Topic: Bitcoin still unaffordable (Read 396 times)

What's the connection or your title "Bitcoin still unaffordable"? You said that people can buy into fractions and there's nothing wrong with it. I know that others can't avail the whole thing but that's how bitcoin is giving us a big opportunity that while it was on the dip you can now keep on buying. And for those people who are very negative with bitcoin, don't say that its unaffordable, the question is when you'll buy? When the price is already $20,000 --->/ $50,000?

I think it's your own choice to buy a whole bitcoin instead of buying bitcoin shards but if you're waiting for the price to drop to 4000 $ as you mentioned. You may be able to buy it but such a time is unlikely to come. The last one I see dip about 6,000 $ maybe for the crowd it is the lowest price you can buy it. If the price is as there say 4000 $ then still many people can not afford it with 1 BTC intact and also for those who can buy 1 BTC intact even more, still will not buy it at that price because they will wait for the price to fall more low. So then those who want to buy more BTC lose the opportunity to buy BTC for a lower price. My advice if you really want to invest in long-term bitcoin then you should buy it with what you can afford even at any price as long as you are willing to release your money if something unfortunate happens and so forth.

Regardless of whole or  a fraction, I don't think you cannot say which is better. Because at the end of the day it would still be on the peoples capacity to invest into bitcoin. Some can afford whole prices why some cant. But we just need to remember that no matter what size we can trade of fiat value into btc, it would still be a good investment in the long run.

It is unaffordable if we don't have enough earnings but for the investors I don't think so.But somehow If we get paid for our effort in joining different compaigns.That is the start that we can tell them that bitcoin is affordable.But for now our goal is to make an income and continue joining for compaigns.

The BTC being unaffordable to some or even most members of society, is both a reflection of how dynamic and somewhat successful it is. As it is true that when more people would have it, the value would be affected and could decrease. Although it is dynamic in nature, the market it has, and it in itself transformed or evolved into an almost self-sustaining system, which means it already has a cycle. It is also noted, that although many cannot afford it, several ways exists that would allow a person to acquire it. A perfect scenario depicting the latter would be, a person who, at a particular moment, have insufficient money to purchase 1 whole BTC, but has sufficient money to start mining. The volatility of the market it is in, also adds up to it, being dynamic, as prices suddenly go down in an instant, for a short period of time, this would then allow many who have little funds or budget acquire the "item", and would allow holders to release, and those who understand the risks hold on to the "item", and wait for the prices to go up. If a person who has a serious intention of acquiring and making money out of the BTC trade, but has no money, then other means exists. To conclude, the BTC being unaffordable to some or many, is an indirect evidence that it has potential. Thus, it is a fact that not many can buy a whole BTC, but can acquire it through other means.

why need to force your self to buy who bitcoin when you can even buy half of i?get what you funds can and start earning now.dont wait for that low price because thats will never happen

Well it's your own choice to buy one whole bitcoin but if you are waiting for the price to go down as what you mentioned so that you can afford it then that time may not come. The last dip around $6,000 maybe the lowest price you could have bought it ever. If ever the price would reach $4,000 then there are still so many people who cannot afford it or those who can afford but are not willing to buy it at that price because they are waiting for it to go lower in which case they miss the chance to buy at a lower price. If you wanted to invest in bitcoin for the long term then you should just buy what you can afford whatever its price and it doesn't matter how many it is as long as you are willing to let go of the money in case something unfavorable happens.

You are very right. The capital is the first step in gaining a huge amount of profit. But, I think its price will not drop again since the pumping has already began. My period of prediction for this event that bitcoin will be less than 5000 USD is in every January.

For me even bitcoin is dropped its value is not yet affordable by anyone who are in average level in their financial aspect even we say that they have saved almost 20$ is not yet enough to afford. Bitcoin is most not affordable when it hits its value in a peak or Maximum value so we must have a huge savings if we really wanted to have bitcoin in our account.

in my opinion bitcoin is back to normal price although the movement is quite slow, but it is a good news. I am sure within the next few days bitcoin will recover as before when it has not decreased.

Buying bitcoin now is still really expensive. Buying whole one is hard so people just buy fraction of it. If the price will decrease to 2.000$ then we can buy whole bitcoin again. This time, it is better to invest in altcoins because they are affordable then kater you can trade them for bitcoin.

I don't see anything wrong with buying portions, of course buying 1 bitcoin for a lower price is a better deal.
You know who got a great deal? Those people who mined hundreds or thousands of btc in a few hours, or people who paid a cent for a bitcoin, but we will never go there no more either.

nope price won't return to 4k to 6k $ or time won't return to the year bitcoin price is low. if you can't afford bitcoin then work hard and earn money then buy. if you really can't afford buying it despite working hard then just buy what you can afford. you can buy portion by portion until you can have a whole bitcoin.

LOL though I don't agree with the "buy a whole bitcoin" thing, I do think the current price of bitcoin and every altcoin is way too overpriced.

Why should I buy, use or hold bitcoin if transaction takes 1 whole day to clear, with up to a few hundred dollars of fee, at a volatile price manipulated by a bunch of whales, and network totally centralized in a cartel of 3 mining pools mainly controlled by 1 company？ And worst of all the only way I can get bitcoin is buying it (or selling my labor for) directly or indirectly from these mining cartels, at a ridiculously overpriced rate, and not to mention the endless cryptocurrency scams popping up every minute which I must constantly watch out?

It's a collected hallucination.

 If you'll wait when the price is leveled to the amount you can afford to buy whole then you might end up losing numerous opportunity of buying. We'll never know if ever Bitcoin will reach as low as the price you wish. So the best thing is to buy whenever you have some spare fiat to spend.It should not be seen as the affordability of Bitcoin but rather how much you can afford. That's the main purpose of Bitcoin's divisibility.

Yes. That is what we call as market forces. No need for marketing for it is too enticing to buy.

Currently bitcoin prices are still very expensive, if for me to buy the whole will be difficult. I'd better try buying another altcoin with better price-increasing graphs like ETH and BTG. This is just my thinking, sorry if something wrong.

At what price range would you consider bitcoin as affordable? Even at $5,000, it still is too expensive for Third World Country citizens. When it was below $1,000, few people are buying 1 whole bitcoin. You might not have the chance to invest if you want to your minimum requirement is 1 bitcoin.

If you rush on buying the whole bitcoin then it is not bad at all. But it would broke your daily needs and could possibly hard to do. If you want to buy a whole bitcoin yet you dont have tge money, then it is better to buy a fraction in a consistent basis and approach a whole in a matter of time. In that way, your daily expenses will not ba compromised.

Bitcoin is affordable. It is common misunderstanding that you have to buy at least 1 Bitcoin. Bitcoin is dividable up to 8 points so I guess we won't have to worry about it for a longer period of time. Some people proposed increasing the amount of bitcoins but it has no sense. Just use another unit on your wallet. I also thought at the beginning that you have to buy at least one but my friend quickly helped me to understand why I was wrong.