Topic: Bitcoin is Too Expensive For Me. - page 8. (Read 933 times)

Seeing Bitcoin at about $44,000 doesn't mean you can't own a bit of it, it's only that you can't get to own the whole of it with that kind of an amount. It is painful that people didn't take Bitcoin seriously when it was so cheap, but now, it is becoming more difficult for ordinary people to own a full Bitcoin, but the rich. Well, as it is now, if you truly mean the investment and you are smart as well, one day, you will get to own a full Bitcoin. You will wonder how. The logic is simple. You will start by buying any amount that your money can take you now and wait for it until the full bullish potential of this current season is fully actualized. Then liquidate the position and wait until the next bearish season would be over to buy again. By then, Bitcoin would have been cheap again and would have reached a very low level again and you would have gained multiples of your initial $2,000 from the initial bull run you started the investment with.

So, you continue like that. Let's say that Bitcoin moves x3 this time, you would have about $6,000 by then. And in the next strike, you might strike it close to around $20,000 if possible. So you would use the $6,000 in the next bull run for another round of investment, and it goes on like that. Before you know it, by the time you do it two more times, you might have had a whole 1 BTC+. That is a good approach but it will take time before one can achieve it. Who cares? Once it is a long-term investment plan, it will definitely work as planned and you have nothing to lose as well once you do not immediately depend on the money.

OP, you already have what it takes to invest in bitcoin, you should buy Satoshi and not 1btc. You can even buy bitcoin for as low as $100 weekly with DCA method. This will enable you to increase your bitcoin portfolio gradually. I know what newbies think about bitcoin that they must buy one full bitcoin but that is not true. This is because bitcoin gave a opportunity for both the rich and poor to invest in.

I will advice you to use your $2k to buy bitcoin but not once, as you can share the money into two parts. You should use one part to lump sum and use the other part for DCA, where you can buy at different price and at different time  interval. Also you can set aside 10% from your monthly income for regular DCA either weekly or monthly and hodli for a long term.

You can accumulate your bitcoin in an exchange when buying with a small amount like $100 and after it has reached $300-$400, you can transfer it to your self custody wallet.

trying to self custody bitcoin even at $100 allotments is not feasible due to the bitcoin fee..
however some people are taking the risk of just using a centralised exchange as a bank account to keep balance of sats value and not withdraw to self custody.

$2k small money?
Though, it can be a good investment for the long term if you hold it until the latest ATH is reached.

You've been on this forum long enough, and even longer than me.
Since 2013 have you been accumulating Bitcoin or just squandering its price when the price is still very cheap.

If you say that the current price is too expensive, let you see how much the last ATH has decreased.
That's about -36.70% and it's still a good opportunity to keep accumulating, doing DCA with your money, waiting for a correction to start buying.
If you're still waiting for the $10k price, that would be a dream that won't come true right now.


https://www.coingecko.com/en/watchlists/all-time-high-crypto

You don't need to buy the whole 1 BTC, you have the option to just a fraction of it which you could buy even just worth $10 if this is the only spare amount you have. You won't even hurry to sell them when the market starts dumping after all it's just your extra money. Consolidate all your extra money in a year and you may find yourself a lot more in 2024.  The goal is to have something that you can keep in your wallet in case you need it the most. It helps you feel secure that you still have some money

I believe $2k is more than enough to begin investing in Bitcoin. You really don't have to buy a full Bitcoin to make profits from Bitcoin investment, all you need is a share in Bitcoin and for that you can start with even $100.

I recommend you to follow a good strategy to accumulate Bitcoin with $2000, you should either go with weekly DCA strategy or dip buying strategy, both of them work like charm for all investors. I would suggest you to learn about Bitcoin before investing in it.

You should give some time to learn about personal wallets and how to save your private keys and seed phrases and once you learn it fully then you can purchase Bitcoin on weekly basis or by using the dip buying strategy. Remember, your own personal wallet is the best way to hold Bitcoin.

If you really wanted to invest in Bitcoin, you'd better start now because it is likely possible that in the next few years, it will be more expensive than today. You don't need to have a huge capital, $100 is enough to start. Perhaps, you can add more if you want like adding $100 weekly or monthly, depending on your capability. It depends on your way of investing, DCA is a common strategy, you can try it either.

But if you are in doubt and think I CAN'T, nothing will happen to you aside from losing the opportunity. The market will soon to bullish, can't afford to miss it, I hope to consider it and find a way to invest.

You think Bitcoin is too expensive, right? You don't need a whole Bitcoin! Like real estate, you buy a part that fits your budget inside a block. Buy a Bitcoin fragment with $2k. You can invest what you can afford, which is great. the sooner you invest, the better. Bitcoin increases over time, like any good investment. Simple market rule: demand raises prices. As more people use Bitcoin, its value may rise. Waiting? That means the same pie piece may cost more.

---

Remember that no investment, including Bitcoin, is guaranteed. But if you're looking at the future, think about it this way: Bitcoin is advanced technology, not simply currency. It's changing finance. Your $2k might unlock that future. Be cautious and never invest more than you can afford to lose.

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.