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Title: It is always too late Post by: Erdogan on March 10, 2015, 09:18:26 PM Publicity... a new batch of people awakening to the idea of bitcoin, but then most of them conclude that it is too late.
This will continue in the coming years all the way through the hyperbitcoinization! Title: Re: It is always too late Post by: Alley on March 10, 2015, 09:32:16 PM Lol $295 is too late? Its a steal if looking long term. 1-5 years.
Title: Re: It is always too late Post by: 12345mm on March 10, 2015, 10:14:15 PM eeeeexactly ... perhaps the most significant issue with widespread greater adoption is ***people do not like the idea of being taken advantage of*** ... and when you find out these things were produced en mass in the millions and millions of units by a handful of people for free on their laptops / traded for pennies for a year without any public knowledge of it no news no merchant acceptance nothing ... then come to find out the only exchange they were traded on during that time was in fact being run as a fraudulent ponzi (mtgox) and later collapsed and the price WAS $1200 as a sole result of their fraudulent actions and a fake-billion-dollars ... then find out it's trading in the couple hundreds of dollars today with estimates as high as a million stolen bitcoins floating around ... you immediately KNOW you've missed out on any sort of rapid profit making and that all you're doing is paying off the members of the top of the pyramid / thieves who haven't sold all of their free / stolen stash yet ... and you steer the fuck clear of it ...
Title: Re: It is always too late Post by: Erdogan on March 10, 2015, 10:22:37 PM eeeeexactly ... perhaps the most significant issue with widespread greater adoption is ***people do not like the idea of being taken advantage of*** ... and when you find out these things were produced en mass in the millions and millions of units by a handful of people for free on their laptops / traded for pennies for a year without any public knowledge of it no news no merchant acceptance nothing ... then come to find out the only exchange they were traded on during that time was in fact being run as a fraudulent ponzi (mtgox) and later collapsed and the price WAS $1200 as a sole result of their fraudulent actions and a fake-billion-dollars ... then find out it's trading in the couple hundreds of dollars today with estimates as high as a million stolen bitcoins floating around ... you immediately KNOW you've missed out on any sort of rapid profit making and that all you're doing is paying off the members of the top of the pyramid / thieves who haven't sold all of their free / stolen stash yet ... and you steer the fuck clear of it ... And at every turn you dig yourself deeper into the mud. Title: Re: It is always too late Post by: 12345mm on March 10, 2015, 10:41:39 PM me muddy ? ... nahhhh ... couldn't be ... i'd be happy as shit if this thing went ballistic (again) ... lowest i've paid was 90 a pop after SR closed and i started mining back in 2013 too with positive roi ... highest i've sold at was 770 ... currently have over a blocks worth acquired in the low 200s and benefited for thousands of dollars of profit ... i'd love to have gotten in in the single digits but hey time travel isn't possible so ... anyway i'd probably be classed as a late-early or early-mid adopter ... and it would be fantastic for me if it'd just rock up and up from here ... and i'm well in the black ... but i know what the reality is and what the public perception is ... rational people don't touch this shit with a 10ft pole because well ... like i said ... people don't like the idea of being taken advantage of and paying 10000X the price something was produced at is hard to stomach for normal people used to working with normal investments and fiat currencies ... but hey ... there's lots of irrational people in the world to make more $$$ off of right ? ... :P
Title: Re: It is always too late Post by: Somekindabitcoin on March 10, 2015, 10:46:36 PM It is definitely always too late. When they see the prices so high, they can only think to themselves that it is too late. They missed the 158 dollar crash boat, they missed the 1200 dollar boat, and most importantly, the penny boat.
I bet most of you jumped on to the boat around the 100 dollar mark in 2013. Title: Re: It is always too late Post by: Wexlike on March 10, 2015, 11:04:20 PM I just jumped on the boat the moment i discovered Bitcoin. Weird.
Title: Re: It is always too late Post by: brg444 on March 10, 2015, 11:04:57 PM The best time to plant a tree was 20 years ago. The second best is now
Title: Re: It is always too late Post by: HalFinneysBrain on March 10, 2015, 11:06:29 PM Sometimes it becomes not-quite-too-late-anymore, like when the price crashes back down to below what it was at a peak almost 2 years earlier. Those are really good times to buy. ;)
Title: Re: It is always too late Post by: tabnloz on March 10, 2015, 11:17:42 PM me muddy ? ... nahhhh ... couldn't be ... i'd be happy as shit if this thing went ballistic (again) ... lowest i've paid was 90 a pop after SR closed and i started mining back in 2013 too with positive roi ... highest i've sold at was 770 ... currently have over a blocks worth acquired in the low 200s and benefited for thousands of dollars of profit ... i'd love to have gotten in in the single digits but hey time travel isn't possible so ... anyway i'd probably be classed as a late-early or early-mid adopter ... and it would be fantastic for me if it'd just rock up and up from here ... and i'm well in the black ... but i know what the reality is and what the public perception is ... rational people don't touch this shit with a 10ft pole because well ... like i said ... people don't like the idea of being taken advantage of and paying 10000X the price something was produced at is hard to stomach for normal people used to working with normal investments and fiat currencies ... but hey ... there's lots of irrational people in the world to make more $$$ off of right ? ... :P Some see it as the future, some get FOMO, some do as you say and don't buy in. I think most people accept that they had no way to get into bitcoin when it was for pennies and probably see the pullback from $1000 as making it more affordable. Everybody would have loved to be the $1-buy-in-guy. Bitcoin adoption is littered with stories of people who heard of it and then dismissed it quickly, only to return to it later at 10x the price. People routinely pay plenty more for non investments than they would have previously or in another location. With bitcoin the reason not to buy would be you see no future in it or it is too complex for your liking; by no metric is it fully formed or fully functional. If you're an investor you might be scared by the volatility, security concerns or lack of current infrastructure but surely not by lack of growth potential. Title: Re: It is always too late Post by: waterpile on March 11, 2015, 12:01:55 AM Lol $295 is too late? Its a steal if looking long term. 1-5 years. Yep, considering that some companies took the risk to run their business when it was $700-500. Oh well i guess its his own opinion and we got to respect it. Title: Re: It is always too late Post by: Erdogan on March 11, 2015, 01:34:00 AM Good points here. People looking into bitcoin for the first time nowadays, should consider themselves lucky, because now is just as good as 18 months ago, price wise.
Title: Re: It is always too late Post by: hyphymikey on March 11, 2015, 02:12:54 AM me muddy ? ... nahhhh ... couldn't be ... i'd be happy as shit if this thing went ballistic (again) ... lowest i've paid was 90 a pop after SR closed and i started mining back in 2013 too with positive roi ... highest i've sold at was 770 ... currently have over a blocks worth acquired in the low 200s and benefited for thousands of dollars of profit ... i'd love to have gotten in in the single digits but hey time travel isn't possible so ... anyway i'd probably be classed as a late-early or early-mid adopter ... and it would be fantastic for me if it'd just rock up and up from here ... and i'm well in the black ... but i know what the reality is and what the public perception is ... rational people don't touch this shit with a 10ft pole because well ... like i said ... people don't like the idea of being taken advantage of and paying 10000X the price something was produced at is hard to stomach for normal people used to working with normal investments and fiat currencies ... but hey ... there's lots of irrational people in the world to make more $$$ off of right ? ... :P Why do people buy any investments knowing that someone bought it waaaaay cheaper than they did? Because they look at the future not the past. Thats what smart investors do. We still don't have all the smart investors on board yet due to various reasons... mainly the ability to acquire legally and large amounts. Once that wave is over, bitcoin will have grown and will be used for what it is, and people won't worry about it as an investment that someone bought waaaaay cheaper than they did a long time ago. They will think of it as an amazing technology. You got to remember bitcoin was not made to make you rich! Title: Re: It is always too late Post by: b!z on March 11, 2015, 02:14:21 AM Publicity... a new batch of people awakening to the idea of bitcoin, but then most of them conclude that it is too late. This will continue in the coming years all the way through the hyperbitcoinization! That's true. You shouldn't give up before you've even started. However, you don't know for sure that the price of bitcoin will continue to increase in the long term. Title: Re: It is always too late Post by: ElectricMucus on March 11, 2015, 02:52:12 AM me muddy ? ... nahhhh ... couldn't be ... i'd be happy as shit if this thing went ballistic (again) ... lowest i've paid was 90 a pop after SR closed and i started mining back in 2013 too with positive roi ... highest i've sold at was 770 ... currently have over a blocks worth acquired in the low 200s and benefited for thousands of dollars of profit ... i'd love to have gotten in in the single digits but hey time travel isn't possible so ... anyway i'd probably be classed as a late-early or early-mid adopter ... and it would be fantastic for me if it'd just rock up and up from here ... and i'm well in the black ... but i know what the reality is and what the public perception is ... rational people don't touch this shit with a 10ft pole because well ... like i said ... people don't like the idea of being taken advantage of and paying 10000X the price something was produced at is hard to stomach for normal people used to working with normal investments and fiat currencies ... but hey ... there's lots of irrational people in the world to make more $$$ off of right ? ... :P Why do people buy any investments knowing that someone bought it waaaaay cheaper than they did? Because they look at the future not the past. Thats what smart investors do. We still don't have all the smart investors on board yet due to various reasons... mainly the ability to acquire legally and large amounts. Once that wave is over, bitcoin will have grown and will be used for what it is, and people won't worry about it as an investment that someone bought waaaaay cheaper than they did a long time ago. They will think of it as an amazing technology. You got to remember bitcoin was not made to make you rich! They don't if it's really an investment, which is basically defined as loaning somebody who does something productive money for interest. Out of it comes something of value, a product, a service, knowledge or information. That doesn't happen with Bitcoin because the mtoney you used to buy Bitcoins goes to another person who doesn't use that money to earn something for you. That's why it's called speculating and that's why this board is called as such. We are speculators not investors. Title: Re: It is always too late Post by: desertfox470 on March 11, 2015, 03:10:27 AM People think that they are too late because they heard of the stories that btc was only 30 cents at one time and people were mining hundreds of bitcoins a day.
Title: Re: It is always too late Post by: Erdogan on March 11, 2015, 03:12:45 AM They don't if it's really an investment, which is basically defined as loaning somebody who does something productive money for interest. Out of it comes something of value, a product, a service, knowledge or information. That doesn't happen with Bitcoin because the mtoney you used to buy Bitcoins goes to another person who doesn't use that money to earn something for you. That's why it's called speculating and that's why this board is called as such. We are speculators not investors. You are basically correct. Investing is buying capital goods and labour with the purpose of producing someting that is useful to others (of course speculating that it is useful to others when it is offered some time in the future). Buying bitcoin is speculating that others will demand it for a higher price in the market in the future. It is speculating also if you do not expect a higher price in the future, even when you expect a lower price. (When you demand dollars for the work you offer, you speculate that someone in the future will demand those dollars for a price not less than 2 percent lower than the current price... that is the dollar price inflation expectation). This is always so with money: any demand you have for money, is speculation that others will demand it in the future. Speculation is acting on your foresight, based upon all your wisdom. Title: Re: It is always too late Post by: piramida on March 11, 2015, 06:52:16 AM Yeah just as people thought jumping in at $5 is already "too late" after $2 a month ago, so the price just sat there for months.
Everything is relative. "Too late" of today will surely become "the greatest opportunity" in retrospective. Too bad common people are moved by emotions much more than reason. Too bad for them, I mean :) Title: Re: It is always too late Post by: Amph on March 11, 2015, 07:43:30 AM this thing is asbout to reach the moon soon, has not even left the station, not too late at all
one day you will look at the current price and laugh Title: Re: It is always too late Post by: thebitcoinquiz.com on March 11, 2015, 08:56:30 AM Publicity... a new batch of people awakening to the idea of bitcoin, but then most of them conclude that it is too late. Its the best price to buy bitcoins right now. Its just 300$ at this time and we all expect the coin to rise a lot during the next halvening. Its still not late and will never be. This will continue in the coming years all the way through the hyperbitcoinization! Looking at the long term, the price is too good to buy right now. Title: Re: It is always too late Post by: kingama on March 11, 2015, 09:48:19 AM They don't if it's really an investment, which is basically defined as loaning somebody who does something productive money for interest. Out of it comes something of value, a product, a service, knowledge or information. That doesn't happen with Bitcoin because the mtoney you used to buy Bitcoins goes to another person who doesn't use that money to earn something for you. That's why it's called speculating and that's why this board is called as such. We are speculators not investors. You are basically correct. Investing is buying capital goods and labour with the purpose of producing someting that is useful to others (of course speculating that it is useful to others when it is offered some time in the future). Buying bitcoin is speculating that others will demand it for a higher price in the market in the future. It is speculating also if you do not expect a higher price in the future, even when you expect a lower price. (When you demand dollars for the work you offer, you speculate that someone in the future will demand those dollars for a price not less than 2 percent lower than the current price... that is the dollar price inflation expectation). This is always so with money: any demand you have for money, is speculation that others will demand it in the future. Speculation is acting on your foresight, based upon all your wisdom. Just to add to this, buying bitcoin is somewhat similar to the case of loaning someone money. By holding, you support the price and allow others who see an even greater opportunity for profit than bitcoin cash out a little bit. Holding also adds to the potential liquidity enabling larger transactions to work their way through the system without changing prices as much. Title: Re: It is always too late Post by: randy8777 on March 11, 2015, 09:52:50 AM it's never too late. it all depends on supply and demand. what today looks high might be insanely cheap at some point.
buy now and make sure you are in the coins. Title: Re: It is always too late Post by: thebitcoinquiz.com on March 11, 2015, 09:56:57 AM it's never too late. it all depends on supply and demand. what today looks high might be insanely cheap at some point. If you are only concerned about the demand and supply thing then the demand is certainly going to increase with more people joining in and after the halvening I expect the volume of bitcoin in circulation to reduce. All the factors are in favour of rise in prices so yes, the I guess bitcoin is undervalued and the price will increase in the futurebuy now and make sure you are in the coins. Title: Re: It is always too late Post by: johnyj on March 11, 2015, 09:38:44 PM When people discovered that they are forever too late in the fiat money game(E.g. no matter how much fiat money they get, FED will always print more and make their money worth less), then comparing with bitcoin, they will understand that everyone enter bitcoin anytime is in fact an early adopter, since there are no future bitcoin can dilute his holding indefinitely
Title: Re: It is always too late Post by: avw1982 on March 11, 2015, 09:41:05 PM The best time to plant a tree was 20 years ago. The second best is now damn I like this quote Title: Re: It is always too late Post by: oblivi on March 11, 2015, 10:37:52 PM eeeeexactly ... perhaps the most significant issue with widespread greater adoption is ***people do not like the idea of being taken advantage of*** ... and when you find out these things were produced en mass in the millions and millions of units by a handful of people for free on their laptops / traded for pennies for a year without any public knowledge of it no news no merchant acceptance nothing ... then come to find out the only exchange they were traded on during that time was in fact being run as a fraudulent ponzi (mtgox) and later collapsed and the price WAS $1200 as a sole result of their fraudulent actions and a fake-billion-dollars ... then find out it's trading in the couple hundreds of dollars today with estimates as high as a million stolen bitcoins floating around ... you immediately KNOW you've missed out on any sort of rapid profit making and that all you're doing is paying off the members of the top of the pyramid / thieves who haven't sold all of their free / stolen stash yet ... and you steer the fuck clear of it ... Yeah, a system that's transparent and cannot be manipulated where you can be responsible of your own wealth is clearly worse than this: http://www.theguardian.com/business/2015/jan/19/global-wealth-oxfam-inequality-davos-economic-summit-switzerland Get some perspective. Title: Re: It is always too late Post by: gargantuar on March 11, 2015, 10:38:01 PM The best time to plant a tree was 20 years ago. The second best is now damn I like this quote If the best day to plant a tree is 20 years ago, the second best day would be 7303 days ago. Title: Re: It is always too late Post by: Erdogan on March 11, 2015, 10:47:16 PM The best time to plant a tree was 20 years ago. The second best is now damn I like this quote If the best day to plant a tree is 20 years ago, the second best day would be 7303 days ago. You assume that there has to be a linear function of goodness versus the time scale! No, we are talking magic here! Title: Re: It is always too late Post by: 600watt on March 11, 2015, 11:02:05 PM The best time to plant a tree was 20 years ago. The second best is now damn I like this quote + 1 Title: Re: It is always too late Post by: Hazir on March 11, 2015, 11:13:54 PM The best time to plant a tree was 20 years ago. The second best is now damn I like this quote If the best day to plant a tree is 20 years ago, the second best day would be 7303 days ago. I think that $300 is a key to unlocking bitcoin price after this threshold bitcoin price can reach even $500 in short time imo. If someone is telling you that time to buy bitcoin is long time gone he is a delusional individuum locked in the past when bitcoin price was two-digit number. Time is now. Title: Re: It is always too late Post by: Bananana on March 12, 2015, 06:25:30 AM The best time to plant a tree was 20 years ago. The second best is now damn I like this quote If the best day to plant a tree is 20 years ago, the second best day would be 7303 days ago. If the best day to plant a tree is 20 years ago, the second best day would be 7303 days ago and the third best would be tomorrow. Title: Re: It is always too late Post by: Monetizer on March 12, 2015, 06:28:28 AM I agree however many will see and notice if bitcoin bubbles again and will have a similar thought process "I should have bought" and when it goes down they may see an opportunity to buy as many did this time around if this makes sense.
Title: Re: It is always too late Post by: Samperio on March 12, 2015, 06:39:30 AM I still reckon that bubbles are supported by greed. But in my mind, I'd like to de-couple that from the fact that bicoin actually came out of nothing to be something with value.
Whether pundits are to demonize or talk down or actually praise Bitcoin, it's here to stay. While there are possibly some bubbles to come (hard to divine, right, but I foresee a 1,300 to 1,500 USD per BTC bubble in the next three years), I venture to say that BTC some time over the coming 5 years will be well supported at the 1,100 USD price. My 2 satoshis. S. Title: Re: It is always too late Post by: 12345mm on March 12, 2015, 07:45:22 AM eeeeexactly ... perhaps the most significant issue with widespread greater adoption is ***people do not like the idea of being taken advantage of*** ... and when you find out these things were produced en mass in the millions and millions of units by a handful of people for free on their laptops / traded for pennies for a year without any public knowledge of it no news no merchant acceptance nothing ... then come to find out the only exchange they were traded on during that time was in fact being run as a fraudulent ponzi (mtgox) and later collapsed and the price WAS $1200 as a sole result of their fraudulent actions and a fake-billion-dollars ... then find out it's trading in the couple hundreds of dollars today with estimates as high as a million stolen bitcoins floating around ... you immediately KNOW you've missed out on any sort of rapid profit making and that all you're doing is paying off the members of the top of the pyramid / thieves who haven't sold all of their free / stolen stash yet ... and you steer the fuck clear of it ... Yeah, a system that's transparent and cannot be manipulated where you can be responsible of your own wealth is clearly worse than this: http://www.theguardian.com/business/2015/jan/19/global-wealth-oxfam-inequality-davos-economic-summit-switzerland Get some perspective. to be quite honest ... i advocate violent revolution at this point to reset the balances ... bitcoin is not the solution with 1000 people owning 1/4 of the total bitcoin monetary supply ... the hyper wealthy will not surrender their wealth/power willingly for the betterment of mankind ... and there exist only a few thousand billionaires on this planet VS several billion other well armed people ... they are too few and we too many ... they will be hung from the lampposts ... and this is what motivates their actions is the knowledge that the rest of mankind hates their very existence and parasitic purpose ... blood ! ... I call for blood !!! Title: Re: It is always too late Post by: piramida on March 12, 2015, 10:05:02 AM to be quite honest ... i advocate violent revolution at this point to reset the balances ... bitcoin is not the solution with 1000 people owning 1/4 of the total bitcoin monetary supply ... the hyper wealthy will not surrender their wealth/power willingly for the betterment of mankind ... and there exist only a few thousand billionaires on this planet VS several billion other well armed people ... they are too few and we too many ... they will be hung from the lampposts ... and this is what motivates their actions is the knowledge that the rest of mankind hates their very existence and parasitic purpose ... blood ! ... I call for blood !!! What do you think happens after all the billionaires are hung, or you didn't think much further than that? I'll give you a hint - in a month, there are new billionaires, the ones who've lead sheeple to die while hanging the previous ones. And you will still be poor. |