Topic: Bitcoin is Too Expensive For Me. - page 6. (Read 933 times)

When you consider an asset for investment, you will have to consider multiple factors at the same time

Risk must be small enough. There is always risk to lose money but if you can find an asset with minimal risk, it is better.
Chance to get profit. Bitcoin is a strongest cryptocurrency and it leads cryptocurrency market. It has four-year cycle with Bitcoin halving and usually makes a new all time high with each new market cycle. Chance to get profit with Bitcoin is good if you can hold it.

Your priority must be safety for your capital. If you can not protect your capital, don't think how you will be able to get profit and can protect your profit.

With Bitcoin, you don't have to buy 1 BTC but can buy 0.001 BTC or 0.01 or 0.1 BTC. Even smaller amount can be purchased through Lightning Network too.

Right now Bitcoin looks expensive, but if you invested 10 years ago you probably wouldn't complain about the current price.
You don't have to buy 1 Bitcoin to try investing, try first with a small amount that you can afford. It's better than nothing.
There is no guarantee whether in the future Bitcoin can give you the investment value you expect, but in the crypto user community they don't always talk about its valuation value.
There are also those who actually apply the exchange rate in real life.

Of course, Bitcoin has started its journey to its all time high again. Looking at the current price, you are right that a small investor cannot invest in it as it will require a good amount of money to invest. You can also invest in bitcoin from $2k, but it is less likely to give you a good profit, because even if the price of it double from here, you will only get $2k will be the profit. no one knows how far the price of it can go in the future, and how far it can fall again if it falls.

So time will tell if you can have a chance to invest or not, but if you choose small, better and more strong coins instead of investing in bitcoin, you can get good returns. small coins are risky than bitcoin, so bitcoin is the best option if you want to prevent any losses.

If you are referring to a whole bitcoin, then yes, it's too expensive or the price is so high that you can't easily afford to buy and invest in it, but that's not where you can only invest in bitcoin; in fact, you can only bring a fraction of bitcoin or satoshi, so your $2k can be started as your investment; it doesn't have to be; you have to buy 1 BTC. No small investor can start with a fraction, and from that, you yourself will find the opportunity to earn.

That's why it's very important for new investors to invest in ideas and knowledge first before they can engage in investing. See your mindset. Most of the mindset of a beginner is being intimidated by the high price of bitcoin. You should explore more and gather knowledge from that. You will know that you can start small and that your skills will make your investment grow.

21M total supply
19M circulating Supply (Approx)
8b total population
How do you become a Bitcoin investor in this race of 8 billion people? This competitive coin will one day become the world's most valuable coin, while Bitcoin will be the benchmark for the wealth of the world's rich.
So, if you really want to invest in bitcoins, invest as much as you can without delay. The amount of bitcoins you get now will get you less bitcoins with this dollar in the future. So I think it is better to invest in Bitcoin as soon as possible without delay.

realistically 2k is not going to ever be 1,000,000

Yes if you grabbed 100 btc at 20 usd each and held them til April of 2021

 $ 2000 did become  $6,900,000 and it will likely never do that again.

In fact we very likely will never see a $20 investment item turn into $69,000 ever again in out lives.

I know of no item that was even lower than $20 actually lower than $1 that did what BTC did.

I do not count lottery tickets.


But that does not mean you can't turn the $2,000 into  $40,000 or more.

Heck I had a $2,000 IRA for 30 years it become $28,000 when I cashed it out.

not too expensive if you want to invest in bitcoin now, I got to know bitcoin in 2017 and I'm very sorry to see the current price of bitcoin, I think the price of btc in 2030 will reach $ 200k if I look at bitcoin's current journey, even though it doesn't reach that price like that, bitcoin will definitely grow continuously

The only thing that's expensive about bitcoin nowadays is its transaction fees lol. The reason why you think bitcoin is expensive is because you mainly assume that "buying" bitcoin, an investment tool, is more like buying stuff conventionally, which counts as an expenditure. And in that regard let me break that wrong preconception for you so you gain more confidence in making investment choices in the future, doesn't have to be bitcoin or whatever.

When you buy something like bitcoin, you don't just "buy them", and that's it. When you buy an investment, you don't generally buy them, you make them work for you. It's like sending your kid to school really, or hiring someone to do your work for you. Your kid does all the heavy lifting in school and graduates to provide himself a future that you can be proud of, you reap some of the benefits, and that's it. or in the case of the outsourced worker, you have him do your work for you so you can have more opportunities to earn money in other ways, he gets your job done and you get paid still.

Basically buying bitcoins or any investment for that matter doesn't just entitle you to a purchase, it entitles you to a better financial future that you can achieve soon as you make that choice. And for crying out loud, if you can spend hundreds of dollars a month paying for useless subscriptions I think you should be able to buy yourself a few bitcoins consistently lol.

If you want to have one bitcoin at a time, it may be small with a fortune of $2k, but you can use the dca method by buying bitcoins gradually until you accumulate one btc. Bitcoin investment is not only for large investors but also for small investors. After all, bitcoin investment is not seen from the amount of capital you have but it is seen from how much capital you consistently make on Bitcoin and hold it patiently so that you can get bigger profits in future.

And investors must always remember, Bitcoin is still a high-risk investment. So, if you buy bitcoin, you have to be really careful and willing to lose money. Likewise because high risk, high reward. So don't be a crybaby. Invest the amount you want to lose to avoid premature aging.

Invest whatever you can afford right now, buddy. Bitcoin is a flexible investment where you can start with as little as 5-10 dollars. You have different methods to choose from, like Dollar-Cost Averaging (DCA), lump sum, or buying the dip. However, buying the dip might not be ideal since you'd have to wait for Bitcoin's price to drop. Right now, there might not be a dip soon, and today's price could be considered a dip tomorrow. Whatever you decide, act quickly to not miss out on the next bull season. I suggest using the DCA method. Pick an amount, like $50, and decide how often you'll invest that amount. This way, you can steadily increase your Bitcoin holdings, and before you know it, you'll have invested a significant sum.

Why would you think $2k is not enough? Any amount is enough. There isn't really any minimum amount to buy bitcoin. There are lots of people who own less than $2000 worth of bitcoin. I have no idea why you say "it has become impossible" for someone with $2000 to put it into bitcoin. It is very possible, there is literally nothing stopping you from buying $2000 of Bitcoin.

The only thing, asset or property, that you can consider too expensive for you above what you can afford is something that can't be split or divided into different sizes, but in bitcoin, it's not compulsory that you buy a whole bitcoin; you can buy as little as you can afford if not for the network fee. You can even get bitcoin for as little as 5 cents, but right now you can just do a DCA with little of your capital.
 
If you still don't buy now with the belief that it's too high, you might also not be opportune to meet it here again in the feature, so it's better for you to start accumulating it small and small with the little that you have and can afford before you will even realise it. You might have accumulated up to 1 whole BTC. Many people who are even earning less than you do are bitcoin investors.

The high rise of bitcoin hasn't in any day or way made new small investors stop investing in bitcoin. It is you as a new investor who doesn't want to take the risk to invest in bitcoin now you have the opportunity.

To keep on checking on the price of bitcoin doesn't help matters because it won't fall down below $20k. You better have an entry price to invest at the current price(above $40k). That's the favor you can do for yourself than think a lot about the bitcoin price. Invest the $2k you have, if it is a spare money. You can implore a DCA strategy so that you won't invest your $2k at once in bitcoin.

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.

There seems to be a few mistaken ideas about bitcoin on your post, first of all it seems you think you can only buy bitcoin in full units and this is not true, you can buy fractions of bitcoin and 2k is enough to buy you enough of it to hold for the long term, especially if you keep investing any spare money you may accumulate during the next months, another mistake is that you seem to be expecting for the price to go down before you invest, and while this makes sense, as the lower the value of bitcoin when you buy it the higher the profits you can get, you want to do this when we are already very close to the halving, and this means an upwards movement is more likely than a downwards movement at the time.

Where were you when Bitcoin was playing in the $16K zone? Wasn't it very cheap compared to the current price? We often see this type of post when Bitcoin has been mooning already. However, it still isn't overpriced if you compare it to ATH. On the other hand, there are rumours about the Bitcoin ETF, so if it approves, then we might see more pump on Bitcoin. So I can still say it's cheap if you can afford it. Keep in mind that crypto investment is always risky since we can't forecast it exactly. So do what you think is best; we don't know if Bitcoin would be cheaper.

If it is too expensive and burdensome then I suggest not to do it
It's quite simple actually because in this case we have to be able to feel confident in what we are doing but when we are not too sure and feel more pressure to be in bitcoin why do we force it because there is no need for a reference for ourselves to be in bitcoin and bitcoin also does not have a forcing nature for everyone to accept so with things like this for what to force things that you cannot force.
Your mindset at least needs to be changed in this case because when in bitcoin it does not mean you have to be able to have 1 or 2 bitcoins at once but indeed because your mindset is only for large profits then you feel that buying bitcoin with the amount of wealth you have becomes meaningless because bitcoin is already very expensive (according to your beliefs and you cannot reach it).
You have to find out more about bitcoin because if it is only a large and short profit that you think about then forever you will not be able to get out of bondage.

I think the issue isn’t that your a very small investor, it’s rather of two key things.

1. You hope to invest just about a cent and get a massive ROI that reads in thousands od dollars and I’m not talking about a thousand but as much as 5BTC and above could offer. (Just an insinuation)

2. You don’t care much about getting sats or mBtc, your focus is on getting at least 1Btc and then you reap the benefit that follows when it booms.

Apparently. You can’t hope to invest very little and get massive ROI. It’s always young to be in multiples of your holdings.
The good news that you’ve failed to look at is that, Bitcoin isn’t a currency that requires you to own a whole (1Btc) at a go. It’s something you could always accumulate over time with some good plan. That’s why we’ve got the DCA strategy. You could gradually build your portfolio and don’t think much about it but, it would be worth everything when the time is right.

Listen up, OP. Whatever you spend on bitcoin you can expect similar profit percentage wise. Say you invest $1k and bitcoin goes up 50% next year, you'll have 1,5k. Someone who invests 10k will have 15...
Buying a whole bitcoin doesn't change anything! There's no rule saying you have to own a full bitcoin to profit from it.

That said, if you feel like it's too expensive, so be it, but years ago bitcoin was still trading at over 20k, so there was no way for you to get a full bitcoin, even in 2021 or 2022. What does it matter if you could only get 0.1 years ago and now you can get 0.05? What matters is you turn your fiat money into something that doesn't value money every year like your cash.

True.
He's got money to buy but don't want to because that thinking of his is stopping him to buy in fractions.
Remember OP that you don't have to buy a one whole bitcoin but you can always buy less than that and in cheaper quantities.