Hey, it's not how much the bike costs, it's how much you use and enjoy
it that counts. I put untold miles in 3 states on my K-Mart special
10-speed that I bought with my own money between my jr. and sr. years
of high school. I rode all over south Jersey in painter pants, halter
top, Dr. Scholls, and a Boy Scout green canvas rucksack -- no helmet,
no gloves, just strap-on -leg battery-operated lights for night
riding. I'd ride to Camden twice a week for bowling practice, riding
right alongside buses and trucks, taking my share of the road back in
the day before bike lanes popular. I must have had an angel looking
over me, for I never had an accident. Ah, good times, good times.
I will say that as you spend more money you get a better-made bike,
with better components, but you don't have to spend a stupid amount of
money to get a nice ride.
As long as you ride it, it's all good.