Topic: Damn, I should've bought bitcoin earlier! (Read 408 times)

When it comes to future prices then no one could really be predict but basing on what are the things we are seeing now and in terms of potential then we can make out presumptions.
Regrets on not buying into those early times is one of the most common mistake that do commit out but due to unpredictability of the market then these mistakes arent really that surprising.
I should have bought earlier,these are common lines that if we had just know that bitcoin could go this far then we have bought lots of it while its still cheap as much as we can.
But doesnt mean that we are already late, we can still get in into the market and held for long term.

It's really hard to predict Bitcoin's next move. As a result, every time people think that if they buy before, they will get good results now. They always think it's too late but they don't want to realize that investing in Bitcoin at any time can be done with long term thinking. You will find many investors here who have sold their hold bitcoin a long time ago, even under $5000. So there is no point in regretting the past, set your position for the coming days now.

Those who know the true potential of Bitcoin have not sold their Bitcoin. The current price seems too cheap for them. So it is natural that not everyone can succeed with everything, many also miss huge opportunities due to their ignorance.

This is without a doubt true but just as there are those that regret not buying bitcoin earlier there are those that always point out to the fact that after the price of bitcoin skyrockets there is a crash and then they say things like bitcoin is dead and other similar stuff, this scares away people that otherwise would have come to the market and they avoid investing in it and then they keep complaining about the fact they did not bought any bitcoins, however I am not so sure that is a bad thing because people like that will sell their coins in panic when the price goes down and they will lose money anyway.

You are lucky to buy at $9,000 price but also looking at Op twitter archive representation, you see you bought late too and the question us if there is a late time to buy bitcoin. With different analysis, it is clear that bitcoin is still a new horn and has more growing space. The current price maybe high but will the price go lower or higher in 5 years from today. Another look at Op's post will give a clue.

I am one of those very lucky people. I bought bticoin when it dropped, not at 4k levels but under 9k I can tell you that, and look where it is right now, I made nearly 10x profit, at least got close to it, and I think I will make a bit more in the future because I believe it will keep going up.

Of course it was simple for me to make a profit now that I bought at a great place, but I am having hard time telling people to buy as well, I bought at great price, now it's over 50k and I think it will not make that kind of return, for people to make my kind of return price needs to at least 7x or so to say it was worth it and that is around 350k price which I think will not happen anytime soon. In the long run I am hopeful about what could happen, but I am still not telling people to buy, because they could at least pick some other coin with potential or wait for bitcoin to drop.

The picture perfectly illustrates the same as the narrative "Bitcoin's current price won't be that expensive in the future." Even if it means that Btc is trading at $60,000. The same narrative when Bitcoin first touched $100, $1,000 and $10,000.
Reality is that, most people thinks that Bitcoin is at it's peak everytime it hits a new ATH, which was proven wrong several times.

That's not even a chance for Him instead that tweet is for an idiot who don't learn from Mistakes and do it again ang again.
I have failed once in 2017 when instead of holding i sold all my coins in december and did not bought more in 2018.
but In March 2020 , i remember that mistakes and Do my things , bought at 4k and keep the holding even there's a time comes i badly need the funds.
and it works , you can see it now.

One of the famous lines of an investor who is hesitant to invest into Bitcoin when the opportunity to enter comes into him/her.

TBH, I missed to buy some Bitcoin in March 2020 when Bitcoin went down by almost half in just a few days. I felt regret that I didn't store any cash at that time and all of my money is already into Bitcoin and other coins. Now I learned with that mistake and stored some cash already so that whenever the next cycle comes, I will buy it at least at the lowest price possible and ride the wave . Just be patient and save some cash for it to happen. For sure it will happen in the next years just be ready.

The only way for this people to get in is to buy bitcoin no matter how much is the price is because waiting will only lead to more waiting, if you wait for it to go down, when is that down that you are considering to buy because we will never know that is the lowest price until it happened, and if you waited but then the prices go up, then you will be buying for less bitcoin because you were left behind and then the prices go down and you panic and sell your coin at a loss. Best thing to do is to get in as fast as you can.

It's probably way too late to get x100 or whatever amount people want to get in Bitcoin. I mean, even buying now and seeing it go to 1 million dollars, if it ever does, is "only" 20x but that's really perfectly okay. It's still 20x more than what you'd get for anything else. Fiat guarantees you lose value over time, so even if Bitcoin only ever stores that value and preserves it, you still win!

Doubts of buying never fade away up until now.
They have a lot of reasons for doing so. Before, "there is no future for Bitcoin". Now, "It's too expensive". For some, "It's too risky", "Volatility is a pain in the a*s".
It seems like they will never run out of reasons until regret sinks in. 
My one and only tip for them, better late than never.

And if it increases few years from now, people will utter the same line. So why not buy today, even in small portion, if you can afford to? But yes, you have to remember that a lot of possible things may happen, it may increase or decrease according to the market's sentiment. So if you will invest in crypto, make sure that you are prepared for possible situations that you may encounter. More than a decade already and every year, you will encounter the same line again. I guess, a lot of crypto users also are having that line. Or better yet, I should have not sold my bitcoin.  

Let us not give false hope to others who might want to enter at these time since they might wait longer than expected due to big companies that already enter crypto it will be hard to experience a big dip now unless they will leave crypto instantly which may not happen yet since they will sure want to gain more in crypto as time goes by and will influence other companies to invest into it too.Those who want to enter crypto now needs to find best way for them to earn even the prices were high maybe by having study trading before really putting their money into it for a less risky move.

No one could predict on what would be the future looks like even though we have missed out the train on making profits when we do hit new heights but doesnt mean that it will happen on upcoming years to come.
We dont know if we would experience a long very bearish run just like on what happened in 2018 and on middle 2020 year where everyone is really experiencing doubts and hesitance on making out investments.
Regrets or lines like these are common because we dont know the future and its up to someone who could took up the risk to buy on cheap coins in spite of the fear of everybody.
If you dont like to miss out opportunities then its better to take up risk.

You never know what the market will be next year, may be everyone gets a chance to invest again as majority are anticipating a major correction sometime this year and if that happens then everyone gets a chance once again to invest and then wait for the long haul till the market recovers again and since the market touched $60k we are almost certain we will touch those again .

I do agree that people are sad that they missed out on bitcoin, that's true. However let's not act like buying bitcoin today and buying bitcoin nearly 10 years ago are the same thing. If you bought 1000 dollars worth of bitcoin at 30 dollars each, you would have 300 bitcoins, that would be around 16 million dollars today if you did. If you buy 1000 dollars worth of bitcoin today, in order for it to worth 16 million dollars that would need to be something like 80 million dollars per bitcoin if my math is right.

So, we all know that we are way too late for making profits like that, people are sad that they missed on that chance and we are never going to have that chance. It's true that if you buy bitcoin right now and wait until it is higher you could make money, but we are not going to make profits like we did back in the day, we ain't getting that 500x return type of stuff ever again.

haha, reminds me of my coworker. In early 2019 I got a payout cuz the startup I worked at sold to a big company, I paid off loans with a third of it and then put the other two-thirds into Bitcoin, and put all my money from my paychecks at the new company into Bitcoin for the first couple months. So I LOADED UP at an average price of about $3500, cuz it was very obviously the bottom. Anyway, I told my coworker he should get in now and he said "I'll buy if it crashes again". I was like WTH?! It had just crashed the typical 80+% over a year, clearly ranging at the bottom of the market, and he said he'd only buy if there was another full blown crash on top of the current full blown crash! Some people just don't "get" bitcoin (or investing in general) so even though they always wish they bought in previously they always have an excuse why not to buy in at any given point: it just crashed so it'll crash more, or it's gone up I'll wait for it to crash, or it's at an ATH so it's a bubble I'll buy after the next crash (which leads back to the first excuse).

Reminds me also of my sister in law. In December I was trying to convince her and my brother to set aside stock investing for the time being and put a bunch in Bitcoin. My brother has a bit of Bitcoin but is only "allowed" a small amount of their income to make his own investing decisions, so most of what he has is from what he bought in 2017 and had only sold some of it. So, this is when the price was like $23k that I was trying to convince her. She said they can buy some if the price goes lower, and no doubt if it did go lower she would have had another excuse not to buy! She's reading books about investing to increase their portfolio, and meanwhile refuses to put any money in what has proven to be not just the best investment of the past decade but the best investment literally of all time, with no signs of slowing down! And it's not like she doesn't know anyone in crypto, literally her brother in law (me!) is now retired off of Bitcoin, so she has a family member to help her get educated on Bitcoin, and even her own husband knows some stuff about Bitcoin and puts a little money into it! Yet she just won't listen!

These are the type of people who will only buy Bitcoin once it is fully mainstream. They'll probably make their first Bitcoin buy when it's at like close to a million dollars.

What do you think is the percentage of people who are willing to wait 4-5 years to profit from something? I would conclude from personal experience and experience from this forum that it is not more than 25%, but even some of them have a problem - because after so much time they fail to find a seed, private key or password to access funds.

If we look at what the remaining 75% consists of, it's mostly the impatient ones who don't know what they're actually doing and find themselves in trouble very quickly - they lose their backup or become victims of phishing probably within 1 year. Of course, we should not forget the weak hands, because they are in a panic when prices go down by only 10%, and we know how convincing the mainstream media is when it comes to expanding FUD at the speed of light.

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I would say that it is not only a problem when someone invested in Bitcoin, but that an even bigger problem is that many did not take it seriously until the end of 2017 - and even then everything went even more in the direction of profit, and less and less in what Bitcoin was actually invented for.

Market is full of speculation and price predictions that seems very high, but taking into consideration the previous market cycle it looks like a possible value to be reached. Every user have the same mind, I could've bought earlier. Past is past, and now its time to act without delay. Maybe tomorrow you'll think of the same, we missed it again. Large companies participation is a big thing that will surely drive the price reach atleast double the value at present at the earliest.

There are time I feel the regret of not buying Bitcoin at the early stage, its hard to accept but we have to move on and to look forward with Bitcoin.

We cannot bring the cheaper Bitcoin back anymore, this market has grow a lot over the last decade and what we can do right now is to start adopting bitcoin, don't just buy better to understand Bitcoin as well. We are still aiming for more heights, you can still have bitcoin for a cheap price if you look for long term future of Bitcoin.