At what price point per BTC will it be too late for the average person - page 3.

CryptoBry

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Quote from: AGD on August 23, 2017, 03:38:45 AM

Buy 0.1 BTC if you can't afford 1 BTC. I think you will never be too late. You might need to wait a bit longer depending on the buying point, but I would call it a good long term investment.

As of now, nobody is too late for Bitcoin. Maybe when BTC can already be hovering around $100,000 then I could say it is too late but then again if BTC can be $500K then at that level it is not also too late. The more a person thinks that it is too late then the more he will not jump into the opportunity...I think being late is on a mindset.

dreamer81

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Once bitcoin reaches 10.000 USD, only people that wants to invest can buy a whole coin. Up till 10k its just funny money.
I am hodling!

webmastax

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It's never late to hold bitcoin. It's continuing to rise. You can hold any fraction of bitcoin if you believe on it.

severaldetails

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Quote from: Thekool1s on August 24, 2017, 12:37:38 PM

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I lived in a 3rd world country so if I'm gonna target 1 full BTC will be hard because of the steep price right now at $4000. Its like even 1 year salary for most of us here. However, the best method for me is to just buy in portion and I guess it will accumulate overtime and maybe I can see 1 BTC in my wallet.

Well you might be able to buy it, but the fact is that the working class which is the majority will not even use bitcoins in their lifetime so that is a lot of people who will never even own a single Satoshi. From my estimates there are around billion people in Asia only, who don't even understand how smartphone works so, by the time they come up to speed with bitcoin it will be too late imo.

I do not think it will ever be too late to start buying bitcoinns. Or earning them.
Even if the price rises, then you buy smaller amounts. Nobody says that you have to own a complete bitcoin.
If you want to invest, invest the amount you can.
That is not going to change, even in years.
The only thing you have to keep in mind are the transaction fees. But this problem is something that is being worked on.

Thekool1s

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Quote

I lived in a 3rd world country so if I'm gonna target 1 full BTC will be hard because of the steep price right now at $4000. Its like even 1 year salary for most of us here. However, the best method for me is to just buy in portion and I guess it will accumulate overtime and maybe I can see 1 BTC in my wallet.

Well you might be able to buy it, but the fact is that the working class which is the majority will not even use bitcoins in their lifetime so that is a lot of people who will never even own a single Satoshi. From my estimates there are around billion people in Asia only, who don't even understand how smartphone works so, by the time they come up to speed with bitcoin it will be too late imo.

Kemarit

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Quote from: Thekool1s on August 23, 2017, 02:26:29 PM

Well it's already too late for an average Joe living in a developing country, 4k is a lifetime of savings for some of these people, so they won't risk investing in something which they can't touch. It's definitely out of reach of approx 1.5 billion people at least from around the globe imo. Think it like this, most people in developing countries live on 3-5$ per day. That is around $150 per month approximately, take out their expenses and you hardly get any savings. So you are still lucky to get a full bitcoin imo.

I lived in a 3rd world country so if I'm gonna target 1 full BTC will be hard because of the steep price right now at $4000. Its like even 1 year salary for most of us here. However, the best method for me is to just buy in portion and I guess it will accumulate overtime and maybe I can see 1 BTC in my wallet.

Quote from: khufuking on August 24, 2017, 10:27:11 AM

I will tell you something that have been proved over and over and over again . With BTC is never too late . What if you did not buy now and decided to wait to buy cheap ! only to find that BTC became $5000+

. If you are in for long term it does not matter at what price you buying because eventually BTC will break that price and move up it may take sometime or it may not . Really no one knows . But for sure BTC is keep breaking points from the moment it created .

Yes, its never really too late to enter and buy some bitcoin. Its that some are really constraint because of the high price right now. Nevertheless, if you think that bitcoin is a good investment, then why not, buy what your money can afford and see how it grows in the future. But you need to have a lot of patience and not sold it because the chance of bitcoin price increasing is very likely.

iram1011

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I'll rather say you came at right time. Of course you missed some initial years. But don't you think people weren't that sure of Bitcoin's future before as they are today. No uncertainty and a huge demand and price. Bitcoin is in a strong position today and now you can invest without any fear or uncertainty. Still Billions of people don't know about it and serve as a potential customers which will take the price to moon. SO, start investing.

Quote from: JasonXG on August 24, 2017, 09:25:53 AM

Quote from: AGD on August 23, 2017, 03:38:45 AM

Buy 0.1 BTC if you can't afford 1 BTC. I think you will never be too late. You might need to wait a bit longer depending on the buying point, but I would call it a good long term investment.

I agree but I also would like to add just go for it and own a whole bitcoin. It feels nice try it ! Say I have a whole bitcoin !! Doesn't that feel nice ? See so you should buy and hold 1bitcoin always. The rest for trade to grow that 1btc.

People don't invest for feeling nice. They do it for earning profit and for that you need not to have a whole Bitcoin. I just don't understand the craze of owning a whole Bitcoin. Whatever you have just invest in and enjoy the returns because ultimately you want to earn profit of your investment.

Drnice

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There is no time that is too long to earn one bitcoin, it's just the matter of time and patience. I have not gotten up-to one bitcoin in my wallet, but I know some day I will, it's just patience that matters.

Vishnu.Reang

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No one can predict that. IMO, Bitcoin has the potential to increase its user base by at least 10 times. And the exchange rates can also rise by that much, to around $40,000 to $50,000 per coin. So I would say that the threshold is at $50K.

khufuking

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I will tell you something that have been proved over and over and over again . With BTC is never too late . What if you did not buy now and decided to wait to buy cheap ! only to find that BTC became $5000+

. If you are in for long term it does not matter at what price you buying because eventually BTC will break that price and move up it may take sometime or it may not . Really no one knows . But for sure BTC is keep breaking points from the moment it created .

Karpeles

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Buy whatever you can now before new ATH's are reached. You may get some byteballs and november-fork coins for free in the meantime too, if you time your buys.

November-december usually is bull time, and things get more bullish because of the possible hardfork later this year

Ayers

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Quote from: relentless1 on August 23, 2017, 03:35:23 AM

Hello everyone,

I feel very late to the party with BTC. I have know of it for a couple of years but ignored it. Now I'm super sold and ready to buy my first coin. $4k is huge but not impossible for me. At what price do you feel its too late to own 1 full BTC for the average person?

I'm not interested in owning micro or milli coins.

How much time do we have left until its becomes proper main strain?

Can someone tell me where we are on this chart please?

you can buy less bitcoin, so your question look a bit silly lol, but if you mean only to buy a whole bitcoin and not fraction i guess that already now average joe have an hard time entering this market

JasonXG

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Quote from: AGD on August 23, 2017, 03:38:45 AM

Buy 0.1 BTC if you can't afford 1 BTC. I think you will never be too late. You might need to wait a bit longer depending on the buying point, but I would call it a good long term investment.

I agree but I also would like to add just go for it and own a whole bitcoin. It feels nice try it ! Say I have a whole bitcoin !! Doesn't that feel nice ? See so you should buy and hold 1bitcoin always. The rest for trade to grow that 1btc.

bamboylee

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We can say we ate still early adopters because bitcoin is still very young and there is still a lot of space for growth development and price wise. Like others said, there is nothing wrong in purchasing bitcoin in small amount until you got a whole one.

maokoto

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Strangely it happens just the same with a good friend of mine. He says he is too late, that BTC is too high, and does not really want to buy a fraction of a Bitcoin. But that does not make much sense... fraction or not, it will go up eventually. You can imagine you have 10 million satoshi if you want.

The Sceptical Chymist

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Quote from: Iranus on August 23, 2017, 04:38:04 AM

"The average person" is a pretty meaningless term. A lot of people will never have access to $4000 worth of savings that they can put into BTC all at once.

Yeah except it's not easy to buy unless you create a coinbase account. I'm talking about the average person who isn't a computer engineer or nerd. They're not buying bitcoin for a long time, if at all.

It's not too late to buy, but I think OP might be getting a little too excited. No need to rush. I can hear the roar of FOMO, and it's deafening.

Laergan

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I'm with the OP on this topic. I'm new to this bitcoin era, and I'd very much like to own bitcoin. The price is very high right now, but hopefully even if we buy now, and the coin dumps, we can just buy more so it averages out in the end. I also don't think it will ever be late for the average person to own BTC, because owning BTC could mean owning 1 satoshi, which is extremely affordable... for now

LTU_btc

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Slava Ukraini!

And what's wrong with having amount smaller than 1 btc?
Right now, many people can't afford to buy full 1 btc. In poor countries they need to work few months or even years to earn such amount of money, it's obvious that they can't afford to buy 1 btc. And if you live in average or rich country, $4000 is also serious amount and not many can put it into bitcoins.
Also, limited supplie of btc means that only small part of population can have 1 bitcoin and more. Sad reality that mostly of people will never have 1 bitcoin.

kateycoin

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Quote from: relentless1 on August 23, 2017, 03:35:23 AM

Hello everyone,

I feel very late to the party with BTC. I have know of it for a couple of years but ignored it. Now I'm super sold and ready to buy my first coin. $4k is huge but not impossible for me. At what price do you feel its too late to own 1 full BTC for the average person?

I'm not interested in owning micro or milli coins.

How much time do we have left until its becomes proper main strain?

Can someone tell me where we are on this chart please?

Its not to late to buy bitcoin. I think buy bitcoin that you can afford. A months ago I buy $500 because can afford the 1btc = $1500 that time.

Bigmacduck

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Quote from: ABCbits on August 23, 2017, 03:53:35 AM

1BTC for each person? I think that's impossible since total human is more than total bitcoin. But if we want to think with graph, i think we're between "Innovators" and "Early Adopters".

Now in August 2017 only 16.5 million people could own one bitcoin each if possession would be evenly distributed. There are many that have more than one BTC and millions who have only fractions of it. So if you can afford to buy one now and hold on to it for 10 years, then you are one of the very lucky choosen ones. So folks don't wait buing your coin.

Fortunately most people cannot hodl for psycological reasons and they will always trade for a profit, be that 50% or 5000% profit. And it is good this way because otherwise, it would not be traded and therefore no value. For markets to function we need greedy people, enthisiastic people, panic sellers, doomsday priests, profit takers, day traders, etc. me for my part I am a hodler for many more years to come.

But there is also a time in the future when I will start to sell, probably once I retired to fulfil some of my dreams and get a more luxurious life after work if it still exists by then. Remember that you cannot eat BTC and you can also not take it with you. So with my last breath, I want to have spent or donated my last BTC.

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