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Author Topic: Are new bitcoiners too late to the party? (or is this still he early stages?)  (Read 3632 times)
raid_n
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February 27, 2014, 09:08:11 PM
 #21


don't forget the other bitcoin phrase repeated ad infinitum: bitcoin outcome is binary. it will either go to zero or millions!

so he should go for it, don't be a pussy and talk yourself out of it. everyone who has done that so far regretted it.

I think the long term outcome is indeed binary and there is the remote chance that it could go to millions.
Which is an even more compelling reason only to invest what you can safely lose.
If it indeed does go to millions you'll be fine with a few coins. Maybe not filthy rich but enough to give you a great head start.
On the other hand losing the family heritage will most likely affect your future life in a negative way
the_poet
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February 27, 2014, 09:10:07 PM
 #22

It's not too late. If you can work up $6k with which to buy 10 BTC, you should be able to retire quite comfortably in three years.

It is nonsense like this that gives bitcoin a bad reputation.
Expect your invested funds to be worth nothing or at best the same as they are now.
That way there is at least a chance you will be satisfied when and if your investment does increase in value



I agree. It's a risky investment and, as such, one should only put in BTC money he or she can afford to lose. Even $6k is ok if you can comfortably live without that amount of money. I'm currently at 2 BTC and happy with it.

don't forget the other bitcoin phrase repeated ad infinitum: bitcoin outcome is binary. it will either go to zero or millions!

so he should go for it, don't be a pussy and talk yourself out of it. everyone who has done that so far regretted it.

You've just confirmed my theory. Based on what you say, even a 0.5 or 1 BTC is ok: if it goes to zero, you lose nothing, if it goes to millions, you can consider yourself rich depending on the situation you're starting from. That's a win-win.

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coinpharmer
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February 27, 2014, 09:33:03 PM
 #23

I happen to be a new bitcoiner and I feel that I am late to this new concept?  The prices seem high and the early adopters sure have the better end of the stick?
How many people use bitcoin and how will they increase/decrease?

Has bitcoin reached highest prices or will it soon go to da moooooooooooon!

you got in sooner than most. As a bitcoin fanatic I actually make it mart of my day to talk to everyone I meet about bitcoin and asking if they have heard of it or what they know, making it a priority to talk to any store owners if they plan to accept it. Most of these people have never heard of it. meaning yes we are still the early adopters.

I feel bitcoin will be over 10k this year.
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