Bitcoin Forum

As an economist, I worry about a lot of issues related to economies in this world.
Bitcoin is surely a revolution, but I worry that it is highly unfair for the older generations and the people who join Bitcoin in later periods.

Most people in the world do not hold Bitcoin or any other cryptocurrency. If they started buying it, prices would soar and there would be a huge purchasing power transfer from those who got later in to those who got in earlier. For these people, staying in Fiat currency will be the best option.

Also, there is the issue of scalability and of the timeframe of existance of Bitcoin.
Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?

I think many of the discussions about cryptocurrencies leave out those of our society who have less access to information and new technologies.

What do you think?
Thank you.

As an economist you should know that the market price is always the 'fair' price. If people don't want to pay it for whatever reason then they won't. If you are intent on using bitcoin to purchase goods and services as it's intended then it does not matter if you buy at $1 or $10000, the use is exactly the same.

Scalability is a clear issue and it's being worked on, it's not so prevalent right now because there aren't huge amounts of transactions but we saw in November/December what an increase in transactions can do to fees and transfer times.

Again I question your reasoning for investing, if you are looking for profit from an investment then maybe an ICO is better for you, or if you are looking for something different to bitcoin then an ICO again could be best. But if you want bitcoin and its futures then there is no reason to look to an alternative.

It would never be fair in the old generation they adopt currency in early stage and besides even if you join i later period you are lucky because you know bitcoin while the price is not too high, don't look on how much you buy the coin look on the development of the project if it is good to buy or not, then if i'm not mistaken you'll find on where you can invest, just make a research on a project before you go through an investment.

In my opinion, early-adopters of Bitcoin should be rewarded. Most of them became rich because they were interested in Bitcoin back in 2009 or 2010. Without them, probably hardly anyone would buy Bitcoin. Process of switching completely over to cryptocurrencies is going to take years.

ICOs are very risky investment, especially right now. There have been a lot of scam projects which were advertising themselves as successor of Bitcoin because of their speed, security and other features. Lightning Network should solve scalability problem for a few years, we will have to think about increasing the blocksize if opening and closing LN channels will take too long.

Building on that, nobody would even know what Bitcoin was if it wasn't for the fringe anarchists of the world. I myself only found out about in 2015 and I worked in a rather shady industry myself before.

It isn't unfair for the older generation, they had the chance to adopt it just as much as everyone else did and besides if they are older they need not risk their money in such a fashion.

Scaling is and will always be in an issue, people seem to think scaling will end someday but it won't. Somebody will always be looking to do more things on the network and as long as we improve it (BIPs) we good.

Sure if you wanna purely gamble hop into an ICO. And to not hop in a good ICO because of potential future good ICOs is a bizarre scenario to paint, I mean why invest in anything at this point then?

I am sorry do we not live in the 21st century with smart computers in our pocket, that talk to space and transmit information everywhere? Could have sworn we lived in that world ::). People have access to information!

My 2 sats on the matter.

I fully support you. The mistake of many people is that they forget that bitcoin is a currency. They dream about what buying 1 bitcoin, they can't work until retirement and always to earn an income due to the growth of prices on the bitcoin and attract new users. I see this as an attempt to turn bitcoin into a pyramid.

Now might be an amazing time to buy. Nobody knows what's going to happen. We could go lower for a few months and then those people are going to be on a massive profit coaster up if the market improves where it dropped back in January. There's just no way to know. If you go on reddit, it just bounces between "the market is dead!! It's a scam!" and "MOON!!!". It'd be pretty cool to come back to this thread next March and weigh in on it.

Nothing is ever fair and bitcoin is not an exception to this, what you are saying is just true for any technology out there, those that invested earlier get the most profits so I cannot see why this is right in everything else but somehow it's wrong when it comes to bitcoin, anyone is free to join bitcoin and buy it right now if they don't do it that is their choice and they will have to face consequences of those choices, then you state that for those that come late it will be better to keep their fiat but if bitcoin really becomes as successful as some people think they will have no option, this is similar to what happened to those that used Windows XP they resisted for years to not upgrade but eventually they will have to do it.

To start with, is it even fair to us here that you chose to ask this  question knowing well that we are handicapped in knowledge concerning Adams Smith and the rest of Karl Max?

Honestly, I dont know why noobs are allowed to open up threads. Theymos should look into this honestly because most of these threads are repetitive and most often turn redundant and consequently insignificant (I am just being optimistic that it isn't all. Though facts on ground suggest otherwise.) What does the OP mean by fair for anyone buying at this massive Bitcoin dip of $7,000+ where as certain people bought at its ATH of $19,000+

However, a reminder with this cliche could snap you back to reality, Life is not fair itself, let alone business.

Nooo, thats very misleading I guess. Even people who got involved in the bitcoin in year 2009 are not holding the bitcoin because I am pretty sure most of them sold it in the early days and most of them sold it when bitcoin reached 1K in value which was blessings for them. So there is no much difference between those who got involved in early stages and those who are getting involved today. Its all about those who hold and its all about those who sell at different time points.

There is no in leaving the crypto and holding the fiat, that one got my attention. There is always chance in the crypto currency and who said that it is not going to rise in the value or use in the future? It was unknown when it was launched in 2009 and it is unknown today as well, but it did grew after 2009, right? So lets just jump in and let others come out of the fiat world.

This is just really a matter on how a certain person would able to risk.If they can afford to lose up some amounts then he would probably risk his money since he do believe on such thing.Talking about investing on bitcoin nowadays would really be always on our choice since its our money after all.For those who bought on earlier days then i would say they do really deserve on the money that they do earn.They believe on bitcoins tech and now they do see the profits from their own pockets.

Cryptocurrency or bitcoin is just starting, we are just starting to adapt a new and innovative way of securing assets and transactions. So, I think we cannot say that it is unfair since it is not even the fault of those people who learned about it first. A lot of countries are even late in adapting cryptocurrency and they are coping up fast.

Bitcoins are very unstable and I think there is no fair or right time to buy bitcoins. It is just advisable to buy during dips to avoid quick losses and lessen risks at the first place. Like for example, observing the market when is the resistance happening and what price does bitcoin stay longer, then you would know what mark will be your basis of fairness and when it dips below your mark then its your perfect time to buy. Everyone has their own opportunity to invest it is just you need to have better judgement and courage to do it. Be as patient as you can too.

The price is dictated by the market so whatever the market price is it should have been fair to those who buy at that time. Its just sad to see the price dip so low that it will hurt you so bad when you have bought at the time when the price was $20k. I'd cry a river too if seeing the money I have now belongs to those who crazily dumped.

Is it fair that the older generations are holding most of the real estate, forcing the younger generation into a modern form of serfdom?

Is it fair that wealth begets wealth and that income through labor is much more heavily taxed than capital income?

Is it fair that the younger generation has a much smaller chance of aggregating wealth due to the fact that income levels have not even remotely kept up with the purchasing power of fiat currencies over the last few decades?

People investing into new and unproven companies, industries and technologies take high risks. Naturally they expect high rewards. It not always pays off, but when it does, even those that failed to invest usually simply accept it. I've never heard anyone complain about how investing in Microsoft, Apple or Google in their early days was unfair. Something that has always been well in reach for older generations. And for the most part of modern history, investing in stocks was much more difficult for the layment than investing in crypto is today.



No one is forcing anyone to invest. Those that invested early, took the highest risk. Those that will use cryptocurrencies once adoption is high and risk is low (should that ever be the case), will profit from improved economic freedom caused by less friction in international remittance and trade.



If you find a viable ICO, sure, by all means, go for it. I'm sure as an economist you are well aware of the failure rate of startups and how to asses and mitigate these risks accordingly.



Do they? There's been a lot of talk about how cryptocurrencies could help economies in developing countries. Banking the unbanked is a prevalent topic. Supporting citizens of nations suffering from hyperinflation and questionable monetary policies is another.



;D

The question is I think if you're going to use it as a store of value or as a method of payment. As a store of value, as you said, early adopters enjoy the biggest profits. As a method of payment, you don't care if it's $1 or $10000, as long as the price doesn't fluctuate too much too fast (if it does, it's difficult to use it as a method of payment). But I think when bitcoin becomes mainstream, the price will stabilize and it will be used in reality as a method of payment. And then it won't matter as the majority of people will be late comers, and the early adopters will be rich but they won't be able to affect the market, because it will be so big. So I think in the long run it doesn't matter and that fairness is not a scale that can be applied to this issue. That's the way it works with every new technology, the early adopters are the ones who are rewarded the most, but you have to remember that they are the ones who risked the most too - not every new technology goes on to become "the next big thing" :)

You talk about ICO Over bitcoin, dam that's very daring of you. I don't think there is any ICO that can beat the bitcoin!! It's more than self sufficient to take over other currencies held together. If you talk about the market cap and even the prices of bitcoin then don't forget bitcoin dominates all the available crypto currencies in the market by 40-60% over the course of time. Isn't thats enough proof to let you bitcoin can't be replaced with ICO? I might be fighting back too much over your ICO statement but ICO are not that great as you are trying to depict here. Also bitcoin is not that weak to avoid it in first place.

There is no delay when it comes to buying bitcon as bitcoin is gaining popularity now and many more people are getting aware about it and you cannot expect that everyone would be knowing bitcoin since its inception and many people have come to know about bitcoin at this stage and I don't think that anything is wrong in that and even if they start investing in bitcoins from now then in future they will be earning huge profits only by holding it so there should not be any regret for knowing bitcoins lately.

Yes it is, Bitcoin is a revolution.

I remember the price was $250-$350 when I first heard about bitcoin and joined this forum. At that time I was thinking the same thing you are thinking.
But look at now where bitcoin price is and how far it went a few months back. You are here now and the price range is $7k-$9k, at this point think of two years in future. At that time someone will worry the same.

I'm not an economist, but I understand a simple logic - the more people will join, the more demand will be there, and the price will increase drastically.
And another thing could happen is the decrease in total supply over the time and it can add extra value to bitcoin.

If someone thinks to invest in bitcoin, they should understand that bitcoin investment is a long-term thing. But if someone buys it to use as currency then its a different story.


The theory needs a detail explanation. But in short, I would like to say that we are humans and humans has huge greed inside them.
Those who have entered early will also buy more at a later time because everyone wants to multiply. If you have 1 btc now, you will want to have 2 or more btc in future, isn't it?


In my opinion bitcoin will stay forever, no matter what happens, whether it is centralized or stays decentralized.


If you have an opportunity to invest in a good ICO "now" then why you should wait for future?
Try to take the profits from "now" and invest in future if there are any good projects, you will have more money to invest, isn't it? Present and future are two different things - act in present and plan for future.

The only problem is that people didn't know about Bitcoin back then. These days, Bitcoin is almost everywhere in the television, newspapers and so on. The positive is that those who supported Bitcoin in 2009 were interested in the Blockchain itself, not in the profit which could come in the following years. People don't even think about Bitcoin's scalability issues. Low SegWit adoption is a sufficient proof. I have met many people who still didn't know what is SegWit at the beginning of this year.

I believe I saw the post quite similar to this one a few months ago. Well it's not like there's only one coin, they can start with the small one and when they, hopefully eventually, get some profit then they can invest that into btc. Also, no one says that you have to buy whole BTC coin, you can go for decimals as well.

Even as an economist there is room for theory and another for practical. Economics will teach about the risk but would leave the decision to the decision taker who be the one to bear the brunt if anything goes wrong. Even in the most centralized economy with various controls and regulations, information does not circulate in a uniform way some people will surely have access earlier than the others.

When it comes to bitcoin, I don't think there is any need for castigating or talk about unfairness for those who came early because they took the risk when it was unpopular which eventually paid off and come to think of it, a lot of others who might be castigating today, had the opportunity to come across bitcoin at some point but chose to ignore because a whole lot of people here today, 5 years ago had access to the internet but focused on something else. There is a consolation though and that is we are still early adopters.

Although there are issues of transaction delays among others when dealing in bitcoin now; I still thinks it is the buy time to buy bitcoin especially for first timers. The price is comparatively low now and would surely rise when held for some time.

You may think its unfair for some people who did not started out at the early stage and buying it now but there are still people who will still buy if bitcoin price reaches 50k, so what do we say to them? You should be lucky you seized your opportunity and invested and not been ignorant. I know of people whom have been holding since 2009, and I most times regret my foolishness for overlooking it then.

I think there is nothing wrong for the people who are trading bitcoin for the first time but the most important for such people is that they need to be too much careful and should start trading with a little amount, because trading bitcoin with a high amount for a newbie is really too much risky and he more chances to lose money. Therefore  would suggest him to trade bitcoin with little amount.

Well, since they will be buying for the first time it will be fair for them because they know the risk that they will take before buying it. Anyway Bitcoin price is changing always so they might profit or lose but what i am sure is if they will HOLD their Bitcoin they will profit in time.

There is no justice in the face of wealth!

People who bought BTC in the early days got their money, but there were lots of risks!

People who buy BTC now face a lot of risk.

There are risks and benefits!

If you don't think it's fair to buy another new digital encrypted currency, maybe it's another BTC!

If you buy bitcoin to purchase other things with it, it is always fair because you always receive bitcoin worth the money you will spend. If you want to buy bitcoin as an investment, then it is basically a question of taste. Price was already at around $20,000 and we can reach it again, but I personally would invest in newer and unlike lower priced ICO projects. If it will succeed, you can easily have winnings over 1000%. If bitcoin will go back to $20,000, you will just have 150% winnings.

Well, I would say that it's not the question of fairness because everyone has their chance to invest early on in cryptocurrency when it started. However, every person has their reason as to why they didn't try it early. For me, it's because I didn't believe at it on the first time, and I honestly though that it was as scheme and that it was not going to prosper, it was my choice then, same as for those people who chose to go for it as a leap of faith.

I would day that the earlier who bought bitcoin are tge luckier one. Since they choose to invest for long period of time they actually deserve to gain more than the people who invest just now. Its not yet too late to invest in bitcoin, the future of it is still promising and we might still gain good amount of profit.

as an economist you should look in all aspect of every topic you wanna engaged for fairness of it all,but it seems like ALL ISSUES YOUR TRYING TO TACKLE IS NEGATIVITY OF THIS COMMUNITY SPECIALLY BITCOIN,are you really an economist?or another one that wanted to create panic?why it seems that you never mentioned even a single positive things in regards cryptocurrency,if you are really concern about the what you called "first time buyer"you must show concern too in those old time buyers.

I would argue that for the people who hopped on the bitcoin train early, there was a little bit more than just luck to do with it. Maybe they took the time and found applicable uses for blockchain technology / bitcoin in the future and wanted to support that idea. If they were making an educated investment, it's more than understandable why they would have put so much money in early. Of course, research is, as you stated, the number one way to making more money.

Isn't the 'market price' of a certain commodity/asset is already a fair price in Economics, especially if it is dictated by supply and demand? So in this case, bitcoin's price is already fair, knowing that the price is just the manifestation of the overall supply and demand in the whole market. As for this people who don't want to buy in because they don't agree to the price, or think that it's too much for them, they always have the liberty to take their money elsewhere, and that's the beauty of a free market.

For the scaling concerns, the LN is the most recent take on the said problem. We can't count on it heavily yet until the final phases are done and could be tested in real-world scenarios. Scaling would always be a problem as more and more people would flock in and use bitcoin in the coming years--hopefully.


If this is the 'better' option, then why most of the money in the cryptospace are stocked in bitcoin? People who are investing in ICOs are those who are either involved in previous projects that turn out successful and are in search of a new gold mine. But for most newcomers, they'd just stick to what is already 'proven' in their books, so in this case they'd be buying into bitcoin. Many ICOs don't stand out and just die within a couple of weeks. Why risk it there if you are completely clueless on whether or not the project is good?

I think it's very fair, in this life who is fast is the lucky one,
who just joined at this time is not believe in Bitcoin ago,
they start playing Bitcoin when hearing the price is high,
whether the profit generated by new players will be equal to that long ago, definitely not.

In fact they have already missed so many opportunity in past, therefore i think that it will be too good for them to trade bitcoin right now. The beauty of bitcoin is that bitcoin is that  is one of the most safe investment in current time and if they will invest money in bitcoin hope that they will not lose money here but will surely give them a very good profit in near future, therefore i think that newbie should start from bitcoin investment.

Well I think that it is just fair. Bitcoin is not some kind of lottery. To the first ones who got engaged with, we may say that they were lucky to find bitcoin early. But if we think pf bitcoin's true purpose, which is to provide a decentralized currency with faster transactions in a digital way, the it is fair enough. If we think like this, bitcoin's value would not be an issue here, for me the value does not make any sense at all.

Bitcoin's potential is something we can't even remotely imagine right now. Some trolls here made fun of people having bought their coins at +$1000 levels back in 2013, and kept repeating it all the way to the bottom in 2015.

Look at where we stand right now. It's obviously not smart to buy your coins during a serious rally, especially if it isn't based on something highlighting Bitcoin's fundamental progress, but these people did and can't go back.

Some sell their coins and cut their losses, where others accept that it wasn't a great investment in current time frame, but keep hodling because they understand the potential of Bitcoin, and are willing to wait for it.

Current situation isn't any different. People bought at peak levels, and are now facing the same difficulties. One person adjusts to the new situation, and the other just steps out. No one is being forced to stay.

Yes price will not stay low for long time as it use to rise and fall. Bitcoin price is not remain common at the same time, I know market use to change with investment, if today you will invest in bitcoin then tomorrow you will see the massive progress of bitcoin, yeah if bitcoin price is increasing gradually so get to the bitcoin and hold it for long time, today price is not very high so very easy to buy holding is all the time profit, don’t lose your patience and buy to hold for long time.

Right now? I would say yes. I would say long-term it was fair even for those that bought at 19k and didn't panic-sell.

I think that by now everyone is acquainted with the Bitcoin and its usage. Noone is guilty of the knowledge of the certain individuals. People which had invested in BTC when it was on its very start made actually a very smart decision back then. Right now current investors are striving towards the same financial profit that the holders of the Bitcoin from back then have made today. It is not possible because maket is changing. BTC cannot bring so big profit income to the current buyers because the number is decreasing and the price is climbing and it cannot go so high anymore. There are other opportunities for the investors that are being presented in the forms of the ICO projects. These projects are similar to the Bitcoin breakthrough in 2010. Individuals should not greed and be jealous on the holders of the Bitcoins which have recognized the opportunity on time, instead they should think properly and invest in other projects that have even better perspective than the Bitcoin in a long term. Each individual is tailoring his/her own destiny and it is up to them to take the right opportunities and not to look back. There will be more opportunities even if most of them are revealed as a scam. It is up to us to recognize these opportunities and to grab them. We cannot long for the past and to the time when we had the opportunity to grab Bitcoin. A market is fair and for those who don't have enough of the financial assets to invest into the Bitcoin right now - Invest into other projects and coins. Bitcoin isn't the only coin today on the market!

It seems to me that it is too early to buy bitcoin. A lot of millionaires bought their bitcoins at the price of 1500-2000$. Selling your bitcoins now they keep 300% of the profits. No one can guarantee that they will not keep their bitcoins further. We can see even more price drops. Long-term storage of bitcoin used to be risky now it's getting dangerous.

Yes, I agree that it is not fair for those freshers and beginner who have recently entered the crypto market and I am pretty much sure that they might not be knowing about the power of Bitcoin moves and other crypto coin movements where wonders are used to happen every month. As a trader i would like to add that it is not their fault in entering in this market too late, market dynamics used to change when there is huge participation goes on increasing and when there is a shift in nature of total demand and supply, which can be seen truly in the current market. ICO's are really a good alternative option for investment purposes.

I entered Jan 15. Bought first BTC at 13.500. Current total loss is less than 10%, last month made profit. We have only ourselves to blame.

Learn, adapt, like what you're doing. If you don't like it, don't understand it or don't want to learn, entering a market this volatile is really a gamble.

Hell, it's a gamble even if you do everything right. ;D

TBH, i love it that I entered during this period. Learned a lot just to keep my head above the water.

These guys are multimillionaires as we talk,they actually take the right step by investing on bitcoin,but today people are still afraid of investing on cryptocurrecy it may be the right time to also take the advantage

Bitcoin will never reach the vision of becoming an adopted currency until people can get over this idea that bitcoin is designed to make them rich. It was not the intention, if it's a by product of people who support and use bitcoin then great but it should never be the focus.

Nobody is will force us to buy bitcoin so it's fair to everyone that it's their choice to buy bitcoin wether it in high or cheap price as due to volatility the price may go in any direction. It's our choice to enter crypto or not.

Right now the price of Bitcoin is pretty much on the low right now and it is in favor for those beginners who is just thinking about buying Bitcoin because this is the right time to buy because of the enormous price drop that just happened there's a high potential for you to get that profit since Bitcoin went down so deep you can assure that it will get back on its track very soon and might get that little profit then play safe again and sell when you gained your little profit.

but who knows is this price low enough to buy bitcoin or it will fall further? may be we will see $5000 for bitcoin or even lower.

I told a friend about bitcoin and he bought in January when it was around  $14,650 and until now he is still holding. I also told another friend early this month that bitcoin is recovering and he can join the train by buying now and he embark on that and bought around  $10760 but now he is complaining that he has loose money. I encourage them that if the can hold bitcoin is going to grow again and if the sell now they will loose they investment.

I think that the most profitable acquisition of Bitcoin was back in 2009. To date, these people have already collected a fairly large fortune. Therefore Whatever the price for Bitcoin is for today, it is still quite large for us.

The fairest investment is the bitcoin right now for them as they actually know what they are investing and what will be the output so they are not afraid of the price rise and fall, bitcoin is being invested by thousands of people in my society and most of them are millionaires. If you will buy bitcoin at very high price it will decrease the profit, so try to buy bitcoin when you see market is a bit down and you can get bitcoin at fair price, so right now bitcoin is not very high in price you can invest it is perfect and fair price after all,.

Well to start with,i read an interesting statistic saying that of all icos in history 81% are scams, 8% have managed to get their coins listed on an exchange and the rest disappeared after sometime. I am not sure where exactly I read it, but i did read it. Comparing the statistic with bitcoin, bitcoin's dev aka Satoshi has never scammed anyone.
If you really worry about economies and their issues, bitcoin isn't the problem. Get them food first worry about bitcoin later.
For people who are not familiar with bitcoin, it would be much better if they stick to stocks cause they don't have to worry much when compared to the complications crypto has.
I am a big fan of new technologies but with so many scams going around, you really don't know what's scam and what's legit. Because nor every scam nowadays is too good to be true. They seem legit until....

Indeed, bitcoin is programmed to operate independently. Bitcoin does not distinguish new or old investors. Anyone can be successful at first joining bitcoin. They can earn high profits when bitcoin prices reach the top. I think this is an advantage of bitcoin.

I don't believe that bitcoin limits anyone from investing. Some of the early adopters were lucky while some felt it to have great potential in the future and they decided to invest.

This is probably one of the biggest issues of bitcoin these days, and that is scaling, in the past every time bitcoin got up in price it gave an opportunity for people to join in and get profit if they want to at a point where buying bitcoin to the average person became a really hard thing to do because of the price, so people started looking for other cheaper alternative which they found in ICOs, not only that but last between the tow last months the bitcoin network was a mess transaction were stuck for days miner fees reaching ridiculous prices, all of that because of the high flow of traffic and people that got into it, but hopefully with the lightning network things will get much better as it will solve this whole process by letting bitcoin be implemented in the instant micro transaction payment.

Also keep in mind that bitcoin is very very volatile you might loss everything in just one snap so make sure you invest wisely.

I did not think it is true, of course, if people join the network 5 years ago and they can be millions by now but even now we are well aware of the peak price of Bitcoin and those were joining Bitcoin right now there late but if they can hold their investments they can really earn some profit from it. Trading is never too hard for someone it's just one should know when to wait and when to invest their money and even does mistake for the first time but a trading you have a very good chance for recovering your losses. Show all the newbies can keep trying for the best because hard work is going to get the money they want.

As for fairness you say , when you are first time to buy bitcoin now and the price is high , then you do not buy, so what time will you wait in buying so you make your own unfair ,waiting for price to go low , then you hsve not started , first time to buy now , buy immediately  and you can trade your coin in future with a little gain at least you started your investment in bitcoin.

There is always opportunity for new comer to make profits in cryptocurrency. In cryptocurrency world, price always leave on market floor, and its depending on supply and demand. I think its fair if people who first buying bitcoin get market price

Times are hard for bitcoin holders now because of the.pricing situation. However, it is a bit of a disadvantage for those who were just starting to invest on bitcoin. I would not recommend ICO's for now because of current market. It is a huge risk as of the moment. Investors should focus on buying bitcoin for now.

You need to be very careful when recommending bitcoin or any other cryptocurrency to your friends or family, you basically gave them financial advice telling them to buy and now they are losing money, who do you think they are going to blame for it? They're going to blame you for their losses especially if they really did not knew anything about the market of cryptocurrencies and the risk inherent to this market, so whenever you are recommending bitcoin as a good investment tell them to make a very deep research about it before making any kind of investment and ask you questions about it so they do not have any kind of doubts before investing.

if your speaking as an economist i think you will not asking some question like that
if your talking about fair or not, you know how the market cap like any big company right now
but when they started and still little how much people buy their share
i know bitcoin is don't have any fundamental asset but bitcoin price is like a finishing product that doesn't producing more new supply so it still risiing if demand are high
and that fair for thoese who buy for the first time because they have a chance and look the oppurtunity in it

In my opinion, that is not unfair for old people those who do not have even information about them. Because, after the Soviet Union demolished in the past, there were so many people who used advantages of it, and obviously many of us did not live in those time of period, so what should we do? Do we need to use time travel for going past? :D Technology is consumed efficiently only with people who are capable of new developments. Whoever does not have enough information in time, thats their problem, you should not worry about them, if you can just inform and advice them.

I agree completely with the quote. The price of bitcoin should not be an issue if you will invest. Whatever the price it will always be fair from the time you invest. That’s the risk of investing in bitcoin. If you are having problem with bitcoin price then ICO may be the best for you. To answer the question about the best time for the first time in bitcoin. Whatever time or anytime you invest, it is the best time. Just be wise on how you invest.

Yes, I do strongly agree with this one as well, the price is always fair even if the price crashes or it skyrockets it shouldn't be an issue within investing, but what if these first time buyers of BTC has limited and tight budget around them, then they should really observe the price, because they cannot invest without BTC, and therefore if you are looking forward to buy some Bitcoin/s then you should really take a look at the price and it may get you more if the price is down.

The reason that people who invested on Bitcoin early on has an advantage is mainly because they actually gambled their money on something they're not sure will go big ib the future. The advamtage they gained is mainly the rewards they have for the uncertainty of their investments before. The same thing coyld be said about the stock markets.

This current market price is in favor of those who are new comers who just joined and will join Bitcoin investment because the price is much cheaper to purchase than before. So if i where these people i will buy much cheaper Bitcoin today and who knows the long awaited bullish market run is now just around the corner in which it will become an opportunity to earn huge.

I think in the current market price of bitcoin, it is still fair for the first timer to but btc at this current price as I believe btc can still efficiently improve it's market growth in the coming years. I would suggest somehow to every first timer to consider long term investment if they wanted to invest in bitcoin. However, prior to do so, they must have to educate and familiarize themselves about bitcoin so as to gain sufficient knowledge about the market trends and movement.

if you buy the bitcoin at this time and hold it until the price goes up then you can get a lot of profits you need to do just wait until the price becomes very expensive. just be patient the price can definitely be very expensive again someday.

That is exactly right not to look of the price when you  bought the coin instead look  on the developement of a project.  If you keep thingking of the value when bought it then when you compare the price 5 years ,you only feel dissappoinment and you will loss focus of your goals.

it is difficult to accept the fact when the first buy, and now the price falls very drastically. For those who have bought for a long time or less 3-5 years ago, they have got a profit. but for the new buy, surely they are shocked to see the fact that the price drops very drastically. no wonder some of them do panic sell. it would be better if the hold and see the possibility of the price will rise again.

Fair or not doesn't matter, the purchasing power is still d the same

I think bitcoin is very fair for everyone. Anonymity of bitcoin is favorable conditions for those who are new to electronic money. You can invest into electronic money at any time and in any place.

Bitcoin is fair for everyone provided you have enough patience to wait and trade cautiously when need be. You can simply trade some portions of your BTC to earn more BTC without necessarily worry about the prices in the next few months.

There are always an advantage of being the starter. That's why there is a rule "First Come, First Serve". If you started long ago and invested in bitcoin when it does not have any value, you are now a millionaire right now. But because the market is volatile, price drops down and it is a sign that newbies can enter in bitcoin anytime. There are still chance for those who are beginning right now.

I think not instead their bless, because they buy it now while market is low, if you buy now you made wise decision soon cryptocurrency market  price will definitely bounce back, a real profit to set your future.

That's wrong. The purchasing power of your fiat capital highly depends on Bitcoin's price, where if you enter now you get way more bang for your buck. Those who entered far above $10,000 wish they waited before buying.

The only problem for newbies is that they don't know what the right moment is to open up a position. Only time proves whether or not it was a good decision, and considering they blindly enter, it's mostly not good for them.

It's not easy being a newbie, especially with how hostile the altcoin market is. I'm quite sure that most of the newbies and maybe even the older members here are mentally broken due to the bear market.

I think it depends on the person who is investing. I say that because whether they are those who bought when it was starting or now, when the price is high already, they still have faced challenges and will still be facing challenges today. It may be different, but still, it's all but the same obstacles that could make or break your will to invest in this market. Therefore, if you are just buying now, what you need to have is a difference in approach that is more fitting for the times and trends now. So, instead of thinking that you are now in a bad position because you have started late, just make sure to use better strategies to keep up.

For me, we should not compete with those who invested before and those who had just invested, what matter most is that those who are now investing now had given their means to earn from it, though it will not be big earning like the first investors but they will also get there later on as long as they look on positive side. That is why i still conclude the fairness of it.

Yeah,don't look on the past just focus on now, as long as you know that you can earn profit then it's fine to invest now. We will see soon that we can also earn huge profit like what others earn. The most important is you are already invested now in crypto.

Yes it is better for the newbies to enter now compared to the price when it is already hyped. The problem is that some would hesitate to enter the market because they are seeing that it is going down or moving sideways and with additional FUD that bitcoin is dying so it is up to us then who are more knowledgeable than them when it comes to cryptocurrency why bitcoin has that price now. Always make sure to state that it has high risk but the rewards that they can reap is potentially high too.


I even consider myself late already in investing when in fact I invested when the price is below $500 because I should have done it when the price is below $100 but unfortunately I ignored it before. There is still time for those people though to invest and earn from it especially that people are getting positive and anticipating bitcoin ETF.

I think it would be necessary for someone with a great platform or company to start adopting
in mass bitcoin there the population felt more confident but who with bought years ago will not complain if but people enter because that happens in one way or another the demand would increase but as I know only three years and already got up well but not that formal employment continues to encourage people to know our world

Yes of course, because the bitcoin price is so low than before. And i think this is the right time to buy them a bitcoin.

If we look back where the early Bitcoin adopters bought their coins for a relatively low price, then sell them when the price of nys soared. And I'm sure in that generation no one was holding their coins for now. So there is not much difference in those involved in the early stages and we are involved in the current stage.

As a simple enthusiast it would be fair for both early and old adoptors. For me prices of Bitcoin today is just a bonus to those who have hoard Bitcoins during the early ages because of their loyalty and patience. Staying in a more stable asset is the best option if you are afraid to lose your assets but if you want to gain more profits, ICO and cryptocurrency would be the best choice.

Yeah you're right. besides bitcoin still has great potential. we don't know how much bitcoin prices will go up. because bitcoin users will keep coming and push up the demand. you do not need to be jealous with the early users. we can benefit as they are in the future

I think this will depend on the country that you are living in, because your government can make a law one day that will just forbid for you to use Bitcoin, and make your earnings off from it.

Since bitcoin is now being bought by more and more people, its value will always grow. Those who first bought dollars also earned more and the same logic applies to bitcoin. All is fair.

It is a revolution, and iti s not all about the price of the actual rate, it all depends on the way that you use your bitcoins and how you are looking to keep holding them for a long term. I am more than sure in that it all will be profitable in a near future

In the present price I think yes, it is good for those who are first timers in the investing in bitcoins, a good opportunity for them I guess, in the current market where bitcoin is not that expensive it will be a good decision to have investing on it.

For me, it should be fine and much more advantage to them since we knew that recent price of bitcoin hits 20k last December and Januart, thus its very nice holding bitcoins rigth now and selling it for profit by end of the year.

Bitcoin is a well-balanced market for everyone if everyone has the knowledge and equipment they need before buying Bitcoins. Bitcoin is fair and profitable.  :P :P Personal opinion

It's not just fair enough, it's a jackpot! It's been the lowest drop of price of bitcoin since it hit its all time high last December. If you think it's not fair to invest in bitcoin with regards to its market price today, then think of those investors who are investing in bitcoin when the price is 20,000$.

If you compare it to december 2017, then perhaps yes. But if you compare it to those that bought at 2015, then it's quite unfair lol. But i doubt that people who bought then expected things to gonthe way they did. A lot probably sold their btcs back then as well. We're all given fair chances and in a few years, people who bought now will probably realize that.

For now things in the world related bitcoin and creating demand of it seems to be calm enough, of course some countries have already banned bitcoin but not the whole world does that, so there is no need to be worried too much.

BTC can only be relatively fair to anyone!
People who knew BTC in the early days all made profits. All the information about Bitcoin has always been published in the online world. Most of the rights are still in the hands of capital.

This certainly would be a great advantage for those who buy bitcoin at a low price, they can get their money back with a very large number.

There is nothing called fair. As well as the opportunity to come to you you know to hold it, you will grow. Bitcoin too. This is also your chance. You can develop with bitcoin or vice versa

It can be banned or not applied to a new country. But the bitcoin future will prove to the world how valuable it is and how useful the community is. I believe that countries will soon embrace this market because there is a new fast-growing economy.

I prefer to build a well-diversified portfolio based on your risk preference and investment goals. And it should include different assets among which are various currencies and projects. I can name you one good Token Sale. It is called Socratus.  It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem.

I think bitcoin is very fair for everyone. Anonymity in bitcoin transactions create favorable conditions for those who are beginners in trading. They can buy a lot of copper Coin that does not need to know the identity. I very like this feature. It helps me buy a lot of bitcoin.

I think it's fair for them who buy bitcoin in first time because it's your choice when you buy it even it's a higher price or dip price. And I think no one can blame  about that because in a first you should know the strategy when is the right time to buy of bitcoin.

Well there is no fair in investing, you will only choose the perfect time to buy and have some profit in it, buying bitcoin at its good vision of becoming high in the next months then, why not.

Some persons who are struggling to buy bitcoin today had the opportunity to buy it when it was almost nothing but refuse to and even despise it then and today they need that same bitcoin who is not fair to each other? judge wisely bitcoin is been over fair besides no one is compelled to buy

For me,it is also fair to buy bitcoin for the first time even if its price is high or in dips.It's just a matter of choice and how you take risks through spending your money from your own pockets just for the aim of making it grow in the near future.If you really believe in bitcoin,then have your faith in it and soon you will see the huge profit it will bring to you.

Actually cryptocurrency dont intend to be for holding because this is currency and should be circulated buthe problem is people find the volatility of the coins and learn that theres a profit in holding.

But in same manner i dont find that fairness in crypto is indeed and nothing to be alarmed if you can invest at anytime you can and willing to wait for long time the buy bitcoin to earn in future

That's certainly fair, since bitcoin is a beneficial asset for the long run, no one knows the future of bitcoin and now we can see that bitcoin is now increasing. Those who buy bitcoin now certainly have a certain strategy because they see references from the previous year.

Yeah everyone gets the facilities from bitcoin and that's a fair thing, but the question here is, many early users are getting rich from bitcoin, is that fair? I think that's fine, because they need the courage to invest in coins that have not developed at all, and they also have more patience

Bitcoin is giving away the same benefits as before except for it's initial price. It is being fair in many ways but for those who are still new in cryptocurrency who may feel that they are too late to know about bitcoin, it is a natural feeling of being unfair.

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As the OP said I think bitcoin is unfair to the older generation and the late adopters in some ways but Bitcoin is not to be blame for that. However, most bitcoin adopters are those that revolves with modern technology and the right people which enlighten them the potentials of bitcoin this is why the company we keep is vital to our success life. An example is Erik Finan which was told about bitcoin through his genius brother and he seized the opportunity.

Nevertheless, it is better to invest in bitcoin now before it reaches the 21 million and genuine promising ICOs now than complaints or waiting for something better which may not come cause most new project are following the steps of old project.

Well that is the downside of not getting into crypto currency early on. I mean people eho first invested on Bitcoin was laughed at and they actually thought that their investments will be lost. But look at them now, laughing their way to the bank. I think we should look out for the next Bitcoin in the market.

I think now is a good time to buy. Maybe the market will change up or down, but if we persevere and good luck can regain the results. Investing in ICOs is the quickest way to make a profit, but the risk is very high.

Yes it is, the very most important is the willingness to take the risk. And I agree with you that in ICO we make money right away and it's gonna be a good start for making investments.

Bitcoin is fair to everyone, in every purchase, not the first time or the last. Simply because Bitcoin is just a currency and not a charity. The point is if the time you buy Bitcoin is appropriate? This is really hard. You need experience and wisdom. Wish you will succeed in your investment decisions.

Of course it is not fair because those people who buy bitcoins before of course have gain a lot of money today because the price of the bitcoins before compared to now is way too far. The bitcoins worth almost centavos when they first come to the world but not look at their price they are still increasing. But if you are a new comer dont lose hope you can still gain more the most important is the opportunity

I think so, fair enough but there would be a certain condition to be fulfilled and that is to hoard it, so you can expect higher amount of profit when Bitcoin itself raise in its price. If you buy Bitcoin these days and sell it or use it for finance purposes I think you are just fooling yourself when you are able to wait for the fluctuation of price.

As for me, I would rather prefer to buy new upcoming coins that are sure and certain, rather than buying bitcoin now. You will make better profit from the new ICO coins.

Why not, everything depends from the investors themselves, which budget they have and how much they are willing to invest in bitcoin. At the moment in general, in bitcoin need invest at least several thousand dollars, so then there will be some profit, and if investor budget is small, it is better to choose any alt and not worry.

I really doubt about the economic part because every investment is unfair for the last investor. :P . Bitcoin is an open source project and if someone is last to know about it , who to blame, just make sure you understand the risk and invest accordingly or stay away from it .

It is an individual's choice whether to invest in bitcoin or some other projects out there . Before investing wage the risk in investing in a proper technology like bitcoin or any other make belief projects. :P

I believe that it will be always depending on the investors because the market prices are based on supply and demand so we can expect higher profit if there are more people who are interested.

If some people have just bought bitcoin, that would be an advantage on their part because the price of BTC is low. All they've to do is hold them until the price is right. Experts are very positive on this, high expectation. They even predicted that the price would go as high as 10x the current price.

Around 6k should be a fair price. We have pretty good predictions that BTC will go up.

That's very fair if you compare those investors at 20,000$ per bitcoin than today at 6,000$. That's more than half of price drop and if you buy today and bitcoin will rise again like last year, then that what makes unfair to those who buy at all time high too. :)

Many people are doing this strategy actually. All is good for this if you don't encounter a scam ICO.

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This is as fair as it can get. The early investors before faced many uncertainty and mental stress so their reward for that is what we're seeing now i.e price appreciation.

I believe its normal for early adopters to be rewarded. We see it in every other business like network marketing and new business ideas. Regarding the scalability issue, I believe some cryptocurrency solve it since bitcoin is not the only cryptocurrency we have. I believe that cryptocurrency and local currency should remain at its place right now because of the problem you stated since we still benefit from both nowadays.

I always think that the market will recover so trust the BTC and do not rush to sell them

I'm sure that everyone would very much like to buy bitcoin at the initial price and very many thought about this and more than once. My friends also somehow dreamed that they would have known then they bought Bitcoin for all their savings. I do not know what price should be fair, but I know for sure that now it also makes sense to buy, because in the future it will rise in price and rise in price very much

If you will buy bitcoin at very high price it will decrease the profit, so try to buy bitcoin when you see market is a bit down and you can get bitcoin at fair price, so right now bitcoin is not very high in price you can invest it is perfect and fair price after all.

with the current situation and situation of bitcoin it is good not to make sales but if possible to hold and buy if you have enough capital with all the good altcoins, because the prediction at the end of the year there will certainly be a good development for bitcoin and altcoin.