I think about a great opportunity people had miss when Bitcoin was still in a lower price, imagine how many people Bitcoin would have made a millionaire, though by then most people were a bit skeptical about the growth of Bitcoin, if it has a good potential or save to invest.
People miss opportunities all the time, all of us on this forum as well. It's to say years later "I should have bought that thing", but it's also pointless, there is nothing you can do about it. The people who should maybe feel a little bad about the missed opportunity are those who somehow knew about bitcoin but for reason decided it wasn't worth the risk. In that case probably the regret would be pretty big.
Topic: Imagine the condition of people today if they had invested on Bitcoin in 2015 (Read 326 times)
November 27, 2022, 06:37:44 PM
November 27, 2022, 01:49:22 PM
If people had known Bitcoin will surge this way almost fifty or more percent of world population would have become a millionaire.
You might as well imagine what opportunity might be missed in the next decade. It took over a decade and 2years for we to arrive at the price we've got today and it would certainly be better than we have it now in a few years which would define the opportunity that must have been missed this day.It's the course of life, gained and missed opportunities. The excuses of yesterday won't be the excuses of today. There would be others generational excuses to replace those of previous years. Also, cryptocurrency doesn't make anyone millionaires but identifying opportunities and utilising it would.
November 27, 2022, 01:23:50 PM
I think about a great opportunity people had miss when Bitcoin was still in a lower price, imagine how many people Bitcoin would have made a millionaire, though by then most people were a bit skeptical about the growth of Bitcoin, if it has a good potential or save to invest.
People miss opportunities all the time, all of us on this forum as well. It's to say years later "I should have bought that thing", but it's also pointless, there is nothing you can do about it. The people who should maybe feel a little bad about the missed opportunity are those who somehow knew about bitcoin but for reason decided it wasn't worth the risk. In that case probably the regret would be pretty big. November 27, 2022, 12:36:11 PM
I don't like to get stories about what I should have done and I didn't even know, I discovered bitcoin very late and it's something I didn't want, I didn't even have the resources to have acquired it, at that time I didn't have a computer or internet, in my country at that My age was thinking about other things, I was 16 years old, so my thoughts were not to have money but to study, I did not have an education that taught about economics or something similar, those things need to be taught to children from the time they are little so that they know What world do they have to face and be able to move towards a more developed world with more developed beings.
November 27, 2022, 06:00:06 AM
May the half of the worlds population became the millionaire if they ever know the value of the bitcoin in 2015 and investing in the bitcoin.
November 27, 2022, 05:43:10 AM
every time we experience these crypto winters we should mainly remember that bitcoin was created to be a currency.
So it must be spent at a certain point, it should be managed carefully, but it must be used precisely because it can be used to create value not only in a passive way
(even if hodl
it sure pays off, and isn't like hodl FIAT currency).
I think that the lesson is to use actively, likewise to make investments, create the economy etc etc.
If everyone hodl, the main feature of a coin would be missing.
Ok we would have a "scarce" monetary supply, but if you can't use it to pay/spend/exchange, and you have difficulty finding it on the market, it would have practically no advantage, no real usage.
So it must be spent at a certain point, it should be managed carefully, but it must be used precisely because it can be used to create value not only in a passive way
(even if hodl
it sure pays off, and isn't like hodl FIAT currency).I think that the lesson is to use actively, likewise to make investments, create the economy etc etc.
If everyone hodl, the main feature of a coin would be missing.
Ok we would have a "scarce" monetary supply, but if you can't use it to pay/spend/exchange, and you have difficulty finding it on the market, it would have practically no advantage, no real usage.
November 27, 2022, 05:35:41 AM
You don't have to regret missing out on bitcoin in 2015, as I can assure you, you wouldn't be brave enough to buy bitcoin if you knew bitcoin at the time. Simply because you know the result today you feel regret but if you don't know then you will never buy it. Currently, investing in bitcoin is still considered very early because many people think that bitcoin can still hit the $1 million mark in the future. If you really regret missing your chance in 2015, you can correct your mistake now.
November 27, 2022, 04:05:36 AM
Bitcoin would not work if people invest all at the same time. We need steady new investments and also people should not invest everything at once. With that there is steady growth and also people that invest now will benefit in a few years.
November 27, 2022, 03:24:36 AM
Well, that didn't happen, though. The price of Bitcoin went up, but then people started selling instead of HODLing. So instead of the price continuously going up, it went into a correction.
But it could still happen in the future. We only have to take cognizance of the fact that there are at least 8 billion people in the world and there are only more than 19 million Bitcoin in existence right now. You could even deduct a million or two from it because of those lost or forgotten coins. The point is that there's actually not enough Bitcoin for everybody.
If only people realize how precious it actually is and keep their coins, or even acquire more, instead of selling them, it could actually shoot to a million.
But it could still happen in the future. We only have to take cognizance of the fact that there are at least 8 billion people in the world and there are only more than 19 million Bitcoin in existence right now. You could even deduct a million or two from it because of those lost or forgotten coins. The point is that there's actually not enough Bitcoin for everybody.
If only people realize how precious it actually is and keep their coins, or even acquire more, instead of selling them, it could actually shoot to a million.
November 27, 2022, 02:19:28 AM
I think about a great opportunity people had miss when Bitcoin was still in a lower price, imagine how many people Bitcoin would have made a millionaire, though by then most people were a bit skeptical about the growth of Bitcoin, if it has a good potential or save to invest.
If people had known Bitcoin will surge this way almost fifty or more percent of world population would have become a millionaire.
I love research, please share you knowledge.
There is no need to imagine anything as things would not have happened that way, if so many people had invested in bitcoin so early then the price would have gone up way faster than the rate at which the price of bitcoin actually grew.If people had known Bitcoin will surge this way almost fifty or more percent of world population would have become a millionaire.
I love research, please share you knowledge.
Also you are making the assumption that people would have bought at a low price and then still hold to these days, and this is not true, there are probably a lot of people which bought at the time and still lost money, and finally you talk about the great opportunity people missed by not buying bitcoin cheap, but buying bitcoin now still offers a massive opportunity for those which have enough capital and patience to hold their coins for a long period of time.
November 26, 2022, 09:30:13 PM
some people think everyone sells when there is a ATH
but here is the thing. the reason an ATH stops going higher is there are no longer buyers willing to buy. meaning there is a lack of trading happening at the top
most escapers sell at a more reasonable amount of 75%ile range of a ATH, either too early on the run up or on the correction down
so lets assume this for a moment
2015 @$400 for 1 btc
turns into a sell in 2017 @75% of $20k ATH=$15k
turns into a buy 2018 $5.6k plateau = 2.67857142btc
turns into a sell at 2021 @75% of 70k($52500/btc)= $140,625
so from $400 to $140k in 7 years
without going to the extremes of timing the exact tops and bottoms
but here is the thing. the reason an ATH stops going higher is there are no longer buyers willing to buy. meaning there is a lack of trading happening at the top
most escapers sell at a more reasonable amount of 75%ile range of a ATH, either too early on the run up or on the correction down
so lets assume this for a moment
2015 @$400 for 1 btc
turns into a sell in 2017 @75% of $20k ATH=$15k
turns into a buy 2018 $5.6k plateau = 2.67857142btc
turns into a sell at 2021 @75% of 70k($52500/btc)= $140,625
so from $400 to $140k in 7 years
without going to the extremes of timing the exact tops and bottoms
November 26, 2022, 08:34:58 AM
I think about a great opportunity people had miss when Bitcoin was still in a lower price, imagine how many people Bitcoin would have made a millionaire, though by then most people were a bit skeptical about the growth of Bitcoin, if it has a good potential or save to invest.
If people had known Bitcoin will surge this way almost fifty or more percent of world population would have become a millionaire.
I love research, please share you knowledge.
If people had known Bitcoin will surge this way almost fifty or more percent of world population would have become a millionaire.
I love research, please share you knowledge.
We are all there in that situation but could you trust things you don't know before? Maybe right now you can say that it can change the lives of the people because you are just counting the chicks while the eggs didn't hatch yet. But reality by that time no people would dare to invest because their doubts is valid since bitcoin is unknown at that time, since right now bitcoin is so successful then maybe its time for us who know about it take some action since maybe if we get lucky and bitcoin will still boom then possibly it can really change our lives for long period of time because opportunity is unlimited compare on outside world where traditional work gives us huge boundaries in terms of salary and positions.
November 26, 2022, 08:23:57 AM
This is true OP but back then in 2015, people didn't believe that bitcoin will survive till now while some persons didn't even have the knowledge or awareness of Bitcoin. As for those that invested then,they would have made much profit selling last year if they could hold till then.
Fifty percent of the world can't do the same thing at the same year and succeed i.e if 50% bought way back 2015 majority of them would have sold their bitcoin holdings before this year. Similarly, it is not all those that invested in bitcoin then were able to keep their coins till now some sold out of panic of the bear market and some sold based on excitement of the bull market,it takes only the bitcoin lovers to hold their investment. Making profit in bitcoin does not depend on the the time you first bought Bitcoin.
Fifty percent of the world can't do the same thing at the same year and succeed i.e if 50% bought way back 2015 majority of them would have sold their bitcoin holdings before this year. Similarly, it is not all those that invested in bitcoin then were able to keep their coins till now some sold out of panic of the bear market and some sold based on excitement of the bull market,it takes only the bitcoin lovers to hold their investment. Making profit in bitcoin does not depend on the the time you first bought Bitcoin.
November 26, 2022, 08:02:21 AM
Maybe within 7 years we will be able to say the same about 2022. Imagine the condition of people today if they had invested on Bitcoin in 2022.
You know what, I think everyone who knew about Bitcoin had their chance and well done to the few who had a ton of trust and faith in Bitcoin's success to invest large amounts of money back in 2015. We are currently in another historical drop and how many of us are purchasing Bitcoin versus how many are scared about it?
There will always be fear and panic because some investors do not understand how to assume risk. You invest thousands into Bitcoin during a bull run because it gives you a quick buck, but then when it drops a little you run away? Makes no sense, does it. Some will never become Bitcoin millionaires even three decades from now, just because they can not handle risk and instead of using opportunities such as historical drops to invest, they just sell and vanish until the next bull season is out.
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Regards,
PrivacyG
You know what, I think everyone who knew about Bitcoin had their chance and well done to the few who had a ton of trust and faith in Bitcoin's success to invest large amounts of money back in 2015. We are currently in another historical drop and how many of us are purchasing Bitcoin versus how many are scared about it?
There will always be fear and panic because some investors do not understand how to assume risk. You invest thousands into Bitcoin during a bull run because it gives you a quick buck, but then when it drops a little you run away? Makes no sense, does it. Some will never become Bitcoin millionaires even three decades from now, just because they can not handle risk and instead of using opportunities such as historical drops to invest, they just sell and vanish until the next bull season is out.
-
Regards,
PrivacyG
November 26, 2022, 07:42:18 AM
I think about a great opportunity people had miss when Bitcoin was still in a lower price, imagine how many people Bitcoin would have made a millionaire, though by then most people were a bit skeptical about the growth of Bitcoin, if it has a good potential or save to invest.
If people had known Bitcoin will surge this way almost fifty or more percent of world population would have become a millionaire.
I love research, please share you knowledge.
If people had known Bitcoin will surge this way almost fifty or more percent of world population would have become a millionaire.
I love research, please share you knowledge.
I disagree with you. There are still a lot of people who knew about BTC since 2015, invested in it and yet didn't become millionaires.
Meanwhile, there are people who embrace it late, but have made millions within this very short time.
Many bought while it was still very low, and sold off after seeing a little thinking they have made a fortune,.only for them to realize that they made a huge mistake.
November 26, 2022, 07:20:52 AM
If people had been buying bitcoins since 2015 and had never spent or sold bitcoins until late 2021 and they sold them at that time, they would be very rich because they managed to sell bitcoins when the price broke through the new ATH. But that's not the case for most people because they are trying to make a profit from time to time so they don't hold most of their bitcoins but trade them. Actually, it will depend on their strategy because surely people will keep holding their bitcoins and waiting for the bitcoin price to reach above 1 million. And now we still have time to collect more bitcoins because the price has not increased much.
November 26, 2022, 06:33:22 AM
The price was only a few hundred dollars, but many thought that after Bitcoin hit $1k and fell, it would never go that high again. And investing in 2015, people would have to wait patiently for at least a year to see any profit and at least for two years to see major gains. Not selling at the first sign of improvement, not panic selling in 2018 later would have both been very difficult.
IMO, while the times of such low prices are over, there are still times when there's a great opportunity to buy Bitcoin. Such as right now, for instance, when the price is only a quarter of what it used to be, and given that with every bull market Bitcoin goes higher, that means it's reasonable to expect more than 4x profit in the next bull run if one invests now. And it can be more than that, I don't see why Bitcoin can't reach $160k, for example, bringing a 10x profit.
IMO, while the times of such low prices are over, there are still times when there's a great opportunity to buy Bitcoin. Such as right now, for instance, when the price is only a quarter of what it used to be, and given that with every bull market Bitcoin goes higher, that means it's reasonable to expect more than 4x profit in the next bull run if one invests now. And it can be more than that, I don't see why Bitcoin can't reach $160k, for example, bringing a 10x profit.
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November 26, 2022, 03:57:31 AM
I have told this many times. There were a lot of people who had a few thousands of bitcoin back in the days. But does that mean they hold till now? There are a very few percentage of people who have hold all these days. They have become millionaire with a very small amount. But most of the early investor have sold their bitcoin with 10x, 100x, 1000x maybe. It's not easy to gain such huge return. People will be tempted to sell when they will have this huge return.
November 26, 2022, 03:52:59 AM
I think about a great opportunity people had miss when Bitcoin was still in a lower price, imagine how many people Bitcoin would have made a millionaire, though by then most people were a bit skeptical about the growth of Bitcoin, if it has a good potential or save to invest.
If people had known Bitcoin will surge this way almost fifty or more percent of world population would have become a millionaire.
I love research, please share you knowledge.
If people had known Bitcoin will surge this way almost fifty or more percent of world population would have become a millionaire.
I love research, please share you knowledge.
It's always nice to bring the Bitcoin price into perspective by comparing 5 or 10 years ago to today. Even though BTC had a terrible year and is down 65% year to date, we are still up 50% over the last 5 years. Over the last several weeks the number of threads of people asking "is bitcoin going to survive" increased a lot, it feels a bit like people lost confidence in bitcoins. Looking at past prices should calm our nerves even if we didn't buy so cheap. There is clearly a longterm upwards trend in bitcoin. Also thinking back 5 years should help us to decide that it's a good time to buy right now, rather than wait for price to drop to unrealistic low levels. I don't think that the bitcoin price would be the same today if more people bought in 2015. If most people bought their Bitcoin for 400 USD back in the day, why would anybody be buying now at 16,000 USD or 60,000 USD one year ago? Bitcoin wasn't popular back then, which is where the price rise is coming from once all the new investor joined the crypto community.
November 24, 2022, 05:37:00 AM
I think about a great opportunity people had miss when Bitcoin was still in a lower price, imagine how many people Bitcoin would have made a millionaire, though by then most people were a bit skeptical about the growth of Bitcoin, if it has a good potential or save to invest.
If people had known Bitcoin will surge this way almost fifty or more percent of world population would have become a millionaire.
I love research, please share you knowledge.
If people had known Bitcoin will surge this way almost fifty or more percent of world population would have become a millionaire.
I love research, please share you knowledge.
2015 The price of Bitcoin has been very low year.But no one knew Bitcoin would grow so much after 5 years no one thought. So no one else bought bitcoins. If you buy bitcoin now you can make big profit after 5 years.
No, a lot of people bought it that year, and they already predicted the price of bitcoin, just as we do right now. I've known bitcoin since 2016, but as a newcomer, I had second thoughts about buying a whole bitcoin at that time because the price was around $500, which is a huge amount to me; it's two months' salary at my job, so I only earn it from faucets. I have a lot of online friends who became millionaires, bought houses, and bought sports cars when it hit ATH last 2017 or in 2018. What I regret the most is that I squandered my bitcoins on frivolous purchases; if I had kept them, I'm sure I'd be wealthy right now.
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