Topic: New to Bitcoin, am I too late? - page 2. (Read 371 times)

well, the "concept of bitcoin" which you claim to like is not about some virtual thing that you buy, hold and make (fiat) profit!
this concept is about having a "currency" that works globally without a boarder or middle man, so it can not be controlled, censored, closed down, confiscated,... so if you really understood this concept and liked it then you already know that it is never late to start using the unique decentralized currency of the world.

If you read most of the predictions, be them based on technical analysis or under the influence of paranormal activity or a deity complex, the majority point to an increase in BTC price over the following years, going through all sorts of rational and irrational values (20K,50K,100K 1M per BTC). There are of course those that vouch for the opposite, although not as many, nor with the same intensity in their preachments.

All in all, take it as you like, but be prepared for the worst scenario, making sure that that would not have a grave impact on your economy aside from a slightly remorseful conscious. Anything that goes beyond is a wild risk.  I’m more with the yeas than with the nays, but then again I will not put anything at stake that will cripple my savings to a significant degree (that’s what you get when you’re more conservative than risker by nature).

Note: It would be wise to remove the donation prompt in the OP (not the address from the profile), since it could be misinterpreted as "begging" which is against the Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ (rule Nº 7: “no begging”). Even if that is not your spirit here, better safe than sorry.

Hey Everyone,

I just recently went through and did the coinbase videos to earn some of the coins that they were giving away. I ended up transferring them all to bitcoin which left me at around $40 USD worth of bitcoin. I am wondering if I should start investing more into this now that I have a small start? It seems like there are a few types of people when it comes to Bitcoin. The day traders, which I really dont have time, or the understanding, on how to do it. Then you have the HODLers, which I think is more of where I would be. My plan would be to take a small percentage of profits after a certain percentage gain, like a 10% profit after a 50% gain. My concern is that it may take several years to see another 50% or more increase. I also don't have a lot of money I can really invest into it. I might be able to get to $500 by the end of year but that would probably be pushing it.

I really like the concept of Bitcoin, and believe that it has great potential for mass adoption. I think the issue with most people is probably the same as me, I just don't really understand how the whole thing works. I have tried several resources to understand how the blockchain works, but they all seem very generic. If anyone has a good link for beginners to start to understand the whole deal please let me know.

I appreciate any help or feedback that you guys can give me. I also will read any information that you can lead me too because I really want to understand this.

Thanks Johnny Aveo