Topic: You are still very early - page 7. (Read 1026 times)

It is never too late to invest, let alone invest in Bitcoin, although the supply is limited but rest assured there are surprises that will continue to occur, and only some people respond like this and I am very sure for those who have long known the crypto world such words will be laughed at by them, because those who have known crypto for a long time know that a lot of history has happened until now there is regret until now for underestimating Bitcoin too much, If you want to change your life then never hear such words.

        I am not agreed with the reason of that and also not is a part of that one. Charm of trading always present in the market, nut it totally depend on to the trader that how he paly. Although on the move, the BITCOIN is on its peak, but not too and the game is onto the shoulders of investor whom they pay their attention towards the Bitcoin.

       Rather than that of Bitcoin, one can explore other launch pads of exchanges regarding his capital/ investment. Instead of trading in one coin, you may take step a head and make detailed analysis of other small coins. pay your attention and make your self be positive with your passion towards crypto currencys, digital currencies and E-commerce always plays important role .

We're never late, its just like in the past, 2016, not everyone would believe bitcoin will hit an ath upto 60k in 2021. It's always a huge opportunity to hodl bitcoin any moment we found it. Just like a reddit user explained on his post, if bitcoin can reach 40k, 30k, or even 60k from a starting price of 0$ what kind of ATH do we expect when it shoots from 20k. The price increase of bitcoin is just beginning and I have confirmed that it'll definitely skyrocket again and people who didn't trust it now would regret not buying at 20k. Most people end up buying when the price is high and run away when it plunges down again. They keep counting themselves unlucky, while Fud is eating dip into their minds.

How many people in the world are interested in bitcoin? How many people want to invest in Bitcoin? We don't know these answers for sure, but one thing we do know is that the number of people investing in bitcoin is increasing day by day. When the time comes, many people around the world will find their place in the bitcoin system. I agree with what you said about HODL. Just go for 0.1BTC.

Joining early does not mean you gain profit or success. Like people who bought bitcoins in 2013 or 2017, not all of them sold their bitcoins at all time high or at least peak range in those bull run.

They joined early but they could sell their bitcoins at cheap price too or worse they got forced liquidations if they used margin, leverages for trading.

So joining time is important but not decisive and result you get will be a combination of many factors.

With Bitcoin, a most successful way is dollar cost averaging DCA: https://dcabtc.com/. With this approach you will have less headache, less effects from emotion, psychology and avoid loss by trading (spot, leverage, future).

The unfortunate reality is that some people believe it's too late to invest in Bitcoin which is clearly NOT the case. It's never too late, even if the price of a single Bitcoin reaches $100,000.

I recommend people to avoid investing in trash coins and instead invest in Bitcoin because it's the future and the only coin that offers low risk and the potential for good profits in the long run. The world is still in the early stages of Bitcoin adoption and as the OP mentioned less than 10% of the world's population is involved in crypto. Therefore, it's never too late to join this community and start to get your first bitcoins.

Where do you think we are on this chart?



I would say maybe the 13.5% early adopter stage. I think we have passed innovator stage.

Tried to answer your first question, since Satoshi Nakamoto generated Bitcoin using a formula that no one could control and increase the supply if they wanted to. 21 million total supply. This is fixed so all the developers from all over the world can not generate any more bitcoins beyond 21 million bitcoins. Now coming to the main point, the 21 million bitcoin supply is fixed but If you consider the population of the world and the growing interest in bitcoins, if 21 million bitcoins are distributed among the people of the world, even if the distribution of bitcoins is finished in the future, the demand of the people will not end. So if you have enough desire to invest bitcoin then you can invest on bitcoin very quickly because in futureThe demand for bitcoins will increase so much that you cannot buy bitcoins even if you want to invest.

being early or late is just a relative term. even if you are early, if you don't do anything, then being early is useless but if you think you are too late, but you have done something like stashing some satoshis, then you are much better as compared to the one who was early but did nothing. so contemplate on what you are doing doing these times. if you think there's future in this market, act now. but don't regret if you just observed and did nothing today.

You are late comer but you are not too late, the party is still here.

After 3 more halvings, 98.4% of total supply will be mined and imagine from 2032 to 2140, more than 100 years, there will be only 1.6% of remaining total supply will be mined.
If you are wondering about decision, this fact is not challenging too much for you to make your decision. Join or miss the party.

• Controlled supply
• How is the 21 Million Bitcoin Cap Defined and Enforced?
• Equivalent Network Time
• Block Subsidy Table

Thinking like that is common for people who are just starting to invest in bitcoin for the first time, because of course they still have a lot of doubts in their minds. Because most of them still can't see the potential of bitcoin in the long term and as a whole. So for beginners who are really just getting to know bitcoin investing, it is still considered normal to have thoughts like that about bitcoin. But it is true, such thinking must be changed and corrected as soon as possible. Because if you constantly have thoughts like that, it will most likely hinder someone from making progress, especially in the field of bitcoin investment. Because thinking like that has entered into pessimistic thinking. Meanwhile, in investing, especially in bitcoin, you must always have positive thoughts and should not be pessimistic.
And in essence, it's never too late to invest in bitcoin.

1. Anddd this is a reason why? They probably don't even understand what the max supply even means for Bitcoin.
2. You're not the bloody miner brother. And comparatively speaking, there's an improvement in hash power from last year to this, so I don't think it matters much.
3. It's too "high" in comparison to zero, yes, but it isn't exactly the max, no one really knows if it actually is after all.

I mean, people who don't want to invest would always find a reason not to invest, and people who do would always be able to find a reason why, I don't think there's any need for advice here. Information about Bitcoin is plenty in the internet, it just takes a bit of time to study up, and probably a bit of guidance for some to make sure they got the correct info. It's also a matter of investing in Bitcoin is for the long term for the most part, and not a quick easy rich scheme.

We will benefit from holding Bitcoin in the future if there is real demand. The fact that Bitcoin has already reached the current price is a significant success considering its initial near worthlessness. Just looking at the price, it is already high, and we have not yet achieved mass adoption. Achieving widespread adoption is crucial if we want to enjoy the benefits of our investment now, as without it, Bitcoin will remain a volatile asset.

Governments need to create crypto-friendly laws, and with the continuous support of our community, investors, and those who have a love for Bitcoin, the government will be forced to listen to us. There is a reason why Bitcoin is valuable—it is often referred to as digital gold. Just like gold, Bitcoin is considered valuable, and in times of war, gold does not devalue. Similarly, Bitcoin holds its value.

It is not everybody that will invest in bitcoin because bitcoin is not made for everyone and that is why there is limit in supply of 21 million btc. Those who are giving excuses to invest on bitcoin don't believe in it and most of them will be very hard to convince because they feel that they know it all.

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There some people who have not heard of bitcoin and if they are privilege to be educated on bitcoin,they will invest in it. Bitcoin value don't end on bitcoin halving but will be the only saviour from inflation and vulnerable attacks in the future. Some set of people won't invest now,it is until when bitcoin price has shot up to 50k and above that is when they will be caught the FOMO and purchase. Buy now that the price is 26k and be greatful for your actions later.

People can start investing in bitcoin or stick with other options and no one can force them to follow someone else's advice. But if they follow the development of bitcoin and check Bitcoin's past journey, they can see that Bitcoin's popularity has been growing and many people are starting to invest in bitcoin. And if they could just start looking into bitcoins, they would find that those people could make huge profits from bitcoins.

And if they can invest as much as 0.1 BTC in bitcoin, they can become a rich person who makes a big profit from it. This is one of the reasons people invest in bitcoin. They can get rich from investing in bitcoin. Now is still a good time to start investing in bitcoin and hopefully, they can see that the current price is still a good buy price for them to start investing in bitcoin.

The supply is 21 Million, but we have already mined 19.37 Million Bitcoin in the last 13 years. You don't have to worry about the supply. The rest 1.67 Million Bitcoin will take around 140 Years to be mined. The scarcity will increase even further after the next halving. It's been only 13 years, and still, a long way to go. Compared to the days we have passed and the days remaining to the end of the mining phase. We are still in the beginning. About Miners, They are making the same or more money, I guess. The only thing I can say is if they hold what they have mined, then yeah, Compared to that time, Current miners are getting less block reward. But, At that time, Bitcoin doesn't worth what it's worth today.

The current block reward is 6.25 Bitcoin, worth over $168K today. After the next halving, the miners will make 3.125 Bitcoins which may be worth more than $168K in 2024 or, let's say, 2025. So, It's absurd to talk about the block rewards. Bitcoin Mining is still profitable, and it will remain profitable for the next hundred years.

Bitcoin's value is indeed too high. But, This is not the end of Bitcoin. As I already said before, We have only passed 13 years. We have a long way to go. The scarcity will increase over time, and the Value of Bitcoin will increase.

As you also said, there are also people who invest in shitcoins and get big profits. And to be fairer, I don't see anything wrong with investing in altcoins as not all are shitcoins, some altcoins are growing very well and offering huge returns for many people. Once we invest in crypto, it means we intend to get rich quickly, including in bitcoin, because if you really want to be safe and not in a hurry to get rich quickly, then you have chosen gold or other safe havens.

As cryptoaddictchie said, he is not a shark, he does not have too much money, so he invests in altcoins, but the end goal is to earn more money to accumulate bitcoins for the long term. I see this strategy used by many people and it is also their way to increase their bitcoins, what did they do wrong?

Yet this sewer boyz keep investing on trillion to infinite supply shitcoin just because it’s value is 0.000000000xshit without any real utility. People keeps looking for an alternative to Bitcoin since they think the missed out already the pump without thinking that we are just starting the mass adoption.

If people will just stop wasting money on shitcoins and focus on Bitcoin alone. I think they already get their target profit without sleepless night worrying my shitcoins will have no value tomorrow.

I don't understand the first point, to be honest. Is it that most BTC has already been mined, that the total supply is too low, or that it is too high? In all of the cases, I don't think it's a valid argument against investing in Bitcoin, but still. As for #2, it can be an argument against starting mining now without having major resources, but not against just buying some BTC. And #3 is worth keeping in mind, of course, but not entirely accurate. It's unlikely that Bitcoin will go 20x very fast, as it did in 2017. But it can go 3x-5x, I think, and these are also pretty good gains. Maybe it can even go 20x from the current price, but it'll just take more time, several bull runs and several-year bear breaks in between.
Bitcoin is still a good investment, it still has a lot of potential to spread much further. So I do agree with the op that we're still in the early days.

IMO getting involved in anyway with $hitcoins ^{other than Litecoin or Monero} is only feeding
their popularity, as Bitcoiners we should be shunning $shitcoins.

I also recon that if someone is only looking for quick fixes or get rich quick results
they will only look at $hitcoins and make their gamble there.

on the BTC0.1, totally agree with the sentiment that the amount could be a substantial
FIAT value in the future with further adoption and demand against a deflating supply, its
kind of a no brainer when also considering the transferability, preservation,
security and storage of wealth Bitcoin offers.

Its unfortunate that $hitcoiners cant see this, they have the "when Lambo?" attitude.