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Topic: Is It Late To Invest In Bitcoin? - page 12. (Read 1611 times)

hero member
Activity: 1092
Merit: 747
November 02, 2023, 12:11:48 PM
#3
The truth of the fact is that there is never any time late to invest in Bitcoin, but just that the problem has always been the users ability to hold on for dear life (i.e HODL), which also means the users ability to hold he/her Bitcoin investment for a very long period of time. Because I'm sure you must have heard the famous story about "Bitcoin Pizza", which is all about a guy who paid 10,000 BItcoin for just mere 2 pizzas back then in 2010. So imagine if had this man kept his 10,000 BTC til today at current price of $34,000 per BTC. By today that man would have been a proud holder of $340 million valued of BTC in his wallet.

Henceforth, it's not all about when you bought your BTC, but how far where you able to hold for long that matters.
legendary
Activity: 1722
Merit: 5937
November 02, 2023, 12:01:19 PM
#2
Not long ago, I heard a famous cryptocurrency expert in Korea on YouTube.
Don't listen to those YouTube "cryptocurrency experts" as their sole role on YT is to shill shitcoins, (hence why they say that its too late to invest in bitcoin) and especially don't listen them when they try to predict future bitcoin price.

 
He said, "Bitcoin investment seems to be late, to be honest. I'm sad, too. I think 2018 was the last chance for ordinary people."
Days when you could become millionaire by investing few hundreds of dollars in bitcoin are (most likely) gone, but that still doesn't mean that its too late to invest in bitcoin. Imho, as long as bitcoin keeps beating inflation (which he is doing with no problem), its definitely worth it to invest instead holding fiat that losses value constantly.

Back in late 2013/early 2014 I also thought that I was too late since BTC price was ~$1k so instead buying 0.1-0.2 BTC I bought shitcoins for a couple of hundreds of dollars. Luckily, a bit later I realized my mistake and that I am far from too late and started buying bitcoin instead. So, don't make the same mistake I did.

newbie
Activity: 2
Merit: 0
November 02, 2023, 11:47:48 AM
#1
I am a 20-year-old student. Not long ago, I heard a famous cryptocurrency expert in Korea on YouTube.

He said, "Bitcoin investment seems to be late, to be honest. I'm sad, too. I think 2018 was the last chance for ordinary people."

This makes me feel depressed. That expert started investing in bitcoin in 2013, and he encouraged his acquaintances to invest in bitcoin, but at that time he said everyone thought he was crazy.

Honestly, as an ordinary college student, the price of bitcoin now feels too much to buy.. If it's the price of the early 2010s, I might have bought it through a part-time job..

I'm so pathetic and depressed because I didn't know Bitcoin quickly. What should I do? Cry
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