Quote from: Rockstarguy on Today at 07:29:49 AM

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.

How is the price of bitcoin very expensive? Are you thinking of buying 1btc? It is only those that thinks they must get exactly the current price of bitcoin or those who thinks of how profit can be made if they buy bitcoin that will always see bitcoin very expensive.

So far as one is not seeing bitcoin as a future investment but see's it as an investment they feel they can make profit in a specific time, bitcoin will seems to be expensive to them. The current price of bitcoin doesn't make bitcoin to be expensive, you can still buy bitcoin just according to the amount you can afford, you can do this by accumulating bitcoin from time to time and hodl for the future and if you can be able to achieve this you will see you have been able to accumulate good amount of Bitcoin that will definitely give you a better profit in the future if only you can hodl.

Please ask him that question again. The reason why most of us in this thread practice DCA is because we want to see Bitcoin as a particle/fraction and not a whole. Having in mind that if you combined the multiple of fraction or particles we can get a whole of it. Only few investors and large scale enterprises like the MSTR and few more others are investing hundreds x 1 Bitcoin. This means billions of dollars are being invested in it and these people dont just buy in fractions.

For a pleb like me. I still see Bitcoin less expensive to invest because i know through DCA and a period of time i will bet a good amount of Bitcoin in my portfolio. If we keep seing it as a big deal then it becomes a big deal for us. But the mindset has changed because of the existence of DCA.