You are still very early | Bitcointalksearch.org

Asuspawer09

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Quote from: Z390 on May 13, 2023, 09:11:39 PM

1. Bitcoin total max supply is almost at 21milliion, why should I invest?
2. Bitcoin miners are not making more Bitcoin as they used to.
3. Bitcoin value is too high, I won't make enough gains investing in Bitcoin.

Before you nailed me to the wall for saying these, this aren't mine, they are shit talks I heard from people who believe that Bitcoin investment is too late, what advice do you have for them? Your contributions are welcome.

All I could tell such people is that, they should look at the bigger picture, we are still early than they think, how many people in the world are out of Bitcoin and Crypto? Not even 10% of the whole world population are in Crypto today, and the most effective reason for Bitcoin to keep growing is the adoption rate.

Like I keep telling people, with 0.1BTC in few more years you will be one of the Bitcoin OGs, all you need to do is HODL firmly.

Remember that some early Bitcoin adopters bought pizza with their Bitcoin, real scarcity rate and massive adoption is coming, don't stress yourself, just go for 0.1BTC.

Agree with that, there are only 21 million Bitcoin that are going to exist and the people who own Bitcoin are just a few as you said, and compared to the past year's bitcoin is already adapted to a lot of countries, and in my country, I remember it wasn't really promoted by a lot of platforms you could probably see it accepted on some small stores or gasoline station but it wasn't really popular compared to the day where even days are already promoting it, with that a lot of people starting to recognize bitcoin and cryptocurrency as well and I think it a good sign where the demand of it could easily rise.

Cryptocurrency ownership was just around 4-5% around the world you could imagine if it increases to 30% or 50% or something like that because is surely going to be scarce wanting to have a part of that 21 million. If that happened that demand is just going to rise, if the 21 million supply cannot keep up with that the market price of Bitcoin is going to skyrocket for sure, so it's still early to have a part of Bitcoin and start accumulating since bitcoin is still on adapting process.

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Quote from: timoshani on July 23, 2023, 04:21:31 PM

Quote from: ChiBitCTy on July 17, 2023, 12:27:34 PM

I think we will all still be very early for some time to come. There’s still far more people who may have heard or bitcoin but have absolutely no idea what it really is and how it works. I think over the course of time this will change (mainly as older more conservative/set in their way folks die off).

I have felt that I’m early for a long time, and still feel that way. How can you not?

In the crypto, the majority are late. And with Bitcoin, I personally met for the first time in 2014. And so far I have a feeling that I fell asleep, did not realize all the possibilities. Although I really believed in Bitcoin!!!

Cryptocurrency is still a very young industry. It can still be considered in its infancy because the cryptocurrency industry has not yet fully developed let alone being accepted by the government. The potential of cryptocurrency is still huge especially when institutions continuously get involved in cryptocurrency. I think it is less than 5% of the global institution that is into Bitcoin. Imagine if one day majority of these institution are deeply engaged with cryptocurrency activities.

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Quote from: timoshani on July 23, 2023, 04:21:31 PM

Quote from: ChiBitCTy on July 17, 2023, 12:27:34 PM

I think we will all still be very early for some time to come. There’s still far more people who may have heard or bitcoin but have absolutely no idea what it really is and how it works. I think over the course of time this will change (mainly as older more conservative/set in their way folks die off).

I have felt that I’m early for a long time, and still feel that way. How can you not?

In the crypto, the majority are late. And with Bitcoin, I personally met for the first time in 2014. And so far I have a feeling that I fell asleep, did not realize all the possibilities. Although I really believed in Bitcoin!!!

What could have been the reason for you falling asleep when you had the opportunity of coming across bitcoin as early as 2014 and also believed in it?

well, for me, I came across bitcoin I think around December 2015 and all through that month, I was busy searching, and learning all about it while also watching the price movement, in the first quota of 2016, I have already established trust in the cryptocurrency but then, there was a very big problem, I had no money to invest, i was working quite alright, but my monthly salary was very small, and being someone with a family, it was always impossible for me to have any money left to save after paying off all my monthly debts, so the only then for me to own some bitcoin was by faucets, that I did only it stopped paying, i managed to raise some money, bought a very small amount of bitcoin, and with that, I began learning how to trade on poloniex exchange, they were the biggest crypto exchange at the time.

Overall journey has been really interesting though, and even though we've been here for a few year now, we are still at the very early stage of this Bitcoin and crypto currency revolution, we are yet to see the one third quota of the best Bitcoin has to offer.

timoshani

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Quote from: ChiBitCTy on July 17, 2023, 12:27:34 PM

I think we will all still be very early for some time to come. There’s still far more people who may have heard or bitcoin but have absolutely no idea what it really is and how it works. I think over the course of time this will change (mainly as older more conservative/set in their way folks die off).

I have felt that I’m early for a long time, and still feel that way. How can you not?

In the crypto, the majority are late. And with Bitcoin, I personally met for the first time in 2014. And so far I have a feeling that I fell asleep, did not realize all the possibilities. Although I really believed in Bitcoin!!!

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Quote from: Z390 on May 13, 2023, 09:11:39 PM

1. Bitcoin total max supply is almost at 21milliion, why should I invest?
2. Bitcoin miners are not making more Bitcoin as they used to.
3. Bitcoin value is too high, I won't make enough gains investing in Bitcoin.

Before you nailed me to the wall for saying these, this aren't mine, they are shit talks I heard from people who believe that Bitcoin investment is too late,

Quote

what advice do you have for

them? Your contributions are welcome.

My advice in order:
1. Using a population of 8,000,000 - If everyone on Earth seeks to own 1 Bitcoin, only 1 of every 380.95 (8000000000 / 21000000) will be successful. Similarly, if everyone seeks to own 0.1 BTC ((8000000000 / 21000000) / 0.1) , only 1 of every 38 will be successful in that goal. Why not be wealthier (in BTC) than 1 than in 37 people around the globe by owning 0.1 BTC?
2. That's a good thing? Miners getting less Bitcoin = less Bitcoin entering supply = increased scarcity.
3. The value is only subject to what fiat currencies are worth against Bitcoin. Most fiat currencies are increasing their supply rampantly, which makes Bitcoin are better alternative.

Quote from: Z390 on May 13, 2023, 09:11:39 PM

All I could tell such people is that, they should look at the bigger picture, we are still early than they think, how many people in the world are out of Bitcoin and Crypto? Not even 10% of the whole world population are in Crypto today, and the most effective reason for Bitcoin to keep growing is the adoption rate.

Like I keep telling people, with 0.1BTC in few more years you will be one of the Bitcoin OGs, all you need to do is HODL firmly.

Remember that some early Bitcoin adopters bought pizza with their Bitcoin, real scarcity rate and massive adoption is coming, don't stress yourself, just go for 0.1BTC.

Maybe not an OG in a few years. Maybe after 10 years that might be considered the case, or 20 years. I don't think anyone who entered after 2020 could be considered an OG until at least they exist for half of the time that Bitcoin has existed...which by that logic, someone who entered in 2020 would only be considered an OG after 15 years, which is in 2035.

Creating potentially life changing wealth from owning 0.1BTC? That might be a more realistic goal over the next 5 - 10 years.

Dr.Bitcoin_Strange

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Quote from: Blitzboy on July 16, 2023, 05:26:01 AM

We learned the hard way that many cryptocurrencies are just hit-and-run operations that leave behind a trail of angry investors. Who wouldnt feel cheated if they woke up to find their hard-earned money had been wasted on something that no longer existed? However, I agree with you that people who are willing to gamble with altcoins should know what they are doing.

Some investors also become so unfortunate that they get decived to invest in altcoins based on their first interest in the crypto world, but after investing in Altcoins and not being favoured with them, you will see some of them having misconceptions about cryptocurrency; they might even think Bitcoin is inclusive. Just as you said, angry investors, yea, there are people who are really like that; they don't even get bothered to wake up and realise that their money disappeared as a result of a failed project, and it's probably because some of them already have Bitcoin that they are hoarding but only chose to dabble in Altcoins, hoping that one can profit them X1000 or more (big dream, right?). Perhaps someone was telling me that some investors got lucky with Doge Coin and the other few coins he mentioned, so he believes he can get lucky with anyone too.

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Quote from: Fivestar4everMVP on July 16, 2023, 05:59:13 PM

Bitcoin has been doing very well as an alternate currency to fiat, I believe that even going forward, it will continue to do very well, there is no need for it or any other cryptocurrency, or cryptocurrencies in general to take over and replace modern or our traditional currencies..

Even though I know and believe that high inflation is probably going to hit and destroy traditional currencies sooner than many of us think, i still will not wish or want it completely wiped out from the system, the availability of an option or options is always the best, and besides, when inflation is make fiat lose value, it will be to the advantage of bitcoin because many will have no choice but to turn to bitcoin as a hedge against such inflation, which will further increase the value of bitcoin.

And how soon will there be no fiat money left in the world? Are there any preliminary forecasts of such a moment? Very interesting to read about it if you answer me.
I believe that in this century such an event may well occur and there will be no other choice but to use the already ready and functioning system. That's when the price of Bitcoin will become much higher than the current values.
Someday the moment will come when I can safely wear this cap Grin

:

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Quote from: Z390 on May 13, 2023, 09:11:39 PM

1. Bitcoin total max supply is almost at 21milliion, why should I invest?
2. Bitcoin miners are not making more Bitcoin as they used to.
3. Bitcoin value is too high, I won't make enough gains investing in Bitcoin.

Before you nailed me to the wall for saying these, this aren't mine, they are shit talks I heard from people who believe that Bitcoin investment is too late, what advice do you have for them? Your contributions are welcome.

All I could tell such people is that, they should look at the bigger picture, we are still early than they think, how many people in the world are out of Bitcoin and Crypto? Not even 10% of the whole world population are in Crypto today, and the most effective reason for Bitcoin to keep growing is the adoption rate.

Like I keep telling people, with 0.1BTC in few more years you will be one of the Bitcoin OGs, all you need to do is HODL firmly.

Remember that some early Bitcoin adopters bought pizza with their Bitcoin, real scarcity rate and massive adoption is coming, don't stress yourself, just go for 0.1BTC.

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Quote from: Z390 on July 17, 2023, 03:48:35 AM

Quote from: wally_toins on July 16, 2023, 07:07:09 AM

Hello, everyone! Do u guys think that Bitcoin or cryptocurrency is going to replace modern currency? In a near future?

That answer will remain unknown for now, because I don't think the government will be that friendly with Bitcoin still, there will be a thin line between Bitcoin and Fiat/CBDC even if ETFs are approved or somehow the government leave Bitcoin be for it's people, if there comes a day where Decentralized currency is acceptable by the government I will be shocked.

Bitcoin was created to go against these people (Centralization and the Government) and they know it, that's why they don't want to see it prevail, yet they are doing all they can and it's still not working.

Bitcoin and Fiat will co-exist but the replacement of Fiat with Bitcoin is never going to come true.

Governments are getting a bit more "friendly" towards bitcoin, which can be seen from them not being friendly with some other stuff. Like things such as XRP and many other things are considered securities these days, and those companies are considered business and the token is considered securities and that means they are subjugated towards another law, and that means a lot more important things and should matter.

I am not saying that we shouldn't really be considering how we could change that, but at the very least we could fight towards making sure that bitcoin is not. Also even exchanges are getting attacked which means that Bitcoin not getting attacked is the proof we need that they are actually fine with bitcoin.

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Quote from: Z390 on May 13, 2023, 09:11:39 PM

1. Bitcoin total max supply is almost at 21milliion, why should I invest?
2. Bitcoin miners are not making more Bitcoin as they used to.
3. Bitcoin value is too high, I won't make enough gains investing in Bitcoin.

I rarely come across this kind of question until now. Most people who don't want to or don't want to invest in Bitcoin will say:
- I don't believe in Bitcoin because Bitcoin doesn't exist
- Bitcoin is a lie, because it is just a number and can be lost at any time
- Bitcoin is used for various kinds of global crimes
- Bitcoin is very high risk because the price is uncertain and can make someone lose suddenly become poor.
- Bitcoin price is very high, this is ridiculous and I don't have that much money to buy (even though we don't have to buy 1BTC)

And no matter how we explain it to that person, then all our words will not be considered. especially for people who close their eyes and hate Bitcoin, then any kind of explanation will be considered useless.

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Quote from: lizarder on July 16, 2023, 07:10:56 AM

Quote from: Z390 on May 13, 2023, 09:11:39 PM

Before you nailed me to the wall for saying these, this aren't mine, they are shit talks I heard from people who believe that Bitcoin investment is too late, what advice do you have for them? Your contributions are welcome.

I just want to highlight and start for your investment because it's never too late before you lose the opportunity to get involved in investing.

I very much agree on this because Bitcoin will hardly become the single currency, as governments must always have the possibility of being able to print money, or finance. They cannot take that risk with Bitcoin

ChiBitCTy

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I think we will all still be very early for some time to come. There’s still far more people who may have heard or bitcoin but have absolutely no idea what it really is and how it works. I think over the course of time this will change (mainly as older more conservative/set in their way folks die off).

I have felt that I’m early for a long time, and still feel that way. How can you not?

CryptocurencyKing

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Quote from: wally_toins on July 16, 2023, 07:07:09 AM

Hello, everyone! Do u guys think that Bitcoin or cryptocurrency is going to replace modern currency? In a near future?

Tha feels like a thread within a thread but, its far better than creating a new thread with very minute detail to carry this piece of information.

We live in a land bounded nation controlled by the government and fiat is its chief product. So long as we are going to have a government, there is always going to be a product they could sell out or manipulate to create the conditions they desire within the nation state.

This makes fiat an inevitable player within the government system as, thus cannot archive this control with cryptocurrency.
Fiat is always going to be a big player and the best cryptos could hope for is a coexistence.

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Quote from: Z390 on July 17, 2023, 03:48:35 AM

if there comes a day where Decentralized currency is acceptable by the government I will be shocked.

even though the government finally legalized Bitcoin as legal tender for all countries. I'm still not sure it will rival the popularity of using fiat. Bitcoin may be an alternative payment but not the only means of payment and replace Fiat. however I still want to wish it all to happen in almost all countries.

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Quote from: Ziskinberg on July 17, 2023, 05:17:12 AM

Quote from: harapan on July 16, 2023, 09:08:00 AM

Then there are people who believe it's too late for them to invest in Bitcoin. They feel they should have invested when 1BTC/$1k.
They fail to understand that there is no limit to how high Bitcoin can get to. It's was over $60k a couple of years ago, I bet there are people who felt it's too late for them, now it's about $30k. A time might come when it would be $100k and even then it won't be too late. It's never too late.
There's no such a thing as too late when it comes to Bitcoin. Feeling it's too late will only make you miss out on more opportunities that you would have taken advantage of.

Not too late but can't deny that we can compare those who buy Bitcoin when the price is just $100, $1,000, and then say, why I'd never know Bitcoin before. I understand how it appears in their mind but considering the fact that we still have the chance, our opportunity to earn is equal because we know that those who buy Bitcoin 10 years ago had already sold their Bitcoin which means that we are buying together now and tomorrow. Therefore, our chances are the same, well, it only differs on the amount we invested and how we manage it.

Bitcoin is a long-term investment, not a "get rich quick" scheme. Yes, its painful to consider those who got rich before everyone else. Of course, it's too late to change the past now. All we can do is take a big breath, square our shoulders, and make the most of the situation. This is really crypto-savvy, not just marketing jargon.

Bitcoin is still here and going strong despite widespread scepticism. We're not dealing with a penny stock here. Plenty of Bitcoins exist for everyone to use. Besides, who knows? Perhaps future generations will be envious of us. Consider the implications!

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Quote from: harapan on July 16, 2023, 09:08:00 AM

Then there are people who believe it's too late for them to invest in Bitcoin. They feel they should have invested when 1BTC/$1k.
They fail to understand that there is no limit to how high Bitcoin can get to. It's was over $60k a couple of years ago, I bet there are people who felt it's too late for them, now it's about $30k. A time might come when it would be $100k and even then it won't be too late. It's never too late.
There's no such a thing as too late when it comes to Bitcoin. Feeling it's too late will only make you miss out on more opportunities that you would have taken advantage of.

Not too late but can't deny that we can compare those who buy Bitcoin when the price is just $100, $1,000, and then say, why I'd never know Bitcoin before. I understand how it appears in their mind but considering the fact that we still have the chance, our opportunity to earn is equal because we know that those who buy Bitcoin 10 years ago had already sold their Bitcoin which means that we are buying together now and tomorrow. Therefore, our chances are the same, well, it only differs on the amount we invested and how we manage it.

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Quote from: wally_toins on July 16, 2023, 07:07:09 AM

Hello, everyone! Do u guys think that Bitcoin or cryptocurrency is going to replace modern currency? In a near future?

That answer will remain unknown for now, because I don't think the government will be that friendly with Bitcoin still, there will be a thin line between Bitcoin and Fiat/CBDC even if ETFs are approved or somehow the government leave Bitcoin be for it's people, if there comes a day where Decentralized currency is acceptable by the government I will be shocked.

Bitcoin was created to go against these people (Centralization and the Government) and they know it, that's why they don't want to see it prevail, yet they are doing all they can and it's still not working.

Bitcoin and Fiat will co-exist but the replacement of Fiat with Bitcoin is never going to come true.

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Quote from: Stella Mese on July 16, 2023, 08:36:00 PM

indeed the price of btc is now high in price and most people who don't know about btc will definitely choose to invest in altcoins that are still cheap, and end up getting big losses.

but for those who already know about bitcoin and have experience in btc, of course they will choose btc for their investment because investing in btc is still the safest.

If you compare the price of bitcoin to these early days, it is clear that its price is already very high, but if you look at its future potential, we are really still at a very early stage. But you are right, many newbies always think that btc is too high and no longer profitable for them so they look to altcoins.

I don't hate altcoins because it gives good returns, but finding a potential altcoin is not easy, and not everyone can afford it. Moreover, newbie lacks knowledge, and investing in altcoins is not suitable for them, they should start with bitcoin for safety, it can be said that this is a common mistake of newbies.

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indeed the price of btc is now high in price and most people who don't know about btc will definitely choose to invest in altcoins that are still cheap, and end up getting big losses.

but for those who already know about bitcoin and have experience in btc, of course they will choose btc for their investment because investing in btc is still the safest.

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Quote from: letteredhub on July 16, 2023, 11:46:24 AM

Quote from: wally_toins on July 16, 2023, 07:07:09 AM

Hello, everyone! Do u guys think that Bitcoin or cryptocurrency is going to replace modern currency? In a near future?

No bitcoin won't replace fiat currency it's only an alternative to the fiat for those persons that loves privacy, decentralization and wants to be fully in charge of their funds away from the centralized financial policies that to a large extent controls and oversees how people spend their money. Fiat currencyay have it's disadvantages but there's an all impotant aspect it covers and need not be replaced totally.

Even if fiat gets worse, bitcoin will never be able to replace it, as long as the government controls us, they won't let that happen. Moreover, not everything that becomes too free and unchecked is always good. What if people use bitcoin and ignore fiat? Many people will take advantage of it to evade taxes and launder money… the economy will lose control and lead to an inevitable collapse. Bitcoin should only be an alternative currency and choice for those who prefer privacy.

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