Too late? - page 2. | Bitcointalksearch.org

zanezane

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I don't know much about the mining part but the bitcoin purchase part, I don't think that it is too late but you have to do the final decision because if you buy now, there's no guarantee that you will get a profit immediately and you will have to really wait for a long time sometimes to get a decent profit.

Mauser

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Quote from: KFPE on May 19, 2021, 04:53:19 AM

Question for the experts here....

Is it too late to jump on the bitcoin-trend? Im considering investing in miners and potentially buying 1 or 2 bitcoins.
Or should I instead look for cheaper alternatives with similar potential? Huh

Especially considering it has plummeted after regulators in China announced a clampdown on crypto.
(https://www.ladbible.com/news/news-bitcoin-price-crashes-after-clampdown-on-cryptocurrency-20210519)

Bitcoin dropped almost 50% from it's ATH around 65,000 USD. If you are looking to buy bitcoins then I would keep an close an eye on the market right now. There might be alt coins that are cheaper to buy, but the long term outlook should be much more positive. The thing with China is that they want to ban cryptos so they can promote their own digital Yuan. If this is going to be happen we can't tell yet. Just because China wants us to buy their digital Yuan, doesn't mean investors are going to do so. In my opinion there is no way around Bitcoins in the long run. I am considering buying some more too.

Sinjokubhi

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Quote from: joniboini on May 19, 2021, 06:45:27 AM

Nobody knows the future. Just like any other investment, you have to take the risk and play the game. If you think spending $30k or more is too much, then lower it until you can feel safe even if you lost your money. Don't risk it all and do DCA to play it safer.

I personally just buy on a monthly basis without looking at the price and plan to exit a few years later. Design your own strategy and the risk you can take by yourself since you're the only one who knows your condition.

That's right, no one knows what will happen in the future. Late? I don't think so, because until now Bitcoin is still around and growing. Likewise with other currencies, it continues to grow, increase or decrease, even the output of new currencies continues. It's never too late as long as you want to learn, because investing also requires expertise, not just depositing your money and forgetting it, there are many things you need to consider when starting investing. As he said, trade money that you are prepared to lose or feel safe if you lose it. You say 1 or 2 BTC, that's a pretty big amount to invest. Think again, if you are not ready to lose money with that amount, then don't do it. You must be ready to lose whatever you invest, not expecting us to lose, but when it happens, we can accept it sincerely.

CryptoWebDirectory

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It's not too late at all.. In fact, with what's happened in the market this week it could actually be a great time to buy. With there only being a limited amount of Bitcoin in existence, I think there is plenty of time to get in. We are still decades away from the last Bitcoin being mined. Until then, I really think the price will only continue to go up, minus some retractions here and there..

samcrypto

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Quote from: Mamun74 on May 19, 2021, 12:21:58 PM

I think It's too late to jump on trend in bitcoin.But don’t need panic you just hold your btc and your profit will come.So you need to patience.

It's not too late to buy Bitcoin, he can enter in the market right now while the market is still down this can be a good entry point for him. To OP if you want mining, better to learn about it first and understand the cost of doing that, don't too focus on the news on China not unless you're living on that place but if not, you're free to use Bitcoin. If you also don't have any experience in trading, you can buy Bitcoin now and just hold it until it reaches your target price, its risky but its worth it.

wahyu wida

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Quote from: Smitty Werben Man Jensen on May 19, 2021, 09:53:31 AM

Quote from: KFPE on May 19, 2021, 04:53:19 AM

Question for the experts here....

Is it too late to jump on the bitcoin-trend? Im considering investing in miners and potentially buying 1 or 2 bitcoins.
Or should I instead look for cheaper alternatives with similar potential? Huh

Especially considering it has plummeted after regulators in China announced a clampdown on crypto.
(https://www.ladbible.com/news/news-bitcoin-price-crashes-after-clampdown-on-cryptocurrency-20210519)

It's hard to say that you are late to get into Bitcoin, but for altcoins it is clear that this time is a good moment,
if you look at the trend, it's now entering the altcoin season, it's just that bitcoin is experiencing a dump and altcoins drop by more than 50%,
yup this is good opportunity to buy altcoins and not bitcoin.

I think the altcoin average has dropped a lot, but yesterday there was a starbase that soared by thousands of percent, and there were several other altcoins. So I think there is still a lot of opportunity in altcoins to make a profit, but unfortunately we don't know what altcoins will skyrocket

Bitum

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Quote from: KFPE on May 19, 2021, 04:53:19 AM

Question for the experts here....

Is it too late to jump on the bitcoin-trend? Im considering investing in miners and potentially buying 1 or 2 bitcoins.
Or should I instead look for cheaper alternatives with similar potential? Huh

Especially considering it has plummeted after regulators in China announced a clampdown on crypto.
(https://www.ladbible.com/news/news-bitcoin-price-crashes-after-clampdown-on-cryptocurrency-20210519)

As a long-term investment, it's not late. Everything is cyclical, the markets, too, if they go down sometimes, will also go up later, and I still find BTC, ETH, etc. to be a good investment

Mamun74

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I think It's too late to jump on trend in bitcoin.But don’t need panic you just hold your btc and your profit will come.So you need to patience.

Smitty Werben Man Jensen

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Quote from: KFPE on May 19, 2021, 04:53:19 AM

Question for the experts here....

Is it too late to jump on the bitcoin-trend? Im considering investing in miners and potentially buying 1 or 2 bitcoins.
Or should I instead look for cheaper alternatives with similar potential? Huh

Especially considering it has plummeted after regulators in China announced a clampdown on crypto.
(https://www.ladbible.com/news/news-bitcoin-price-crashes-after-clampdown-on-cryptocurrency-20210519)

It's hard to say that you are late to get into Bitcoin, but for altcoins it is clear that this time is a good moment,
if you look at the trend, it's now entering the altcoin season, it's just that bitcoin is experiencing a dump and altcoins drop by more than 50%,
yup this is good opportunity to buy altcoins and not bitcoin.

jrrsparkles

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Quote from: KFPE on May 19, 2021, 08:19:33 AM

Quote from: jrrsparkles on May 19, 2021, 07:32:15 AM

Quote from: KFPE on May 19, 2021, 04:53:19 AM

Question for the experts here....

Is it too late to jump on the bitcoin-trend? Im considering investing in miners and potentially buying 1 or 2 bitcoins.
Or should I instead look for cheaper alternatives with similar potential? Huh

Especially considering it has plummeted after regulators in China announced a clampdown on crypto.
(https://www.ladbible.com/news/news-bitcoin-price-crashes-after-clampdown-on-cryptocurrency-20210519)

Buy 1 or 3 bitcoins and wait for 5 years then you know the real potential of crypto market, don't get panic due to the dumps and bumps even if the bitcoin goes to $10K in the next few weeks the price will surely reach new all time high in the next 2 years or later.

True - only issue is, that it takes quite some time to get the investment back, but oh well - i'm in it for the long run. :-)

A plant needs some time to grow as a tree then only it will give fruit to us and it will keep giving the fruits forever that is how profitable the long term investment is,

So if you are ready to hold then the profits will come by the right time.

ethereumhunter

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Quote from: KFPE on May 19, 2021, 04:53:19 AM

Question for the experts here....

Is it too late to jump on the bitcoin-trend? Im considering investing in miners and potentially buying 1 or 2 bitcoins.
Or should I instead look for cheaper alternatives with similar potential? Huh

Especially considering it has plummeted after regulators in China announced a clampdown on crypto.
(https://www.ladbible.com/news/news-bitcoin-price-crashes-after-clampdown-on-cryptocurrency-20210519)

I suggest you allocate the money to buy the mining hardware to buy bitcoin because that can give you a chance to buy more bitcoin. Maybe you can wait for a while to make sure if the price is really down or bounce to the high price. But you can buy bitcoin for a small fraction to test where the market goes so you can prepare to do something. If the price still goes down, you can know at what price you can enter the market and buy orders. But be careful because the market will still fluctuate.

KFPE

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Quote from: jrrsparkles on May 19, 2021, 07:32:15 AM

Quote from: KFPE on May 19, 2021, 04:53:19 AM

Question for the experts here....

Is it too late to jump on the bitcoin-trend? Im considering investing in miners and potentially buying 1 or 2 bitcoins.
Or should I instead look for cheaper alternatives with similar potential? Huh

Especially considering it has plummeted after regulators in China announced a clampdown on crypto.
(https://www.ladbible.com/news/news-bitcoin-price-crashes-after-clampdown-on-cryptocurrency-20210519)

Buy 1 or 3 bitcoins and wait for 5 years then you know the real potential of crypto market, don't get panic due to the dumps and bumps even if the bitcoin goes to $10K in the next few weeks the price will surely reach new all time high in the next 2 years or later.

True - only issue is, that it takes quite some time to get the investment back, but oh well - i'm in it for the long run. :-)

jrrsparkles

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Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: KFPE on May 19, 2021, 04:53:19 AM

Question for the experts here....

Is it too late to jump on the bitcoin-trend? Im considering investing in miners and potentially buying 1 or 2 bitcoins.
Or should I instead look for cheaper alternatives with similar potential? Huh

Especially considering it has plummeted after regulators in China announced a clampdown on crypto.
(https://www.ladbible.com/news/news-bitcoin-price-crashes-after-clampdown-on-cryptocurrency-20210519)

Buy 1 or 3 bitcoins and wait for 5 years then you know the real potential of crypto market, don't get panic due to the dumps and bumps even if the bitcoin goes to $10K in the next few weeks the price will surely reach new all time high in the next 2 years or later.

bhadz

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Quote from: KFPE on May 19, 2021, 04:53:19 AM

Question for the experts here....

Is it too late to jump on the bitcoin-trend? Im considering investing in miners and potentially buying 1 or 2 bitcoins.
Or should I instead look for cheaper alternatives with similar potential? Huh

Especially considering it has plummeted after regulators in China announced a clampdown on crypto.
(https://www.ladbible.com/news/news-bitcoin-price-crashes-after-clampdown-on-cryptocurrency-20210519)

If you can sustain the electricity bills if you're planning to have your own miners then that's good. But the ROI also relies on the market situation and what shall be your coins to mine. While you have plans to make your miners, it's a good choice to buy 1-2 bitcoins. I advise you to choose the latter first and that's the best decision that you can do at this time for which the market has dropped a lot. What alternative you can think of? buying altcoins that have dropped too much at these times?

joniboini

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Nobody knows the future. Just like any other investment, you have to take the risk and play the game. If you think spending $30k or more is too much, then lower it until you can feel safe even if you lost your money. Don't risk it all and do DCA to play it safer.

I personally just buy on a monthly basis without looking at the price and plan to exit a few years later. Design your own strategy and the risk you can take by yourself since you're the only one who knows your condition.

KFPE

newbie

Activity: 3

Merit: 0

Question for the experts here....

Is it too late to jump on the bitcoin-trend? Im considering investing in miners and potentially buying 1 or 2 bitcoins.
Or should I instead look for cheaper alternatives with similar potential? Huh

Especially considering it has plummeted after regulators in China announced a clampdown on crypto.
(https://www.ladbible.com/news/news-bitcoin-price-crashes-after-clampdown-on-cryptocurrency-20210519)

Topic: Too late? - page 2. (Read 382 times)