Yes or No? Doesn't Bitcoin unfairly benefit early adopters? - page 4.

Pendularin

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Quote from: tj4dmx on October 31, 2017, 10:23:51 AM

Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

I don't think so. Because the people who invested in bitcoin late, of course, they cannot earn the same amount of earnings of the old investors. It will only be the same if you invested big even if you invested late. Bitcoin does not unfairly give benefits to early adopters because it depends on you people if when did you start to invest in bitcoin. And it is not the bitcoin's fault if you earn lesser than the others.

messi1306

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Quote from: tj4dmx on October 31, 2017, 10:23:51 AM

Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

NO NO NO
It's an advantage for people who know how to invest smart. They dare invest in bitcoin. when bitcoin was born, I did not dare invest in bitcoin because I think bitcoin will die soon

nguli

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Quote from: tj4dmx on October 31, 2017, 10:23:51 AM

Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

no, I think bitcoin is more and very profitable if you can understand how real trading is.

wdnj

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Quote from: chelle5 on November 11, 2017, 12:12:19 PM

It is their fate to get that.Because of early time to join in bitcoin so they get the good opportunities.It is okay for me because they deserve it.

I think they deserved the benefit because at the early time no one was believing on bitcoin. Believing on bitcoin at that time was the biggest risk ever and they risked their money. In return bitcoin rewarded them with a very reasonable profit. They deserved the profit because believing on bitcoin was their biggest effort ever. Still people can get the same reward from bitcoin if someone make their right decision.

lienfaye

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Quote from: regan101 on November 19, 2017, 02:54:25 AM

Quote from: tj4dmx on October 31, 2017, 10:23:51 AM

Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

No. It’s only a matter of perfect timing as to when everyone starts in bitcoin. Everyone is given the same benefits but differ as to how they hardly worked on it. The more time you spend in bitcoin, the huge compensation you will receive

Agree, so if you are early investor and believe in the past that btc can success in the future you really deserves whatever you earned through it. Its not even unfair because they just reap what they sow, btc has same benefits for everyone who invest since it was first release and dont feel bad if you are not fortunate to know that because there is always opportunity to start investing with the current price.

regan101

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Quote from: tj4dmx on October 31, 2017, 10:23:51 AM

Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

No. It’s only a matter of perfect timing as to when everyone starts in bitcoin. Everyone is given the same benefits but differ as to how they hardly worked on it. The more time you spend in bitcoin, the huge compensation you will receive

1BTC EQUALS 1CAR

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What's unfair about that? Early adopters don't even know where this is heading before they bought it and they just believe in it. And there's a lot of ups and downs that has happened with bitcoin and some of them has already sold it so nothing is unfair about that.

marcbitcoins

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Quote from: tj4dmx on October 31, 2017, 10:23:51 AM

Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

No, because they are lucky that they bought bitcoin at very cheap price before at much less as $1 per bitcoin value and now they will sell it high. I just understand why this world unfairly because i don't see any unfriendly or any madness that bitcoin will give to the pioneering investors but only very fortunate for them.

China8888

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depends...

risk ad untested at first, they took a gamble. Depends when they cashed out and how often they flipped.

now its full of whales, and much harder due to costs of entry etc. But lots of upside potential still

SashaAbraham

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Unfairly... I think this term doesn't fit in that situation.
The situation with early adopters and super growth that bitcoin demonstrated us is just reality. No matter if somebody bought bitcoins in 2010-2011 because of belief in the technology, or somebody bought because he or she saw bitcoin as a cool speculation tool, or somybody bought just for fun and forget about it for 5 years. It just fact that they bought.
So my congratulations to that early adopters.

Bagaji

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Op, my answer is absolutely No because the benefit is perfectly fair for the early adaptors of Bitcoin and not the other way round. They were the serious risk takers that believe in the future of Bitcoin and crypto currency in general and without them we wouldn't have been where we are today in the crypto currency world.

JohnBitCo

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Quote from: ramsdaj28 on November 15, 2017, 07:40:11 AM

Quote from: tj4dmx on October 31, 2017, 10:23:51 AM

Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

It's not actually unfair. In fact, bitcoin is a fair network, imo. No one really expected that bitcoin will be reaching its $7,000-mark this year, not even Satoshi Nakamoto.Those who haven't invested in bitcoin when its price was still $1.00 way back in 2011 might feel disappointed, but for those who invested, this is the fruit of their investment.

I think, it's the people's trust which make a difference in bitcoin's fate, and it is safe to say that those people were the ones who actually benefited from bitcoin's success.

Also you can see this early adoption in another sense. If a person shows trust in bitcoin and invest in it in early days, how it will be unfair with the other person who thought in that early days that bitcoin will be a failure ?
It is absolutely not unfair for early adopters of bitcoin to get more benefit and those who invest late absolutely cant get bitcoins at such low price now.

Reid

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Quote from: davinchi on November 19, 2017, 02:16:30 AM

Quote from: buytheeffinD on November 11, 2017, 12:47:06 PM

Quote from: tj4dmx on October 31, 2017, 10:23:51 AM

Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

I wasnt early (ie no bias) and I say no that it does benefit them unfairly. I mean they take the blunt of the risk when this started out their hundreds or thousands of dollars could have turned into dust within a few weeks or months at the time so no I say that is crazy. They took the risk therefore the reward they get is also theirs. Imagine what you would have been saying if bitcoin busted "how could you buy useless online garbage money".

Those of you that says that Bitcoin is unfairly benefiting the early adopters, you should ask yourself, what if you are in their shoes and you’re among the first adopters, won’t you be happy that you did? So there is no need to be jealous of those who got lucky and adopted it earlier. So for me, I say No, Bitcoin is not benefiting early adopters unfairly, it is their effort, so they deserve it.

The patience they happened to absorb with all of the hike of bitcoin is really great.
If I were them I might have sold it even if it is just at the $1000 mark.
So i say no also.
They endured everything that happened and held their coins for a long time. It is only a good payment for those who survived it.

davinchi

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Quote from: buytheeffinD on November 11, 2017, 12:47:06 PM

Quote from: tj4dmx on October 31, 2017, 10:23:51 AM

Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

I wasnt early (ie no bias) and I say no that it does benefit them unfairly. I mean they take the blunt of the risk when this started out their hundreds or thousands of dollars could have turned into dust within a few weeks or months at the time so no I say that is crazy. They took the risk therefore the reward they get is also theirs. Imagine what you would have been saying if bitcoin busted "how could you buy useless online garbage money".

Those of you that says that Bitcoin is unfairly benefiting the early adopters, you should ask yourself, what if you are in their shoes and you’re among the first adopters, won’t you be happy that you did? So there is no need to be jealous of those who got lucky and adopted it earlier. So for me, I say No, Bitcoin is not benefiting early adopters unfairly, it is their effort, so they deserve it.

best ever

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No, not unfairly. Just remember the story about the American guy, who placed an advertisement about buying 2 pizzas for thousands of Bitcoins. It was in 2010. Since that time real fans of Bitcoin were mining, trading, investing BTC, they gave up even their jobs as they believed in BTC future. Their efforts and patience had to be awarded!

amla

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Bitcoins is nothing to do with early adopters,it is just crypto currency means if you invest in some digital trade in return it will benefit you .Actually it is the online trade or investment that makes you profitable.

Hasbro27

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in my opinion not so, because most who have and know about bitcoin from the beginning already many that have been sold since the first, maybe only a few who still keep it until now

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Quote from: BitcoinPanther on November 15, 2017, 04:15:53 PM

Quote from: Loveydovey04 on November 15, 2017, 03:48:00 PM

Quote from: tj4dmx on October 31, 2017, 10:23:51 AM

Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

I think it is still the same. The early investors had not instantly benefited on it easily, as time passed by the value increased several times so by keeping bitcoin for long it gave them this huge benefit. The early adopters as u said benefit less is because of the length of time as well. Maybe 4 years from now if they’ve invested now bitcoin will be 10x its price right now (assumption) then the result will still be the same.

True, early adopters had been selling and buying Bitcoin. There are lots of early adopters that sold out all their bitcoin since they thought that it is high enough to let go of 1 Bitcoin per 20 cents. Those who holds bitcoin and believe it should really benefit from the time of waiting, promoting and pushing bitcoin to every banner ads in the internet. We cannot expect late comers to have the same profit as early adopters.

Not all early adopters are rich as of now and same as you said some of them did able to sell off their stash on the ealiest time when they do see that they are already on profits the same on what we are doing now but the main advantage for them is that they are making transactions with the price of bitcoin is still low which would really differ when it comes to profitability and for those who hold upto now would really be deserve to get those huge profits.

Sithara007

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What is wrong with that?

It was the early adopters who took the risk of mining Bitcoins (with their own money) in 2010 and 2011, when the mainstream media channels were mocking Bitcoin as a ponzi scheme. It were these same people who popularized Bitcoin through blogs and social media. If they should not benefit out of Bitcoins, then who else should benefit from it?

KEPLER99

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Quote from: dermur on November 12, 2017, 03:29:02 AM

The reward scales with risk taken. Early adopters always have more risk, hence it makes sense they get more reward. Just look at all the ICO participants–high risk as many of them don't last, but if one becomes a major player then they get an outsized reward for that risk.

The early adopters of the bitcoins are getting advantage form it at ah higher scale than those who had recently adopted the use of this digital asset. This is because they have passed through a lot many phases of high risk and hence they are the ones who deserve to get the most out of it.

All one needs to get to this level is nothing but a constant belief if the use of cryptocurrencies and do not let them be sold in the time of. This gradual prices eventually lead to the success of a person in the long run but wait and patience are the basic factors behind success through this method.

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