Topic: You are still very early - page 4. (Read 1026 times)

lots of people say that investing in btc is too late and will only make people who invest in btc first become big profits,
and lots of people say that, and in the end they invest in altcoins which are cheap and have a large supply, and after they invest they end up losing because the price of the altcoin has fallen very deeply.

but I'm sure that someday people will also realize how risky investing in altcoins is because investing in altcoins is high risk, and eventually they will choose btc as an option for their investment.

Sometimes I look at this kind of questions like: is it too late to invest in bitcoin? So I keep asking myself, how do they manage to arrive at this kind of thinking. honestly it makes no sense, for example, before I was born, gold already existed, people bought gold, and after more than 30 years they are still buying gold, and the same thing will happen with bitcoin and it seems that certain people do it on purpose not wanting to see this. the fact that they saw the price at less than 100$ and it reached above 60,000$ makes people so greedy that they think that bitcoin has become a lottery ticket in which they will buy today and tomorrow they will have a 1000% profit

and that's why people keep talking nonsense about how it's late to buy bitcoin, they don't wonder how many investments give 30% profits per year, the irony of these people is that they invest in gold and savings account in banks and can't make 30% profit a year, but they keep complaining about bitcoin, this is simply something that makes no sense, they have to stop looking at 2x or 10x profits, having 40% profit is already a lot, until a few months ago the price of bitcoin was in the 15000$ and in the last few weeks it reached 30,000$ so it's a 2x profit that even gold can't give in 1 year and who knows how many years it would take to give. yet people complain

0.1BTC isnt something hard to accumulate imho but well we do know that not all people in other parts of the world does have that kind of capacity on accumulating even a fraction which it is really that sad.

How you do consider out on saving or accumulating just 0.1? What would be its price when 99% of the population would really know about its existence? Well, i do agree into that point that its never been too late,
but there would really be that people who would really be minding or preferring on getting multiple returns of their investment on a short time and without needing to hold up for how many years.
This isnt really a shocking thing and even myself would really be having considerations on making investment on altcoin too.

Well, this is a matter of preference since not all would really be that having on the same perception and same mindset when it comes to this matter. You are the ones who would
really be the one will really make out decisions which you would see whether it would really be that being positive on near future or not.

I don't think about it so much when people don't gollow in on my advises when it gives to cryptocurrency or taking up some crypto investments. Of course it's always up to them what to do with there funds less, you become an object of there problems. Every bad decision on there crypto journey would suddenly revolve about you and there is a very little way to defend yourself with someone that doesn't understands.

It's easy to say it's over or too late when the funds are already looking unaffordable but, that doesn't mean too late. Certainly not for bitcoin as the coin has just a decade on it and its minnh days aren't done just yet.
What most users would like to do is DCA and be proud when it becomes common.

No matter how we explain them, these people will still claim the opposite and couldn't agree with what we tell them. Because what is really in their mind is full of negativity and doubts, we can't influence their minds unless they will change it.
Perhaps, proper education could really help these people to understand how this works but I say that it was a big challenge on their mind on how to change them. But for me, I should not render time with this kind of people who are not willing to change and take advice from me.

For my perspective, it is never too late to purchase Bitcoin despite the current price is high comparing to previous years specifically from 2009 to 2017. Unfortunately, people always hesitant in taking decisions and afraid especially when it comes to anything related to investment, they end up criticizing themselves for the  decisions have not taken before. In fact, Bitcoin is still progressing and providing us a short way to  reach financial stability and it could help to change our lives in an excellent manner. In addition to that, I encourage new investors to start DCA method, it is really an effective strategy to guarantee a profit with less risk but in long term.

Do not pressure yourself trying to invest big like greedy investors did. Start with small investment first as the market is still young and too early before it matures. And know that no one’s late in crypto investment, as long as you invest in potential coins like bitcoin. And from there, just trust the process and invest for long term. That’s a good start for you so you will still be in profits while not putting pressures on yourself.

That’s the sad reality why most people refuse to invest in bitcoin because it’s highly volatile but easily jump into shitcoins hoping they can get rich overnight. Yes, some have experienced that but that does not mean that the rest will have the same fate with them. Gone are the days where shitcoins and meme coins are highly profitable in the market, now a lot of them have end up as dead coins. But if they will start to trust bitcoin, it won’t be a get rich quick but rest assured that their investment won’t end as zero value as long as they’ll invest for long term.

Well, don't sound as if 0.1BTC is not already alot of money and one most individuals can't afford, most especially the less privileged people amongst us..
I tried to find out how much 0.1Btc is worth in my local currency here in Nigeria, and I discovered that the said amount of bitcoin is worth over 2 million naira in bitcoin's current price and exchange rate, to be precise, it's 2 million, 731 thousand naira, any Nigerian seeing this knows and would agree with me that that's a lot of money, and it's an amount the average masses can't afford.

This is not to counter or disagree with your general opinion On whether it's too late to invest in bitcoin or not, but this is just let you know that even the 0.1 bitcoin you referenced in your post can't be afforded by many.

They obviously lack knowledge and research abilities, and talking sense to such people is near impossible since no matter how much you chant about something, they will still do what they want at the end and all that you say and do to make them understand a point is simply a waste of your own time and efforts, so it's better to leave such people alone and let them experience it themselves.

When Bitcoin was at $500 per unit, people used to think and say the same thing that they are late and they won't make any gains anymore, the same was the case when it reached $3k and then $10k, so there will basically always be such people out there, let them be.

the total supply of btc is only 21000000, and with this limited btc supply, many people are interested in investing in btc because many predict that the price of btc in the future will be more expensive.

but in my opinion we should not force other people to invest in btc, because in this case it is each individual's right, so in my opinion let those who don't want to invest in btc, because we have no right to prohibit and regulate other people.

besides that we won't know for sure whether btc in the future the price will be high, or not.

but I personally am a btc investor who is still a beginner trying to think positively and I believe in investing
in btc will have the potential to get big profits on condition that you have to be strong for the long term.

That's through realistic, the early the better investing in Bitcoin, because the total supply is very small, compared when a nation officially accept payment as a means of payment in the country, which is going to be scarce and talk of the world, because Bitcoin price journey has not skyrocket, as few Bitcoin investors predicted.

Why not? Everyone can afford it if they want to buy it. Not only can you buy 1 bitcoin, but there's still a lot more units you can consider than just 1 bitcoin if you want do it. I mean, if you can't buy 1 bitcoin because you don't have big budget, then try to buy few mBTC or maybe a few sat. That makes sense instead of saying not everyone can afford it.

Based on current prices, 1 bitcoin = $27,428, while 1 mBTC = $27.42. In fact you can still buy half mBTC or maybe a quarter of it for $6.85. So don't say not everyone can afford it when the price of 1 mBTC is even lower than your electricity bill, vehicle tax or other monthly bill.

I really said somthing of this nature when I was a newbie in this topic No late commer in Cryptocurrency. But on seeing this topic and having gained more knowledge. I can still maintain that there are no late commers in cryptocurrency but I will state that anyone joining now onwards are not very early. I mean the early bitcoin adopters are the earliest people are the early people.

It's a very good idea to take advise from people especially those who are professionals in such field, bitcoin is not a day learning experience that you got to know everything at once, it's a continuous and constant commitment which you must be subjected to by improving yourself, also while going through this learning process, you have to have a clear understanding of those who are giving you orientation on investing on bitcoin, are they reliable?

Are they not after you investing on bitcoin through them, aren't they crypto influencers or exchanges, because for someone to have a delebrate interest in you investing through them, they most have gotten some hidden agenda, but if leaning how to independently invest on bitcoin is all you're in for, then it's a good idea to learn and invest today other to have what to smile on tomorrow.

The addresses that own 1 bitcoin have reached the value of 1 million, which is a lot, but on the other hand, for a planet with a population of more than 7 billion, this is not such a big number. If this trend continues and more and more people want to own bitcoin, this will increase the demand for bitcoin and, of course, lead to its rise in price.

Is it still a good time to buy bitcoin? I think yes. I am looking forward to the next bull run to see how much bitcoin can rise in the near future. There is an opinion that growth may be less than it was in previous cycles, if so, then this will indicate that the cycles will lead to a decrease in volatility and in the future we will get a more stable asset.

Tell them they don't have to worry about miners making less money, they should be worried about how they can make money from investing in Bitcoin. We're almost closed to the total supply but it'll take more than another 100years and more for miners to finish miming all bitcoin that can ever exist therefore we still have more years to profit and that's why they should invest.

Bitcoin value isn't too high, everybody can afford buying Bitcoin. Not everyone will have to own one Bitcoin and you shouldn't wait until you can afford one before you start investing in Bitcoin. If you wait you might miss the opportunity to be among the next Bitcoin gainers.

I just also noticed that they had already missed the train. I think I can't blame those other people who say they are late because their mindset was about comparing the price before and they weren't looking at the current price. Let's say if they invested 5 years ago, they would have already gained more profit than investing now. The point is that they are seeing how they can get more profit, which they missed out on because of the current opportunity.

Sticking to bitcoin is easier said than done for the freshmen in the cryptoverse!

There is just something about us humans that tends to lean  towards quantity over quality when making such an investment decisions . And with so many cheap coins there , quantity of coins plays a major role when choosing  your perfect coin because its not only about price bit potential of how much you can gain should price go up a thousand percent..

The secret sauce to this equation is having demand and at the moment it hasn't reached to that level to push price up and while supply is limited crypto users need to know  that bitcoins value has not yet reached  its full potential.

[quote author=Z390 link=topic=5452652.msg62240965#msg62240965 date=1684030299

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.
[/quote]
On May 22, 2010, a gentleman who bought only two pizzas for 10,000 bitcoins would he have made such a mistake if he knew that the market value of his 10,000 bitcoins would be $28,000,000 today? That is, when we need that thing, we spend that thing. The price of Bitcoin may change a lot in a few years from where it is now. 

Suppose you buy a car now with three BTC, after 10 to 12 years when you see that you can buy 100 cars with that amount of BTC, will you regret like the person who bought this pizza? So I want to say you can trust bitcoin this bitcoin can change your life.