I would advise you to wait this year and not buy anything. There is a version that soon there will be a correction, after which it will be possible to purchase at a pleasant price
I think with Bitcoin , the earlier will get more profit than the one comes later. So i think your advise is really bad. 
Topic: Is it too late for someone with a small savings to get involved in Bitcoin? - page 2. (Read 949 times)
December 19, 2017, 03:20:12 AM
December 19, 2017, 03:14:48 AM
Its never to late to start. maybe do not start with BTC but with a alt coin. there are a lot of promising alt coins. for example i think xby is going to do great. deeponion is my starting alt also hoping that this wil grow next year. but beyond these 2 a lot of other alts have great promise so maybe check there
December 18, 2017, 09:09:23 PM
in my view, no matter how big the price seems as compared to the past, we are very far away from the cryptos potential value. Though there is no exact way of measuring that potential, you can compare the crypto market with other markets to have an idea
but one of the main reasons that make me believe that the value has a long way to go before it reaches it's peak is the fact that bitcoin is still very user unfriendly.
right now it's almost impossible for a grandma to use bitcoin safely. Avoiding hacker attacks, learning to use a wallet such as electrum, setting up a hardware wallet, keeping the seed safe, creating a decent pin, checking the address before sending a transaction (they probably can't even see the tiny letters), triple checking the amount to be sent. All it takes is one screw up
But this could well change in the future, when more of the demand for cryptocurrencies starts coming from the unsavy. Because this creates a market for services targeted at making the coins safe and easy to be used by the average person
And when this happens, and regular people start feeling like it's safe to use cryptocurrency, the room for the market to grow will increase tremendously.
(yes i took this idea from andreas antonopoulos, I just worded it differently)
but one of the main reasons that make me believe that the value has a long way to go before it reaches it's peak is the fact that bitcoin is still very user unfriendly.
right now it's almost impossible for a grandma to use bitcoin safely. Avoiding hacker attacks, learning to use a wallet such as electrum, setting up a hardware wallet, keeping the seed safe, creating a decent pin, checking the address before sending a transaction (they probably can't even see the tiny letters), triple checking the amount to be sent. All it takes is one screw up
But this could well change in the future, when more of the demand for cryptocurrencies starts coming from the unsavy. Because this creates a market for services targeted at making the coins safe and easy to be used by the average person
And when this happens, and regular people start feeling like it's safe to use cryptocurrency, the room for the market to grow will increase tremendously.
(yes i took this idea from andreas antonopoulos, I just worded it differently)
December 18, 2017, 06:30:30 PM
Its not to late for you to join bitcoin. Big or small savings its ok. You can invest an amount that you can afford to lose. Just dont expect that you will get easily on the top. Just to think for a long term goal with bitcoin.
December 18, 2017, 04:42:52 PM
A friend of mine began talking about Bitcoin with me a few months ago... When it was valued at $2,000 a piece. A price point in which I can work with!
Within what feels like a blink of an eye, it's now at $15 k and all I can wonder is how a "small timer" like me can get involved. Have I missed the mark?
Within what feels like a blink of an eye, it's now at $15 k and all I can wonder is how a "small timer" like me can get involved. Have I missed the mark?
When Bitcoin price was $500 also many people was talking that it is the end and Bitcoin will be dead soon. Now you can see how it looks.
In other words there is never too late to invest in Bitcoin even little amounts!
I dont think this is true anymore for bitcoin. My reasoning for that, is that bitcoin fees for transferring money is crazy right now, and that there are better and better alternatives around.
Sure bitcoin is most popular, but slowly and steadily people realise that this hyped bitcoin isnt even the best coin. Its just the most valuable right now.
In the future it will probaly rise more, but at some point the maximum amount of coins will be mined as well, and then what?
I rather suggest bitcoin cash, as it also generates a fair amount of hype. Hype is important, because that attracts people to it. Since it got some positive development in the near future, i think this coin is only going to rise. Probaly nowwhere near the "real" bitcoin, but still worth investing in.
(again, better alternatives then bitcoin cash in terms of coin abilitys, but that does not take away that alot of eyes and investors are all over this coin, purely because the name "bitcoin" in it.)
December 18, 2017, 04:14:00 PM
Maybe in 5 years it will be late. Now is hot time to make money in the crypto world. Start with airdrops and bounties.
December 18, 2017, 11:36:53 AM
never too late. keep in mind bill gates and others think bitcoin will reach $1million USD/coin. who knows if that will happen, but 3 years from now the conversation could be, "remember when bitcoin was only $19k?!"
who knows
who knows
December 18, 2017, 04:58:29 AM
A friend of mine began talking about Bitcoin with me a few months ago... When it was valued at $2,000 a piece. A price point in which I can work with!
Within what feels like a blink of an eye, it's now at $15 k and all I can wonder is how a "small timer" like me can get involved. Have I missed the mark?
Within what feels like a blink of an eye, it's now at $15 k and all I can wonder is how a "small timer" like me can get involved. Have I missed the mark?
It's never too late.
December 18, 2017, 03:13:03 AM
It will become too late once you missed this chance after you post this thread. Invest what you can afford, never put your money in 1 basket. Better to study first before you make an investment.
December 18, 2017, 12:07:52 AM
I dont think it's not too late because I have heard more people become interested in bitcoin and other cryptocurrency. Crytpocurrency is the mainstream and spreading in social media. Even my friend introduces this and inspired me to get involved in bitcoin.
December 17, 2017, 11:44:03 PM
A friend of mine began talking about Bitcoin with me a few months ago... When it was valued at $2,000 a piece. A price point in which I can work with!
Within what feels like a blink of an eye, it's now at $15 k and all I can wonder is how a "small timer" like me can get involved. Have I missed the mark?
Within what feels like a blink of an eye, it's now at $15 k and all I can wonder is how a "small timer" like me can get involved. Have I missed the mark?
Even though you weren't able to get in when bitcoin is at $2,000, you can still buy it now if you intend to hold it for the long term. Bitcoin would continue to increase as long as there would be no major event that would make its price go down and would make people not to buy it. You are not required to purchase a whole bitcoin because it is divisible by satoshis so you can just buy a portion of it and then store in your wallet for maybe years. You can also buy bitcoin as a gateway for you to buy other altcoins that has still potential to increase in value.
December 17, 2017, 06:16:42 PM
Always invest money you can afford to lose and don't expect a quick windfall. Dollar cost averaging with Bitcoin (buying a fraction per month) and investing in some altcoin is your best bet. This is a long term investment LTC rose from $2 to $48 in 2013 and crashed back to $3 before rising again this year to $300.
December 17, 2017, 04:15:16 PM
I think the main problem is that you will be giving your last money ( as far as I understand ). So you will lose all your nerve cells looking on stock quotes. Try to put in the money you are comfortable with, this way you will act more rational.
December 17, 2017, 03:26:01 PM
It is never too late, even if you want to invest low amount of dollars just do this and maybe after some time learn how to trade and increase your savings by doing that.
December 17, 2017, 10:50:01 AM
No it's not, me too I am new in bitcoin i have only 100$ in my pocket I will try to invest my money. I will try my luck here, because someone said the higher risk I made, the higher profit I will earn.
December 17, 2017, 08:55:04 AM
I have known some people who started small amount, but with their hardwork and clever moves, they have earned hundreds of thousands now. Yes, bitcoin value is too high at the moment, and the small amount we have can be very tiny to purchase btc, but it is in our hands to make our money big. If the price will go up and up, we can also benefit from it. Doing some research also will be very helpful and then invest on what you think will do good on the market.
December 17, 2017, 06:59:38 AM
There is no such thing as too late in the world of business especially to include investments in bitcoin because of its increasing value. You just have to be optimist and open minded in this kind of industry.
December 17, 2017, 06:24:13 AM
I think it's never too late to invest, but now it will be better to invest your money in altcoyins. The most promising I see are NEM Ripple IOTA
December 17, 2017, 05:05:15 AM
It is not too late to invest in BITCOIN because I believe that the price of Bitcoin will continously go upwards. Now is also the best time to invest because in the future you will regret the price for not having investing in the price today.
You can also join airdrops or free coins in exchange for ETHEREUM then TO BTC
Invest also in altcoins look for top 20 altcoins. Read before investing. You dont wanna lose your money right?
You can also join airdrops or free coins in exchange for ETHEREUM then TO BTC
Invest also in altcoins look for top 20 altcoins. Read before investing. You dont wanna lose your money right?
December 17, 2017, 04:39:31 AM
I think it is not too late. All of us have time for invest for investment but not all of us have an instant enough money to invest. So if you have that bothake it now don't lost the chance. I'm just newbie here sharing my thoughts.
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