Topic: Yes or No? Doesn't Bitcoin unfairly benefit early adopters? - page 13. (Read 3951 times)
Of course Bitcoin benefits early adopters, and it should be that way. They seen an investment and they risked. You can not say that something is unfair, because you didn't join the ride on time, because you didn't want to risk or didn't know about. All investments are like that, but not every turn to be as good as Bitcoin. It would be selfish to say that Bitcoin unfairly benefits early users.
It does give too much power to institutional investors that got in very early. They manipulate the market at their will, and manipulation translates in centralization of power, quite ironic for the idea of a decentralized currency.
It is not, a big big no, it is not definitely unfair, it is just that those who really adopts bitcoin were blessed because they can have bitcoin so much and buy, that is why the value goes high and continue to grow more, they were benefited more than us now because if we invest now in btc we have to make thousands of dollars to accumulate 1btc only.
Or at least they had faith in bitcoin even the though in the earlier times, hardly their are any patronizers back then. But now it seems their more and more adoptaters than before. It is hard to imagine that now even countries are giving high hopes for bitcoin and even stating to take advantage on its services for its citizen. Honestly i am one of those people who regretted not buying btc.
It is not, a big big no, it is not definitely unfair, it is just that those who really adopts bitcoin were blessed because they can have bitcoin so much and buy, that is why the value goes high and continue to grow more, they were benefited more than us now because if we invest now in btc we have to make thousands of dollars to accumulate 1btc only.
Definitely not, for those adopters of bitcoin it is fairly benefited on bitcoin. It is their own way on how they can earn huge profit when they invest in bitcoin. It is matter of how they manage their investment in bitcoin, when they hold for more years ofcourse they will also get huge profit. So it is fairly enough the way they invest with bitcoin.
Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
Of course not! It is not infair. It is fair in their part since they encountered and first to trust in Bitcoin at its early days where everyone is doubting followed up by a huge fall in its price years ago but still continue to hold their bitcoins and believing in it. What we can get from it is that it really pays all of those times that they trust the system.
I dont get the point of this question. Why would bitcoin unfairly benefit early adopters? It is logical and fair that the people that have come into BTC business with their own money on the early stage of this cryptocurrency made a lot of money. They decided to invest in some innovation that can pretty much lose its value in really short time: at least that was the thing that people believed in for a long long time.
The exact same thing is about the stocks market, if you can find a good stock that is still not well known, then you can make huge money when it become more and more popular all over the world, it is about the timing and doing the correct decision.
The exact same thing is about the stocks market, if you can find a good stock that is still not well known, then you can make huge money when it become more and more popular all over the world, it is about the timing and doing the correct decision.
My opinion is that early adopters are rewarded for getting into Bitcoin before it was worth anything. They probably deserve any wealth that they have acquired. Not just with Bitcoin, but in anything that takes time to succeed, those that invest early will most likely receive the greatest reward.
But the rest of us can still make money if we work hard at investing and trading and if we make good decisions along the way. We can also get in early on some good altcoins and maybe we can reap the benefits as well.
But the rest of us can still make money if we work hard at investing and trading and if we make good decisions along the way. We can also get in early on some good altcoins and maybe we can reap the benefits as well.
Bitcoin doesn't unfairly benfit early adopters, I think if all of us are given a chance to start over again, those who had bought Bitcoin during it's early years would've still bought Bitcoin and those who waited to check if Bitcoin is legal, hackable or even profitable, will still wait, I think it will depend on our mind set on how we see things, if you think they are unfairly benefiting from Bitcoin, then the people after you have invested will think of the same with you, from what I see, it depends on the person how he can gain more profits and have a huge capital gain, but the benefits of Bitcoin is still there, it's still decentralized, it's still anonymous, it's still secure depending on how you keep it, just don't look at how many bitcoins another person has, look at yours and try to maximize the use of your bitcoin.s.
Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
I don't think that you can say that they unfairly benefited. Those early adopters are very similar to us today, we believed that bitcoin will go places and that holding it for the long term will give us benefits in the future.
The only difference is that they have seen something in bitcoin that a lot of us has doubted in the beginning. They saw that bitcoin is a good thing to buy, maybe for most of them as invested or other think that they can used it as online payment. But since they are resilient as bitcoin, they are now reaping the rewards. So for me, they are not unfairly benefit because of believing in bitcoin in those early days.
Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
I don't think so, we are both equally benefited today besides we are all doing our efforts to earn here. It's just that the value of bitcoin is on fire today, maybe because it is being recognized and some legalized it in their countries. Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
You have to know what's the definition of bitcoin. And as for the early adopters, they even don't have the idea that bitcoin will be growing up to the situation that it's price will be $6,000.
Early adopters did just a great job for investing bitcoin at a very early moment and we can be considered as early adopters by the next generation.
Wait for 3-5 years and they will also call you as one of those early adopters that was given unfairly benefit by bitcoin.
Basically, no it don't since they didn't know what would be the future of bitcoin when they first started into it. No one had a clue that it will grow like this.
Also, to think on other perspective, the most benefit comes to us late adopters cause without them (-early adopters) bitcoin would't reach its peak today. Without their support, it's possible that all will be nothing.
Also, to think on other perspective, the most benefit comes to us late adopters cause without them (-early adopters) bitcoin would't reach its peak today. Without their support, it's possible that all will be nothing.
Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
You can't that it is unfair because those early adopters and the patience of holding the bitcoins do not also expect that the bitcoins their working at their early years would reach its value as of today. I consider this fair because they take the risk not knowing what fate might come to bitcoins before so it is just a trade off to them.
Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
I dont agree with your point , their are users who have joined recently or some months back but are earning so nicely due to their effort and willing to earn more are earning so good that even early adopters have not done it. Only those who in early time have purchased bitcoin and forgot or thrown it thinking as dead investment and today their fortune is boomed due to that dead investment. Even their are users who were early adopters who sold their bitcoins when btc was $2000 - $2500 and today they are seeing the recent price
No unfairness there, early adopters had the guts to buy btc when it wasn't as popular as it is now, and they are rewarded for being first believers in what bitcoin represents. Many of us wish now to have a time machine and go back buy some while it was cheap compared to now.
Think about it this way: The early adopters of bitcoin that bothered to mine when it was WORTHLESS, yes, that's right, mining it when it was $0... they really cared about the technology and not the price. The people that put effort into developing this thing when it had 0 reward deserve the biggest reward now that it's growing into something big.
You can't expect some guy that hears about it 20 years later to have the same reward as the guy that coded, ran a node and mined it since the early stages, specially the people that said it's a scam but then regret not buying earlier.
This is simple: risk:reward ratio is always going to be there in any fair system.
You can't expect some guy that hears about it 20 years later to have the same reward as the guy that coded, ran a node and mined it since the early stages, specially the people that said it's a scam but then regret not buying earlier.
This is simple: risk:reward ratio is always going to be there in any fair system.
Without early adopters there would be no Bitcoin. It's easy to sit back and moan at their riches when everything looks healthy and strong. Back in the day it could've gone either way.
And the information was out there for anyone to discover. Anyone who isn't an early adopter only has themselves to blame. It wasn't being withheld.
It's also safe to say that most people who did have what is now a vast amount of wealth have probably lost it or sold too early. There'll be very few who sat around until now completely intact.
And the information was out there for anyone to discover. Anyone who isn't an early adopter only has themselves to blame. It wasn't being withheld.
It's also safe to say that most people who did have what is now a vast amount of wealth have probably lost it or sold too early. There'll be very few who sat around until now completely intact.
Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
You can only blame yourself for not trusting bitcoin at the early stages like they did but here is the thing, If you buy now, wait a few years until we get mass adoption, you will be considered as an early adopter as well.
Definitely not. They had the guts to take risk and invest in something very peculiar during the early days of bitcoin. Whatever profit they gained is a very well deserved reward for that. And if you are just new to bitcoin, take it as a proof that investing im bitcoin really is profitable, that would be your benefit as a late adopter.
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