Bitcoin Forum

Hello everyone,

I feel very late to the party with BTC. I have know of it for a couple of years but ignored it. Now I'm super sold and ready to buy my first coin. $4k is huge but not impossible for me. At what price do you feel its too late to own 1 full BTC for the average person?

I'm not interested in owning micro or milli coins.

How much time do we have left until its becomes proper main strain?

Can someone tell me where we are on this chart please?

http://www.valuebasedmanagement.net/images/picture_rogers_adoption_innovation_curve.gif

Buy 0.1 BTC if you can't afford 1 BTC. I think you will never be too late. You might need to wait a bit longer depending on the buying point, but I would call it a good long term investment.

Thank you. With the S Curve Theory, would you say for those that are IN now, are innovators or early adopters?

Buy in at any point and buy more when it falls. It doesn't matter how you call yourself on the way up.

It'll be too late once 1 satoshi/BTC0.00000001 is worth more than the smallest unit of fiat currency.

"The average person" is a pretty meaningless term.  A lot of people will never have access to $4000 worth of savings that they can put into BTC all at once.
Why not?  People should buy as much as they're willing to spend in fiat.  The BTC price at the time is irrelevant to how much you're prepared to buy.
Depends how you're defining BTC.  As the original vision, a "digital cash system", we're still in the innovator phase, since the vast majority of merchants don't accept BTC and those that do still only have a small amount of their purchases in it.

If you're defining it as a store of value, then probably still in the innovator phase but perhaps bordering on the early adopter phase.

The mistake that people make is thinking that a high market cap is a high number of "ordinary" people investing "ordinary" amounts.  The reality is that there are still whales who hold huge amounts of coins because they bought in earlier, so it's hard to say even roughly how many users there are.

For as long as bitcoin can be bought in fractions, there’s no reason to believe that it is too expensive. The value will just keep rising into the future, but if you start buying in small fractions regularly, you might find yourself with a substantial amount 10 years from now.

Buy 1 Bitcoin Cash

It's never really too late. It's not necessary to buy a whole bitcoin, you can start out with a good big part of it and make a handsome income on it.
It will probably go on increasing in price, so of course it will be harder for the average person to own 1 BTC. In some years probably those with 1 BTC will be considered well-off people. If the price goes on rising, that is

I was in a similar situation when bitcoin was in the hundreds I thought that there was plenty of time to buy in, I don't think it will be too late to buy in, not in the next few years anyway. 

When it get to the levels of $10k then perhaps for the ordinary person working a 9 to 5 job it might become out of reach but there is always the chance to buy in at 0.01 or 0.001 and so on.

Yes, I’m one of those that left their full-time employment to go into Bitcoin.
My full-time job wasn’t paying me enough to feed myself, talk less of taking care of my family. When I saw a Bitcoin job that can pay me more than I get from full-time job, I decided to quit and go for the Bitcoin job. And now I’m living a life that is better than before.

$500,000.00

The way to think about it is that you will have 100 million satoshi. People coming late will only have a few of them. Many people will not afford 1 satoshi in future. :D ;D :D

Well it's just money. It is never too late to use money. Bitcoin was never intended to be an investment. If you want something that will go down in value over time you want U.S. dollars. They have lost about 93% of their value since they were introduced. So just stick to dollars and you will be poor in no time.
 :D

i don't think i know anyone who has $4000 spare to throw into buying one bitcoin so right now in my world it already is too late.

that's no bad thing. we need to get used to smaller units.

If they can cover the costs for the transaction fee for Bitcoin then they could afford it. The price of Bitcoin might not be looked at as something that will go up in value at that point because there won’t be that many people that can afford purchasing that many coins and there might not be that many people trying to sell it since Bitcoin might be a decentralized turned centralized thing by then.
A dollar for a single satoshi would be nice if the transaction fees were free, there’s also Altcoins that will allow Bitcoin to get sent under 1 sat.

No one can answer that question and any answer you might get will not be precise one.

we are still in early adopters phase but I don't think bitcoin price will follow that line chart you have. Bitcoin price is not only accelerated by hype/speculation there is real demand for bitcoin so we can expect a gradual straight upward line for bitcoin.

$4k is good entry point, good luck with your investments.

I don't really think that there would be a time to be called too late to invest in bitcoin even if you're just an average person,
The reason is if you can't afford a whole bitcoin you could always buy Satoshi or its smallest amount .

Well it's already too late for an average Joe living in a developing country, 4k is a lifetime of savings for some of these people, so they won't risk investing in something which they can't touch. It's definitely out of reach of approx 1.5 billion people at least from around the globe imo. Think it like this, most people in developing countries live on 3-5$ per day. That is around $150 per month approximately, take out their expenses and you hardly get any savings. So you are still lucky to get a full bitcoin imo.

well, i think Bitcoin already out reached average person right now because reaching 3000usd in not very easy for everyone.people want to buy a house and Bitcoin is like the small portion of that high amount of money right now. so people either will choose to invest or to save more than they are using it to create new kinds of stuff. users are not gonna increase the production of sites and software in more scale than previous years.

Why are you not interested in owning small portions of one bitcoin? I mean, what's the difference? It's up to you when you don't want to own a full bitcoin. Owning bitcoins will always be suitable for the average person since you can own exactly how much you want.

the price of btc now almost equals to 20x of the price was in 2015.
it's not good to say for an average person as he can buy btc with any amount but he wants a specific amount then he has to pay 20 times the amount he could have paid in 2015

I think a lot of new people to bitcoin are infatuated with owning 1 BTC
It can easily be bought in fractions, you can buy as little or as much as you can afford.

If you want to get into it just use whatever FIAT you can afford and dont worry about owning 1 BTC

Its never too late to own a Satoshi or two !!!

There is not a specific threshold we can give but I think that when bitcoin reaches 40k it will be impossible for the even the average person in the first world to get bitcoin for investment, but they will be able to get bitcoin for their daily use, at that point only rich people will be able to get bitcoin, that is why it is important to get as much bitcoin as we can in the next five years.

If you want to have bitcoin with 1 btc it will need a lot of money .. because bitcoin price today I am expensive .. but if you lot of money buy bitcoin and save it for your future. I think you can buy bitcoin just a little money You .. bitcoin investment not necessarily 1 btc you can buy 0.1 btc or 0.001 btc .. you can already get profit. The bigger your investment the greater the profit ..You are not too late to have bitcoin .. if you have money .. i am sure bitcoin price will continue to rise

Price does not matter if there is growth. If you can make 1000% in 5 years, then it is still a good investment, regardless whether you buy a bitcoin (or fraction thereof) at a price of 1,000$ or 100,000$.
Either way the maximum loss is only 100%

So it depends how much hard earned cash you are willing to invest and multiply, or can afford to loose without ruining your life.

Now in August 2017 only 16.5 million people could own one bitcoin each if possession would be evenly distributed. There are many that have more than one BTC and millions who have only fractions of it. So if you can afford to buy one now and hold on to it for 10 years, then you are one of the very lucky choosen ones. So folks don't wait buing your coin.

Fortunately most people cannot hodl for psycological reasons and they will always trade for a profit, be that 50% or 5000% profit. And it is good this way because otherwise, it would not be traded and therefore no value.  For markets to function we need greedy people, enthisiastic people, panic sellers, doomsday priests, profit takers, day traders, etc. me for my part I am a hodler for many more years to come.

But there is also a time in the future when I will start to sell, probably once I retired to fulfil some of my dreams and get a more luxurious life after work if it still exists by then. Remember that you cannot eat BTC and you can also not take it with you. So with my last breath, I want to have spent or donated my last BTC.

Its not to late to buy bitcoin. I think buy bitcoin that you can afford. A months ago I buy $500 because can afford the 1btc = $1500 that  time.

And what's wrong with having amount smaller than 1 btc?
Right now, many people can't afford to buy full 1 btc. In poor countries they need to work few months or even years to earn such amount of money, it's obvious that they can't afford to buy 1 btc. And if you live in average or rich country, $4000 is also serious amount and not many can put it into bitcoins.
Also, limited supplie of btc means that only small part of population can have 1 bitcoin and more. Sad reality that mostly of people will never have 1 bitcoin.

I'm with the OP on this topic. I'm new to this bitcoin era, and I'd very much like to own bitcoin. The price is very high right now, but hopefully even if we buy now, and the coin dumps, we can just buy more so it averages out in the end. I also don't think it will ever be late for the average person to own BTC, because owning BTC could mean owning 1 satoshi, which is extremely affordable... for now

Yeah except it's not easy to buy unless you create a coinbase account.   I'm talking about the average person who isn't a computer engineer or nerd.  They're not buying bitcoin for a long time, if at all.

It's not too late to buy, but I think OP might be getting a little too excited.  No need to rush. I can hear the roar of FOMO, and it's deafening.

Strangely it happens just the same with a good friend of mine. He says he is too late, that BTC is too high, and does not really want to buy a fraction of a Bitcoin. But that does not make much sense... fraction or not, it will go up eventually. You can imagine you have 10 million satoshi if you want.

We can say we ate still early adopters because bitcoin is still very young and there is still a lot of space for growth development and price wise. Like others said, there is nothing wrong in purchasing bitcoin in small amount until you got a whole one.

I agree but I also would like to add just go for it and own a whole bitcoin. It feels nice try it ! Say I have a whole bitcoin !! Doesn't that feel nice ? See so you should buy and hold 1bitcoin always. The rest for trade to grow that 1btc.

you can buy less bitcoin, so your question look a bit silly lol, but if you mean only to buy a whole bitcoin and not fraction i guess that already now average joe have an hard time entering this market

Buy whatever you can now before new ATH's are reached. You may get some byteballs and november-fork coins for free in the meantime too, if you time your buys.

November-december usually is bull time, and things get more bullish because of the possible hardfork later this year

I will tell you something that have been proved over and over and over again . With BTC is never too late . What if you did not buy now and decided to wait to buy cheap ! only to find that BTC became $5000+ :) . If you are in for long term it does not matter at what price you buying because eventually BTC will break that price and move up it may take sometime or it may not . Really no one knows . But for sure BTC is keep breaking points from the moment it created .

No one can predict that. IMO, Bitcoin has the potential to increase its user base by at least 10 times. And the exchange rates can also rise by that much, to around $40,000 to $50,000 per coin. So I would say that the threshold is at $50K.

There is no time that is too long to earn one bitcoin,  it's just the matter of time and patience. I have not gotten up-to one bitcoin in my wallet,  but I know some day I will,  it's just patience that matters.

I'll rather say you came at right time. Of course you missed some initial years. But don't you think people weren't that sure of Bitcoin's future before as they are today. No uncertainty and a huge demand and price. Bitcoin is in a strong position today and now you can invest without any fear or uncertainty. Still Billions of people don't know about it and serve as a potential customers which will take the price to moon. SO, start investing.

People don't invest for feeling nice. They do it for earning profit and for that you need not to have a whole Bitcoin. I just don't understand the craze of owning a whole Bitcoin. Whatever you have just invest in and enjoy the returns because ultimately you want to earn profit of your investment.

I lived in a 3rd world country so if I'm gonna target 1 full BTC will be hard because of the steep price right now at $4000. Its like even 1 year salary for most of us here. However, the best method for me is to just buy in portion and I guess it will accumulate overtime and maybe I can see 1 BTC in my wallet.


Yes, its never really too late to enter and buy some bitcoin. Its that some are really constraint because of the high price right now. Nevertheless, if you think that bitcoin is a good investment, then why not, buy what your money can afford and see how it grows in the future. But you need to have a lot of patience and not sold it because the chance of bitcoin price increasing is very likely.

Well you might be able to buy it, but the fact is that the working class which is the majority will not even use bitcoins in their lifetime so that is a lot of people who will never even own a single Satoshi. From my estimates there are around billion people in Asia only, who don't even understand how smartphone works so, by the time they come up to speed with bitcoin it will be too late imo.

I do not think it will ever be too late to start buying bitcoinns. Or earning them.
Even if the price rises, then you buy smaller amounts. Nobody says that you have to own a complete bitcoin.
If you want to invest, invest the amount you can.
That is not going to change, even in years.
The only thing you have to keep in mind are the transaction fees. But this problem is something that is being worked on.

It's never late to hold bitcoin. It's continuing to rise. You can hold any fraction of bitcoin if you believe on it.

Once bitcoin reaches 10.000 USD, only people that wants to invest can buy a whole coin. Up till 10k its just funny money.
I am hodling!

As of now, nobody is too late for Bitcoin. Maybe when BTC can already be hovering around $100,000 then I could say it is too late but then again if BTC can be $500K then at that level it is not also too late. The more a person thinks that it is too late then the more he will not jump into the opportunity...I think being late is on a mindset.

Depends on how much money we have for investments. Even $ 100,000 for many people is the price to jump. BTC generally is already expensive :).

Though the price stays above $4000, it's quite an affordable price for average person. In specific however the price grows higher the lowest denomination availability makes it to be the affordable one. Right now for the people who are planning to invest into bitcoin has got the opportunity to invest through bitcoin cash which is the version 2.0 of bitcoin though it's considered as an altcoin.

Buy hurry up,when it's price are fall.Because as soon as possible Bitcoin will gone $50,000.

The current worth of bitcoins is a huge one but if we do its comparison with the price that it will acquire in future, we will feel it cheap at the moment. Though, some of us are late and it was not as expensive in the past as it is now. However, investing in bitcoins today will give tremendous profits tomorrow.

You can’t really tell, because every country currency are not equal. But calculating by the USD, I would saythe price point that would be late for an average person is at least $10k, $20k and $30k (adding countries with low value currency, I would say it’s around $5k).

You can't predict the maximum number of users. If the 100 million mark is reached, what prevents it from expanding the user base to 1 billion individuals? You need to note that more and more people are getting tech savvy now.

its was never too late and it is never too late.

What does exactly "too late" mean? It might be too late to buy it for 2$ and sell it for 2k$ but it's still not too late to buy some for the current price and sell it once price is higher for profit that is if the price continues to climb. Also it's not too late to buy it and use it to purchase something what is sold for btc.

That "It's too late" attitude already being in someone's head means it's already too late. It doesn't really matter what the valuation of it is, you can still invest little by little and it will accumulate over time. Bitcoin will come down again, and more than likely not just once and this will be the time for an "average" person to buy. As long as bitcoin is profitable and continues an upward trend then there is no reason not to invest some money and time into it regardless of what the price point is. Buy low sell high

At this point, I think the average person can't afford to buy one BTC. Even I can't. Maybe an average person can buy less, like 0.1 or 0.01. The price will continue to increase and I think it will come a point that the average person won't even afford to buy such amounts. Don't lose hope, because its not "too late" there are still ways for you to buy bitcoin or invest on it despite the high price.

It only could be late with 1 condition: if the fiat currencies become valueless.
In other cases it will never be late.

$4000+ is too high for the average person to buy real amount of BTC anymore.  That's even in countries where $4000 is only a fraction of annual income, so people in developing countries are going to have a very hard time getting into bitcoin at this point.

My guess is that you are between 50 and 60 years old and you can afford to buy one bitcoin. Go for it, buy it now, it won't make you a millionaire, but in 10-20 years from now you will have your retirement assured from this bitcoin. I'm 49 years old and I just sold one month ago all the bitcoin I had (0.5 bitcoin), now I try to make this money (0.5 bitcoin) in the coming years, in 10 years I could probably buy something big from this money.

Or if you want another advice, buy 50 Litecoins and 50 000 Dogecoins. It will cost the about the same and in 5-10 years you will be a millionaire

No idea how much research you have done, but I suggest you look into how big this could possibly go, 2017 could well be seen as the early lucky days for those getting in when the 2020's arrive, but of course they could tank as well  :)

What I am finding strange and at the same comforting about the bitcoin is that so many brainy people and  business types are now starting to speak highly of bitcoin while the mainstream are still scared to death of it. I now find it amazing that so many people will have have 5 or 6 figure sums in banks with no worries and yet they still question bitcoin, the most honest fiat currency of the lot IMO.

It is very possible that you are far from being too late, just look at this forum for example and the size of it's membership, there is a lot of interest out there. I am never going to tell anyone of here how much bitcoin I have except that it is one or above, and if I am correct there is only 16 million of them out there, just think about the numbers and possibilities , research research and research and then take a calculated risk if you are happy without going All in

I somehow agree with your point of view. I get the same feel that it will be never too late to buy the bitcoin. This is because bitcoin comes up with a new and higher price after sometime. This takes its users by storm and they involve more into this. Now, if we talk about the fiat money, fiat money will not vanish ever. Its use may become less in future but it can never vanish.

I think that the price will have to get up very high before the average person is not able to buy, since you are able to hold down to a very small amount.

But I also think that it woud be more beneficial for people to know that you can buy partial bitcoins. I feel like mainstream media doesn't know all that well that you don't have to buy one whole coin at a time.

we are in the early stages of second stage of Early Adopters.
and remember this is not price chart. it is showing only the adoption and how it changes over time. it is slow at first then speeds up and when everyone knows about that technology there is no one left to find out about it!
the price chart would look like an S which is slow at first then speeds up with sharp rise to a high price then slows down and plateaus on that high price and stays there.

It is too late for an average person to buy bitcoin when it hits 10,000 USD because that is a too expensive price for me and it is not affordable for almost all the people and most of them will just doubt about bitcoin so as long as the price of bitcoin is not touching even half of that 10,000 USD we should continue buying bitcoin and holding it for a long term purpose.

Good discussion point. Good to see I'm not the only one that is thinking about this. The blockchain is here to stay. No matter what any crypto will do in the upcoming years. I think that's a conclusion we can make by now.  Do you know this interesting site? https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis.  See:  https://www.coincheckup.com/coins/Bitcoin#analysis To watch Bitcoin Detailed report.

In my personal thinking, however high the price goes it'll be always an affordable asset to the average people. This is all because of the divisible units of bitcoin. Maybe when the price goes much higher, people might be able to buy few Satoshi based on the price.

It's NOT to late to buy Bitcoin worth of 4000$, your investment would grow exponentially beyond your expectation, used it wisely, you may HODL it or trade.

Who can tell the future of Bitcoin, for now it's like a raging bull.

It's never to late. If you think like this you'll stay forever waiting for the best moment that never come.
It's impossible that every human owns 1btc since humans are more than btc total supply.
If you can't afford 1btc you can start with a smaller fraction. Good luck with your coins  8)

Somehow this make sense to me in the laymen terms! How much would 1 BTC need to cost for us to reach this point? I'm lazy in doing the math calculation :D

Very interesting thread and definitely a discussion worth topic by the way!

Well it might be too late for some to buy whole bitcoins. OP, said that he is not interested in buying a fraction of a bitcoin, but

rather whole bitcoins. He also mentioned that he might be at the upper limit, where he is able to afford whole bitcoins. Most

of my friends have reached that point. {not because they cannot afford it, but because they not willing to spend that amount

on whole bitcoins.} The friends who did, is reaping the benefits of high volatility and they getting huge profits from buying on

the dip and selling on the spike.  ;)

More than one million dollar. Then 1 satoshi is worth more than one cent. But even then a lot of people could afford to buy one satoshi. So - as always - it depends :)

There isn’t any price that purchasing bitcoin will be too late, though for an average person it might be not be too late presently because you can still cash in on the market, but if you are not ready to invest now, then forget about it you’re never going to earn much profit from the market.

No, it is not, most people are just lazy and don't even want to try to buy BTC because it is a complicated process and they are too passive to learn more.
There will be always an argument against buying bitcoin - earlier in the day it was the fact that bitcoin is unstable and will become worthless soon.
And currently the core argument against BTC, it is fact that bitcoin is too expensive to buy 1 BTC at once and not everyone can achieve it.

I am not defending other coins but at some point in the past bitcoin was a micro coin as well. The story might repeat itself.
We are still in the early adopter phase. If bitcoin will go mainstream someday the price will go through the roof and we will reach the moon.

IMO, it is still not late to buy 1 full BTC. I will buy it now if I can afford at $4000, rather than regretting when BTC is at $40,000.

I don’t think it will get to that extent of being too late, the only thing that would happen is that the market will be left with little or no juice because the early investors have sucked out the juice in the market and the new ones are just eating the remaining.

It would get to a time that people would be regretting and wishing that they had purchased or used bitcoins and kept at some certain time when it was still rising, because it would get to a time in which the coin will not be buyable to a common man.

It's getting too late for the average person to invest & buy 1 whole bitcoin even now. It's not too late to invest though, buy what you can afford, even 0.1 bitcoin may be worth lots in the future.

yes i agree with you even 30000 satoshi maybe worth something in the future if the price goes up then even a little bit can be worth alot for us and that is where we can make profit out.

It is not too late you can buy it now.

I so don't get what you mean. I can get less than a penny's worth if I want to pay the fee. It's like asking when gold will be too expensive to buy because you have this arbitrary idea of an ounce in mind. Forget about the idea of a "bitcoin", there are no coins. It's like gold. Too expensive? just switch to grams or Satoshi if you must think in units. Then it will be "cheap" again.

I don't think it's too late for the average person in a 1st world country to buy a whole Bitcoin.
Even 5000 dollars is very little for an investment and that's pretty affordable for anyone who makes more than 1200 dollars per month.

An average person definition would be a subjective definition due to differences in climes of the society and economic indicators of various countries and because of this singular reason bitcoin will continue to be attainable at all times if not for some set of people in a particular place of the world, it will for others in another place and that is the reason why I wont put a price tag on it.

Some people have said $5000 while others are of the opinion of $4000 as a definition of average. In some countries, you dont have their equivalent in our fiat and you regard yourself as average you have move a step higher above average because the amount could get you a decent house, a car and even some excess remaining. While in other countries, it will just be enough to run the week or a month.

Four words to sum up my thoughts on this subject - Its never too late.

Back in late 2013 when I came to know the existence of Bitcoin, I thought I was already too late to put my money in but decided to throw a small amount of my savings when the price was about $250 per coin. Though I couldn't get a full coin at that time, a year later with all my hard work and perseverance, I managed to get my hands on 1 BTC and it had already crossed the $600 mark by then, although it had a lot of fluctuations at that time. Ended up selling all my balance for $750 when I thought it was right and still made a decent profit.
Today we're here at $4000+ and its still an ideal time for the average person to put some of his money into Bitcoin citing the long future ahead for Bitcoin.

It is never late to get started, the price if bitcoin is rising and in coming day it will rise more so that one should invest now to get benefits in upcoming days and can easily get profit on daily basis, bitcoin is now 5000$ and in coming future it will rise again and it is a very reasonable investment to get started and one day this will go to the higher index and give benefit to you.

why we need to buy an entire bitcoin when we do not have enough money? Just buy 0.1 bitcoin or 0.01 bitcoin if you can not afford 1 bitcoin. Bitcoin price will increase in the future so no matter what amount you buy, it will still give you a right profit after a long time holding

It is getting close to that point but we're not there yet. If you can buy them for under 10k then you are still winning because the majority of the world doesn't even know what BTC is yet.