Topic: Is Bitcoin fair for those who buy for the first time now? - page 6. (Read 715 times)

I would day that the earlier who bought bitcoin are tge luckier one. Since they choose to invest for long period of time they actually deserve to gain more than the people who invest just now. Its not yet too late to invest in bitcoin, the future of it is still promising and we might still gain good amount of profit.

Well, I would say that it's not the question of fairness because everyone has their chance to invest early on in cryptocurrency when it started. However, every person has their reason as to why they didn't try it early. For me, it's because I didn't believe at it on the first time, and I honestly though that it was as scheme and that it was not going to prosper, it was my choice then, same as for those people who chose to go for it as a leap of faith.

If you buy bitcoin to purchase other things with it, it is always fair because you always receive bitcoin worth the money you will spend. If you want to buy bitcoin as an investment, then it is basically a question of taste. Price was already at around $20,000 and we can reach it again, but I personally would invest in newer and unlike lower priced ICO projects. If it will succeed, you can easily have winnings over 1000%. If bitcoin will go back to $20,000, you will just have 150% winnings.

There is no justice in the face of wealth!

People who bought BTC in the early days got their money, but there were lots of risks!

People who buy BTC now face a lot of risk.

There are risks and benefits!

If you don't think it's fair to buy another new digital encrypted currency, maybe it's another BTC!

Well, since they will be buying for the first time it will be fair for them because they know the risk that they will take before buying it. Anyway Bitcoin price is changing always so they might profit or lose but what i am sure is if they will HOLD their Bitcoin they will profit in time.

I think there is nothing wrong for the people who are trading bitcoin for the first time but the most important for such people is that they need to be too much careful and should start trading with a little amount, because trading bitcoin with a high amount for a newbie is really too much risky and he more chances to lose money. Therefore  would suggest him to trade bitcoin with little amount.

You may think its unfair for some people who did not started out at the early stage and buying it now but there are still people who will still buy if bitcoin price reaches 50k, so what do we say to them? You should be lucky you seized your opportunity and invested and not been ignorant. I know of people whom have been holding since 2009, and I most times regret my foolishness for overlooking it then.

Although there are issues of transaction delays among others when dealing in bitcoin now; I still thinks it is the buy time to buy bitcoin especially for first timers. The price is comparatively low now and would surely rise when held for some time.

Even as an economist there is room for theory and another for practical. Economics will teach about the risk but would leave the decision to the decision taker who be the one to bear the brunt if anything goes wrong. Even in the most centralized economy with various controls and regulations, information does not circulate in a uniform way some people will surely have access earlier than the others.

When it comes to bitcoin, I don't think there is any need for castigating or talk about unfairness for those who came early because they took the risk when it was unpopular which eventually paid off and come to think of it, a lot of others who might be castigating today, had the opportunity to come across bitcoin at some point but chose to ignore because a whole lot of people here today, 5 years ago had access to the internet but focused on something else. There is a consolation though and that is we are still early adopters.

I believe I saw the post quite similar to this one a few months ago. Well it's not like there's only one coin, they can start with the small one and when they, hopefully eventually, get some profit then they can invest that into btc. Also, no one says that you have to buy whole BTC coin, you can go for decimals as well.

The only problem is that people didn't know about Bitcoin back then. These days, Bitcoin is almost everywhere in the television, newspapers and so on. The positive is that those who supported Bitcoin in 2009 were interested in the Blockchain itself, not in the profit which could come in the following years. People don't even think about Bitcoin's scalability issues. Low SegWit adoption is a sufficient proof. I have met many people who still didn't know what is SegWit at the beginning of this year.

Yes it is, Bitcoin is a revolution.

I remember the price was $250-$350 when I first heard about bitcoin and joined this forum. At that time I was thinking the same thing you are thinking.
But look at now where bitcoin price is and how far it went a few months back. You are here now and the price range is $7k-$9k, at this point think of two years in future. At that time someone will worry the same.

I'm not an economist, but I understand a simple logic - the more people will join, the more demand will be there, and the price will increase drastically.
And another thing could happen is the decrease in total supply over the time and it can add extra value to bitcoin.

If someone thinks to invest in bitcoin, they should understand that bitcoin investment is a long-term thing. But if someone buys it to use as currency then its a different story.


The theory needs a detail explanation. But in short, I would like to say that we are humans and humans has huge greed inside them.
Those who have entered early will also buy more at a later time because everyone wants to multiply. If you have 1 btc now, you will want to have 2 or more btc in future, isn't it?


In my opinion bitcoin will stay forever, no matter what happens, whether it is centralized or stays decentralized.


If you have an opportunity to invest in a good ICO "now" then why you should wait for future?
Try to take the profits from "now" and invest in future if there are any good projects, you will have more money to invest, isn't it? Present and future are two different things - act in present and plan for future.

There is no delay when it comes to buying bitcon as bitcoin is gaining popularity now and many more people are getting aware about it and you cannot expect that everyone would be knowing bitcoin since its inception and many people have come to know about bitcoin at this stage and I don't think that anything is wrong in that and even if they start investing in bitcoins from now then in future they will be earning huge profits only by holding it so there should not be any regret for knowing bitcoins lately.

You talk about ICO Over bitcoin, dam that's very daring of you. I don't think there is any ICO that can beat the bitcoin!! It's more than self sufficient to take over other currencies held together. If you talk about the market cap and even the prices of bitcoin then don't forget bitcoin dominates all the available crypto currencies in the market by 40-60% over the course of time. Isn't thats enough proof to let you bitcoin can't be replaced with ICO? I might be fighting back too much over your ICO statement but ICO are not that great as you are trying to depict here. Also bitcoin is not that weak to avoid it in first place.

The question is I think if you're going to use it as a store of value or as a method of payment. As a store of value, as you said, early adopters enjoy the biggest profits. As a method of payment, you don't care if it's $1 or $10000, as long as the price doesn't fluctuate too much too fast (if it does, it's difficult to use it as a method of payment). But I think when bitcoin becomes mainstream, the price will stabilize and it will be used in reality as a method of payment. And then it won't matter as the majority of people will be late comers, and the early adopters will be rich but they won't be able to affect the market, because it will be so big. So I think in the long run it doesn't matter and that fairness is not a scale that can be applied to this issue. That's the way it works with every new technology, the early adopters are the ones who are rewarded the most, but you have to remember that they are the ones who risked the most too - not every new technology goes on to become "the next big thing"

Is it fair that the older generations are holding most of the real estate, forcing the younger generation into a modern form of serfdom?

Is it fair that wealth begets wealth and that income through labor is much more heavily taxed than capital income?

Is it fair that the younger generation has a much smaller chance of aggregating wealth due to the fact that income levels have not even remotely kept up with the purchasing power of fiat currencies over the last few decades?

People investing into new and unproven companies, industries and technologies take high risks. Naturally they expect high rewards. It not always pays off, but when it does, even those that failed to invest usually simply accept it. I've never heard anyone complain about how investing in Microsoft, Apple or Google in their early days was unfair. Something that has always been well in reach for older generations. And for the most part of modern history, investing in stocks was much more difficult for the layment than investing in crypto is today.



No one is forcing anyone to invest. Those that invested early, took the highest risk. Those that will use cryptocurrencies once adoption is high and risk is low (should that ever be the case), will profit from improved economic freedom caused by less friction in international remittance and trade.



If you find a viable ICO, sure, by all means, go for it. I'm sure as an economist you are well aware of the failure rate of startups and how to asses and mitigate these risks accordingly.



Do they? There's been a lot of talk about how cryptocurrencies could help economies in developing countries. Banking the unbanked is a prevalent topic. Supporting citizens of nations suffering from hyperinflation and questionable monetary policies is another.

The price is dictated by the market so whatever the market price is it should have been fair to those who buy at that time. Its just sad to see the price dip so low that it will hurt you so bad when you have bought at the time when the price was $20k. I'd cry a river too if seeing the money I have now belongs to those who crazily dumped.

Bitcoins are very unstable and I think there is no fair or right time to buy bitcoins. It is just advisable to buy during dips to avoid quick losses and lessen risks at the first place. Like for example, observing the market when is the resistance happening and what price does bitcoin stay longer, then you would know what mark will be your basis of fairness and when it dips below your mark then its your perfect time to buy. Everyone has their own opportunity to invest it is just you need to have better judgement and courage to do it. Be as patient as you can too.

Cryptocurrency or bitcoin is just starting, we are just starting to adapt a new and innovative way of securing assets and transactions. So, I think we cannot say that it is unfair since it is not even the fault of those people who learned about it first. A lot of countries are even late in adapting cryptocurrency and they are coping up fast.

This is just really a matter on how a certain person would able to risk.If they can afford to lose up some amounts then he would probably risk his money since he do believe on such thing.Talking about investing on bitcoin nowadays would really be always on our choice since its our money after all.For those who bought on earlier days then i would say they do really deserve on the money that they do earn.They believe on bitcoins tech and now they do see the profits from their own pockets.