Quote from: BALIK on September 17, 2024, 09:21:06 AM

Quote from: m2017 on September 16, 2024, 04:44:41 PM

Quote from: Sobz on August 17, 2024, 05:51:35 PM

Some people always think bitcoin is expensive but it is not. For instance if 1 bitcoin is = $10,000 we will say it is too expensive and when we look at the price in next two years it can be double($20,000-$30,000) and we realize that bitcoin at $10,000 was very cheap and something very affordable. The future will always make us understand that bitcoin is not expensive, we only miss expensive opportunities that we won't be able to get back.

Bitcoin is perceived as expensive relative to the previous price ($0.1, $1, $10, $100, $1000), but remains cheap relative to the future price ($100,000, $1,000,000). It is a misperception to evaluate the price of bitcoin relative to the price of past years, because it seems that it is too late to buy bitcoin. But this is not true at all. There will always be opportunities if you imagine the cost of bitcoin in the perspective of 10, 20 or more years, and then the current $10k or even $50k will turn out to be a sale with a discount.

Let go of the past. Focus on the future.

But what if bitcoin doesn't reach $100,000 or $1,000,000 in the future? We can't guarantee that will happen either, so it's understandable why some people are scared and think bitcoin is too expensive.

Personally, I am not saying that bitcoin is still cheap compared to the future and encourage people to buy now because the future is unpredictable. Instead, give fair advice to those thinking about investing in bitcoin. They should consider the risks they may face as well as the returns they will receive if they are willing to take the risk. There is always a risk in investing and investing in bitcoin is no exception, but the higher the risk, the higher the return, so everyone should consider everything before investing.

Whether Bitcoin is cheap or expensive, whether we still have a chance or it's too late to invest in it all depends on each person's risk tolerance.

If the plan is to hold for long period of time which should seem as an investment, it is never too late to invest i believe Bitcoin still has a long way to go, saying that Bitcoin is not expensive means that one can still buy Bitcoin with DCA strategy, it must not necessarily be that one must buy a whole Bitcoin but a fraction of Satoshi just as little as comfortable you can afford either weekly or monthly on different intervals irrespective of Bitcoin price point, hence every one has a chance with Bitcoin by investing when there money readily available for investment after ensuring that whatever that might be considered to be a basic needs are taken care of with a provisional emergency fund.