Topic: No late comer in bitcoin Investment. - page 6. (Read 750 times)

It's not too late to invest in bitcoin, as evidenced by the fact that you are well-known in your community for your bitcoin business. I believe you have the words to convince anyone who visits you that the time to invest in bitcoin is now, as we all hold the opinion that the price will rise from where it is at the moment.
Even though investing in bitcoin takes a while, I hope you have enough time to explain how it will benefit them in the future. The majority of them have stated that investing in bitcoin isn't assisting them. Showing them charts won't convince them and won't tell you if the price will rise or fall; instead, chart can only show you where the price has been historically.

I also believe that in the future the price will go up, as I think we all do in this forum, but you make the mistake of thinking that the future is going to be like the past and that is not necessarily the case. In fact, the price predictions for 2022 assumed that and then what happened was a disappointment, because the future often departs from the patterns of the past. The problem is that past price behaviour is one of the few pieces of information we have in the short history of bitcoin to base our predictions on.


I get what you mean, but I think it is more important to have entered early, as the returns in the early years are always higher than later. This is the same for bitcoin as it is for Amazon shares. So, you are right that it is very important to hold on without selling but it is better to have bought early.

There is some bitcoin maximalist who doesn't want to used the word "pump" in bitcoin market, the term usually reserves for those altcoins that go hard in prices because it is manipulated, unlike bitcoin who has grown so much that I don't think someone can still influence or manipulate the price to his own liking.

But obviously, we've seen it's growth, it's so massive that everyone is FOMO'ing and wanted to join the fun.

So yeah, there is no late comer here, the price might be steep, but we can all invest as little or how big, it doesn't matter as long as you are here for the long haul.

Bitcoin doesn't even need to pump hard for it to be useful in an investment sense — all it needs to do is to simply outperform gold and most fiat currencies.

But yea, the masses thinking they're late simply because they wasn't able to buy at single/double/triple/quadruple digits makes me pretty confident that we're highly likely to have more heavy(but probably less dramatic) bull markets some time in the future.

In my opinion, when you enter is not as important as how long you stay in the market. I mean, many people know bitcoin very early and also invest in it, but they don't have the patience to hold and sell them early and leave the market. Those people also don't get big returns as many people think, while those who invest later but they persevere, have faith in the market and hold for a long time still get better returns. Bitcoin is a long-term investment, those who stay in the end are the winners. Patience is key when investing in bitcoin.

It is never to late to invest but the problem is that people are just buying it when the price are high and in green days but when the price drops people got scared and not buying it which means they dont have enough knowledge on Bitcoin. Also people got late because they keep waiting on dip that they cant predict also

Early or late depends on the understanding of the investor what bitcoin is about. The way a person joins the bitcoin market can differ, some invested and was unlucky and others were lucky to gain in bitcoin. As we know, humans get encouraged by profits, those who profited from bitcoin after investing would continue staying in the market even if it gets red, while their counterparts who lost money wouldn't like to stick in the market. Though, in a common sense no industry has a late comer yet some people consider themselves late comers that's why they'll be called late comers.

If I were you, I will let my friend go in what they want, because it's not your capacity to give suggestions or recommendations about which coin they must buy. It's a good thing if let the risk befall them, so that makes your friends will learn from their mistakes. And, It's a bad thing also if you give investment advice to your friend, If the price drop and dumping, your friend will blame you or more extremely, they will ask for compensation. Are you ready for that?

I won't disrupt your good advise on this particular topic but i have came across such topic being posted here overtime which i would like you to read or search before posting next time.
In as much as we have mod and admin working tireless to keep the board clean we should try our best to help ourselves keep it as pure as snow.

No late comer in bitcoin Investment.
Here are related questions that have been asked over the time
1 > Is It Too Late To Invest In Bitcoin?
2 > BTC price break 1459 USD, is it too late to invest in Bitcoin?
3 > Is it too late to invest in bitcoin? Is it a bubble?
4 > Its too late to invest in Bitcoin!
5 > Is bitcoin the best one to invest in? Or am i too late?
6 > age 28 is it too late or not to invest in bitcoin.?
7 > Is bitcoin the best one to invest in? Or am i too late? It was repeated after seeing the previous topic was locked by mod he then move to create this second topic with same title.

From my little research these are related topic that are same with your questions currently.
please i would suggest you to lock this topic to avoid spamming.

Bitcoin is the most speculated asset in the market today and as a matter of fact, its price has been the major driver why it become a most speculated asset because the volatility of the market has aided its constant speculations since everyone wants to predict Bitcoin price.
Most newbies into Bitcoin investment today are only here because Bitcoin has gained traction and they want to gain from it, and they feel that they are far behind schedule and at that their feel they are late, without knowing that there is truly no late comer in Bitcoin.

Bitcoin is one of those cryptocurrencies that are worthy of lining your wallets just because of the positive uptrend of its value, so no matter how high or low the current price is it would still be safe to assume that bitcoin would still be profitable. Although still, this shouldn't be taken as a postulate as if this is what's going to happen every time. There are major risks involved with investing your money. It's not always rainbows and butterflies.

And although I think you are well-meaning, the basis for your argument is weak and could be debunked by anyone with half a brain to dissect it in front of you. As it stands today if you'd become an ambassador for bitcoin we're screwed lmao.

Exactly the type of argument I was having with someone outside the forum earlier today. The bitter truth is that majority of us think that sweet mouthing without undoubted evidence to buttress their claim is enough to convince people into their own idea. This Bitcoin prices prediction is not second to accurate and that's why it's called predictions mostly driven by speculation.

What should matter if you are thinking of entering crypto investment is your overall state; no matter how low the market price be, if you are not ready to endure market price changes and losses, you won't be ready at any price point. Make an entry once you are okay with the market behavior and once you know to yourself that you can ignore and avoid selling if things do not go according to your expectations, in an instant.So basically, there is really no 'best entry point' in this industry.Won't be enough; there's no assurance that its market price will just continue to increase given how unpredictable the market is and since issues regarding adoption is still present. This is where problem arise often; persuading people to invest because of the long term expectation and not considering the short term price movement. Its market price is simply below 50% of its ATH, and this should also be an enough caution that things are just uncertain in this industry.

Do you think people should invest in Bitcoin or any other asset because they read a forum post from a random user and their whole argument is that they simply believe that the price will go up? If you presented a logical argument why Bitcoin will go up, that could be a start of discussion. Simply stating your belief is not very interesting.

And charts don't predict prices. Markets are not driven by an objective force that will produce same outcomes from same starting positions every time. People tried to create so many Bitcoin price models, like rainbow charts or Plan B model, and they all failed.

It is not a new story that we hear and this is going to keep coming that there will be people that shall say the same words as those regret that they've missed buying when it was still low.
Just as the market, it also has a cycle that they'll say the same thing over and over again.
Go back to a few years ago and we've got the same thoughts and even I when I was already holding a few bits/sats, I've thought that it was too late for me.
But little did I know, I was still one of the earliest folks to come in here and bought mine and never was a wrong decision.

That's a good thing; it means you are famous in your society. Those who think it's too late to invest in Bitcoin should be guided properly that Bitcoin is still low in value and it will rise to higher values in the future. If they have decided to invest in altcoins, that's their choice, but try to guide them to invest in only reputable altcoins such as ETH, BNB, and LTC.

You are right Bitcoin price is still meager as it in the future, its price will reach way higher levels. I agree with your statement that this is the time to invest in Bitcoin, and HOLD is for the long term. Bitcoin will pump to way higher levels in the future. In this case, it would be an intelligent choice to HOLD Bitcoin for another decade to earn tremendous profits from your initial investments.

The price of bitcoin has risen significantly since its inception ten years ago. That should be enough to persuade one that bitcoin is the way to go in the future. From your chart, it reached an all-time high of $68,991 in November 2021. With the current price compared to the ATH, it's still a good time to buy now and hold because the expectation of a new ATH coming up after the bitcoin halving in less than 2 years is still very much believed to happen, and this always follow up in a price increase higher than the previous ATH price.

Some people thought Bitcoin was a joke until it crossed $1000 in 2013, and most people did not believe that Bitcoin was real until it crossed $19,000 in 2017, before many people began to invest.

People that think they are late to Bitcoin are those that have not checked the price history or Bitcoin. In the past 14 years, a lot of people have made fortunes from their Bitcoin investments. Making profit in Bitcoin doesn't necessarily mean they must make billions of dollars; perhaps profit is made from investment based on the amount invested. Anybody who invests in Bitcoin in this current period is not yet late to the game because if they buy now and hold for another 10 to 14 years, of course Bitcoin will experience another bull market, and if they hold for that long, they will also make a lot of profit depending on the amount they invest.

Lots of people that know am into bitcoin investment in my society always come to meet me and they have been complaining to me that they didn’t get to know about bitcoin early, most of them wants to invest in bitcoin but they believe the price is already high and incase if the invest now, it’s just waste of time because the won’t really be making much profits again, most of them decided to invest in other things why some of them decide to invest in altcoins(which is very risky).

I know bitcoin price has gone up compare to the price it was around 10 years ago, people that bought bitcoin years ago will definitely be in good profit currently, and am sure if they keep on holding their profits will keep on increasing because I believe bitcoin price is still low. If you are planning to invest in bitcoin and you have been thinking the price is high already, then you are wrong, I believe bitcoin price is still low and this is another great opportunity to invest in bitcoin, if you can HODL for long term then bitcoin price is still going to pump hard in the future, we shouldn’t lose another opportunity this time by not investing in bitcoin, so that you won’t endup regretting later in future why you didn’t invest now, to me bitcoin price is still low but if you are investing, you should be ready to HODL for long period of time.
I will be showing the chat which shows bitcoin price history since 2010 to 2022, then you will know bitcoin is still going to pump hard.



Source link