Quote from: Derekfunds on Today at 08:46:00 AM

Quote from: Orpichukwu on December 29, 2024, 10:33:22 PM

Quote from: sotelorene on December 29, 2024, 03:39:28 AM

Quote from: Orpichukwu on December 28, 2024, 09:53:42 PM

Quote from: sotelorene on December 28, 2024, 08:51:18 PM

Dude to be honest with you the price of Bitcoin now is really expensive even though it hasn't gotten to half of it's future value but currently now it is expensive and the people that sees it to be more and very expensive are people who don't understand the benefit of investing and holding, and some think they can't buy little by little because they don't have an idea. However, traders doesn't actually look at the price of Bitcoin or how expensive it is all they do is look at the market, carry out there analysis and suggest the possible result or the possible movement of the market. In as much as our income are not the same hence Bitcoin will continue to be expensive to some individual and not only to some individual but also to some investors.

You're also among those who consider bitcoin to be very expensive based on your explanation, but you can only consider it to be expensive if you do not truly know what it means to hold bitcoin, or that idea of picturing bitcoin to be expensive is based on comparing the past price of bitcoin to what it is currently; if you are calculating the missed opportunities that you could have used to accumulate and you missed those, then you will consider it to be expensive.

But since Bitcoin is divisible in nature, you can purchase a little unit of it with what you can afford, hold it, and the value will keep on appreciating over time. If someone keeps considering Bitcoin to be expensive, then they will never buy a single unit of it. Holders are the people who don't consider it expensive—not even traders.

Maybe you seems to have forgotten different countries has different currency and all currency doesn't have same value, you may come from a country which currency is very encouraging while accumulating your Bitcoin and there are also people who's currency are not encouraging. Perhaps the word expensive shouldn't have been used but rather huge and then again, since you said Bitcoin is divisible that means whether it is expensive or huge it can still be afforded so the fact that I said it is expensive or rather huge doesn't mean one can not afford it but considering the currency or fiat of other countries it is really huge. This shouldn't be a bone of contention but anyone who wants to invest should really be serious about it and stop checking the price since they are not buying a whole of it at a time.

This is not a matter of currency value; you can still be in a country where the value of your currency is very low, like mine (NGN), and still be accumulating more than those who are living in countries where their currency is high, and even if you don't have money to be accumulating high, as long as you can still afford a little Bitcoin, it gives you the opportunity to buy as little as you can, and if your funds are very low that the person can't afford to buy any unit of Bitcoin, they should use their money to eat food and forget about investing in Bitcoin and spreading the news that it's expensive.

I think I get your point and you are absolutely making sense currency value doesn't really matter in Bitcoin investment, some people who is using the naira (NGN) currency can be doing well in their investment than some people who are using the Dollar ($) etc. however, I think this is a matter of interest, choice, determination etc and no matter how low a currency value is so long as an investor has the long term intention he or she will definitely make it only if they are consistent and if they are patient enough to hold till that...

Bitcoin accumulation is not about currency but about the strength your cash inflow and your discretionary income. If you are from a poor country and the strength of your vash inflow is strong, you will accumulate more bitcoin easily as long as you are committed and dedicated to your bitcoin accumulation journey. If you have a weak cash inflow, you will still accumulate base on your own financial strength.

Some people living in a second world country income might not be as big as someone in a third world country because their financial engagement differs. The bottom line is that it's only your discretionary income that you can use to invest in bitcoin and not the kind of currency that you are using in your country. This is because our expenses and income differs from each other. If you don't have much discretionary income, cut down your expenses and look for a second means of job.