There is no model that makes half of the world's population rich, otherwise the definition of the word rich would be the next question. Now the price may be very cheap compared to the prices of 2050, so why didn't you invest everything you have in Bitcoin?
The same excuse will always be for that, so you will find the majority satisfied with observing from afar and wishing, and a few choose the adventure.
Topic: Imagine the condition of people today if they had invested on Bitcoin in 2015 - page 2. (Read 326 times)
November 24, 2022, 05:34:50 AM
November 24, 2022, 04:29:06 AM
You know what's interesting, back when I started which was in 2014 people were saying the same thing! Imagining what would have happened if they had bought bitcoin in 2011 instead of buying it at $400 or when it crashed to $200.
Today you asking the same question is like history repeating itself. Even funnier is that in a couple of years people will be imagining what would have happened if they had bought bitcoin at $20000.
Today you asking the same question is like history repeating itself. Even funnier is that in a couple of years people will be imagining what would have happened if they had bought bitcoin at $20000.
November 24, 2022, 03:48:11 AM
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.
And where do you think all the whole money would have come from to make fifty percent of the world population millionaires by now? Or didn't you ever think about that? Because if I'm not mistaken, the total world population back then in 2015 was around 5 billion, of which we only had just 21 million Bitcoin in circulation, whereby not all was even mined by then. So a higher adoption would have only caused a drastic increase in price, just to enable the limited supply go round, and likewise a massive sell cause a decrease In price value too. But till this very date, I can proudly say that not up to half or 10% of the 8 billion world population today knows or owns a fraction of Bitcoin due to many reasons or laws safeguarding people living in different parts of the world. I love research, please share you knowledge.
November 24, 2022, 03:10:58 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.
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.
November 23, 2022, 12:35:24 PM
It would have worked for early buyers, but those who bought lastly (on the peak) would have lost money, just like investors who bought during the peak in 2017 for $19,000 and had to wait until 2020-2021 to recover their investments. The problem in the mentioned situation by OP is that the impacts would be much deeper, since we are talking about 50% of world's population. Probably a hype like that couldn't be covered by future bull runs, meaning those who bought bitcoin lastly wouldn't be able to recover their initial investments in fiat number anymore...
November 23, 2022, 12:25:59 PM
Well no, it doesn't work like that.
In money we have supply & demand.
If everybody bought the 2015 dip it would've immediately gone up, and once people stop or even slow down buying it, the price will tank back to original levels. This is what happened in 2017-2018 as well.
If demand is much higher than the supply then it creates a bubble, which will burst once the demand falls back to normal.
In money we have supply & demand.
If everybody bought the 2015 dip it would've immediately gone up, and once people stop or even slow down buying it, the price will tank back to original levels. This is what happened in 2017-2018 as well.
If demand is much higher than the supply then it creates a bubble, which will burst once the demand falls back to normal.
Reminds me few incidences throughout the world when bank had loop holes of financial circulating system. There were big players in the share market who bought shares worth millions of dollars, however there was big issue with this purchase - the money was "temporarily" taken from the bank. Ideally the broker had to send the money to next bank in exchange of Bank Receipt (BR), but it had a timeline (30-45 days). By that time many of these traders used this money to trade into the market and once they made the profit they used to return the money and exchange the BR.
However, market was getting pumped due to "virtual" buys since big bulls made the buzz with temporary money. In reality, there was no money in the circulation. That created huge bubble. The economy crashed soon after this bubble was burst open!
November 23, 2022, 12:24:14 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.
We still have time to invest though, sure there are a lot of skeptics way back, some of them regret selling or not even buying at that time. But we can't get it back right? the best thing to do is to continue and move forward, adapt and accumulate bitcoin if we wanted to be self made crypto millionaire. And for those who have made it, then for sure they will just continue what they are doing.
November 23, 2022, 12:20:44 PM
It is true what you have said, however it is not as simple as you have stated. People have seen the evolution of bitcoin over the years, but they are still hesitant to purchase it. People perceive things differently and are always afraid to take risks. Those who have the opportunity to acquire Bitcoin now will claim in ten years that if they had known, they would have bought some. So this is typical for folks; those who are interested will undoubtedly purchase now for later use.
November 23, 2022, 11:34:36 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.
At that time when bitcoin was close to three digit price in USD, people were buying but the exposure of bitcoin to the global population was limited and hence there were smaller booms in price. With gradual mainstream appearances of bitcoin we have seen the bigger price ranges to be achieved, which adds up.Although the price going up made a lot of people regret their mistake of not buying at the low, not every country is lenient about crypto and if you live in one such, then you have no other option.
Again it is also true that someone who bought at say 500$/BTC, would defenitely sell at 10k$ without looking back. But if they bought back at lower price, then only they might have held to sell again at 20k$. What I mean is that many people have completely exit the market at much lower highs.
November 23, 2022, 11:08:55 AM
If people had known Bitcoin will surge this way almost fifty or more percent of world population would have become a millionaire.
It doesn't work that way. If a lot of people were buying, bitcoin would've went up too much too fast far before it would reach 50% population. It's not like 50% of the population can buy at 2015 prices without pushing the price up lol.
November 23, 2022, 10:33:48 AM
It is not as easy as it sounds. Buying at the early stage won't guarantee you profit. Why? How would you even hold your Bitcoin knowing that are many times it has reached its 'peak'. Won't you be tempted? Indeed there are people who managed to do so but keep in mind the some of those investors forgotten their asset so that won't count in my opinion. There are even stories such as the man who swapped Bitcoins to a box of pizza. That's how hopeless before for this industry. There are only few people who really seen the potential of this industry at its early age, 'coz if there are many, how come that only a few are holding huge amount of BTCs on their wallet and most of them are whales or simply rich in the first place.
November 23, 2022, 10:02:30 AM
Well no, it doesn't work like that.
In money we have supply & demand.
If everybody bought the 2015 dip it would've immediately gone up, and once people stop or even slow down buying it, the price will tank back to original levels. This is what happened in 2017-2018 as well.
If demand is much higher than the supply then it creates a bubble, which will burst once the demand falls back to normal.
In money we have supply & demand.
If everybody bought the 2015 dip it would've immediately gone up, and once people stop or even slow down buying it, the price will tank back to original levels. This is what happened in 2017-2018 as well.
If demand is much higher than the supply then it creates a bubble, which will burst once the demand falls back to normal.
November 23, 2022, 09:39:48 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.
Jump to: