Bitcoin Forum

If you are reading this right now and you do not buy bitcoins at this price, you cannot ever complain about early adopters again.

At this price, anyone can be an early adopter right now.

trying to pump the price are we?

I still have a day or two before my deposit gets on the exchange, and my paycheck is converted to bitcoins on Friday. I hope this low price sticks around for a few days.


But if anyone posts crap about early adopters and they knew about Bitcoin before January 14, 2015...then they have nothing to complain about. They had their chance.

me too i'm waiting on my bank transfer to go through. How long does CaVirtex take to process deposits? I did a direct withdraw on Jan. 13 and the funds left my bank this morning when can I use them?

You should challenge the argument with visual proof  ;)

It's like the universe wants me to be rich.   :D ;D ;D ;D ;D ;D 
 
I'm going to be buying extremely hard for the foreseeable future.

I posted a jpg of my transfer yesterday for some other fool that does not believe me. But I really do not care who believes me, the point still stands.

The reason the whole early adopter argument is stupid is because in the early adopter days buying bitcoins was just as risky as it is buying today. As if somehow buying a shitload of bitcoins when we were celebrating the word bitcoin being mentioned in a news article was not super risky.

Sit back and watch while the new early adopters buy at these low prices this week. Shut your yap when you regret it a year from now.

Chill mate, nothing against your argument, was just pointing out that it was weak against the pump-claim.

Okay so everyone who is buying right now will be rich next year? Isn't this a bit risky?

Yes it it is risky and no, I don't think, they will be rich next year, maybe 2 years, maybe 5.

All the whiners are complaining about the days that BTC was purchased sub-$100, ran all the way up to $1200. Even though they missed their chance, It's now in the $100 range again, but they don't think there will be another epic rise 2.0

Most of us didn't think there would be an epic rise to $1200.

All the talk was about "what would you do if Bitcoin was $100?".

over 1 million volume reported on bitcoinity in last 24 hours, holy crap must be some new players in now

This is a true test of confidence. Believers will buy and doubters will sell. Which type are you? I am pround to say I am the former, but I am not investing my life savings.

For once even I'm going to benefit from a massive price rise even if it's only a little bit.

+1

Take it or leave it...but this is a big chance for all those people begging for donations/giveaways/faucets...and trying to make as much as 0.00001 BTC!

http://legeekcestchic.eu/wp-content/uploads/2012/09/shut-up-and-take-my-money11.jpeg

Many ppl speculating about an elongated downtrend this year too down to the 1xx or even to two digits. Anyway buying now will be profitable in the long run.

with what money do you expect me to buy them

OK, bought 15 bitcoins, I am now an early adopter.  Didn't pull trigger at 170, got in at around 210.

I guess it's a matter of perspective- to many, "early adopters" are the ones that got in at 1$ or less and have/had many thousands of coins.

200$ early adopters - well, maybe in 5 years they may be considered that.

Early adopters got in at the 0.50 to 50 dollar range last time around.  At $200, I'd say it's far from a sure bet you'd be on the winning end this time around.  But of course it's TO DA MOON everywhere I look on this forum, without any sort of technical analysis or explanation other than 'I believe in this technology!'

At the moment it is speculative.  You can believe in the blockchain technology and still think bitcoin will crash I think.

However, there is a vast amount of infrastructure being built around bitcoin the currency, which adds value (cash stations, merchant integration, etc)
And of course, lurking in the background is the entry of wall street, which would be a game changer imo.

Yeah, it's not going to zero any time soon. Even the main guy who maintains the BTC code said he'll hold onto some coins

Even with new merchants, the price of bitcoin is still tied to fiat.  And it's laughable seeing people arguing this idea.

So tell me, if 1 bitcoin = 1 bitcoin is all that matters....then whyaren't you able to walk into a dealership and buy a lamborghini with 1.0 btc? Why can't you go on overstock.com right now and purchase an asus laptop for 0.3 btc?  Yeah.  Because its purchasing power is forever tied to the U.S. dollar.

Assigning a fixed, 1:1 arbitrary value to itself doesn't work in the real world when you want to use it.  If its market value keeps dropping (which, this has been one of the first stories I've seen on the national news, which just happens to be the crash of bitcoin price tonight) no new individual investors are going to want to touch it with a 10 foot pole.  Lol, why would anyone want to sink money into an ulta volatile  ship while it's soaring head first to the bottom of the sea with no sign of rescue?

I don't disagree with you but can you really be smart and be an earlier adopter first time round?

You can't ever complain or say no one told you now.


https://bitcointalk.org/index.php?topic=758004.0

Yeah. Whether you believe Bitcoin will go up or not, every man on the street knows about Bitcoin now. (Or so the bears do say!)

It's risky, but it always has been, it's the name of the game. It's never been a sure bet. At $10 people were spewing doom and gloom (and there was far, far less evidence then for success measured in adoption).

I agree. We haven't seen these prices since April 2013. This is a new entry point for a lot watching.

Are you the new riiiising? Did the prices finally fallllll to your desired buy point?

My definition of early adopters are those who managed to buy at less than $1 per pop. Even at current price and with 2000, I will only get about 10 btc. I mean if you ask early adopters what they have are mostly like above 1000btc. Those are true early adopters

I understand your opinion but there are professional investors who have been waiting for the chance. While they might not be "smart" money throwing 100k towards 100$ BTC could prove to be a shrewd move and that is how a lot of them are playing it.

Fair enough point Elwar
Can't have people whining since someone offered a good starting price got to thank the exchanges and the fiat conversions
BFL and a few others for that
(Hopefully we have went through the selling and conversion stage in 2015 and get more long holders)

buy

This could mean bitcoin's new birth. Low prices and a fresh start, rid of scams such as BFL and mt. gox.

Exactly. This forum is way too open for my taste.
We usually have 2 situations: a) Price is high, people (FUD spreaders, trolls, noobs) complain about early adopters.
b) Price is low; the same people are claiming that Bitcoin is dying.

You can't just satisfy such people at all. I'm starting to think that hiring a lawyer and suing such people would be the right way to proceed. After all, law enforcement has started watching the web for speech of hate and the likes of it.
Wouldn't this apply to Bitcoin as well?

True but that is only for one looking at prices. When you take in we have seen microsoft, overstock, and google with their investments all have become more open to bitcoin maybe we can say bitcoin is just growing up and these are growing pains.

That is a possibility, yes. Maybe bitcoin is just waiting for enough volume to render it stable once again.

I look forward to see more merchants and people that actually use coins for real transactions enter the scene, not more noobs... ops, sorry, I mean not more "investors"! :)

I agree with you.
Because of ''investors'' and their ''hunger'' for fast money, we have this situation with bitcoin.
They are in panic and selling everything.
When we get rid of them, price of BTC will stabilize and raise again.
After that, as suggested, we may become new Early Adopters :)

You probably made this thread when it was ~177$ (Lowest it go to)  , it's now 208$ .
Anyway , I'am pretty sure that early adopters bought it a lot cheaper , like a lot ... heard someone saying that it was 13$ for 1 BTC or even less. so yeah I guess they can still complain (I don't because I don't really care about the price to be honest)

try $162 on btce couple of times
lower on some other exchanges

Get over it.

People were complaining about "early adopters" in 2011: https://bitcointalk.org/index.php?topic=25138.0. Now, those people that were complaining are themselves considered early adopters.

As long as the value increases, people will be complaining about early adopters. At some point everyone reading this post will be considered an early adopter.

IMO, by standard definitions, anyone who is "in" before Bitcoin has nibbled itself a solid 2% of any given market is an early adopter.

That's the thing, I don't think a lot of Bitcoin users really realise just how much of an early adopter they are, barely anyone knows about about Bitcoin nevermind has a real understanding of economics, that said, it is fairly amusing seeing people accuse me of having a hoard of Bitcoin stashed away and being incredibly rich when I hardly have anything right now. That said, that could all easily change this year because things are going to be epic.

What's 2% though?  ;D


What am I kidding I only got a few btc while the prices were low yesterday.

Do you honestly believe this? i thought the same when i saw the price drop and pretty much went all in even though I didnt have much money to invest in the start

I think he means 2% of the 21 million coins that will ever be in existence that means 420k coins.....thats a lot and you would need to invest millions for that to ever happen with todays price.

In b4 the spike  :)

Early adopter means you purchased early on.

Six years is either early or it isn't.  Early is time based not value based.  Many people would be "earlier adopters" than you who paid $1,000 for it.

#Seewhati'msayin'



i live in a town of 40,000 in the mid-west.  everyone I know has heard of bitcoin.  and i haven't told them.  i kept hearing "no one has heard of bitcoin" online and so I started asking.  55 year old women.  30's somethings.  19 year olds.  bankers.  They all have heard of it / know.

No magic bullet is going to magically make the avg joe understand economics more ... few have understood it for the last hundred years.  few will for the next hundred.  bitcoin won't change that.

This implies that people that own Bitcoin have a real understanding of economics, with all that "double by December 2015" talk last summer...

What about the current price right now? is this still early adopter terratory?

Looks like people are going to figure out the bottom is in before I get my money to the exchange on the 27th (5 business day hold at the bank+ 2 business days to get stuff over to the exchange).

all part of Satoshi's plan.... several years while you can get in cheap before
the block subsidies start getting really small and new Bitcoins become scarce.

good thread , OP.  Get in now or surrender the right to complain later.

Do you think that satoshi really knew that bitcoin will be a huge success like this ? probably not mate ;D

he did say it would either be huge or be dead in a decade or two...or something like that.

Next year is the year that bitcoin will reach new highs and more people will be whining because they didn't invest TODAY even today the price is great and you should be taking full advantage.

Early adopters at $219? I don't think so I think I'll wait until it comes down to $200 again.

They still know more than most people do which is practically nothing :P

Gotta love that no regrets attitude. He must have been buying since 2011.

Obviously people won't ever make the same kind of returns from the early days but you will likely make a decent profit from investing at these levels. Especially with the reward halving coming up.

I disagree, just wait until the panic sets in from the euro zone collapsing :P

MAybe this new adopters can be the key for the survival for bitcoin. Or the price will dip to 1$ and start from there, again....