Pages:
Author

Topic: You are still very early - page 5. (Read 1026 times)

jr. member
Activity: 47
Merit: 2
May 15, 2023, 01:56:47 AM
#69
"Re: You are still very early "

95% of supply is mined dood, you are late.
sr. member
Activity: 952
Merit: 275
May 15, 2023, 01:52:27 AM
#68
I hope they listen, 10 years from this time a 0.1BTC will be impossible to buy for average income earners just like how it's very hard to have 1 BTC right now, by the time when 1 Bitcoin costs 150k you will see how hard things will get, even 0.01BTC will be too costly to buy, this is why I believe that the opportunity of buying Bitcoin in a bear market won't stay forever, maybe in 2028 we will be advising people to buy at least 0.02BTC for long term hold, the chance that this will be the case is 97%, it's really never too late to become a Bitcoin OG like OP stated.

Accumulation phase is still very low compare to what could happen in future, if 500k new crypto investors come to accumulate some Bitcoin you will see how crazy it could get, the trick here is never adoption rate, I read online a day ago that Bitcoin wallet addresses that have Bitcoin in them have exceeded 1 million Bitcoin wallet, that's a history in the making.
legendary
Activity: 1974
Merit: 1108
Free Free Palestine
May 15, 2023, 01:39:36 AM
#67
To say the least, I choose to invest in bitcoin as an asset like gold. Because, over the past decade, bitcoin still exists and its potential for development is still there, the liquidity in the market has also gradually started to become more stable than before. So choosing it as an accumulative asset is a good thing. If you want to make money faster in this market, I think it is reasonable to switch to altcoins because the push of the fish can make a coin x10 x20 and reach the top 500 coin markets easily.
Right now, it's better to focus on Bitcoin first. Bitcoin is like the benchmark and reference point for all other cryptocurrencies out there.

Although some altcoins can bring in huge profits, many of them are still questionable. It's not really a benefit to ditch Bitcoin for altcoins just because they have the potential to make more money. The truth is, fundamentally speaking, altcoins are not better than Bitcoin.

You must have noticed, haven't you? Many altcoins come and go, which proves that they still can't compare to Bitcoin in terms of significance.





We don't need to give up bitcoin entirely and switch to altcoins, but to maximize profits, we can allocate a small portion of capital to altcoins.  why do we always stubbornly only invest in bitcoin when many altcoins are offering better returns?  it's like when we curse billionaires like warren buffett or Bill Gates, who don't know anything about bitcoin and they are only loyal to gold and real estate.  No one said altcoins are better than bitcoin in terms of technology, but do we invest for profit or for technology? There is no denying that altcoins offer better returns.
In terms of technology, they are all the same. On the other hand, there are people who only invest in Bitcoin simply because they want to lessen the risk of losing because of the idea that the market price of Bitcoin is less likely to fall in an instant and as deep as worse expected. Indeed it would be better to diversify investment but to some, diversifying would mean bigger risk. Since we have different viewpoints in this industry, and all having the same chances of not getting an assured return from what we have invested, then that is I guess, not wrong.


How can you assume that the technology of bitcoin and allcoins is the same? They are completely different, have you ever heard of the bitcoin blockchain getting hacked? But for altcoins, there are no altcoins that haven't been hacked yet, bitcoin's blockchain technology is much more secure than altcoins.
Furthermore, investing in atlcoins should not be considered a diversification because the market is completely dependent on bitcoin. If bitcoin crashes, the crypto industry will collapse with it, so investing in altcoins is just a way to make a quick buck, not a guarantee to mitigate risk.
sr. member
Activity: 882
Merit: 215
#SWGT CERTIK Audited
May 15, 2023, 01:05:28 AM
#66
No matter how high or low the price of Bitcoin is, not everyone can afford to buy it. But there is no doubt that Bitcoin has a near future and its value will increase more than the present. If you look at the history of Bitcoin, you will clearly understand where Bitcoin has been in the past and what it has reached now. If you are thinking of investing, be sure to do your research and find the right analysis. Out of the 21 million total supply that is on the market and being mined, it will eventually run out and even a small fraction of Bitcoins will be hard to come by. However experts have researched that Bitcoin time will reach a point when people will be most attracted to Bitcoin. As many investors as there are in the world will hold in Bitcoin and Bitcoin will be known as a popular asset of people. So Bitcoin investment should be held for a long time then there will be efforts to fulfill the dream of future life.

As you said referring to conditions. For now, the world's population investing in cryptocurrencies is growing in demand. This suggests that adoption continues to grow, as does the demand for Bitcoin, potentially increasing its value going forward. There is no limit to the value that can be invested even with a small amount even though the price is said to be high. The thing to note here if one is trading, don't go against the mainstream and always look where the market is going and this is the right time to take off.
hero member
Activity: 1778
Merit: 746
May 15, 2023, 12:56:24 AM
#65
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.
You know the maximum supply of bitcoin and people must also know that as an effort to convince them when everything is successful in the mine, Bitcoin will experience scarcity and this relationship places Bitcoin at a high selling price. Hold is one step that can be taken by people to produce big profits, but to make this more perfect people must also be able to take the chance to buy.

The scarcity will bring irreplaceable bitcoin in the Crypto room and I believe this relationship will affect the strength of Bitcoin going forward when everything ends at the mine. The question is whether we are in the right condition in holding Bitcoin or have not yet taken an approach for him.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
May 15, 2023, 12:35:10 AM
#64
You know what, people seldom listen to "good" advice, because greed will cloud their normal judgement...

I told some friends and family about Bitcoin a few years ago, after I proven to them that "Bitcoin" was not a scam. They showed interest and then they did some of their own research. This is where it gets tricky, because Alt coin supporters are creating a false "Gold Rush" with promises of huge profits with early Alt coin adoption and people are falling for that.

Yes, Bitcoin might be around for the longest time, but that in it self is showing you that it is not a shitcoin and it will not just be hyped and gone the next day.  Wink
sr. member
Activity: 700
Merit: 380
🎗️🍁🎭
May 14, 2023, 11:07:15 PM
#63
No matter how high or low the price of Bitcoin is, not everyone can afford to buy it. But there is no doubt that Bitcoin has a near future and its value will increase more than the present. If you look at the history of Bitcoin, you will clearly understand where Bitcoin has been in the past and what it has reached now. If you are thinking of investing, be sure to do your research and find the right analysis. Out of the 21 million total supply that is on the market and being mined, it will eventually run out and even a small fraction of Bitcoins will be hard to come by. However experts have researched that Bitcoin time will reach a point when people will be most attracted to Bitcoin. As many investors as there are in the world will hold in Bitcoin and Bitcoin will be known as a popular asset of people. So Bitcoin investment should be held for a long time then there will be efforts to fulfill the dream of future life.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
May 14, 2023, 06:49:23 PM
#62
To say the least, I choose to invest in bitcoin as an asset like gold. Because, over the past decade, bitcoin still exists and its potential for development is still there, the liquidity in the market has also gradually started to become more stable than before. So choosing it as an accumulative asset is a good thing. If you want to make money faster in this market, I think it is reasonable to switch to altcoins because the push of the fish can make a coin x10 x20 and reach the top 500 coin markets easily.
Right now, it's better to focus on Bitcoin first. Bitcoin is like the benchmark and reference point for all other cryptocurrencies out there.

Although some altcoins can bring in huge profits, many of them are still questionable. It's not really a benefit to ditch Bitcoin for altcoins just because they have the potential to make more money. The truth is, fundamentally speaking, altcoins are not better than Bitcoin.

You must have noticed, haven't you? Many altcoins come and go, which proves that they still can't compare to Bitcoin in terms of significance.





We don't need to give up bitcoin entirely and switch to altcoins, but to maximize profits, we can allocate a small portion of capital to altcoins.  why do we always stubbornly only invest in bitcoin when many altcoins are offering better returns?  it's like when we curse billionaires like warren buffett or Bill Gates, who don't know anything about bitcoin and they are only loyal to gold and real estate.  No one said altcoins are better than bitcoin in terms of technology, but do we invest for profit or for technology? There is no denying that altcoins offer better returns.
In terms of technology, they are all the same. On the other hand, there are people who only invest in Bitcoin simply because they want to lessen the risk of losing because of the idea that the market price of Bitcoin is less likely to fall in an instant and as deep as worse expected. Indeed it would be better to diversify investment but to some, diversifying would mean bigger risk. Since we have different viewpoints in this industry, and all having the same chances of not getting an assured return from what we have invested, then that is I guess, not wrong.

As Op have pointed out, there's still a long way. By the rule and relationship of demand and supply, the price is meant to increase with sky as the limit but that is only if, the demand would be continuously increasing as well in the future. Indeed it is still early and not too late for those who wants to but atleast find that price point where you would be confident no matter how the market behave.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
May 14, 2023, 06:46:29 PM
#61
To be fair most of people are looking to get rich quick by flipping their coin, that's why they're prefer to gamble on shitcoins rather than looking for the safest long term investment e.g. Bitcoin. There's always a person who can make money through shitcoins, but it's just like picking a needle in the haystacks, the chance is very low.
You can't genuinely say you blame them, can you? Pre-2017, and even in 2017, so many people got that lucky and made piles of money from investing in alts than they did in Bitcoin. Virtually every altcoin mooned in late 2017 to the first quarters of 2018 before so many of them crashed to death. That was my first experience and I saw first hand what a bull rally was like. I got deceived thinking every altcoin was worth investing in and that hit me very hard later. I lost money like many greenhorns then. Many of us learnt that lesson and moved on. Bitcoin remains the surest long term investment. It's slow and steady with less risk than altcoin investments.
newbie
Activity: 12
Merit: 1
May 14, 2023, 06:41:52 PM
#60
Yep, we are still early right now.  I think what a lot of people don't understand is that it doesn't matter what price you purchase bitcoin.  The point is to accumulate.  Never sell, as it'll replace your fiat.  Stay away from shitcoins.

And the real fun starts when we stop talking in terms of having .10 of a bitcoin, and when we start talking about satoshis.  A good goal might be 1 million satoshis or 10 million satoshis.  The point is just to accumulate this gift we've been given, to fight central banking.  There are plenty of us old guys (I'm old, hah) tired of playing against the central banks cartel, and this gives us an opportunity to 'opt out'.
sr. member
Activity: 728
Merit: 421
May 14, 2023, 06:40:54 PM
#59
Accordingly, it is true that bitcoin supply is nearly 21,000,000 which makes it a scarce commodity to the teaming population of over six billion in the world. Out of this total number in population just 99.99% of them are yet to get the awarenes and possibly adopt the bitcoin in their various localities.  Just reason a situation like this at this stage you are holding at this price and when the whole world decides to go the bitcoin way meaning that any little fractions of bitcoin would mean a lot compared to now. This should tell you clear that we are still in he early stage and as such still early adopters of bitcoin.

Lastly, bitcoin price is currently low compared to the last all time high last year. At this price, one with clear vision about bitcoin could say this price to be be cheap as it is now compared to the price it was previously. Any one who has seen the clear vision of global adoption and plans of long term holding should know that at this price, one can get a good volume while holding it for the long awaited bull run and possibly massive adoption. Then, you would see the beauty and value of what you have been holding for such a long term.
hero member
Activity: 2086
Merit: 513
DGbet.fun - Crypto Sportsbook
May 14, 2023, 06:23:10 PM
#58
To say the least, I choose to invest in bitcoin as an asset like gold. Because, over the past decade, bitcoin still exists and its potential for development is still there, the liquidity in the market has also gradually started to become more stable than before. So choosing it as an accumulative asset is a good thing. If you want to make money faster in this market, I think it is reasonable to switch to altcoins because the push of the fish can make a coin x10 x20 and reach the top 500 coin markets easily.
Right now, it's better to focus on Bitcoin first. Bitcoin is like the benchmark and reference point for all other cryptocurrencies out there.

Although some altcoins can bring in huge profits, many of them are still questionable. It's not really a benefit to ditch Bitcoin for altcoins just because they have the potential to make more money. The truth is, fundamentally speaking, altcoins are not better than Bitcoin.

You must have noticed, haven't you? Many altcoins come and go, which proves that they still can't compare to Bitcoin in terms of significance.





We don't need to give up bitcoin entirely and switch to altcoins, but to maximize profits, we can allocate a small portion of capital to altcoins.  why do we always stubbornly only invest in bitcoin when many altcoins are offering better returns?  it's like when we curse billionaires like warren buffett or Bill Gates, who don't know anything about bitcoin and they are only loyal to gold and real estate.  No one said altcoins are better than bitcoin in terms of technology, but do we invest for profit or for technology? There is no denying that altcoins offer better returns.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
May 14, 2023, 06:19:03 PM
#57
But you won't blame anyone for thinking that satoshi plan was making bitcoin as a means of investment because the rate at which the financial sector has failed so many people and the high of inflation has taken this view to a great height because over the years people have been searching and still searching for an investment means that will prove to be efficient when it comes to saving your money as banks having to be very unreliable when its faced with the kind of tasks.

Sure, I'm not blaming anyone at all, but what happened is that the ideology that Bitcoin has made a lot of people millionaires and billionaires is the reason why people are now feeling that it's only for investment purposes. It's not as if they should not invest if they want to, but at least they should not only have the thought that Bitcoin is a bad investment if it fails to give them the desired result they want. The best thing to do is do concrete research about something when you truly want to put your money into it. For me, I was not into Bitcoin from the start, but in 2020, during the pandemic, the price of Bitcoin crashed quite a lot, which prompted me to research the historic price, and I got to find out that in 2011, the price of Bitcoin even fell by -99%, and a lot of people thought it was going to crash. In 2015 too, there was some FUD, where some people said that Bitcoin was dead, but today we still have Bitcoin on the market. So, whoever has read and learned about all the price changes in Bitcoin would not even be too concerned but rather would only be more cautious of how much they are willing to invest, how long they want to hold, and at what price they would want to sell, keeping their hope alive for what the future holds for Bitcoin investors.
legendary
Activity: 2646
Merit: 1106
DGbet.fun - Crypto Sportsbook
May 14, 2023, 06:16:01 PM
#56
Once people used to get good chance to earn bitcoin from faucets and other giveaway. Now those have got limited, which means the choice of receiving bitcoin rewards have decreased whereas the possibility to make investment and buy bitcoin have increased. Even now we aren't late for what is being mentioned in the opening post. Ir is all about the perception and the acceptance of how we take it forward. If we find the growth have achieved its peak and not gonna profit then its our wrong calculation. We need to understand the market and know the reality through the growth charts. Major thing, we should have the belief, shouldn't get into the market for the sake of someone else.
full member
Activity: 756
Merit: 133
- hello doctor who box
May 14, 2023, 06:08:11 PM
#55
Miners not getting bitcoin like they used to get before but the amount of bitcoin they are getting now is also not bad. Investing in bitcoin and mining bitcoin is two different thing.
Shitt talkers will always find a way to mock bitcoin investors and will discourage people to invest in bitcoin but who cares people with knowledge will always believe in bitcoin.
hero member
Activity: 1498
Merit: 711
Enjoy 500% bonus + 70 FS
May 14, 2023, 05:53:45 PM
#54
1. Why not? That's why I had to buy it, the rarer the better.
2. Depending on the mining machine power used.
3. But it's safer than buying cheap shitcoin with the risk losing my money.
The advice op rendered can be taken by someone who doesn't know bitcoin for long time, I believe that bitcoin is far courageous or better than some of the altcoins that doesn't have a good reputation, some of the altcoins die on the process bearish market, so therefore I believe that bitcoin have to deals with potential and reputation, its more better you have to purchase bitcoin with its high fee than bitcoin, so many people has taken bitcoin as a preferable choice before bitcoin, so therefore bitcoin is the best to invest with in cryptocurrency, someone who is going directly to altcoins investment should known the potentials of the altcoins because it's obvious that anything can happen.
legendary
Activity: 2716
Merit: 1859
Rollbit.com | #1 Solana Casino
May 14, 2023, 05:32:50 PM
#53
3. Bitcoin value is too high, I won't make enough gains investing in Bitcoin.
This is the reason and limitation that people have put on themselves and the one that I hear the most from people about why they have not invested in bitcoins. Even due to this reason, some people have chosen to invest in altcoins heavily especially the new ones, they end up being victims of pump and dump scheme.

Those who do that just want quick profits, and they say that if with bitcoin they will get it for a long time so they are more interested in altcoins.

Whereas Bitcoin is the best scheme for big profits in the long run and if it continues to be consistent it will be greater than altcoins.

Just one guideline, Bitcoin is the king of all altcoins and altcoins will continue to follow Bitcoin.
If there is still something bigger why choose altcoins that are still very much affected by bitcoin?

Pump and dump schemes will occur on trash altcoins that will only be left behind.
Only a few altcoins that I think are recommended.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
May 14, 2023, 04:34:56 PM
#52
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.
I prefer to not tell anything to those people and my reasoning is that they are simply not ready to invest in this market, so if I were to try to argue against those kind of points there are only two things which could happen, they could either ignore my arguments, in which case I just wasted my time, or they could actually listen to me, change their mind and invest in bitcoin, now the latter scenario may seem like a good thing, but it is not, and that is because it is likely they will freak out when the price of bitcoin goes down or the fees go up and then they could take a dumb decision and lose their money.
full member
Activity: 1582
Merit: 132
BK8 - Most Trusted Gambling Platform
May 14, 2023, 04:34:01 PM
#51
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.
1. Of we can get earlier for big worth, why not hehe
2. Really?
3. No need to in est 1BTV, invest the amount you can afford. Never push you too high out of your own ability to afford.

This is what I will say to that kond of questions.

legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
May 14, 2023, 04:11:29 PM
#50
As long as bitcoin has not reach its apex, then there is still more to gain in the nearest future, irrespective of any short comings

This should be the most important thing to consider.  As long as Bitcoin had not reached its peak, it isn't late to participate because once it reached it, there is no other way for the Bitcoin market but to go down.

I still think we are far from this scenario so even though it is more than 90% of the Bitcoin supply had been mined, the people who are into it are still a small percentage of the total population.  We are still in the early phase of the Bitcoin economic journey and there are still lots of benefits and profits to gain from participating right now.
Pages:
Jump to: