I would 've done a new thread but this is just fine for saying hello myself.
Long time lurker, first time poster here saying 'hello community'.
PS. I don't think that it's late already.
Topic: New Here , Am i too late for bitcoin ? - page 3. (Read 3015 times)
No you're not late. however you will need some investing ie. GPU and other stuff to turn a profit on mining. If your not up for it look into other crypto currencies. May not have a big worth but prices always increase! Have fun mining!
~Kaws
~Kaws
The best advice on investment anyone can give.
O yeah , they will always increase until you can buy one btc with 0.5 btc.
No you're not late !
The price will oscillate for a long time between 1000$ and 7000 yuans. Do the maths !
And between them, 850 € is not bothering much people because Europe is a small market if we look at the exchanges.
The price will oscillate for a long time between 1000$ and 7000 yuans. Do the maths !
And between them, 850 € is not bothering much people because Europe is a small market if we look at the exchanges.
hi, just a quick question a lot of people are saying the other types of coins are worthless, but if it really doesnt cost much to mine them, and you do it 24/7 what do you have to lose if you just do it for a year, and hope one of the alt coins goes up? Also, can the miners you buy, mine all the types of coins at once?
No you're not late. however you will need some investing ie. GPU and other stuff to turn a profit on mining. If your not up for it look into other crypto currencies. May not have a big worth but prices always increase! Have fun mining!
~Kaws
~Kaws
Bitcoin is likely to reach, minimum, $300000. 100k likely sometime in 2016. These are common conservative estimates. So no, you are in fact pretty early compared to most of the world.
Get out of the newbie board, don't listen to other newbies and do a lot of reading for a few weeks.
Get out of the newbie board, don't listen to other newbies and do a lot of reading for a few weeks.
are u sure 300000 ?
The hamster that installed my giraffe receptor on my new plasma duck said something about 321 235.
And I do trust that guy more
Bitcoin is likely to reach, minimum, $300000. 100k likely sometime in 2016. These are common conservative estimates. So no, you are in fact pretty early compared to most of the world.
Get out of the newbie board, don't listen to other newbies and do a lot of reading for a few weeks.
Get out of the newbie board, don't listen to other newbies and do a lot of reading for a few weeks.
are u sure 300000 ?
Definitely not too late for the altcoin race.
it is never too late trust me, bitcoins is only 3 years old
I think for Bitcoin mining you are too late. However, I think the price will continue to rise, after a short drop some time soon to a about 500$. But, I also think that Bitcoin will fail within the next 2 years and if you start to get in now, the key is to get out soon enough. I think there are a multitude of reasons why it will fail, be it that it will continue to be a pirate-currency, or that smart bankers will get upset because they did not see the opportunity to make a lot of money and start to destroy the Bitcoin, etc. basically, they see Bitcoins as a punk attempt to outsmart *their* world, and they don't like to get beaten up by some underground punks. Some Cryptocurrency will survive sooner or later, but Bitcoin has the bad luck that it was one of the first and is the most famous.
So, get in when the price has dropped, but get out before the price drops much more. Or try to get into other cryptocurrencies, as they might stand better chances
So, get in when the price has dropped, but get out before the price drops much more. Or try to get into other cryptocurrencies, as they might stand better chances
Bitcoin is likely to reach, minimum, $300000. 100k likely sometime in 2016. These are common conservative estimates. So no, you are in fact pretty early compared to most of the world.
Get out of the newbie board, don't listen to other newbies and do a lot of reading for a few weeks.
Get out of the newbie board, don't listen to other newbies and do a lot of reading for a few weeks.
It will never be too late , but getting in from the start can be tricky to choose when to get in.. the rule of trading is buy low, sell high - so it might be wise to wait for a pullback in price before getting in.
It's not so bad buying now when you already have coins, it just increases your dollar cost average price per coin... So if you bought 10 coins at $500, and 10 at $1000, your overall price paid is $750 per coin.
It's not so bad buying now when you already have coins, it just increases your dollar cost average price per coin... So if you bought 10 coins at $500, and 10 at $1000, your overall price paid is $750 per coin.
yes.
... I still feel that it's entirely speculators who are driving the price up so high and that once this speculation dies down the price is going to plummet back downn ~100 levels we have been seeing for a while.
Do you really believe a 90% drop in price would let BTC survive?
I believe there is potential for future larger crashes but if you expect Bitcoin to go "to the moon" a drop like that would probably kill it (maybe people would flee to an altcoin?)
Bitcoin dropped from 32 to 2 once , then again from 266 to 50 , nothing killed it and people learned not to panic.
And flee to what? Shitcoin? If bitcoin goes down no alt will survive.
As a newbie myself, I'd say never too late to get in on Bitcoin. Bitcoin mining hardware? Maybe. 
Maybe you can try to look into alternate coins , Bitcoin is on the peak now
Alternate coins have no value other than speculation. Even litecoin... what the hell can you buy with litecoins?
Putting aside NMC there is no need for any other alt. You can't do anything with them , just speculation , and if bitcoin price goes down so goes their price.
But bitcoin can go up again because of its actual demand , alt coins can rest forever in the garbage.
No, there are still ways to earn BTC but harder and more expensive ones. You can buy mining hardware or offer your services to others for BTC
Yes, BTC would survive as it did in the past already after big crashes. Many would see good oppurtunity to buy cheap coins instead.
I believe the mistake in this assumption is to project past situations into the future. There was a lot more uncertainty with BTC in the past and less competition.
In my view the only way that Bitcoin can suffer such a price drop is if the general consensus is that there is a massive flaw, be it technical nature or through the trading systems.
People wishing for such price drops generally say so because they want to buy cheap coins and later sell them for profit.
If the value halves there will already be a lot of people seeing a potential doubling of their investment once prices recover.
The lower prices drop the more people will have to seriously doubt that bitcoin will ever reach its previous ATH again.
I am not saying that this is impossible but it is becoming less and less likely.
That and the fact that if people expect bitcoin to eventually reach an astronomic value it will have to double ever so often for it to reach that value in a finite amount of time
... I still feel that it's entirely speculators who are driving the price up so high and that once this speculation dies down the price is going to plummet back downn ~100 levels we have been seeing for a while.
Do you really believe a 90% drop in price would let BTC survive?
I believe there is potential for future larger crashes but if you expect Bitcoin to go "to the moon" a drop like that would probably kill it (maybe people would flee to an altcoin?)
Yes, BTC would survive as it did in the past already after big crashes. Many would see good oppurtunity to buy cheap coins instead. And if Bitcoin crash, other alt coins wil crash too, these alt coins are good only to speculate against Bitcoin
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