Is Bitcoin fair for those who buy for the first time now?

yohananaomi

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Quote from: 2@abcdeeply on August 19, 2018, 09:14:01 AM

I always think that the market will recover so trust the BTC and do not rush to sell them

with the current situation and situation of bitcoin it is good not to make sales but if possible to hold and buy if you have enough capital with all the good altcoins, because the prediction at the end of the year there will certainly be a good development for bitcoin and altcoin.

KDTnenimo

newbie

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If you will buy bitcoin at very high price it will decrease the profit, so try to buy bitcoin when you see market is a bit down and you can get bitcoin at fair price, so right now bitcoin is not very high in price you can invest it is perfect and fair price after all.

itsik78

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I'm sure that everyone would very much like to buy bitcoin at the initial price and very many thought about this and more than once. My friends also somehow dreamed that they would have known then they bought Bitcoin for all their savings. I do not know what price should be fair, but I know for sure that now it also makes sense to buy, because in the future it will rise in price and rise in price very much

2@abcdeeply

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I always think that the market will recover so trust the BTC and do not rush to sell them

Ilegendph

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Quote from: lisboncryptoeconomist on March 28, 2018, 10:04:57 AM

As an economist, I worry about a lot of issues related to economies in this world.
Bitcoin is surely a revolution, but I worry that it is highly unfair for the older generations and the people who join Bitcoin in later periods.

Most people in the world do not hold Bitcoin or any other cryptocurrency. If they started buying it, prices would soar and there would be a huge purchasing power transfer from those who got later in to those who got in earlier. For these people, staying in Fiat currency will be the best option.

Also, there is the issue of scalability and of the timeframe of existance of Bitcoin.
Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?

I think many of the discussions about cryptocurrencies leave out those of our society who have less access to information and new technologies.

What do you think?
Thank you.

I believe its normal for early adopters to be rewarded. We see it in every other business like network marketing and new business ideas. Regarding the scalability issue, I believe some cryptocurrency solve it since bitcoin is not the only cryptocurrency we have. I believe that cryptocurrency and local currency should remain at its place right now because of the problem you stated since we still benefit from both nowadays.

hachiman13

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Quote from: Phil315 on August 18, 2018, 12:29:52 PM

As for me, I would rather prefer to buy new upcoming coins that are sure and certain, rather than buying bitcoin now. You will make better profit from the new ICO coins.

Many people are doing this strategy actually. All is good for this if you don't encounter a scam ICO.

This is as fair as it can get. The early investors before faced many uncertainty and mental stress so their reward for that is what we're seeing now i.e price appreciation.

yonjitsu

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That's very fair if you compare those investors at 20,000$ per bitcoin than today at 6,000$. That's more than half of price drop and if you buy today and bitcoin will rise again like last year, then that what makes unfair to those who buy at all time high too.

t3ChNo

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Around 6k should be a fair price. We have pretty good predictions that BTC will go up.

Agapelove

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If some people have just bought bitcoin, that would be an advantage on their part because the price of BTC is low. All they've to do is hold them until the price is right. Experts are very positive on this, high expectation. They even predicted that the price would go as high as 10x the current price.

phpartisanmaster

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Quote from: trauchot on August 18, 2018, 12:49:00 PM

Why not, everything depends from the investors themselves, which budget they have and how much they are willing to invest in bitcoin. At the moment in general, in bitcoin need invest at least several thousand dollars, so then there will be some profit, and if investor budget is small, it is better to choose any alt and not worry.

I believe that it will be always depending on the investors because the market prices are based on supply and demand so we can expect higher profit if there are more people who are interested.

eaLiTy

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Quote from: lisboncryptoeconomist on March 28, 2018, 10:04:57 AM

As an economist, I worry about a lot of issues related to economies in this world.
Bitcoin is surely a revolution, but I worry that it is highly unfair for the older generations and the people who join Bitcoin in later periods.

I really doubt about the economic part because every investment is unfair for the last investor. Tongue

. Bitcoin is an open source project and if someone is last to know about it , who to blame, just make sure you understand the risk and invest accordingly or stay away from it .

Quote

Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?

It is an individual's choice whether to invest in bitcoin or some other projects out there . Before investing wage the risk in investing in a proper technology like bitcoin or any other make belief projects. Tongue

trauchot

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Why not, everything depends from the investors themselves, which budget they have and how much they are willing to invest in bitcoin. At the moment in general, in bitcoin need invest at least several thousand dollars, so then there will be some profit, and if investor budget is small, it is better to choose any alt and not worry.

Phil315

newbie

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As for me, I would rather prefer to buy new upcoming coins that are sure and certain, rather than buying bitcoin now. You will make better profit from the new ICO coins.

Bohxz M4p4gm4h4l25

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Quote from: lisboncryptoeconomist on March 28, 2018, 10:04:57 AM

As an economist, I worry about a lot of issues related to economies in this world.
Bitcoin is surely a revolution, but I worry that it is highly unfair for the older generations and the people who join Bitcoin in later periods.

Most people in the world do not hold Bitcoin or any other cryptocurrency. If they started buying it, prices would soar and there would be a huge purchasing power transfer from those who got later in to those who got in earlier. For these people, staying in Fiat currency will be the best option.

Also, there is the issue of scalability and of the timeframe of existance of Bitcoin.
Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?

I think many of the discussions about cryptocurrencies leave out those of our society who have less access to information and new technologies.

What do you think?
Thank you.

I think so, fair enough but there would be a certain condition to be fulfilled and that is to hoard it, so you can expect higher amount of profit when Bitcoin itself raise in its price. If you buy Bitcoin these days and sell it or use it for finance purposes I think you are just fooling yourself when you are able to wait for the fluctuation of price.

icecream sandwich

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Quote from: lisboncryptoeconomist on March 28, 2018, 10:04:57 AM

As an economist, I worry about a lot of issues related to economies in this world.
Bitcoin is surely a revolution, but I worry that it is highly unfair for the older generations and the people who join Bitcoin in later periods.

Most people in the world do not hold Bitcoin or any other cryptocurrency. If they started buying it, prices would soar and there would be a huge purchasing power transfer from those who got later in to those who got in earlier. For these people, staying in Fiat currency will be the best option.

Also, there is the issue of scalability and of the timeframe of existance of Bitcoin.
Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?

I think many of the discussions about cryptocurrencies leave out those of our society who have less access to information and new technologies.

What do you think?
Thank you.

Of course it is not fair because those people who buy bitcoins before of course have gain a lot of money today because the price of the bitcoins before compared to now is way too far. The bitcoins worth almost centavos when they first come to the world but not look at their price they are still increasing. But if you are a new comer dont lose hope you can still gain more the most important is the opportunity

leavefifa

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Bitcoin is fair to everyone, in every purchase, not the first time or the last. Simply because Bitcoin is just a currency and not a charity. The point is if the time you buy Bitcoin is appropriate? This is really hard. You need experience and wisdom. Wish you will succeed in your investment decisions.

Indai24

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Quote from: Lucasmcdonnell87 on July 31, 2018, 12:48:51 AM

I think now is a good time to buy. Maybe the market will change up or down, but if we persevere and good luck can regain the results. Investing in ICOs is the quickest way to make a profit, but the risk is very high.

Yes it is, the very most important is the willingness to take the risk. And I agree with you that in ICO we make money right away and it's gonna be a good start for making investments.

Lucasmcdonnell87

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I think now is a good time to buy. Maybe the market will change up or down, but if we persevere and good luck can regain the results. Investing in ICOs is the quickest way to make a profit, but the risk is very high.

patarfweefwee

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Merit: 14

Well that is the downside of not getting into crypto currency early on. I mean people eho first invested on Bitcoin was laughed at and they actually thought that their investments will be lost. But look at them now, laughing their way to the bank. I think we should look out for the next Bitcoin in the market.

hulla

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As the OP said I think bitcoin is unfair to the older generation and the late adopters in some ways but Bitcoin is not to be blame for that. However, most bitcoin adopters are those that revolves with modern technology and the right people which enlighten them the potentials of bitcoin this is why the company we keep is vital to our success life. An example is Erik Finan which was told about bitcoin through his genius brother and he seized the opportunity.

Nevertheless, it is better to invest in bitcoin now before it reaches the 21 million and genuine promising ICOs now than complaints or waiting for something better which may not come cause most new project are following the steps of old project.

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