Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
The “I wish I bought Bitcoin at $100” lament echoes daily across crypto forums, but seasoned investors are pushing back with a unified message: you’re not too late, you’re still early. This collective wisdom from Bitcoin’s most dedicated community offers a roadmap for newcomers who feel they’ve missed the boat.
The biggest misconception stopping new investors isn’t Bitcoin’s price—it’s the belief you need to buy a whole coin. At current levels around $118,000, that’s obviously out of reach for most people. But here’s what Bitcoin veterans want you to know: Bitcoin is infinitely divisible down to 0.00000001 units, called satoshis.
Don’t Miss:
Think of it like buying a slice of pizza instead of the whole pie. You don’t need $118,000 to start—you can begin with $50, $100, or whatever fits your budget. Many experienced investors suggest aiming to become a “satoshi millionaire” – owning 1 million sats, roughly $1,180 at current prices – as an achievable first milestone.
Rather than trying to time the market, Bitcoin’s community overwhelmingly advocates for dollar-cost averaging. This means investing a fixed amount—say $100—every week or month, regardless of Bitcoin’s price fluctuations.
The strategy addresses the paralysis many feel when facing Bitcoin’s notorious volatility. “DCA and sleep much better,” is the common refrain. Historical data supports this approach: investors who consistently bought small amounts over time have significantly outperformed those trying to time major purchases around market movements.
The community frames Bitcoin not as a speculative gamble, but as “savings technology” for the digital age. Unlike traditional savings accounts earning 0.5% while inflation runs at 3%-4%, Bitcoin serves as a hedge against currency devaluation and monetary policy changes.
“Traditional savings are a leaky bucket,” explains one popular analogy. “Bitcoin is a cistern that preserves and potentially grows your purchasing power over time.”
Trending: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase.
Long-term believers point to Bitcoin’s fixed supply of 21 million coins as protection against the unlimited money printing that devalues traditional currencies. With major corporations like MicroStrategy (NASDAQ:MSTR) and Tesla (NASDAQ:TSLA) adding Bitcoin to their balance sheets, institutional adoption validates this store-of-value narrative.
