Topic: Bitcoin still unaffordable - page 3. (Read 396 times)
I agree that Bitcoin is too expensive for ordinary people. If they can only afford a small amount of money it's just not worth it just now. If it crashed down to 2-3k then a lot of people would buy and they could at least get some profit.
Well you just missed the opportunity to buy bitcoin at lower price like 2k-4k usd last year. Bitcoin price now is high but it is still affordable. You wont need to buy 1 Bitcoin, decimal/fraction will do because bitcoin still has a chance to pump up to 20k again so buy when you feel the price is low
What about the various sub-units of bitcoin that we've worked to establish? $10000 is pretty expensive, but you don't need to get 1 BTC, you could get 1 mBTC ($10), or 1 satoshi (less than a cent). Saying that the price going under $6000 is a good thing because more people can "afford" that is just silly.
I think it's impossible fall to 4k because we got correction well.
If the price goes back down again to around $4000-6000, people will be able to buy whole bitcoin, I know people can buy fraction of bitcoin, but buying whole is a better deal.
Huh? Why does the amount matter? It is a completely arbitrary value. Like counting gold in ounces. An ounce really means nothing. If the price goes back down again to around $4000-6000, people will be able to buy whole bitcoin, I know people can buy fraction of bitcoin, but buying whole is a better deal.
Well, if you're looking for an affordable bitcoin you are already late. Bitcoin was very affordable way back 2013, and a lot of people was hesitant and even thought that bitcoin was just a bubble or a scam. A lot of people jumped in when bitcoin started taking it's ride to the moon, since then, bitcoin price became really expensive. A lot of people who invested early already earned a lot.
Of course more people can buy a whole bitcoin if the price goes to 4K. And you know you can also buy just a part. However, the bigger you bet, the bigger you win.
The volatility is what makes bitcoin profitable, as long as the price goes up, you make earnings. It's not a matter of buying a whole bitcoin or just a part.
The volatility is what makes bitcoin profitable, as long as the price goes up, you make earnings. It's not a matter of buying a whole bitcoin or just a part.
Where does the figure of $4k-$6k come from? For many across the world that would still be a large investment. In fact I think the majority of the world's population would not invest that much.
This is completely not true, the only difference is psychological. It does not matter if you buy 0.01 btc at a price of 100k or 1btc at a price of 1k. The gains are measured in the percentage growth.
buying whole is a better deal.
This is completely not true, the only difference is psychological. It does not matter if you buy 0.01 btc at a price of 100k or 1btc at a price of 1k. The gains are measured in the percentage growth.
If the price goes back down again to around $4000-6000, people will be able to buy whole bitcoin, I know people can buy fraction of bitcoin, but buying whole is a better deal.
If you are planning on waiting for the price to go deeper, then I wish you luck.
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. 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.
If the price goes back down again to around $4000-6000, people will be able to buy whole bitcoin, I know people can buy fraction of bitcoin, but buying whole is a better deal.
Why do you think a whole bitcoin is better?
What is important is the value of your investment in dollar.
And there are still many people can buy a whole bitcoin at the current price and even if the price drops to 1000 dollar, there will be still many people cannot afford to buy 1 bitcoin.
If the price goes back down again to around $4000-6000, people will be able to buy whole bitcoin, I know people can buy fraction of bitcoin, but buying whole is a better deal.
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