Topic: Why We Are Still So Damn Early With Bitcoin .. (Read 232 times)

The longer down the road we go the less multiples it might grow, growing from 100 users to a 1000 users was easy.
Going from a million to 100 millions will be a long journey, and the more you invest and have the less multiples it needs to increase in value for you to sustain a comfortable living.

TBH I cannot see them banning mining because Bitcoin offers such a great INVESTMENT
opportunity that powerful people will want a slice of the 21 million Bitcoin cake.

We all know what the benefits are that Bitcoin offer and those benefits are not going to
change so definitely more and more people
will want to tap into those and benefit form them.

Its just a matter of time.

We have already seen top business people do a 180 on their Bitcoin attitude.

There was also a time where a lot of peoples outlook was that they had missed the boat
because of the amount of Bitcoin already mined but that isnt an issue anymore. In terms of
the future investment which Bitcoin is going to attract we are so damn early here and now!

Because there is a factor of uncertainty that we don't know, that is, we can't predict what the future will look like, that makes us decide to make such a decision. It's reasonable that most people think and decide that way because the human lifespan is so short, assuming most of us die at the age of 80 (this is very rare nowadays in most countries of the world).

And even though we could use Bitcoin as an inheritance for our posterity, we prefer to cash out the Bitcoin when we can make the most profit, which we can see later at the time of the highest price increase. We will wait for the price to decrease until it hits the lowest price again to buy and that will happen continuously until we die and finally, we will pass it on to our children.

But as we know, we already have a plan about how we use our Bitcoins. Are they going to keep their Bitcoin for 50 years, 100 years by giving it to their children so they can continue what their parents did to Bitcoin or until our whole life and finally we don't do anything to the Bitcoin we have.

So it's going back to each of the people who have Bitcoin. Our lifespan is very short and we cannot enjoy the Bitcoins we have forever. The longest we can enjoy is up to 80 or maybe 90 years. After that, we die. And it's only natural that people have that mindset.

Everyone has their own hustle, their own grind, and their own motivations for entering the crypto landscape.

You're correct that some individuals may sell Bitcoin due to FUD, while others may simply need to place food on the table or pay off debts. Investing in Bitcoin, or anything else for that matter, is not a one-size-fits-all proposition. Each person's voyage is distinct.

Therefore, lets not judge too quickly. Instead, lets disseminate some positivity, some love, and perhaps some crypto knowledge. Because, ultimately, we're all just attempting to make those green numbers rise.

I understand the OP's point of view; similarly to how we didn't know back in 2010 that Bitcoin would skyrocket and exceed prices of $60,000, we don't know what may happen in 2025 or 2030, and so on. The possibilities are endless, but it doesn't necessarily have to go positively; it can go both ways, one of which is what this user has suggested, and I totally agree. They say that there's no theoretical limit, but in practice, it can't rise forever.

Generally, a small percentage of the total population knows about Bitcoin, and an even smaller one possesses over 0.01 BTC, which shows that we still have a long way to go to achieve any kind of mass adoption, which in my opinion will never occur because Bitcoin is now seen as an asset and an investment rather than a currency, which was its original purpose.

There's only one way to find out: patience.

Yeah, but the tone is different!
In those times you only hear rockets, moon, we're going to hit 100k, 200k, everyone cheering, wine glasses, champagne bottles everything.
In a bear market it's more like, there is still room to grow, it will for sure go up, ETF is coming, Wallstreet is secretly pouring money, rather than everyone parting is like everyone seeking reassurance that things will get better, instead of champaigne flowing is more like a stench of soiled pants! 


If they ban mining it won't be that much of a problem, we could still find enough cheap energy to keep this level of hashrate high enough to guarantee the safety of the chain, of course, we won't be able to find 4x-5x times more, which is going to weight a lot when it comes to confidence, you can't have a 10 trillion blockchain guarded by machines worth 100 million, it's inviting troubles!

If trading is banned, then we can close the chapter of getting rich by holding coins, with all the wealth that matters getting spooked from investing it by bye trading and investing and back to the original, a p2p cash system, like Satoshi wanted! No more no more moon, no more billionaires from shitcoins but good old and boring payment system!

So, at the same time, not really that bad and not that great either!

And I think one of the reasons attributed to this slow adoption is because of FUD spread everyday by anti bitcoin users and also the government and another thing again is that bitcoin in a very large is just bought by the rich folks and kept freezing in planning to their investment

You are coming up with the assumption that the Bitcoin price will rise forever and ever.
What if all major countries in the world(USA, UK, EU, etc...) ban Bitcoin trading and mining? Will the Bitcoin price hit 100K or 1 million? I don't think so.
You are assuming that only 1% of the global population are familiar with Bitcoin. Maybe you are right, but is there a valid reason for the other 99% to care about Bitcoin(other than buying and waiting to sell at a higher price)?
Sometimes I have the feeling that most of the Bitcoiners view Bitcoin simply as a financial tool, which was created to help them make more fiat money. I understand this mindset, but there's something wrong about it.

I guess it is similar to the threads that appear in bull market that give a higher and higher prediction. I remember at the end of 2021 it was not uncommon to see $300,000 predictions for this cycle on the forum. And outside the forum as well.


I understand the message you want to convey, but I believe that real price increases in the future will be slower. Assuming $20 for a pizza today is 0.00077 bitcoin. By 2036 I doubt that 0.00077 will be as valuable as 10,000 bitcoin is today.

With the generality of the message I agree. Bitcoin is a scarce commodity that will continue to appreciate and amounts that seem modest today may become life changing, but I would add that for this it is better to keep accumulating, not waiting for 0,00077 bitcoin to change your life.

when you decide to become an investor, your goal in investing is to make a profit, but do you have the intention to feel the benefits of the bitcoins you invest in the next 100 or 200 years? of course not, so whatever investors do with the bitcoin they have, that is their right, from what I have noticed, everyone has different problems in their life, as well as bitcoin investors, maybe someone sells bitcoin because of FUD but there are also those who sell their bitcoins because they really need money for something important or they are indeed a trader, so I think your sentence at the end is not very on target.

Well, I can say that not all of us think that Bitcoin is a long-term investment and it has grown year after year. Of course, with the volatility of the market, some people will remain uncertain and never think about the future but rather see only tomorrow and the next few days. In fact, those were my insights before and gradually changed after seeing a huge improvement and continuous price growth of Bitcoin. Most of the time, people change their mindset based on their experience and so like you OP. It was not because of that statement but we believe and trust Bitcoin because we see its performance.

I really have the believe that Bitcoin is still at the earliest stages of inception because not everyone in the world is fully aware of Bitcoin. I can understand the fact that early adopters have had their cake of the market boom at first stance.  It has a long way to go through time to come. This is a generational innovation that has taken shape in the world today.

As you have said, just like gold had existed long before now and would stay till generations to come, so it will be for Bitcoin. As the world begin to clamour for change and alternative means of improvement in all ramifications of the only suitable option would resorts to Bitcoin technology and that would pave way for more adoption process. As time goes on many  side attachment of Bitcoin innovation and creativity would emanate giving it to a good edge to continue booming stronger.

I share the same opinion as you that Bitcoin still has plenty of opportunities dor anyone who cares enough to join the bandwagon but its not early. I saw Bitcoin at $500 couldn't buy (I would have, if I could  ) , so I'd at least consider that price as being early.

There would continue to be opportunities for newer bitcoin adopters even if the maximum supply cap is hit and that's not going to happen anytime soon too.

You're saying that if 99% of population converted to Bitcoin believers, the price would explode, but that's a very big if. These days most people who are not too young or too old are aware of Bitcoin. They know that it's some digital currency that goes up and down. And they are not interested. They are satisfied with fiat currency.

So while there's a lot of potential for Bitcoin, that potential is not realistic. Adoption is stagnating, Bitcoin is not getting used increasingly more as a currency. The on-chain activity of less than 1 million transactions per day is laughably small compared to transaction volumes of fiat currency.

Not True: You could call it (for example) "one shade of early" but "Damn Early With Bitcoin" does not match up with reality. In the early days BTC flew out of your CPU for free! A bit later the first Bitcoin were sold for less than a penny each. If you do the math, "So D@mn Early" ended a very long time ago. Now, there are still many exciting opportunities, but "telling the Newbies" how early it still is might not be the most honest approach. Sometimes it pays well to keep it real folks.

That is good indeed but the difference between me and those people who only think of getting a slice of cake before it will disappear is that I didn't think that way. As what I can see about Bitcoin, there are lots of things that a person can do with Bitcoin like using it as payment method when doing a transactions either buying, selling or even lending. People like that will surely miss things that can be done with Bitcoin in the future if they are only like that which is only to get a slice of it and then that's it.

Most people's salary or income is barely enough to live on. And these people want more. It is their right to ask for it. But when there are no more jobs or higher salary options left, all that's left is to invest. This brings us to the answer to your question. People want good things to happen immediately or in the short term, not in the very long term. That's why they can't keep Bitcoin or other cryptocurrencies in their wallets for very long. Now they sell their crypto and try to live that life as soon as they get a chance to live a little better than theirs.

We don't know how long our lives will last. We know that some cryptocurrencies will reach very high levels in 10 years, but we do not know if we will live 10 years. For this reason, investors' long or short-term investment preferences will always be different. Everyone lives their own preferences.

The Satoshi may not expect this much demand of Bitcoin after a decade,because now bitcoin was used as the mode of transaction.In some shops people use the bitcoin for their purchase as like the bank transfer.By just scanning the people sending bitcoin to the service providers.Now bitcoin was become a better place to keep your assets as like a gold.Since bitcoin is digital assets,we can't even tracked by the official of government.The bitcoin also used by the illegal transfer, it doesn't mean the bitcoin was created for such usage.

I agree with him, we're early, but bitcoin only based on time and holders. Holders are one of the pillars of bitcoin's demand and scarcity, but they aren't the only forces at play.
Nowadays there's politics, traders, market manipulators, companies like blackrock and microstrategy, banks, whole countries like El Salvador and don't forget about miners who supply us with new coins that need to find their buyers, or the price goes down. Being here and buying for our future is important, but it's also important to disconnect yourself from the noise that people like Musk, or Fink are creating.

If that's the view of riches is what's driving you, know that you may lack the required resolve to hold bitcoin for that long

It's likely that even Satoshi, the creator of Bitcoin, didn't anticipate its current price when designing it for peer-to-peer transfers without intermediaries. The unpredictable path of Bitcoin over the years has shown how challenging it is to foresee its long-term trajectory. While we can't predict its future, historical patterns offer insights into how Bitcoin might respond. It's difficult to envision a swift replacement for Bitcoin, making long-term holders potentially significant beneficiaries in this situation.