcoin, they can just do DCA so they can ease in without too much worry or regret about investing in bitcoin. And to OP, remember what @pinggoki's last statement, that your indecisiveness could be your downfall.

The basic thing to know about Bitcoin is that You don't need to have to buy 1 BTC. You can buy it whatever you have with a minimum purchase on the exchange and that can be as little as 10 dollars. so it doesn't have to be 1 BTC. Moreover, you have 2K, so this is an opportunity for you as long as the money is an amount that you can afford to lose. You need to understand first how much money you want to invest, whether it will be all BTC or will there be diversification into top altcoins which also have small prices. This will definitely affect your investment. Pay attention to the coins and don't choose new shitcoins or meme coins.

And yet you can afford to use a smart device and have internet connectivity to post on this forum?

You can answer this yourself if you read the charts of bitcoin back in 2009 to modern day 2023 and see how much the price has risen in the last 14 years. If the early adopters would have chickened out back then they would not be so well revered as of today.

Dont forget that you dont need to buy a entire 1BTC to invest. It is divisible upto 8decimal places and fractional buying is what people most commonly do.

When bitcoin price was about $1, then someone called it too expensive.
When bitcoin was about $10, then someone called bitcoin too expensive.
When bitcoin $10000, then someone called it too expensive.
When 2021, bitcoin was about $69000, then someone called it too expensive and too late to invest.
But now bitcoin $43000, then someone called it too expensive and too late to invest.
In the future bitcoin would hit $100000, then someone called it too expensive and delay to invest...

Don't hesitate, invest and be rich in the future.

You have a higher amount of money than mine, but I manage to buy Bitcoin still.

You're like some of the newbies out there that have what I call "1 Bitcoin syndrome" where they think that they can only own 1 whole Bitcoin, but in reality, they can buy a portion of that whole Bitcoin. I mean why do people think like this? What they want is to buy a single Bitcoin instantly, and if they can't, they'll think that Bitcoin is too expensive for them.

I'm like you OP when I was a newbie. I wanted to own a single Bitcoin at that time, but through out the process, I learned that I could still invest in Bitcoin without buying 1 whole Bitcoin. Buy Bitcoin weekly, or monthly basis, or depending on the availability of your money. You don't need to own a whole Bitcoin in just one buy, but you can buy portions of it until you get that 1 whole Bitcoin.

Of course, you can buy any amount of Bitcoin, which doesn't mean you have to buy 1 Bitcoin to invest.
I suggest you get rid of the thought that Bitcoin is too expensive and you can't afford it, it will be detrimental to your future.
The price of Bitcoin moves quickly at any time and is likely to return higher in the future which makes it useless for you to wait for the price to be able to buy it, so it's better to invest whatever you have while continuing to look elsewhere to add to your investment savings. You.
Remember that this is a long-term investment and you can do it gradually to get much bigger profits.

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

You don't need to buy 1 BTC at all instead make a portion of it is enough for your investment, not all people have the budget like others to invest a large amount, but having a 2k USD as an investment is a big amount of money if you are not confident with the bitcoin just a half of the asset you have and half of it is into the arts like we keep saying that not ideal to store most of your asset in just a one bucket of investment to prevent burn all of your money. With the current market price 2k$ is now 0.046 BTC

No, it is not impossible for a new small investor who wants to invest in bitcoin. They can still buy bitcoin at the current price or in the following months.
As long as they want to invest their money in bitcoin, they can start whenever they want.
With that $2k wealth, you can invest in bitcoin using the DCA method. And it will depend on whether you want to do it or not.
Investing in bitcoin with DCA means you buy bitcoin regularly for a certain period and save it. You should also set your selling target so that you can sell the bitcoin if the price is reached.
At that time, you can make a profit and I think the investment value can exceed the value of your initial investment.
And before you start investing in bitcoin, you should learn what needs to be prepared so that you don't go down the wrong path and can hold your bitcoin until the time you determine.

Yes, Bitcoin price is around $43k to $44k now, expect it to go up gradually. Since you have $2k you can buy small amounts of bitcoins. If you think you will buy when the price of Bitcoin is going down, then you will hold back from buying Bitcoin because the price of Bitcoin will rise further in the future. Since the Bitcoin halving is just a few months away. We know that Bitcoin price increases during Bitcoin halving. This means that you could miss out on potential gains if the price of Bitcoin rises. I think you should invest in Bitcoin now, then you will surely see profit in future.

You got that 2k invested in bitcoin and trust me, you're going to get a lot of profit if you hodl for a really long time or just set it to be sold when bitcoin gets to 100k. Also, you've got a job probably right? You can slowly invest in bitcoin via DCA and as time goes by, bitcoin isn't that expensive to you anymore. Don't be like those other people out there that's still indecisive about bitcoin investment because they're going to have a hard time regretting that indecisiveness when bitcoin gets to a new ATH.